India requires 30 lakh CAs for $30 trillion economy by 2047, says ICAI President

ICAI President Ranjeet Kumar Agarwal projects a surge in demand for chartered accountants, supporting India's aim of a $30 trillion economy by 2047. H...

U GRO Capital CFO calls for new NBFC category to boost MSME financing

U GRO Capital's CFO, Kishore Lodha, suggests a distinct NBFC category for MSMEs to address their financial needs effectively. The CFO also highlighted...

RBI asks Kotak Mahindra Bank to stop issuing fresh credit cards, onboarding fresh customers via mobile banking

The Reserve Bank of India on Wednesday asked Kotak Mahindra Bank to cease issuing new credit cards and onboarding of new customers through online port...

Lendingkart appoints Mukund Barsagade as Group CFO

Previously, Barsagade was the CFO of Paytm Payments Bank.

From Russian funds with love: Plan mooted to tap rupee balance in special accounts

Russian financial institutions have been negotiating with the Reserve Bank of India (RBI) to use the rupees in special accounts in India for investmen...

T Rabi Sankar re-appointed as RBI DG for one year

Sankar, a career central banker who joined the RBI in 1990, was initially appointed as Deputy Governor on May 3, 2021 for a three-year period.

FSIB Recommends Rana Ashutosh for State Bank's MD Post

Rana Ashutosh Kumar Singh recommended by FSIB for SBI MD post, pending Appointments Committee of the Cabinet approval under PM Modi's leadership. FSIB...

Invesco AMC, its CEO, others settle case with Sebi

The case relates to an inspection of mutual funds and portfolio management services (PMS) activities of Invesco Asset Management for the period betwee...

Kerala High Court classifies Malabar 'Parota' as akin to bread, subject to lower GST @5%

Tax experts state that advance rulings are binding on the parties with respect to the transaction on which the ruling is sought. However, they do h...

Temasek, Fidelity may invest $200 million in Lenskart at $5 billion valuation

This round would take homegrown eyewear company Lenskart's valuation to over three times that of Warby Parker, a New York-based online retailer for sp...

State of the Economy: How did the macroeconomic indicators perform in March 2024?

With the GST revenue standing at second-highest collection ever and the foreign exchange reserves hitting an all time high. The last month of the fina...