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Meta to challenge CCI’s order on Rs 213 crore fine

Meta on Tuesday said that it disagrees with the Rs 213 crore fine levied on it by the Competition Commission of India for abuse of its dominant position, and will appeal against the order. The penalty pertains to the controversial implementation of WhatsApp’s 2021 privacy policy, which mandated data sharing between WhatsApp and other Meta

Competition from China is on the rise, but we are not impacted: CEO, Suzlon Group

Suzlon Energy’s revenue rose 48% on a yearly basis to Rs 2,103 crore in Q2FY25 and its net profit almost doubled to Rs 200 crore. The company had an order book of 5.1 GW—its biggest ever. JP Chalasani, chief executive officer, Suzlon Group, talks to Raghavendra Kamath about the company’s plans and the issues in

Adani to acquire 30 per cent in PSP Projects for Rs 685 crore

The Adani Group will acquire a 30% stake in Gujarat-based construction company PSP Projects from its promoters for Rs 685 crore. Adani Infra, part of the Gautam Adani-led conglomerate, will purchase the stake from Prahladbhai S Patel, who heads PSP Projects and is its shareholder. Also ReadUK-India Free Trade Agreement to relaunch in early 2025:

Tough for Meta to get interim relief against CCI order: Experts

American tech giant Meta may find it tough to get interim relief against the Competition Commission of India’s (CCI’s) Rs 213-crore penalty on it for its alleged abuse of the dominant position of its messaging app WhatsApp, according to competition law experts. “It would not be easy for the appeal court to disagree with the

NTPC Green to scale up RE capacity to 19 GW by FY27

The topmost priority of NTPC Green Energy Ltd after its listing  will be to scale up renewable energy capacity in a phased manner to 19 giga watt (GW) by  2026-27 at an estimated investment of Rs 1 lakh crore, Gurdeep Singh, chairman and managing director of its parent company NTPC Ltd said on Tuesday.  The

Yubi Group sets 40-50 per cent growth target in next 3 years

Yubi Group, backed by Peak XV and Lightspeed Ventures, reported a nearly 50% year-on-year increase in revenue, reaching Rs 490 crore in FY24. In an interview with Narayanan V, Gaurav Kumar, founder and CEO of the Chennai-based fintech unicorn, shares insights into the key growth drivers, the business outlook for the current fiscal year, and

HSBC cuts Sensex 2025 target by 10 per cent

HSBC Global Research has cut its 2025 year-end target for the Sensex to 90,520, from 1,00,080 points, citing risks from earnings downgrades and high valuations. “We see a 15% upside in India, but earnings per share (EPS) downgrades point to growth shifting down a gear to a still strong but more sustainable level,” Herald van

NSE revises norms for stocks listed on other exchanges

The National Stock Exchange (NSE) has revised the eligibility criteria for stocks listed on other exchanges to get directly listed on its mainboard platform. The exchange has raised minimum net worth of such companies to Rs 75 crore for each of the three previous years from the existing Rs 10 crore. If not, the security

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Silver ETF AUM crosses Rs 13,500 cr in 3 years, says Zerodha Fund House

Since the Securities and Exchange Board of India (SEBI) permitted the launch of silver Exchange-Traded Funds (ETFs) in November 2021, these funds have witnessed remarkable growth. By January 2025, the total Assets Under Management (AUM) for silver ETFs surpassed Rs 13,500 crore, with over six lakh investor folios. As of that date, there are 12

China plans to tie fund manager pay to performance – Lessons for India’s MF industry

The China Securities Regulatory Commission (CSRC) has suggested implementing salary reductions of up to 50% for fund managers whose investment products either incur losses or fail to meet benchmarks by 10% or more. This initiative, announced on March 14, 2025, is part of efforts to reform China’s $4.6 trillion mutual fund sector in light of

New NPS guidelines issued! Officials told to process like OPS – All you need to know

The Central Pension Accounting Office (CPAO) has issued new guidelines to ensure timely pension to retired employees of the National Pension System (NPS). In an Office Memorandum (OM) issued on March 12, 2025, the CPAO has reminded the concerned officials that NPS pension cases should be processed in the same manner as the Old Pension

Sukanya Samriddhi Yojana to Mutual Fund SIP, best investment options for your child

Securing your children’s financial future is one of the most important responsibilities of a parent. From education and marriage to other key life expenses, your growing children will need financial support at different stages. To ensure they have the necessary funds when required, it’s essential to diversify your investments across different schemes. In India, several

India sees record deal activity in February at $7.2 billion

India witnessed a record-breaking surge in deal activity in February, with 226 M&A and private equity deals totaling USD 7.2 billion — the highest monthly deal volume in the last three years, according to the Dealtracker report of Grant Thornton Bharat. “This represents a 67 per cent increase in volumes and a 5.4-fold increase in