Finance World

CRAs will have to follow a uniform practice of three consecutive months of non-submission of NDS. New Delhi: The Securities and Exchange Board of India (SEBI) on Friday tweaked its operational circular on credit rating agencies (CRAs), asking them to have a detailed policy by March-end in respect of non-submission of crucial information, including quarterly … Read more

The incident happened as the Queen spent Christmas Day at Windsor Castle. (File) London: A man told a UK court on Friday that he wanted to “injure” Queen Elizabeth II after sneaking into Windsor Castle armed with a loaded crossbow on Christmas Day in 2021. Jaswant Singh Chail, 21, who was detained on the grounds … Read more

Central Board of Direct Taxes (CBDT) chairman Nitin Gupta has said that he expects at least 50-66 per cent (two-thirds) of the taxpayers to switch over to the new tax regime in the next financial year itself. “We have left it to the tax payers as to how many people will shift to the new … Read more

Reuters | | Posted by Singh Rahul Sunilkumar InterGlobe Aviation Ltd, the operator of India’s top airline IndiGo, on Friday reported an eleven-fold jump in quarterly profit led by a pick up in demand for air travel. The airline has been contending with surging fuel costs and currency volatility tha t hit profit for the … Read more

Citizens protest for an uninterrupted supply of electricity a plan to eradicate loadshedding. Johannesburg, South Africa: Already struggling without electricity for hours a day, many South Africans are now having to do also without water, as power outages batter the supply system. A power failure at a pump station feeding reservoirs and water towers caused … Read more

Pakistan’s prime minister Shehbaz Sharif said Friday the government would have to agree to IMF bailout conditions that are “beyond imagination”, as it battles a spiralling economic crisis. An International Monetary Fund (IMF) delegation landed in Pakistan on Tuesday for last-ditch talks to revive vital financial aid that has stalled for months. The government has … Read more

Hinderburg research report alleging Adani group of stocks manipulation and multiple financial fraud has caused the conglomerate to lose $120 billion as all its stocks have fell, wiping out more than half of their combined value. But what has the US based investment research firm gained from it? Hindeburg research in its 100-page report released … Read more

As the Adani crisis – after a report by a short-seller alleging ‘stock manipulation’ against the firm – takes the market by storm, finance secretary T V Somanathan Friday give a macroeconomic point of view on the situation and said it was a “storm in a tea cup” and that India’s public financial system is … Read more

The CEO of the bank said there is “absolutely no concern” from an asset quality perspective. (File) Mumbai: Public sector lender Bank of Baroda on Friday said it has reduced exposure to Adani Group entities over the last two years, and has no concerns on asset quality issues with the conglomerate. The bank’s managing director … Read more