Provident Financial director Shara sells $1.3m in common stock
Provident Financial director Shara sells $1.3m in common stock
Day: September 2, 2026
Breather for creditors: New NCLT bench stays the approval of a repayment plan proposed by Subhash Chandra
A special five-member NCLT bench stayed Subhash Chandra’s repayment plan approval. The tribunal also restrained the Essel Group founder from alienating any asset. This new bench stayed a smaller bench’s earlier order which had approved the plan. Dissenting creditors had sought protection against the guarantor’s asset alienation. The bench directed that the guarantor shall not…
No more hush-hush: Tax portal opens door to misconduct complaints
The Income Tax portal now allows taxpayers to report misconduct. A new tab enables complaints against officers for sexual harassment or bribery. This digital channel offers a secure and confidential reporting mechanism. Practitioners emphasize the importance of prompt and protected complaint resolution. The success of this initiative hinges on effective execution and oversight.
South Korea CPI grows slightly less than expected in August
South Korea CPI grows slightly less than expected in August
FPIs are back, but the market breakout may have to wait
A surge in IPOs, block trades and shareholder exits could keep the market rangebound in September by soaking up returning foreign demand.
OVL in talks with PDVSA for $500 million dividend payout in cash or oil
ONGC Videsh may soon be able to access $500 million in dividends stuck in Venezuela due to US sanctions, with the state-run firm initiating talks with authorities in the Latin American nation. The development follows the US granting a general licence in July for the OVL partnerships in Venezuela