Economic Development
4 min read
97

Takeover tussle intensifies: Florida investor Danny Gaekwad ups the ante with 55% stake bid for Religare

January 26, 2025
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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

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Economic Development
3 min read
142

Budget 2025: Insurance industry awaits big push with GST waiver on health cover, annuity plans

January 26, 2025
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Insurance industry is awaiting a big push in the upcoming Union Budget 2025-26 by way of waiver of GST on premiums of health insurance and annuity plans, a separate tax deduction for term insurance and life insurance premium under the new tax regime. There has also been expectation of removal of the

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Economic Development
3 min read
96

L&T academy churns out tunnelling workforce 

January 26, 2025
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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

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Economic Development
4 min read
122

Budget 2025: Mutual funds industry calls for tax breaks on debt schemes

January 26, 2025
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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

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Economic Development
2 min read
81

PM Suryaghar, PM Kusum beneficiaries ambassadors of India’s RE journey: MNRE

January 26, 2025
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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

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Economic Development
4 min read
110

Past retirees of NPS can also opt for Unified Pension Scheme

January 26, 2025
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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

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Economic Development
2 min read
94

Axis Capital predicts EV penetration to surge in 3 years

January 26, 2025
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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

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Economic Development
4 min read
102

Two-wheelers not luxury, tax cut needed to spur demand: Honda Motorcycle and Scooter India

January 26, 2025
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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

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Economic Development
4 min read
89

How Budget 2025 can empower India’s agro-chemical sector and farmers

January 26, 2025
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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

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Economic Development
4 min read
119

Agtech emerging as a catalyst: Seeding India’s agricultural future

January 26, 2025
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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

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