New Delhi: The recent amendments to the Income Tax Act, 2025, have sparked significant discussion in the financial community. The Lok Sabha Select Committee has recommended eliminating the provision that required taxpayers to file an Income Tax Return (ITR) solely to claim refunds, particularly benefiting small taxpayers affected by strict penalties. This change aims to […]

Mumbai: RBL Bank has announced a significant fundraising initiative, targeting up to ₹6,500 crore through shares and debt securities. The plan includes a Qualified Institutions Placement (QIP) worth ₹3,500 crore and an additional debt issuance of ₹3,000 crore. Despite a reported decline in net profit this quarter, RBL Bank’s stock has surged by 60% over […]

Mumbai: Life Insurance Corporation of India (LIC) has recently disbursed a substantial dividend of ₹7,324.34 crore to Finance Minister Nirmala Sitharaman for the 2024-25 financial year. This payout, approved during LIC’s annual general meeting on August 26, 2025, underscores the company’s robust performance in the Indian insurance market, where it maintains a significant asset base […]

Mumbai: India’s foreign exchange reserves saw a significant drop of $4.38 billion, totaling $690.72 billion for the week ending August 22, according to the Reserve Bank of India (RBI). This decline follows a previous week where reserves had increased by $1.48 billion, underscoring the ongoing fluctuations in the Indian economy. The data also highlights the […]

New Delhi: India’s urban infrastructure sector, which has seen a significant investment of Rs 30 lakh crore over the past decade, is poised to attract an additional Rs 10 lakh crore within the next four years. Union Housing and Urban Affairs Secretary Srinivas Katikithala highlighted this potential at the 17th annual convention of NAREDCO, emphasizing […]