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
BUSINESS
Goldman Sachs bucks the industry trend with booming India P-note business
In 2025, Goldman Sachs has executed at least 15 separate share purchases on behalf of its P-note clients, including investments in Eternal, Paytm and Bharti Airtel, a trend in stark contrast to the overall PN landscape.
BUSINESS
India Inc steps up mental health focus amid rising workplace stress
Companies such as HUL, Nestle, Infosys and Kotak Mahindra Bank are putting in place mental well-being support systems for their employees.
BUSINESS
Who are in charge of Jane Street India?
MCA filings of the trader show majority directors are foreign employees of Jane Street.
BUSINESS
No recourse for investors as Jane Street disgorgement will not yield compensation
Unlike the US and EU, there is a lack of restitution mechanism in India through which victims of market manipulation can be compensated
BUSINESS
Musk's Tesla reassures Indian suppliers amid Trump tariff worries
The EV maker told its suppliers that Tesla’s India procurement policy will not change irrespective of Donald Trump's tariffs
BUSINESS
Sebi’s Jane Street crackdown triggers global rethink on India's trading structures
Several leading wall street high-frequency trading firms have opened shop in India using structures similar to Jane Street's.
BUSINESS
Not taking loans or pledging shares for ZEE fund infusion: Subhash Chandra
Chandra’s comments came in an over 90 minute long call with analysts and investors, which the company said is part of its strategy to improve corporate governance and outreach to shareholders.
BUSINESS
ITAT ruling provides respite to off-shore debt funds in India
The Delhi bench of the tribunal held that all kinds of debentures, including CCDs and OCDs, are eligible for concessional tax rate of 5% against the treaty rate of 15%
BUSINESS
Proxy advisory firms ask Zee shareholders to vote against warrant issuance to promoters
The planned allotment will increase the shareholding of chief executive officer Punit Goenka and family to 18.39 percent from 3.99 percent
BUSINESS
HGIL lender shoots contempt of court notice to successful bidder INSCO
In the notice, the lender has accused INSCO of diverging from the Supreme Court’s 24 order, which said INSCO had to match the AGI Greepac offer in every aspect
BUSINESS
Lalithaa Jewellery promoter doubles ups as brand ambassador, fee raises governance worries ahead of IPO
The company had passed a resolution discontinuing the brand ambassador fee arrangement with effect from FY24-25.
