NEWSLETTERS
MARKET UPDATE: Uday Kotak steps down as Kotak Mahindra Bank MD & CEO
MARKET UPDATE Uday Kotak steps down as Kotak Mahindra Bank MD & CEO In a completely unexpected move, Uday Kotak, MD & CEO of Kotak Mahindra Bank, stepped down on September 2, 2023.Four months ahead of tenure-end; Tendering his resignation to the bank’s chairman in a handwritten letter, he said, “I have mulled over this […]
Read MoreMARKET UPDATE: Indian Cos Can Directly List Overseas Soon: FM
MARKET UPDATE Indian Cos Can Directly List Overseas Soon: FM Finance Minister Nirmala Sitharaman (July 29th) said domestic companies would soon be allowed to directly list their securities on overseas exchanges in specified jurisdictions. Currently, Indian companies are not allowed to directly list their equity shares on foreign stock exchanges without listing in Mumbai. This […]
Read MoreMARKET UPDATE: Direct tax collection in April 1-June 17 rises 12.7%
MARKET UPDATE Direct tax collection in April 1-June 17 rises 12.7% According to CBDT, the figures of direct tax collections for FY24 show gross collection surged to around ₹4.19 lakh crore as against ₹3.72 lakh crore during the corresponding period of FY23. Better compliance and economic recovery helped direct tax collection to surge to almost […]
Read MoreMarket Update: Inflation – 18 month low; India’s growth in real GDP during FY2022-23 is estimated at 7.2%; Gold at an all time high
MARKET UPDATE Inflation – 18 month low; India’s growth in real GDP during FY2022-23 is estimated at 7.2%; Gold at an all time high Inflation : An 18 month low As per data released by the National Statistical Office (NSO) retail inflation eases in the month of April to 4.70 percent. For the second consecutive […]
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