Swiggy”s board approved capping foreign ownership at 49.5% to achieve Indian-owned-and-controlled status. This enables direct Instamart sales, boosting margins. Shareholders to vote Aug 18. New Delhi, Jul 23 (PTI) Swiggy on Thursday said its board has approved a proposal to cap the company’s aggregate foreign ownership at 49.5 per cent on a fully diluted basis,…
Hindalco Industries earmarks Rs 50,000 Cr & evaluates another Rs 50,000 Cr for India. Major expansion in aluminium, copper, and Novelis operations planned. New Delhi, Jul 23 (PTI) Hindalco Industries will invest Rs 50,000 crore in India over the next three years across upstream and downstream businesses and is evaluating an additional Rs 50,000 crore…
Sebi proposes significant changes to portfolio manager rules, allowing investments in overseas securities, unlisted debt, and ”to-be-listed” assets. Aims to broaden options for investors. New Delhi, Jul 23 (PTI) Markets regulator Sebi on Thursday proposed expanding the investment avenues available to portfolio managers by allowing them to invest in “to-be-listed” securities and overseas listed equity…
Gold loan-focused NBFC IFL Finance has filed preliminary IPO papers with Sebi to raise funds. The offering includes fresh issue and OFS to support capital base. New Delhi, Jul 23 (PTI) Gold loan-focused NBFC IFL Finance has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The…
Maharashtra CM Devendra Fadnavis launched Bharat Taxi, a zero-commission, surge-free ride-sharing app. Drivers get direct profits. Expanding across Maharashtra. Thane, Jul 23 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Thursday launched the Bharat Taxi ride-sharing app at the Navi Mumbai International Airport premises, stating that it will protect commuters from surge pricing. Bharat Taxi, which…
Union Minister Amit Shah lays foundation for the world”s largest curd plant in Kolkata. The Amul Bengal Dairy Project involves a Rs 700 crore investment. New Delhi, Jul 18 (PTI) Union Cooperation Minister Amit Shah will perform the Bhoomi Pujan of the world’s largest curd production plant under the Amul Bengal Dairy Project at the…
India”s automotive sector saw $717M in deals in Q2 2026, its lowest volume in 3 years, per Grant Thornton Bharat. Investment focused on EVs, mobility tech, and M&A. New Delhi, Jul 13 (PTI) India’s automotive sector recorded its lowest quarterly deals transaction volumes in three years at a total of USD 717 million in Q2…
Maharashtra introduces a temporary daily fee of Rs 5 and 2% welfare fund contribution for illegal bike taxi services starting Aug 1, until the EV policy is implemented. Mumbai, Jul 9 (PTI) Maharashtra Transport Minister Pratap Sarnaik on Thursday said the state government has decided to levy a temporary daily fee and welfare fund contribution…
Union Minister Amit Shah announced a new cooperative life insurance company, mirroring Bharat Taxi”s success. He highlighted the Ministry of Cooperation”s growth, initiatives, and vision for ”Viksit Bharat”. New Delhi, Jul 6 (PTI) Union Minister Amit Shah on Monday said a cooperative life insurance company will be set up to boost the growth of cooperatives…
Rapido founders booked in Nagpur after RTO complaint for operating bike taxi service without Maharashtra government”s permission, violating Motor Vehicles Act. Nagpur, Jul 3 (PTI) The founders of Rapido app have been booked in Nagpur for allegedly operating “petrol powered” bike taxi services in Maharashtra without requisite permission from the government, an official said on…