Piramal Enterprises Ltd. has received a GST demand notice of Rs 1,502 crore, including tax, interest and penalties, from the Deputy Commissioner of State Tax, Maharashtra. According to an exchange filing on Friday, the penalty component amounts to Rs 83 crore. The tax demand pertains to the company’s sale of its pharma business to Piramal
While US President Donald Trump announced the likely imposition of 25 per cent tariffs on imported pharmaceuticals, Kotak Institutional Equities (KIE) analysed the base and worst case scenarios in the event of the tariff hike. “In the backdrop of uncertainties around US tariffs on pharma, our base case is high tariffs (>10 per cent) are
India has been witnessing its fair share of business family feuds in recent times – from the Kalyanis and Modis to the Hinduja brothers, and now another marquee feud doing the rounds is between the real estate developers, the Lodha siblings. With the rivalry escalating, the mother of warring brothers – Abhishek and Abhinandan Lodha
Adani Green Energy Ltd (AGEL) on Friday announced that its wholly owned subsidiary, Adani Green Energy Twenty Five A Limited has operationalized a 275 MW of solar power project at Khavda, Gujarat. In a regulatory filing, the company said, “In furtherance to the intimation dated March 30, 2024 regarding operationalization of projects, Adani Green Energy
IT services major Tata Consultancy Services (TCS) is set to roll out its annual salary hikes for the fiscal year 2025 in March, with the average increases ranging between 4 per cent and 8 per cent, according to a report by Economic Times. The payouts, it added, are expected to start from April 2025. TCS
P Venkatesalu, managing director at Trent, which runs Westside, Zudio and Star Bazaar, believes the retail business is about constant change and staying relevant to the consumer. Venkatesulu, 47, who has been with Tata Group for over two decades and was elevated to the MD’s post in 2024, talks to Viveat Susan Pinto about how
Ikea India expects its sales in North India to grow at an above-normal pace over the next two years, driven by strong demand for home decoration and kitchen products. Bhavana Jaiswal, country e-commerce manager, and Jasmeet Sood, country home furnishing & retail design manager, discuss the company’s strategy, upcoming stores, and market outlook with Raghav
As much as 60% of brick-and-mortar retailers believe that improved access to technology can empower them to enhance their competitiveness in an evolving market, according to a report by PwC India. Despite this, 53% are yet to adopt digital solutions, even though nearly 45% of consumers are preferring an omnichannel approach. The report, titled The
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
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
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
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 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
