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Nearly a third of positions at the National Company Law Tribunal remain unfilled, impacting the government's insolvency reform initiative. This shortage has led to operational inefficiencies, delaying insolvency resolutions significantly. The average resolution time has surged to 716 days, far exceeding the 270-day deadline, posing challenges for corporate insolvency processes. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Hm1UBR0

Reliance Jio has urged telecom minister Jyotiraditya Scindia to have regulator Trai revise a consultation paper on spectrum allocation rules, emphasizing fair competition between terrestrial and satellite networks. Jio warns of potential legal battles if level-playing field considerations are not incorporated. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/giLZKX2

India's GJEPC has adopted new standards for defining a diamond, now requiring it to refer only to natural stones mined from the earth. This move aligns with the USA's FTC guidelines and aims to prevent lab-grown diamonds from being misrepresented. GJEPC is urging updates to the Consumer Protection Act to reflect this definition. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/vkOef2z

Hyundai Motor India Ltd plans to export its upcoming electric vehicles to similar emerging markets, such as Africa and Latin America, aiming to strengthen its position as a production hub. The company also focuses on localizing production elements, including battery packs and drivetrain power electronics, to offer competitively priced EVs. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3S5GN2P

India's foreign exchange reserves fell by $3.7 billion to $701.2 billion in the week ended Oct 4, marking the first decline in eight weeks. The drop includes a $3.5 billion decrease in foreign currency and a $40 million reduction in gold value. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/zhkSj0a

Air India has firmed an order for 85 Airbus planes, including 75 A320s and 10 A350s. This follows Tata Group's massive 470-plane order worth $70 billion and includes an option to purchase more planes from Airbus and Boeing. Tata is also merging AirAsia India and Vistara into AI Express and AI, respectively. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/FAC8Y4j

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TD Bank, the largest bank to date to admit to US Bank Secrecy Act violations, pleads guilty to money laundering-related charges and agrees to $3 billion in penalties. The Justice Department cites pervasive compliance failures over a decade. An asset cap limits TD's US operations, and CEO Bharat Masrani plans to retire, taking responsibility for the issues. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/syMHpjr

Retail inflation in September is expected to rise due to a poor base effect and increasing food prices, especially onions, potatoes, and chana dal. RBI Governor Shaktikanta Das highlighted concerns from weather events, geopolitical conflicts, and volatile oil prices, cautioning careful monitoring to maintain control over inflation. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/57KGRYX

In 1991, Ratan Tata took over as the chairman of the Tata Group from his uncle, JRD, who had been in charge for more than half a century. Ratan Naval Tata, a titan of industry, passed away at the age of 86. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/FIYiby5

Finance Minister Nirmala Sitharaman stressed the importance of examining facts before criticizing Sebi chief Madhabi Puri Buch following allegations by Hindenburg Research. She emphasized the transparency brought by Indian regulators and called for a review of consumer and wholesale price indices, while warning against unsustainable freebie giveaways by state governments. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/RytlU3n

Hero Motors has retracted its IPO plan worth Rs 900 crore, as indicated in an update with Sebi. The proposed IPO included a fresh issue to raise Rs 500 crore and an OFS worth Rs 400 crore by promoters. Proceeds were intended for debt payment and facility expansion. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/9Fbr5gJ

Close to 50 companies, including major players like TCS, Tech Mahindra, and L&T, have offered over 13,000 internships through the PM Internship scheme portal. Around 200 companies have registered so far, aiming to bridge the skills gap by targeting over 1.2 lakh internships this financial year. Opportunities span various sectors, and internships are focused on unemployed youth aged 21-24. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/I8gYFo5

Indian farmers receive only about one-third of the final selling price of fruits and vegetables, with intermediaries taking the majority share, in contrast to sectors like dairy where farmers get 70%. Research by RBI suggests policymakers improve productivity, expand storage, and leverage digital platforms to stabilize prices and increase farmers' earnings. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/FqkNfGT

Amul has successfully launched its milk in the US and is set to enter the European market. India, now the largest milk producer, is poised to supply one-third of the world's milk. The cooperative model from India, exemplified by Dr. Verghese Kurien, is highlighted as a significant contribution. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/gW1VtD3

Sanjeev Sanyal has been offered the post of chancellor of Gokhale Institute of Politics and Economics following Bibek Debroy's resignation citing moral grounds. The Servants of India Society, which manages the institute, awaits Sanyal's acceptance. Debroy's resignation stemmed from a legal dispute over the dismissal of Vice-Chancellor Ajit Ranade. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7KwhEaW

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Farmers in Rajasthan are displeased as bajra is sold below the minimum support price (MSP) at government mandis. Selling at Rs 2,200-2,400 per quintal instead of the MSP of Rs 2,625, farmers face significant losses. Excessive rainfall has worsened the situation, leading to further price discrepancies. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/mojt9X5

Makhtar Diop, managing director of IFC, plans to expand India's focus to include blue bonds for water and support municipalities in raising funds. He highlights the strong growth in India's IFC portfolio and aims to continue annual investments of $4-5 billion while addressing job creation, energy transition, and financial sector improvements. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/9nRfXF1

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