Rayzon Solar to file draft papers for Rs 1,500-cr IPO
Rayzon Solar Ltd, a Surat-based solar panel manufacturer, is preparing to file draft papers with SEBI by the end of this month for an IPO of approximately ₹1,500 crore.
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NCLT directs insolvency against Gensol, Gensol EV Lease; appoints IRP
The National Company Law Tribunal has initiated insolvency proceedings against Gensol Engineering and Gensol EV Lease following petitions by the Indian Renewable Energy Development Agency due to defaults of ₹510 crore and ₹218.95 crore, respectively. An interim resolution professional has…
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India’s forex reserves surge by $5.17 bn to reach $696.6 bn
India’s foreign exchange reserves surged by $5.17 billion to $696.66 billion for the week ended June 6, data released by the RBI on Friday showed.
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Unaccounted income invested in Virtual Digital Assets on CBDT radar
The Central Board of Direct Taxes is actively investigating potential tax evasion and money laundering related to cryptocurrency investments by high-risk individuals. Authorities are scrutinizing Virtual Digital Asset transactions for non-compliance with the Income-tax Act, focusing on discrepancies in ITR…
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US consumer sentiment up but economic worries remain: survey
US consumers bounced back somewhat in June from the shock of President Donald Trump’s wide-ranging tariffs, survey data showed Friday, but they still remain pessimistic about the economy. “However, consumers still perceive wide-ranging downside risks to the economy,” she added.
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FM Sitharaman to meet PSU bank chiefs on June 27 to review performance, boost lending
Following a sharp interest rate cut by the Reserve Bank of India (RBI), Finance Minister Nirmala Sitharaman will meet the heads of public sector banks on June 27 to review their financial performance and discuss key government schemes.
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