The Competition Commission of India (CCI) has granted in-principle approval to Naveen Jindal-led Jindal Power Ltd to acquire the debt-laden Jaiprakash Associates Ltd (JAL), subject to the company securing a winning bid in the ongoing insolvency process. The approval marks a crucial step in the corporate insolvency resolution…
India’s fiscal deficit reached ₹5.98 lakh crore during the first five months of FY26 (April–August), accounting for 38.1% of the full-year target of ₹15.68 lakh crore, as per official data released on Tuesday. The fiscal deficit, which tracks the gap between the government’s total expenditure and receipts (excluding…
The Securities and Exchange Board of India (SEBI) has extended the implementation timeline for the rollout of algorithmic (algo) trading for retail investors, offering brokers additional time to comply with the regulatory framework. The move reflects SEBI’s effort to balance innovation with investor protection, ensuring that the adoption…
Pharma & Healthcare Headlines Pfizer Secures 3-Year Tariff Relief Pfizer Inc. has received a three-year reprieve from the US pharmaceutical import tariffs imposed by former President Donald Trump. The 100% tariff is set to take effect from October 1, but Pfizer will remain exempt for the next three…
View on market: Volatility persists, eagerly searching for growth: Asian stock markets slipped slightly in quiet trade as exchanges in China and Hong Kong remained shut for holidays. U.S. markets ended higher overnight, with all three main indexes posting small gains. Investors were relieved as worries about an…
EyeROV, a deep-tech startup specialising in underwater robotics, has secured a ₹47 crore contract from the Indian Navy to supply advanced Underwater Remotely Operated Vehicles (UWROVs). The systems will enhance the Navy’s capabilities in underwater surveillance, reconnaissance, and other specialised missions. Deal Overview The contract covers EyeROV’s indigenously…
Vishvaraj Environment, a leading developer in water utility and wastewater management, has filed a Draft Red Herring Prospectus (DRHP) with SEBI for its initial public offering (IPO) to raise ₹2,250 crore through a mix of fresh issue and Offer for Sale (OFS). Premier Financial Services is the promoter…
RBL Bank has entered into a strategic bancassurance partnership with Life Insurance Corporation of India (LIC), the country’s largest life insurer. The tie-up will allow RBL Bank customers to access LIC’s full range of life insurance products through the bank’s 2,000+ service touchpoints, supported by LIC’s 3,600+ branches…
Canara Bank announced that its subsidiary, Canara Robeco Asset Management Company Ltd. (Canara Robeco AMC), has received SEBI’s approval for its Updated Draft Red Herring Prospectus (UDRHP). This marks a key step toward the company’s much-anticipated Initial Public Offering (IPO). SEBI Clears UDRHP of Canara Robeco AMC The…
Parag Parikh Flexi Cap Fund (PPFAS AMC) is introducing an IDCW (Income Distribution cum Capital Withdrawal) option alongside its existing Growth option, effective October 31, 2025. Unit holders who do not wish to continue under the revised scheme can exit without exit load during a one-time window from…