Page 280 - Finance News

Rupee weakens by 21 paise as oil importers' demand for dollar grows

A stop loss is a type of order that investors or traders use to limit their potential losses in the market, said experts

Seniors citizens must disclose all forms of income in ITR to avoid charge

Review forms 26AS and Annual Information Statement to see if you are eligible for refund of TDS

Poonawalla Fincorp's AUM grows 41% YoY in Q1FY24 to at Rs 17,770 crore

Sequentially, the AUM grew by 10% over the March 2023 quarter

Private banks more aggressive in writing off bad loans than public banks

The ratio of write-offs to gross non-performing assets (GNPAs) in private banks was 47.9 per cent, much higher than 22.2 per cent in public banks

Over 4,900 fake GST registrations cancelled since May 16 in ongoing drive

Currently, there are 14 million businesses registered under Goods and Services Tax, nearly double the number of businesses registered in indirect tax regime pre-GST rollout

No ITC claim if vendors of suppliers of company don't pay GST: Punjab AAR

Experts disagree with ruling and say it could be reviewed at higher judicial forums

RBI rejects 3 'not suitable' applications for setting small finance banks

The Reserve Bank of India has rejected three applications, including the of West End Housing Finance, for setting up small finance banks

Bank of India becomes first bank to offer Mahila Samman Savings Certificate

The scheme was announced by Union Finance Minister Nirmala Sitharaman during her Budget speech this year

HSBC chases wealthy clients in India with private banking business launch

HSBC said on Tuesday it would target business with India's wealthy as it launched its global private banking business in the country

SBI Mutual Fund AUM crosses Rs 8 trillion; eyes Rs 10 trillion milestone

SBI Mutual Fund, largest fund house by a wide margin in the 43-player industry, has clocked yet another milestone crossing the Rs 8 trillion-mark assets under management

Rupee up 4 paise at 81.87 against dollar on bullish trend in domestic mkt

In initial trade, the rupee also touched a low of 81.95 against the American currency

Indian rupee may inch up; RBI remains in way of large appreciation

The rupee on Monday reached a near two-month high of 81.75 on dollar offers by foreign banks, which market participants said was likely related to their custodial clients and to a one-off inflow

Don't dodge lender if default is imminent; request for loan recast instead

Also explore options such as swapping higher-cost debt with lower-cost alternatives, and debt consolidation

76% of Rs 2,000 banknotes returned to banks since May 19; 87% as deposits

According to RBI, as on May 19, the total value of Rs 2,000 notes in circulation was Rs 3.56 trillion and out of this, notes worth Rs 2.72 trillion have been returned

IIFL Finance raised $175 million in June from HSBC, Union Bank and BoB

With a borrowing of $100 million in March, the total borrowing in 2023-24 (FY24) so far has reached $275 million

Centre to soon notify rules for setting up GST appellate tribunals

Central Board of Indirect Taxes and Customs (CBIC) member (GST) Shashank Priya said the department is working to expand the taxpayer base and doing data triangulation with the corporate taxpayers

Covid-19, Ukraine war led to data gaps in 2022: RBI dy governor Patra

Analysis of forecast errors show there is no systematic bias in system, he says

Falling inbound shipments cast a shadow on IGST and cess on imports

Imports were the only exception in the otherwise strong GST numbers in the first three months of the current financial year

Soon, you may be able to use the same QR codes for e-Rupee and UPI payments

The interoperability between e-Re and UPI QRs will be implemented only at the front end

Federal Bank Q1 advances up 21%; deposits grow 21.4% to reach Rs 2.22 trn

Retail credit book grows by 20.2% YoY, says private bank in stock exchange statement