Ministry of Corporate Affairs invites public comments for reviewing companies incorporation rules

Ministry of Corporate Affairs invites public comments for reviewing companies incorporation rules


A draft notification titled the Companies (Incorporation) Amendment Rules, 2026, proposing amendments to the Companies (Incorporation) Rules, 2014, has been prepared.Suggestions/comments on the proposed amendments, along with brief justification, may be submitted through the e-Consultation Module available on the website of the Ministry of Corporate Affairs latest by 9th May, 2026.

In addition, MCA, through the Indian Institute of Corporate Affairs (IICA), is undertaking consultation to seek stakeholder inputs on the rationalization of the filing/compliance framework under the Companies Act, 2013. Concept note for the same is placed on the website www.mca.gov.in and https://iica.nic.in for the information of stakeholders for the purpose of public consultation. The consultation covers the full corporate lifecycle across three stages – entry, operations and exit.

 

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Apr 17 2026 | 10:05 AM IST



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Nifty dips on profit booking; IT drags, defence and metals hold

Nifty dips on profit booking; IT drags, defence and metals hold


Equity benchmarks slipped in early trade on Friday after facing resistance at higher levels, with the Nifty 50 sliding into negative territory even as the Sensex held marginal gains, driven by diverging global cues and fresh selling in technology and financial stocks.

The Nifty 50 opened at 24,165.90, down from its previous close of 24,196.75, and slipped further to 24,149.90, a fall of 46.85 points or 0.19 per cent, by 9.16 am. The Sensex, which closed at 77,988.68 on Wednesday, opened at 77,976.13 and edged up to 78,128.35, a gain of 139.67 points or 0.18 per cent, in the same period.

Wipro was the session’s biggest drag after its Q4 earnings showed a marginal decline in net profit. The stock opened at ₹205 and fell to ₹204.46, down 2.76 per cent, on the highest traded value in the Nifty at ₹14,721.51 lakhs. The company also announced a ₹15,000 crore buyback at ₹250 per share, but the announcement was unable to arrest the selling. HDFC Life shed 2.23 per cent to ₹617.40 against its previous close of ₹631.50. HCL Technologies dropped 1 per cent to ₹1,435.70 from ₹1,450.20, while Tech Mahindra was down 0.90 per cent at ₹1,477.60 against ₹1,491.00. Hindalco, which had been among the previous session’s leaders, gave back some gains, slipping 0.85 per cent to ₹1,031.05.

On the gaining side, NTPC added 1.31 per cent to ₹395.90 against a previous close of ₹390.80. ITC rose 1.25 per cent to ₹307.20 from ₹303.40. Adani Ports climbed 0.85 per cent to ₹1,563.00 against ₹1,549.80, while Trent gained 0.84 per cent to ₹4,117.50 from ₹4,083.30. ONGC rose 0.69 per cent to ₹284.70.

Hariprasad K, SEBI-registered Research Analyst and Founder of Livelong Wealth, noted that the market is grappling with a divergence between global markets: …”Wall Street extended its rally, with the S&P 500 and Nasdaq closing at fresh highs… Asian markets appear less convinced, trading lower as investors remain wary of how durable these developments are.”

The session’s sectoral picture was mixed. Defence and metals found buyers, while banks, financials, and auto stocks saw selling pressure. The IT sector was under broad pressure following Wipro’s results, with multiple large-cap technology names trading lower. Devarsh Vakil, Head of Prime Research at HDFC Securities, noted that …”chip stocks, led by Nvidia, surged as renewed investor confidence in AI’s long-term growth potential drove buying interest”… on Wall Street overnight, though this sentiment had limited follow-through domestically given Wipro’s performance.

On the macro side, the Reserve Bank of India announced a ₹2 lakh crore seven-day variable rate reverse repo auction, a move aimed at absorbing excess liquidity from the banking system. Hariprasad K flagged that …”such actions tend to influence short-term interest rates and can have a broader impact on borrowing costs, thereby indirectly shaping consumption and investment trends.”

Foreign Institutional Investors were net buyers in the previous session, purchasing equities worth ₹382 crore, marking the second straight day of buying. Domestic Institutional Investors, however, sold equities worth over ₹3,400 crore, continuing their recent selling trend. Ponmudi R, CEO of Enrich Money, cautioned that …”after a phase of sustained outflows, recent sessions have shown signs of stabilisation and selective buying, offering some support to the market.”

Technically, the Nifty faces resistance between 24,350 and 24,400, a zone where selling emerged in the previous session after the index hit an intraday high of 24,400.95 before reversing sharply. Gaurav Udani, Founder of ThinCredBlu Securities, said …”fresh long positions should be considered only on a sustained move and close above 24,400, which would confirm strength and open up higher levels.”

India VIX remains above the 18 mark, pointing to elevated option premiums and an underlying layer of uncertainty. Jio Financial Services will also be closely tracked as it heads into its Q4 results, adding to the earnings-driven focus in the financials space.

Published on April 17, 2026



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Ministry of Corporate Affairs invites public comments for reviewing companies incorporation rules

Gift Nifty suggests negative start for equities


GIFT Nifty:

The GIFT Nifty April 2026 futures currently traded 37.50 points lower, suggesting a red opening for the benchmark index today.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 382.36 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 3,427.75 crore in the Indian equity market on 16 April 2026, provisional data showed.

The FIIs had sold shares worth Rs 39,907.30 crore in April (till 16 April 2026). This follows their cash sales of Rs 122,540.41 crore in March, Rs 6,640.78 crore in February and Rs 41,435.22 crore in January 2026.

Global Markets:

 

Asia markets traded lower Friday, as cautious optimism over the Middle East conflict tempered sentiment, diverging from Wall Streets record-setting rally.

The U.S. President Donald Trump on Friday said that the war in Iran should be ending pretty soon, reiterating rosy predictions about the end of the conflict.

Hours earlier, Trump confirmed that Israel and Lebanon had agreed to a 10-day ceasefire. Irans parliament speaker has said that Israel halting attacks on Lebanon is a key condition for U.S.-Iran negotiations to start.

The next round of in-person talks between the U.S. and Iran may occur probably, maybe, next weekend, Trump reportedly said on Thursday. A two-week ceasefire between the U.S. and Iran will expire on April 21.

Meanwhile, Japans export credit agency, the Japan Bank for International Cooperation, will set up an investment window of up to 600 billion yen ($3.8 billion) to help Asian countries secure energy supplies, Finance Minister Satsuki Katayama said.

Overnight on Wall Street, the S&P 500 and Nasdaq Composite rose to fresh all-time highs on Thursday, adding to their strong gains this week on optimism for a possible resolution to the Iran war.

The broad market index gained 0.26% to close at 7,041.28, while the Nasdaq gained 0.36% to settle at 24,102.70. The Dow Jones Industrial Average added 115 points, or 0.24%, and ended at 48,578.72.

Stocks have risen in recent days on hopes for an eventual peace deal between the two nations. The S&P 500 kicked off the week by wiping out all of its losses since the beginning of the Iran war.

Even if a U.S.-Iran peace deal were to come to fruition in the near term like investors anticipate, there could still be some market volatility approaching due to the wars potential impact on the U.S. economy.

Domestic Market:

The headline equity indices erased early gains to end marginally lower in a volatile session on Thursday. Tracking positive global cues, the markets opened higher on optimism around a potential US-Iran peace deal and held gains in the first half.

However, selling pressure in the latter half wiped out intraday advances, pulling the Nifty 50 below the 24,200 mark. Private banks and auto stocks led the decline, while metal and IT shares provided some support.

Volatility remained elevated due to the weekly expiry of Sensex derivatives and the ongoing Q4 earnings season, with investors closely monitoring signs of de-escalation between the United States and Iran.

The S&P BSE Sensex declined 122.56 points or 0.16% to 77,988.68. The Nifty 50 index fell 34.55 points or 0.14% to 24,196.75.



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Jasprit Bumrah’s nightmare start to IPL 2026: 5 matches, 0 wickets, big questions, what’s gone wrong?

Jasprit Bumrah’s nightmare start to IPL 2026: 5 matches, 0 wickets, big questions, what’s gone wrong?


Jasprit Bumrah’s wicketless run in IPL 2026 is not a sudden collapse but a combination of tactical drift, workload management, and how teams are now playing him. Across his first five matches for Mumbai Indians, Bumrah has gone without a single wicket, something unprecedented in his IPL career. More importantly, batters are no longer looking to dominate him, they are simply neutralising him. That shift alone explains a large part of this downturn. From years of observing elite fast bowlers, this phase looks less like decline and more like a recalibration gone slightly off track.

The Biggest Red Flag: Overuse of Variations


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The most glaring issue is Bumrah’s current bowling mix. Former India cricketer Irfan Pathan pointed out that nearly 40 to 45 percent of his deliveries this season have been slower balls. That is unusually high for a bowler whose biggest weapon has always been pace deception rather than pure variation.

Bumrah at his peak thrived on contrast. A 140+ kmph yorker followed by a disguised slower ball made him unplayable. Now, with his average speed hovering closer to 130 kmph, that contrast has diminished. The slower ball is no longer a surprise. It is expected.

For a batter at this level, predictability is everything. Once they sense a pattern, even the best bowlers start to look ordinary.

Batters Are Playing Him Differently — And Winning

This is where the tactical battle has tilted. Earlier, teams feared Bumrah. Now, they are respecting him, but in a calculated way.

Instead of attacking him, batters are doing three things:

  • They are seeing off his spell
  • They are avoiding high-risk shots
  • They are targeting other bowlers

This approach has effectively removed Bumrah from the game as a wicket-taking threat. In T20 cricket, if you are not taking wickets, you are not dictating terms.

It is a subtle but critical shift. Bumrah hasn’t necessarily bowled poorly in every game, but he hasn’t forced mistakes either.

Lack of Pressure From the Other End

Mahela Jayawardene made an important point recently. Bumrah’s effectiveness has always been tied to pressure from the other end.

Right now, Mumbai Indians are not picking early wickets consistently. That allows opposition teams to play Bumrah safely because there is no scoreboard or psychological pressure forcing risky shots.

In his peak IPL seasons, Bumrah often came on when wickets had already fallen. Batters had to take chances. Today, they don’t.

That changes everything.

Workload Management and Subtle Fitness Impact

Bumrah’s recent history cannot be ignored. His time at the BCCI Centre of Excellence was focused on managing recurring back concerns, something that has troubled him over the past few years.

Fast bowling is rhythm-dependent. Even a slight drop in intensity or confidence in the body can affect:

  • Run-up speed
  • Release point
  • Seam position
  • Execution under pressure

What we are seeing right now is not a breakdown, but a bowler operating at 85 to 90 percent of his peak. At this level, that small drop is enough to lose the edge.

Former India cricketer Mohammad Kaif has already flagged long-term concerns about workload and longevity. While that may be premature, it does highlight how finely balanced Bumrah’s body has to be managed.

Tactical Misuse by Mumbai Indians

There is also a strategic dimension that cannot be ignored. Under Hardik Pandya, Bumrah’s usage has lacked consistency.

He has been rotated between:

  • Powerplay overs
  • Middle overs containment
  • Death overs control

While versatility is a strength, great bowlers also need defined roles. Bumrah, at his best, is a strike bowler. This season, he has often been used as a defensive option to control runs rather than break partnerships.

That shift in intent is visible in his lengths and aggression levels.

The Numbers Tell a Story — But Not the Full One

His IPL 2026 figures so far:

  • 0 wickets in 5 matches
  • 164 runs conceded
  • 19 overs bowled
  • Economy rate around 8.6

On paper, the economy is not disastrous. But for a bowler of Bumrah’s calibre, wickets are the real currency. That column reading zero is what makes this phase stand out.

Why This Isn’t Panic Territory Yet

Having tracked Bumrah since his early IPL years, one thing is clear. He is a rhythm bowler. When he finds it, the turnaround is often sudden.

We have seen this pattern before in shorter dips:

  • A minor tweak in release point
  • A slight increase in pace
  • A shift in field setting

And suddenly, he goes from wicketless to unplayable within a week.

There is no technical flaw here that looks irreversible. The issues are tactical and situational, which are far easier to correct.

How Bumrah Can Turn This Around

The path back is straightforward, though execution will be key.

He needs to bowl quicker, not necessarily at full throttle, but enough to restore the pace differential that makes his variations lethal.

He must reduce his slower ball usage and go back to attacking lengths, especially with the new ball.

Mumbai Indians need to use him as a strike weapon, not just a defensive shield.

And crucially, the team needs wickets at the other end. Without that, even the best bowler becomes predictable.

The Bigger Picture: A Phase, Not a Fall

Every fast bowler, no matter how great, goes through a phase like this. For Bumrah, this is happening under the IPL spotlight, which amplifies everything.

But the fundamentals remain intact:

  • His action is still repeatable
  • His control is still elite
  • His game awareness is still among the best

What has dipped is impact, not ability. And in cricket, that is often the easiest thing to regain.



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