The Insolvency and Bankruptcy Board of India (IBBI) has proposed a new rule that would give operational creditors of stressed companies the option to pursue mediation before filing for insolvency proceedings. The goal is to expedite the resolution process for struggling businesses and reduce the burden on the National Company Law Tribunal (NCLT).
Assam's Chief Minister Himanta Biswa Sarma defended the candidacy of a Bengali Hindu from Bangladesh in the Dholai by-elections. Sarma argued that since Sonia Gandhi, of Italian origin, could lead Congress, Bengali Hindus residing in India pre-1971, and thus legally recognized as citizens, should also have political rights.
At a review meeting on Tuesday, financial services secretary M Nagaraju exhorted PSBs to continue to strengthen their financial and operational frameworks, particularly in light of the evolving market dynamics and cybersecurity needs, the finance ministry said in a statement.
The Dawoodi Bohra community in Mumbai, represented by Anjuman-E-Shiate Ali, has requested complete exclusion from the Waqf Act, 1995. Presenting before a parliamentary panel, the community argued that the proposed amendment bill fails to acknowledge their unique identity and governance structure, which centers around the al-Dai al-Mutlaq. They suggested their properties be regulated under existing trust laws instead.
Nationalist Congress Party leader Sharad Pawar hinted at retirement from electoral politics. Pawar said he might not seek another term in the Rajya Sabha after his term ends in 2026. He expressed his desire to step aside and make way for the younger generation. Pawar has been a member of parliament for Baramati constituency 14 times.
Swiggy IPO: Food delivery giant Swiggy has raised ₹5,085 crore from anchor investors ahead of its IPO, which opens tomorrow. The company has fixed the price band at ₹371-390 per share. Swiggy plans to use the IPO proceeds for investment in its subsidiary Scootsy, technology, and brand marketing.
The Reserve Bank of India has been managing surplus liquidity in the banking system. The goal is to align the weighted average call rate with the repo rate of 6.50%. However, rates in the tri-party repo segment have been below the repo rate for four months. The Treps rate was 6.34% in October and 6.42% in September.
Just like a car needs an engine to move, success requires commitment. The author urges readers to embrace a positive mindset, emphasizing the power of thoughts. Drawing a parallel with shopping, the author suggests we should be selective about the thoughts we entertain, choosing empowering thoughts like joy and compassion over negative emotions like anger and jealousy.
Baltasar Ebang Engonga, a civil servant from Equatorial Guinea, is at the center of a sex scandal. Leaked videos allegedly show Engonga engaging in sexual acts with multiple women in his office. The government is taking action, vowing to suspend civil servants involved in such activities at work.
Looking for unique holiday destinations without the crowds? Zero to Travel's new podcast episode offers alternative travel ideas. Award-winning travel journalist Andrew Nelson shares insights from his book, Here Not There, revealing hidden gems for a memorable trip. The episode provides practical tips for avoiding crowded tourist spots while enjoying enriching experiences.
India's leading cement producers have lowered their FY25 growth forecasts from high-single digits to mid-single digits due to a challenging first half marked by extreme weather, slowed government spending, and election-related labor shortages. The industry experienced a significant slowdown from the double-digit growth witnessed in the previous three fiscal years.
India once cultivated diverse nutrient-rich rice and millet varieties. The Green Revolution shifted focus to hybrid crops, leading to a decline in indigenous varieties. These traditional grains are naturally rich in iron and zinc, unlike modern hybrids. Studies highlight the nutritional benefits of these forgotten crops. This situation calls for a review of India's agricultural and nutritional strategies.
The Bharatiya Janata Party (BJP) is gearing up for the Delhi assembly elections with a campaign focused on pollution, corruption, and infrastructure issues. Meanwhile, in Jharkhand, Chief Minister Hemant Soren has been noticeably absent from major media interviews, citing health reasons. In Assam, the Congress party is reviving its mouthpiece, Congress Darpan, with a newly appointed editorial board led by Abdul Khaleque.
A new article argues that major economies overreacted with their monetary policies after the pandemic, negatively impacting emerging markets like India. While acknowledging the global inflation challenges, the author suggests that India's central bank skillfully managed the situation with a balanced approach, emphasizing the importance of data-driven decisions and clear communication for stable economic growth.
Amidst global concerns about electoral integrity, the US faces scrutiny for its divisive political climate and challenges to peaceful transitions of power. The article contrasts this with India's robust electoral system, highlighting the effectiveness of the Model Code of Conduct and the Election Commission's role in ensuring fair elections.
Anastasia Oberoi and her siblings were appointed as directors of Oberoi Hotels and Oberoi Properties. The appointments were made during the company's annual general meeting. The decision follows a consent order from the Delhi High Court, addressing an ongoing family inheritance dispute. The dispute involves control of shares in EIH Ltd, the parent company of Oberoi Hotels.
Indians purchased 220 tonnes of silver during this year's Dhanteras-Diwali. This is the highest amount in two decades. The surge in silver sales is attributed to its rising prices and its appeal as a safe-haven asset. Gold sales, however, declined by 15% this year. Experts predict silver prices will continue to rise.
Hero MotoCorp, India's largest two-wheeler manufacturer, announced its plans to expand into Europe and the UK with its electric vehicle brand, Vida, starting in the second half of 2025. The company unveiled four new products, including the Vida Z electric scooter, at EICMA, Milan, and highlighted its commitment to innovation and sustainability in the global mobility market.
There are over 2 million Salesforce developers in India, making it the second-largest community on the Salesforce platform outside of the US. It has about 13,000 employees in India, having added 3,000 over the past year.
India's Civil Aviation Minister, K. Rammohan Naidu, proposed a plan to boost the country's helicopter industry. This includes creating over 50 helicopter emergency medical service units along major roadways and establishing a dedicated cell within the ministry to streamline helicopter regulations and operations.
Royal Enfield is set to launch its first electric motorcycle, the Flying Flea C6, in early 2026, targeting European and US markets initially. The premium-priced model will cater to a new segment above entry-level bikes, with India launch planned for a later stage.
NTPC's board has greenlit investments totaling around Rs 80,000 crore for three thermal power projects. These projects, located in Telangana, Madhya Pradesh, and Bihar, will add 6,400 MW to NTPC's generation capacity, further solidifying its position as India's largest power producer.
The anchor investors have been allotted shares at Rs 390 apiece – the upper end of the price band of Rs 371-390 per share set for the IPO. More than half of the anchor book has been allotted to domestic investors.
Slice and North East Small Finance Bank (NESFB) have officially merged, creating a technology-driven banking institution in India. The merger, effective October 27, 2024, combines the strengths of both entities, aiming to enhance customer experience, expand financial inclusion, and drive economic growth, particularly in the Northeast region.
The finance ministry has urged public sector banks to prioritize cybersecurity and align their digital frameworks with industry best practices. This comes amidst growing concerns over cyber fraud and aims to ensure customer protection and operational continuity. The ministry also emphasized boosting lending to agriculture and MSMEs, deepening financial inclusion, and enhancing customer onboarding through digital innovations.