Newsletter

In a letter to shareholders, Uday Kotak expressed his decision to step down from his executive role as of December 2023. However, he would continue as the non-executive chairman of...

On Tuesday, the GST Council okayed 28% GST on online gaming, casinos, and horse racing. This tax will be levied on the face value. This will bring all these activities...

India’s direct tax collections for FY24 till date is up 24% on yoy basis at Rs4.75 trillion. That is more than quarter of the budget estimates for the full fiscal...

SBI looks to raise up to Rs10,000 crore via additional tier-I bonds (AT-1) this week. However, it is still to take a call on locking in at higher yields. This...

For the June 2023 quarter, Titan reported revenue growth of 20% with double digit growth across all its verticals. This was disclosed as part of its pre-results update. In the...

For the June 2023 quarter, Adani Wilmar reported 25% growth in volumes yoy. This was on the back of strong consumer demand for edible oils and foods. For the quarter,...

According the data furnished by the RBI, nearly 76% of the Rs2,000 banknotes in circulation as on May 19, 2023 worth Rs2.72 trillion were returned to banks; of which 87%...

Indian companies saw their debt levels rising to Rs36.63 trillion in FY23, largely driven by capex. Vodafone Idea had the biggest interest cost of Rs23,354 crore for FY23 followed by...

The first half of 2023 saw a sharp spike in Indian companies raising funds from foreign sources. The fund raising was up 12% at $9.7 billion. The fundraising was led...

It is official now; the merger of HDFC into HDFC Bank will be effective July 1, 2023. Announcing the dates, HDFC Ltd chairman Deepak Parekh said that the boards of...