Indian vehicle manufacturers have strongly opposed the imposition of security duty on import of certain grade steel. He says that they are forced to import at the local level production and strict emissions and safety standards in the absence of viable options. The Indian Steel Association (ISA) gave a letter to the government on December … Read more
The Delhi High Court has canceled a arbitration verdict of Rs 1,981 crore against NTPC. In its decision of 30 January (uploaded on Monday), the single bench of the High Court said the arbitration was ‘clearly illegally and unfair’. The High Court order of January 30 said, ‘The court believes that the disputed decision should … Read more
The income of the top five cement manufacturers suffered a setback during the third quarter of FY 2025. However, sales trends for these five companies were mixed as each had focused on different business strategies. In the October-December 2024 period, analysts and industry officers had predicted an increase of 4-5 percent demand in the industry. … Read more
Three leading proxy advisory firms have recommended voting against the proposal to re -appoint Rashmi Saluja as director in the board of Railways Enterprises citing corporate administration concerns. Stakeholders Empowerment Services (SES), Institutional Investor Advisory Services (IIAS) and Ingwar Research have made their recommendations for voting on three proposals of the financial services firm. Voting … Read more
Paytm Cloud Technologies, a non -owned subsidiary of Fintech Company Paytm, will acquire a 25 percent stake in Brazil’s embedded finance company Seven Technology for $ 1 million. Paytm said that after this stake, the company would be able to understand the business scenario of traders in the Brazilian market. This company, made in delaware, … Read more
Shiproke, a unicorn company in the Logi Stick sector, invested Temasse and Zomato, is gearing up to compete in the year 2025, although the company is ready for its listing in the stock market. The company with Gurugram headquarters is eyeing the initial public issue (IPO) and is working on its plan, recently it has … Read more
TVS Holdings Limited successfully acquired 80.74 percent equity stake of Home Credit India Finance (Home Credit India) for Rs 554 crore. The company announced this today. The remaining 19.26 percent equity has been awarded by Premji Invest and other colleagues of TVS Holdings. After this deal, the group intends to increase the loan accounts to … Read more
Foxwagen has filed a case against Indian departments for canceling the demand demand of $ 1.4 billion. It has been argued that this demand is unlike India’s imports taxation rules for car parts and this demand will obstruct the company’s business plans. This information has been received from the court document. Foxwagen’s unit Skoda Auto … Read more
In his eighth budget speech on Saturday, nearly two and a half decades after the liberalization of the Indian insurance sector, Finance Minister Nirmala Sitharaman announced the opening of the country’s insurance sector for 100 percent foreign direct investment (FDI). At present, the limit of foreign investment in India’s insurance sector is 74 percent. Industries … Read more
Union Commerce and Industry Minister Piyush Goyal told in mutual interaction after Shreya Nandi was presented the budget that the government will help the industry to deal with the regulation of non -fee methods such as the regulation of non -fee methods of European Union (CBAM) of European Union. Major excerpts: Tell us about the … Read more