Breather for Infosys, DGGI closes Rs 32,400 cr GST case

The Director General of GST Intelligence has closed pre-show cause notice proceedings against Infosys for financial years 2018-19 to 2021-22, involving a GST amount of Rs 32,403 crore, the company said in a statutory filing. Illustration: Dado Ruvic/Reuters With the

Foreign investment in Indian corporate bonds hits 10-year high in May

Foreign investment in bonds issued by Indian corporates touched a 10-year high in May at Rs 20,996 crore, driven by $3.35 billion fundraise by the Shapoorji Pallonji (SP) group, which saw infusion from Deutsche Bank, BlackRock, Morgan Stanley, Davidson Kempner,

No GST return filing 3 years after original date

GST Network on Saturday said beginning the July tax period, GST taxpayers will not be able to file monthly and annual GST returns after three years of the original filing due date. Illustration: Dominic Xavier/Rediff The July 2025 tax period

PNC Infratech wins ₹240 crore flyover project from Rajasthan PWD

Infrastructure company, PNC Infratech Ltd, on Saturday (June 7) announced the receipt of a Letter of Acceptance (LoA) from the Public Works Department (PWD), Rajasthan, for the construction of a flyover project in Bharatpur city. “…we are pleased to inform

Asian Paints, Tata Exlsi, Adani Ports among 30 stocks to trade ex-dividend next week. Do you own any?

Dividend Stocks: Major companies like Tata Investment Corporation, Adani Ports & SEZ, Asian Paints, Tata Exlsi, and Adani Enterprises are among others that will trade ex-dividend in the week starting Monday, 9 June 2025.  Also Read | Bajaj Finance board

Mukesh Ambani donates Rs 151 crore to his alma mater

Reliance Industries chairman and managing director Mukesh Ambani announced an unconditional grant of Rs 151 crore to his alma mater the Institute of Chemical Technology, Mumbai. Ambani had graduated from ICT in the 1970s. He spent over three hours on

Sebi attaches bank, demat, MF accounts of Mehul Choksi to recover Rs 2.1 cr dues

Markets regulator Sebi has ordered the attachment of bank accounts and shares and mutual fund holdings of absconding diamantaire Mehul Choksi to recover dues totalling Rs 2.1 crore in a case of violation of insider trading rules in the shares

India’s forex reserves drop $1.24 bn to $691.49 bn

India’s forex reserves dropped by $1.24 billion to $691.49 billion for the week ended May 30, the RBI said on Friday. Photograph: Dado Ruvic/Reuters The overall reserves had jumped by $6.99 billion to $692.72 billion in the previous reporting week.

RBI cuts repo rate to boost growth, home loan borrowers get relief

The Reserve Bank of India (RBI) cut interest rates by more than expected 50 basis points on Friday, a third consecutive reduction, and unexpectedly reduced the cash reserve ratio for banks to provide a major liquidity fillip to support the

Dow jumps 500 pts on solid jobs report, S&P 500 touches 6,000 level

US Stock Market Live: Wall Street stocks surged on Friday, with the S&P 500 breaking above 6,000 after a stronger-than-expected jobs report and easing tensions between President Trump and Elon Musk. The Dow jumped over 500 points (1.3%), the S&P