December 7, 2025
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The Securities and Exchange Board of India (SEBI) has granted in-principle approval to register Raajmarg Infra Investment Trust (RIIT) as a Public InvIT, marking a key step for the National Highways Authority of India (NHAI). A public InvIT works similarly to a mutual fund, allowing individuals and institutions to invest in revenue-generating infrastructure assets such Continue Reading
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Finance Minister Nirmala Sitharaman has addressed concerns over the Indian rupee hitting a record low against the U.S. dollar, stating that the currency will naturally “find its own level.” Speaking at the Hindustan Times Leadership Summit (HTLS) 2025, she emphasized that the rupee’s valuation should be viewed through economic fundamentals rather than political Continue Reading
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Cochin Shipyard Limited (CSL) has signed a shipbuilding contract with Denmark-based Svitzer to develop advanced fully electric towing vessels. The Miniratna PSU said the order is classified as “significant”, falling in the value range of ₹250 crore to ₹500 crore. The project marks a boost for India’s green maritime capabilities. Under the contract, CSL will […]Continue Reading
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Indian biopharmaceutical major Biocon announced on Saturday that it will fully integrate its biosimilar arm, Biocon Biologics, making it a wholly owned subsidiary. The company will acquire remaining stakes from Serum Institute Life Sciences, Tata Capital Growth Fund II, and Activ Pine LLP through a share swap of 70.28 Biocon shares for every 100 Biocon […]Continue Reading
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The Government of India has launched a high-level inquiry into widespread cancellations and delays affecting IndiGo flights across the country. The probe will investigate operational lapses, crew scheduling issues, and Flight Duty Time Limit (FDTL) compliance, ensuring accountability and preventive measures. Civil Aviation Minister Ram Mohan Naidu Kinjarapu said the Continue Reading
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Russia’s President Vladimir Putin and India’s Prime Minister Narendra Modi on Friday reaffirmed their commitment to expanding and diversifying bilateral trade beyond oil and defence, even as Western nations urge New Delhi to scale back its long-standing ties with Moscow. Modi hailed the India–Russia partnership as a “guiding star” built on mutual trust, adding that […]Continue Reading
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Indian e-commerce major Meesho (MEES.NS) has emerged as one of the most sought-after public issues in the country, receiving bids worth about ₹2.5 trillion ($27.79 billion) for its $604 million IPO. The offering, which closed on Friday, saw overwhelming participation from qualified institutional buyers, who placed bids worth nearly ₹2 trillion, oversubscribing their quota Continue Reading
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India’s Fino Payments Bank has received “in-principle” approval from the Reserve Bank of India (RBI) to transition into a small finance bank, the central bank announced on Friday. The move marks a major milestone for the bank, currently operating under the restricted framework of a payments bank. With the upgrade, Fino Payments Bank will be […]Continue Reading
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The Reliance Anil Ambani Group’s financial troubles have intensified, with the Enforcement Directorate confirming that attached assets across group companies have now reached ₹10,117 crore. These attachments, carried out over multiple years, are linked to probes into alleged fund diversion, loan defaults and regulatory violations, revealing a growing pressure on the Continue Reading
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