Business Insights
The Bombay High Court has granted interim protection to Sunil Biyani, a key figure in the Future Group, in connection with an alleged GST scam. The development comes amid ongoing investigations into tax irregularities, where authorities had sought to question Biyani regarding alleged violations. The court’s decision to shield him from arrest has sparked significant…
Zoho Corporation’s co-founder Sridhar Vembu has reignited debate around the growing dominance of global technology giants, comparing their influence to that once held by the British East India Company. In a series of remarks shared on social media, Vembu argued that today’s Big Tech firms are “bigger than most sovereign nations,” highlighting their financial power,…
Religare Enterprises Ltd, backed by the Burman family, has announced a major restructuring plan to split its financial services and insurance businesses into separate entities. This move is aimed at unlocking value for shareholders, streamlining operations, and providing sharper focus on each vertical. The demerger is expected to reshape Religare’s corporate structure and create independent…
The Reserve Bank of India (RBI) has taken strict action against several banks for non-compliance with regulatory norms, imposing monetary penalties to reinforce discipline in the financial sector. This move underscores RBI’s commitment to ensuring transparency, accountability, and adherence to rules across India’s banking ecosystem. Key Highlights of RBI’s Action Why RBI’s Action Matters Comparative…
Signature Global, a leading real estate developer, has announced a strategic partnership with RMZ, one of India’s largest commercial property groups, to invest ₹7,500 crore in developing premium commercial property projects in Gurugram. This collaboration is set to redefine the city’s skyline, strengthen its position as a corporate hub, and create new opportunities for businesses…
A recent JP Morgan report has reassured India’s IT services industry that artificial intelligence (AI) should be viewed as an enabling tool rather than a disruptive threat. The report emphasizes that while AI will transform workflows, enhance productivity, and automate repetitive tasks, it will not replace the core strengths of India’s IT services sector, which…
India’s smartphone manufacturing sector has emerged as one of the fastest-growing industries, supported by government initiatives like the Production-Linked Incentive (PLI) scheme and rising domestic demand. However, outdated Permanent Establishment (PE) tax rules are increasingly being seen as a potential obstacle to sustaining this momentum. Industry experts argue that unless tax frameworks are modernized to…
The Reserve Bank of India (RBI) has proposed new guidelines to regulate the conduct of recovery agents engaged by banks and non-banking financial companies (NBFCs). The move aims to protect borrowers from harassment and ensure ethical practices in debt recovery. Under the proposed framework, recovery agents will be allowed to make calls or visits only…
In a significant move against financial irregularities, the Enforcement Directorate (ED) has attached assets worth ₹200 crore in connection with a major bank fraud case in the Andaman and Nicobar Islands. The action comes as part of an ongoing investigation into alleged misappropriation of funds, fraudulent transactions, and diversion of loans by individuals and entities…
In a landmark judgment, the Supreme Court of India has ruled that spectrum allocated to telecom companies is not an asset that can be subjected to insolvency proceedings. This decision has far-reaching implications for the telecom sector, creditors, and the broader regulatory framework governing natural resources. The apex court clarified that spectrum remains a national…
