[ad_1] MUMBAI: Edelweiss Financial Services on Monday said it will bring in The Carlyle Group as strategic majority investor in its housing finance subsidiary, Nido Home Finance, with Carlyle-affiliated funds committing Rs 2,100 crore to the business. The transaction, announced on Tuesday, involves the acquisition of a 45% stake in Nido from Edelweiss through a…
[ad_1] MUMBAI: Govt is selling nearly 18.3 crore shares, translating to about 5.3% stake in PSU engineering major Bharat Heavy Electricals (Bhel) to mobilise about Rs 4,650 crore. The disposal of stake will be through the offer for sale (OFS) route that will open today and close on Thursday. The floor price for the OFS…
[ad_1] NEW DELHI: US Trade Representative Jamieson Greer Tuesday said the India-US deal will be a very important one that will reverberate for years to come, while stating that India could be an alternative to China for American companies looking to diversify their production.“We know that many companies already are going in that direction. We…
[ad_1] NEW DELHI: The Dadachanji Group, which is focused on pharma manufacturing and allied technologies, has forayed into building fully customised machines, medical devices, and automation solutions in pharma, healthcare, and other sectors through KAIRISH Innotech. The company will offer end-to-end capabilities across customised pharma machinery, medical device design and manufacturing, tooling and precision components,…
[ad_1] NEW DELHI: Bangladesh on Monday secured 19% reciprocal tariff from the US under a trade agreement, while managing some exemptions from reciprocal tariffs for textiles and garments manufactured using American material. While Indian exporters are keeping a close watch on the details – especially after some of the stocks took a beating – they…
[ad_1] MUMBAI: For Indian companies with a global footprint, navigating regulatory complexity has moved from the sidelines to the centre of corporate strategy. Rules on trade, tariffs, the environment, labour, data, and taxation are changing rapidly and increasingly shaping business outcomes.Import restrictions, carbon taxes, anti-dumping duties, subsidies, and localisation norms are altering cost structures, market…
[ad_1] More than Rs 72,000 crore in unclaimed bank deposits, including amounts lying with foreign lenders, have been transferred to a fund maintained by the Reserve Bank of India (RBI), the government told Parliament on Tuesday. The money is held in the Depositor Education and Awareness (DEA) Fund and reflects balances that have remained untouched…
[ad_1] File photo: Union finance minister Nirmala Sitharaman NEW DELHI: Tobacco Board, under the administrative control of the Department of Commerce, has written a letter to finance minister Nirmala Sitharaman highlighting the adverse impact of the unprecedented increase in excise duties on cigarettes on the industry, as well as on millions of farmers and workers.The…
[ad_1] HYDERABAD: Aarvee Engineering Consultants Limited has received the Securities and Exchange Board of India (Sebi)’s approval to proceed with its initial public offering (IPO) that comprises a fresh issue of equity shares aggregating up to Rs 202.5 crore and an offer for sale of up to 67.5 lakh equity shares by promoter Venkatachala Chakrapani…
[ad_1] Genome Valley Excellence Award 2026 to be conferred upon Dr Bruce Levine at BioAsia HYDERABAD: The Genome Valley Excellence Award 2026 will be conferred upon Dr Bruce Levine of the University of Pennsylvania’s Perelman School of Medicine at BioAsia this year for his contributions to cell and gene therapy, engineered T cells, and cancer…