The National Company Law Tribunal has ordered the corporate insolvency resolution process (CIRP) against Wind World (India) Infrastructure following a default on dues to IDBI Bank. The company, a subsidiary of the already distressed Wind World India Limited, argued its…
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India has reversed a policy that allowed tax-free imports of missile parts. This change comes after a government notification in September that exempted all such parts. An October correction removed ‘missiles’ from the exemption, reinstating older rules. This reversal impacts…
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The much-anticipated festive season may not deliver the usual consumption boost this year, with Ambit Capital warning that weak labour markets, slowing credit, and mounting tariffs could weigh on consumer sentiment despite recent tax cuts.
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India is the world’s second-largest mobile market. Apple’s contract manufacturers Foxconn and Tata have pumped in billions of dollars to open five plants, but millions of those expenses go into acquiring pricey machines for iPhone assembly.
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Private equity (PE) and venture capital (VC) inflows into India climbed to a three-year high of $26 billion in 2025, led by strong momentum in information technology (IT) and consumer staples, even as exit values fell to a four-year low,…
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India’s spending on Russian crude oil dropped 14% to EUR 2.5 billion in September, making it the second-largest buyer of Russian fossil fuels after China. Despite a month-on-month decrease, state-owned refineries saw their Russian crude imports fall to their lowest…
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