The government could soon promulgate an ordinance to make changes to the Insolvency and Bankruptcy Code that will provide relief to small businesses and homebuyers

Steps taken by the resolution professional (RP) for Alok Industries to recover trade outstanding to the tune of Rs 11,622 crore from 5,293 debtors

The government must amend the IBC to recognize the legitimate claim of home buyers. After all, they use their lifetime savings to invest in a house.

Eleven public sector banks are under the radar of the Reserve Bank of India (RBI) over the issue of non-performing assets.

India’s sovereign bonds rallied after the central bank allowed lenders to spread out trading losses, a second policy decision in two weeks to revive a debt market that had sold off for seven months.

Jyoti Structures, one of the 12 entities from the first central bank list to be taken to bankruptcy courts, would head into liquidation, inflicting a loss of Rs.7,000 crore on the affected bankers, people in the know told ET.

The Government and the Reserve Bank of India (RBI) may need to venture in to stay away from an uncommon occasion in Indian banking.

As one of the most eventful quarters for banks comes to a close, lenders’ balance sheets are hit by a triple whammy that could take them a while to recover.

Indian mutual funds will be allowed to invest in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs), the market regulator said on Saturday, a move aimed at boosting investor interest in such alternative investments. The Securities and Exchange Board of India (SEBI) had been working on easing regulations on REITs and InvITs to woo … Continue reading “Mutual funds can now invest in REITs, InvITs”

CBDT vide its notification dated 05/10/2016 has notified form no. 68 under Rule 129 of income tax rule, to apply to Assessing offier for (i)  Immunity from penalty u/s 270A relating to “under reporting and misreporting of income” (ii) immunity from initiation of proceedings u/s 276C and 276 CC relating to willful attempt to avaid tax … Continue reading “CBDT notified form 68 to grant immunity from penalty u/s 270A, 276C and 276CC”