India’s markets regulator plans to issue revised guidelines on the closing auction session within about a week, as it reviews concerns over how derivative settlement prices are determined on expiry days. SEBI Reviews Closing Auction Session Rules SEBI Chairman Tuhin Kanta Pandey said the
The Andhra Pradesh Chambers of Commerce and Industry Federation has welcomed the recommendations of the 57th GST Council meeting, saying the reforms could simplify compliance, ease penalties and improve working capital for businesses, particularly MSMEs. AP Chambers Welcomes GST Compliance Reforms AP Chambers President Potluri Bhaskara Rao said the Council’s
The GST Council has approved a sweeping set of compliance reforms aimed at simplifying registration, speeding up refunds, reducing litigation and limiting intrusive enforcement, while leaving GST rates unchanged. GST Refunds to Become Faster and More Automated The Council has reduced the time allowed for acknowledging refund claims from 15 days to 10 days. If […]
Elon Musk has escalated his criticism over delays to Starlink’s India launch by directly questioning the influence of Reliance Industries chairman Mukesh Ambani, after the Indian government rejected Musk’s earlier allegations that powerful business interests were obstructing the satellite internet service. Musk Questions Ambani’s Influence in India Musk said Starlink had
The United States has suspended eight major technology companies, including TCS, Infosys, Wipro and Microsoft, from the Permanent Labor Certification programme, a crucial stage in the employment-based green card process. Eight Tech Companies Suspended From PERM The companies affected are Microsoft, Adobe, Cognizant, Infosys, Tata Consultancy Services, Wipro, HCL
The Reserve Bank of India has raised its benchmark repo rate by 25 basis points to 5.50%, delivering its first rate hike since February 2023 as policymakers respond to rising inflation and resilient economic growth. RBI Raises Repo Rate to 5.50% The six-member Monetary Policy Committee voted unanimously to increase the repo rate from 5.25% […]
The GST Council is set to consider a wide-ranging package of process reforms at its October 8 meeting, including possible decriminalisation of GST offences, relief for global capability centres and simpler rules for refunds, registration and input tax credit. GST Council May Review Arrest Powers One of the major proposals under consideration is removal of […]
HDFC Bank shares rose as much as 1.8% on Monday after investors welcomed the appointment of Anup Bagchi as the lender’s next chief executive, ending weeks of uncertainty over its leadership transition. HDFC Bank Shares Rise After CEO Appointment The stock climbed as much as 1.8% in early trading before paring some gains. HDFC Bank […]
Markets are increasingly pricing in an interest rate hike by the Reserve Bank of India this week as inflation broadens beyond food and fuel, economic growth remains strong and major global central banks adopt a tighter monetary stance. RBI Rate Hike Bets Rise Ahead of MPC Decision Nearly 60% of economists expect the RBI to […]
The Reserve Bank of India’s Monetary Policy Committee is set to meet from October 5 to 7 amid growing expectations that persistent inflation pressures, elevated energy costs and strong domestic growth could prompt a modest increase in the repo rate. RBI Repo Rate Hike Expectations Rise The repo rate currently stands at 5.25%, where the […]








