The court ruled that failing to cross-charge shared head-office costs to branches did not, by itself, establish fraud or tax evasion under GST law. The Gujarat High Court has quashed a ₹43.43 crore goods and services tax demand against Gujarat…
State Bank of India’s extensive cyber controls are under fresh scrutiny following reports of exposed customer records, ahead of plans for an AI-enabled Cyber Defence Centre in FY27. State Bank of India is facing fresh scrutiny over its cyber resilience…
HDFC Bank is facing renewed selling pressure as weaker-than-expected earnings momentum, a narrowing net interest margin and an internal probe into alleged information leaks weigh on sentiment, despite continued support from domestic investors and bullish broker ratings. HDFC Bank’s shares…
Pine Labs has invested ₹24.99 crore in wholly owned subsidiary Synergistic Financial Networks to fund working capital, operations and expansion, following a sharp rise in first-quarter profit. Pine Labs has put ₹24.99 crore into its wholly owned subsidiary, Synergistic Financial…
UBS AG has converted 20.5 million warrants into a 4.8% holding in 360 ONE WAM, deepening the global bank’s exposure to India’s wealth management sector and helping push the company’s shares higher. UBS AG has become a 4.8% shareholder in…
New rules allow SEZ units to retrieve and resell duty-paid goods refused by domestic buyers, while requiring proof of identity and leaving manufacturers to pursue a separate duty refund. The Indian government has widened the Special Economic Zone rules to…
Businesses and other eligible taxpayers will have three months to clear legacy tax liabilities, with interest waivers ranging from 50% to 100% and penalties linked to non-payment waived. Uttar Pradesh has introduced a three-month tax relief programme aimed at helping…
Hospital bills for pregnancy and newborn care can rise sharply, but waiting periods, delivery caps and gaps in newborn cover may leave families paying more than expected. Planning for a baby is often treated as a matter of buying clothes,…
Garden Reach and Mazagon Dock fall sharply after Goldman Sachs warns that elevated valuations may have outpaced earnings prospects, putting renewed focus on margins, execution and future orders. Goldman Sachs has turned cautious on two of India’s best-known shipbuilders, issuing…
A report by Alvarez & Marsal says domestic coal gasification could replace ₹1.96tn of annual imports while creating new manufacturing capacity in chemicals, fertilisers and industrial gases. India could cut annual imports of industrial products worth ₹1.96 trillion by building…
