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The Economic Times Go First's creditors to auction pledged land parcel in Thane

Creditors are set to auction a prime 94-acre land parcel in Thane near Mumbai, previously collateral for loans taken by Go First Airlines. The auction process involves major creditors and potential bidders amidst evolving legal challenges and financial considerations.

The Economic Times "Intellectual property of the bank": SBI once again refuses to disclose SOPs on sale, redemption of electoral bonds

In response to a Right to Information Act appeal, State Bank of India (SBI) has again refused to disclose the standard operating procedures (SOPs) for the sale and redemption of electoral bonds. SBI justified the denial by stating that the information is held in "commercial confidence," constitutes the bank's "intellectual property," and is intended solely for internal staff use.

The Economic Times A leaner M&M charting new expansion path, looks to enter new industry, list 2 businesses, step up global presence

The group also aims to ensure that Tech Mahindra and Mahindra & Mahindra Financial Services (Mahindra Finance) realise their full potential besides bolstering the logistics, holidays and real estate businesses, which have been identified as “growth gems”

The Economic Times Clarification likely on GST on NBFC co-lending

The government, led by Vivek Joshi, addresses concerns around GST levy on co-lending arrangements with NBFCs, raising issues of distortion and increased lending costs. Banks, tax authorities, FIDC, MFIN, CRISIL, partner banks discuss the growth of co-lending model, NBFCs' loan book reaching ₹1 lakh crore.

The Economic Times How SEBI is tightening norms for independent directors

The evolving regulatory environment highlights the imperative for prospective independent directors to possess the requisite expertise and commit to upholding governance standards effectively.

The Economic Times CarDekho Group appoints Neelesh Talathi as Group CFO

Neelesh Talathi named as the successor of Mayank Gupta. The appointment is expected to contribute to the group's progress toward a public offering.

The Economic Times GST on Corporate Guarantee – Nightmare for Corporates

​​​In this article, tax experts Parag Mehta, Partner, Indirect Tax, and Piyush Jain, Deputy Manager at N A Shah Associates LLP, highlight the significant implications of GST on corporate guarantees. They discuss the recent valuation mechanism, the ensuing legal challenges, and the urgent need for clear guidelines to address the complexities and concerns facing corporates.​

The Economic Times Over $239 mn raised by 26 Indian startups in funding last week

More than $239 million was raised by 26 Indian startups in funding last week, which includes nine growth-stage deals and 15 early-stage deals.

The Economic Times Tata Motors group hikes investment outlay to INR 43,000 cr for FY25

Tata Motors group has increased its investment outlay for FY25 to INR 43,000 crore, with a significant portion allocated to its British arm, Jaguar Land Rover (JLR). In FY24, the company had initially planned for a 3 billion pound investment for JLR and INR 8,000 crore for Tata Motors, totaling about INR 38,000 crore. However, the actual investment in FY24 exceeded expectations, reaching around INR 41,200 crore. For FY25, JLR's investment is expected to rise to around 3.5 billion pounds (approximately INR 35,000 crore), with Tata Motors maintaining a similar investment level of around INR 8,000 crore.

The Economic Times Kumar, Pai not to renew advisory role with Byju's

​In a statement on Sunday, the troubled edtech firm said that company and advisory board members Kumar and Pai have mutually decided not to renew the contractual agreement scheduled to end on June 30, 2024.

The Economic Times KKR in talks to buy into healthcare BPO company Infinx

Launched in 2012 as Tandon Information Solutions, Infinx is also into medical transcription, eligibility and benefit verification, complete medical billing, medical coding (across specialty) and comprehensive account receivable management services.

The Economic Times Nikhil Kamath, Manyavar family office may join A91 in Rare Rabbit’s Rs 500 crore funding

Bootstrapped till now, Rare Rabbit clocked revenue of over Rs 600 crore in fiscal 2024, with an operating profit of more than Rs 100 crore, as per sources in the know.

The Economic Times Hindujas' acquisition of Reliance Capital hits financing hurdle

"IndusInd International Holdings (IIHL) is trying to reduce the cost by nearly one percentage point and is seeking a cheaper loan through ongoing discussions with the lenders," one of the sources said. "The loan arrangement must be finalised before May 27, as IndusInd International Holdings needs to close the Reliance Capital deal by then," the person added.

The Economic Times Centre may get around ₹1 lakh crore in RBI dividend

Last week, the RBI announced a steep cut in the government's borrowing through Treasury Bills, reducing the amount of funds that the Centre would have garnered through these short-term instruments by ₹60,000 crore.

The Economic Times ITC's Sanjiv Puri takes over as CII president

Puri heads ITC Ltd, a conglomerate with businesses in FMCG, hotels, paperboards & packaging, agribusiness and IT. He is also the chairman of ITC Infotech India Ltd, its subsidiaries in the UK and US and Surya Nepal Private Ltd.