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

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

RBI cuts CRR to unlock Rs 2.5 lakh crore liquidity for banks

Reserve Bank on Friday decided to cut Cash Reserve Ratio (CRR) by a huge 1 per cent, which will unlock Rs 2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy. Illustration: Uttam Ghosh/Rediff

Flipkart gets lending licence from Reserve Bank

Flipkart has received a lending licence from the Reserve Bank of India (RBI), the Walmart-backed ecommerce company confirmed on Thursday. Photograph: Abhishek N Chinnappa/Reuters The nod came in March this year, according to sources. When contacted about the grant of

OpenAI says India poised to be AI talent powerhouse

India has always led in developer talent and now has a strong opportunity to lead in AI talent, OpenAI Global Chief Strategy Officer (CSO) Jason Kwon said on Thursday as the ChatGPT-maker launched OpenAI Academy in partnership with IndiaAI Mission.

Foreign fund inflows, ICICI Bank and RIL boost markets

Benchmark equity indices Sensex and Nifty ended higher on Thursday, driven by buying in blue-chip stocks ICICI Bank and Reliance Industries amid fresh foreign fund inflows and firm global market trends. Illustration: Dominic Xavier/Rediff Rising for the second straight day,

Market volatility slows MF investor additions

New  investor additions by mutual funds (MFs) have slowed dramatically in recent months, indicating that market correction and a rise in volatility are somewhat dimming the appeal of equity schemes. Illustration: Dominic Xavier/Rediff MFs have onboarded 300,000 new investors in