होम » Breaking Briefs
This is for the first time in recent years that the Income Tax department has enabled taxpayers to file their I-T returns on the first day of the new financial year
HDFC Mutual Fund, India’s third largest fund house, in a notice informed about the decision. It, however, did not assign any reason for stopping the lumpsum investments
Interestingly, in its Trends and Progress report for 2022-23, the RBI has said that the consolidated balance sheet of SFBs expanded at a pace faster than scheduled commercial banks during 2022-23, notwithstanding some moderation during the year.
A few other prominent startups are also exploring big funding deals. These entities are Meesho, Zepto Pocket FM which is an audio streaming platform. There is a feeling among industry experts that the number of deals will rise in the days to come.
On the topic of containing risks from pro-cyclical credit growth, the deputy governor said runaway credit growth coupled with lax credit discipline, or underwriting standards, can usher in disaster for the financial entity concerned and if it spread in the financial ecosystem, it could lead to systemic concerns.
The situation was completely different before the pandemic struck. Rural demand was rising twice as fast as the urban areas. But it decelerated in cities last year until the October-December quarter, when it was recorded at 5.8%. Demand in the urban areas, in contrast, expanded at 6.8%.
Transactions worth ₹19.78 lakh crore were processed during March 2024, higher than the previous peak of ₹18.41 lakh crore in January 2024
The overall passenger vehicle dispatches from manufacturers to dealers last fiscal rose to 42.3 lakh units, an increase of 9 per cent, as compared with 38.9 lakh units in FY2022-23
Homebuyer confidence in Mumbai remains strong while the outlook remains positive leading to a substantial upswing in property sale registrations
The company will raise Rs 1,250 crore through fresh issue of shares and promoters will offload Rs 5,750 cr worth of shares