Category: Corporate Story

India’s key services sector extends its four-year growth streak, underscoring sustained economic momentum. August, driven by a surge in demand and new business, according to a private survey released on Wednesday. The HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P Global, climbed to 62.9 in August, up from 60.5 in July and 60.4 […]

Canada has updated the amount of funds required for foreign nationals to apply for permanent residence in the country. Foreigners wishing to apply for permanent residence in Canada will now have to show a higher amount of funds as proof to be eligible for the Express Entry Programs. For Immigration, Refugees and Citizenship Canada has […]

In a transformative step to bolster India’s research and innovation ecosystem, the Union Cabinet, chaired by Prime Minister, Shri Narendra Modi, has today approved the Research Development and Innovation (RDI) Scheme with a corpus of Rs. One lakh Crore. Recognizing the critical role that the private sector plays in driving innovation and commercializing research the RDI […]

SEBI has shortlisted nine firms, including Deloitte, BDO and Chokshi & Chokshi, for conducting forensic audits in corporate fraud cases, reducing the panel from the previous 20. The new list, effective for three years, replaces the 2021 panel and emphasizes quality and past performance in the selection process. The Securities and Exchange Board of India […]

The Delhi High Court has ruled that a Corporate Debtor that has undergone a successful resolution process under Section 31 of the Insolvency and Bankruptcy Code, 2016 (IBC), cannot be prosecuted for offences committed prior to the commencement of the Corporate Insolvency Resolution Process (CIRP). The Single Bench of Justice Manmeet Pritam Singh Arora made […]

Extended deadline replaces earlier 18-month compliance window. In a significant move, the Corporate Affairs Ministry (MCA) has granted relief for “producer companies”, extending the compliance window on mandatory dematerialisation of their existing shares. Producer companies, who were earlier required to complete dematerialisation of their shares by September 30, 2024, have now been given time till […]

After picking up pace in 2022-23 (FY23), growth in capital expenditure by the corporate sector in capacity expansion and new projects slowed in 2023-24 (FY24). The combined fixed assets of India’s top 990 listed companies, excluding banks, financial services, and insurance (BFSI) and stockbroking firms, increased by just 7.6% year-on-year (Y-o-Y) in FY24, down from 12.2% […]

Vedanta Group, a mining giant, is setting its sights on achieving $6 billion in earnings before tax for the upcoming fiscal year, with plans to increase this figure to between $7 and $7.5 billion the year after, thanks to improved operations across its various sectors. Ajay Goel, the Chief Financial Officer of Vedanta Limited, stated […]