US remains top destination for engineering goods exports in December
The US continued to be the top destination for India’s engineering goods exports in December 2024 while West Asia and North Africa (WANA) emerged as the top region for the first time, according to an analysis by EEPC India. While engineering exports have grown for eight consecutive months despite looming
Ex-ante framework will be beneficial for digital markets regulation, says CCI chief Ravneet Kaur
The Competition Commission of India (CCI) is in favour of introduction of an ex-ante framework for regulation of booming digital markets in the country and sees it as a beneficial tool in the hands of the regulator, its Chairperson Ravneet Kaur has said. The competition watchdog is looking at ex-ante regulation
Maharashtra signs MoUs worth over ₹17 lakh crore at Davos
Maharashtra has garnered investment commitments of around ₹17 lakh crore from diverse companies, Indian and global, at the World Economic Forum in Davos, with Reliance Industries signing MoUs worth over ₹3 lakh crore. Some of the other preliminary agreements that the state chief minister Devendra Fadnavis has signed over the
Tata Sons seeks CCI nod for 10 per cent stake buy in Tata Play
Tata Sons Private Limited (Tata Sons) has approached the Competition Commission of India (CCI) for approval to acquire a 10 per cent stake in Tata Play Limited from Baytree Investments (Mauritius) Pte Ltd., a Temasek affiliate. The proposed transaction, notified under Section 6(2) read with Section 5(a) of the Competition
CCI keeping pace with India’s rapidly evolving economic landscape, says Chairperson Kaur
In an exclusive interaction with businessline, Ravneet Kaur, Chairperson of the Competition Commission of India (CCI), reflects on innovation, start-ups and the future of competition law. As she marks over a year and a half at the helm, Kaur delves into her dynamic vision and strategic priorities for the competition watchdog.
Karnataka Governor Gehlot returns the Mineral Tax Bill, seeks clarification
The Karnataka Governor Thawar Chand Gehlot has returned the Mineral Tax Bill, according to news reports. The Governor cited queries raised by mining associations as the reason for his decision. Commenting on the development, Congress spokesperson, BL Shankar stated, “This Bill was introduced in the interest of the community. Both
Arya.ag secures $30 million debt from HSBC India, backed by GuarantCo
Grain commerce platform Arya.ag said on Thursday that it has secured $30 million in debt from HSBC India, backed by GuarantCo. Part of the Private Infrastructure Development Group, GuarantCo has provided two partial guarantees to HSBC India to extend ₹250 crore ($30 million) loan facility to Arya.ag. The proceeds of
EVs, hybrids impacting auto fuel sales in FY25
The rising popularity of electric vehicles (EVs) and hybrid vehicles is impacting India’s consumption of petrol and diesel, which accounts for more than 60 per cent of the refined products usage in the world’s third-largest crude oil consumer. Top management at the State-run Bharat Petroleum Corporation (BPCL), operating over 22,000
India’s December y-o-y air passenger traffic up by over 8%
India’s domestic air passenger traffic grew by over eight per cent in December 2024 on a year-on-year basis, official data showed on Wednesday. As per the data released by the Directorate General of Civil Aviation (DGCA), India’s scheduled domestic flight operators ferried around 1.49 crore passengers last month. In December
India eyes ₹15,000 crore budget support for green steel mission in bold move towards low-carbon economy
India’s Steel Ministry is seeking a ₹15,000 crore policy – push for green steel in the upcoming budget. Officials told businessline, the corpus would look to include a PLI-type scheme whereby it pushes for incentivising low carbon emitting steelmaking, bring-in a mandatory procurement provision for such high-cost metal, among