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The Economic Times Quant Mutual Fund issues clarification on Sebi probe in front-running case

Sebi suspects that either a dealer from Quant or a broking firm through which the fund house places orders was leaking information about the trades. The regulator has conducted search and seizure operations in Quant's Mumbai headquarters and at the address of the suspected beneficiaries in Hyderabad.

The Economic Times Ecommerce sellers count on cash-flow gains from GST cut

Recommendations by the GST council aim to benefit suppliers on online platforms and real money gaming firms through tax changes, including a reduction in tax collected at source for electronic commerce operators.

The Economic Times Retro tax waiver set to ease gaming companies Rs 1 lakh core tax pain

The Goods and Services Tax (GST) council's recommendation to allow the government to overrule retrospective tax demands could resolve pending indirect tax cases worth ₹1 lakh crore against companies in India's cash-rich real money gaming (RMG) sector.

The Economic Times PM Modi may give SCO Summit a skip amid strained China ties

Prime Minister Narendra Modi may skip the July 3-4 Shanghai Cooperation Organisation (SCO) Summit in Astana amid chill in ties with China. He may depute external affairs minister S Jaishankar to represent India.

The Economic Times Brookfield targets USD 10 billion investments in renewable sector

​​The 25 GW portfolio is spread across operational, under-construction and late-stage assets. Operational assets are at 8 GW, up from 300 MW at the end of 2017. ​Adani Green currently has the largest renewable portfolio of 11 GW operational assets and aims to hit 50 GW by 2030.

The Economic Times Hinduja rejigs fundraise plan for Reliance Capital deal

Hinduja Group, the winning bidder for Reliance Capital, is reworking its fundraising plan to raise ₹7,500 crore from domestic and overseas private credit funds at 15%. The Reserve Bank of India seized control of Anil Ambani-owned Reliance Capital due to governance concerns. Nageswara Rao Y was appointed as the administrator.

The Economic Times MDL in advanced talks with Defence Ministry for Rs 35,000 crore Kalvari submarine deal

MDL in advanced talks for a potential ₹35,000-crore deal to acquire three larger, modern Kalvari-class submarines with advanced electronics and propulsion for the Navy, ensuring 60% indigenous content.

The Economic Times Kamdhenu Group foresees strong growth in steel industry, backed by government initiatives: CFO

Harish Kumar Agarwal says recent upgrades in manufacturing facilities and strategic partnerships have significantly strengthened the company's market position.

The Economic Times 53rd GST council meeting: Tax experts praise recommendations for simplifying compliance and easing business burdens

Led by Finance Minister Nirmala Sitharaman, the 53rd GST Council meeting on Saturday introduced pivotal reforms aimed at simplifying GST processes, waiving penalties, extending ITC deadlines, and implementing a sunset on anti-profiteering provisions. These measures have been widely praised by tax experts for their potential to enhance compliance and reduce financial burdens on businesses.

The Economic Times Reliance shareholders approve retail unit's $4 billion lease to Jio Financial

JFS plans to acquire equipment worth 360 billion rupees from Reliance Retail, as the financial services provider plans to enter the device leasing business.

The Economic Times India’s ‘sin’ is govt’s bounty: GST cess may deliver Rs 70,000 cr bonanza

The Centre is anticipating a significant surplus of approximately Rs 70,000 crore from GST compensation cess collections, even after repaying loans taken during the Covid-19 period on behalf of states. This unexpected windfall is due to robust collections from sin goods like pan masala, cigarettes, and automobiles. Officials suggest that this surplus could allow for early loan repayments and still leave a substantial amount for other uses.

The Economic Times Silver's the new gold as startups rejig CXO portfolio

Many startups, particularly those gearing up for public listing, now consider youth and experience a winning combination. Having experienced leaders instills confidence in investors and markets, who view it as an indicator of stability and potential for success, said company founders and industry watchers.

The Economic Times RBI to ease compliance burden while fine tuning regulations to address evolving risks

RBI Governor Shaktikanta Das emphasized the importance of strong governance and resilient financial systems at the global conference on financial resilience. Highlighting new guidelines set for release next month, Das noted the need for clear roles and responsibilities for boards and executive management, balancing business growth with robust risk management to ensure long-term success

The Economic Times Pre-Budget meeting with FM: Tax sops, higher capex, stable tax regime top industry wishlist

Budget expectations: Indian industry and financial institutions had their customary pre-budget consultations with Finance minister Nirmala Sitharaman on Thursday. The suggestions from India Inc included tax sops, capex boost as well as tax stability.

The Economic Times Tax anomalies for make in India: Imported raw materials taxed more than finished goods

The Indian industry manufacturing data cables have increased production capacity significantly in the past decade. Nil duty against import of data cables had been put in place because the industry did not have the capacity earlier to meet our own requirements domestically.