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Goldman Sachs appoints Sudarshan Ramakrishnan and Devarajan Nambakam as the co-heads of Investment Banking in India

Goldman Sachs appoints Sudarshan Ramakrishnan and Devarajan Nambakam as the co-heads of Investment Banking in India

Goldman Sachs has appointed Sudarshan Ramakrishnan and Devarajan Nambakam as the co-heads of its investment banking business in India, the company said in a statement on Monday. The firm also said Sunil Khaitan has joined it as managing director and head of financing in India. Another senior banker, Kamna Sahni will also join Goldman Sachs …

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Who is Shashi Kataria, the CA who joined crisis-hit Quant Mutual Fund as its new CFO?

Who is Shashi Kataria, the CA who joined crisis-hit Quant Mutual Fund as its new CFO?

Quant Mutual Fund (MF) has announced the appointment of Shashi Kataria as the new Chief Financial Officer (CFO), effective from July 1. Kataria replaces Harshal Patel, who resigned from the fund house due to personal reasons. The fund house posted on social media platform X that Harshal Patel tendered his resignation on February 19, with …

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How to download Form 16A from the TRACES website, SBI, HDFC Bank, ICICI Bank

How to download Form 16A from the TRACES website, SBI, HDFC Bank, ICICI Bank

The Form 16A is a TDS Certificate that shows all TDS amounts submitted to the Income Tax Department. When non-salary payments like TDS professional fees, rent, and bank interest are made, the deductor provides a “TDS Certificate” to the IT Department. Form 16 A downloaded from TRACES are considered as valid TDS certificates. Form 16 …

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Budget 2024: 45-day payment rule for MSMEs must come to an end, industry says

Budget 2024: 45-day payment rule for MSMEs must come to an end, industry says

The 45-day payment rule for MSMEs, which came into effect on April 1 this year, has caused more distress than relief for the industry and needs to be relaxed, say stakeholders. Jayanth Mutha, Director of agri-electrical company Himlite Products, says while the intention was correct, the scheme has failed sorely. “There is a big necessity …

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Tax authorities bowl a GST googly to AIFs

Tax authorities bowl a GST googly to AIFs

Mumbai: India’s $100-billion private equity and venture capital world is in the crosshairs of the goods and services tax (GST) office. About a dozen such alternative investment funds (AIFs) have recently received notices, with the revenue department questioning why their schemes, housing the fund pools, are not registered under GST. These funds raise huge money …

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Quant Mutual Fund clarifies CFO resigned in February before Sebi’s raid

Quant Mutual Fund clarifies CFO resigned in February before Sebi’s raid

Quant Mutual Fund, which has been under Sebi’s investigation in a suspected front-running case, has informed investors that its Chief Financial Officer (CFO) Harshal Patel resigned in February before the market regulator’s raid last month. “Shashi Kataria has been appointed as Chief Financial Officer, Operations Head and Executive Director of Quant Money Managers Limited with …

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Now paying income tax through select credit cards can be rewarding; know how to pay income tax through credit cards

Now paying income tax through select credit cards can be rewarding; know how to pay income tax through credit cards

The burden of paying a huge amount as income tax can be challenging for some people and may even be unmanageable at times due to cash flow issues. In such situations, using a credit card to pay income tax can be beneficial. Additionally, specific credit cards may provide appealing reward points when used to pay …

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Budget 2024: Agriculture & FMCG sectors seek better infra & tech to help farmers tackle climate change, inflationary pressures

Budget 2024: Agriculture & FMCG sectors seek better infra & tech to help farmers tackle climate change, inflationary pressures

The agriculture and FMCG sectors have requested the government to use the budget to address the challenges they face due to drought, climate change and inflationary pressures. The requests were made during pre-budget consultations with Finance Minister Nirmala Sitharaman. The minister is scheduled to present the Union Budget on July 23, after presenting an interim …

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Four PSU banks pay Rs 6,481 cr dividend to Govt

Four PSU banks pay Rs 6,481 cr dividend to Govt

Four public sector banks, including Canara Bank and Indian Bank, on Wednesday presented dividend cheques worth Rs 6,481 crore to Finance Minister Nirmala Sitharaman for financial year 2023-24. “Smt @nsitharaman receives a dividend cheque of Rs 2,514.22 crore for FY 2023-24 from Shri Debadatta Chand, Managing Director & CEO -@bankofbaroda,” the finance ministry said in …

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Mutual fund SIPs hit new high of Rs 21,260 crore in June, cross Rs 1 lakh crore mark in 2024

Mutual fund SIPs hit new high of Rs 21,260 crore in June, cross Rs 1 lakh crore mark in 2024

The monthly SIP contributions remained above Rs 20,000 crore in June. Specifically, mutual fund (MF) SIP contributions totaled Rs 21,260 crore in June, up from Rs 20,904 crore in May. The total systematic investment plan (SIP) contributions for the first six months of this year have surpassed the Rs 1 lakh crore mark, reaching Rs …

Mutual fund SIPs hit new high of Rs 21,260 crore in June, cross Rs 1 lakh crore mark in 2024 Read More »