Prime Minister Narendra Modi is counting on a two-pronged stimulus of tax and interest rate cuts to turn around India’s slowing economy, but investors may need more convincing that the measures will be enough, Bloomberg News reported. The decision by India’s central bank on Friday to reduce its key rate for the first time in five years comes less than a week after Modi’s government unveiled historic tax cuts in its federal budget. Taken together, the measures underscore the urgency with which Modi’s government is moving to address the growth slowdown gripping the economy.

The Insolvency and Bankruptcy Board of India (IBBI) wants the Insolvency and Bankruptcy Code to allow group-level insolvency and concurrent bidding to both speed up and maximise recoveries of stuck loans, the Economic Times of India reported. Citing cases like Videocon and SREI, the regulator is looking to introduce "coordinated resolution for interconnected entities" to reduce costs and quicken the process.

India plans to review import tariffs on over 30 items, including luxury cars, solar cells and chemicals, a senior finance ministry official said, potentially leading to increased imports from the United States as global trade tensions grow, Reuters reported. The move, aimed at reducing average tariffs, comes ahead of Prime Minister Narendra Modi's visit to the U.S. next week. In a bid to avoid President Donald Trump's growing tariff actions, India has already reduced average import tariff rates to 11% from 13% on several items in the latest budget.

Critical legal and regulatory shifts, from AI-driven workforce transformation to evolving insolvency frameworks, are expected to redefine India Inc.'s business strategy, the Economic Times of India reported. A recent report by Khaitan & Co., ‘Foresight 2025,’ states that legal agility will be key for businesses navigating India’s evolving corporate terrain as regulatory complexities deepen across sectors.

A top executive of troubled Indian tech firm Byju’s and an ally of the company’s founder were found in contempt of court and now face financial sanctions of $25,000 a day for refusing to comply with a U.S. court order, a judge ruled yesterday. Byju’s manager Vinay Ravindra and company ally Rajendran Vellapalath failed to answer questions about their roles in stripping software, cash and other assets from Byju’s U.S. businesses that are under court supervision, a federal judge in Delaware found.

The Reserve Bank on Thursday said that it has filed an application with the National Company Law Tribunal, New Delhi bench, for initiation of corporate insolvency resolution process against Aviom India Housing Finance Private Limited, the Economic Times of India reported. On Monday, the RBI superseded the board of Aviom India Housing Finance owing to governance concerns and defaults in meeting various payment obligations. The Reserve Bank has appointed Ram Kumar, ex-CGM of Punjab National Bank, as the Administrator of the New Delhi-based company.

The National Company Law Tribunal (NCLT) on Wednesday inducted Glas Trust and Aditya Birla Finance onto the committee of creditors (CoC) of edtech firm Byjus’ parent, by setting aside the reconstitution of the panel carried out by the company’s interim resolution professional on August 31, the Economic Times of India reported. “The committee of creditors constituted on 21st August 2024 is upheld and shall remain in effect,” the Bengaluru bench of the tribunal said in an order that came on a petition filed by the two financial creditors.

A diverse group of companies including Adani Ports and Special Economic Zone, JSW Infrastructure, Horizon Industrial Parks and Transindia Real Estate Ltd have shown interest in acquiring listed supply chain and logistics infrastructure firm Arshiya Ltd, which is undergoing a corporate insolvency resolution process, the Economic Times of India reported. Investors such as Authum Investment & Infrastructure Ltd, Dickey Alternative Investment Trust and Finquest Financial Solutions Pvt Ltd have also evinced interest in the company, said a person aware of the development.