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₹10,563 crore, while 31 personal guarantors accounting for ₹1,433 crore in defaults by companies approached bankruptcy tribunals on their own for debt resolution, according to data available with Insolvency and Bankruptcy Board of India (IBBI). Lenders in all seek to recover more than ₹2 trillion from personal guarantors since December 2019, when they were brought under the Insolvency and Bankruptcy Code (IBC). Of these, 3,134 cases are in bankruptcy tribunals (National Company Law Tribunal) while 50 are pending in Debt Recovery Tribunals (DRT), showed data from the IBBI.

A German federal court has suspended a ban the government imposed last month on a far-right magazine

mining companies because of retrospective applicability of the Supreme Court order allowing state governments to levy taxes besides royalty on mining operations. “We are studying the impact of the Supreme Court order and will take a call on the future course of action. It is estimates that the industry wide impact is over Rs 1 lakh crore,” a top government official told ET while adding that retrospective applicability of the levies is a major concern. Estimates from the mining industry peg the total payout at much higher. According to B K Bhatia, Additional Secretary General at the Federation of Indian Mineral Industries (FIMI), the Indian mining industry as arrears may work out to the tune of more than Rs. 1.5 to Rs. 2 lakh crores.

Vikas Khemani, Founder, Carnelian Asset Management, says in the last 10 years, we have seen a remarkable shift in the accountability and governance and the execution of the PSEs and that has made many of these public sector enterprises very valuable. Banks are moving towards 16-17% ROE profiles. All public sector units in defence are doing very well with the new refound growth sector. All PSUs except probably oil and marketing, still have a bit of a struggle. That is also picking up, but whether it is gas or any other, the PSUs are being run reasonably well. While BSNL is still facing challenges, we have seen a remarkable shift happening in the railway operation.

Nifty ended near the flatline, while Sensex ended 150 points higher. Broad-based profit booking offset gains in information technology (IT) stocks after soft US producer price data signalled cooling inflation. The 30-share BSE benchmark Sensex surged 0.19% to settle at 79,105, while the broader NSE Nifty gained 4.75 points or 0.02% to end at 24,143.

Tata Elxsi Ltd. gained 0.27 per cent to Rs 6807.15 in Wednesday's session as of 12:07PM (IST) even as the equity benchmark Sensex traded 164.96 points higher at 79120.99. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 9191.1 and a 52-week low of Rs 6406.6 on NSE. Around 1466 shares changed hands on the counter till 12:07PM (IST).

India Independence Day: Partition of India, which marked the end of the British Raj, was a hasty, if not botched, affair, so it may sound strange to know Lord Mountbatten, who literally took Partition through, said he wanted an unified India. He said he tried everything to stop the partition. He even said that he regretted it but had no choice. Speaking to veteran journalist Kuldip Nayar, the last British Viceroy and Governor-General of India accepted that he could not «hold» the country and had to hasten the Independence process, leading to a massacre that killed nearly two million people. Also Read: How a multinational company captured a whole country

Saraswati Saree Depot is getting robust response from investors as the issue was subscribed nearly 47 times so far on the third day of the bidding process. The issue will close on Wednesday. The category reserved for non-institutional investors was subscribed the most at 201 times, followed by retail investors at 41 times and qualified institutional buyers (QIB) at 4.21 times.

Oyo posted a net profit of Rs 229 crore for 2023-24, founder and chief executive Ritesh Agarwal said in a post on X. “One big learning for me over the years is under-promise and over-deliver,” he said, while adding that the net profit had exceeded his earlier estimate of Rs 100 crore. “Now with Rs 0.36 EPS (earnings per share) done, now to Re 1 EPS and beyond at FY25. Lots of improvements still left to do. Proud of what we are building together,” he wrote on the microblogging site.

Siemens Ltd. rose 0.76 per cent to Rs 7021.0 in Wednesday's trade as of 01:04PM (IST) even as the benchmark Nifty ruled at 24176.85, up 37.85 points. The scrip had closed at Rs 6967.45 in the previous session. The stock quoted a 52-week low of Rs 3248.0 and a high of Rs 7974.25. The company quoted a market-cap of Rs 249996.42 crore on the BSE.

Union budget, for example: the Indian government announced incentives to boost maintenance, repair, and overhaul (MRO) activities in the aviation and shipping sectors. While we’ve previously detailed how companies in the ship-repairing sector stand to benefit—leading to some stocks doubling in value—the aviation sector’s MRO industry hasn’t garnered the same level of attention. India’s aviation industry is soaring, driven by increasing demand for air travel, expanding fleet sizes, and a growing focus on regional connectivity.

Samvardhana Motherson International (SAMIL) surged 4.5% to day’s high of Rs 188.75 on BSE after reporting a 65% year-on-year (YoY) jump in consolidated net profit to Rs 994 crore for the June quarter of FY25. The company's revenue increased by 29% YoY to Rs 28,868 crore for the period under review, compared to Rs 22,462 crore in the same quarter of FY24.

Ashok Leyland Ltd. traded 1.62 per cent down at Rs 247.65 on Wednesday at around 11:57AM (IST), while the benchmark BSE Sensex advanced 148.69 points to 79104.72. As many as 331,895 shares changed hands on the counter with a total value of Rs 8.29 crore.

tropical storm Debby battered southern Quebec on Friday, leaving a mess in its wake. It dumped record rainfall on Montreal — with an exceptional 173 millimetres on the town of Sainte-Anne-de-Bellevue, where Shattke lives.Schattke has his work cut out for him in the coming days. He tried to salvage what he could, but the flooding surrounded his books and his child’s toys.

jail is an exception" legal principle is applicable even to offences under special statutes like the Unlawful Activities (Prevention) Act, the Supreme Court ruled on Tuesday while granting bail to a man accused of harbouring suspected terrorists. A bench of justices Abhay Oka and Augustine George Masih said once a case has been made out for the grant of bail to an accused, the court cannot decline the relief. «When a case is made out for a grant of bail, the courts should not have any hesitation in granting bail. The allegations of the prosecution may be very serious. But, the duty of the courts is to consider the case for grant of bail in accordance with the law. 'Bail is the rule and jail is an exception' is a settled law,» SC said. The verdict came while ordering the release of a retired police constable Jalaluddin Khan, who was booked under the stringent provisions of the anti-terror law and those of the now defunct Indian Penal Code for renting out the upper floor of his house to alleged members of the banned Popular Front of India.

Home Depot’s second quarter sales rose slightly as the nation’s biggest home improvement retailer booked gains from a recent acquisition, but customers reined in spending because of broadly higher costs and elevated interest rates

Elon Musk’s much-awaited interview with former President Donald Trump was marred by technical glitches on Monday, with people unable to join the audio conversation on X’s Spaces platform

Mint. Fresh from a trip to London and dressed in his usual crisp white BluSmart shirt and blue turban, Jaggi has other concerns now. While he maintains demand for rides is strong and growing, scaling up would require more charging points.

Unicommerce eSolutions made a spectacular debut on the exchanges on Tuesday, listing at Rs 235 per share, which is a staggering 117% premium over its issue price. This blockbuster performance far exceeded pre-listing expectations, fueled by the massive oversubscription of 168.35 times and a robust grey market premium (GMP).

Inox Wind rallied 35% in two days, making a new all-time high of Rs 237 in Tuesday’s session on BSE after the company on Friday announced its Q1 results wherein it turned profitable on a YoY basis. The company also announced a 51 MW order win from Everrenew.

Bandhan Bank Ltd. traded 2.05 per cent down at Rs 193.05 on Tuesday at around 02:10PM (IST), while the benchmark BSE Sensex declined 717.64 points to 78931.28. As many as 719,506 shares changed hands on the counter with a total value of Rs 13.89 crore.