Gulshan Kumar Sakhuja has resigned from his position to pursue opportunities outside of the organisation.

"My broad sense is that the government is still operating with a 20th-century mindset," said Subhash Chandra Garg.

Mumbai-based B2B e-commerce platform Bizongo has announced the appointment of Gaurav Singhania as Group Chief Financial Officer. In addition, Bizongo is expanding its offerings with BizongoBuy and BizongoFin to further its market presence.

Deloitte reported a $67.2 billion global revenue for FY2024, marking a 3.1% increase. With notable growth in Tax & Legal and a strategic FY2025 restructure, the firm targets enhanced integrated solutions and tech-driven transformation.

Challa Sreenivasulu Setty, the new chairman of State Bank of India, is aiming to leverage the bank's extensive network and brand to attract more deposits while managing risks in infrastructure financing. He emphasises technology, customer service, and cyber security as key priorities to enhance productivity and maintain consistent performance.

Reliance Retail is set to transfer its FMCG brands, including Campa and various private labels, to Reliance Consumer Products Ltd (RCPL) for rapid business expansion. RCPL plans exclusive bottling plants for Campa and is preparing for a capital infusion of up to Rs 3,900 crore through equity and debt. This strategic move aims at enhancing brand availability.

​​ As per the PwC India report titled, 'Mapping the FinTech innovation landscape in India' data analytics also continues to emerge prominently across nearly 74 per cent responses, underscoring its integral role in driving insights and decision-making within the financial services (FS) sector.

A shareholder has approached the NCLAT challenging the NCLT's approval of ICICI Securities' delisting application. The appeal cites misapplication of regulations, fraudulent voting, and non-transparency concerns. Quantum Mutual Fund and minority shareholders argue that the share swap negatively impacts them. An investor has also moved the Bombay High Court against SEBI's decision.

Markets regulator Sebi has exempted Spice Healthcare Pvt Ltd from making an open offer to SpiceJet shareholders in relation to acquisition of additional shares in the airline. On conversion of warrants that were issued to it, Spice Healthcare, a promoter group entity, would be acquiring an additional 13,14,08,514 equity shares in the airline.

Congress has accused Sebi chairperson Madhabi Puri Buch of trading in listed securities worth about Rs 37 crore during her tenure, violating conflict-of-interest policies. They also allege she invested in foreign assets, including Chinese funds. Congress demands an investigation into these claims by Prime Minister Narendra Modi.

Chief economic advisor V Anantha Nageswaran highlighted the necessity for banks to adapt to changing customer preferences and market dynamics. During an event by Indian Bank, he emphasized agriculture’s role in economic growth and commended the bank’s MSME Prerana programme. Indian Bank CEO S L Jain acknowledged Nageswaran’s valuable insights on the economy and banking sector.

The bulk of the layoffs is reportedly centred in the advisory and technology divisions, with a significant number of affected employees located offshore. Besides the layoffs, PwC’s products and technology teams are expected to be integrated into various business units.

Union Minister Pankaj Chaudhary will lead a Group of Ministers to revise the GST compensation cess nomenclature. The panel aims to decide on apportioning the cess collected from luxury and demerit goods between the Centre and states, while suggesting necessary legal changes for enforcement.

The GST Council has created a 13-member Group of Ministers, chaired by Bihar Deputy Chief Minister Samrat Choudhary, to suggest GST rates for health and life insurance products. The panel will submit its report by October 30. Currently, an 18 per cent GST is levied on insurance premiums.

Swiggy Ltd., an Indian food-delivery platform, is planning to file for its domestic IPO soon, aiming to raise over $1 billion. The company is awaiting approval from India's Securities and Exchange Board. Swiggy competes with Zomato, Amazon India, and Tata Group's BigBasket in the food delivery market.

Corporate India is prioritising employee health and wellness with companies like Deutsche Bank, Aditya Birla Health Insurance, and Philips integrating health goals into performance reviews. Initiatives include onsite diet consultants, wellness sessions, heart health assessments, and tracking health metrics. Aditya Birla Health Insurance now requires employees to incorporate health goals into their key result areas.

Large Indian conglomerates are strengthening their in-house legal teams with M&A specialists due to a surge in local and cross-border deals. Companies like Reliance Industries, Cipla, and Aditya Birla Group are hiring experienced lawyers to reduce reliance on external counsel and enhance transaction efficiency.

The lenders say the troubled edtech company has not made any contractually due payments in over 17 months and neither founder Byju Raveendran nor the Insolvency Resolution Professional has the authority to disqualify any term loan lender.

The Directorate General of GST Intelligence has identified the real money online gaming sector as a major tax evasion area, detecting Rs 1.10 lakh crore in evasion. Offshore entities based in tax havens pose significant challenges. The agency recommends a multi-agency approach and public awareness to tackle this issue effectively.

The real money online gaming industry has topped the list of tax evaders, as reported by the Directorate General of Goods and Services Tax Intelligence (DGGI). The agency detected tax evasion totaling around Rs 1.10 lakh crore, issuing show-cause notices to 34 taxpayers. Actions have also been taken against 118 domestic entities and 658 offshore entities.