Brookfield acquires Jet Airways’ office property in Mumbai through insolvency process
The sale was conducted under the Insolvency and Bankruptcy Code (IBC) and overseen by the National Company Law Tribunal (NCLT).
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India’s textile exports face uncertainty as companies shift production to Vietnam, Indonesia, and Africa
Facing potential tariffs, some Indian textile companies like Pearl Global Industries are shifting US-bound production to countries like Vietnam, Indonesia, and Bangladesh, where tariff structures are more favorable. This strategic move aims to maintain customer relationships and profitability amidst evolving…
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US tariffs force Indian electronics makers to explore new markets amidst pricing challenges
US tariffs are prompting electronics makers to reconsider Indian expansion and explore alternative markets, negating India’s pricing advantage over China. Munoth Industries fears losing its US business due to potential tariffs on lithium cells, impacting revenue projections. Dixon Technologies adopts…
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No impact of rare earth magnets supply issue on production: Tata Motors Group CFO PB Balaji
Speaking during an earnings call, Balaji noted that while some challenges may arise in the coming quarters, the company is actively working to resolve them and fully de-risk its operations.
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RBI asks AU promoter to move holding to NOFHC for final nod as universal bank
The Reserve Bank of India has mandated AU Small Finance Bank’s promoters, including Sanjay Agarwal, to transfer their holdings to a non-operative financial holding company (NOFHC) before granting final approval for universal banking operations. This move aims to ring-fence the…
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Sebi chief calls for redefining role of independent directors as stewards of accountability
Sebi chief Tuhin Kanta Pandey urged a redefinition of independent directors’ roles as stewards of accountability, advocating for broader diversity and cognitive diversity on boards. He emphasized embracing technology for smarter governance, shifting the focus from mere compliance to fostering…
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