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12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
RMG cos reel from GST ruling; new-age firms’ costly rideHappy Friday! The Supreme Court’s latest GST ruling is the final blow for real-money gaming platforms after last year’s ban. This and more ...
From $22 billion to zero: Success, not failure, brought Byju downByju's, once a $22 billion edtech giant, has collapsed. Founder Byju Raveendran faces jail for contempt. The company's downfall stems from ...
Apple names insider John Ternus as CEO, Tim Cook to become executive chairmanApple on Monday named long-time executive John Ternus as its next chief executive officer, marking a leadership change as the company prepa...
PSBs mull portal to verify paper-based bank guaranteesIndian banks are working together to create a unified platform for validating paper-based bank guarantees. The system is designed to curb f...
Govt to introduce Insolvency and Bankruptcy Code amendment Bill in 2nd half of Budget session starting March 9: SitharamanThe Central government plans to introduce the Insolvency and Bankruptcy Code amendment Bill soon. This move aims to improve the insolvency ...
Parliamentary panel moots advance ruling mechanism in IBC framework to tackle litigationsThe panel, in its report, has also recommended setting up a transparent, online mechanism for issuing 'no dues' certificates and statutory ...
FinMin launches BAANKNET, e-BKray to enhance PSU bank e-auctions for asset salesNew Delhi, The Finance Ministry has launched a revamped e-auction portal 'BAANKNET' to enhance transparency and efficiency in disposing of ...
JSW Energy bags KSK Mahanadi for Rs 15,985 crJSW Energy has acquired the bankrupt KSK Mahanadi Power Company for ₹15,985 crore, outbidding Adani Power and NTPC. The acquisition include...
DFS Secretary launches revamped 'BAANKNET' portal for e-auction of properties as one-stop destinationFinancial Services Secretary M Nagaraju launches revamped 'Baanknet' portal for e-auctions. The platform consolidates assets from PSBs, sim...
Creditor-led insolvency framework in the works: IBBI chairman MitalIndia's Insolvency and Bankruptcy Board of India (IBBI) is developing a creditor-led resolution process to expedite the rescue of stressed ...
PSBs working on one platform for consortium lending, NPA recovery"The government has been pushing lenders to look at internal collaboration, create common utilities, and scale them up to improve their per...
Govt working on integrated platform for insolvency ecosystem: OfficialThe government is creating a new platform to improve the insolvency process. The platform will connect key stakeholders like the MCA and IB...
Union Budget 2024: Changes will be made to IBC to strengthen tribunalsFinance Minister Nirmala Sitharaman announced changes to the Insolvency and Bankruptcy Code (IBC) and strengthening of tribunals in the Bud...
Record 273 stressed cases resolved via IBC in 2023The realisation proceeds were to the tune of ₹67,000 crore in 2023 against ₹20,860 crore in 2022, according to the Insolvency and Bankruptc...
Nandan Nilekani-backed ShopX files for bankruptcy“Since the business model has not succeeded, it has not been able to generate enough cash flow from operations or raise new capital and is ...
Govt working to create information system on stressed companiesThe move will help bridge the information gap faced by bidders and is expected to generate more interest from international companies in th...
If India delivers on GDP returns will come: Neeraj Bharadwaj, MD, Carlyle Asia Partners"Carlyle’s India portfolio is doing very well. We have raised a $6.5 billion Asia fund. Our pace of investing in India has been increasing ...
Top stocks in focus on Wednesday, 28 June 2017Here is a list of top stocks that are likely to be in focus in today's trading session.
- Resignations won’t save limited liability partnerships partners
The government has laid down detailed norms in the proposed LLP Bill 2008 for disqualifying a professional or an investor as a partner from...