The Union government has assigned benches to 21 of the 24-newly appointed judicial and technical members of the National Company Law Tribunal (NCLT), weeks after calls to fast-track the assignment-process were made by the NCLT Bar Association. The Supreme Court too had in a November 2024 ruling expressed disappointment regarding the large vacancies in the
India’s infrastructure-focused Adani Group has revived plans for substantial investments in the United States, Financial Times reported on Sunday. ALSO READIndia’s industrial policy shifts and the role of privatisation According to the report, the conglomerate is reconsidering funding projects in nuclear power, utilities, and an East Coast port. The development, citing sources close to Gautam
When H&M celebrated 20 years of iconic guest designer collaborations over the years with fashion houses such as Karl Lagerfeld, Versace, Stella McCartney, Comme des Garçons, Isabel Marant, Mugler last year, it did with a special preloved collection. H&M Group owns 80% of pre-loved marketplace Sellpy, a big player in second-hand fashion in Europe with
Paytm has been issued a show cause notice by the Enforcement Directorate (ED) for alleged violations of the Foreign Exchange Management Act (FEMA), the company revealed on Saturday. The notice pertains to irregularities in the acquisition of two subsidiaries—Little Internet Private Limited and Nearbuy India Private Limited—between 2015 and 2019, according to Paytm’s statement. Reassuring
French sports good retailer Decathlon has identified India as a priority market, where it has an annual revenue of Rs 4,000 crore, growing at over 35% per annum. The double-digit growth prompted Decathlon to announce an investment of nearly Rs 1,000 crore in India in August, which will be done over the next five years. Sankar
India and the European Union on Friday decided to conclude their much-awaited Free Trade Agreement (FTA) by the end of 2025, and finalised a blueprint for increased collaboration in broad range of areas such as trade, mobility, technology and investment. “We have directed our teams to conclude a mutually beneficial Bilateral Free Trade Agreement by
TVS Indeon, a wholly-owned subsidiary of automotive electrical component manufacturer Lucas TVS, is set to enter battery cell manufacturing for the mobility segment and energy storage solutions, a senior company official said.“Currently, we are only offering battery packaging solutions. The next step is to enter battery cell manufacturing,” said TK Balaji, chairman and managing director
Versuni India, earlier known as Philips Domestic Appliances, is aiming to manufacture 90% of its portfolio domestically, up from 70% currently, in the next two years, a top official said. “When I say made in India, it is conceptualised in India, developed in India and then manufactured in India,” Gulbahar Taurani, MD and CEO, Versuni
EV cab aggregator BluSmart has denied reports of being in discussions or negotiations with Uber regarding a possible acquisition. A spokesperson from BluSmart told CNBC TV18 that reports suggesting such a development are entirely speculative and unfounded. The company spokesperson further maintained that BluSmart remains focused on scaling its operations, expanding its footprint, and driving
Welspun Corp Ltd on Monday announced that it has received a new order worth Rs 2,400 crore (approx) in the US. The order, it added, is for supply of coated pipes for Natural Gas Pipeline Projects in the USA. In a regulatory filing, the company said that the orders will be executed largely during FY26
All eyes are on the market levels this week after the Nifty failed to close above 22,500 last week. Positive global cues are expected to boost sentiment. Market participants have noted that the Nifty 50 needs to jump above the 22,500 mark decisively for an uptrend as this has become a key resistance level while
For stock market investors, few things are as exciting as corporate rewards such as dividends landing in their accounts, extra shares through bonuses, or stock splits making pricey stocks more affordable. And this week, there is a lot happening on that front. Some of the most watched stocks include Indian Railway Finance Corporation (IRFC), Power
The IPO market is back in action. After a relatively quiet spell, the primary market is heating up again with four new public issues set to open for subscription this week. Investors can look forward to one mainboard IPO and three SME IPOs hitting the Street, while two recently concluded issues will make their market
