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The Economic Times ECBs by Indian cos contract 1.1 billion in September: RBI data

External commercial borrowings in September dropped by $1.1 billion to $4.8 billion. Financial services led the borrowing activity, with Power Finance Corporation raising $1.06 billion. Other key borrowers included Shriram Finance and Cholamandalam Investment.

The Economic Times SoftBank swings to profit with help from hot Indian IPO market

A boom in India’s IPO market is buoying the Vision Fund, which for years struggled to win returns commensurate with its $100 billion-plus scale. It’s a rare moment of victory for the Vision Fund, which posted two straight years of hefty losses after startup valuations collapsed, erasing its previous gains.

The Economic Times NTPC Green seeks $12 billion valuation for its IPO

NTPC Green Energy Ltd. aims for a $12 billion valuation in what could be one of India's largest renewable energy IPOs. The share sale, potentially raising Rs 10,000 crore, is expected to open on Nov. 18 and close on Nov. 21.

The Economic Times SC ruling on liquidation delays: Implications for corporate insolvency resolution

The Supreme Court emphasized the importance of timely resolution under the IBC, stating that delays harm companies and liquidation should be a last resort. They criticized the NCLAT's decision to uphold a resolution plan despite significant delays and directed the liquidation of Jet Airways, setting a precedent for future insolvency cases.

The Economic Times Sebi issues Rs 52 crore demand notice to two entities in RHFL illegal fund diversion case

The regulator has warned these entities to attach assets and bank accounts if they fail to make the payment within 15 days.

The Economic Times Adani's renewable energy ecosystem wows European ambassadors

Four European ambassadors recently toured Adani Group's renewable energy projects in Gujarat. Gautam Adani, Chairman of the Adani Group, hosted the diplomats. The diplomats visited the world's largest renewable energy park in Khavda. They also explored the manufacturing facilities at Mundra Port. Adani outlined the group's plans to scale up green hydrogen production.

The Economic Times Sebi eases FPI registration process

​To facilitate ease of onboarding of foreign portfolio investors and reduce duplication of available information, Sebi has said applicants can choose to fill either the entire common application form or an abridged version with unique fields.

The Economic Times Bharti Airtel faces Rs 10.65 Crore penalty under GST for 2017-18 tax liability

The Company is likely to challenge the order. "There is no material impact on financial, operation or other activities of the Company," Bharti Airtel said in an exchange filing.

The Economic Times Plans afoot to put LLPs and cos on par in accounting

The Indian government is considering implementing new accounting standards for large limited liability partnerships (LLPs) to enhance transparency and accountability. These standards, aligned with those for companies, aim to improve financial disclosures and attract more investors to LLPs.

The Economic Times India to overhaul auditing standards by 2026, NFRA proposes key revisions amid disagreements with ICAI over group audits and SQM

The NFRA has approved 38 of 40 proposed auditing standards, largely based on ICAI recommendations, but ICAI has raised concerns over key revisions to SA 600 and SA 299, citing potential challenges.

The Economic Times Union government releases XV finance commission grants for rural local bodies in Kerala and Meghalaya

The grants aim to strengthen local self-governance and bolster the delivery of essential services in rural communities, driving sustainable development.

The Economic Times India confident of reaching USD 100 bn trade volume with Russia ahead of 2030 timeline: EAM

India is confident in achieving $100 billion in bilateral trade with Russia before the 2030 target. External Affairs Minister S Jaishankar highlighted the need for a more balanced trade relationship, addressing constraints, and promoting facilitative efforts. Both nations acknowledge the global significance of their strengthened partnership in an increasingly multipolar world.

The Economic Times Developing countries must not leave Baku empty-handed: UN Secretary-General

At COP29, UN Secretary-General Antonio Guterres urged world leaders to deliver substantial climate finance to developing nations, emphasizing their disproportionate suffering from climate change despite contributing less to emissions. He proposed a five-point plan to bridge the finance gap and ensure vulnerable countries have resources for climate action, warning that failure to do so would mean a failed summit.

The Economic Times India may cut import taxes if desi companies are not hurt, FM Sitharaman says

India's Finance Minister, Nirmala Sitharaman, hinted at the possibility of reducing import taxes, contingent upon the absence of harm to domestic industries. This comes in the wake of US President Donald Trump's criticism of India's high tariff rates. While acknowledging the need to protect Indian businesses, Sitharaman emphasized the government's willingness to adjust tariffs to foster international trade.

The Economic Times Nisus Finance Services secures BSE approval to launch IPO

Nisus Finance Services has received Bombay Stock Exchange approval for its IPO, offering 65 lakh equity shares. Proceeds will enhance infrastructure, obtain licenses, fund expansion in global hubs, and support general corporate purposes and fundraising costs.

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