PROVISIONS OF THE CUSTOMS ACT
Succession planning: When a family breaks up, how does the business survive?
If the next generation wants to preserve the family business bot not necessarily together, here’s how they can execute the split without impacting the wealth.
Rs. 400 crore of ‘cash’ that existed only on paper: Not for the first time, nor will it be the last
When something is wrong inside a company, the people running it know first. The auditors may sense it next. A regulator might confirm it years later, in an order the public finally gets to read. The ordinary shareholder sits at the very end of that queue, usually learning the truth only after the share price has already delivered its verdict. The value of reading the accounts closely is simple: It is the one way to move a little higher up that queue, while there is still time to act.
Why Nithin Kamath believes NRI investing in India has become easier than ever
Zerodha CEO Nithin Kamath welcomed Sebi's simplified NRI account-opening rules, enabling eligible overseas investors to complete digital KYC within two to three days. Effective December 3, 2026, the framework aims to boost overseas participation in Indian equities.
Budget 2027–28: ASSOCHAM calls for tax reforms to boost investment, manufacturing, ease of doing business and tax certainty
ASSOCHAM has called for a series of Direct and Indirect Tax reforms in the Union Budget 2027–28 to boost investment, strengthen domestic manufacturing, attract foreign capital and improve ease of doing business.
Sebi eases KYC norms for NRIs, OCIs, allows digital onboarding from December 3
SEBI has relaxed KYC requirements for NRIs, OCIs and foreign nationals, allowing eligible overseas clients in FATF-compliant countries to complete onboarding digitally. The revised framework introduces video verification, electronic documents and simplified repeat KYC, effective December 3, 2026.
FICCI makes recommendations to FM ahead of Budget 2027-28, highlights LTCG exemption, TDS relief and faster tax appeals
FICCI has recommended the restoration of long-term capital gains tax exemption on listed shares in Budget 2027-28. The organization highlighted concerns regarding the withdrawal of foreign portfolio investments and the impact of capital gains tax. Additionally, it requested the government to implement lighter TDS rules and resolve backlog issues in tax appeals. FICCI emphasized the need for measures to provide certainty to investors over the long term.
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Insurance agent deposits Rs 35 lakh cash collected from policyholders in his bank account, gets tax notice; he fights and wins in ITAT Jaipur
Policyholders gave Rs 35 lakh cash as insurance premiums which agent deposited in his bank a/c; Income Tax Dept sent agent notice for unexplained cash; he wins case in ITAT Jaipur.
PNB staffer, Pune man arrested in alleged Rs 10.24 crore bank fraud case
An office assistant of Punjab National Bank in Greater Noida and a private individual have been arrested for alleged fraud. The fraudulent activity involved Rs 10.24 crore in unauthorized withdrawals from multiple customer accounts. Punjab National Bank's investigation began after a customer reported suspicious debit transactions in her account. The accused allegedly carried out the transactions over three years using compromised banking credentials.
Bajaj Finserv Q2 Results: Net profit jumps 23% YoY to Rs 2,758 crore, shares rise 2%
Bajaj Finserv Q2 Results: The firm’s revenue from operations, meanwhile, increased around 17% YoY to Rs 43,416 crore during the second quarter of FY27, from Rs 37,215 crore reported in the year-ago period.
GST decriminalisation decisions set benchmark for trust-based governance: CII
The Confederation of Indian Industry praised the GST Council's recent decisions aimed at decriminalising certain offences. The Council recommended raising the prosecution threshold from Rs 1 crore to Rs 5 crore, promoting trust in businesses.
Income Tax 2026: 3 key changes in deductions & exemptions every taxpayer must know
The Finance Act, 2026 outlines significant changes in income tax deductions and exemptions for Tax Year 2026-27. Non-resident individuals will benefit from tax exemptions on foreign-source income for five tax years. Disability pensions are only exempted if individuals are invalided out due to service-related disabilities. Compulsory land acquisition income will also be tax-exempt, clarifying previous ambiguities in the law.
Largescale cyberattacks test the limits of insurance cover
While businesses rush to enhance their cyber insurance cover, the incidents have triggered a debate over whether existing policies adequately cover emerging cyber risks. The biggest question insurers are policyholders seem to be confronting is: who pays when a vulnerability exposes thousands of organisations to the same threat?
Anthropic IPO rocks Indian IT; Why Walmart is in no hurry to list Flipkart
Anthropic’s US IPO filing sent Indian IT stocks lower on Tuesday. This and more in today’s ETtech Top 5.
GST officers must prove intent to evade tax before invoking fraud provision: CBIC
GST officers cannot invoke fraud, wilful misstatement or suppression provisions merely because tax has not been paid or a discrepancy is found, the CBIC has clarified. Such provisions can be used only where there is specific evidence of deliberate intent to evade tax, and that evidence must be clearly set out in the show cause notice.
Rs 435 on Rs 4350: Shangri-La Eros Delhi fined Rs 1 lakh for adding 10% service charge to food bills automatically; CCPA says customers cannot be forced to request its removal
CCPA has fined Shangri-La Eros Delhi Rs 1 lakh for automatically adding a 10% service charge to restaurant bills. The regulator rejected the hotel's argument that menu disclosures and optional labels justified the practice, citing consumer protection guidelines upheld by the Delhi High Court. The hotel had refunded the complainant and stopped the levy from October 1, 2026.
AU Small Finance Bank shares tumble 10% after Q2 results, but Jefferies and Motilal see up to 37% upside
AU Small Finance Bank shares fell up to 10% despite a 53% year-on-year rise in Q2 net profit. Jefferies and Motilal Oswal retained Buy ratings, citing growth prospects, improving asset quality and lower credit costs.
HDFC Bank shares fall 2% after Q2 results. What are Jefferies, Motilal Oswal analysts saying?
HDFC Bank shares fell up to 2% after the lender reported a 4.6% year-on-year rise in Q2 FY27 net profit to Rs 19,510 crore. Jefferies, Motilal Oswal, Systematix and Emkay retained positive ratings, citing margin recovery potential and leadership transition.
Axis Bank shares fall over 4% despite 38% YoY jump in Q2 net profit. Why brokerages are revising target prices
Axis Bank reported a 38% year-on-year rise in standalone net profit to Rs 7,003 crore in Q2 FY27, while net interest income rose 12%. Jefferies retained its Buy rating, while Centrum Broking and Dolat Capital lowered their target prices.
Expired food back on sale? Reliance Consumer, Zomato, Blinkit under Maharashtra FDA scanner
FIR has been filed against officials of Reliance Consumer Products and Zomato Hyperpure. This action follows food stock seizures worth Rs 48 lakh for expired products during an FDA crackdown. The authorities conducted operations across Thane and Pune, uncovering the diversion of expired food through various agencies. Multiple individuals from involved companies were named in the FIR under food safety regulations.
Motor insurers seek third-party premium deregulation, end to knock-for-knock pacts
In responses to the regulator's consultation paper on insurance distribution reforms, some industry participants said automobile manufacturers and dealers influence commissions, discounting and repair costs, which could blunt the impact of the proposed curbs on intermediary remuneration, according to people aware of the matter.
Yes Bank weighs next steps after SC upholds verdict on AT-1 bond write-down
Yes Bank is examining the Supreme Court ruling regarding the write-down of Additional Tier-1 bonds. The Supreme Court upheld a prior Bombay High Court decision that quashed the bank's March 2020 action. Following the judgment, the bank is considering its legal options and future steps. The Reserve Bank of India and Yes Bank had previously appealed the High Court's ruling.
Jio Financial Services Q2 Results: PAT drops 51% YoY to Rs 340 crore; NII soars 165%
Jio Financial Services reported a 51% year-on-year decline in Q2 FY27 profit to Rs 340 crore, despite total income rising 132% and net interest income surging 165%. Its NBFC business delivered 140% profit growth amid expanding financial services operations.
Has government imposed 5% GST on e-commerce delivery services ahead of Diwali? Income Tax Dept says this
Recent speculation on social media suggests that a new GST has been introduced for e-commerce delivery services. However, the Press Information Bureau has clarified that instead, the GST rate has been lowered from 18% to 5%. This amendment was part of the 57th GST Council meeting recommendations, aiming for a standardized tax structure.
RBL Bank shares plunge 8% despite 170% jump in Q2 profit. Should you buy, sell or hold?
RBL Bank shares fell up to 8% despite a 170% year-on-year jump in Q2 FY27 net profit to Rs 481.7 crore. Strong net interest income growth and improved asset quality supported performance, while provisions rose. Nuvama raised its target price to Rs 500, citing the ENBD acquisition and FCNR deposit mobilisation, while Dolat Capital retained its Sell rating with a Rs 320 target.
Stocks in news: HCL Tech, RBL Bank, Nazara Tech, Hero Motors, Power Grid and IRCON
Indian stock markets struggled on Monday, as the Nifty 50 saw a considerable drop. The falls were attributed to increasing bond yields, consistent outflows from foreign institutional investors, and pervasive global concerns. Attention now shifts to forthcoming announcements from major players like HCL Technologies and RBL Bank, with quarterly earnings expected to influence investor outlook.
US moves to stop AI data centres from pushing up household electricity bills. Here's what could change for Americans
As artificial intelligence expands across the US, data centres are consuming more electricity, raising concerns about rising power bills for ordinary Americans. The US House of Representatives is expected to vote on bipartisan legislation, the Ratepayer Protection Act, which aims to make large data centres pay their share of the costs of electricity infrastructure. Here's what the proposed bill could change and what it could mean for household electricity bills.
Everyone looks at 2-wheelers and FMCG. Another set that feels the monsoon’s test: 6 stocks with upside potential of up to 33%
The monsoon is one influence on rural financial health. It is not a complete predictor of what a lender will earn. Whether good rain becomes money in the household’s hand depends on crop prices, irrigation, wages, government transfers, non-farm employment, and how much debt the household already has.Stock Reports Plus, powered by Refinitiv, is a comprehensive report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. The simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
Google Gmail account dispute: Delhi High Court says commercial email services don't qualify as public function
The Delhi High Court has dismissed a petition by Janta Live Press Network seeking restoration of its disabled Gmail account, ruling that providing email services is a commercial activity that does not automatically qualify as a public function. Justice Amit Mahajan said a private entity’s popularity or the importance of its services to a business does not determine whether it falls under writ jurisdiction.
Pitru Paksha 2026: What to Donate, Who Should Receive It and Which Day Is Best? Check Daan Items Before October 10
As Pitru Paksha draws to a close, with Sarva Pitru Amavasya on October 10, 2026, it is a pivotal time for honoring ancestors. Families are encouraged to make donations that prioritize utility over extravagance, such as food, clothing, and other necessities to those in need. Emphasizing the connection to the specific Tithi of each ancestor, it's essential to act compassionately before the end of this sacred observance.
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