Economic Development
4 min read
56

Specially-designed Vande Bharat train completes trial run in Jammu and Kashmir

January 25, 2025
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Years of hard work and dedication, and some engineering marvels later, the dream of Kashmir’s rail connectivity finally came true as a specially-designed Vande Bharat Express train arrived here on Saturday, completing its trial run. The train, on its maiden trial run, arrived at the Srinagar station in the Nowgam

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Economic Development
3 min read
75

TPG Scion acquires stake in SCHOTT Poonawalla, seeks CCI approval for strategic pharma packaging deal

January 25, 2025
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Global investment giant TPG Group is set to expand its footprint in India’s pharmaceutical packaging industry with its affiliate, TPG Scion SG Pte Ltd, acquiring a stake in SCHOTT Poonawalla Private Limited (SPPL).  The deal, which involves a secondary share purchase from Serum Institute of India Pvt Ltd, is currently

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Economic Development
3 min read
103

Trump administration’s policies may drive shift in Indian students’ higher education choices

January 24, 2025
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The Trump administration’s policies on citizenship, stricter immigration, and visa rules may influence the preferences of Indian students pursuing higher education in the United States, according to industry players. Indian students represent the largest international student community in the US, with 3,31,602 enrolled during the 2023-24 academic year. However, industry

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Economic Development
2 min read
54

Trump’s tariff woes: India ready to ‘talk it out’

January 24, 2025
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India has indicated its willingness to sort out tariff woes of the Donald Trump-led regime in the US through “constructive dialogue”.  “The new US government has come in recently. Whatever trade issues are there we will talk it out, we will discuss…And we want to further enhance and expand our

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Economic Development
3 min read
85

India-Mauritius DTAA: Supreme Court stays Delhi High Court ruling on Tiger Global

January 24, 2025
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Supreme Court on Friday stayed a decision by the Delhi High Court in the matter of Tiger Global with reference to India-Mauritius Double Taxation Avoidance Agreement (DTAA). Experts feel this could bring uncertainty for foreign investors. A division bench of Justices J B Pardiwala and R Mahadevan said that the

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Economic Development
2 min read
79

AMG Green Power and ORIX seek CCI nod for stake realignment in Greenko Energy

January 24, 2025
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In a significant development for the renewable energy sector, AMG Green Power B.V. (AMG Power) and ORIX Corporation (ORIX) have approached the Competition Commission of India (CCI) for approval of a proposed transaction involving Greenko Energy Holdings (GEH) and AM Green (Luxembourg) S.À.R.L. (AMG Lux).  The transaction aims to realign

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Economic Development
2 min read
72

CTC prices at Kochi auctions gain on blenders’ demand

January 24, 2025
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A strong demand from blenders pushed up CTC dust prices at Kochi tea auctions with a ₹2 increase in average price realisation this week. All blenders together absorbed 59 per cent of the 6,52,759 kg of CTC in sale 4, witnessing a strong demand. The market was steady to firm

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Economic Development
3 min read
57

SC rejects PIL seeking to scrap TDS system, calls it ‘badly drafted’

January 24, 2025
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The Supreme Court on Friday refused to entertain a PIL seeking to declare that the Tax Deducted at Source (TDS) system is “manifestly arbitrary, irrational and violative of various fundamental rights”. A bench of Chief Justice of India Sanjiv Khanna and Justice Sanjay Kumar declined the plea filed by advocate

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Economic Development
2 min read
77

Salam Kisan signs pact with Maharashtra government and Microsoft at World Economic Forum 

January 24, 2025
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Salam Kisan (PRYM Solutions) has signed a memorandum of understanding (MoU) with the Maharashtra government and Microsoft to democratise agricultural drone technology. A media statement said this MoU, which was signed at the World Economic Forum 2025, directly addresses the accessibility and affordability barriers that smallholder farmers face in India.

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Economic Development
3 min read
67

India’s Jan business growth at 14-month low due to weaker services demand, PMI shows, ETCFO

January 24, 2025
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By Anant Chandak BENGALURU – India’s business activity grew at the slowest pace in over a year in January, a survey showed, highlighting emerging cracks in its world-beating economic growth at start of 2025 although firms hired new staff at a record pace. The services industry is the major engine

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