CCI approves acquisition of Advent 1
Fair trade regulator CCI on Tuesday approved Advent International’s proposal to acquire 14.3 per cent stake in Aditya Birla Housing Finance Ltd. The development comes after the boards of Aditya Birla Capital and Aditya Birla Housing Finance approved a proposal for primary capital investment of ₹2,750 crore in ABHFL in February 2026 from Indriya Limited,…
No plan to curb su
Food Secretary Sanjeev Chopra on Tuesday said India, the world’s second largest sugar producer, has no plans to ban sugar exports. Consumption of sugar and edible oils is falling in India, the world’s largest market, as a shortage of commercial gas cylinders has forced restaurants to scale down operations during the summer holiday season. Lower…
Basel III Framework Faces Revo
New trading rules in the US and Europe are facing delays and amendments as regulators relax requirements amid industry pushback and competitiveness concerns. The final phase of the Basel III framework is being reworked after significant industry and regulatory opposition. Both sides of the Atlantic are now investigating the Fundamental Review of the Trading Book…
Air India CEO Campbell Wilson
Air India CEO Campbell Wilson has resigned as the airline grapples with persistent losses and increased regulatory scrutiny following a crash last year that killed 260 people, Indian newspaper Mint reports. The report of the leadership change comes as the airline grapples with delivery delays and persistent losses. Regulators have also reprimanded the airline for…
DMart Q4 growth at stores is strong
But profitability may be low due to high operating costs and high general merchandise and apparel costs. The return on capital employed (ROCE) from investment in new stores has also declined. Gross profit margin has been in the range of 14-14.5 per cent during FY21-FY25. But gross margins may now be under pressure, and that…
Possibility of salary increase in Indian industry
According to the “Deloitte India Talent Outlook 2026” report released by Deloitte on Monday, the average salary growth across Indian industries is expected to remain largely stable at 9.1 per cent in 2026, marginally higher than the 9 per cent growth recorded in 2025. The survey, conducted between January and February 2026, collected responses from…
SAIL’s Rourkela plant’s post again
Rourkela Steel Plant (RSP), a unit of Maharatna company Steel Authority of India Limited (SAIL), has recorded its best ever performance in 2025-26, achieving record production across key production units and setting new benchmarks in techno-economic efficiency. Sources said the plant has recorded its highest ever performance in blast furnace operations in April-March, with both…
MagicPin deepens its reach internationally
According to the company, Vera acts as an AI co-pilot for merchants, enabling them to set up and manage their online presence from end to end, while also addressing the need for multiple marketing tools. Anshu Sharma, CEO and Co-Founder, MagicPin, said, “MagicPin’s mission has always been to bring small neighborhood retailers online at scale….
Britain woos Anthropic for EXPA
Britain is trying to lure Anthropic to expand its presence in the country as it looks to take advantage of the battle between the maker of artificial intelligence app Cloud and the US Defense Department. financial Times Said on Sunday. The British government’s proposals for Anthropic range from office expansion in London to a dual…
There is no shortage of LPG, don’t panic.
Delhi Chief Minister Rekha Gupta. (File photo: PTI) read 1 minute Last update: April 04 2026 | 9:43 pm First Chief Minister Rekha Gupta on Saturday said there is no shortage of domestic or commercial LPG in the national capital and urged Delhiites to “not panic”. He called upon people not to crowd at gas…
