India’s merchandise trade deficit declined to $27.1 billion in February 2026, improving from $34.68 billion recorded in January. The moderation was primarily driven by a reduction in imports, along with steady export performance during the month. Sequential Improvement in Trade Balance The latest data reflects a narrowing of…
India’s merchandise trade deficit moderated in February 2026, declining to $27.1 billion from $34.68 billion recorded in January. The improvement was driven by stable export performance and a notable contraction in imports during the month. Monthly Improvement in Trade Balance The narrowing of the deficit reflects a combination…
ISGEC Heavy Engineering Limited has provided financial backing to its overseas subsidiary by issuing a Standby Letter of Credit (SBLC) worth CAD 2 million. The development, disclosed to stock exchanges on March 17, 2026, is aimed at strengthening the subsidiary’s access to working capital. SBLC Structure and Purpose…
Crompton Greaves Consumer Electricals has reported robust growth in demand for its induction and electric cooker product range, reflecting a broader shift in consumer preferences toward energy-efficient and modern cooking solutions. Rising Demand in Electric Cooking Segment The company has witnessed a sharp increase in sales of induction…
Travelstack Tech, the parent entity of budget hospitality brand FabHotels, has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO). The Bengaluru-based company, supported by leading global investors including Goldman Sachs, is among a set of companies recently…
Thermax Limited has announced a change in the shareholding structure of its former step-down subsidiary, First Energy 8 Private Limited (FE8PL), following the induction of a new strategic investor. The development comes after India Cements Limited entered into a Share Subscription and Shareholders Agreement (SSHA) with FE8PL, resulting…
The Securities and Exchange Board of India (SEBI) has granted regulatory clearance to three companies—Travelstack Tech, Tea Post, and Learnfluence Education—to proceed with their initial public offerings (IPOs). The approval follows the issuance of observations on their draft offer documents, enabling the companies to move ahead with the…
Adani Enterprises Limited has received approval from the Ahmedabad bench of the National Company Law Tribunal (NCLT) for its Composite Scheme of Arrangement, marking a key step in restructuring multiple group entities. The scheme, sanctioned on March 16, 2026, is aimed at simplifying the corporate structure, improving operational…
India Post is set to roll out its premium ‘24 Speed Post’ service on March 17, 2026, offering guaranteed next-day delivery for time-sensitive consignments. The service will be formally launched at an event in New Delhi, attended by senior government officials, including Jyotiraditya M. Scindia and Chandra Sekhar…
India has introduced greater clarity in its foreign investment policy by specifying how investments linked to neighbouring countries will be evaluated under the revised Press Note 3 framework. The move is intended to streamline regulatory processes while maintaining national security safeguards. According to S Krishnan, Secretary at the…
