Tag: insolvency

Infosys, Wipro and other IT stocks fall up to 3% after TCS Q1 earnings disappoint on revenue quality

StocksJuly 11, 2025

Shares of Indian IT majors slumped up to 3% on Friday, with Tata Consultancy Services (TCS), Infosys, and Wipro leading sectoral losses after TCS’s first-quarter earnings showed sluggish growth and failed to reassure markets amid...

Asian markets mixed; Wall Street hits record high; Hong Kong’s Hang Seng jumps 1.6%

BusinessJuly 11, 2025

( Representative AI image) Asian markets were mixed on Friday as investors stayed cautious despite Wall Street hitting record highs.Chinese markets led regional gains, with the Hang Seng Index in Hong Kong surging 1.6%...

EPFO can initiate assessment proceedings during liquidation: NCLAT on companies under IBC

EconomyJanuary 3, 2025

The insolvency appellate tribunal has held that there is no bar against assessment proceedings by statutory authorities, including the EPFO, once the liquidation...