NEW DELHI: Textile minister Giriraj Singh Friday indicated that India and EU will announce a trade deal in the next four days and urged industry to diversify so that garment exports grow. Drawing comfort from trade numbers, he said: “Many believed that Indian exports will fall due to the tariff war. Industry was worried… Despite…
NEW DELHI: India’s commercial vehicle industry needs a stronger and well-designed vehicle scrappage policy to accelerate the replacement of old trucks, cut pollution and lower logistics costs, Ashok Leyland MD and CEO Shenu Agarwal said, as the sector sees a sharp demand rebound after GST 2.0.According to Siam, commercial vehicle sales touched a record 10.3…
NEW DELHI: India’s first final assembly line (FAL) for commercial fixed-wing aircraft could come up in either Gujarat’s Dholera or Andhra’s Bhogapuram.Adani Group’s upcoming JV (joint venture) FAL with Brazilian regional aircraft major Embraer is being aggressively wooed by both states that are implementing ambitious aerospace plans for these two places. India is looking at…
BENGALURU: Mphasis CEO Nitin Rakesh said Blackstone’s stake sale reflects a natural phase in the private equity firm’s investment lifecycle and does not indicate any loss of confidence in the company’s performance. Blackstone acquired a 60.5% stake in Mphasis for $1.1 billion in 2016 and has been invested in the company for over nine years….
MUMBAI: Markets regulator Sebi is investigating instances of illegal gains using insider information in a share sale transaction for Yes Bank in July 2022. Officials from PwC, EY, Carlyle Group and Advent International have been sent notices by Sebi as the regulator’s investigations in this matter is continuing, a Reuters story said.The Sebi notice said…
Hyderabad & Mumbai: Silver’s unprecedented surge continued Friday. In late trades on the New York Commodity Exchange (Comex) the price of the white metal crossed the psychologically important $100-per-ounce (Oz) mark for the first time in history. Gold, which has gained at a much slower pace than silver in recent months, neared the $5,000/Oz mark.In…
PwC India on Friday unveiled an AI framework here to unlock USD 550 billion by 2035 in five key sectors of agriculture, education, energy, healthcare and manufacturing. Launching the report, AI Edge for Viksit Bharat, at the World Economic Forum Annual Meeting here, PwC said India is positioned as a potential global benchmark for how…
Succession planning in promoter led Indian companies must be viewed through a commercial and generational standpoint, not a narrow, technical one. (AI image) By Varun SriramIn the last several years, across India’s listed company backdrop, a subtle but significant shift has been underway in how promoter families are viewing succession planning. As first and second-generation…
MUMBAI: Payments infrastructure startup Juspay has raised a fresh $50 million in funding from new investor WestBridge Capital at a valuation of $1.2 billion, becoming the first unicorn of the year. The investment includes a mix of primary and secondary transactions, the company said in a statement on Friday. In a secondary deal, a firm’s…
MUMBAI: IndusInd Bank swung back to profit in the December quarter, reversing a September-quarter loss, but earnings stayed sharply lower year-on-year as the lender shrank its balance sheet and absorbed higher provisions. It posted a net profit of Rs 128 crore for Q3 FY26, against a Rs 437 crore loss in Q2. A year earlier,…
