I-T raids on loan agent raise kickback concerns

I-T raids on loan agent raise kickback concerns

[ad_1] NEW DELHI: Income tax raids on a direct selling agent (DSA) for loans of NBFCs and private banks in Hyderabad have blown the lid off suspected kickbacks to bank and company executives by the agency and raised calls for a nation-wide check on an industry-wide practice.The loan agent, booking revenue, mainly via commissions, of…

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‘AI’ washing machine to smart TV: Premium carts drive festive sales

‘AI’ washing machine to smart TV: Premium carts drive festive sales

[ad_1] Representative AI image via Lexica MUMBAI: Premium products like AI-enabled washing machines, and ‘smart’ ACs continue to drive festive shopping demands, outpacing the mass segment.Brands are rolling out offers and flexible payment schemes to soften the impact of inflation and get more customers to shop as the mass segment shows signs of recovery. Besides,…

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Government banks on homegrown cos to push EVs

Government banks on homegrown cos to push EVs

[ad_1] NEW DELHI: Six months after launching the EV policy, allowing lower duty imports for companies that commit to make in India, the government has decided against aggressively courting the likes of Tesla, VinFast, Mercedes and BMW due to lukewarm response to the regime. Besides, lobbying by Indian players that have invested in creating a…

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