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The insolvency appellate tribunal NCLAT has ruled that the Committee of Creditors (CoC) cannot modify an approved resolution plan to reallocate funds meant for dissenting financial creditors, reaffirming limits on the exercise of commercial wisdom after a plan has been cleared, PTI reported.Dismissing an appeal filed by Bank of Baroda in the insolvency proceedings of…
The Central Bank of the United Arab Emirates (CBUAE) has approved the country’s first USD-backed stablecoin under the bank’s Payment Token Services Regulation (PTSR), according to a press release on Thursday. The issuance and management of the USDU token are handled by Universal Digital, which is regulated by the Financial Services Regulatory Authority (FSRA) of…
The recently clinched India-EU Free Trade Agreement opens up massive investment opportunities and access in the textile industry and is slated to create 6-7 million new jobs, Commerce and Industry Minister Piyush Goyal said on Tuesday. The sector which has been navigating tricky waters ever since Donald Trump struck it with 50% punitive tariffs, might just…
NEW DELHI: The Uttar Pradesh government has taken action against 26 engineers for alleged negligence in the implementation of the Jal Jeevan Mission, with 12 of them suspended, an official statement said Wednesday.The action follows complaints regarding the poor execution of works under the scheme aimed at providing tap water to every rural household. Officials…
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Vedanta Ltd.’s committee of directors has approved the sale of 1.59% stake in Hindustan Zinc Ltd. The stake sale will take place through an offer for sale, as per an exchange filing on Tuesday. The mining major’s board has approved the sale of 6.7 crore paid-up equity shares in Hindustan Zinc through the OFS. In a…
The euro stablecoin market has rebounded in the year since the European Union’s (EU) Markets in Crypto-Assets Regulation (MiCA) came into force, with market capitalization doubling after regulations governing the tokens rolled out in June 2024, according to a new report. The “Euro Stablecoin Trends Report 2025” from London-based payments processing company Decta points a…
NEW DELHI: The concept and nomenclature of Civil Lines, residential areas established by the British and long associated with their proximity to administrative power, may fade into history.As the Centre intensifies its efforts to replace remnants of colonial-era laws and practices with alternatives that are of Indian origin and reflect the country’s culture, the framework…
