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The Economic Times Ambani's Reliance Jio IPO set for 2025, retail debut much later, sources say

RELIANCE-INDIA-Exclusive-Ambani's Reliance Jio IPO set for 2025, retail debut much later, sources say

The Economic Times Operational creditors cannot claim interest without prior agreement with corporate debtor:NCLAT

The NCLAT ruled that invoices with interest clauses are not enforceable against debtors without a formal interest agreement. The tribunal found that the debtor had already paid the principal amount. The operational creditor's appeal against the Adjudicating Authority's order was dismissed. The NCLAT's decision provides clarity on the enforceability of interest claims in corporate debt cases.

The Economic Times India to revamp power demand forecasting for better planning

India is updating its electricity demand forecasting to match generation needs and maintain grid stability amid rising use of renewable energy. The Central Electricity Authority will collaborate with weather agencies for better data and conduct more frequent forecasts. This aims to accurately predict demand, manage costs for utilities and avert blackouts.

The Economic Times Banks form panel to take up bar on overlapping biz

Indian banks are establishing a committee to address concerns regarding the Reserve Bank of India's (RBI) proposed regulations. The new rules mandate one entity per banking group for specific businesses, impacting subsidiaries. Banks find the two-year compliance window too short, particularly for listed subsidiaries, and plan to engage with the RBI and government stakeholders.

The Economic Times NFRA may take up revision of 35 audit standards next week

The National Financial Reporting Authority (NFRA) and the Institute of Chartered Accountants of India (ICAI) are headed for another clash. The upcoming NFRA board meeting will address revisions to auditing standards, including the controversial SA600, despite opposition from ICAI representatives on the board.

The Economic Times KPMG to lay off less than 4% of US audit workforce, source says

KPMG-LAYOFFS/ (URGENT,PIX)KPMG to lay off less than 4% of US audit workforce, source says

The Economic Times Australian police search Sydney PwC office over tax leak probe

Australian police searched PwC Australia's Sydney office investigating a former partner who leaked confidential government tax plans. The firm reportedly shared the data internally and covered up its use. PwC is cooperating fully with the investigation. This incident led to the resignation of several partners and the sale of its government consulting business.

The Economic Times Nirmala Sitharaman apprised about review of Income Tax Act by top officials

The goal is to make the Act concise, clear, and easy to understand, which will reduce disputes, and litigation, and provide greater tax certainty to taxpayers.

The Economic Times SAT Televenture to acquire Tikona Infinet for Rs 669 cr

Tikona Infinet will become a significant subsidiary of SAR Televenture and Tikona shareholders will get SAR Televenture shares.

The Economic Times India New Issue-Aditya Birla Housing to reissue Aug 2029 bonds, bankers say

INDIA-DEBT/India New Issue-Aditya Birla Housing to reissue Aug 2029 bonds, bankers say

The Economic Times OLX India's MD & CEO Amit Kumar steps down

Amit Kumar, MD and CEO of OLX India, is stepping down from his position effective January 31, 2025. Kumar played a pivotal role in expanding OLX India's retail presence across the country. His career includes stints at Britannia Industries, Uninor, Jabong, and Snapdeal.

The Economic Times Trump victory may lead to stronger dollar, but RBI's focus will remain on domestic factors: Report

A victory of Donald Trump in the upcoming US presidential elections could lead to a stronger US dollar says a report by Barclays.

The Economic Times India will need a lot of very serious reforms to become advanced economy by 2047: Krishna Srinivasan, IMF Asia-Pacific Department

India must implement substantial structural reforms and achieve a growth rate higher than 6.5% to meet its 2047 advanced economy goal, Krishna Srinivasan, director of the Asia and Pacific Department (APD) at the International Monetary Fund, says. The IMF projects India's GDP growth will ease to 7% in FY25 and potential growth to 6.5% in FY26 amid various risks.

The Economic Times Logic Fruit Technologies appoints Sourabh Varma as CFO

With over 20 years of experience in large-scale operations, Sourabh brings expertise in operational management and business strategy. In his new role, he will work closely with the management team to advance strategic initiatives and drive innovation.

The Economic Times How the US election could change the direction of trade winds for India

Indian businesses should be prepared to handle tariffs on goods they export to the US. The scale of the barrier would depend on who wins the US elections.

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