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The Economic Times
The Economic Times Last date for income tax audit report: Deadline for tax audit report extended
Income tax audit last date: The tax audit deadline has been extended by CBDT. "Decided to extend the specified date for filing of various reports of audit for the Previous Year 2023-24, which was 30th September, 2024 in the case of assessees referred in clause (a) of Explanation 2 to sub-section (1) of section 139 of the Act, to 07th October 2024," said CBDT.
The Economic Times Security hurdle: Global gear companies' clash with DoT may hit broadband expansion
Officials and industry executives told ET that so far, none of the products have got the security certification. Therefore, unless the issue is resolved, new units of Wi-Fi CPEs and routers needed for broadband expansion won't be available in the Indian market from next month.
The Economic Times Banks look for a way out of UBO tangle
Banks in Mumbai are facing challenges with identifying ultimate beneficial owners (UBOs) of foreign investments due to varying disclosure rules across countries. This issue has been discussed among senior bankers, who believe India's anti-money laundering laws should adapt to different international standards to ensure compliance and transparency.
The Economic Times Burmans demand Rashmi Saluja's removal from Care Health Insurance ahead of AGM amid regulatory scrutiny
The Burman family, major shareholders of Religare Enterprises, has requested the removal of Rashmi Saluja from Care Health Insurance's board. They cite actions by investigative and regulatory agencies against her. The reappointment decision will be discussed at Care Health’s upcoming AGM. Saluja faces allegations including criminal conspiracy and insider trading violations.
The Economic Times Amid turmoil, all eyes on today's Sebi board meet
The Securities and Exchange Board of India (Sebi) is set to hold a crucial board meeting on Monday, following allegations of conflict of interest against chairperson Madhabi Puri Buch. The board may discuss these accusations and issues related to a withdrawn press release on employee matters, although they are not on the official agenda.
The Economic Times IXP companies hiking investments amid data centre boom
As per the Internet Society, India ranks number 2 in Asia on the IXP count metric. But it lags in penetration terms compared to Finland, Singapore, Australia and the UK. For instance, Finland and Singapore have 12.5 and 22 IXPs per 10 million people, respectively, whereas India has only 0.23 IXPs per 10 million people, according to Extreme Infocom.
The Economic Times Upper layer NBFC HDB Financial Services prepares for IPO
HDB Financial Services is preparing to file for an IPO after receiving approval from parent HDFC Bank's board. The Rs 2,500 crore offering includes a fresh issue and an offer for sale. The RBI mandates NBFCs categorised as "upper layer" to list within three years to meet regulatory requirements and enhance transparency. The IPO follows the listing of Bajaj Housing Finance amid rising demand for high-quality businesses in the market.
The Economic Times Accenture’s hiring drive may push other companies
Industry analysts predict that this move by Accenture will encourage other companies to expand their offshore presence as well.
The Economic Times Govt considering foreign investment regulatory mechanism for FDI supervision
The Indian government is considering a foreign investment regulatory mechanism for post-investment review and monitoring. This oversight aims to ensure that FDI benefits the economy and comes from legitimate sources. India has attracted significant FDI due to its large market, stable policies, and skilled workforce.
The Economic Times PLI scheme to bring in estimated investment worth Rs 2 lakh crore: Piyush Goyal
As part of its Atmanirbhar and Make in India plan, the government launched production incentive (PLI) schemes in 14 sectors in 2020, to make Indian manufacturers globally competitive, attract investments, enhance exports, integrate India into the global supply chain and reduce dependency on imports.
The Economic Times Piyush Goyal urges industry to promote Brand India through focus on quality
Marking a decade of Make in India initiative, Commerce Minister Piyush Goyal has urged the Indian industry to focus on prioritising the production of high-quality goods to promote Brand India through sustainable practices.
The Economic Times India has become manufacturing powerhouse: PM Modi hails 'Make in India'
Prime Minister Narendra Modi highlighted the success of the 'Make in India' initiative on its 10th anniversary, noting India's rise as a manufacturing powerhouse. He emphasized the role of youth and local industries in this achievement and urged citizens to support locally made products during the festive season.
The Economic Times Unacademy appoints Abhishek Pipara as CFO for offline centres
Pipara succeeds Prateek Dalal, who joined Unacademy as CFO in January 2024, after previously handling finance at CRED.
The Economic Times RBI expected to start rate cut cycle from December this year: UBS
The Reserve Bank of India's Monetary Policy Committee (MPC) is anticipated to begin easing interest rates in December 2024, according to a UBS report. This expectation arises from an improving domestic inflation outlook, projected to be 30 basis points lower than the RBI's forecast of 4.5% for FY25, along with a global trend of monetary easing.
The Economic Times Angel One settles front running case with Sebi
The regulator had undertaken a detailed investigation by certain entities from January 1,2021 to October 31,2022, who were consistently placing orders ahead of the big clients including Bharat Kanaiyalal Sheth Family Trust in the cash segment and were squaring off the same.
