Crude prices ease marginally on Monday Oil prices found marginal relief on Monday as concerns over global energy supplies eased with more crude entering the market. Additional shipments from the Middle East, along with the Group of Seven’s decision to release oil from emergency reserves, helped offset concerns over possible further damage to energy infrastructure…
Honda Motorcycle & Scooter India (HMSI) logo NEW DELHI: Honda Motorcycle and Scooter India (HMSI) expects a stronger festive season than last year, but rising material costs are putting pressure on profitability, president and CEO Tsutsumu Otani told TOI.The company is seeing growth alongside an expanding motorcycle market, with dealers anticipating robust festive demand. However,…
Anup Bagchi has been appointed as the next managing director and CEO of HDFC Bank MUMBAI/NEW DELHI: In late August, a day or two before Sashidhar Jagdishan announced his decision against seeking a fresh term, ICICI Life Insurance CEO Anup Bagchi received a call on his mobile. It was a surprise call from HDFC Bank…
MUMBAI: Advance growth continued to outstrip deposit growth at several banks in the second quarter of FY27, with loan books expanding at a double-digit pace across public sector and mid-sized private lenders despite efforts to accelerate deposit mobilisation.Provisional business updates for Q2FY27 show advances growing between 13% and 29% year-on-year across the banks, with smaller…
NEW DELHI: The GST Council should speed up refunds and address issues around accumulation of input tax credit, including for services and capital goods, while also allowing companies to take credit for expenses related to travel and insurance, EY India chairman & CEO Rajiv Memani said ahead of Wednesday’s meeting.Several of these issues are expected…
MUMBAI: The era of falling interest rates that began in February 2025 is likely to end this week, with bankers and economists expecting RBI to raise the repo rate by 25 basis points. The last increase came in February 2023, ending a tightening cycle that began after Russia’s invasion of Ukraine.In February 2025, RBI cut…
File photo: Shaktikanta Das NEW DELHI: The Indian economy is within striking distance of 8% growth, on the back of GST and banking reforms, flexible inflation targeting, digital payments and fiscal prudence, a top PMO official said Sunday.“Many of the reforms undertaken over the past decade were not designed as one-off measures, but as strategic…
File photo: Union finance minister Nirmala Sitharaman (Picture credit: PTI) India’s ambition to become a Viksit Bharat requires an economy in which enterprises of every size can grow, wherever they begin. Over the past 12 years, our govt has worked to create those conditions. GST’s introduction in 2017 established a common national framework for indirect…
The biggest proposed change is in doing away with the power to arrest, which rests with the court instead of officials, as is the case for some offences (representative image) NEW DELHI: GST Council looks set to unveil a series of ambitious reforms that will cover the whole field of processes: from faster registration to…
GST Council likely to consider proposals on arrest powers, ITC, prosecution threshold and more The GST Council may consider a package of GST process and enforcement reforms at its October 7 meeting, including a proposal to take away the power of tax officers to arrest taxpayers and require judicial authorisation for any arrest.The Council may…
