29 C 
Surge in dollar influx prompts Federal Reserve to reduce short-term rates
Large banks secured significant dollar deposits, easing short-term borrowing costs for smaller institutions. This influx of funds has boosted banking system liquidity considerably in recent months. However, longer-term borrowing costs are hardening due to hawkish monetary policy signals. Markets anticipate potential interest rate hikes in the near future. This outlook is influencing investor decisions on longer-dated debt instruments.
Air India receives delivery of fourth custom made B787-9 Dreamliner as VT-AWD lands in Delhi
Air India welcomed its fourth Boeing 787-9 Dreamliner aircraft to Delhi. This new addition supports the airline's ongoing fleet modernization and transformation program. The aircraft will serve passengers on medium and long-haul international routes. Air India expects more widebody aircraft deliveries in the coming years. Many of the airline's older Dreamliners are also receiving cabin upgrades.
Group entities to reconcile, settle dues with lenders: Essel Chairman
Subhash Chandra, the chairman of Essel Group, reassured lenders regarding the reconciliation of outstanding dues from borrowers. He highlighted that his personal debt stands at zero, backed by 22,000 crore in personal guarantees. The repayment strategy involves Chandra committing 6.25 crore from his own resources, while other entities cover 1,494 crore. Although most amounts have been repaid, some lenders are challenging the NCLT-approved plan and are considering appeals.
Maharashtra effect: Hotels, eateries in Delhi push for stricter audits
Following intensified FSSAI inspections in Maharashtra and concerns raised about two Delhi hotels, restaurateurs and hoteliers in the Delhi NCR area are proactively circulating FSSAI checklists for comprehensive internal audits. This initiative emphasizes the importance of stringent quality control measures and proper vendor registration. Members are encouraged to maintain heightened awareness regarding food safety and ingredient sourcing as authorities tackle the issues flagged by the food safety regulator.
'Many deals over $10 billion amid conflicts... this is astonishing': JPMorgan chief Anu Aiyengar
Deal-making momentum is driven by available financing and open markets, while M&A activity focuses on large strategic deals. Private credit has seen a correction, which is seen as healthy for markets. High US yields influence sponsor math, but monetization and exits remain key constraints. Hyperscalers' AI financings involve third-party capital, assessing cash flows and guarantees. Companies are given leeway on AI spending, with accountability expected by 2027.
HDFC Bank eyes revival after peers outperform
Govt plans to start recovery 7 years after deepwater explorers begin production
The government will support deepwater exploration through 2030-31 with significant funding. About forty-three thousand crore rupees will fund sixty deepwater well drillings. Investment recovery will occur after seven years or half development cost recoupment. Industry members suggested alternative recovery timelines and methods. This scheme aims to reduce exploration risks and boost oil output.
Hollywood set for record India box-office glory
NEET-PG exam in Jaipur rescheduled to September 5 after power outage
Due to ongoing power outages and candidate protests stemming from system crashes, the NEET-PG 2026 exam originally scheduled at Jaipur's Sitapura center has been rescheduled to September 5. The National Board of Examinations in Medical Sciences confirmed this change, promising that candidates will soon receive new admit cards along with venue information. Officials are currently reviewing the system's inability to manage the exam's requirements.
Here's how to invest your retirement corpus to keep income steady but still earn from your money
Retirement planning requires a thorough analysis of goals, financial status, and lifestyle aspirations. It's crucial to prepare for emergencies while balancing risk in your portfolio, gradually shifting from equities to safer options as you age.
Banks look to push prudent borrowing for small loan-takers
Banks and credit firms will launch a responsible borrowing campaign to curb bad loans. This initiative aims to promote financial discipline among young borrowers. The campaign will address risks from rapid digital credit growth and predatory apps. It will also focus on improving credit history and timely payment knowledge. The government is pushing youth awareness on financial discipline and credit scores.
IPOs are booming, but 37% fell below issue price: 6 red flags to check hiding in the RHP
Since IPO-bound companies do not have a listed-market track record or exchange trading history, investors largely have to depend on information provided before the listing
Sugar prices have remained steadily over 60 per kg in most retail markets across India today on 30 August. This high price stability comes despite several steps taken by the central government to check rise in cost, according to official data.
Uzbekistan has joined the list of countries that is set to adopt the UPI, the Ministry of External Affairs announced today after PM Narendra Modi's two-day official visit to the Central Asian country.
Taxpayers with business or professional income cannot switch between the old and new tax regimes every year. Form 10-IEA is required for the switch, with restrictions on re-entering the old regime. Here's what taxpayers filing ITR-3 and ITR-4 need to know for AY 2026-27.
Odisha govt employees who default on court-ordered alimony or maintenance payments may now have the amount deducted directly from their salaries. The payment will be transferred to beneficiaries, with cases integrated into the states HRMS for automated compliance.
Innovation funds invest in companies driving new technologies and disruptive trends. The category has seen varied performance over the past year, with some funds delivering strong double-digit returns. However, none of the funds posted a negative return during the period.
A diversified portfolio can perform very differently depending on how you split your money across Indian equities, debt, gold and US equities. Heres what 16 financial years of data, from FY2011 to FY2027 year-to-date, reveal about the returns across these asset classes.
Air India B787 engine shutdown: GE expanded inspections after 2023 incident, DGCA tells CIC
The disclosure comes before the CIC in an RTI case concerning action taken by the aviation regulator after the final investigation report on the uncommanded shutdown of Engine No.1 of Air India's Boeing B787-8 aircraft VT-ANW in Mumbai on August 4, 2023
Want to sell inherited agricultural land? Here are the tax breaks available
Inherited agricultural land can attract capital gains tax if it qualifies as urban agricultural land, but reinvestment in a home, agricultural land or specified bonds can help reduce the tax burden.
GE expanded probe after 2023 Air India incident
Slippages on the Kanpur-Lucknow Expressway suggest design issues, not construction defects. Affected stretches will require rebuilding from the ground up, according to a government official. A preliminary investigation pointed to weak soil and poor drainage as contributing factors. The expressway was executed under a Hybrid Annuity Model, with private developers responsible for maintenance. The central government awaits a final expert report on the expressway's structural integrity.
DA news update: After workers in Punjab undertook a strike on 27 August to push for pending DA and other demands; the state govt has hardened its stance and directed officers to issue notices for unauthorised absences.
Gaurs group buys 35-acre land on the Yamuna Expressway for Rs 700 crore
NCR-based Gaurs Group has acquired about 35 acres of land on the Yamuna Expressway near Noida International Airport for around 700 crore through a private bank auction. The company plans to develop luxury residential projects on the land and expects to launch at least four projects in Noida, Greater Noida and Ghaziabad in the current financial year.
EPFO Employees Enrolment Campaign 2026 aims to widen social security coverage, regularise past compliance and formalise employment. Here are the campaign dates, key benefits and practical takeaways for employers and workers.
Indian Bank to add 100 branches, hire 2,500 as expansion shifts west
Indian Bank plans to open approximately one hundred new branches this year. The bank will also increase its workforce by about two thousand five hundred personnel. This expansion aims to strengthen its presence in Central and Western regions. Asset quality management remains a focus, with targets for reducing NPAs. The lender anticipates its gold loan book will surpass one lakh fifty thousand crore rupees.
Technical glitches mar NEET-PG examination at Jaipur centres; students protest
Technical disruptions at two Jaipur NEET-PG 2026 examination centres caused significant chaos. Candidates reported repeated computer shutdowns and late starts to the crucial medical entrance test. Protesting aspirants questioned the technical arrangements and fairness of the examination process. They demanded an impartial inquiry into the repeated technical glitches. Officials reached the centres to manage the situation and maintain law and order.
Noida Airport is up and running, but the big traffic switch is yet to come
Noida International Airport is experiencing a slower operational start than anticipated. This is due to competition from Delhi's Indira Gandhi International Airport. Connectivity issues and weak airline capacity also contribute to the challenges. The airport developer remains confident in its long-term growth potential. International services are expected to expand in the future.
Smartworks to invest Rs 600cr in FY27 to expand biz, meet rising demand for managed office spaces
Smartworks plans a Rs 600 crore investment this fiscal year for expansion. The company has already secured over 3.5 million square feet of new office space. Smartworks leases entire buildings and transforms them into managed, amenity-rich campuses. Committed contracted revenue stands at approximately Rs 5,400 crores. This expansion aims to meet the rising demand for managed workspaces.
How you invest 1.5 lakh in the Public Provident Fund (PPF) could influence the size of your long-term corpus. Heres what investors should know about PPF investment timing, interest calculation and key rules over 15 years.
Jharkhand Health Department is on high alert for potential H1N1 cases. Health Minister Irfan Ansari directed enhanced surveillance and hospital preparedness across the state. Ten additional beds are reserved in all medical college and district hospitals. Monitoring of Influenza-Like Illness and Severe Acute Respiratory Infection cases is intensified. Health teams will screen individuals at major transit points for immediate care.
Tata's TCE wants private sector to take the nuclear power baton from DAE
Tata Consulting Engineers advocates for the Department of Atomic Energy to focus on strategic objectives. The company suggests greater private sector involvement in nuclear energy development. This shift could accelerate growth, drawing inspiration from ISRO's private sector collaborations. New legislation has opened opportunities for non-state enterprises in nuclear science research. Tata Consulting Engineers anticipates increased revenue from the nuclear sector by FY30.
Indias beauty & personal care market is estimated to get a $42 billion glow-up by FY31
India's beauty market is projected to nearly double to USD 42 billion by 2031. This expansion will make India the fourth-largest global beauty market by 2030. Gen Z and Gen Alpha consumers will drive nearly half of sector spending by 2031. Online sales will increase their market share to 34 percent by 2031. Profitability and repeat orders will determine long-term business value for brands.
Many credit cardholders fall into debt trap because of their habit of paying only the minimum balance, leading to high interest and prolonged repayment. Check 7 strategies to get out of debt trap and ensure quick repayment
HDFC Bank weighing deputy MD Bharucha, outsider for CEO: Report
HDFC Bank is considering Kaizad Bharucha as a potential next CEO. The bank is also seeking an external candidate for the top position. This search follows recent leadership changes and governance concerns. Sashidhar Jagdishan's retirement is scheduled for October after his second term. The Reserve Bank of India must approve the final appointment.
BRICS effect: Delhi luxury hotels sell out, room rates surge ahead of Summit
New Delhi's luxury hotels face severe room shortages and soaring prices. Several top properties show no availability for the upcoming BRICS Summit dates. High tariffs are being quoted for remaining rooms in central Delhi. This event significantly impacts tourists and business travelers planning trips. Demand is expected to remain strong as the summit approaches.
Fevicol maker Pidilite says demand holding steady in Q2; rules out immediate price hikes: MD
Pidilite Industries expects consumer demand to remain resilient despite inflationary pressures. The company does not foresee immediate price increases in the current quarter. Demand trends in July and August are broadly in line with the June quarter. Pidilite remains confident of delivering double-digit volume growth while maintaining profitability. The company is also expanding its international business and manufacturing footprint.
DGCA flagged Tecnam safety concerns weeks before fatal Kanpur crash
The DGCA had previously flagged safety concerns regarding Tecnam aircraft. These issues were raised over a month before the recent Kanpur training plane crash. The regulator had issued specific safety recommendations to flying training organizations. These recommendations followed an earlier crash investigation into a Tecnam P2006T. The DGCA advised immediate implementation of these crucial safety measures.
ONGC explores drillship acquisition/JV for deepwater capacity under Samudra Manthan
ONGC seeks dedicated deepwater drillship capacity for its exploration program. The state explorer issued an expression of interest for rig-broking consultants. This initiative supports the Mission Samudra Manthan national offshore exploration scheme. The government will provide financial support for deepwater exploration wells. ONGC aims to boost domestic oil and gas production significantly.
HDFC Bank CEO search tests governance & investor confidence
HDFC Bank's chief executive will not seek reappointment after October twenty-sixth. This succession occurs amid ongoing governance scrutiny and recent regulatory issues. The bank's shares have significantly underperformed its peers and the broader market. A new leader must restore investor confidence and address business challenges. The transition is crucial for HDFC Bank's future growth trajectory and standards.
Russia is one of the world's top oil producers, so why is it still importing petrol from India
Russia is rationing petrol domestically as Ukrainian drone strikes damage its oil refineries. The nation continues crude oil production while facing domestic fuel shortages. Refineries like NORSI and Perm have halted operations after recent attacks. Russia is now importing finished petrol, notably from India. This situation highlights the strain on Russia's fuel processing infrastructure.
Park Medi World to expand hospital network across north India, add 1,450 beds by FY28
Park Medi World plans to add 1,450 beds by FY28, expanding its northern India network. The hospital chain focuses on Tier 1, 2, and 3 cities for efficient scaling. Acquisitions will target hospitals with 200-250 beds, expandable to 350. The company reported record net profit and revenue in FY26. Park Medi World is also adopting cleaner energy systems across its facilities.
Sukanya Samriddhi Yojana: Can you open an account if your daughter has turned 10?
Sukanya Samriddhi Yojana has a clear age cut-off for opening new accounts. Know the SSY eligibility rules, deposit limits, maturity period, interest rate and what happens after a girl turns 10.
Equity mutual funds delivered up to 7% returns last week. Check top 10
Equity mutual funds posted mixed performance last week, with 426 of 621 funds delivering positive returns between August 24 and 29. Nippon India Taiwan Equity Fund topped the list with a 6.56% gain, while the other top performers, including international, healthcare, contra and momentum funds, delivered returns over 2.40%.
Jindal Stainless expanding coin blanks manufacturing capacity by 20% to meet demand
Jindal Stainless supplies unstamped coins to Indian, French, Finnish, Polish, Dutch, UKs Royal Mint, Malaysian and Slovak mints, official says
Tata Motors expects strong demand for its electric commercial vehicles to continue growing. The company anticipates resolving battery cell supply issues by the quarter's end. Significant electric commercial vehicle orders were secured in the first quarter. Further opportunities are expected from the government's PM-eBus Sewa program. Total cost of ownership parity supports the growing demand for electric models.
From hidden spare keys to unrecorded ownership, Gurugram-based real estate firm Shail Homes shared what new owners must do immediately to truly secure their new investment.
These 5 flexicap funds delivered up to 15% CAGR in 3 years. Do you own any?
These five flexicap mutual funds delivered strong returns over the past three years, with annualised returns ranging from 18.1% to 20.2%, according to ET Wealth data as of August 19, 2026. Bank of India Flexi Cap Fund topped the list with a 20.2% CAGR, followed closely by Motilal Oswal Flexi Cap Fund at 20.1%.
To maintain coverage and protect No Claim Bonus, vehicle owners should renew their insurance before expiry since delayed renewal can lead to financial repercussions. Timely renewal safeguards against untoward accidents.
The 8th Pay Commission may consider higher annual increments alongside a revised fitment factor. While a higher fitment factor could boost basic pay immediately, 5% or 7% increments may deliver stronger salary growth over time.
India's aviation boom faces turbulence amid safety concerns
India's airline sector faces significant safety and financial challenges. Recent incidents have exposed regulatory and operational shortcomings at major carriers. Geopolitical events and rising fuel costs have further strained airline finances. These issues impact expansion plans and the industry's global reputation. The market's duopoly complicates efforts to address these systemic problems.
Is longevity the new flex? Why the new wellness status game is all about health data
Wellness has shifted from luxury retreats to daily personal management and longevity. Wearable technology now tracks health markers, encouraging consistent self-care habits. Fitness goals are increasingly performance-driven, moving beyond aesthetics and appearance. Nervous system regulation through breathwork and sound baths is gaining prominence. This new focus emphasizes consistent, unglamorous daily habits for long-term health.
Young investors do not necessarily need to avoid debt mutual funds, even if they can take higher equity risk. Experts explain how debt can provide stability, liquidity and diversification based on financial goals and investment horizons.
A 1 crore home loan for 20 years can cost significantly more as interest rates rise. Here is a simple comparison of EMI, total interest and repayment at rates from 7% to 10%. Before locking in on any home loan offers it is wise to carry out proper due diligence.
From crypto bets to SIPs, young India finds its money habit
Young investors are embracing Systematic Investment Plans for disciplined wealth creation. Data shows a significant rise in SIPs among those under thirty years old. Fintech platforms are observing increased SIP adoption across various asset classes. Parents are also initiating SIPs for their children's future education needs. This growing SIP habit faces challenges from market volatility and investor education.
Amex Cardholders have until 11:59 PM on 29 September 2026 to maximise the programme.
Can a credit report mistake raise your loan cost? Expert explains what borrowers should know
Credit report mistakes can affect how lenders assess borrowers and potentially influence loan eligibility, interest rates and terms. Heres how to spot inaccurate information, dispute errors and protect your credit profile before borrowing.
Buying life insurance online? Beware of fake policy offers, phishing links and payment scams
Buying life insurance online can expose customers to fake policies, phishing links, payment fraud and impersonation scams. Experts explain the warning signs and simple steps to protect your money, personal information and insurance policy.
A tax notice issued in a deceased taxpayers name should not be ignored by legal heirs. Heres what heirs need to know about registering as a legal representative, responding to notices and handling tax dues or refunds.
Bank holidays this week: Banks will remain open for 5 to 6 days this week. Closed on 4 September for Janmashtami in various cities and on 11 September for elections in Jaipur. Check RBI holiday calendar here.
How to spot IPO red flags before you invest
IPO activity is heating up, but investors need to look beyond the hype. Heres how to use an IPO's red herring propsectus to assess financials, governance, valuation and other warning signs before subscribing.
Govt employee died in a naxalite bomb blast in 2003. His widow received an ex gratia payment and a seven-year family pension. She sought an extended pension based on a 2005 government policy. The Patna High Court ruled the policy could not be applied retrospectively. Read the article to know more.
25,000 monthly savings: How to balance SIPs, stocks and FDs for growth and safety
Investing 25,000 every month? Learn how to balance mutual fund SIPs, stocks, fixed deposits and safer assets based on your financial goals, risk appetite and investment horizon.
Temasek backs Singapore Airlines to fly long haul with Air India
Temasek has shown its support for Singapore Airlines' investment in Air India amidst rising concerns regarding the Indian carrier's financial downturn. Following its first quarterly loss since 2022, Singapore Airlines is looking for substantial new equity from its stakeholders. Temasek perceives this investment as part of a broader long-term strategic vision.
Automakers widen powertrain bets as petrol dominance weakens
Indian automakers are expanding powertrain options as petrol's market share declines. New models offer electric, hybrid, and plug-in hybrid choices to consumers. CNG and diesel technologies also remain relevant in this evolving market. Carmakers are hedging bets due to buyer preference uncertainty. This complex transition offers customers diverse mobility pathways.
HDFC Bank CEO Sashidhar Jagdishan to step down in October
Ending all speculation over extension, Jagdishan has told the board he won't be seeking reappointment. The bank will now fast-track the successor selection process.
Air India teases another new Boeing 787-9 from Everett
Air India has teased the arrival of another Boeing 787-9 Dreamliner aircraft. This development marks another step in the airline's ongoing fleet transformation plans. The carrier is also refurbishing its existing legacy Boeing 787-8 aircraft with upgraded cabins. By the end of 2026, nearly sixty percent of its widebody fleet will feature modern interiors. This signals a milestone in strengthening its international long-haul market position.
India weighing steps to help Nepal with more power
India is processing requests for increased power flow to Nepal. Nepal seeks advance import approvals effective September due to flood damage. Flash floods caused significant infrastructural damage to Nepal's power generation units. India's national grid capacity can absorb the temporary shortfall seamlessly. Major cross-border transmission corridors remain operational and projects continue on schedule.
On September 1, LPG and ATF prices, along with banking charges, may change. Consumers should check local prices and bank fees to avoid unexpected costs. Important tax deadlines also impact taxpayers, with August 31 being crucial for return filings and Aadhaar authentication.
Dussehra bonus: Central govt employees demand 3x jump in 7,000 payment ceiling
In a letter to the Cabinet Secretary, the National Council highlighted that the central government's revision of the minimum wage to 21,000 per month alters the calculation formula
In September 2026, banks in India will observe holidays based on regional celebrations, as per the RBI calendar. Customers should confirm local bank schedules before visiting, as not all holidays apply nationwide. Digital services remain available during closures.
EPFO 3.0: Centralised database, more digital and online withdrawal options through UPI and ATM, quicker settlement times and more. Here's a look at the key features, and what changes for subscribers
UPI transaction limits explained: From 1,000 to 5 lakh, how much can you transfer?
NPCI and the RBI have permitted higher transaction limits for certain categories. These include tax payments, initial public offerings (IPOs), hospitals and educational institutions, among others
HDFC Bank CEO Sashidhar Jagdishan set to retire: Finance manager 'Sashi' who rose to corner office
HDFC Bank CEO Sashidhar Jagdishan will not seek reappointment after his term ends this October. He conveyed this decision to the board despite their persuasion efforts. The bank will now fast-track the process of selecting his successor. Jagdishan's tenure included overseeing the significant merger with HDFC Ltd. His departure marks the end of a nearly three-decade association with the institution.
8th pay commission meeting in Jaipur on Monday Here is what's on the agenda and latest updates
The 8th pay commission has scheduled a meeting in Jaipur from 31 August to 1 September to consult with employee groups and stakeholders before finalising recommendations. The announcement is expected latest by May 2027.
Private credit offers up to 22% returns: Why the advertised gains may not be what you get
Private credit offers higher returns but entails significant risks compared to traditional debt investments. Investors must evaluate underwriting practices, fund performance, and fees, while being mindful of liquidity and the impact of taxes on returns.
A Mumbai ITAT ruling has clarified how Section 54 applies when taxpayers invest in two adjacent flats. The Tribunals finding on their amalgamation could offer an important distinction from the rule governing investment in two separate residential houses.
NCRTC signs pact for 110 MW solar plant to meet 60 pc of Namo Bharat corridor's power needs
NCRTC will procure solar power for the Delhi-Meerut Namo Bharat corridor. A 110 MW solar plant will meet nearly sixty percent of electricity needs. This plant, costing Rs 450 crore, will be commissioned within twenty-four months. It aims to reduce operational costs and dependence on conventional power sources. The project is expected to significantly cut carbon emissions annually.
HDFC Bank CEO Sashidhar Jagdishan to retire in October, will not seek reappointment
HDFC Bank's Chief Executive Sashidhar Jagdishan will retire in October. He has decided not to seek reappointment when his current term ends. The bank's board accepted his decision after persuasion efforts failed. Mr. Jagdishan will step down from his services on October 26, 2026. This announcement was made by the lender in a stock exchange filing.
NRI inheritance: You live abroad, your assets are in India which country's laws decide who inherits?
Under Indian law, asset classification dictates which legal framework applies when someone dies without a will (intestate)
Troubled Essel Group and Zee founder Subhash Chandra has claimed that he is running expenses from income generated by renting out a portion of a small residential house that he owns. Here's what we know
Foreign banking firms significantly boosted office space leasing for global centers. This sector's demand for office space rose seventy percent year-on-year. IT and IT-enabled services companies saw a decrease in their office space absorption. Other service companies also increased their office space leasing across major cities. India's commercial real estate market shows a diversified and resilient demand profile.
India's food regulator has banned compounded hing products from Everest and Laljee Godhoo. Samples from Everest were found misbranded and sub-standard, failing alcohol soluble extract norms. Laljee Godhoo's hing also failed quality tests and contained excess starch. Both companies must submit action plans to ensure future compliance. Further action may follow if these companies do not meet standards.
Rima invests in PPF, while Seema opts for an equity SIP. Rima's corpus may reach 32.5 lakh after 15 years, tax-free. Seemas final amount fluctuates based on market returns, potentially achieving up to 46 lakh after tax, highlighting differing investment risk and reward dynamics.
If the collective total of specified excluded pay items exceeds 50% of an employees total compensation, any amount over that 50% mark will automatically be reclassified and treated as wages
Three South Indian medtech startups win HealthSprint 2026
Three innovative South Indian medtech startups, BioCipher Labs, Prodancy, and Mykare.ai, have triumphed in the HealthSprint 2026 initiative organized by Israel in collaboration with GINSERV. Their creative pitches impressed judges, earning them a unique opportunitya fully funded week-long program in Israel. Here, they will dive into the Israeli healthcare landscape, unlocking new global market avenues. This collaboration is paving the way for advancing healthcare innovation on an international scale.
Comedian Samay Raina is facing criticism for remarks made about people from Bihar and Kashmiri Pandits. Clips of the exchange from India's Got Latent, Season 2, circulated widely on social media. BJP MLA Ram Kadam condemned the statements, calling them attention-seeking and disrespectful. Reactions from the Kashmiri Pandit community were mixed regarding the comedian's jokes. The episode also featured an exchange about vlogging with Archana Puran Singh.
GST Council's 57th meeting to be held on September 12, officers' meeting on September 11
The 57th Goods and Services Tax Council meeting will convene on September 12, 2026. An Officers' Meeting will precede it on September 11 in New Delhi. Details regarding the venue and agenda will be communicated shortly. The memorandum has been sent to various government offices and state finance ministers. The GST Council is India's apex indirect tax decision-making body.
Zee founder Subhash Chandra's next move: An investment job in Switzerland
Subhash Chandra plans a professional role with Swiss investment firms. He will use his remaining Rs 6.5 crore for a repayment plan. Creditors will recover a fraction of their Rs 22,006.57 crore claims. The insolvency case stemmed from a personal guarantee for a loan default. Chandra expressed confidence in earning again and pursuing new ventures.
