RBI eases rules for DIIs to buy bank shares

Under the earlier regime, acquiring a “major shareholding”—defined as 5% or more of a bank’s paid-up share capital, demanded prior clearance from RBI. MUMBAI: RBI has eased rules for large DIIS acquiring shares in banks, allowing eligible mutual funds, pension funds and insurance firms to obtain one-time approval to raise their aggregate holding to 10%…

Read Full News

Sai Pallavi’s net worth: A look at how much the ‘Ramayana’ star earned for her role in the mythological epic |

Picture Credit: Instagram Actress Sai Pallavi known for choosing critically acclaimed projects and natural beauty is gearing up for one of the biggest films of her career with Nitesh Tiwari’s upcoming mythological epic ‘Ramayana’. The actress will be seen playing the role of Goddess Sita opposite Rabir Kapoor portraying Lord Rama and Kannada superstar Yash…

Read Full News

Homebuyer paid Rs 91 lakh upfront for a Rs 1.24 crore property, but circle value rose to Rs 1.46 crore by registration; why ITAT Kolkata gave her tax relief and deleted Rs 11.35 lakh addition

The Tribunal considered both the registered purchase agreement and the conveyance deed executed later. (Image for representative purpose only) You agree to purchase a property and even give a portion of the payment. But by the time the property registration happens, the circle rate in the area has gone up, increasing the stamp duty, which…

Read Full News

“IIT Bombay graduate Shashank Agrawal came from a family earning ₹3,000 a month; when he told his mother about his ₹1.2 crore package, Her pricless reaction was: ‘What, ₹12 lakh?’

From Baran to IIT Bombay, Shashank’s journey involved setbacks, persistence and hard work. For Shashank Agrawal, the news of a crore-plus career package did not immediately register as a number. He first had to explain it to his mother. “When I first told my mother, she said, ‘What, ₹12 lakh? What are you saying?’ Then…

Read Full News