Adani Enterprises Ltd (AEL), the flagship company of the Gautam Adani-led conglomerate, has announced a public issue of secured, rated, listed, redeemable non-convertible debentures (NCDs) worth up to Rs 1,000 crore, offering yields of up to 9.3% per annum.The NCD issue, which opens for subscription on July 9 and closes on July 22, marks AEL’s…
India’s largest trading partner since 2021-22 has been the United States. (AI image) India-US trade deal: Ahead of US President Donald Trump’s July 9 tariff deadline, India has drawn the red lines on a mini trade deal. According to Indian officials, the decision on the mini or interim trade deal now rests with America.Sources told…
ITR filing FY 2024-25: It is common for new filers to assume that ITR-1 applies to everyone with salary income. (AI image) ITR filing FY 2024-25: Filing an income tax return for the first time is an important financial milestone. While digital tools have made compliance more convenient, many first-time filers still fall into avoidable…
Foreign portfolio investors (FPIs) infused Rs 14,590 crore into Indian equities in June 2025, marking the third consecutive month of net inflows, supported by improved global liquidity, easing geopolitical tensions, and a rate cut by the Reserve Bank of India.However, the trend reversed in early July, with FPIs pulling out Rs 1,421 crore in the…
Borosil Renewables has moved to exit its German solar glass business, with its step-down subsidiary GMB Glasmanufaktur Brandenburg GmbH filing for insolvency, as the company shifts focus to the fast-growing Indian solar glass market.In a regulatory filing, Borosil said GMB has applied for the commencement of insolvency proceedings before the Insolvency Court in Cottbus, Germany,…
India is actively negotiating bilateral investment treaties (BITs) with more than a dozen countries, including Saudi Arabia, Qatar, Israel, Oman, the European Union, Switzerland, Russia, and Australia, a senior government official said.Talks are also underway with Tajikistan, Cambodia, Uruguay, Maldives, Switzerland, and Kuwait, with some treaties likely to be finalised and announced in the next…
India needs to clock an average nominal GDP growth of 10% annually to achieve the government’s goal of becoming a developed nation under the Viksit Bharat vision by 2047, newly-appointed CII president Rajiv Memani has said.Nominal GDP is the total value of goods and services produced in an economy measured at current market prices, without…
This is an AI-generated image, used for representational purposes only. India’s pharmaceutical sector is likely to record a steady 11 per cent year-on-year growth in both sales and EBITDA for the first quarter of FY26, supported by sustained market traction across geographies, a new report by Kotak Institutional Equities has said. However, the report warned…
Equity investors are gearing up for a potentially volatile week as the 90-day suspension period of US President Donald Trump’s reciprocal tariffs expires on July 9, raising uncertainty over India-US trade relations. Market experts believe that the outcome of the trade negotiations will be a key trigger, especially for sectors like IT, pharma, and auto…
Union minister Nitin Gadkari unveils futuristic roadmap Union minister Nitin Gadkari has outlined a bold vision to transform India’s transport landscape, with a focus on electric rapid mass transport, hyperloop corridors in urban centres, and ropeway and cable-car connectivity in remote regions. In an interview with news agency PTI, Gadkari said the government is working…
