Mining giant Vedanta has sought the Competition Commission of India’s approval for its proposal to acquire 100% in stressed infrastructure firm Jaiprakash Associates (JAL), the Economic Times of India reported. Vedanta has emerged as the highest bidder to acquire JAL under the corporate insolvency resolution process (CIRP) with a net present deal value of Rs 12,505 crore, beating Adani Group’s offer. Under the insolvency law, the CCI’s clearance is a must before resolution plans by suitors are approved by the committee of creditors of the stressed company.

In a landmark ruling with wide-ranging implications for the real estate sector, the Supreme Court of India has drawn a clear distinction between speculative investors, whom it described as ‘slow poison’, and genuine homebuyers, the Hindustan Times reported. The court said that speculative investors should not be allowed to misuse the Insolvency and Bankruptcy Code as a recovery tool to seek lucrative returns without any intention of owning a home. It observed that such investors harm the residential real estate sector and, by extension, the Indian middle class.

India and the U.S. will hold trade talks on Tuesday, New Delhi said, raising hopes for a breakthrough weeks after President Donald Trump imposed punitive tariffs on the South Asian nation for buying Russian oil, Reuters reported. The move comes after Trump struck a more conciliatory tone in statements last week and expressed optimism that they could finalise a trade deal. The U.S. trade representative for South Asia, Brendan Lynch, will be in New Delhi for one day of talks, Indian chief negotiator Rajesh Agarwal said.

The Supreme Court on Friday suggested major reforms in the Insolvency and Bankruptcy Code "to restore faith in the regulatory and insolvency framework,” even as it urged the government to come up with a revival fund to provide financing for stressed real estate projects undergoing insolvency proceedings, the Economic Times of India reported.

IDBI Bank has once again dragged Zee Entertainment Enterprises to the insolvency court. It has filed a fresh application before the Mumbai bench of the company law tribunal to initiate insolvency proceedings against Zee for a default of Rs 225 crore, the Times of India reported. Zee has disputed the bank's claim, terming it meritless and an abuse of the legal process.

The National Company Law Appellate Tribunal (NCLAT) has upheld a February 2025 order by the National Company Law Tribunal (NCLT), which cancelled the initiation of insolvency proceedings against Noida-based Logix Infrastructure, developer of the delayed Blossom County project in Noida Sector 137, the Hindustan Times reported. The tribunal called the IBC petition a fraudulent misuse of the insolvency law and recalled the corporate insolvency proceedings against Logix Infrastructure.

Foreign investors were already on the run from India’s stock markets even before President Trump declared economic war on India. But the two main stock indexes in Mumbai, India’s financial capital, are up 10 percent over the past six months. And they have barely budged since Mr. Trump’s 50 percent tariffs on India took full effect in late August. The reason: Indian investors keep pouring money into stocks as fast as foreigners are taking money out, providing a measure of relief for the country’s businesses and economy, the New York Times reported.

Vedanta Group has won the bid for acquisition of troubled business Jaiprakash Associates (JAL), with an offer of ₹17,000 crore, beating out the Adani Group, PTI reported on September 5, citing sources, LiveMint.com reported. The mining conglomerate's ₹17,000 crore comes as JAL is undergoing insolvency proceedings after it defaulted on payment of loans. The bid value translates into JAL's net present value of ₹12,505 crore, the report added.