India Financial News

compliance burden for insolvency professionals, and enhance the effectiveness of the liquidation process, the IBBI has launched a set of electronic forms under the Insolvency and Bankruptcy Code. These forms are crucial for the liquidation process under the Insolvency and Bankruptcy Code (IBC), as they facilitate systematic and transparent record-keeping and seamless reporting, the insolvency regulator said. The new circular, issued by the Insolvency and Bankruptcy Board of India (IBBI) on June 28, introduces forms LIQ 1 to LIQ 4, covering different stages of the liquidation process. Presently, the IPs submit the details regarding the liquidation process, to the board through emails, which is time-consuming and inefficient, the IBBI said in the circular. LIQ 1 includes details from the commencement of liquidation to the public announcement. Further, LIQ 2 captures information from the public announcement to the progress report, including valuation, sale, and receipts. LIQ 3 focuses on the period from the last progress report to the application for dissolution, while LIQ 4 deals with the distribution of proceeds and other final details post-dissolution order.

Hardik Pandya is bowling the last over and, well, he is no Jasprit Bumrah. David Miller, the man on strike, is one of the best finishers of the T20 game. One big hit and the match yet again drifts South Africa's way.

skills development and entrepreneurship will come up with a new policy on skilling to replace the National Policy on Skill Development and Entrepreneurship, 2015, almost 10 years after the policy was launched to impart skills training in the country. The move is aimed at giving a renewed push to skilling in India while aligning it to the new age skills.

regulators are flagging risks from heightened trading in derivatives in the Indian equity market. The surge in trading futures and options of listed stocks coincides with rising household exposure to equities, and regulators are approaching the development with investor protection and systemic risk on their mind. Alongside raising awareness among retail investors about the risks involved, new screening mechanisms have been imposed for stocks to qualify for derivatives trading. The effort is directed at restricting derivatives to underlying stocks for which there is sufficient liquidity and trading interest from market participants. There are suggestions for raising transaction costs on derivatives trades. Such a move could, however, affect better regulated institutional investors and reduce the effectiveness of derivatives, hampering market development.

investment destination is doing extremely well with the country witnessing high foreign remittances, foreign direct investment (FDI) and foreign institutional investment (FII) inflows, commerce and industry minister Piyush Goyal said.

NCLT) has approved the acquisition of bankrupt listed infrastructure firm Valecha Engineering Ltd by a consortium of JK Solutions Pvt Ltd and One Media Facility Management.

India's stupendous victory in the T20 World Cup final has electrified the nation. This celebration in the team's prowess in the country's favourite sport is well-deserved and very well understandable.

Jasprit Bumrah, nominated as the 'Player of the Tournament' in the 2024 T20 World Cup, garnered widespread acclaim from fans and an especially heartfelt tribute from his wife, broadcaster Sanjana Ganesan. Following India's historic victory over South Africa in the final match held in Barbados, Sanjana took to Instagram to laud Team India and, notably, her husband Bumrah.

warehousing sector is seeing increasing adoption of solar power, driven by cost savings, environmental benefits as well as supportive government policies.

Vishva Hindu Parishad (VHP) staged a protest against AIMIM MP Asaduddin Owaisi for his "Jai Palestine" slogan during the swearing-in ceremony in the Lok Sabha. The VHP said Owaisi's slogan displayed «allegiance to a foreign nation» while taking oath as an MP in Parliament.

criminal laws are to be implemented across the country from July 1, Union Minister Arjun Ram Meghwal said on Sunday that the three laws were necessary given the developments in technology and forensic science.

T20 World Cup concluded with a classic thriller of a final, with India crowned champions on Saturday, but the tournament may also go down as a milestone for a game which is keen to expand its global footprint.

In FY14, the headline inflation in the country stood at 9.4%. In a matter of 10 years, the headline inflation has dropped to 5.5% in FY24, according to data provided by the Ministry of Finance.

The nation is actively striving for a more environmentally-friendly and sustainable future by concentrating on decreasing greenhouse gas emissions, enhancing energy efficiency, and embracing renewable energy sources. Driven by this, the real estate industry in India is also witnessing a significant increase in green building and sustainability projects, covering all parts of the country.

29-year-old Rishika* is feeling better now. However, she believes there is always a scope of improvement. “…periodic fine-tuning is always needed,” she told Financial Express.com.

₹125 crore for Team India's victory in the T20 World Cup 2024.Taking to microblogging platform X (formerly known as Twitter), BCCI Secretary Shah said, “ I am pleased to announce prize money of INR 125 Crores for Team India for winning the ICC Men’s T20 World Cup 2024."“The team has showcased exceptional talent, determination, and sportsmanship throughout the tournament. Congratulations to all the players, coaches, and support staff for this outstanding achievement!" the BCCI Secretary added.It is important to note that Rohit Sharma-led Team India defeated South Africa at Kensington Oval by a thrilling 7-run win on Saturday to be crowned the new T20 World Champions.“Under the exceptional leadership of Rohit Sharma, this team has shown remarkable resolve and resilience, becoming the first team in the history of the ICC T20 World Cup to win the tournament unbeaten," said Shah in a statement."They have faced and silenced their critics with stellar performances time and again.

BCCI) today announced Rs 125 crore for Team India for winning the ICC T20 World Cup.

Royal Global University, Northeast India’s own Global University, has launched the "Hope for Manipur Scholarship."

India Meteorological Department (IMD) issued a red alert for several northeastern states, forecasting extremely heavy rainfall over the next two days.

exports, improvement in the current account deficit (CAD) and focus on expanding manufacturing will help the Indian economy register a healthy growth rate, Commerce and Industry Minister Piyush Goyal has said. He was here to participate in a programme of the gems and jewellery industry.