business

Union Bank to Challenge NCLT Order on Subhash Chandra Insolvency Plan in NCLAT

Union Bank of India will challenge the NCLT’s approval of Subhash Chandra’s personal insolvency resolution plan before NCLAT. The lender, along with Canara Bank and LIC Housing Finance, had opposed the plan, citing concerns over recoveries.

Govt Says CBG Price Hike Will Have Negligible Impact on CNG, PNG Consumers

India, Argentina Deepen Trade Ties, Explore Lithium and Pharma Market Access

PM Modi’s Kyrgyzstan Visit to Boost India-Kyrgyzstan Trade, Investment Ties

Subhash Chandra case: Facts behind Rs 22,006 crore claims and NCLT order

Government sources clarify that the Rs 22,006 crore figure represents admitted claims against Subhash Chandra as a personal guarantor, while the NCLT-approved plan provides for around Rs 6.25 crore from his personal estate.

India, Canada can bring certainty to global growth: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman said India and Canada can strengthen global growth by enhancing cooperation in food and energy security, critical minerals and supply chains.

S&P affirms India’s BBB rating with stable outlook; sees 7% growth

S&P has affirmed India’s ‘BBB’ long-term and ‘A-2’ short-term sovereign credit ratings with a stable outlook, citing policy stability, infrastructure investment and strong growth prospects.

HDFC Bank May Challenge NCLT Order Giving 99.97% Debt Haircut to Subhash Chandra

HDFC Bank says it is exploring NCLAT appeal against NCLT order approving Subhash Chandra’s repayment plan with nearly 99.97% haircut on Rs 22,006 crore dues

57% of Indian Office Occupiers Say AI Has No Impact on Leasing Decisions: CBRE Report

CBRE report says 93% of Indian office occupiers are implementing AI, but 57% see no material impact on leasing decisions yet

Indian Firms Can Use Panama as Gateway to Latin America, Says Ambassador

Panama can offer Indian companies a strategic gateway to Latin America and the Caribbean through logistics, free trade zones and regional distribution hubs