Jain Resource Recycling• Board approves acquisition of 25% stake in Abraj Al Khaleej (Kuwait). Sambhv Steel Tubes• Company and its arm sign MoU with Ministry of Steel under the PLI scheme for specialty steel. Ambuja Cements• NCLT sanctions Scheme of Arrangement between Sanghi Industries and the company. Garden…
India and Malaysia have agreed to collaborate on linking their domestic payment systems to enable faster and more affordable cross-border transactions, marking a significant step in deepening digital and financial ties between the two countries. The proposed linkage will be developed through cooperation between NPCI International, the international…
The Adani Group has announced plans to invest around ₹70,000 crore in Maharashtra’s Vidarbha region, focusing on energy, logistics and airport-linked infrastructure, according to media reports. The proposed investments are aimed at boosting industrial capacity, strengthening power reliability and improving logistics efficiency across the region. Major Push in…
The United States has withdrawn the additional 25% tariff imposed on select Indian goods that had been linked to India’s purchases of Russian crude oil. The move was formalised through an executive order and came into effect on February 7, 2026. With the rollback of the extra levy,…
The Securities and Exchange Board of India (SEBI) has directed Alternative Investment Funds (AIFs) to report the net asset value (NAV) of their units to depositories by May 1, 2026. The requirement was announced through a circular issued on February 6, 2026, and aims to enhance transparency and…
German engineering exports to India are projected to accelerate in 2026, with industry estimates pointing to growth of 10–15%, driven by closer bilateral ties and progress toward a strengthened Free Trade Agreement (FTA) between India and the European Union. According to VDMA India, the Indian arm of the…
The Department of Science and Technology (DST) has launched new initiatives to strengthen cooperation between India and the Netherlands in the field of green hydrogen, reinforcing the two countries’ shared commitment to clean energy research and capacity building. India–Netherlands Hydrogen Fellowship Programme Launched As part of this expanded…
Reliance Consumer Products Limited (RCPL) has acquired a controlling stake in Sydney-based Goodness Group Global, marking its entry into the Australian consumer goods market and further strengthening its international footprint. The acquisition expands RCPL’s presence beyond its existing overseas operations in markets such as the UAE, Qatar, Oman,…
State-owned power sector lender Power Finance Corporation (PFC) has approved an in-principle merger with its subsidiary REC Ltd, marking a key step in the government’s plan to restructure public-sector non-banking financial companies (NBFCs) to improve scale, efficiency and credit delivery. Board Approval and Merger Framework PFC said its…
The government has confirmed that it has received financial bids for the strategic disinvestment of IDBI Bank, bringing renewed focus to the long-pending privatisation process that has faced delays for over three years. The proposed transaction involves the sale of a combined 60.72% stake in IDBI Bank by…