Fitch Ratings has trimmed its GDP growth forecast for India, reflecting growing concerns over the global economic outlook. The FY25 GDP forecast has been cut by 10 basis points to 6.20%, while the FY26 projection now stands at 6.40%, also 10 basis points lower than previously estimated. For FY27, Fitch expects India’s GDP to grow …
The startups in India are witnessing astonishing growth as the Angel Investors, VC, and PE are growing investment in the Indian startups. Recently, OfBusiness, an industrial goods and services procurement platform, has raised ₹100 crore (approximately $11.7 million) in a fresh funding round led by Cornerstone Ventures. OfBusiness IPO in 2H 2025 Interestingly, the company is …
During Q1FY25, Mergers and acquisitions (M&A) along with private equity (PE) investments in India’s consumer and retail sector has reached its three-year high to ~$4 billion, according to Grant Thornton Bharat’s latest quarterly deal tracker. Major Transactions in Q12025 Leading the activity were 2 major transactions: Singapore-based PE firm Temasek invested $1 billion for a …
India is considering the removal of import duties on US ethane and liquefied petroleum gas (LPG) as part of its broader trade negotiations with the United States, as per Reuters news report citing sources. This decision aligns with New Delhi’s aim to reduce its trade surplus and contribute to the bilateral target of achieving …
ArcelorMittal Nippon Steel (AM/NS) India has announced a ₹60,000 crore Phase-I investment plan focused on expanding steel capacity, increasing renewable energy usage, and setting up additional scrap processing facilities. The initiative is intended to align with the green steel taxonomy introduced by the Indian government in December 2024. Capacity and Infrastructure Plans AM/NS will expand …
The Ministry of Corporate Affairs (MCA) has once again extended the application deadline for the Prime Minister Internship Scheme (PMIS) 2025. The last date to apply is now April 22, 2025. This follows earlier extensions, from the original closing date of March 12, it was moved to March 31, then April 15, and now further …
HDFC Mutual Fund has announced an income distribution of ₹0.50 per unit under the IDCW option (both regular and direct plans) of its HDFC Arbitrage Fund – Wholesale Plan. The record date for this payout is set for April 17, 2025. Fund Basics The HDFC Arbitrage Fund – Wholesale Plan is an open-ended scheme, launched …
As of February 2025, the Reserve Bank of India (RBI) holds a total of 879 tonnes of gold, valued at approximately $97 billion. This valuation is based on the current market price of $3,300 per troy ounce—a historic high. The RBI’s aggressive accumulation of gold in recent years signals a strategic shift in reserve management. …
Redevelopment in Mumbai’s dense urban zones often runs into regulatory roadblocks, especially near aviation-sensitive areas like airports. In a significant step to address such issues, the Maharashtra Government’s Urban Development Department (UDD) has introduced key changes to promote redevelopment of old buildings located within the Mumbai Airport’s funnel zone, which includes neighbourhoods like Santacruz, Vile …
In an era where digital transactions are rapidly becoming the norm, the Indian Income Tax Department has significantly tightened its watch over high-value cash dealings. Even a small oversight in accepting or paying cash beyond permissible limits could trigger a tax notice or penalty. One of the key legal provisions regulating such transactions is Section …
