Exclusive: ICMAI likely to urge MCA for amendments to Cost and Works Accountants Act after non-inclusion in tax audits; to meet on Aug 24

After CMAs were not included for tax audit powers in the new Income Tax Bill, ICMAI will meet on August 24 to decide on legal and legislative steps. W...

IBC 2025: What's in the bill, how it tackles delays, why capacity will decide gains

IBC fixes have been proposed, but the bill's promise must not remain on paper - What do insolvency veterans think? Abizer Diwanji says the IBC needs ...

NFRA, IICA launch 2nd course for audit committee members, independent directors

NFRA Chairperson Nitin Gupta said the joint initiative reflects a shared commitment to protect public interest and ensure that companies operate with ...

Retail frenzy fizzles: Only 32% of new-age IPOs deliver long-term gains, says study

The analysis by Client Associates has found out that while listing gains were common, with 68% of IPOs delivering first-day returns averaging 24.15%, ...

RBI committee recommends AI framework for finance sector

A Reserve Bank of India panel suggests a plan for Artificial Intelligence in finance. The proposal includes building local AI models and a risk assess...

Oracle cuts over 150 jobs in cloud unit amid surge in AI spending: Report

Part of the layoffs were related to performance issues; however, the cloud unit continues to hire workers, as per the report, which cited two unnamed ...

US tariffs not to impact India's growth; no threat to positive outlook on sovereign rating: S&P

S&P Global Ratings says Trump tariffs will not impact India's growth. India's sovereign ratings outlook remains positive. India is not a trade-oriente...

Commerce, finance ministries in talks for 2,250 crore export boost mission

The mission was part of budget announcements but has gathered urgency in the wake of the possible adverse impact of US tariffs on India's exports. ...

Rupee-rouble rule: RBI clears path for faster India-Russia payments

Amid growing interest in rupee-rouble transactions, the Reserve Bank of India has simplified rupee trade settlements with Russia. This move allows aut...

Sebi plans to simplify offer document making process

Also, Sebi intends to rationalise and optimise existing regulations, simplify the regulatory framework for foreign portfolio investors (FPIs), and exp...

Indranil Bhattacharyya set to replace Rajiv Ranjan in RBI's Monetary Policy Committee: report

Indranil Bhattacharyya, currently the Executive Director of RBI's Monetary Policy Department since March 19, 2025, is expected to become a member of t...

Japan's SMBC Fund invests $7 million in Shivalik SFB

The funds will be utilised to strengthen the bank's technology stack and expand its workforce across critical functions such as product, engineering, ...

India's housing prices rise 7.7% annually, ranks 15th globally in Q1

India's housing market demonstrates robust growth, securing 15th position globally with a 7.7% nominal price increase in Q1 2025. Strong domestic dema...

Motilal Oswal Financial Services invests Rs 400 crore in Zepto

Motilal Oswal Financial Services has invested Rs 400 crore in quick commerce firm Zepto, as per a stock exchange filing. This investment follows small...

Mahindra Finance to focus on quality of assets rather than volume

Mahindra & Mahindra's NBFC arm, Mahindra Finance, prioritizes asset quality while strategically expanding its business. The company has focused on str...

India's economy continues on fast-growth track: CEA Nageswaran

The overall momentum of the Indian economy has not slowed, as is evident from high-frequency indicators and although trade-related issues are importan...

Trump tariff blow set to ripple through India's economy and banks: Fitch's CreditSights

India's economy is bracing for impact as the US prepares to double tariffs on Indian exports in retaliation for continued Russian oil imports. CreditS...

India's economy and youth to fuel 30+ years of growth: IKEA

IKEA anticipates significant growth in India over the next three decades. This is due to India's strong economy and young population. The company plan...