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The Economic Times
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.
The Economic Times CBI files chargesheet against Fedders Electric over Rs 1,028 cr loss to banks
The CBI has filed a chargesheet against former executives of Fedders Electric and Engineering and others for allegedly defrauding a consortium of banks led by SBI of over ₹1,028 crore. The charges include cheating, criminal conspiracy, and forgery.
The Economic Times Indian households accumulated USD 9.7 trillion in wealth over last ten years: Morgan Stanley
Indian households have accumulated a remarkable USD 9.7 trillion in wealth over the past decade, according to a recent report by Morgan Stanley.
The Economic Times SC junks Sebi plea against SAT Relief to RIL, Ambani brothers
The Supreme Court dismissed SEBI’s appeals against penalties on Reliance Industries and its promoters, which were quashed by the Securities Appellate Tribunal (SAT). However, the court agreed to hear Reliance’s cross-appeal regarding the price manipulation case involving RPL shares
The Economic Times Why Ambani the hydrocarbon king is betting on a humble business
Reliance Industries, led by Mukesh Ambani, is pivoting towards clean energy by investing heavily in compressed biogas (CBG) plants. This move aligns with India's push for a gas-based economy and aims to utilize agricultural waste to produce cleaner fuel, potentially reducing reliance on LNG imports and addressing the issue of stubble burning.
