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India Eliminates Windfall Tax on Petroleum Crude, Keeps Tax on Fuel Unchanged

In a recent government notification, India has announced the elimination of the windfall tax on petroleum crude, reducing it to zero from the previous...

India’s Trade Deficit Narrows to 20-Month Low in April as Imports and Exports Decline

India's trade deficit reached its lowest level in 20 months, amounting to $15.2 billion in April. This decline can be attributed to the decrease...

Former Karvy Group Officials Fined ₹1.9 Crore by SEBI for Misappropriation of Client Funds

The Securities and Exchange Board of India (SEBI), the capital markets regulator, has imposed a penalty of ₹1.9 crore on four former officials of...

PIDF Boosts Payment Acceptance Devices To 1.87 Crore in 2022

Payments Infrastructure Development Fund (PIDF) Scheme: Around 1.87 crore payment acceptance devices deployed under the Payments Infrastructure Development Fund (PIDF) Scheme as of December 31, 2022.

Morgan Stanley Appoints Arun Kohli as New India Country Head

Morgan Stanley named Arun Kohli as the new India head to replace Sanjay Shah, a veteran of 26 years at the firm, who is retiring.

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