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The Economic Times New IBBI guidelines aim at faster decisions and dispute resolution in insolvency process

The new guidelines for committees of creditors focus on several key areas, including the objectivity and integrity of decision-making, independence and impartiality, professional competence, and timeliness in the resolution process.

The Economic Times Bajaj Finance gets show-cause notice for 'GST evasion' of ₹341 crore

Recently, Bajaj Finance has received a ₹341 crore show-cause notice ​​​from the Directorate General of Goods and Services Tax Intelligence (DGGI) alleging tax evasion on loan processing charges, as per an Economic Times report. The consumer finance company faces 100% penalty for alleged ₹341 crore tax evasion from June 2022 to March 2024, ₹150 crore interest, and ₹16 lakh daily interest until payment is completed.

The Economic Times India Inc goes all out to retain top talent amid rising attrition

Edelweiss Life Insurance retained top talent by prioritizing employee experience and strategic promotions. Companies like Bajaj Electricals, Raymond, and L'Oréal India introduced training programs and international opportunities to engage high-performers. These initiatives involved mentorship, compensation strategies, and rigorous assessments to combat high attrition rates and nurture their workforce effectively.

The Economic Times Global demand muted; gradual improvement expected in domestic market: Tata Motors

Tata Motors recorded a net profit of INR 5,566 crore for the June quarter but expects international demand to remain low. Domestically, demand is anticipated to recover slowly, supported by new product launches and the festive season. The company is also focused on reducing costs and accelerating retail sales despite high inventory challenges.

The Economic Times SEC fines investment firm for falsifying financial performance

​The Securities and Exchange Commission (SEC) has settled fraud charges against Ideanomics and its former Chairman and CEO, Zheng (Bruno) Wu, for misleading the public about the company’s financial performance between 2017 and 2019.

The Economic Times Sensationalism or cause for concern? What experts and Opposition say on Hindenburg vs SEBI issue

Hindenburg Research's recent allegations against SEBI Chairperson Madhabi Puri Buch have sparked significant debate. While many experts dismiss the claims as baseless and sensationalist, with notable figures like former Infosys CFO Mohandas Pai and Deepak Shenoy criticizing the report's lack of substance, the Opposition has seized the opportunity to demand a Joint Parliamentary Committee (JPC) inquiry.

The Economic Times Hindenburg Saga: SEBI chief replies over 2015 investment, two companies allegation

SEBI Chief, Madhabi Puri Buch, and her husband, Dhaval, refuted allegations from Hindenburg Research about their investment history. They clarified the 2015 investment was made prior to Madhabi’s SEBI role and did not involve Adani companies. The couple also discussed Dhaval’s Blackstone role and Madhabi’s dormant consulting firms. Read the detailed story here:

The Economic Times CFOs' mantra for India’s decade: Resilience, innovation, and sustainability

At a panel discussion on "CFOs' Vision: Planning for India’s Decade," at ETCFO Turning Point conference, top finance mavens discussed strategies for leveraging emerging opportunities, fostering innovation, and ensuring sustainable growth.

The Economic Times What are the allegations levied by Hindenburg against SEBI chief?

Hindenburg Research alleged that SEBI Chairperson Madhabi Buch and her husband invested in offshore funds linked to Vinod Adani, Gautam Adani's brother. The report uncovered a network of complex financial arrangements involving Mauritius and Bermuda. Madhabi Buch and her husband Dhaval Buch first appear to have opened their account with IPE Plus Fund 1 on June 5th, 2015 in Singapore, per whistleblower documents. Read the case here:

The Economic Times Hindenburg report: Gautam Adani-led co denies commercial relationship with SEBI chairperson Madhabi Puri Buch

The Adani Group has denied allegations from US short seller Hindenburg Research that SEBI chairperson Madhabi Puri Buch was involved in offshore entities involved in the Adani money siphoning case. The group denied any commercial relationship with individuals or matters mentioned and reiterated that its overseas holding structure is fully transparent. The group also dismissed Hindenburg's allegations as baseless and accused the US-based company of attempting character assassination in response to a show-cause notice issued by the regulator in the Adani controversy.

The Economic Times Hindenburg alleges SEBI chief’s stake in obscure offshore entities used in Adani scandal

Hindenburg Research claimed SEBI Chairperson Madhabi Buch and her husband were linked to offshore entities tied to the Adani money siphoning scandal. According to whistleblower documents, they opened an account in 2015 and their net worth was estimated at $10 million.

The Economic Times TV Somanathan appointed as Cabinet Secretary

The Appointments Committee of the Union Cabinet has appointed TV Somanathan, a 1987-batch IAS officer, as India's new Cabinet Secretary, effective August 30. Currently serving as the Finance Secretary, Somanathan will have a two-year term. He will first assume the role of Officer on Special Duty in the Cabinet Secretariat until he officially takes over. His previous roles include Joint Secretary in the Ministry of Corporate Affairs, and Joint Secretary/Additional Secretary to the Prime Minister.

The Economic Times Centre appoints T V Somanathan as Cabinet Secretary; to replace Rajiv Gauba

The 1987-batch IAS officer is currently the finance secretary of India.

The Economic Times Novamax Appliances invests Rs 35 crore to set up a manufacturing facility in Gorakhpur

Speaking about the new investments, Harshit Aggarwal, CEO and founder of Novamax Appliances said, “With this facility, we aim to enhance our production capabilities and ensure timely delivery to our customers. Our goal is not only to expand our market reach but also to create substantial employment opportunities and encourage economic growth in the local community.”

The Economic Times Gift City-like zones, IP-linked schemes key for manufacturing: PwC Chief Sanjeev Krishan

PwC India's chairperson, Sanjeev Krishan, suggested that India could establish 5-6 large manufacturing zones similar to the Gift City financial hub to meet its $1 trillion goods export target, potentially one year ahead of schedule by fiscal 2029. The PwC report, 'VIKSIT: An approach for India to achieve $1 trillion exports', outlines a six-pillar framework for this goal, including value addition, infrastructure investments, and technology enablement.