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…
ICICI Prudential Mutual Fund has announced the launch of the ICICI Prudential Conglomerate Fund, an open-ended equity scheme designed to invest in promoter-led groups with at least two listed companies across multiple sectors. The fund aims to capture the growth potential of India’s leading conglomerates while offering portfolio…
Tata Steel Nederland (TSN), the Dutch subsidiary of Tata Steel, has signed a non-binding Joint Letter of Intent (JLoI) with the Government of the Netherlands and the Province of North-Holland. The agreement lays the groundwork for a comprehensive decarbonisation and health project at TSN’s IJmuiden steelworks, aimed at…
Global brewing major Carlsberg Group has unveiled a ₹1,250 crore investment plan to expand its footprint in India’s food processing sector. The commitment was formalised through a Memorandum of Understanding (MoU) signed with the Ministry of Food Processing Industries (MoFPI) during the World Food India 2025 event. Investment…
President Donald Trump has announced plans to impose a 100% tariff on all films produced outside the United States, marking a potential first in U.S. trade policy for the movie industry. The proposal, initially raised in May, aims to address perceived losses in domestic film production. Trump’s Statement…
Uttar Pradesh’s Defence Industrial Corridor (UPDIC) has secured investments worth ₹34,000 crore in the aerospace and military equipment sectors, strengthening India’s push for self-reliance under the Make in India initiative. The corridor spans six nodes: Kanpur, Jhansi, Lucknow, Aligarh, Agra, and Chitrakoot. Land Allotment and Industrial Setup The…
India has announced the funding of its first-ever railway project in Bhutan, connecting the towns of Gelephu and Samtse to India’s railway network. The historic project, with an investment of ₹4,033 crore, aims to strengthen bilateral ties, trade, and regional connectivity between the two countries. Project Details The…
UST, a California-based technology firm, and Kaynes Semicon, a subsidiary of Kaynes Technology India Ltd, have announced a joint investment of ₹3,330 crore to establish an Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat. The facility will support India’s ambition to expand its footprint in the…
The Reserve Bank of India (RBI) has announced an auction of ₹320 billion ($3.6 billion) 10-year government securities on October 3, 2025, aiming to establish a fresh benchmark for medium-term debt in the Indian bond market. The new issuance is expected to serve as the primary reference for…
India’s Index of Industrial Production (IIP) for August 2025 rose 4% month-on-month, up from 3.5% in July, reflecting a steady rebound in industrial activity, according to the Ministry of Statistics & Programme Implementation (MoSPI). Sectoral Performance Mining: The sector led the expansion with a 6% growth, rebounding sharply…