Subhash Chandra, the chairman of Essel Group, reassured lenders regarding the reconciliation of outstanding dues from borrowers. He highlighted that his personal debt stands at zero, backed by ₹22,000 crore in personal guarantees. The repayment strategy involves Chandra committing ₹6.25…
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On Monday, Indian stock indices Sensex and Nifty dipped significantly, with broader market indices like Nifty Smallcap and Midcap also experiencing more severe declines. Major players like Infosys and Tata Steel were among those causing the downturn. In a contrasting…
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The GST Council will meet on September 12 to discuss key reforms. Proposals include easier input tax credit access for buyers and simplified corporate guarantee treatment. Small businesses may soon register in multiple states for easier compliance. The meeting aims…
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Seasoned finance professional Dr. (CA) Ashok Haldia examines how the Hong Kong High Court’s Evergrande ruling could erode the liability shield of global accounting networks, force structural changes in the Big Four model, and offer India a critical opportunity to…
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India’s manufacturing sector is currently hindered by policy execution challenges and lack of consistent regulations. To foster business growth, the transition from single-window processes to integrated implementations is vital. Embracing a flexible regulatory approach that responds to changing technologies and…
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The proposed corporate law overhaul may ease CSR compliance for thousands of companies, but a dissent note has raised concerns over weaker board level scrutiny of corporate social spending. The proposed changes would raise both the CSR applicability and separate…
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