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
DGCA move likely to spark interest in air taxi pilot training
Aspiring air taxi pilots in India may soon begin their training as the Directorate General of Civil Aviation (DGCA) is set to unveil licensing guidelines for electric vertical take-off and landing (eVTOL) aircraft, a senior official told businessline. In aviation parlance, advanced air mobility vehicles, or air taxis, refer to a
Budget 2025: Mutual funds industry calls for tax breaks on debt schemes
Ahead of Union budget, the $800 billion mutual funds industry has urged the government to introduce a more favourable dispensation of taxation for debt mutual funds in India. This is a must if investors have to make right asset allocation and a proper retirement security is to be created for
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
Two-wheelers not luxury, tax cut needed to spur demand: Honda Motorcycle and Scooter India
Two-wheelers are a necessity and not luxury in the current Indian context and taxes on these vehicles must be reduced as the industry is staring at a single-digit growth next fiscal with affordability becoming an issue, according to a senior executive of Honda Motorcycle and Scooter India. There is also
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
How Budget 2025 can empower India’s agro-chemical sector and farmers
With India making rapid strides on many fronts under the leadership of Prime Minister Narendra Modi, the agriculture sector is gaining greater significance, as has been evident from the past few Budgets. This progress, and the fact that this is the first full Budget of Modi 3.0, has heightened anticipation
Will take action to protect Indian steel industry from dumping; Engaging with Europe for fair trading environment : HD Kumaraswamy
India could explore policy measures such as anti-dumping duties, safeguard measures apart from stricter quality control measures to curb rising imports, says HD Kumaraswamy, the Union Minister for Steel and Heavy Industries. Speeding up PLI investments towards driving speciality steel-making, tapping into new export markets to counter trade barriers being
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