Microfinance institutions (MFIs) need to rebuild credibility and confidence to achieve sustainable growth, a joint study by consultancy firm PwC and Sa-Dan, a self-regulatory organisation (SRO) of the sector, said. Microfinance, which is principally underpinned by trust among the stakeholders, who are the borrowers, field officers and lending institutions, has...

GST on Rental Services in India: A Comprehensive Guide Rental services are an essential aspect of the Indian economy, and the Goods and Services Tax (GST) has a significant impact on this sector. As a senior chartered accountant, I will provide an in-depth analysis of GST on rental services in...

Groww Mutual Fund has announced the launch of two new passive investment schemes – the Groww Nifty Capital Markets ETF and the Groww Nifty Capital Markets ETF FoF. The new fund offer (NFO) of both the funds is open for subscription and will close on November 28. Also Read |...

Buying a plot of land can quickly turn from a significant milestone in life into a tax nightmare if you come under the tax department’s radar. Receiving a tax notice on land purchase however isn’t automatically a result of wrongdoing. “Land purchases above ₹30 lakh are mandatorily reported to the...

Star Air, the aviation arm of the Sanjay Ghodawat Group (SGG), has completed the first tranche of its Rs 350 crore Series B funding round, raising Rs 150 crore from a consortium of marquee investors including Micro labs Ltd, Deepak Agarwal of Bikaji foods and others. This marks Star Air’s...

Allstate India has announced two new executives to lead its next phase of growth. Shibu Mathew Zacharia was appointed Vice President and Managing Director,, and Ankita Agrawal was named head of human resources. Shibu Mathew Zacharia leads Allstate India’s vision to drive business growth and organisational excellenceZacharia, who joined in...

India’s National Commodity and Derivatives Exchange (NCDEX), an online marketplace for agricultural commodities, has secured board approval to launch an electronic platform for mutual fund distribution, sources told Bloomberg. The platform aims to expand mutual fund access to the investors who are particularly in Tier-2 and Tier-3 cities, where NCDEX...

The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (“Black Money Act”) was enacted with a clear goal — to unearth undisclosed foreign income and assets and discourage tax evasion. Fast forward 10 years and its implementation has sparked serious concerns about fairness and proportionality,...

India’s credit market grew rapidly, yet its debt recovery system lagged. Even with the rise of digital payments, lenders still struggle with a collections system that is disorganised, lacking clarity, responsibility, and regulatory control. Former udaan leaders Ranjan Agarwal and Neeraj Kulkarni noticed this mismatch early and created Collectedge to...

New Delhi: International Finance Corporation (IFC), part of the World Bank Group, has invested ₹285 crore (about $33 million) in Axis Max Life Insurance Limited through long-term subordinated instruments, its first investment in a licensed Indian life insurer. This will support Axis Max Life’s solvency margin and power its expansion...

JioBlackRock Mutual Fund has unveiled the maiden portfolio of its flexi cap fund – JioBlackRock Flexi Cap Fund, managed through the Systematic Active Equity (SAE) approach. This marks the fund’s first update since its NFO. According to the data disclosed by the fund house, the flexi cap fund holds around...

The Central Board of Direct Taxes (CBDT), issued a notification on October 27, 2025, empowering the Commissioner of Income Tax (CPC), Bengaluru, to exercise concurrent jurisdiction under Section 154 of the Income-tax Act, 1961. This is for fixing obvious mistakes in cases where orders were made through the interface between...