The Government of India has decided to keep petrol and diesel prices unchanged for now, even as global crude oil prices have crossed the $100 per barrel mark. Officials indicated that the situation is being closely monitored while domestic oil marketing companies temporarily absorb the impact of rising…
Tata Power Company Limited has invested ₹50 crore in Dorjilung Hydro Power Limited (DHPL), acquiring a 40% equity stake in the Bhutan-based hydropower developer. The investment was made through the subscription of 50,00,000 equity shares with a face value of ₹100 each. According to the company’s filing, this…
Securities and Exchange Board of India (SEBI) has concluded enforcement proceedings against 29 venture capital funds (VCFs) after they opted for settlement under a special regulatory scheme. The action relates to delays in liquidating investments within the prescribed timeframe of their respective fund schemes. The cases were resolved…
India and Uzbekistan have jointly introduced a pharmaceutical and nutraceutical trade corridor aimed at connecting Indian manufacturers with markets across the Commonwealth of Independent States (CIS) and the broader Eurasian region. According to reports, the combined opportunity in healthcare and dietary supplements across these markets is estimated at…
National Stock Exchange of India (NSE) is moving ahead with preparations for its long-awaited initial public offering (IPO) and is likely to appoint merchant bankers in March, according to reports. The step marks progress in the exchange’s listing journey, which has faced several delays over the past decade…
The Reserve Bank of India (RBI) conducted a switch auction on behalf of the Government of India, under which government securities (G-secs) worth ₹6,309 crore were repurchased. At the same time, the government issued new bonds amounting to ₹6,431.797 crore, according to reports. Switch auctions are commonly used…
Star Health and Allied Insurance Company Limited, India’s largest standalone health insurer, is accelerating its adoption of artificial intelligence (AI) to automate the settlement of cashless hospitalisation claims. The company expects that more than half of its cashless claims could be processed through AI systems within the next…
True Balance, a digital fintech platform, has secured $10 million in debt financing to support the expansion of its lending operations in India. The funding was raised from a consortium of investors, including Northern Arc Capital. Capital to Expand Loan Offerings The newly raised capital will be channelled…
SBI Cards and Payment Services Limited has declared an interim dividend of ₹2.50 per equity share for the financial year 2025–26. The announcement was approved by the company’s Board of Directors during its meeting held on March 5, 2026. Each equity share of the company carries a face…
Reliance Retail Limited has acquired the brand “Pahadi Local” along with its business operations from Pahadi Goodness Private Limited, marking another step in the company’s effort to expand its portfolio of Indian beauty and wellness brands. Reliance Retail operates as a subsidiary of Reliance Retail Ventures Limited, the…