The Insolvency and Bankruptcy Board of India (IBBI) has proposed new rules that could expedite the resolution process for bankrupt real estate firms. The proposed changes would allow for the transfer of property ownership to buyers who have paid their dues and give resolution professionals more flexibility in handing over possession of units.
India's Ministry of Skill Development and Entrepreneurship has reformed the Central Apprenticeship Council, appointing new members for a three-year term. The council, led by Minister Jayant Chaudhary, advises the government on apprenticeship programs and the Apprenticeship Act. The council includes representatives from government, public and private sectors, and industry experts to promote and guide apprenticeship training nationwide.
Indian industry bodies met with revenue secretary Sanjay Malhotra. They presented their tax proposals for the upcoming budget. The Federation of Indian Chambers of Commerce and Industry (FICCI) proposed comprehensive tax reforms. The Confederation of Indian Industries (CII) suggested simplifying the goods and services tax (GST) regime.
Some Democrats have blamed Biden, 81, for Harris' defeat, saying he should not have sought reelection. Biden only dropped his reelection bid in July after a disastrous TV debate with Trump raised alarm bells about his mental fitness. Trump's campaign said Biden had invited him to meet at the White House at an unspecified time. In the weeks ahead, Trump will select personnel to serve under his leadership.
Albert Camus, the French existentialist, famously declared himself neither a believer in God nor an atheist. He believed that non-belief in God doesn't automatically make one an atheist, as there are various shades of non-belief. Camus emphasized that human existence transcends simplistic binaries like theism and atheism.
India is gearing up to collect economic data at the district level, aiming to release gross district development figures by January 2026. This initiative, endorsed by all states, will encompass data on household consumption, employment, inflation, and more. The move aims to bolster the state statistical system and provide valuable insights for both government and private sector decision-making.
Kamala Harris urged her supporters not to despair after her defeat, prompting reflection on the nature of resilience. Franz Kafka, in his typical fashion, offered a paradoxical perspective: "Do not despair, not even over the fact that you do not despair.
Stable, sound and sustainable China-U.S. relations serve the interests of both, Xi said on Thursday, adding that the international community would expect the two powers to "respect each other (and) co-exist peacefully". Xi also called for strengthened dialogue to properly manage differences.
India lifted a long-standing restriction on Salman Rushdie's controversial novel, "The Satanic Verses," which was originally banned in 1988 due to concerns about communal tensions. The ban's removal, attributed to the inability to locate the original notification, highlights the arbitrary nature of such restrictions and their detrimental effect on India's liberal image.
Donald Trump's re-election victory promises to reshape global markets. His growth-oriented policies are expected to strengthen the dollar, potentially leading to higher US treasury yields. While corporate earnings might see a boost from tax cuts, tariffs and trade tensions could offset these gains. Emerging economies may face headwinds from slowing capital flows and potential trade barriers.
Despite Trump's tough stance on China, his transactional nature and China's preparedness could lead to unexpected deals. Xi Jinping might offer trade concessions to dissuade US support for Taiwan, while Trump might leverage tariffs and alliances to secure favorable outcomes with China or Russia.
The Indian government is planning to reduce the turnover limit for companies to join the TReDS platform. This move will make it mandatory for more businesses to use the platform. TReDS helps small businesses get paid faster for their goods and services. The government believes this change will benefit a large number of small businesses in India.
The strength in exports - their value grew in all but one of the last 12 months - has helped make up for sluggish domestic demand, but that outpouring of cheap products has also sparked a backlash. In response, the US, South America and Europe, among others, have raised tariff barriers against goods such as steel and electric vehicles.
Donald Trump may have won the US Presidential elections this time, but there are some pillars in his election race, who have stood by him throughout his White House run, and are one of the biggest reasons for his epic victory against a tough candidate like Kamala Harris. However, some other entities also manage their own wins with Trump ascending to power at the White House. What were they?
Real estate startup Propsoch raised $500,000 in funding. The round was led by investment arms of Godrej and Vakil Groups. Propsoch will use the funds to expand in Mumbai, Pune and Bengaluru. The company aims to bring transparency to the home buying process through data-driven insights. The Indian proptech industry is experiencing rapid growth.
Tuning out the election frenzy offers a much-needed respite from the constant barrage of news and analysis. Ignoring the polls, debates, and punditry allows you to reclaim your time, reduce stress, and focus on your own well-being. It's a form of self-care that brings peace of mind amidst the political storm.
Kamala Harris' 2024 campaign struggled, owing largely to her inability to distance herself from Joe Biden's unpopular policies, particularly on the economy.
Nancy Pelosi, the former House Speaker, was visibly emotional and tearful as she arrived at Howard University, moments before Vice President Kamala Harris delivered a heartfelt concession speech.
Tata Steel's Managing Director, TV Narendran, expressed concerns over the global steel industry's profitability, stating that current prices are insufficient for companies to invest in planned capacity expansions. He highlighted the impact of Chinese steel exports, often priced predatory low, on global prices.
The Petroleum and Natural Gas Regulatory Board (PNGRB) is revising its definition of piped natural gas (PNG) to exclude cascade and other non-pipeline delivery methods. This move aims to encourage pipeline infrastructure development and clarify exclusivity rights for city gas distributors, despite objections from some companies regarding potential impacts on work programs and existing supply agreements.
India's manufacturing sector, particularly automotive, is experiencing significant growth, driven by government initiatives, a favorable business environment, and strong domestic demand. The author, MD & CEO of Mercedes-Benz India, highlights the potential of 'Make in India' and the importance of digitalization and upskilling for India's economic transformation into a global manufacturing hub.
South Africa-born billionaire tycoon Elon Musk is now in the headlines after a handsome win by Donald Trump in the US Presidential elections, which has happened majorly due to the contributions of the X and Tesla owner, thanks to his massive donations and involvement in the campaign.
India's stock market is experiencing a surge in IPOs, fueled by a post-pandemic recovery and government initiatives. This boom has attracted significant investor interest, making India a leading investable market globally. The trend spans diverse sectors, from tech and finance to healthcare and infrastructure, indicating robust economic growth and investor confidence in India's future.