BENGALURU: Azim Premji Trust sold 20.23 crore shares worth Rs 5,057 crore in a block deal on Monday, NSE data showed. The block deal averaged Rs 250 per share, with Azim Premji Trust selling shares to Hasham Traders, Prazim Traders, and Prazim Trading and Investment Company. These shares, equal to a 1.9% stake, were transferred…
NEW DELHI: Govt and the Insolvency & Bankruptcy Board of India have discussed a proposal for a sharp increase in the number of benches of the National Company Law Tribunal from 63 to 80-85. They are also considering adding 150-200 “special benches” for four to five years to deal with the backlog in insolvency cases.The…
After three years of double-digit growth, India’s hospitality sector is expected to settle into a steadier pace, with revenue projected to rise by 6-8% in FY2026, a report by the Investment Information and Credit Rating Agency (ICRA) said. The agency has also revised its outlook for the sector from ‘Positive’ to ‘Stable.’Pan-India occupancy in premium…
Gadkari explained that the improved road network developed by the government has decreased logistics expenses in India. (AI image) India’s road infrastructure would rival that of America within two years, Union Minister Nitin Gadkari said on Monday. Highlighting Modi government’s increased investment in roads and highways during the past decade, Gadkari said that projects are…
The much-awaited free trade agreement between India and the four-nation European bloc EFTA is expected to come into force by September this year, commerce and industry minister Piyush Goyal announced on Monday.The trade and economic partnership agreement (TEPA), signed on 10 March 2024, marks a significant milestone in India’s trade diplomacy. Under the deal, India…
India’s life insurance sector kicked off the financial year 2025-26 on a strong note, with a 10.8% jump in new business premium collections during the April-May period, according to data released by the Life Insurance Council on Monday. New business premiums climbed to Rs 52,427 crore in the first two months of the fiscal, up…
Pakistan FM said that GDP growth increased from -0.2pc in 2023 to 2.5pc in 2024. (AI image) Pakistan’s total debt has risen to PRs 76,000 billion during the initial nine months of the present fiscal year, as revealed in its economic survey. The report indicates that the financially constrained nation is expected to achieve a…
Top US and Chinese officials met in London on Monday in fresh efforts to stabilise the fragile pause in their trade fight, which has shaken global markets. The Chinese delegation, led by vice premier He Lifeng and commerce minister Wang Wentao, met with US commerce secretary Howard Lutnick, treasury secretary Scott Bessent and trade representative…
BEML Limited has signed three licensing agreements with the Defence Research and Development Organisation’s vehicles research and development establishment (VRDE) to manufacture critical support and mobility systems for the army’s armoured corps, the state-run company said on Monday. Under the deal, Bharat Earth Movers Limited will indigenously produce the unit maintenance vehicle (UMV) and unit…
Cosmetics maker L’Oreal agreed to acquire a majority stake in British skincare brand Medik8, in a strategic move to strengthen its presence in the booming skincare market. The French beauty giant announced the deal on Monday, though financial terms were not disclosed.The transaction, which sees UK-based private equity firm Inflexion selling its majority holding, reportedly…
