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Business
Aditya Birla Group Acquires Shell-Backed Sprng Energy in Major Renewable Energy Deal
Aditya Birla Renewables Ltd (ABRen), the renewable energy division of Grasim Industries, has finalized an agreement to acquire Sprng Energy from Shell Overseas Investment BV for approximately $1.8 billion. This…
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Business
India-US Trade Deal: Framework Agreement Prepared for Bilateral Trade Pact
NEW DELHI: The Indian government announced on Monday that discussions for the first phase of a bilateral trade agreement with the United States are progressing well. Commerce Secretary Rajesh Agrawal…
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Business
India-UK Free Trade Agreement: Tariff Reductions Insufficient for Export Growth, Says GTRI
India’s upcoming Comprehensive Economic and Trade Agreement (CETA) with the UK, effective July 15, is set to enhance market access for Indian exporters. However, the Global Trade Research Initiative (GTRI)…
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Business
E20 Controversy Unveiled: Revisiting an Old Roadmap in the Corporate Spotlight
The Indian government’s initiative to implement mandatory 20% ethanol-blended petrol, known as E20, has sparked a political controversy. Opposition leaders are questioning the decision, citing a 2021 NITI Aayog report…
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Business
Foreign Investors Reengage with Indian Market as Equities Drive Recovery
Foreign portfolio investors (FPIs) have shifted their strategy in July, becoming net buyers in Indian markets after months of selling. In the first ten days of July, FPIs invested $2.59…
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Business
Middle East Turmoil Resurfaces: Oil Prices Surge 4% Amid US-Iran Tensions
Oil prices surged on Monday, driven by escalating military tensions in the Middle East. Crude prices rose by 4% as renewed conflict between Iran and the United States heightened fears…
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Business
How to Send a Package to India Without the Stress
International shipping can feel like a puzzle with too many pieces. When a package needs to cross continents, many people worry about custom clearance delays, hidden fees, and packages getting…
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Business
US Airstrikes Prompt Iran to Accelerate Oil Exports Amid Renewed Conflict: Who Are the Potential Buyers?
Iran has ramped up its crude oil shipments, dispatching approximately 11 million barrels within the last 24 hours amid escalating tensions with the United States. This surge comes as President…
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Business
TCS Reports 2.7% Increase in Q1 Revenue and Expands Workforce by Over 9,000 Employees
BENGALURU: Tata Consultancy Services (TCS) reported a revenue of $7.6 billion for the June quarter, marking a 2.7% increase year-on-year but showing little change sequentially. This performance reflects a cautious…
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Business
India’s GCCs Reshape the Landscape of Global Leadership
A growing number of leaders from India-based global capability centres (GCCs) are entering the C-suite of Fortune 500 companies, reflecting the increasing strategic significance of these centres. Notable appointments include…
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Business
Nilekani’s Fundamentum Unveils Fund III with Rs 2,200 Crore Investment in Bengaluru
BENGALURU: Fundamentum Partnership has launched its third fund with a target corpus of Rs 2,200 crore, which includes a Rs 400 crore greenshoe option. Co-founded by Infosys co-founder Nandan Nilekani…
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Business
Oil Prices Update: Crude Oil Dips While Oil Stocks Eye Weekly Gains Amid Ongoing US-Iran Tensions
Oil prices dipped slightly in early trading on Friday, yet they are on track for significant weekly gains amid ongoing tensions between the United States and Iran. Brent crude futures…
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Business
Southwest Monsoon in India: S&P Warns Weak Rains May Impact Farm Incomes, Consumption, and Inflation Outlook
A weaker-than-normal southwest monsoon could threaten India’s rural economy, potentially reducing farm incomes, increasing food inflation, and slowing consumption demand, according to a report from S&P Global Ratings. The agency…
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Business
Government Reveals E20 Production Costs Exceed Those of Pure Petrol
NEW DELHI: The Ministry of Petroleum and Natural Gas has clarified that the production of E20 petrol is currently more expensive than pure petrol due to prevailing global crude oil…
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Business
India Positioned as a Leading Exporter of Refined Oil Products, Anticipates Significant Growth in Petroleum Product Exports
India’s petroleum product exports are projected to rise by approximately 25% from the fiscal year 2025 level of $44.4 billion. This increase is anticipated over the next few years as…
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