The Reserve Bank of India has initiated insolvency proceedings against Aviom India Housing Finance Private Limited following governance concerns and payment defaults. A forensic audit revealed accounting fraud, leading the company to file a criminal complaint. Aviom primarily serves low-income…
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The semiconductor and electronics sector is set for a transformative shift with expectations high for Union Budget 2025. As India aims to solidify its position as a global hub for semiconductor manufacturing, industry leaders are urging the government to focus…
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Whirlpool Corporation plans to reduce its stake in Whirlpool of India from 51% to around 20% by mid-to-late 2025 through market sales. The company aims to grant more autonomy to its Indian arm while maintaining brand and technology agreements. Whirlpool…
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Sreenivasan, currently serving as CFO, will step down at the end of January but will remain with the company as President – Insurance and Special Projects.
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Union Budget 2025 India Job Market: India’s job market struggle is highlighted by high numbers of overqualified applicants for low-skill jobs. A recent survey indicates jobless growth as a primary economic threat. The upcoming budget needs to prioritize job creation,…
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Ahead of the Budget 2025, the industry remains divided over the 45-day payment rule for MSMEs. The government’s rule, aimed at improving cash flow, has inadvertently created challenges, especially for sectors with longer working capital cycles.
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