The proposals include removing an additional 20% settlement charge in certain cases involving multiple proceedings and introducing a fast-track mechanism for settlements of up to ₹10 lakh
Nuvama Institutional Equities has initiated coverage on three key Indian textile players, KPR Mill, Indo Count Industries, and Sanathan Textiles, citing the ongoing shift in global sourcing away from China. The brokerage has assigned ‘Buy’ ratings to all three stocks, with upside potential of up to 35%. According to Nuvama’s thematic report titled ‘Textiles –…
The central government has clarified its policy on the House Rent Allowance (HRA), categorically stating that both spouses cannot claim HRA if they are central government employees posted at the same station and one of them has already been allotted government accommodation. This clarification ends speculation over the applicability of HRA to serving central government…
A 1,000-kilogram elephant seal named Neil has smashed fences, blocked roads and dented cars across Tasmania, and his social media fame is now so massive that wildlife officials are begging his fans to leave him alone. Neil returns to Tasmania’s southern coastline twice a year, just like generations of elephant seals before him, after months…
The Reserve Bank of India (RBI) has overhauled the rules governing how banks offer and disclose deposit interest rates, with the revised framework set to take effect from October 1. Although the changes are unlikely to alter returns on retail fixed deposits overnight, they are expected to make FD pricing more transparent for customers while…
Currency markets paused for breath on Wednesday as pressure on the Japanese yen eased following recent bouts of intervention and a forceful show of U.S. support, while the dollar held near six-week lows on fresh optimism over the Middle East. The yen was slightly firmer at 157.60 per U.S. dollar, after easing about 0.4% from…
Kolkata: AU Small Finance Bank on Saturday reported a 37% jump in first quarter net profit at Rs 796 crore over Rs 581 crore in the year ago period, backed by improved asset quality, normalisation of unsecured loans and healthy business growth. The Jaipur-headquartered lender, which is in a transition into a universal bank, also…