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ET MSME Awards 2024: Elite jury picks the best of Indian MSMEs

ET MSME Awards 2024: Elite jury picks the best of Indian MSMEs

The much-awaited ET MSME Awards 2024 is just around the corner. This year marks the fifth edition of the ET MSME Awards, which aims to empower and celebrate India’s 64 million micro-, small- and medium-sized enterprises (MSMEs), regarded as the backbone of the country’s economic landscape. The award ceremony is scheduled to take place on …

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Banks write off bad loans worth Rs 16.35 lakh crore in last 10 years

Banks write off bad loans worth Rs 16.35 lakh crore in last 10 years

Banks have written off non-performing assets (NPAs) or bad loans worth about Rs 16.35 lakh crore in last 10 financial years, Parliament was informed on Monday. Highest amount of Rs 2,36,265 crore was written off during financial year 2018-19 while NPAs worth Rs 58,786 crore were written off in 2014-15, the lowest in the last …

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HDFC Mutual Fund launches Nifty Top 20 Equal Weight Index Fund

HDFC Mutual Fund launches Nifty Top 20 Equal Weight Index Fund

HDFC Mutual Fund has launched HDFC Nifty Top 20 Equal Weight Index Fund, a passively managed fund that aims to track the Nifty Top 20 Equal Weight Total Returns Index. The new fund offering or NFO of the scheme is open for subscription and will close on March 21. The scheme could be suitable for …

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Income tax saving: How paying health insurance premium can help you save tax under section 80D for FY 2024-25

Income tax saving: How paying health insurance premium can help you save tax under section 80D for FY 2024-25

Taxpayers who wish to file their income tax return (ITR) under the old tax regime must utilise these last few weeks of March 2025 to the fullest. One of the ways to maximise your tax savings strategy is to utilise Section 80D of the Income Tax Act, 1961. Under Section 80D you can claim a …

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Breaking barriers: How women are redefining and building leadership in tech

Breaking barriers: How women are redefining and building leadership in tech

A decade ago, when I walked into my first major tech conference, I remember scanning the room and realizing I was one of only a handful of women there. The few of us who were present exchanged knowing glances. It was clear we had grown used to navigating spaces where we were outnumbered, underestimated, and …

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IndusInd auditors seek forensic scrutiny of derivatives portfolio

IndusInd auditors seek forensic scrutiny of derivatives portfolio

The joint auditors of the Hinduja Group-promoted IndusInd Bank-MP Chitale & Co and MSKA & Associates-have written to the bank’s board requesting a forensic audit of the derivatives portfolio, highly placed sources within the bank who are privy to the discussions told ET. Following this request, the board has initiated the process of selecting a …

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Baroda BNP Paribas Mutual Fund completes 3 years with over 100% growth in AUM

Baroda BNP Paribas Mutual Fund completes 3 years with over 100% growth in AUM

Baroda BNP Paribas Asset Management has more than doubled its Assets Under Management (AUM) from over Rs 21,000 crore to over Rs 49,000 crore in just three years. This milestone has been achieved by a significant expansion in investment capabilities and reach, reinforcing its position as a leading asset management company in India’s mutual fund …

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Advance tax deadline March 15, 2025: These salaried individuals don’t need to pay the advance tax unless circumstances changed; Know how

Advance tax deadline March 15, 2025: These salaried individuals don’t need to pay the advance tax unless circumstances changed; Know how

Advance tax has to be paid by taxpayers who have a total tax liability above Rs 10,000 in a given financial year. However, salaried individuals whose employer deducts the correct amount of TDS from salary don’t need to pay advance tax. The stress is on the word “correct”, because experts say many salaried individuals struggle …

Advance tax deadline March 15, 2025: These salaried individuals don’t need to pay the advance tax unless circumstances changed; Know how Read More »

Excessive data regulation can impede business expansion of MSMEs, says survey

Excessive data regulation can impede business expansion of MSMEs, says survey

A majority of MSMEs surveyed expressed that excessive regulation over data and digital tools can create constraints for them and deprive them of tech gears necessary for scaling the business and reaching new markets and customers, a report has said. India SME Forum conducted a survey among more than 1,000 MSMEs for insights into the …

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BRISKPE gets RBI in-principle nod for cross-border payments

BRISKPE gets RBI in-principle nod for cross-border payments

Global investment firm Prosus-backed BRISKPE on Wednesday said it has received the RBI‘s in-principle authorisation to operate as a payment aggregator for cross-border (PA-CB) transactions. The authorisation enables BRISKPE to operate as a dedicated PA-CB for both exports and imports under the Payment and Settlement Systems Act, 2007, BRISKPE CEO Sanjay Tripathy, said. As one …

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