Despite the issue being flagged in many quarters, a large number of vacancies in the company law tribunals remains unfilled, resulting in a slowing of the process of insolvency resolution. This was highlighted by the Supreme Court while ordering the liquidation of grounded Jet Airways. “One another serious issue pertaining to the functioning of the
RITES Ltd, the engineering consultancy arm of Indian Railways, is aiming to increase the ratio of export in total revenue from under 1% now to 20-25% in the next three years and sustain it at that level, chairman and managing director Rahul Mithal told FE. “In the past 9-10 months, we’ve received orders worth Rs
India has the option to take up the matter of sanctions on 24 companies by the US with the World Trade Organisation (WTO) or International Court of Justice (ICJ) but is is more likely to engage in direct diplomacy with Washington to address its concerns, according to a report. Th country may seek exemptions for
While residential property sales saw a decline in Q3 of 2024, office leasing is going strong in top cities of the country. Anshul Jain, chief executive, India, Southeast Asia and APAC tenant representation, Cushman & Wakefield, shares his outlook for different property segments in an interaction with Raghavendra Kamath. What is the outlook on office
The ministry of coal has terminated the coal block development and production agreement on the Banai- Bhalumunda coal block with JSW Steel due to non-payment of performance security, the termination order available on the ministry’s website showed. As a result, the Rs 100-crore bid security submitted by the Sajjan Jindal-led steelmaker stands forfeited as damages
Vedanta Limited on Friday released its fiscal second quarter earnings report with profit at Rs 5,603 crore in comparison to a loss of Rs 915 crore posted during the corresponding quarter of FY24. It reported revenue from operations at Rs 37,171 crore, down 3.6 per cent as against Rs 38,546 crore during the second quarter
An investigation by India’s antitrust body found food delivery giants Zomato and SoftBank-backed Swiggy breached competition laws, with their business practices favouring restaurant chains listed on their platforms, documents show. Zomato entered into “exclusivity contracts” with partners in return for lower commissions, while Swiggy guaranteed business growth to certain players if they listed exclusively on
Aditya Birla Fashion and Retail Ltd (ABFRL) released its fiscal second quarter earnings with a loss of Rs 214.70 crore in comparison to a loss of Rs 200.34 crore recorded during the corresponding quarter of previous year. It posted revenue from operations at Rs 3,643.86 crore, registering a growth of 12.9 per cent as against
Acronis, a global cybersecurity and data protection play, is keen about strengthening its India business. The focus is on the company’s strong growth in India and its advancements in providing cybersecurity solutions tailored to address AI-driven threats. Acronis aims to increase awareness of its commitment to India and targets at least 48% growth in data
Indo Farm Equipment IPO, currently open for its second day of bidding on Wednesday (January 1), has captured significant investor interest with its soaring subscription numbers and a buzzing grey market premium (GMP). Let’s take a closer look at the IPO details and what the market sentiments indicate. Indo Farm Equipment IPO – Grey Market
The year 2025 will see commercial real estate continue to evolve, driven by technological advancements, changing consumer behaviour, and a growing focus on sustainability. The integration of artificial intelligence (AI), Internet of Things (IoT), robotics, and machine learning will improve efficiency and streamline processes. Simultaneously, sustainable certifications will become indispensable for both developers and occupiers
Small savings schemes interest rates for Q1 2025: The Centre has announced interest rates for various small savings schemes for the last quarter (January-March) of the financial year 2024-25. The interest rates have been kept unchanged for various small savings schemes, including PPF and NSC, yet again, an official notification by the finance ministry has
The Indian rupee weakened slightly against the U.S. dollar in early trading on Wednesday, and stood at 85.6725 against the US dollar, down from the previous session’s close of 85.6150. The reason attributed to the weakening is an increase in demand for dollars majorly from importers. The Indian rupee has been under consistent downward pressure
