Mumbai news live

MUMBAI: Mauritius-registered IndusInd International Holdings (IIHL), promoter of IndusInd Bank, has approved a capital raise of $1.5 billion to fund its stake increase in the bank and acquire Reliance Capital (RCap).In its meeting held on…

Mumbai: In his first address to employees post-merger, Sashidhar Jagdishan, MD & CEO, of HDFC Bank said that HDFCBank’s planned growth rate could create a new HDFC Bank every four years. He said the bank would add 1,500 branches…

MUMBAI: The Income-tax Appellate Tribunal (ITAT), Mumbai bench, has held that co-ownership in more than one residential house will not debar the taxpayer from claiming tax exemptionon long-term capital gains. This decision, given in the…

MUMBAI: Business tycoon Sajjan Jindal’s flagship JSW Steel plansto raise over Rs 25,000 crore through various instruments to finance its growth plans. Its proposed fund-raise programme covers issuance of equity shares worth Rs 14,000 crore…

MUMBAI: The West Bengal bench of the Appellate Authority of Advance Rulings (AAAR) has upheld an earlier ruling and said that sale or right to use a car park is not naturally bundled with construction services. Thus, it will not be treated…

Mumbai: Shares of Life Insurance Corporation (LIC) have fallen 35% from the listing day and nearly 40% from the IPOprice of Rs 949. The Rs 2.4-lakh-crore loss in market cap since its listing on May 17, 2022 brackets LIC’s listing among the…

Mumbai: International credit card swipes for some payments will soon be subject to tax collection at source (TCS) with the government removing the exemption to card spends from current account transaction rules. This means credit card…

MUMBAI: RBI governor Shaktikanta Dason Friday said that the central bank stands by its FY24 GDP growth forecast of 6.5% even as some international agencies, including the IMF, have projected lower growth rates. The governor said that the…

MUMBAI: The government will borrow Rs 8.88 lakh crore in the first half of FY24 through dated government securities, most of which will be through bonds with a maturity of 10 years and above. It will also auction Rs 1,04,000-crore worth…

Mumbai: Prospects of cheap genome tests that can forecast health risks pose a dilemma to insurers and other businesses. Industry people feel that the development could trigger an overhaul of the ‘duty to disclose’ that insurance buyers have…