IndusInd Bank on Thursday said its internal audit department (IAD) has found “unsubstantiated balances” of ₹595 crore in “other assets” of its balance sheet, and has also examined the roles of key employees in this lapse. In a regulatory filing, IndusInd Bank said this balance was, later in January 2025, set off against corresponding balances…
The government has withdrawn the security clearance of Turkish firm Çelebi’s Indian airport services arm, citing national security risks and halting its operations at nine airports, including Delhi and Mumbai. In a statement on Thursday, the government said that the Bureau of Civil Aviation Security (BCAS) has revoked with immediate effect security clearance of Çelebi…
The nascent small and medium real estate investment trust (SM Reit) industry suffered a shock when fractional property firm Strata surrendered its licence earlier this week. It’s a strong signal on the regulatory purview of SM Reits. Is this a temporary glitch or a setback? Also Read | How do spy satellites work around the…
New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) has approved 187 startups for income tax exemption under the revamped Section 80-IAC of the Income Tax Act. The move aims to provide crucial fiscal relief to emerging businesses, encouraging innovation and supporting job creation across the country. Also Read | Republican Tax…
Within days of starting the controversy around Celebi India, the ground handling agency (GHA), which is a subsidiary of Celebi headquartered in Turkey, the Bureau of Civil Aviation Security (BCAS) passed an order cancelling the security clearance of Celebi Airport Services India Pvt Ltd with immediate effect. Celebi started operations in India in 2008, starting…
Gujarat-based premium ice cream brand Hocco, founded by the Chona family, has raised $10 million (approx ₹85 crore) as part of a larger $20 million Series B round, co-led by the Chona Family Office and consumer-focused investor Sauce VC. The capital will be used to increase production capacity, expand into new markets across India, and…
OTTplay Premium, India’s leading OTT content aggregator, has joined forces with GTPL Hathway Limited (GTPL), India’s largest Multi-System Operator (MSO) distributing Digital Cable TV services and a key Broadband service provider. This strategic partnership is set to revolutionise India’s digital entertainment landscape by providing OTTplay’s extensive content library to customers. Seamless entertainment with exclusive plans…