Fitch Ratings has revised its economic outlook for India, lifting the FY26 growth forecast to 7.4% from its earlier estimate of 6.9%. The improved projection reflects stronger-than-expected domestic consumption, rising household spending capacity, and the positive impact of recent GST reforms on economic activity. Growth Drivers and Economic…
The Rajasthan High Court has issued a landmark directive imposing new regulatory requirements on gig workers associated with platforms such as Ola, Uber, Swiggy, Zomato, and other app-based delivery or transport services. The move is aimed at enhancing transparency, safety, and accountability within the rapidly expanding gig workforce…
BEML Limited has secured a new order worth ₹157 crore, marking a notable addition to its ongoing business pipeline. The order has been placed by Loram Rail Maintenance India Private Limited and is focused on supporting Indian Railways' track infrastructure. Under the agreement, BEML will manufacture and deliver…
JK Cement has increased its shareholding in O2 Renewable Energy V Private Limited as part of its ongoing transition toward sustainable power sourcing. The company purchased an additional 12.21% equity from JSW Neo Energy, raising its total stake in the renewable energy company from 16.76% to 28.97%. The…
India is poised to sign a major defence agreement with Russia worth nearly $2 billion, involving the lease of a nuclear-powered attack submarine, according to a Bloomberg report. The deal is expected to be concluded during Russian President Vladimir Putin’s visit to New Delhi, marking a significant step…
India’s 5G rollout has reached a major operational milestone, with more than 5 lakh 5G Base Transceiver Stations (BTS) now installed across the country. The update was shared by Minister of Communications Jyotiraditya Scindia in a written response in the Lok Sabha, highlighting accelerated progress in strengthening the…
ICICI Prudential Asset Management Company (AMC) is preparing to launch its initial public offering (IPO) next week, targeting a fundraise of approximately ₹107 billion ($1.2 billion), according to Bloomberg. The move follows the filing of an updated draft offer document earlier this week. Valuation and Stake Sale The…
Shree Krishna Infrastructure Limited has witnessed a notable change in its shareholding pattern following the acquisition of a 9% stake by Paras Shah. The transaction was executed off-market on December 1, 2025, with Paras Shah purchasing 9,90,000 equity shares. Acquisition Details Acquirer: Paras Shah Shares Acquired: 9,90,000 Voting…
India is set to intensify discussions on a potential Free Trade Agreement (FTA) with the Russia-led Eurasian Economic Union (EAEU) during Russian President Vladimir Putin’s visit to New Delhi on December 4. Government sources indicate that India may also explore a separate services pact with Russia, as trade…
Embassy Office Parks REIT has finalized the acquisition of a 0.3 million sq ft premium office property at Bengaluru’s Embassy GolfLinks Business Park for ₹852 crore (US$ 94 million). The property comes with long-term leases to a leading global investment firm, offering the REIT a secure and stable…