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New Delhi, Apr 8 (PTI) The Reserve Bank's decision to maintain status quo on interest rate is a calibrated approach to strengthen macro economic environment against the backdrop of global headwinds influencing economic sentiment, experts said on Wednesday. The Reserve Bank kept its key policy rate (repo) unchanged at 5.25 per cent, adopting a cautious wait-and-watch stance as policymakers assessed the fallout from the six-week Iran conflict on energy supplies, inflation and growth. Industry bo ...Read More >
New Delhi [India], April 8 (ANI): The Reserve Bank of India is set to announce its first bi-monthly Monetary Policy Statement for the financial year 2026-27 today. Governor Sanjay Malhotra will deliver the decisions of the six-member Monetary Policy Committee at 10 this morning. The committee deliberated on interest rates, inflation outlook, and growth projections since Monday. Speaking to ANI, experts indicated a strong consensus for a status quo on the current repo rate, with most suggesting ...Read More >
New Delhi [India], April 7 (ANI): The Reserve Bank of India (RBI) is likely to maintain a status quo on interest rates in its upcoming policy, even as geopolitical risks rise, with GDP growth expected to face a potential impact of 0.5 to 1 per cent, said Ranen Banerjee, Partner and Economic Advisory Leader at PwC India. Also Read | Usman Khawaja Spots Lionel Messi Lookalike in Pakistan (Watch Video). Speaking to ANI ahead of the policy announcement, Banerjee said that monetary policy action ma ...Read More >
New Delhi [India], April 7 (ANI): The Reserve Bank of India (RBI) is likely to maintain a status quo on interest rates in its upcoming policy, even as geopolitical risks rise, with GDP growth expected to face a potential impact of 0.5 to 1 per cent, said Ranen Banerjee, Partner and Economic Advisory Leader at PwC India. Speaking to ANI ahead of the policy announcement, Banerjee said that monetary policy action may not be effective in addressing the current challenges arising from the ongoing We ...Read More >
Brookfield India Real Estate Trust has announced Shashank Jain as its new CEO, bringing extensive real estate experience to lead the company's portfolio of Grade A assets across key Indian cities. Photograph: Mark Blinch/ReutersKey PointsBrookfield India Real Estate Trust appoints Shashank Jain as the new CEO and Managing Director, effective July 1.Alok Aggarwal will continue as CEO and MD until June 30, ensuring a smooth transition.Shashank Jain joins from PwC India, bringing over 20 years of ...Read More >
New Delhi, Mar 31 (PTI) Brookfield India Real Estate Trust has appointed Shashank Jain as the Chief Executive Officer (CEO) and Managing Director of the firm managing the REIT. Alok Aggarwal will continue as CEO and MD until June 30 and the appointment of Shashank Jain will be effective from July 1. In a regulatory filing on Tuesday, Brookfield India Real Estate Trust informed that the board of its manager Brookprop Management Services Pvt Ltd has approved the appointment of Jain as CEO and as ...Read More >
The chartered accountants' apex body is set to propose financial and regulatory measures to help Indian Multi-Disciplinary Partnership (MDP) firms scale globally, leveraging government support and free trade agreements. How will it enable funding for MDPs? What regulatory reforms are needed to support growth? Which global opportunities can Indian MDPs tap through trade agreements? Here is what ICAI said. The Institute of Chartered Accountants of India (ICAI) is preparing a report to guide the f ...Read More >
PwC India-Unified Fintech Forum report warns India's fast-growing FinTech sector faces major cybersecurity challenges. With over 10,200 firms and rapid digital expansion, the report stresses that cybersecurity must be embedded in every innovation. Mumbai (Maharashtra): India's rapidly expanding FinTech industry is facing growing cybersecurity risks even as it cements its position as a global leader in digital finance, noted a report by PwC India and the Unified Fintech Forum (UFF). The report, ...Read More >
The ESG policy has been formulated on the basis of the assessment that environmentally friendly and relatively low-polluting industries are suitable for the State's industrial ecosystem. Kerala has now become the first State to implement a comprehensive ESG policy, says Rajeeve The Cabinet on Tuesday approved an environmental, social, and governance (ESG) policy to implement a governance framework for investments in the State. The ESG policy has been formulated on the basis of the assessment t ...Read More >
Bengaluru : KFin Technologies Limited ("KFin Technologies"), a leading provider of global investor and issuer solutions today announced the launch of "IGNITE" a flagship engagement program that marks a transformational shift in how mutual fund distributors interact with service platforms. IGNITE has been designed to empower the distributor ecosystem -- spanning banks, national distributors, Mutual fund distributors (MFDs), and Registered Investment Advisors (RIAs) -- with structured support, dig ...Read More >
Rocket.new, an Indian startup building an AI-powered app development platform, has raised $15 million in a seed round led by Salesforce Ventures to take on viral vibe-coding rivals like Lovable, Cursor, and Bolt by letting users build full, production-ready apps from natural-language prompts rather than just quick prototypes. Accel and Together Fund joined Salesforce Ventures in the all-equity seed round, which comes only three months after Rocket.new launched its platform in beta in June. Sin ...Read More >
A recent PwC report indicates that revised GST rates in India are expected to ease household budget pressures, potentially boosting consumer sentiment. The survey highlights that many consumers are concerned about rising food prices and are adapting their shopping habits to save money. Brands are advised to offer promotions and loyalty programs to retain customers in this volatile pricing environment. Household budgets across India are likely to see some relief following the recent revision in ...Read More >
AFC Furniture Solutions, a leader in ergonomic office furniture, unveils its refreshed brand identity. The rebranding emphasizes flexibility, human-centric design, and sustainability, reflecting AFC's evolution and global ambitions. The updated identity maintains the company's core values while positioning it to meet future workspace needs with modern, sustainable solutions. In a significant move, AFC Furniture Solutions has unveiled its refreshed brand identity, signaling an evolution in its a ...Read More >
Chandigarh [India], August 28: Chandigarh University has received overwhelming response in terms of campus placements for engineering students. More than 500 Multinational Companies have conducted their campus placements in which record 5000 job offers were offered to students of various engineering streams which included Computer Science Engineering, IT, Mechanical Engineering, Electronics and Communication Engineering, Electrical Engineering, Civil Engineering, Automobile Engineering, Aerospac ...Read More >
Bengaluru (Karnataka) [India], August 14: The Federation of Indian Chambers of Commerce and Industry (FICCI) and AMPIN Energy Transition, in collaboration with Deloitte & Sumitomo Corporation, successfully concluded its pivotal seminar titled Renewable Energy Transition for Commercial and Industrial Consumers in the Southern Region at Hotel Taj MG Road. The event brought together a diverse group of industry leaders, policymakers, and C&I consumers who discussed the roadmap to achieve 100 RE for ...Read More >
New Delhi [India], August 14: Having worked closely with micro, small, and medium businesses (MSMEs) for over two decades, I have seen how transformative the right accounting tools can be in helping businesses streamline billing, avoid losses due to incorrect pricing and other manual errors, simplify tax compliance, ensure full input tax credit claims, and optimize bookkeeping processes. Also Read | 'Bigg Boss 19': Transgender Athlete Anaya Bangar Approached for Salman Khan's Upcoming Reality S ...Read More >
Kolkata, Aug 14 (PTI) Chief Minister Mamata Banerjee on Thursday said India would not have got Independence if Bengal was not there, as personalities like Rabindranath Tagore and Subhas Chandra Bose, who contributed significantly to shaping the nation's destiny, were born here. Speaking at a function marking the 12th anniversary of the 'Kanyashree' scheme, Banerjee said Bengal is the beacon of hope which stands for unity amid diversity. "If Bengal was not there, India would not have got Indepe ...Read More >
VMPL New Delhi [India], August 14: Having worked closely with micro, small, and medium businesses (MSMEs) for over two decades, I have seen how transformative the right accounting tools can be in helping businesses streamline billing, avoid losses due to incorrect pricing and other manual errors, simplify tax compliance, ensure full input tax credit claims, and optimize bookkeeping processes. When implemented effectively, modern accounting solutions empower business owners to shift their focus ...Read More >
New Delhi: Goods and services tax (GST) collections rose 7.5% to Rs 1,95,735 crore in July, showing signs of a pick-up from the previous month, although the growth was slower than a year ago.According to the latest official numbers, collections from domestic sources in July, based on transactions in June, were 6.7% higher at a little over Rs 1.4 lakh crore. Those from imports were better, rising 9.7% to Rs 52,712 crore. In recent months, the domestic source has been weak, which is also visible i ...Read More >
Mumbai: Aimed at reducing high school dropout rates, raising the gross enrollment ratio in higher education to 50% and to enable students to secure fulfilling careers, 'Vidyadhan' scholarship program has announced to offer one lakh scholarships to economically disadvantaged students across the country. Launched in Kerala in 1999, Vidyadhan is an initiative by the Shibulal Family Philanthropic Initiatives (SFPI) and is currently active in 22 states and union territories of the country. In the ne ...Read More >
Amritsar: BJP MP Nishikant Dubey from Jharkhand has claimed that Britain assisted India in executing the 1984 Operation Bluestar at the Golden Temple in Amritsar, stoking a new controversy.In a post on X on Monday, Dubey alleged that then PM Indira Gandhi "launched an attack on the Golden Temple in collaboration with Britain", with British Army officers present in Amritsar.He uploaded a classified British document, "Sikh Community", claiming that on Feb 23, 1984, the UK Foreign and Commonwealth ...Read More >
Bengaluru: India's French connection is growing stronger. French IT services firm Capgemini, which has more than half of its 3.4 lakh employees in India, is acquiring one of the country's business process management (BPM) pioneers, WNS, for $3.3 billion. The move is seen as an attempt to bring strong technology expertise, especially AI, into BPM services to be able to offer enterprises much more comprehensive solutions.This acquisition comes a decade after Capgemini acquired Igate, another India ...Read More >
New Delhi: Indian-origin Vaibhav Taneja, Tesla's Chief Financial Officer, has emerged as a key figure in Elon Musk's newly announced political venture, the America Party (AMEP). Tesla owner Elon Musk on Sunday announced a new political party called the 'America Party'. In the official filing of this party, Musk named Vaibhav Taneja as the Custodian of Records and Treasurer. According to a report by The Wall Street Journal, Vaibhav Taneja, Tesla's Chief Financial Officer (CFO), has earned a stagg ...Read More >
Nagpur: The Nagpur Metropolitan Region Development Authority (NMRDA) has almost completed the Rs 132.49 crore phase 1 of the Tajbagh renovation and beautification project and is now awaiting Rs 95.87 crore to start phase 2 of the project. Under the first phase, NMRDA strengthened and beautified the main dargah, constructed a shopping complex, a choti dargah, shops, and other structures, including marble flooring. According to NMRDA sources, Phase 1 of the project received Rs 132.49 crore adminis ...Read More >
MUMBAI: The market is warming to large private credit deals in India, where local borrowers are typically less levered than their peers in the rest of Asia, according to Indranil Ghosh, managing director and head of pan-Asia special situations at Cerberus Capital Management. Cerberus, which has US$65bil under management globally, was among the anchor investors in Shapoorji Pallonji Group's US$3.4bil financing, the country's largest private credit deal to date. While deals of that scale are sti ...Read More >
New Delhi: GST collections grew 6.2% to Rs 1,84,597 crore in June, marking the slowest pace of expansion since last September. The numbers for transactions in May indicated weak demand as collections from domestic sources rose 4.6% to Rs 1,38,906 crore, while those from imports clocked double-digit growth of 11% and reached Rs 45,690 crore.There was double-digit growth during April and May, resulting in average monthly collections of over Rs 2 lakh crore so far this year. The latest GST data com ...Read More >
New Delhi: Central and state governments collected ₹1.85 trillion in Goods and Services Tax (GST) revenue in June, reporting a 6.2% annual improvement, although the revenue receipt was the lowest in four months. The moderation from the more than ₹2 trillion-level seen in the first two months of the current financial year comes on account of a sharp reduction in tax collection from domestic transactions. GST on imported items also witnessed some moderation in June. However, cumulatively, in the ...Read More >
Thiruvananthapuram: Ravada A Chandrasekhar took charge as the new State Police Chief on Tuesday. He succeeds Shaik Darvesh Saheb, who retired on June 30. His tenure will run until July 1, 2027. A 1991-batch IPS officer currently serving as Special Director with the Intelligence Bureau, Chandrasekhar is on central deputation. He was selected over Nitin Agarwal, who topped the official list of probables. The appointment order, issued by Kerala Chief Secretary Dr A Jayathilak on behalf of the Gove ...Read More >
New Delhi: The ninth year of the Goods and Services Tax (GST), which begins on Tuesday, could actually see the much-awaited rationalisation of the rates, although the shrinking of slabs from four major ones to three is unlikely.While the tax regime stabilised over eight years, this is evidenced by consistent rise in collections - from a monthly average of a little over Rs 1.2 lakh crore to more than Rs 1.8 lakh crore - and the number of taxpayers increasing to over Rs 1.5 crore by March-end.Name ...Read More >
New Delhi: Starting July 2025, goods and services tax or GST compliance will undergo a shift with two key changes -- locking of GSTR-3B forms and a three-year deadline for filing returns. These changes, introduced by the GST Council, aim to improve accuracy and transparency in return filing, while reducing mismatches and fraudulent claims. The move is aimed at ensuring consistency between GSTR-1 (which records outward supplies) and GSTR-3B (used to pay tax), reducing revenue leakages due to mism ...Read More >
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