Business

Tribunal Flags Procedural Lapse in Rejection of Application In a relief to Culver Max Entertainment, formerly known as Sony Pictures Network India, the National Company Law Appellate Tribunal has set aside an earlier order that had rejected the broadcaster’s insolvency plea against an Odisha-based fintech firm.The appellate tribunal has remanded the matter to the Cuttack bench of the National Company Law Tribunal for a fresh hearing, directing that Culver Max be given an opportunity to cure procedural defects in its application.Opportunity to Rectify Defects Was Denied, Says NCLAT The NCLAT observed that the NCLT should have granted Culver Max an opportunity to rectify defects in its insolvency application instead of dismissing it...

Platforms Eye Next Phase of Expansion India’s food delivery market is entering a new phase of growth, with customer experience, faster delivery timelines and value consciousness expected to drive expansion in 2026. Industry leaders say evolving consumer habits and deeper merchant participation will shape the sector’s trajectory in the coming year.magicpin Focuses on Merchant Inclusion and Affordability Anshoo Sharma, Founder and CEO of magicpin, said future growth will come from expanding merchant inclusion while addressing the needs of value conscious consumers. He highlighted that the platform is onboarding a wide range of merchants, from single local restaurants to large brands and national chains, enabling them to compete...

Move Aims to Strengthen Governance and Unlock Value The Prime Minister’s Office has directed the Ministry of Coal to map and list all subsidiaries of Coal India Ltd by 2030, according to sources. The directive is aimed at improving governance standards, enhancing accountability, and unlocking value through asset monetisation across the state run coal major.Coal India accounts for more than 80 percent of India’s domestic coal production and operates through a network of subsidiaries that manage mining, planning, and related operations.Eight Subsidiaries Under the Listing Plan Coal India currently functions through eight subsidiaries:Eastern Coalfields Ltd Bharat Coking Coal Ltd Central Coalfields Ltd Western Coalfields Ltd South...