Prestige Estates Projects secures Rs 3,000 crore investment from Canada Pension Plan Investment Board, marking its first direct exposure to India’s hospitality sector and leading to the withdrawal of a planned hotel IPO amid strategic growth plans. Prestige Estates Projects…
As UPI transaction charges are set to change, India maintains its strict MDR caps for debit cards, highlighting the complex fee landscape for merchants amid varied regulations and industry practices. Debit card merchant discount rate, or MDR, is the fee…
Shaktikanta Das highlights the eastward movement of the world’s economic centre of gravity, urging developing countries to seize emerging opportunities amid global geopolitical and economic challenges. Shaktikanta Das has said the world’s economic centre of gravity is moving eastwards, arguing…
India’s industrial production accelerated to 8% in August, reaching its fastest growth in nearly three years, amid strong manufacturing gains and a notable increase in electricity supply, though mining sector weakness persists. India’s industrial output accelerated in August, underscoring a…
India has imposed emergency directives to maximise coal utilisation and maintain electricity supply amid critically low stockpiles and reduced hydropower output, highlighting mounting supply challenges in the country’s power sector. India’s power sector is drawing down coal stockpiles at a…
Anupam Rasayan India completes a ₹1,750 crore stake in Bliss GVS Pharma, expanding its reach into finished dose medicines and integrated pharmaceutical platforms amid its ongoing expansion in the speciality chemicals and healthcare sectors. Anupam Rasayan India has completed its…
Indian Oil Corporation moves closer to expanding its Haldia refinery into a broader downstream petrochemicals complex, aided by West Bengal’s efforts to secure the necessary land after years of delay. Indian Oil Corporation is closer to a long-delayed expansion at…
Gujarat Themis Biosyn secures nearly $60 million through foreign and domestic private credit to acquire MicroBiopharm Japan, highlighting a shifting landscape in Asian corporate financing. Gujarat Themis Biosyn has turned to a mix of foreign and domestic private credit to…
Tata Trusts proposes a major overhaul of Tata Sons to realign its structure, while other Indian companies announce strategic acquisitions and partnerships, maintaining intense market attention. Tata Group stocks are likely to stay in the spotlight after Tata Trusts proposed…
Led by Abu Dhabi Chamber of Commerce and Industry, a delegation of over 34 companies seeks to deepen commercial ties with India through strategic forums and sector-focused initiatives, capitalising on record trade levels and expanding regional influence. Abu Dhabi Chamber…
The Maldives is set to extend its 17% tourism goods and services tax to overseas sellers from October 1, prompting worry among Indian travel operators who fear increased costs and disrupted contracts amid new compliance requirements. The Maldives is moving…
As India experiences rapid growth in electricity consumption driven by industrial and climate factors, its power system faces increasing operational stress, shortages, and rising costs, prompting calls for reforms to enhance reliability and resilience. India’s power system is being pulled…
