Page 4 - Ruchika Chitravanshi

Parliamentary panel seeks MCA report on CCI's role in digital landscape

The standing committee chaired by Bhartruhari Mahtab, Member of Parliament in its report tabled in the Lok Sabha during the monsoon session backed the need to have an ex-ante regulatory framework

IBC cases piling up largely due to lack of NCLT Benches, DFS tells MCA

With nearly 15,000 cases pending, the shortage of NCLT benches has raised concerns over prolonged insolvency processes, asset erosion, and delayed resolutions under the IBC framework

FY26 borrowing plan to remain unchanged, says CEA V Anantha Nageswaran

CEA Nageswaran expresses optimism that GDP growth will tend towards upper end of 6.3-6.8%

R&I Japan upgrades India's credit rating to BBB+ with stable outlook

R&I Japan upgraded India's sovereign credit rating to BBB+ from BBB with a stable outlook, citing demographic dividend, resilient domestic demand and fiscal policy progress

Don't hesitate to invest more: FM Nirmala Sitharaman to India Inc

Finance Minister Nirmala Sitharaman asked industry to shed hesitation in investing and expand capacities while partnering with the government to skill youth for faster employment

PM internship scheme pilot likely to be extended for two months

The launch of the full fledged scheme would be based on the feedback received from the stakeholder consultations and evaluation of outcomes during the implementation of the Pilot Project

Reliance on MNCs for strategic audits and consulting must be reduced: MCA

MCA seeks views on regulatory reforms to build Indian multidisciplinary firms and reduce dependence on global Big Four networks

In AI world, regulation must keep pace with tech: FM Nirmala Sitharaman

If technology is on a sprint, regulation should also be on a sprint. We do not want regulation that literally wipes off the technology itself, says FM

CCI seeks Apple's response to final probe report on App Store dominance

The antitrust regulator has also asked Apple to submit global and India financials for 2022-24 as part of its investigation into alleged abuse of dominance

Adani, Jindal, and JSW in fray as 21 bidders file EoIs for GVK Energy

Adani Group, JSW Neo Energy and Jindal Power are among 21 firms that submitted Expressions of Interest for GVK Energy, which is under insolvency proceedings at NCLT

India's reforms give cushion against global uncertainty: CEA Nageswaran

Chief Economic Advisor V Anantha Nageswaran said GST overhaul and structural reforms will strengthen India's resilience to global risks and help meet the fiscal deficit target

GST reforms to boost consumption but limit fiscal consolidation: Moody's

Moody's says GST rate cuts will boost consumption and ease inflation but warns of higher revenue loss, fiscal strain, and weak debt affordability for India

MCA expands fast-track mergers to unlisted firms with loans under ₹200 cr

MCA has widened the scope of fast-track mergers to include certain holding-subsidiary companies and unlisted firms with loans under Rs 200 crore and no defaults

Lenders to vote on Vedanta, Adani bids for bankrupt Jaiprakash Associates

Vedanta has offered Rs 17,000 crore for Jaiprakash Associates' assets, edging Adani's bid, as lenders prepare to vote on revised resolution plans in the insolvency process

Vedanta outbids Adani to buy bankrupt JAL with ₹17,000 crore offer

With net present value of ₹12,505 crore, bid highest recovery plan placed so far

JAL bidders to join challenge auction with ₹12,000 crore floor value

Lenders of Jaiprakash Associates have set Rs 12,000 crore as the minimum bid for a challenge auction on Friday, with five firms including Adani and Dalmia in contention

Rollout of GST reforms to bring transparent economy: FM Sitharaman

The 56th GST Council meeting, scheduled for September 3-4 in New Delhi, is set to discuss one of the biggest tax overhauls since the GST regime was rolled out in 2017

TCA Kalyani takes charge as Controller General of Accounts, Finance

T.C.A. Kalyani, a 1991-batch ICAS officer, has been appointed Controller General of Accounts, bringing her 34 years of experience in key ministries to the Finance Ministry

Impact of 50% US tariff would be concentrated in Q2: CEA Nageswaran

The CEA said that while it was difficult to calculate the precise impact of the US tariff on the growth at this point, the removal of uncertainty can unleash higher growth in the coming quarters

Prebudget meetings for FY27 to start on October 9, Finance Ministry says

The Finance Ministry issued the Budget circular for FY27 announcing prebudget meetings from October 9 to mid-November to review expenditure needs and receipts of ministries