Parliamentary panel urges NFRA to conduct sectoral studies, frame industry specific audit guidance
Finance committee calls for separation of audit review and disciplinary functions to strengthen oversight.
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India reduces minimum public share float, paving way for NSE, Jio listings
The regulator last year proposed to halve the minimum amount of shares large companies had to offer in their IPOs, allowing those valued at above 5 trillion rupees ($57 billion) after listing to sell just 2.5% of their paid-up capital.
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Sebi sets new conditions for intraday borrowing by mutual funds from April 1
Capital markets regulator Sebi introduced a framework allowing mutual funds to use intraday borrowing to manage temporary liquidity mismatches. Effective April 1, the rules cap borrowing to same-day receivables, restrict usage purposes, mandate board-approved policies, and ensure asset management companies…
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NCLT orders liquidation of Hero Electric Vehicles after creditors reject resolution plans
The Delhi bench ordered liquidation after CIRP expired without a resolution plan securing the required 66% creditor approval, pushing the EV maker into an asset sale under the IBC process
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India stands tall in shaky world economy as Fitch lifts FY26 growth view to 7.5%
India’s economy is poised for robust growth, with Fitch Ratings projecting 7.5% expansion for the fiscal year ending March 2026, exceeding earlier forecasts. Strong domestic demand, fueled by consumer spending and investment, is the primary driver. Despite a recent slowdown,…
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Auto sector races to record February on double-digit sales growth
Indian automobile sales surged in February, marking the highest ever for the month. Passenger vehicles, two-wheelers, and three-wheelers recorded double-digit growth. This robust performance follows recent GST reductions. The industry anticipates continued demand in March. However, ongoing West Asia conflict…
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