In a letter to Narendra Modi, the FPCE has demanded the government from yielding to the pressure from real estate developers and amend the Insolvency
The board of Dewan Housing Finance (DHFL) has been superseded by the Reserve Bank of India (RBI) on governance-related concerns and payment defaults. “The Reserve Bank has
By Shritama Bose & Malini Bhupta The Reserve Bank of India (RBI) said on Wednesday it had superceded the board of DHFL (Dewan Housing Finance Corporation) and
The smaller businesses with annual turnover of less than Rs 5 crore are hit by the recent change in Goods and Services Tax (GST) rule,
The National Company Law Appellate Tribunal (NCLAT) has turned down a plea of the Singapore-based DBS Bank, seeking a bigger share of proceeds from the
Smaller business entities are often associated with the informal sector and widely believed to dodge taxes and bypass tough labour regulations. However, an increasing number of firms
The exit of independent directors from India Inc. boards has gained momentum, with the number more than doubling in the first six months of this financial year.
Fraudsters are smarter than regulators and target companies, often banks. While fake security papers and bogus letters of credit are the mainstay of old-world dodgers,
The decision by four private insurance companies to opt out of the government’s flagship crop insurance programme — the Pradhan Mantri Fasal Bima Yojana (PMFBY) — is least surprising.
The debt-ridden telecom industry, looking for financial relief from the government, has got a two-year moratorium in making payments for past spectrum auctions. The Union Cabinet on
The Supreme Court judgment in the Essar Steel case has restored the primacy of the committee of creditors (CoC), settling the contentious issue of the
Workers in Videocon’s largest plant in Aurangabad, Maharashtra roamed the streets during Diwali days to collect alms worth Rs 721 to send to former owner
Chennai: The real estate sector has filed 115 insolvency cases till September and $1 billion has already been transacted under stressed asset deals in 2019. Corporates