Business

The Competition Commission of India (CCI) has approved Dalmia Bharat’s proposal to fully acquire the debt-laden Jaiprakash Associates Ltd (JAL), clearing a key hurdle in the latter’s ongoing insolvency process.The green light from the antitrust regulator allows Dalmia Cement (Bharat) Ltd, a wholly owned subsidiary of Dalmia Bharat Ltd, to submit its resolution plan for…

Tata Capital, the financial services arm of the Tata Group, has filed updated draft papers with Sebi for a mega initial public offering (IPO) estimated at $2 billion (Rs 17,200 crore), people familiar with the matter said. The IPO is expected to value the company at around $11 billion.According to the updated Draft Red Herring…

The US trade deficit shrank sharply in June to $60.2 billion, marking a 16% decline from the revised $71.7 billion recorded in May, according to data released Tuesday by the Department of Commerce. The unexpected contraction in the world’s largest economy’s trade gap was driven primarily by a steep drop in imports, as President Donald…

US President Donald Trump on Tuesday warned of a whopping 250% tariffs on the pharma industry one year, one-and-a-half years. “We’ll be putting (an) initially small tariff on pharmaceuticals, but in one year, one-and-a-half years, maximum, it’s going to go to 150 percent and then it’s going to go to 250 percent because we want…

The Road Transport and Highways Ministry has accelerated pending road projects, with the goal of finalising 50% by the end of March through expedited clearances, swifter land procurement, and timely central funding allocation, a senior official told ET.“The ministry has identified low-hanging projects along with issues resulting in delay of these projects and is moving…

Bharti Airtel reported a 43% year-on-year rise in consolidated net profit to Rs 5,947.9 crore for the April–June 2025 quarter, up from Rs 4,160 crore a year earlier, driven by robust growth in India revenue and higher average revenue per user (ARPU).The telecom major’s consolidated revenue from operations rose 28.4% to Rs 49,463 crore during…

Jane Street under scrutiny Tax authorities are conducting an investigation into Jane Street’s potential tax treaty violations, specifically examining if the firm routed profits through Singapore entities for its Indian market derivative trades, according to three informed sources, quoted by Reuters (anonymously).Income tax officials have been conducting searches at the American trading firm’s Indian offices…

US President Donald Trump and European Commission President Ursula von der Leyen (Photo: AP) In a major step towards easing trade tensions, the European Union announced on Tuesday that it will suspend its planned retaliatory tariffs on US goods worth 93 billion euros ($107 billion).The move follows a deal struck last month between US President…

The US Citizenship and Immigration Services (USCIS), introduced a significant update to its Policy Manual, specifically targeting marriage fraud in family-based immigrant visa petitions.The critical update to its Policy Manual titled ‘Family-Based Immigrants’, released August 1, is designed to ensure that only genuine relationships, particularly bona fide marriages, qualify for lawful permanent resident (green card)…

India is positioned to emerge as a more significant player in the global economy in the forthcoming decades, based on an analysis by Morgan Stanley. The analysis indicated that India’s increased credit-to-GDP ratio and expanding manufacturing sector will enhance its global economic influence.The nation’s growth trajectory is supported by several key factors, including sustained demographic…