TPG Scion acquires stake in SCHOTT Poonawalla, seeks CCI approval for strategic pharma packaging deal
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
Policymakers must tune more into States, says Finance Commission Chief Panagariya
India’s policymakers and thinktanks should focus on studying the States a lot more, Arvind Panagariya, Chairman of 16th Finance Commission suggested on Friday He was speaking at a launch event of first ever ‘Fiscal Health Index 2025’ report prepared by NITI Aayog. “Even though one, including the media, tends to
IndiGo profit slips 18 pc to ₹2,448 crore over forex loss
InterGlobe Aviation, which operates IndiGo, saw an 18.3 per cent decline in net profit in third quarter FY25 to ₹2,448 crore on a year on year basis as rupee depreciation offset the gains of strong passenger demand and revenue growth. While revenue from operations grew 13.7 per cent to ₹22,110
Govt employees clock fewer hours than corporate workers: EAC-PM Report
Amidst debate on working hours, a working paper from Economic Advisory Council to the Prime Minister (EAC-PM) has said that government employees work much less than corporate employees. The paper has been prepared by Shamika Ravi, member of the EAC-PM. She has used time-use data (published in 2019) in the
Indian govt may announce special fund for oilseeds purchase in Budget
The Government is considering the creation of an oilseed buffer corpus like the pulses buffer. This development comes even as the purchase of oilseeds is allowed by the Centre at the minimum support price (MSP) after the approval of the Agriculture Ministry. A separate fund may help States undertake oilseeds
IBC cases slow down as banks reconsider recovery approach
The Insolvency and Bankruptcy Code (IBC), once hailed as a transformative resolution mechanism, is witnessing a slowdown in case admissions, with banks showing reluctance to tap this channel for recoveries. While the IBC remains the dominant tool for resolving distressed debts, delays in case admissions and diminishing recovery percentages are
Water level in India’s major reservoirs down on below-normal rainfall
The water level in the 155 major reservoirs in the country declined for the 12th week in a row this week with the storage in Punjab’s lone dam dropping below 20 per cent of the capacity, data from the Central Water Commission showed. The storage has declined as a major
India-Mauritius DTAA: Supreme Court stays Delhi High Court ruling on Tiger Global
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
SC rejects PIL seeking to scrap TDS system, calls it ‘badly drafted’
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
India’s Jan business growth at 14-month low due to weaker services demand, PMI shows, ETCFO
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