Ankishinde

The Hyderabad bench of the National Company Law Tribunal Friday declared Deccan Chronicle Holdings Ltd.'s former chairman T.V. Reddy bankrupt in personal guarantor insolvency proceedings filed by L&T Finance Ltd. on dues of INR 756.06 million. The tribunal appointed Renuka Devi Rangaswamy as Reddy's bankruptcy trustee to carry out functions as per the Insolvency and Bankruptcy Code, 2016. Reddy was the personal guarantor for financial facilities provided to Deccan Chronicle by L&T Finance.there being no repayment plan submitted by the personal guarantor or any material indicating resolution o

Bank of Baroda has received $29.39 million from the voluntary liquidation of India International Bank Malaysia, in which the public sector lender held 40% stake. we hereby inform that Bank has received an amount of USD 29,391,204.52 from the liquidator towards the interim distribution of capital repatriation on account of Member’s Voluntary Liquidation (MVL) of India International Bank Malaysia (IIBMB), which is a joint venture of three banks namely Bank of Baroda, Union Bank of India and Indian Overseas Bank, in which the share of Bank of Baroda is 40,” the bank said in an exchange filing.

The Delhi High Court Friday issued a notice to the customs department on a plea by InterGlobe Aviation Ltd. seeking refund of INR 9 billion paid as customs duty on reimport of aircraft or aircraft parts into India after their repair outside the country. The high court will hear InterGlobe Aviation's plea against the customs department on Apr. 8.
InterGlobe Aviation argued that the customs duty levied on these reimports was unconstitutional as it amounted to a double levy on the same transaction. The parent company of IndiGo said that it had paid the basic customs duty without any dispute at

The government will likely dilute its stake in three public sector banks--Central Bank of India, UCO Bank, and Punjab & Sind Bank--soon through the offer-for-sale route, a senior finance ministry official said. The move will help these banks meet the Securities and Exchange Board of India's minimum public shareholding norm.

Government will sell stake in these banks over the next few weeks, the official told Informist, without divulging more details.

SEBI rules require all listed companies to have a minimum public float of 25% and currently, four of the 12 public sector banks do not comp

The Securities and Exchange Board of India Wednesday eased regulations of credit rating agencies for ease of doing business. The market regulator has allowed such agencies to carry out rating of financial instruments falling under the purview of another regulator even in the absence of any rating guidelines by the respective regulator.
Currently, even though such agencies rate bank loans under the guidelines of the Reserve Bank of India, they are constrained from rating unlisted debt instruments due to lack of explicit rating guidelines, SEBI said in a press release. "Enabling these ratings

The Securities and Exchange Board of India's board Wednesday permitted debt issuers to offer incentives in public issues to some investors to increase the participation of retail investors. This step is also expected to encourage public issuance of debt securities, the regulator said in a press release after its board meeting.With a view to enhance participation of retail investors in corporate debt market and also to encourage public issuances in the debt market, the Board considered and approved a proposal for amending SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021

The Securities and Exchange Board of India Wednesday has relaxed the threshold for identifying high-value debt listed entities to those having outstanding non-convertible debt of INR 50 billion from current INR 10 billion or more, with the aim to facilitate ease of doing business. “This will make it easier for regulated entities like NBFCs (non-banking finance companies), HFCs (housing finance companies), ARCs (asset reconstruction companies), insurance companies and REITS (real estate investment trusts) to raise funds through corporate bond issuance,” the regulator said in a press release af

The chief negotiators from India and the US have concluded their discussions on the proposed Bilateral Trade Agreement, a commerce ministry official said. The remaining issues now require intervention at the ministerial level, including the commerce minister and the prime minister, the official added.
While the official did not specify the subjects that need ministerial intervention, he said Washington continues to press for concessions on certain crops under the trade deal. "Their demand has mellowed, but they have asked us to consider granting market access for at least some crops," the of

The Lower House of Parliament Tuesday passed the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, which will help revamp India's insurance framework, with a host of changes to the Insurance Act, 1938, the Life Insurance Corporation Act, 1956, and the IRDAI Act, 1999, in order to modernise the sector, widen and deepen coverage and improve regulatory oversight. Most importantly, the bill makes way for raising the foreign direct investment limit in the insurance sector to 100% from 74%, as proposed in the Budget for 2025-26 (Apr-Mar).

The one-day interbank call money rate Tuesday rose to 5.70%, above the Reserve Bank of India’s Marginal Standing Facility rate of 5.50%, the highest since Oct. 29, which was before the RBI cut the repo rate by 25 basis points to 5.25%. The overnight triparty repo rate also hit a high of 5.60% for the second consecutive day in a row Tuesday. Money market rates have surged despite the central bank infusing transient liquidity of around INR 1.52 trillion so far this week. Outflows for tax payments, credit disbursements, and an unexpected fall in the rupee past the key 91 per dollar mark has push

India and the Eurasian Economic Union will hold the next round of free trade agreement talks in February, the commerce ministry said Monday. Russia is India's largest trading partner in the Eurasian Economic Union, which also includes Armenia, Belarus, Kazakhstan, and Kyrgyzstan.
The proposed free trade agreement is expected to expand market access for Indian exporters, support diversification into new sectors and geographies, enhance competitiveness against non-market economies, and deliver significant benefits to micro, small and medium enterprises. India had a total trade of $69 billion w

The Delhi bench of the National Company Law Tribunal has approved Walmart-owned e-commerce giant Flipkart's scheme of arrangement to shift its domicile from Singapore to India. This came ahead of Flipkart's reported plan to launch an initial public offering in India next year.
The tribunal approved the merger of Singapore entities Flipkart Health Pvt. Ltd., Quickroutes International Pvt. Ltd., Flipkart Marketplace Pvt. Ltd., F.K. Myntra Holdings Pvt. Ltd., Flipkart Investments Pvt. Ltd., Klick2Shop Logistics Services International Pvt. Ltd. and Flippay Pvt. Ltd. with India company Flipkart I

The Lok Sabha Monday passed the first batch of Supplementary Demands for Grants for 2025–26 (Apr-Mar), giving permission to the government for net additional spending of INR 414.55 billion during the year. On a gross basis, the government had sought permission for additional spending of INR 1.32 trillion.
The government tabled the first batch of Supplementary Demands for Grants for FY26 in Parliament on Dec. 1, seeking slightly lower funds for additional spending compared with a year ago. In FY25, it had sought net INR 441.43 billion in the first batch.

India's approach towards stablecoins must be guided by caution and an appreciation of domestic imperatives, said Reserve Bank of India Deputy Governor T. Rabi Sankar. Stablecoins do not serve any purpose that cannot be served better by fiat money, he said.
Stablecoins are a form of cryptocurrency whose value is pegged to another asset, such as a fiat currency or gold, to maintain a stable price. "Beyond the facilitation of illicit payments and circumvention of control measures, stablecoins raise significant concerns for monetary stability, fiscal policy, banking intermediation, and systemic

The aggregate top line growth of Nifty 500 companies grew in single digits yet again in the September quarter, mainly due to the superior performance of the bottom 300 companies of the group, excluding the Nifty 200 companies. The bottom 300 companies reported a 31% growth in adjusted net profit for the September quarter on the back of a 10% growth in revenue and this pulled up the Nifty 500 adjusted profit growth to 14% and sales growth to over 8%. This is far better than the 11?justed profit growth and the near 8% revenue growth posted by the Nifty 200, which are the top 200 companies of th

Freight traffic handled by major Indian ports in Apr-Nov rose 7.61% on year to 591.4 million tonnes, data released by the Indian Ports Association showed. This was mainly because of a rise in crude oil and petroleum products cargoes, which accounted for nearly one-third of the total cargo handled at all major ports across the country.
Crude oil and petroleum products cargoes rose over 10% on year to 179 million tonnes in Apr-Nov. The volume of liquids, other than crude and petroleum products, fell 0.56% on year to 22.55 million tonnes.

India’s GDP grew at a six-quarter high pace of 8.2% in Jul-Sept. After the strong GDP growth in the September quarter, the Reserve Bank of India Friday raised its GDP growth projection for 2025–26 (Apr-Mar) to 7.3% from 6.8% projected earlier. It also scaled up its growth estimates for the last two quarters of the fiscal, with growth in Oct-Dec now seen at 7.0% against 6.4% projected earlier, and that in Jan-Mar expected at 6.5%, against 6.2?rlier. It raised its GDP growth forecast for the first quarter of the next financial year to 6.7% from 6.4. The RBI gave a GDP growth projection of 6.8%

Following are the highlights of Reserve Bank of India Governor Sanjay Malhotra’s statement on Friday after the fifth bi-monthly meeting of the Monetary Policy Committee for 2025–26 (Apr-Mar):
KEY TAKEAWAYS

* MPC voted to cut repo rate
* MPC voted to cut repo rate by 25 bps to 5.25%
* MPC voted 6–0 to cut repo rate
* SDF rate adjusted to 5.00%
* MSF and Bank rate adjusted to 5.50%
* MPC decided policy stance to remain ‘neutral’
* MPC Singh was of the view stance should be accommodative from neutral
* Minutes of Dec MPC meeting to be released on Dec 19

The government has warned sugar mills of strict actions for violating the monthly stockholding limits, including deductions in monthly sales quotas, loss of export privileges, and reduction in ethanol orders, according to a notification from the Department of Food and Public Distribution.
The food department announces stockholding limits for each sugar mill to stabilise sugar prices. As per the notification, mills that dispatch more than their prescribed sales quota for a particular month, will face deductions in subsequent monthly quotas.

Gold and silver prices will continue to rise in 2026, supported by sustained buying by central banks globally, according to Kotak Mutual Fund. “For the last three years, central banks are buying close to 1,000 tonne gold every year and this year (2026) also the trend is likely to be similar,” Deepak Agrawal, chief investment officer-fixed income and head of products, Kotak Mahindra Asset Management Co., said.
“The gold as a percentage of India forex reserves in 2022 was close to 6%. Today, we are close to 12%,” Agrawal said at a press conference to present the annual outlook for 2026. In the