Pennant group EVP Kirk Cheney sells $53,661 in company stock

Banks building GenAI governance in parallel to model risk – Risk.net Skip to main content End of drawer navigation content Risk Benchmarking: Majority have established AI governance committees, but ownership is fragmented This piece is part of a series benchmarking bank model risk management practices. Risk Management subscribers can view selected cuts of the underlying…

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India’s securitisation market began FY27 on a strong note, with volumes rising about 20 per cent year-on-year to around Rs 61,000 crore in the April-June quarter, driven almost entirely by non-banking financial companies (NBFCs), according to rating agency ICRA.   The growth extends the trend seen in the previous financial year, when banks sharply…

Retail investors showed renewed interest in mid- and small-cap mutual funds in June, with both categories individually attracting higher inflows than flexi-cap funds for the first time since December 2023. According to Association of Mutual Funds in India (AMFI) data, mid-cap funds received net inflows of ₹6,090 crore during the month, followed by small-cap funds…

The Income Tax Appellate Tribunal (ITAT), Ahmedabad, has cancelled a ₹2.31 lakh penalty imposed on a taxpayer who had claimed a ₹3.71 lakh deduction for a political donation under Section 80GGC of the Income-tax Act. The tribunal held that merely disallowing a deduction does not automatically mean the taxpayer had under-reported or misreported income, particularly…