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Baijayant Jay Panda. File | Photo Credit: The Hindu The select committee of the Lok Sabha, which will examine the Income-Tax Bill, 2025, was constituted on Friday (February 14, 2025) with BJP MP Baijayant Jay Panda appointed as chairman of the panel. The committee will have 31 MPs, including 17 from the ruling National Democratic…
Capital markets regulator Securities and Exchange Board of India (SEBI) on Friday (February 14, 2025) rejected Digvijay Laxhamsinh Gaekwad’s plea seeking an exemption to make a competing open offer for a majority stake in Religare Enterprises. With this ruling, the Burman Group’s open offer process remains on track, solidifying their acquisition bid for Religare…
Read More “SEBI rejects Digvijay Gaekwad’s plea for competing open offer in Religare deal” »
Namdhari Seeds, a Karnataka-based vegetable and flower seeds breeding company, has acquired 100% stake in the open field vegetable seed business of Axia, a Dutch vegetable seeds breeding company. Axia produces tomatoes, hot and sweet peppers, melons, watermelons, cucumbers, squash, and eggplant in its open fields and these seeds are marketed under the US Agriseeds brand across…
Read More “Namdhari Seeds acquires Dutch seed breeding firm Axia for an undisclosed sum” »
Adani Power has agreed to fully restore supply from a 1,600 MW India power plant to Bangladesh in a few days after a gap of three months but has rejected Dhaka’s request for discounts and tax benefits, two sources told Reuters. Billionaire Gautam Adani’s company halved supply to Bangladesh on October 31 due to payment…
Read More “Adani to restore full power to Bangladesh in days but differences remain, say sources” »
Bombay Stock Exchange (BSE). | Photo Credit: ANI Equity benchmark indices Sensex and Nifty extended their downward trend to the eighth day in a row on Friday (February 14, 2025) as investors’ sentiments were plagued due to persistent foreign fund outflows. Markets began the trade on an optimistic note but soon gave up initial gains…
Read More “Sensex, Nifty fall for 8th day as relentless FII selling hits market sentiments” »
Prime Minister Narendra Modi and U.S. President Donald Trump shake hands as they deliver a joint press statement after their meeting at the White House, in Washington, DC on Thursday, February 13, 2025 | Photo Credit: Reuters The U.S. government’s move to impose reciprocal tariffs to match higher duties levied by its trading partners is…
Read More “Modi-Trump meeting: Reciprocal tariffs by U.S. may not hurt India much says GTRI” »
PMI Electro Mobility Solutions Pvt. Ltd is a manufacturer of electric buses. | Photo Credit: pmielectro.com PMI Electro Mobility Solutions Pvt. Ltd, a manufacturer of electric buses, said it has raised ₹250 crore by way of equity from a consortium comprising of Authum Investment & Infrastructure Ltd, Antique Securities and associated HNI family offices and…
Read More “PMI Electro Mobility raises ₹250 crore equity via preferential allotment ” »
File picture of activity at an open-air evening market in Ahmedabad. Image for representation | Photo Credit: Reuters India’s wholesale price inflation eased fractionally from 2.37% in December to 2.31% in January, with a deceleration in food inflation being almost offset by an uptick in manufactured costs’ price rise pace, government data released on Friday…
Read More “Wholesale price inflation eases to 2.31% in January 2025” »
Equity benchmark indices Sensex and Nifty began the trade on an optimistic note on Friday (February 14, 2025) after India and the United States agreed to conclude the first phase of a mutually beneficial ambitious trade pact by this year and set a target of USD 500 billion in annual bilateral trade by 2030. A…
Read More “Sensex, Nifty climb in early trade after 7-day decline” »
Union Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha during the Budget session of Parliament, in New Delhi, Thursday, Feb. 13, 2025. | Photo Credit: PTI Food prices are expected to be under control in the coming year, going by advance estimates of crop output, but the government will keep monitoring prices and act…