The tariff war and reciprocal tariff demands are gaining traction as US President Donald Trump announced that the US will introduce reciprocal tariffs from April 2. In the latest development on the zero tariff demands from US, CNBC-TV18 reported that US may demand zero tariffs on all products traded between the two countries apart from
Mukesh Ambani’s Reliance Retail is worried about slowing sales after brokers valued the company at just $50 billion, which is half of what it was worth when it raised money two years ago, reported Bloomberg. Ambani has admitted to investors that the retail business, which was part of his effort to diversify from energy, grew
Tata Electronics will set up a display manufacturing unit in Gujarat in partnership with Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC) and Himax Technologies, Inc. The three companies on Wednesday signed a tripartite Memorandum of Understanding (MoU) to jointly explore opportunities in the display semiconductor market and ultra-low power AI sensing, both in India and globally.
Global investor Brookfield Asset Management, on Wednesday said it has sold 1.6 GW portfolio of solar and wind assets in the country to Gentari Renewables India, structured in two phases. Though the investor did not disclose the size of the deal, sources pegged the deal around $900 million. The first phase, comprising the sale of 1
Joint Civil Judge S S Shinde of the Pune Civil Court on Wednesday asked the court to issue notices to Baba Kalyani and Gaurishankar Kalyani regarding a partition suit filed by their sister, Sugandha Hiremath. The court was hearing a partition suit filed by Hiremath, seeking a one-third share of the Kalyani HUF (Hindu Undivided
In the largest deal in mall space, global investor Blackstone Group is set to acquire South City Mall in Kolkata for Rs 3,480 crore ($400 million), said people familiar with the matter. Apart from the mall, the deal also includes the purchase of a school property in Sri Lanka, the people said. “Both the mall
Shraeyansh Thakur, an investor at Peak XV Partners (formerly Sequoia Capital India and SEA), is leaving the venture capital fund after nearly a decade to pursue a new entrepreneurial journey, he said in a LinkedIn post on Wednesday. Thakur is on the board of Apna Mart, Cars 24, and digital visa platform Atlys, while he
Oyo is expected to report a profit after tax (PAT) of Rs 1,100 crore in 2025-26, according to the company’s founder Ritesh Agarwal. If true, this will be significantly higher than Rs 229.6 crore reported in 2023-24. Agarwal shared the profit projections with the company’s management recently, according to people familiar with the matter.Between April
Infosys co-founder Nandan Nilekani, who played a pivotal role in building India’s digital public infrastructure such as Aadhaar and UPI, expects the number of startups in India to grow 20% every year to reach one million in the next ten years. Currently, there are around 150,000 startups in India but the number is set to
The three-year stint of Insurance Regulatory and Development Authority of India (Irdai) chief Debasish Panda saw a healthy tilt towards consumer protection. Panda’s tenure is scheduled to end on Thursday. His big moves — capping premium hikes for senior citizen health policies at 10%, increasing surrender value for holders unhappy with their policies and reducing
SLMG Beverages, the largest independent bottler of Coca-Cola in India, is likely to post a revenue of Rs 8,000 crore this fiscal, around 14% higher than Rs 7,000 crore in FY24, a senior official said on Wednesday. Talking to FE, the company’s joint managing director Paritosh Ladhani said that in FY26 revenue is likely to
Stock Market Holiday on Holi 2025: The Indian stock market will be closed on Friday, March 14, 2025, in celebration of Holi, the festival of colors but will be open on March 13. Trading will resume on Monday, March 17, after the extended weekend break, as per the holiday schedule issued by the National Stock
The Income Tax Department, on its official X handle, has alerted taxpayers to pay their last installment of advance tax for the financial year 2024-25. The last date to pay the advance tax is March 15, 2025. The I-T department has said that taxpayers paying on time not only save themselves from penalties but also
