NCLT clears record 107 resolution plans (representative image) NEW DELHI: The National Company Law Tribunal (NCLT) approved a record 107 corporate insolvency cases during the last quarter, but stares at the prospect of a moderation in the pace due to a large number of vacancies.Data released by NCLT estimated the value of cases approved at…

Crude oil prices continue to rally Oil prices inched higher on Thursday as concerns over supply from the Middle East intensified amid a rise in attacks on vessels in the Gulf and the Strait of Hormuz.Brent crude was trading at $101.50 a barrel, up $1.32 or 1.32%, while WTI crude stood at $89.28, gaining $1…

MUMBAI: Individuals may soon find it easier to see their financial assets in one place. RBI on Wednesday announced two measures: making account aggregators interoperable and allowing bank-deposit information to be added to the monthly consolidated account statement (CAS), which currently captures holdings such as shares, mutual funds and pensions. The move will make it…

NEW DELHI: Be prepared to shell out higher mobile tariffs. Bharti Airtel will from Thursday hike postpaid tariffs by 3- 10%. India’s second-largest telecom operator has included free international roaming (for one trip per SIM) worth Rs 2,000 in all postpaid plans, which will go up by Rs 50. The new postpaid plan rental plans…

MUMBAI: Brookfield is making its foray into the local industrial and logistics real estate market with a $450 million (Rs 4,300 crore) purchase of eight warehousing parks from ESR India, expanding its footprint beyond the country’s office and hospitality spaces. Capital will also be deployed towards future development of the portfolio, Brookfield said in a…

NEW DELHI: A survey conducted by GSMA, a global organisation unifying the mobile ecosystem, has found 12% of respondents in India reported being scammed in the last 12 months as opposed to 8% in Asean-6 – Indonesia, Thailand, Singapore, Malaysia, Vietnam and Philippines.“Indian consumers also extend institutions an unusual level of permission to use their…

BENGALURU: Premium spirits are growing several times faster than cheaper liquor in India, with higher-priced products gaining a larger share of sales, according to a report by industry body International Spirits and Wines Association of India (ISWAI).Sales volumes in the premium segment grew at a compound annual rate of 10.2% between 2022 and 2025. That…

File photo: Reserve Bank of India (RBI) Governor Sanjay Malhotra MUMBAI: Reserve Bank of India governor Sanjay Malhotra said the rupee was undervalued and the central bank would intervene to ensure orderly movement in the currency market even as it closed at 96.78 on Wednesday, down 36 paise from its previous close, after falling to…