Kotak Mahindra Bank CEO Ashok Vaswani to step down after term ends; lender begins succession search Kotak Mahindra Bank on Saturday said its Managing Director and Chief Executive Officer Ashok Vaswani will not seek reappointment after his current term ends on December 31, 2026, citing personal reasons, prompting the private sector lender to begin the…
Businesses shifting their principal place of business to a new GST jurisdiction will not have to restart pending tax proceedings, with the Central Board of Indirect Taxes and Customs (CBIC) clarifying that the new jurisdictional authority will take over and complete all ongoing cases from the stage at which they were left, reported PTI.The clarification…
Industrial profits rose 21.1% in May from a year earlier, easing from a 24.7% increase in April, according to data released by the National Bureau of Statistics (NBS) on Saturday. China’s industrial profit growth slowed for the first time in six months in May, signalling that stronger exports and higher factory-gate prices were not enough…
The AI investment boom is “generating tremendous valuations” for companies in US stock markets and countries such as South Korea, creating a wealth effect that could add to price pressures, Gourinchas said in an interview with Bloomberg News. Artificial intelligence (AI) could fuel inflation not only by pushing up the cost of semiconductors and technology…
India joined 34 other countries in backing a US-led initiative to build trusted and resilient supply chains for artificial intelligence (AI), signing the Joint Statement on AI Opportunity at the second Pax Silica Summit in Washington on Thursday. India joined 34 other countries in backing a US-led initiative to build trusted and resilient supply chains…
According to the report, India’s MSME credit gap stood at around Rs 25 lakh crore as of March 2025. India’s digital payments ecosystem may be among the world’s most advanced, but millions of small businesses continue to struggle for access to formal finance, with only 14 per cent of micro, small and medium enterprises (MSMEs)…
New Zealand foreign minister and New Zealand first leader Winston Peters has accused the National Party-led government of ‘covertly’ introducing immigration changes that unfairly target Indian citizens under the proposed India-New Zealand Free Trade Agreement (FTA), while the government has rejected the allegations as misinformation.In a series of posts on X and later during the…
PPI captures the prices relevant for the production process without being complicated by inclusion of indirect taxes net of subsidies or wholesalers’ margins. (AI image) By DK Srivastava, Chief Policy Advisor, EY IndiaConventionally, in India, two major price indices namely Wholesale Price Index (WPI) and Consumer Price Index (CPI) have been prepared periodically. The WPI…
Make use of FTAs, other schemes to boost shipments, government tells businesses NEW DELHI: Govt has asked businesses to make use of the free trade agreements (FTAs) and schemes beyond interest subsidy, which are part of the Export Promotion Mission to boost shipments from the country. Commerce and industry minister Piyush Goyal had met export…
US judge: No quick dismissal of Adani case A US judge ordered the Justice Department on Friday to justify its decision to drop criminal charges against Indian billionaire Gautam Adani, declining to rule immediately on Adani’s lawyers’ request to dismiss the case.Brooklyn-based US District Judge Nicholas Garaufis said federal prosecutors’ May 18 announcement that they…
