DOWNLOAD IPFS The Government of India has foregone corporate tax revenues amounting to nearly ₹99,000 crore in the financial year 2023–24, according to Minister of State for Finance, Pankaj Chaudhary. The disclosure was made in the Rajya Sabha on Tuesday in response to a query regarding the revenue impact of[Read More…]

DOWNLOAD IPFS India witnessed a sharp rise in cybercrime in 2024, with over 36.3 lakh financial fraud cases reported, resulting in losses totaling ₹22,845.73 crore, according to the Ministry of Home Affairs. The figures were shared in the Lok Sabha, highlighting growing concerns over digital safety in the country. This[Read More…]

DOWNLOAD IPFS India’s top audit body, the Comptroller and Auditor General of India (CAG), has flagged serious fiscal discrepancies in the central government’s financial reporting for the year 2022–23. The audit revealed that ₹21.3 trillion in tax revenues remained unrealized by the end of the fiscal year, raising concerns over[Read More…]

DOWNLOAD IPFS As India’s leading private sector banks report strong quarterly results, HDFC Bank appears positioned to outpace rivals in profit growth, driven by a sharp rise in its interest-earning assets and robust net interest income (NII). In the first quarter of FY26, HDFC Bank posted a 5.4% year-on-year increase[Read More…]

DOWNLOAD IPFS State Bank of India (SBI) has completed a ₹25,000 crore qualified institutional placement (QIP), marking the largest-ever institutional share placement in India’s capital markets. The bank issued 305.9 million shares to qualified institutional investors at ₹817 per share, slightly below its pre-issue market price. The highly anticipated offer[Read More…]