InterGlobe Aviation Promoters, including co-founder Rakesh Gangwal and the Chinkerpoo Family Trust, are set to offload shares worth ₹7,028 crore via a block deal. The offer price is fixed at ₹5,808 per share, about 4% lower than the last closing. Biocon Its subsidiary has received tentative USFDA approval…
The Trump administration on Monday (local time) issued a formal notice outlining its plan to impose 50% tariffs on Indian goods, escalating trade tensions between the two countries. The move signals Washington’s determination to move forward with additional levies even as President Trump attempts to broker a peace…
The Union Finance Ministry has announced that central government employees will be allowed a one-time, one-way switch from the Unified Pension Scheme (UPS) to the National Pension System (NPS). This facility is available up to one year before retirement or three months before voluntary retirement, whichever is earlier.…
Reserve Bank of India (RBI) Governor Sanjay Malhotra on Monday (25 August 2025) said the country’s foreign exchange reserves stand at $695 billion, strong enough to cover 11 months of merchandise exports. Speaking at the FIBAC 2025 annual banking conference in Mumbai, he highlighted the resilience of India’s…
A wave of development projects worth over ₹5,400 crore was launched at Khodaldham Ground in Ahmedabad, with a focus on urban development, infrastructure, energy, and railways. The initiatives highlight the government’s continued emphasis on inclusive growth, ensuring benefits reach farmers, cattle rearers, small entrepreneurs, and the urban poor.…
Fitch Ratings has reaffirmed India’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-’ with a Stable Outlook, citing strong growth prospects and resilient external finances. While high public debt continues to weigh on the credit profile, the rating reflects confidence in India’s economic fundamentals and policy reforms. Limited…
Indian travellers are increasingly moving away from traditional tourist hubs and choosing unique, lesser-known destinations. This shift has driven a 45% rise in travel insurance purchases for adventurous and offbeat trips over the last 2–3 years, according to Policybazaar. Emerging Travel Hotspots Destinations such as Seychelles (115% YoY…
Larsen & Toubro (L&T), India’s leading engineering and infrastructure conglomerate, is sharpening its focus on defence, digital infrastructure, and power as part of its diversified growth strategy. Data Centres and Cloud Services L&T has already invested about ₹2,200 crore in data centres, with 32 MW capacity operational, including…
One97 Communications Ltd. (OCL), the parent company of Paytm, has announced plans to invest up to ₹455 crore in two of its wholly owned subsidiaries — Paytm Money Ltd. (PML) and Paytm Services Pvt. Ltd. (PSPL). The investment is aimed at strengthening its broking and allied businesses at…
Mazagon Dock Shipbuilders Ltd. (MDL), one of India’s leading defence public sector undertakings, has issued an official clarification regarding media reports linking it to a ₹70,000-crore submarine project in collaboration with Germany’s Thyssenkrupp Marine Systems (TKMS). In its statement to the exchanges, the company described the report as…