The finance ministry on Wednesday notified the way deposits made to online gaming platforms and casinos will be treated for tax purposes, clarifying that refunds made to the player will not get any relief on tax. The changes are introduced by amending CGST rules 2017, by way of CGST (Third Amendment) Rules, 2023, which are … Read more
Reserve Bank Governor Shaktikanta Das on Tuesday said the central bank has a commitment to reducing inflation to a target of 4 per cent. Additionally, it will maintain a vigilant stance in monitoring potential risks, particularly as frequent global supply disruptions can significantly impact price management. Shaktikanta Das while delivering a lecture at the Delhi … Read more
Self-regulation is the way to regulate fintech companies, according to Reserve Bank of India (RBI) deputy governor T. Rabi Sankar. Speaking at the Global Fintech Fest on Tuesday, Sankar said that fintech companies are not strictly financial entities and, therefore, the current model of regulation may not apply to these companies. “Regulators and fintech firms … Read more
Nazara has made a preferential allotment to Nikhil Kamath (Zerodha co-founder). Allotment is for Rs 100 cr @ Rs 714/ per share (pre announcement market price was Rs 759.55/ share) Nikhil controlled entities already had a stake of around 1% in the Company and this deal will increase his stake to around 3.5%. He has … Read more
Uday Kotak, Asia’s richest banker by virtue of being the founder of Kotak Mahindra Bank, which he led for nearly two decades, on Saturday announced that he was stepping down as its managing director and CEO four months before the end of his term. The high-profile banker’s decision to become a non-executive director came as … Read more
A list that has evolved over the years. I refer it everytime before buying or selling any stock. Protects me from unforced errors.