Standard Chartered’s India operations saw a 15% rise in profit before tax to $542 million in 2025, driven by lower expenses and provisions, despite a 3% drop in operating income. India climbed to the fourth position in profit contribution, aided by a 24% decline in China profits. Total loans fell 5% to $12.28 billion, while global pre-tax profit increased 16% to $7.90 billion, boosted by a $238 million gain from the sale of Solv India.
DGGI set to fire up GST recovery drive against gaming firms after Supreme Court’s backing
The Directorate General of GST Intelligence will now aggressively pursue tax recovery from online gaming companies after the Supreme Court upheld a 28% GST levy