financial reporting

New Delhi, April 6 Bank of Maharashtra (BoM) on Monday said it has registered a total credit growth of 22 per cent to Rs 2.92 lakh crore in the fourth quarter ended March 2026.The outstanding credit was Rs 2.40 lakh crore at the end of the January-March quarter of the previous fiscal, BoM said...

Mumbai, April 4 – HDFC Bank reported on Saturday a widening gap between credit and deposit growth in the March quarter, as strong loan expansion continued to outpace relatively slower deposit mobilization, keeping the bank's credit-deposit ratio elevated.According to an exchange filing, the...

New Delhi, April 2 A Rajya Sabha member from the Rashtriya Janata Dal (RJD) raised concerns on Thursday about a significant shortfall in the central government's transfer of collection funds to designated funds, citing a Comptroller and Auditor General (CAG) report that revealed lapses spanning...

New Delhi, April 2 Core4 Engineers, a company based in Mysuru and specializing in EPCC (Engineering, Procurement, Construction, and Commissioning), has filed its draft papers with the BSE's SME platform to raise funds through an initial public offering (IPO).According to the Draft Red Herring...

New Delhi, March 31 The state-owned Central Bank of India announced on Tuesday that it has received a demand notice of ₹296.08 crore from the Income Tax Department for a shortfall in tax payments for the fiscal year 2025."The bank has received an assessment order under Section 143(3) read with...

Mumbai, March 31 – The Securities and Exchange Board of India (SEBI) has initiated regulatory action against Elitecon International Ltd after finding prima facie evidence of a "pump and dump" scheme in the company's shares.The capital markets regulator observed that the stock surged more than...

Mumbai, March 30 The net sales growth of select non-government, non-financial (NGNF) public limited companies edged up to 7.8 per cent during 2024-25 from 6.3 per cent in the previous year, the RBI said on Monday.The sales growth of the manufacturing and services sector increased to 6.3 per...

New Delhi, March 25 – The Life Insurance Corporation of India (LIC) announced on Wednesday that it had received a substantial tax demand from the Income Tax Department for the financial year 2021-22.In a statement filed with regulatory authorities, LIC said that the Income Tax Department's...

New Delhi, March 23 – To promote ease of doing business and reduce compliance burden, the government on Monday proposed a series of amendments to the Companies and LLP laws, including changes in CSR norms, decriminalisation of procedural defaults, flexibility in share buybacks, and relaxations...

New Delhi, March 23 The capital markets regulator, Sebi, on Monday eased certain reporting requirements by removing the mandatory reporting of demat accounts and relaxing norms for bank account disclosures.The changes are aimed at enhancing regulatory efficiency, as well as to promote ease of...

179 Government-Owned Companies Lack Female Directors, Government Says New Delhi, March 23, 2026 – As many as 179 government-owned companies, including public sector enterprises (PSEs), do not have a female director on their boards, the government stated on Monday.Under the Companies Act, 2013...

Sebi Introduces Draft Abridged Prospectus to Simplify IPO Disclosures New Delhi, March 23 – The Securities and Exchange Board of India (Sebi) has introduced a draft abridged prospectus to provide a concise, standardized, and investor-friendly summary of IPO offer documents.Key Features of the...

Tata Capital Faces ₹413 Crore Tax Demand for FY18, Plans Legal Challenge Reassessment Order Issued by Tax Authorities Tata Capital has received a reassessment order from tax authorities demanding ₹413.18 crore for the financial year 2017-18, according to a regulatory filing. The order was issued...

Trenzet Infra Files DRHP with SEBI for IPO, Plans Fresh Issue and OFS New Delhi, March 22: Railway-focused EPC company Trenzet Infra Ltd has filed its draft red herring prospectus with the Securities and Exchange Board of India to raise funds through an initial public offering.IPO Structure...

NCLAT Grants CSR Exemption to IL&FS Red and Amber Companies Amid Debt Resolution Tribunal Relief Covers Around 50 IL&FS Entities Under Moratorium New Delhi, March 22: The National Company Law Appellate Tribunal (NCLAT) has granted relief to IL&FS Group companies classified under the ‘red’ and...

Income-tax Rules 2026 Notified: Government Sets Framework for New Tax Regime from April 1 CBDT Releases Detailed Rules for FY 2026-27 with Focus on Transparency and Compliance New Delhi, March 20: The government on Friday notified the Income-tax Rules, 2026, paving the way for the rollout of the...

New Delhi, March 19 ICICI Bank said on Thursday that tax authorities have issued a demand notice of ₹768.6 crore against it for alleged short payment of GST.On March 18, 2026, ICICI Bank received an order under Section 74 of the Maharashtra Goods and Services Tax Act, 2017, from the Additional...

IDFC FIRST Bank Pays ₹645 Crore to Clients Linked to Chandigarh Branch Incident Additional Claims Increase Compensation Amount IDFC FIRST Bank on Tuesday said it has paid a net principal amount of ₹645 crore to clients in connection with an incident at one of its branches in Chandigarh, revising...

Block, Inc. to Cut Over 4,000 Jobs as AI Push Fuels 25% Stock Surge Block, Inc., the financial services company co-founded by Jack Dorsey, announced on Thursday, February 26, that it will lay off more than 4,000 employees, reducing nearly half of its workforce. Following the announcement, the...

Sedemac Mechatronics IPO to Open on March 4; Price Band Set at Rs 1,287–1,352 Per Share Sedemac Mechatronics will launch its initial public offering on March 4, aiming to raise Rs 1,087 crore through a public issue structured entirely as an Offer For Sale. The price band for the IPO has been...