Tag: India Finance
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TPG Nears 30-40% Stake in IIFL Capital: What It Means for Indian Wealth Management
Overview: A Significant Minority Stake in IIFL Capital Private equity group TPG Capital is reportedly nearing a deal to acquire a substantial minority stake of 30-40% in Nirmal Jain’s IIFL Capital Services. If concluded, the transaction could position TPG as the largest shareholder and potentially influence strategic direction for IIFL Capital’s wealth management and financial…
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GST Revenue FY26 to Exceed Budget Estimates, SBI Research Says
Overview: SBI Research’s View on FY26 GST Collections Indian tax authorities are anticipated to collect more GST revenue in Financial Year 2026 (FY26) than what the budget originally projected. SBI Research has highlighted that even after accounting for the typical gains and losses across states due to policy changes, compliance shifts, and economic cycles, the…
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3-Hour Cheque Clearance: RBI and Banks Roll Out Cheques
What is changing with 3-Hour Cheque Clearance? India’s cheque processing landscape is evolving. The Reserve Bank of India (RBI) has introduced a 3-hour cheque clearance framework, aiming to convert cheque deposits into available cash within a few hours rather than the traditional 24- to 48-hour window. This shift could significantly improve cash flow for individuals…