Two GST tribunal benches will come up in West Bengal this year, Minister of State for Finance (Independent charge) Chandrima Bhattacharya told the Assembly on Thursday. The two benches, part of the central Appellate Tribunal, will address the issues of aggrieved parties, she said. “Two GST tribunal benches will come up in… Continue reading 2 GST tribunal benches will come up in Bengal: WB Finance Minister
Tag: Finance
Delhi finance minister ‘strongly opposed’ to 28% GST levy on online gaming
Delhi finance minister Atishi has “strongly opposed” the GST Council’s decision to implement a 28 per cent GST on online gaming platforms, an official statement said on Wednesday. The GST Council chaired by Union finance minister Nirmala Sitharaman on Wednesday decided that 28 per cent GST will be levied at face value of… Continue reading Delhi finance minister ‘strongly opposed’ to 28% GST levy on online gaming
Cholamandalam Investment and Finance reports 28.2% rise in Q1 PAT
Cholamandalam Investment and Finance Company Ltd has reported a 28.2 percent rise in its net profits for the April-June 2023 quarter at Rs 726 crore, the company said on Wednesday. The financial services arm of the diversified conglomerate Murugappa Group reported a profit after tax at Rs 566 crore during the corresponding period of… Continue reading Cholamandalam Investment and Finance reports 28.2% rise in Q1 PAT
Top 50 wilful defaulters owe Rs 87,295 cr to banks: Finance Minister
The finance ministry on Tuesday said top 50 wilful defaulters including Gitanjali Gems Limited, Era Infra Engineering Limited, REI Agro Limited, and ABG Shipyard Limited owe Rs 87,295 crore to banks and financial institutions. Of this, top 10 wilful defaulters owe Rs 40,825 crore to schedule commercial banks (SCBs), Minister of State for… Continue reading Top 50 wilful defaulters owe Rs 87,295 cr to banks: Finance Minister
Improved detection, reporting bring down bank fraud cases: MoS Finance
Improved detection and reporting, along with steps taken to check bank frauds, have resulted in a sharp decline in the occurrence of such incidence, Parliament was informed on Monday. Sharing data, Minister of State for Finance Bhagwat Karad said bank frauds have declined from Rs 77,544 crore in 2013-14 to Rs 1,650 crore… Continue reading Improved detection, reporting bring down bank fraud cases: MoS Finance
Jana Small Finance Bank refiles IPO papers, seeks to raise Rs 575 cr
Indian lender Jana Small Finance Bank [JANA.BO] has resubmitted its application for an initial public offering, two years after pulling its previous plan due to the pandemic and the last year it could remain private according to local market regulations. The offer consists of fresh issue of shares worth up to 5.75 billion… Continue reading Jana Small Finance Bank refiles IPO papers, seeks to raise Rs 575 cr
Five-Star Business Finance zooms nearly 20% on strong Q1 show
Shares of Five-Star Business Finance almost hit the 20 per cent upper circuit on the BSE in intra-day deals on Monday after the company posted strong Q1 earnings. At 10:00 AM, the stock was trading 7.3 per cent higher at Rs 777 on volume of around 38,000 shares on the BSE as against… Continue reading Five-Star Business Finance zooms nearly 20% on strong Q1 show
Asia’s richest families now fuelling race for lucrative finance jobs
By David Ramli On a sweat-laced evening in June, while much of Hong Kong dug into supper, two dozen students snaked their way past ginseng dispensaries and tailor shops to the third floor of an office tower to be schooled in finance’s hottest trend. The cohort was a white-collar jumble – some were private… Continue reading Asia’s richest families now fuelling race for lucrative finance jobs
Markets enter bullpen, SBFC Finance GMP at over 60% & more
Markets enter bullpen: Aim at swinging for the fences Just when it looked like the benchmark National Stock Exchange Nifty would breach 20,000, the index saw a pullback to the 19,560 level amid selling by foreign portfolio investors. Analysts say the index will find it challenging to surpass 20,000 quickly and could consolidate… Continue reading Markets enter bullpen, SBFC Finance GMP at over 60% & more