IBC cases slow down as banks reconsider recovery approach
The Insolvency and Bankruptcy Code (IBC), once hailed as a transformative resolution mechanism, is witnessing a slowdown in case admissions, with banks showing reluctance to tap this channel for recoveries. While the IBC remains the dominant tool for resolving distressed debts, delays in case admissions and diminishing recovery percentages are
India-Mauritius DTAA: Supreme Court stays Delhi High Court ruling on Tiger Global
Supreme Court on Friday stayed a decision by the Delhi High Court in the matter of Tiger Global with reference to India-Mauritius Double Taxation Avoidance Agreement (DTAA). Experts feel this could bring uncertainty for foreign investors. A division bench of Justices J B Pardiwala and R Mahadevan said that the
India’s business growth hits 14-month low in January, PMI shows
India’s business activity grew at the slowest pace in over a year in January, a survey showed, highlighting emerging cracks in its world-beating economic growth at start of 2025 although firms hired new staff at a record pace. The services industry is the major engine of Asia’s third-largest economy and
SC rejects PIL seeking to scrap TDS system, calls it ‘badly drafted’
The Supreme Court on Friday refused to entertain a PIL seeking to declare that the Tax Deducted at Source (TDS) system is “manifestly arbitrary, irrational and violative of various fundamental rights”. A bench of Chief Justice of India Sanjiv Khanna and Justice Sanjay Kumar declined the plea filed by advocate
Salam Kisan signs pact with Maharashtra government and Microsoft at World Economic Forum
Salam Kisan (PRYM Solutions) has signed a memorandum of understanding (MoU) with the Maharashtra government and Microsoft to democratise agricultural drone technology. A media statement said this MoU, which was signed at the World Economic Forum 2025, directly addresses the accessibility and affordability barriers that smallholder farmers face in India.
India’s Jan business growth at 14-month low due to weaker services demand, PMI shows, ETCFO
By Anant Chandak BENGALURU – India’s business activity grew at the slowest pace in over a year in January, a survey showed, highlighting emerging cracks in its world-beating economic growth at start of 2025 although firms hired new staff at a record pace. The services industry is the major engine
PR industry in India to grow to ₹4570 crore by FY 2030: PRCAI
Outpacing global growth trends, the PR industry in India touched the ₹2500 crore mark in FY 2023, up 19 per cent year-on-year, and is poised to grow to ₹4570 crore by FY 2030 with a compounded decadal CAGR of 12.8 per cent, a report by the Public Relations Consultants Association
Karnataka Governor Gehlot returns the Mineral Tax Bill, seeks clarification
The Karnataka Governor Thawar Chand Gehlot has returned the Mineral Tax Bill, according to news reports. The Governor cited queries raised by mining associations as the reason for his decision. Commenting on the development, Congress spokesperson, BL Shankar stated, “This Bill was introduced in the interest of the community. Both
World Economic Forum: Trump tells businesses to manufacture in US or face tariffs
US President Donald Trump on Thursday addressed the World Economic Forum where he offered business leaders low taxes if they manufacture their products in the US, while threatening them with tariffs if they don’t. Addressing the forum’s Annual Meeting here through video conferencing, Trump also said he is going to
TN emerging hub for R&D, advanced manufacturing: Rajaa in Davos
At the World Economic Forum (WEF) Annual Meeting 2025 in Davos, Team Tamil Nadu pitched the State as an emerging destination for research, development and advanced manufacturing in over 50 intensive meetings and engagements. The delegation, led by State Minister for Industries TRB Rajaa, highlighted the new ambition to move