Digital lending platform Kissht, operated by OnEMI Technology Solutions, plans an IPO to raise ₹850 crore for its lending subsidiary. Despite strong AUM and customer growth, elevated NPAs and a heavy reliance on unsecured personal loans pose risks. Investors may await financial stability post-listing.Read More
Sebi has fined Axis Trustee Services ₹10 lakh. The penalty is for not promptly disclosing a ruling against former REIT executive Aravind Maiya. The National Financial Reporting Authority found Maiya guilty of misconduct. This information was crucial for unitholders and stock exchanges. Axis Trustee’s delay in disclosure led to the regulatory action.Read More
Foreign investors have sold Indian stocks worth over ₹1.8 lakh crore in 2026. This outflow exceeds 2025’s total. A weak rupee, high oil prices, and fewer AI investment chances are driving this trend. This selling is the most in the first four months of any year. South Korea and Taiwan saw more foreign interest due to AI and semiconductor themes.Read More
The Delhi High Court ruled shareholders do not own company assets. They only own shares. Therefore, they cannot be taxed on a company’s income. Dividend income may be taxed. The court dismissed appeals by the Income Tax Department. It upheld a tribunal’s order. Shareholders were not beneficial owners of company assets.Read More
The Indian rupee hit a record closing low of 94.85 against the US dollar on Wednesday. High oil prices and consistent dollar demand pressured the currency. The Reserve Bank of India intervened to support the rupee. Analysts expect continued volatility driven by crude oil prices and capital flows. The rupee is facing selling pressure at stronger levels.Read More
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