BUSINESS
Appointment of 'politically exposed persons' to PSU boards faces pushback from mutual funds
At least five fund houses have voted against appointing politically connected persons to PSU boards, flagging governance and disclosure concerns. All resolutions got through
BUSINESS
NITI Aayog’s presumptive tax proposal for MNCs to reduce transfer pricing disputes
Permeant Establishment(PE) and transfer pricing disputes have been on the rise in India for MNCs often leading to prolonged litigation.
BUSINESS
Buyback issuances fall 95% in 2025 as government ends tax arbitrage
Shares worth Rs 916 crore have been bought back this year, so far, compared to Rs 13,539 crore in 2024.
BUSINESS
Sebi puts Sterlite Electric IPO on hold over US short seller’s allegations against parent Vedanta
The regulator is currently examining the allegations by Viceroy and has also sought relevant details from the company. The regulator’s website on October 27 showed that Sterlite’s public issuance has been kept in abeyance.
BUSINESS
India’s GCCs emerge as AI-driven hubs powering global retail giants
Once focused on technology and banking, global capability centres in India are now becoming digital command hubs for global retail and consumer goods companies
BUSINESS
More Indians heading abroad for luxury and longer holidays, spending big billions since pandemic
Indians have spent $50 billion on overseas travel in the last 3 years accounting for 55% of total LRS remittances by Indians.
BUSINESS
Writ Petition Filed In Bombay High Court Alleging ₹313-Crore Stamp Duty Shortfall By ArcelorMittal Group
The petitioner claims that the Collector of Stamps (Mumbai) has already issued show-cause notices to the ArcelorMittal Group dated June 10, 2025, and June 19, 2025.
BUSINESS
HNG raises Rs 1,600-crore debt funding from Cereberus, World Bank’s IFC
This marks the Madhvani family's first fundraising effort for HNG Resolution following its acquisition through the Insolvency and Bankruptcy Code process.
BUSINESS
Some AI tools unfairly impacting online prices, shows a CCI report: Can regulators rein in the algorithm?
A report by Competition Commission of India (CCI) on Artificial Intelligence has highlighted how AI tools could be getting used for unethical price manipulation and predatory pricing.
BUSINESS
One person companies rise 20% in a year as formalisation of small Indian entrepreneurs gathers momentum
In the year ending August 31, total number of OPCs went up nearly 20 percent to 71,745 from 60,084 in the previous year
BUSINESS
New foreign fund registrations in India surge, defying broader FPI sell-off
India has added 287 new FPIs this year, so far, even as foreign funds have net sold shares worth Rs 1.5 lakh crore
BUSINESS
Rs 3.8 lakh crore stuck in pending clawback from promoters of bankrupt firms evading recoveries
Official data for FY25 showed that 1,396 avoidance cases, collectively valued at Rs 3.8 lakh crore have been filed across various National Company Law Tribunal (NCLT) benches.
BUSINESS
Mauritius-based FPIs get tax relief as tribunal rules mutual fund units are not shares
This verdict will also positively impact FPIs based out of jurisdictions such as Singapore which have similarly worded tax treaties with India
BUSINESS
Sebi has issued 2,220 administrative warnings to foreign funds in last 2 years
These warnings came after an August 2023 circular in which Sebi tightened beneficial ownership norms
TRENDS
Explainer: Why personal Wills are leading to succession disputes in India Inc?
Following the death of business leader Sunjay Kapur, a legal dispute emerged over his assets, with his children from first marriage to actress Karisma Kapoor challenging a Will presented by his widow, Priya Sachdev.
BUSINESS
Lack of clarity on evidence sharing continues to lead securities market disputes
Jane Street had moved SAT last week alleging that Sebi did not provide complete inspection of documents to the firm in connection to the interim ex-parte order passed against the trader.
BUSINESS
Indian regulators probed atleast 10 large HFT traders along with Jane Street
These investigations were centered around some of the Futures and Options (F&O) trades made by these firms in the options segment, especially in Nifty Options.
BUSINESS
Axis Trustee Services faces Sebi probe in Embassy REIT matter
The case pertains to the 'fit & proper’ criteria of Embassy REIT’s former CEO Arvind Maiya against whom Sebi issued an interim order in November 2024
BUSINESS
Norges Bank is India’s second-largest FPI as value of holding triples since 2022 to Rs 1.42 lakh crore
Along with the Government of Singapore, which retains the top spot with assets worth Rs 2.03 lakh crore, the two biggest offshore investors in Indian equities are both sovereign funds.
BUSINESS
Top sellers on leading e-commerce platforms report Rs 72,000 crore revenue, report profit margins at 0.5%
These sellers are part of a broader group of ten entities on leading online marketplaces—such as Amazon and Flipkart—that together recorded approximately Rs 72,000 crore in revenue in FY24, according to filings reviewed by Moneycontrol
BUSINESS
Jane Street may face higher tax after probe into offshore control
On July 31, the I-T department surveyed Nuvama Wealth, which acts as the custodian for Jane Street's foreign entities amid concerns that the proprietary trading firm’s Indian operations are effectively controlled from abroad
BUSINESS
Bharat Forge to let recently acquired AAM India operate as independent entity till 2031
The company has agreed to several voluntary tweaks to the deal to get the Competition Commission of India's approval for to the Rs 746-crore acquisition
BUSINESS
Mumbai International Airport caught in Rs 873 Crore Tax Tussle Over GVK-Era Transactions
MIAL has submitted a representation to CBDT seeking reprieve from the demand, sources.
BUSINESS
China's central bank faces uncertainty over HDFC Bank's bonus issue due to Chinese investment norms
As on March 31, the PBC held 3.4 crore shares in HDFC Bank, valued at approximately $800 million
