- Compass-Backed Lugano Files for Bankruptcy After Ex-CEO Sued November 17, 2025Lugano Holdings Inc., an operator of high-end jewelry boutiques owned by Compass Diversified, has filed for bankruptcy months after it accused its former chief executive of stealing millions of dollars from the business and misrepresenting investment deals with high net worth clients.
- Google, Meta Delay Red Sea Cables as Security Risks Rattle Plans November 17, 2025Multiple subsea internet cables slated to run through the Red Sea are yet to complete as planned, as political tensions and heightened security threats have made the route more dangerous and complicated for commercial vessels.
- Fantasy Sports Gamble Leaves Banks on Hook for Unsold Loans November 17, 2025Wall Street gambled — and lost — on a $1.64 billion loan for a lottery company backed by a Czech billionaire to fund a majority stake in a fantasy sports operator in Atlanta.
- S&P upgrades Bharti Airtel credit rating on strong earnings momentum November 17, 2025S&P expects Airtel’s growth to be driven by its Indian operations. It expects Airtel to increase subscribers by 2-4% with an average revenue per user (Arpu) growth of 6-8% over the same period. The growth would come from customers' upgrades to higher-priced plans and more data consumption.
- Arunachalam Vellayan, former Murugappa Group chairman, passes away at 72 after prolonged illness November 17, 2025A Vellayan, former chairman of Murugappa Group has passed away at 72 years of age, after battling prolonged illness. For several decades, the prolific businessman provided strategic direction and diversified Murugappa into one of India's most respected conglomerates.
- India imposes five-year anti-dumping duty on liquid epoxy resins imports from China and three other countries November 17, 2025India has imposed a five-year anti-dumping duty on liquid epoxy resins. This measure targets imports from China, Saudi Arabia, Taiwan, and South Korea. The government aims to protect domestic producers from low-priced imports. This action follows an investigation into unfair pricing practices. The duty seeks to ensure fair competition and stable pricing for […]
- 16th Finance Commission submits report to President Droupadi Murmu November 17, 2025The Sixteenth Finance Commission has presented its tax division recommendations to President Droupadi Murmu. The report outlines how the tax pool will be shared between the Centre and states for five years starting April 1, 2026. It also details the formula for distributing taxes among states. The commission visited all states and Union Territories.
- Textile, apparel exports witness double-digit decline in October November 17, 2025US tariffs have significantly impacted India's textile and apparel exports, with a 12.9% year-on-year decline in October across most categories. Exporters are facing order cancellations, discounts, and reduced volumes due to the 50% tariff imposed by the US, which accounts for 28% of India's exports in this sector.
- I-T return forms, rules under simplified Income Tax Act, 2025 to be released by January 2026 November 17, 2025The Central Board of Direct Taxes (CBDT) will release simplified Income Tax return forms and rules for the new Income Tax Act, 2025, by January 2026. Chairman Ravi Agrawal assured that budgeted income tax collection targets will be met, attributing refund delays to system-flagged high-value transactions and ongoing analysis of claims.
- Financial sector to aid next phase of transformation, says DEA secy Anuradha Thakur November 17, 2025Economic Affairs Secretary Anuradha Thakur highlighted the financial sector's crucial role in India's economic transformation and sustained growth. She emphasized joint government-private action to strengthen the corporate bond market, expand investment trusts, and boost municipal bonds. Thakur also noted significant structural shifts including the […]
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