A new Creditor-initiated Insolvency Resolution Process (CIIRP) aims to expedite debt resolution, allowing financial creditors with 51% debt share to initiate proceedings. This bypasses the NCLT admission process, with the tribunal’s role limited to moratorium and plan approval. The entire…
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India’s exports of engineering goods, auto parts, and machinery to Europe face potential carbon tax hikes as the EU expands its Carbon Border Adjustment Mechanism. Starting 2028, the CBAM will cover a wider range of manufactured industrial goods, including stricter…
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Hindustan Unilever Limited has increased prices for its soap products. This move is a response to escalating costs of raw materials and packaging. The price hikes, ranging from Re 1 to Rs 20, are being passed on to consumers. This…
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Chartered accountants from WIRC met Maharashtra’s Co-operative Commissioner to advocate for audit reforms, extended timelines for auditor empanelment, and a revision of audit fees. They also requested formal inclusion in drafting the new co-operative policy, emphasizing the need for updated…
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Muted growth in unsecured lending weighed on yields for HDB Financial Services in Q4 FY26, but the NBFC expects a revival in the segment to support margins going ahead, even as it maintains a firm stance on risk-adjusted pricing. The…
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Kumar is a seasoned finance professional with over 30 years of experience in the public sector, specifically in power and infrastructure financing and previously served as the Executive Director (Finance) at REC.
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