Takeover tussle intensifies: Florida investor Danny Gaekwad ups the ante with 55% stake bid for Religare
Florida-based businessman Danny Gaekwad announced on Sunday that, if permitted by SEBI, he would be willing to acquire a controlling stake in Religare Enterprises Ltd (REL) by launching a competing open offer for 55 per cent of the company’s outstanding share capital. This marks a significant shift from his earlier
Kerala readies for a logistics boom
Kerala’s logistics sector is on the threshold of a major expansion with domestic and overseas firms evincing interest in setting up parks and warehousing facilities in Kochi and its suburbs, promising to turn the city into a logistics hub for south India. The interested firms include the US-based Panattoni for
L&T academy churns out tunnelling workforce
At Larsen & Toubro’s Tunnelling Excellence Academy (TEA) in Kancheepuram, Sekar (name changed), wearing goggles and a helmet, keenly observes his instructor describing the working of the massive tunnel boring machines (TBMs) used to drill underground metro rail corridors. He and the other trainees at the academy will soon join
PM Suryaghar, PM Kusum beneficiaries ambassadors of India’s RE journey: MNRE
The Minister of New & Renewable Energy (MNRE) Pralhad Joshi on Saturday interacted with beneficiaries of PH Suryaghar and PM Kusum, exhorting them to become brand ambassadors of India’s renewable energy (RE) journey. The Minister met with 750 such special guests of the Ministry, who were invitees to the Republic Day
Past retirees of NPS can also opt for Unified Pension Scheme
A National Pension System (NPS) Government Employee, who retires on or before March 31, 2025 can opt for Unified Pensions Scheme (UPS). said Finance Ministry in a notification dated January 24. UPS is to be operationalised from April 1, 2025. The scheme will not be available for employees who were
Axis Capital predicts EV penetration to surge in 3 years
The electric vehicle (EV) penetration will increase in the next three years due to the introduction of more reliable models at competitive price points and the possible growth of the charging network, according to the Axis Capital report. “We believe the launch of more credible models at attractive price points
Import monitoring intensified, exploring countervailing and anti-dumping duties: HD Kumaraswamy
India’s steel ministry has intensified monitoring of imports while there are talks of imposing countervailing and anti-dumping duties where necessary to protect domestic industry from Chinese offloading of the metal, including shipments routed through other FTA countries, HD Kumaraswamy, Union Minister for Steel and Heavy Industries told businessline. Donald Trump’s
Agtech emerging as a catalyst: Seeding India’s agricultural future
The face of Indian agriculture is changing. Beyond the traditional image of farmers toiling in the fields, a technological revolution is taking root. Agritech is transforming the sector, which employs 158 million people and contributes 18.3 per cent to India’s GDP (2022-23), offering new solutions to ensure food security for
CCPA imposes penalty on Vision IAS for misleading ad claim
The Central Consumer Protection Authority (CCPA) has imposed penalty of ₹3 lakh on Vision IAS for misleading ad claim regarding result of UPSC CSE 2020, as part of a wider crackdown. In an official statement, it said that the decision was taken to protect rights of consumers and ensure that
Posthumous Padma awards conferred on Osamu Suzuki, Bibek Debroy, Sushil Kumar Modi
On the eve of the country’s 76th Republic Day, the Centre announced the list of recipients for the Padma Awards 2025 comprising 7 Padma Vibhushan, 19 Padma Bhushan and 113 Padma Shri Awards. Padma Vibhushan awardees include Late Osamu Suzuki, former Chairman of Suzuki Motor Corporation; Duvvur Nageshwar Reddy from