Profit by knowlytics
In a sweeping operation, the Income-tax Department has searched Dentsu Media Group’s offices throughout India. The focus primarily lies on several entities connected to this Japanese advertising giant’s operations. Following an investigation into transactions within an Indian subsidiary, Dentsu has contested claims of ₹522.8 crore concerning purported goods and services. As the investigations proceed, the…
In a bid to boost climate and transition finance, banks are pressing for a lower cash reserve ratio for green deposits. Presently, estimates show that these deposits fall short of the necessary critical mass. A decreased CRR could significantly cut funding expenses and unlock capital for loans, as India strives for substantial investments to fulfill…
CPP Investments has committed around ₹2,070 crore ($215 million) to NIIF Infrastructure Fund II, strengthening its partnership with NIIF. The fund will invest in India’s infrastructure sector, focusing on long-term growth themes including urbanisation, digitalisation and the energy transition.
New Delhi has reduced export duties on petrol, diesel, and aviation fuel. The levy on petrol exports is now ₹1.15 per litre, a significant decrease. Diesel export duty sees a marginal reduction to ₹25 per litre. Aviation turbine fuel exports will now face a ₹19 per litre windfall tax. These revised rates will take effect…
In India, passenger vehicle sales achieved impressive double-digit growth last month, spurred by automakers ramping up factory dispatches to prepare for rising market demand. Maruti Suzuki celebrated its best sales performance in August, attributing the surge to tax reductions and declining interest rates. Similarly, Tata Motors and Mahindra & Mahindra also enjoyed notable increases in…
Indian banks have lowered interest rates on foreign-currency deposits significantly. This action follows the closure of the Reserve Bank of India’s special swap window. Banks offered unusually high rates to attract overseas funds during the ten-week period. This special facility enabled lenders to provide substantially higher returns to depositors. The strong inflows prompted the RBI…
HC orders PCMC to declare land reservation for Kasarwadi road lapsed
Next-Gen Birthmark Clinic in the offing at Bharati Hospital in Pune
Two minor boys detained for possessing firearm
Three-day ‘The Schools of India Summit 2026’ will be held from Oct 30