SEBI Initiates Revolutionary Move: Instant Settlement of Stock Market Trade in the Works In a landmark development, the Securities and Exchange Board of India (SEBI) has taken a bold step towards revolutionizing the stock market with the introduction of instant settlement for trades. Leveraging cutting-edge technology, SEBI aims to enable real-time transactions, optimizing efficiency, and …
ITC Board Greenlights Demerger of Hotels Business: A Strategic Shift in Corporate Focus ITC’s demerger strategy involves segregating its hotels business from its non-hotel businesses. The demerger is expected to create separate entities, optimizing operational efficiency and facilitating focused growth strategies for each division. ITC’s New Direction as it Streamlines its Hotel and Non-Hotel Segments …
1 Lakh Notices Sent by FM for Non-Filing of Returns and Misreporting Income In a significant move to curb tax evasion and non-compliance, the Finance Ministry has issued a staggering 1 lakh notices to individuals suspected of not filing their income tax returns and misreporting their income. As authorities intensify their efforts to strengthen tax …
Chinese Investment Scam in India 15,000 Indians Lose Over ₹700 Crore The Chinese investment scam that unfolded in India has brought to the forefront the urgent need for investor awareness and vigilant scrutiny of financial schemes. With over 15,000 Indians falling prey to this massive fraud, the implications are far-reaching, and the loss of ₹700 …
Government Approves 8.15% Interest Rate on Employees’ Provident Fund for 2022-23 In a significant decision benefiting millions of employees across India, the government has given the green light for an 8.15% interest rate on the Employees’ Provident Fund (EPF) for the financial year 2022-23. The approved interest rate is expected to provide considerable financial relief …