‘We are undervalued’: Govt disappointed with state-run oil firms’ valuations; considers partial ownership sale

[ad_1] Union minister for petroleum and natural gas, Hardeep Singh Puri on Friday express disappointment with the investor community, citing the low valuation given to state-owned oil markets.Puri said that the government might consider selling part ownership in oil companies in order to increase efficiency, though there is no plan to sell any holding as…

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‘Curb Russia oil imports’: US tells India – Crude buy key factor in reducing tariffs, sealing trade deal

[ad_1] US trade representatives emphasised to their Indian colleagues that addressing the Russian oil issue was essential. (AI image) India-US trade deal is contingent on India curbing its Russian crude oil imports, US trade negotiators have reportedly told Indian officials. Trade officials from the United States have informed India’s negotiators that a curb in Russian…

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Leadership change at Tata Motors: Shailesh Chandra named CEO; appointment effective October 1

[ad_1] Shailesh Chandra (Image credit: Tata Motors website) Tata Motors has named Shailesh Chandra as additional director, managing director & CEO, taking effect from October 1, 2025, with a three-year tenure. Chandra shall maintain his leadership role at Tata Passenger Electric Mobility, the firm’s EV subsidiary, following P B Balaji’s departure as Group CEO, as…

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Binny Bansal-backed Curefoods raises Rs 160 cr in pre-IPO placement

[ad_1] Curefoods logo (Image/X@the_curefoods) BENGALURU: Curefoods India, the multi-brand cloud kitchen operator promoted by Ankit Nagori, has raised about Rs 160 crore in a pre-IPO placement ahead of its planned listing. The company allotted about 1.3 crore equity shares at Rs 124 apiece to 3State Ventures, the investment arm of Flipkart co-founder Binny Bansal.The placement,…

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US stocks: Wall Street inches higher after pharma tariff announcements; Dow over 300 points, S&P jumps 0.5%

[ad_1] US stocks were trading in green on Friday, buoyed by a combination of factors including renewed hopes for more rate cuts and US President Donald Trump’s announcment for new tariffs, including a 100% import tax on foreign-made pharmaceutical drugs, starting next week. Dow Jones soared 369 points or 0.8% to reach 46,316 while Nasdaq…

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‘Examining impact’: India’s first response to 100% pharma tariffs by US; concerned ministries ‘monitoring matter’

[ad_1] Randhir Jaiswal (File photo) NEW DELHI: India on Friday issued its first official response to reports that US President Donald Trump announcing imposition of tariffs of up to 100 per cent on imports of branded and patented pharmaceutical drugs from October 1.During the weekly briefing, MEA’s official spokesperson Randhir Jaiswal said, “We saw a…

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Lollapalooza effect! India’s consumption spending set to soar: Policy trifecta of GST, tax, and rate cuts to fuel Rs 3 lakh crore surge

[ad_1] India is poised for a significant boost in consumer spending as GST rate reductions come into effect from Navratri, alongside income tax relief and lower interest rates from the RBI.Analysts are calling this a “Lollapalooza effect”, a rare policy combination expected to create a multiplier impact across consumption-linked sectors, influence spending habits, and generate…

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India-US trade deal: Commerce Ministry shares update on Piyush Goyal’s visit; says aim to ‘achieve early conclusion’

[ad_1] A delegation headed by Piyush Goyal conducted an official visit to the US from September 22-24, 2025. (AI image) India-US trade deal talks: India and the US have decided to continue working towards an early conclusion to the trade agreement, according to a statement by the Ministry of Commerce & Industry.Sharing an update on…

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Boost for IAF! HAL looks to secure billion-dollar GE engine deal for LCA Tejas Mk1A; India-US defence ties in focus

[ad_1] India is on track to finalise a $1 billion deal with US aerospace firm General Electric (GE) for 113 F404-IN20 fighter jet engines, as negotiations between the two countries continue.The engines will power India’s indigenous LCA Tejas Mk1A, supporting the government’s Atmanirbhar Bharat defence initiative. Tejas Mk1A Defence Deal Hailed by HAL CMD as…

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Indian Railways revises contract conditions: Introduces localisation, price variation clauses; compliance with GST norms in focus

[ad_1] Indian Railways has revised its standard conditions of contract for tenders, introducing localisation and price variation clauses while emphasizing maintenance during contract execution, officials said. The changes aim to make procurement more flexible and reduce litigation.“Contractors can replace faulty or rejected goods within 60 days of being informed of defects. They had just 21…

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