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Govt takes first steps towards a domestic firm to take on global Big Four

Industry professionals welcome move, but point to onerous regulatory hurdles, such as a block against multi-disciplinary collaboration and advertising, that need to be tackled first

Cabinet approves 3% DA hike for central govt employees, pensioners

The combined impact on the exchequer on account of increase in both DA and DR would be ₹10,083.96 crore per annum

Fiscal deficit widens to 38% of BE on higher capex, weak taxes: CGA

India's fiscal deficit rose to 38.1 per cent of FY26 budget estimates in April-August, driven by higher capital expenditure and muted revenue receipts, CGA data showed

FM Nirmala Sitharaman to inaugurate Kautilya Economic Conclave on Oct 3

The fourth Kautilya Economic Conclave will open Oct 3 with Finance Minister Nirmala Sitharaman inaugurating the three-day event on prosperity in turbulent global times

Reforms to boost growth, but tariff suspense a risk, says FinMin

Finance ministry warns tariff risks could hit jobs and consumption, while GST rationalisation and reforms are seen as key to sustaining India's growth amid global uncertainties

Govt to borrow ₹6.77 trillion in H2; share of ultra-long-term bonds reduced

Borrowing in H2 includes issuing of ₹10,000 crore through sovereign green bonds (SGrBs)

SC overturning order in BPSL case a course correction for IBC: Experts

The SC has also addressed the issue of delays in the IBC due to litigation and extensions, which stand in the way of implementing a successful resolution plan

India's resilience stands out amid global uncertainty: FM Sitharaman

Finance Minister Nirmala Sitharaman says India's resilience is built on strong fundamentals, reforms and governance, urging banks to maintain robust balance sheets and consumer trust

Lenders ask Vedanta, Adani to revise Jaiprakash bids, detail funding plans

Lenders have asked Vedanta, Adani and other suitors for Jaiprakash Associates to submit revised bids and prove funding strength amid debt and asset viability concerns

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