IBC was drafted in a way that it allowed banks and other creditors to invoke the provisions to recover the dues from guarantors, in case the claims were not fully realised through the corporate insolvency resolution process. (Representative Image) NEW DELHI: Insolvency & Bankruptcy Code (IBC) may have helped recover around 31% of claims in…
Indian equities remain under pressure as investors navigate a difficult combination of elevated crude oil prices, rising global bond yields and renewed uncertainty surrounding the US-Iran conflict. The Sensex and Nifty have already endured a prolonged losing streak, with the Nifty falling for six consecutive sessions through Tuesday. The index lost 132.75 points, or 0.55…
Wilson Campbell is set to depart as Air India CEO Air New Zealand has appointed outgoing Air India CEO and Managing Director Campbell Wilson to its board, marking his return to a non-executive role after more than three decades in the aviation industry.Wilson, who has been leading Air India’s transformation, will step down from the…
The push for wider PNG adoption gathered pace during the Middle East conflict earlier this year. (Image for representative purpose only) Looking to push for faster adoption of piped natural gas (PNG), the government has introduced an additional incentive for city gas distributors to expand household piped-gas networks. The scheme offers 200 standard cubic metres…
The 30-year Treasury yield, which recently reached its highest level since 2007, declined more sharply. US stock market today: Wall Street edged higher on Wednesday after the US Treasury Department said it could increase its purchases of government bonds, easing some of the pressure that has been weighing on financial markets globally. The market also…
Analysts and traders aid refiners in both countries are likely to continue earning billions of dollars from stronger exports. (Representative image) With global fuel supplies disrupted due to the Middle East crisis and Russia-Ukraine war, refiners in India and the US have emerged as beneficiaries. Oil refiners in the two countries are benefitting significantly as…
File photo: Moscow pumps face queues amid fuel shortages (Picture credit: Reuters) Russia is importing nearly 270,000 metric tonnes of refined fuel from Asia this month, using ship-to-ship transfers to bring in supplies as repeated Ukrainian attacks on its oil refineries reduce domestic fuel production, according to preliminary shipping data and trade sources cited by…
US exports from India stood at $87.31 billion in 2025-26, up from $86.51 billion in 2024-25. India’s dependence on the US as its biggest export market has remained largely unchanged despite President Donald Trump’s tariff measures and New Delhi’s efforts to diversify trade, according to an analysis of commerce ministry data.The US accounted for around…
Assessments under Section 144B of the Act are often described as both “faceless” and “jurisdiction-less”. India’s faceless assessment regime is an important part of a broader strategy to move away from manual, officer-led discretion-based scrutiny to a technology-led standardised and transparent tax administration. It significantly reduces the need for in-person meetings, improves accountability, and ensures…
The projects are expected to add 410 km to the railway network, connect 6,448 villages and enable 76 million tonnes of additional freight traffic annually. The Union Cabinet on Tuesday approved five infrastructure projects worth a total of Rs 13,041 crore, including four railway multitracking projects costing Rs 9,450 crore and the four-laning of an…
