Sachin P Mampatta &Amp;Amp; Ruchika Chitravanshi

Stories by Sachin P Mampatta &Amp;Amp; Ruchika Chitravanshi

Govt affidavit in Apple case finalised, to be submitted soon

Govt affidavit in Apple case finalised, to be submitted soon

Rediff.com   5 hours ago

The Ministry of Corporate Affairs (MCA) has finalised the affidavit it will soon submit in the Delhi high court in the matter of Apple's petition challenging the recent amendments to the Competition Act that allow penalties to be based on a company's global turnover, a senior official said.

PM Internship Scheme Sees Lower Take-Up

PM Internship Scheme Sees Lower Take-Up

Rediff.com   7 hours ago

While 28,141 applicants accepted internship in round one, in the second phase this was down to 24,638.

Households Are Moving Away From Banks To Markets

Households Are Moving Away From Banks To Markets

Rediff.com   8 Dec 2025

For every 100 rupees, households invested Rs 45.2 in mutual funds and equities in 2024-2025.

IMFreport: 'Zombie firms' reflect inefficient insolvency resolution

IMFreport: 'Zombie firms' reflect inefficient insolvency resolution

Rediff.com   28 Nov 2025

The International Monetary Fund, in its report on the Indian economy, said the Insolvency and Bankruptcy Code (IBC) Amendment Bill addresses many deficiencies but it has not provided for the participation of operational creditors or rules for executory contracts. The IMF staff report said that the business dynamism in India remains relatively low, marked by low rates of entry and exit, and a high share of inactive or inefficient firms reflecting structural rigidities and high compliance levels.

GST 2.0 bolstered momentum, economy on stable footing

GST 2.0 bolstered momentum, economy on stable footing

Rediff.com   28 Nov 2025

The reduction in the goods and services tax (GST) rates has increased the momentum in India's economic activity both on the supply and demand sides, while robust agricultural activity - reflected in the strong onset of rabi sowing and adequate reservoir levels - has reinforced the outlook for food supply and rural incomes, the finance ministry said on Thursday.

Mutual Fund Transactions Surge Online

Mutual Fund Transactions Surge Online

Rediff.com   28 Nov 2025

Major fund houses report a sharp rise in online transactions, driven by changing investor habits, distributor behaviour, and fast-growing fintech platforms.

India rejects IMF view that US tariffs will stay indefinitely, hit growth

India rejects IMF view that US tariffs will stay indefinitely, hit growth

Rediff.com   27 Nov 2025

The Indian government has expressed its disagreement with the IMF staff's 'baseline' assumption that the 50 per cent US tariffs on its goods exports 'would remain in place indefinitely', based on which the staff pegged the country's GDP growth at 6.6 per cent this year, and pared its 2026-27 projection by 20 basis points to 6.2 per cent.

India on track to surpass $4 trn GDP in FY26: CEA

India on track to surpass $4 trn GDP in FY26: CEA

Rediff.com   26 Nov 2025

India is on track to exceed the $4 trillion milestone in 2025-26 (FY26), surpassing the $3.9 trillion gross domestic product (GDP) mark recorded at the end of March 2025, Chief Economic Adviser (CEA) V Anantha Nageswaran said on Tuesday.

Haircuts in cases resolved under IBC at 67% till Sep

Haircuts in cases resolved under IBC at 67% till Sep

Rediff.com   24 Nov 2025

Creditors took a haircut of around 67 per cent on their admitted claims on the realisation made till September 2025 under the corporate insolvency resolution process (CIRP) of the Insolvency and Bankruptcy Code (IBC), the latest data released by the insolvency regulator showed.

'Confident of good trade deal with US'

'Confident of good trade deal with US'

Rediff.com   21 Nov 2025

Officials from both India and the US in the recent past have indicated that a "fair deal" will be concluded soon, with Indian officials holding that more formal rounds of talks are not needed.

EAC-PM chair calls for raising investment rate

EAC-PM chair calls for raising investment rate

Rediff.com   20 Nov 2025

India needs to increase the investment rate to 34-35 per cent from 31-32 per cent currently to achieve a growth rate of 7 per cent and above, said S Mahendra Dev, chairman, economic advisory council (EAC) to the Prime Minister, on Wednesday.

MCA Rethinks PM Internship Scheme

MCA Rethinks PM Internship Scheme

Rediff.com   17 Nov 2025

With less than six months left for this financial year and poor response from applicants, launching the scheme this year is unlikely.

Supply chains face stress test amid trade shifts: PwC India

Supply chains face stress test amid trade shifts: PwC India

Rediff.com   17 Nov 2025

Supply chains are evolving from operational backbones to strategic growth enablers for organisations, though they remain underleveraged and struggle for recognition at the executive level, a report by PwC India said. The survey highlighted that recent developments in the trade and tariff landscape represent both a stress test and a strategic inflection point for supply chains.

Inefficiency in MFIs leads to high interest rates: DFS secretary M Nagaraju

Inefficiency in MFIs leads to high interest rates: DFS secretary M Nagaraju

Rediff.com   14 Nov 2025

The reduction in the number of loan accounts and the outstanding amount during the last financial year is a cause of concern and stress for microfinance institutions (MFI), Secretary, Department of Financial Services, M Nagaraju said on Thursday, highlighting "inefficiency" in MFIs that leads to higher rates of interest.

1 in 3 Decade-Old Tax Cases Still Unheard

1 in 3 Decade-Old Tax Cases Still Unheard

Rediff.com   12 Nov 2025

'Tax cases are technical in nature... Many high courts do not have a tax bench, which also contributes to the delay.'

Domestic pension fund flows into equities at record high

Domestic pension fund flows into equities at record high

Rediff.com   11 Nov 2025

A record amount of pension money may be finding its way into the stock market, if buying figures in the National Stock Exchange (NSE) data are any indication. Category inflows touched Rs 37,409 crore for the three months ending September 2025, shows an analysis of NSE data.

Road, rail, ministries cross halfway mark in capex spending till Sep

Road, rail, ministries cross halfway mark in capex spending till Sep

Rediff.com   6 Nov 2025

The ministries of Road Transport & Highways and Railways have exceeded the national average capital expenditure (capex) by spending 63 per cent and 57 per cent of Budget estimates (BE), respectively, in the first half of 2025-26 (FY26). The total capital expenditure for April-September of FY26 stood at 52 per cent of the BE, according to the latest data by the Controller General of Accounts (CGA).

Why Income Tax Cases Drag On For Decades

Why Income Tax Cases Drag On For Decades

Rediff.com   6 Nov 2025

'Repeated adjournments are one of the largest contributors to lengthy litigation cycles.'

Automation Takes the Lead, Hiring Trails

Automation Takes the Lead, Hiring Trails

Rediff.com   29 Oct 2025

Eight of the top 10 employers showed a double-digit growth in fixed capital. Only one out of 10 showed a double-digit addition in employment.

IBBI ends 'going concern' sales under liquidation

IBBI ends 'going concern' sales under liquidation

Rediff.com   28 Oct 2025

IBBI removes sale of company as going concern in liquidation; now only asset sales allowed, shifting focus strictly to terminal liquidation process.