This is an AI-generated image, used for representational purposes only. Public Sector Banks (PSBs) gained significant market share across lending segments and geographies in FY25 despite overall moderation in bank credit growth, a report by Union Bank of India has revealed. The shift was especially evident in working capital and demand loans, traditionally used by…
NEW DELHI: Gross direct tax collections rose less than 5% to Rs 5,45,207 crore during the fiscal year up to June 19. The first of the four instalments of advance tax receipts increased at a muted 3.9%, raising fears of a sharp slowdown in the growth in corporate profits during the June quarter.On a net…
India Post Payments Bank (IPPB) has won the Union Finance Ministry’s Digital Payments Award 2024‑25 for its role in widening access to cash‑lite transactions and driving financial inclusion across the country.The trophy was presented in Delhi by Finance Minister Nirmala Sitharaman and MoS (Finance) Pankaj Chaudhary to IPPB MD & CEO R Viswesvaran and CGM…
File photo: South Korean President Lee Jae Myung (Picture credit: AP) South Korean President Lee Jae Myung has introduced a 30.5 trillion won (USD 22.1 billion) supplementary budget plan aimed at revitalising the country’s weakening economy and supporting struggling citizens, reported news agency ANI, citing The Korea Herald.The proposal, which received Cabinet approval on Thursday,…
The government has told a parliamentary committee that domestic production of pulses and edible oils has risen at a greater pace in the last 10 years compared to the previous decade, even as several MPs voiced concern over the country’s continued dependence on imports to meet demand.In a presentation to the Standing Committee on Agriculture,…
Sebi is working on a comprehensive review of mutual fund regulations to make them more investor-centric and industry-friendly, a senior official said on Saturday.“We are reviewing the entire mutual fund regulatory framework to enhance ease of doing business for all stakeholders, including the regulator,” said Manoj Kumar, executive director at Sebi, at the 17th Mutual…
NEW DELHI: State-run Oil and Natural Gas Corporation (ONGC) on Saturday said it had made significant progress in its efforts to contain the gas blowout at well RDS#147A in Assam’s Rudrasagar oilfield, with the flow rate of natural gas having reduced substantially. The blowout — or uncontrolled gas flow — occurred on June 12 at…
The Centre and Karnataka government have agreed to jointly compensate mango farmers in the state for up to 2.5 lakh tonnes of produce after a sharp decline in market prices, according to an official statement issued on Saturday.The decision was taken during a video conference between Union Agriculture Minister Shivraj Singh Chouhan and Karnataka Agriculture…
Emcure Pharmaceuticals on Saturday said it will acquire the remaining 20.42% stake in its subsidiary Zuventus Healthcare Ltd from minority shareholders for Rs 724.9 crore, making it a wholly owned unit. The company’s board has approved entering into an agreement with the minority shareholders of Zuventus Healthcare for the acquisition, Emcure said in a regulatory…
Capital gains from sale of mutual funds (MFs) are taxable In India, under both the old and new income tax regimes. (AI image) Income Tax Return Filing AY 2025-26: One important aspect of income tax return filing, apart from reporting income from salary, is also filling in details of any capital gains – short-term or…
