The Sebi board on Wednesday approved a set of amendments aimed at improving ease of doing business for Real Estate Investment Trusts (REITs), Infrastructure Investment Trusts (InvITs), and merchant bankers. The key changes include greater cash-flow flexibility for REITs and InvITs, a sharper definition of public unitholding, harmonised reporting timelines, and a reduction in the…
The Institute of Chartered Accountants of India (ICAI) has begun reviewing the financial statements of IndusInd Bank and Gensol Engineering and expects the process to take at least six months before any action is taken against auditors for alleged lapses.ICAI president Charanjot Singh Nanda said the review is being handled by the Financial Reporting Review…
Vodafone Idea on Wednesday announced a strategic partnership with US-based satellite communications company AST SpaceMobile to deliver satellite-based mobile services directly to smartphones across India, without the need for specialised hardware or apps.The telecom operator said the tie-up aims to expand coverage in India’s unconnected regions by integrating AST SpaceMobile’s space-based cellular technology with Vi’s…
The new income tax regime offers lower tax rates and higher standard deduction compared to the old tax regime. (AI image) ITR filing FY 2024-25 (AY 2025-26): When filing your income tax return every year, the choice between the old and the new income tax regime is an important one. The new income tax regime…
Wall Street held steady in early trading on Wednesday as investors awaited the US Federal Reserve’s policy decision, with the S&P 500 flat, the Dow Jones Industrial Average unmoved, and the Nasdaq composite edging up 0.1%.Around 20 minutes into trading, the Dow Jones Industrial Average ticked up 0.2 percent to 42,277.37, as did the broad-based…
Savings account holders will see reduced returns as major banks, including State Bank of India (SBI), HDFC Bank, and ICICI Bank, have lowered their interest rates following a 50 basis point repo rate cut by the Reserve Bank of India (RBI) in June 2025. The cumulative rate cut for this year now stands at 1%….
The Securities and Exchange Board of India (Sebi) on Wednesday proposed two key regulatory reforms aimed at expanding the investor accreditation framework and accelerating onboarding processes for Alternative Investment Funds (AIFs). The regulator has invited public feedback on these proposals by July 8.Under the suggested changes, all KYC Registration Agencies (KRAs) would become eligible to…
The Annual Pass is available only on the Rajmargyatra mobile application and NHAI website. FASTag-based annual pass for national highways: In a big relief for frequent travellers, Road Transport and Highways Minister Nitin Gadkari on Wednesday announced a new FASTag-based annual pass. The new FASTag annual pass will be available for Rs 3,000. It will…
Air India cancelled several international flights on Tuesday, causing disruption for travelers. The cancellations follow the tragic crash of Air India flight AI171, a Dreamliner bound for London, in which 241 out of 242 people on board were killed. In response, the airline has increased its operational inspections and technological checks.As of Tuesday, at least…
Ola claims that it is now India’s first ride-hailing service to completely remove commission charges. The fare for your next trip on an Ola will go entirely to the driver. Ola has announced nationwide implementation of a zero percent commission structure, enabling drivers across its auto, bike, and cab services to keep their entire fare…
