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Input Tax Credit Clash: WeWork India Faces Heavy GST Penalty, Plans To Fight Back

WeWork India has received a tax order from the CGST Gurugram Commissionerate alleging excess input tax credit claims between April 2019 and March 2023. The order demands recovery and imposes penalties totaling over โ‚น13 crore, though the company plans to appeal and expects no material financial impact.

  • Updated: March 30, 2026 22:55
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Overnight Relief, Steady Horizons: Bank of Maharashtra Trims Short-Term Lending Rate

Bank of Maharashtra has announced a revision in its Marginal Cost of Funds Based Lending Rate (MCLR), effective March 31, 2026. The overnight MCLR has been reduced, while other tenors remain unchanged, signaling a calibrated approach to lending rate adjustments in the current financial environment.

  • Updated: March 30, 2026 22:46
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PNB Holds Rates Steady, Lending Stability a Borrowerโ€™s Best Friend

Punjab National Bank (PNB) has announced that its Marginal Cost of Funds Based Lending Rates (MCLR) and Repo Linked Lending Rate (RLLR) will remain unchanged from April 1, 2026, signaling stability in borrowing costs for retail and corporate customers.

  • Updated: March 30, 2026 22:36
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282 Crore Tax Twist For Prism Johnson, Company Gears Up For Legal Challenge

Prism Johnson Limited has disclosed that the Income Tax Department has raised a demand of Rs 28,23,82,920 for AY 2024-25. The company plans to appeal the order, asserting that the disallowances made were unjustified.

  • Updated: March 30, 2026 22:24
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Oil India Limited (OIL), a Maharatna PSU, and CSIRโ€“Institute of Minerals and Materials Technology (IMMT), designated as the Centre of Excellence for Critical Minerals under the National Critical Mineral Mission (NCMM), formalized the agreement on March 30, 2026. The signing ceremony was attended by senior leadership from both institutions, underscoring the strategic importance of this partnership. Research Collaboration For Critical Minerals The MoU sets the stage for joint R&D projects in exploration, extraction, and processing of critical minerals vital for Indiaโ€™s energy transition, advanced manufacturing, and technological innovation. National Mission Alignment This partnership directly supports NCMMโ€™s objectives of securing critical mineral supply chains, reducing import dependence, and fostering indigenous technological capabilities. Key Highlights * Oil India and CSIR-IMMT signed MoU on March 30, 2026 * Focus on joint R&D in critical minerals * CSIR-IMMT recognized as Centre of Excellence under NCMM * Collaboration supports Indiaโ€™s energy transition and resource security Sources: Oil India Limited press release
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R R KABEL Faces Income-Tax Demand For FY 2022-23

Updated: March 30, 2026 21:20

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