RBI Deputy Governor M Rajeshwar Rao advocated for a mandatory code of conduct for the Committee of Creditors (CoC) in insolvency resolutions. He highlighted issues like prioritizing individual interests over collective ones and disagreements over valuation and distribution. Rao suggested…
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The National Company Law Tribunal (NCLT) has directed Tata Capital and Tata Motors Finance to hold shareholder and creditor meetings. The meetings aim to secure approval for the proposed merger of the two Tata Group non-banking finance companies. The companies…
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The Reserve Bank of India in its lastest MPC meeting kept the repo rate unchanged at 6.5 per cent for the 11th consecutive time with a neutral policy stance. The RBI has further projected FY25 growth at 6.6 percent, down…
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Sebi cautioned investors against using unregistered online platforms offering unlisted debt securities. These platforms operate outside Sebi’s regulatory purview, lacking investor protections. Investors are urged to use platforms operated by registered stockbrokers and report suspicious activities to Sebi. BSE also…
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Flipkart, India’s leading e-commerce giant, is gearing up for a landmark IPO within the next 12-15 months. The Walmart-owned company has initiated the process by shifting its domicile to India, aiming for a public listing by late 2025 or early…
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A recent survey revealed a concerning bribery issue. 66% of businesses across 159 districts admitted to paying bribes. 54% felt forced, while 46% paid to speed things up. Bribery occurred despite computerization efforts. Businesses paid bribes to various entities, including…
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