COMPANIES & SECTORS


Moneylife Digital Team 19 June 2025
India’s Insolvency and Bankruptcy Code (IBC/the Code) continues to shape borrower behaviour positively and unlock recoveries for lenders, but the process remains fraught with delays and high haircuts, reveals a detailed analysis by rating agency ICRA Ltd. The report, based on data till March...

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Moneylife Digital Team 19 June 2025
Air India's chief executive officer and managing director (CEO&MD) Campbell Wilson has addressed passengers directly in the aftermath of the tragic crash of Flight AI171, which claimed the lives of 241 passengers and crew as well as 34 people on the ground. In an email, he says the airline has...

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India’s aviation sector is, once again, battling fierce headwinds and, this time, the centre of the storm is Air India. If you have been reading news reports over the past week, it is no longer about the one horrific crash of Air India’s flight AI171 from Ahmedabad to London on 12th June. A...

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Praisy Thomas (Bar  and   Bench) 18 June 2025
The Kerala High Court on Wednesday ordered the conditional arrest of the vessel MV MSC Polo-II in connection with cargo loss claims linked to the sinking of its sister ship, MSC Elsa-3, off the coast of Alappuzha district. (Sans Cashew India Private Limited v Owners and Parties interested in...

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Moneylife Digital Team 17 June 2025
Asset reconstruction companies (ARCs) are expected to see a significant uptick in debt recovery from stressed real estate projects this fiscal, with recovery rates poised to rise by 1,600bps (basis points) to 38%, says a note from CRISIL Ratings.   A CRISIL Ratings analysis of around 70...

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Moneylife Digital Team 17 June 2025
India's civil aviation sector is grappling with a wave of flight-related incidents this week, including a major schedule disruption for Air India and two alarming episodes involving IndiGo flights. So far, on Tuesday, Air India has cancelled its flights between Ahmedabad and London, London and...

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Moneylife Digital Team 16 June 2025
The directorate of enforcement (ED) has withdrawn a summons issued to senior advocate Arvind Datar in connection with its ongoing investigation into an employee stock option plan (ESOP) granted to Dr Rashmi Saluja by Care Health Insurance Ltd, a wholly-owned subsidiary of Religare Enterprises...

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Moneylife Digital Team 16 June 2025
In a major blow to noted Chennai-based restaurateur M Mahadevan, the Chennai bench of the income tax appellate tribunal (ITAT) has ruled that the entrepreneur engaged in a 'colourable device' to avoid taxes on long-term capital gains (LTCG) amounting to Rs2.94 crore. Simultaneously, the...

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In 2017, addressing the chartered accountants (CAs), the prime minister (PM) set out his wish for a doubling of the roster of the Big Four accounting firms with names that are desi. He had set out a time frame of five years.     It has been almost eight years and the noticeable change is...

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SN Thyagarajan (Bar  and   Bench) 13 June 2025
The National Company Law Tribunal (NCLT) at Ahmedabad on Friday admitted an insolvency plea filed by Indian Renewable Development Agency (IREDA) against Gensol Engineering Limited, owner of BluSmart.   A coram of Judicial Member Shammi Khan and Technical Member Sanjeev Kumar said, "The...

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Moneylife Digital Team 13 June 2025
India’s Cabinet approved two rail track doubling projects worth Rs6,405 crore, aimed at bolstering freight capacity by 49MT (million tonnes) annually across Jharkhand, Karnataka and Andhra Pradesh. The 133km (kilometre) Koderma-Barkakana route, vital for coal transport and linking Patna to...

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Moneylife Digital Team 10 June 2025
The Bombay High Court (HC) on Tuesday directed the Mumbai Metropolitan Region Development Authority (MMRDA) to pay Rs1,169 crore to Mumbai Metro One Pvt Ltd (MMOPL), a subsidiary of Reliance Infrastructure Ltd, as part of an arbitration award. The Court instructed MMRDA to deposit the full...

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Moneylife Digital Team 10 June 2025
The Mumbai bench of the national company law tribunal (NCLT) has granted a 90-day extension in the ongoing consolidated corporate insolvency resolution process (CIRP) of Lavasa Corporation Ltd, a planned hill city project in Maharashtra, beginning from 29 May 2025.   In its order dated 2 June...

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Moneylife Digital Team 10 June 2025
India’s automotive sector could be headed for a bumpy ride, with CRISIL Ratings warning that a shortage of rare earth magnets, crucial components for electric vehicles (EVs) and hybrids, may disrupt production and dent growth. The shortage stems from China’s recent export restrictions and...

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Moneylife Digital Team 06 June 2025
In its most forceful monetary policy move in nearly five years, the Reserve Bank of India (RBI) cut the repo ate by 50bps (basis points) to 5.5% in June 2025. This is the third consecutive reduction this year, bringing the cumulative rate cut to 100bps  since February. With inflation easing to...

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Moneylife Digital Team 06 June 2025
The Indian government is considering handing over industrial training institutes (ITIs) to industry associations, as part of a revamped skilling framework. Under the proposal, curriculum, training and placement responsibilities will shift to the private sector, while the government continues...

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SN Thyagarajan (Bar  and   Bench) 06 June 2025
The United States Supreme Court recently ruled that a $1.29 billion arbitral award enforcement suit filed by Mauritius-based CC/Devas and India-based Devas Multimedia (plaintiffs) against India’s Antrix Corporation can proceed in US courts without the plaintiffs having to show that Antrix had...

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SN Thyagarajan (Bar  and   Bench) 05 June 2025
The National Company Law Appellate Tribunal (NCLAT) on Wednesday directed the National Company Law Tribunal (NCLT) to hear on June 9 the petitions filed by Gensol subsidiaries BluSmart and Matrix Gas challenging the freezing of their bank and demat accounts.   The order was passed by a...

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Moneylife Digital Team 03 June 2025
Adani Enterprises Ltd (AEL) has strongly refuted a report published by The Wall Street Journal (WSJ) on 2 June 2025 regarding alleged links between Adani group entities and Iranian-origin liquified petroleum gas (LPG) shipments, calling the claims 'baseless and mischievous'.   In a regulatory...

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Moneylife Digital Team 02 June 2025
The Indian government has notified the guidelines for a scheme to promote the manufacturing of electric passenger cars in the country, Union minister for heavy industries HD Kumaraswamy informed while briefing the media in New Delhi on Monday.    Until now, Mercedes-Benz, Kia, Hyundai and...

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