'Life insurers to cut costs to grow under new tax regime'

Chennai (IANS) The Indian life insurance sector should address the 'elephant in the room' - high direct and indirect costs- so that it can move out of the shadow of the tax benefits-driven growth model, said Emkay Global Financial Services…

Realme bumps up India hiring, Madhav to still look after India strategy

New Delhi (IANS) As realme's Madhav Sheth accepts the new role of VP for Business and Corporate Strategy (Global), he would still look after the India market which is strategically important for the global technology brand, the company said on…

Total amount of cess and surcharge grew by 63.74% from 2017-18 to 2022-23

New Delhi (IANS) The total amount of cess and surcharge grew by 63.74 per cent from 2017-18 to 2022-23 (RE), the Parliament was told on Monday.

Collections under GST Compensation Cess grew by 107.6 per cent from 2017-18 to 2022-23 (RE), Finance…

Uncertainty, volatility to dominate last week of financial year's trading

It was an extremely tough and volatile week at the bourses. Markets were all over the place and the small net change at the end of the week, does not convey the overall movement or the sentiment that prevailed.

Markets gained on two of the…

Maximum GST compensation cess rate for tobacco products capped

New Delhi (IANS) The government has put a cap on the maximum rate of GST compensation cess to be levied on tobacco products like cigarettes and pan masala, among other items.

The cap is among the 75 amendments made in the Finance Bill, which…

Second G20 Framework Working Group meeting concludes in Chennai

Chennai (IANS) The two-day Second G20 Framework Working Group meeting concluded here on Saturday with members agreeing on the way forward for important deliverables for the year, including those on macroeconomic consequences of food and energy insecurity…

FM reviews PSBs' performance amid banking crisis in US, Europe

New Delhi (IANS) Union Finance Minister Nirmala Sitharaman chaired a meeting on Saturday to review the performance of Public Sector Banks (PSBs) on various financial health parameters.

The Finance Minister underlined that PSBs "must look at…

BYJU's, Aakash deny merger talks with rival Unacademy

New Delhi (IANS) Edtech major BYJU's on Friday denied reports that it is considering a merger of rival Gaurav Munjal-run Unacademy into Aakash Educational Services.

Reacting to a Money Control report which said, citing sources, that SoftBank-backed…

Cash use decline as UPI to drive India's e-com market to reach $150 bn in 2026

New Delhi (IANS) As unified payments interface (UPI)-based transactions continue to break all records, India's e-commerce market is projected to grow from $83 billion in 2022 to $150 billion in 2026, as cash transactions decline further, a report…

Sitharaman to meet public sector banks chiefs on March 25

New Delhi (IANS) Amid the failure of banks in the US and the liquidity crisis being faced by Credit Suisse, Finance Minister Nirmala Sitharaman is expected to meet chiefs of public sector banks on March 25.

This would be the first meeting of…