Adani Energy Solutions eyes capex hike to ₹18k crore
AESL’s profit after tax surged 87 per cent year-on-year to ₹714 crore in the March quarter, while total income rose 36 per cent to ₹6,596 crore.
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Chinese firms turn to Indian exporters to help fill US orders
Trade war impacts global commerce. Chinese firms seek Indian exporters to fulfill US orders due to tariffs. Indian companies are approached at Canton Fair. They will supply goods to US customers, paying commission to Chinese businesses. Some US firms are…
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IndusInd Bank forensic audit confirms Rs 1,960 crore hit from derivative lapses, matching external review
IndusInd Bank disclosed that an independent review found a cumulative Rs 1,959.98 crore impact on its P&L from incorrect accounting of derivative trades, mainly due to errors around early terminations, same as revealed after the external audit on 15th of…
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After Sunil Mittal, Mukesh Ambani’s Reliance aims for Haier India stake
Reliance Industries has emerged as a strong contender for a significant stake in Haier India, potentially competing with a consortium led by Sunil Mittal. Haier aims to localize its operations by diluting 25% to 51% equity, seeking a valuation of…
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Centre notifies new rules for GST Appellate Tribunal
The government has notified the Goods and Services Tax Appellate Tribunal (GSTAT) (Procedure) Rules which make it online filing of applications mandatory, provide for hybrid hearings and listing of cases on an urgent basis steps that will make the adjudication…
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SC allows RBI to start fresh proceedings against big defaulters
The Supreme Court has overturned high court orders that had halted actions against major defaulters, allowing the RBI and banks to resume proceedings. The court clarified that quashing administrative actions doesn’t prevent authorities from initiating fresh proceedings. FIRs and criminal…
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