Mundra Port, the flagship facility of Adani Ports and Special Economic Zone (APSEZ), has achieved a groundbreaking milestone by becoming the first Indian port to handle over 200 million metric tonnes (MMT) of cargo in a single financial year. This historic achievement was recorded for the fiscal year 2024-25, marking a significant leap in India’s…
IndusInd International Holdings Ltd (IIHL), a Hinduja Group company, has officially assumed control of Reliance Capital, marking the conclusion of a three-year-long resolution process under the Corporate Insolvency Resolution Process (CIRP) of the Insolvency and Bankruptcy Code (IBC). The development follows the withdrawal of a petition by Reliance Capital’s lenders from the National Company Law…
Google has expressed its appreciation for the National Company Law Appellate Tribunal’s (NCLAT) recent decision to significantly reduce the antitrust penalty imposed on the tech giant by the Competition Commission of India (CCI). The penalty, originally set at ₹936.44 crore in 2022, has been lowered to ₹216.69 crore following NCLAT’s ruling. The case revolved around…
As the new financial year begins on April 1, 2025, several significant changes in financial regulations are set to impact taxpayers, UPI users, credit card holders, and pensioners across India. These updates, announced in the Union Budget 2025 and other regulatory frameworks, aim to streamline processes and enhance financial security. 1. Revised Income Tax SlabsUnder…
The Reserve Bank of India (RBI) is anticipated to proceed with another round of monetary easing during its April Monetary Policy Committee (MPC) meeting, according to a report by Bank of America (BofA) Global Research. The central bank is expected to reduce the repo rate by 25 basis points (bps), bringing it down to 6%,…
In a significant move to support the financially struggling telecom operator Vodafone Idea (Vi), the Indian government has decided to convert ₹36,950 crore of the company’s outstanding spectrum auction dues into equity. This decision will increase the government’s stake in Vodafone Idea from 22.6% to approximately 48.99%, making it the largest shareholder in the company….
The Indian stock market is set to navigate a critical week, with reciprocal tariffs, global trends, and Foreign Institutional Investor (FII) activity emerging as pivotal factors influencing market sentiment. Analysts predict that these triggers will dictate the direction of equity indices in the holiday-shortened week ahead, as markets remain closed on Monday for Eid-Ul-Fitr. The…
India’s economy is set to achieve a robust growth rate of 6.5% in the fiscal year starting April 1, 2025, according to the latest EY Economy Watch report. This projection underscores the nation’s resilience and its potential to sustain long-term economic expansion through strategic fiscal measures. The report highlights the importance of a well-calibrated fiscal…
Yes Bank has received a ₹2,209 crore demand notice from the Income Tax Department for the assessment year 2019-20. The reassessment order, issued by the National Faceless Assessment Unit on March 28, 2025, did not include any new disallowances or additions, leaving the grounds for reassessment unsubstantiated. Despite this, the demand notice includes ₹243.02 crore…
Tata Motors is set to make a significant entry into the electric two-wheeler market with the launch of its highly anticipated electric scooter. Scheduled for release in 2025, this eco-friendly vehicle promises a range of up to 200 kilometers on a single charge, coupled with advanced features designed to redefine urban commuting. The scooter is…
