Business

Permission to charge more than 30% interest on credit card dues, NCDRC’s decision rejected

The Supreme Court has set aside a 16-year-old decision of the National Consumer Disputes Redressal Commission (NCDRC). Under this decision, charging excessive interest on credit card dues by banks was termed as unfair trade practice. After this decision of the Supreme Court, banks have now been allowed to charge more …

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Lorenzini Apparels postponed the decision to issue bonus shares, great return of 5200% in 5 years

Smallcap company in textile sector Lorenzini Apparels has decided to postpone for the time being the proposal related to issuing bonus shares and increasing the authorized share capital. This decision was taken in the meeting of the Board of Directors of the company held on 25 December 2024. After this, …

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