ICICI Bank on Thursday said tax authorities have slapped a demand notice of Rs 26.8 crore on it for alleged short payment of GST. Goods and Services Tax (GST) demand of Rs 24.37 crore with a penalty of Rs 2.43 crore was served on December 27, ICICI Bank said in a regulatory filing. Kotak Mahindra […]
Growth in loans given by non-banking financial companies (NBFCs) to the MSME sector was more than three times that of banks, benefitting from their ability to offer customised financing solutions, said the Reserve Bank of India (RBI) on Wednesday. In its latest report on the performance of the banking sector during 2022-23 and 2023-24 so […]
The cost pressures of Divis Labs are easing across major factors, indicating improved profitability going forward. The outlook for contrast media segment remains encouraging, given DIVI’s capability to have better Iodine recovery and limited investment by formulators to manufacture API. The green-field capital expenditure at Kakinada would not only cater to the company’s growth requirements […]
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