In a significant relief for Reliance Infrastructure, the National Company Law Appellate Tribunal (NCLAT) on Wednesday stayed the insolvency proceedings initiated against the company, the Times of India reported. In a regulatory filing, Reliance Infrastructure confirmed that the appellate tribunal has suspended the earlier order passed by the National Company Law Tribunal (NCLT), Mumbai. "In the appeal filed, the NCLAT, today has suspended the Order dated May 30, 2025 passed by National Company Law Tribunal, Mumbai in case no. C.P.

The Supreme Court has refused to stay the insolvency proceedings initiated against Future Ideas Company Ltd (FICL), a part of the erstwhile Kishore Biyani-led Future Group. However, it sought response from Axis Trustee Services and resolution professional Ritesh Agarwal on an appeal by Anil Biyani, the suspended director of FICL, the Economic Times of India reported. A Bench led by Justice Sanjay Karol posted the matter for further hearing on August 8.

The National Company Law Tribunal (NCLT) on Tuesday issued notices to electric vehicle (EV) ride-hailing startup BluSmart Mobility Ltd and Gensol Engineering Ltd on three new insolvency petitions by financial creditors over alleged unpaid dues, LiveMint.com reported. Spectrum Trimpex Pvt. Ltd and Catalyst Trusteeship Ltd moved the tribunal under Section 7 of the Insolvency and Bankruptcy Code (IBC) against BluSmart over unpaid dues worth ₹1 crore each. Equentia Financial Services Pvt. Ltd claimed that Gensol Engineering owed it around ₹9 crore.

Australia’s economy slowed sharply in the first three months of 2025, leaving it vulnerable to emerging weakness in world growth as the global trade war and a surge in geopolitical risk undermines the confidence of firms and consumers, the Wall Street Journal reported. The economy grew 0.2% in the first quarter from the prior quarter, and expanded by just 1.3% from a year earlier, the Australian Bureau of Statistics said Wednesday. Economists had expected annual growth of closer to 1.5%.

South Korea’s headline inflation cooled to a five-month low in May and stayed below the central bank’s 2.0% annual target, justifying its resumed easing of policy to support economic growth, the Wall Street Journal reported. The benchmark consumer-price index rose 1.9% from a year earlier, following a 2.1% increase in April, the country’s statistics office said Wednesday. Price growth was largely kept in check by lower prices of oil products, fruits and vegetables, despite gains in the prices of some other agricultural and livestock goods, according to the statistics office.

The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted Anil Ambani-promoted Reliance Infrastructure Ltd. under the corporate insolvency resolution process (CIRP) and has appointed Tehseen Fatima Khatri as the interim resolution professional (IRP), the Economic Times of India reported. The development followed an application filed by IDBI Trusteeship Services Ltd on behalf of the operational creditors. The trustee company had approached the tribunal after the company defaulted on its dues of more than Rs 88 crore.

Bank of Japan Governor Kazuo Ueda said the country's economy can withstand the hit from U.S. tariffs and sustain a cycle of rising inflation accompanied by wage growth, signalling the bank's readiness to raise interest rates further, Reuters reported. Uncertainty over U.S. trade policy and the range of tariffs imposed by President Donald Trump's administration could hurt Japan's exports, prod firms to delay capital expenditure plans, and discourage them from raising wages, Ueda said on Tuesday. While an agreement between the U.S.