financial year

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    NSFDC Disburses Record Amount, Fuels Caste Community Development

    New Delhi, April 10 – The National Scheduled Castes Finance and Development Corporation (NSFDC) disbursed ₹775.26 crore in FY26, representing a 27 per cent growth over the previous financial year (FY25), an official statement said on Friday.The Public Sector Undertaking (PSU) under the...
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    Infrastructure Finance: IIFCL Expands InvIT Portfolio

    New Delhi, April 5 State-owned India Infrastructure Finance Company Ltd (IIFCL) aims to double its investment in Infrastructure Investment Trusts (InvITs) to ₹6,000 crore during the current fiscal year as part of its investment diversification strategy.IIFCL currently has investments of ₹3,000...
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    Indian Pharma Exports Hit $29 Billion in FY26

    Hyderabad, April 4 Indian pharmaceutical exports reached nearly USD 29 billion by February of this financial year, registering a growth of five percent compared to the same period last year, a top official said on Saturday.K Raja Bhanu, Director General of the Pharmaceuticals Export Promotion...
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    CIL Subsidiaries See Production Drop, Expert Cautions on Storage

    New Delhi, April 2 State-owned CIL subsidiaries Bharat Coking Coal Ltd (BCCL), Central Coalfields Ltd (CCL), Western Coalfields Ltd (WCL), and Mahanadi Coalfields Ltd (MCL) reported a decline in coal production in the recently concluded 2025-26 financial year.This decline in production comes...
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    Simplified Income Tax Rules Launched Alongside New Act

    New Delhi, April 1 India's direct tax system entered a new phase on April 1, 2026, as the Income Tax Act, 2025 officially came into effect.The Income Tax Department announced the rollout through a message on X, calling it a step towards a simpler and more user-friendly tax framework aligned...
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    Tax Provisions Shift: Govt. Implements Finance Act 2026

    New Delhi, March 31 The government has notified the Finance Act 2026, paving the way for changes in tax provisions.This Act implements the financial proposals of the central government for 2026-27, a gazette notification dated March 30 issued by the Ministry of Law and Justice said."The...
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    Tax Law Overhaul: Key Changes for FY27 Including HRA and Derivatives

    New Delhi, March 31 As India approaches the new fiscal year FY27, the country’s direct tax system is set for a major overhaul from April 1, 2026, with the new Income Tax Act, 2025, coming into force – replacing the six-decade-old 1961 legislation and introducing changes in compliance...
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    Income Tax Dept. Announces TDS Deductions on Bank Interest

    Banking Companies to Deduct TDS Only Above Threshold, Clarifies Income Tax Department Definition Under New Income Tax Act, 2025 Aligned With Banking Regulation Act New Delhi, March 30: The Income Tax Department on Monday clarified that banking companies governed by the Banking Regulation Act...
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    April 1: New Financial Rules Impacting Taxes, Travel, and Employees

    India’s Key Financial and Regulatory Changes Effective April 1 Introduction of the New Income Tax Act, 2025 Starting April 1, India will implement the Income Tax Act, 2025, replacing the decades-old 1961 legislation. The new law is designed to simplify taxation by using clearer language and...
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    Updated Sebi Rules for Research Analyst Compliance

    New Delhi, March 25 The market regulator, Sebi, on Wednesday allowed members of the Institute of Cost Accountants of India to conduct the annual audits of research analysts and investment advisors, a move that will expand the pool of eligible professionals.Previously, only members of the...
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    Transitioning to New Tax Act: E-Filing Portal Remains Compatible

    New Delhi, March 23 The Income Tax department on Monday said its e-filing portal will facilitate compliance under the old and Income Tax Acts, and all assessments, appeals, and other proceedings relating to earlier years will continue to be conducted under the old Act until their final...
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    India to Implement New Income Tax Act in Phased Approach

    New Delhi – India will implement the new Income Tax Act, 2025, starting April 1, 2026, but taxpayers will not need to file returns for the current financial year. Returns can be prepared and filed under the existing Income Tax Act, 1961, officials and tax experts confirmed. This approach ensures...
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    Schaeffler India Q4 Results: Net Profit Jumps 36% to ₹322 Crore; Board Recommends ₹35 Dividend

    Strong Q4 Performance Driven by Volume Growth and Exports Schaeffler India Ltd reported a sharp rise in earnings for the fourth quarter of its January to December financial year, reflecting sustained demand and improved operating performance.The company posted a net profit of ₹322.3 crore in...
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    Gaudium IVF IPO Subscribed 7.27 Times on Final Day; Retail and NII Demand Strong

    The initial public offering of Gaudium IVF and Women Health closed on Tuesday with an overall subscription of 7.27 times, reflecting robust investor participation across categories on the final day of bidding.The ₹165 crore IPO attracted bids for 10,63,50,489 shares against 1,46,20,340 shares...
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    YES Bank Targets 1% ROA by Fiscal Year-End, Signals Profitability Milestone

    New Delhi, February 22: YES Bank, the private sector lender that has been steadily rebuilding its financial position, expects to close the current financial year with a Return on Assets of 1 percent, according to its Chief Financial Officer Niranjan Banodkar.The projection marks a significant...
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