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New Delhi, Apr 3 (PTI) The Reserve Bank of India (RBI) has accorded approval to Dubai-based Emirates NBD Bank to acquire up to a 74 per cent stake in RBL Bank, paving the way for the bank to become a foreign lender. The approval from RBI came on April 1 with one year validity, RBL Bank said in a regulatory filing on Thursday. The approval follows Emirates NBD Bank, the second largest in UAE, expressing its interest in October 2025 to acquire a majority 60 per cent stake in RBL Bank for Rs 26,8 ...Read More >
New Delhi, Dec 1 (PTI) Tilaknagar Industries Ltd on Monday said it has completed the acquisition of Imperial Blue business division from Pernod Ricard India (PRI), a step-down unit of the French spirits major, via a slump sale for a lump sum consideration of Rs 3,442 crore. The lump sum consideration paid to PRI is subject to post-closing adjustments in accordance with the terms and conditions set out in the Business Transfer Agreement, according to a statement issued by Tilaknagar Industries L ...Read More >
Mumbai, Nov 19 (PTI) The rupee closed 2 paise higher at 88.58 (provisional) against the US dollar on Wednesday, aided by buying momentum in domestic equity markets and lower crude oil prices overseas. Forex traders said a strong American currency and outflow of foreign capital prevented a sharp gain in the rupee even as investors were concerned about the progress on the proposed India-US trade deal. At the interbank foreign exchange market, the rupee opened at 88.57 and hit an intra-day high o ...Read More >
NEW DELHI: Indian Prime Minister Narendra Modi may be a no-show at the Oct 26-28 Asean summit, but progress in the review of the Asean-India Trade in Goods Agreement could lead to a much-needed boost in trade after negotiations hit a rough patch earlier in 2025. External Affairs Minister S. Jaishankar will represent India at the East Asia Summit in Kuala Lumpur, while Modi is on the campaign trail in Bihar state ahead of elections. But the Prime Minister, underlining the importance attached to ...Read More >
India-US Trade Deal: Commerce and Industry Minister Piyush Goyal, in a strong message to US, said on Friday India does not do trade agreements in hurry or with a "gun to our head". He said India is actively negotiating trade pacts with countries and regions, including the European Union (EU) and the US. Notably, India and the US have been negotiating a trade deal, amid US President Donald Trump's continues warnings and tariff wars. He imposed 50 per cent tariff on India for buying Russian oil. ...Read More >
New Delhi [India], September 16 (ANI): Any progress on the India-US trade deal front largely hinges on Washington rolling back the Russian oil-linked additional 25 per cent duty on India, and no breakthrough is likely without it, India-based trade-focused think tank Global Trade Research Initiative (GTRI) has argued as both countries started talks on Tuesday. "Negotiations will remain slow unless Washington signals genuine flexibility," the GTRI report argued. It believes that there is no quic ...Read More >
New Delhi [India], September 16 (ANI): Assistant US Trade Representative for South and Central Asia Brendan Lynch on Tuesday arrived at the Ministry of Commerce and Industry at Vanijya Bhawan in the national capital. The Lynch-led US team is in India to resume discussions with India's chief negotiator and Special Secretary in the Department of Commerce, Rajesh Agrawal, and other Indian officials on the bilateral trade agreement. Also Read | UCL 2025-26: Mikel Arteta Urges Arsenal To Rewrite UE ...Read More >
New Delhi [India], September 16 (ANI): Assistant US Trade Representative for South and Central Asia Brendan Lynch on Tuesday arrived at the Ministry of Commerce and Industry at Vanijya Bhawan in the national capital. The Lynch-led US team is in India to resume discussions with India's chief negotiator and Special Secretary in the Department of Commerce, Rajesh Agrawal, and other Indian officials on the bilateral trade agreement. Earlier, the trade talks schedule to be held between August 25 to ...Read More >
New Delhi: Fair trade regulator CCI has "erroneously" defined the relevant market and has not identified any actual conduct by Meta, which has or would have denied market access to rivals, Meta Platforms told NCLAT on Monday. Senior Advocate Amit Sibal, appearing for Meta, submitted that the Competition Commission of India (CCI )'s entire case is based on future conduct and hypothetical scenarios. "This falls woefully short of the legal standard in Section 4(2)(c), which requires that for a fin ...Read More >
Coffee Island Makes a Bold Entry into Maharashtra with Dual Launch at Pune Coffee Island, Amanora Mall 5 min read Last Updated : Sep 12 2025 | 4:15 PM IST PRNewswire Pune (Maharashtra) [India], September 12: Coffee Island, in partnership with Vita Nova, announces its entry into Maharashtra with the launch of two cafes in Pune, at Amanora Mall and Tribeca Highstreet. With this milestone, the brand strengthens its presence in India and brings its distinctive European Coffee Culture experience ...Read More >
Jaipur, Aug 28 (PTI) The Rajasthan High Court on Thursday cancelled the contentious police sub-inspector recruitment exam-2021 owing to paper leak. Justice Sameer Jain in a detailed judgment cancelled the exam 2021 which was the bone of contention for both BJP and Congress governments in the state. "Illegality and fraud on the system was so conspicuous. It is strange that the state government did not take action any decision on the subject. The court's decision hopefully will act as a deterren ...Read More >
New Delhi: Wilmar International, through its arm Lence Pte, has sought approval from the fair trade regulator CCI to acquire a 20 per cent stake in AWL Agri Business Ltd from the Gautam Adani-led Adani group.The move came after Adani Group last month announced that it had sold a 20 per cent stake in AWL Agri Business (formerly Adani Wilmar Ltd) to Singapore-based Wilmar International for Rs 7,150 crore, as part of its decision to exit the FMCG business and focus on its infrastructure vertical. ...Read More >
New Delhi: The Competition Commission of India (CCI) has directed Aditya Birla Group company UltraTech, owner of southern India-based India Cements, along with Dalmia Cement (Bharat) Limited (DCBL) and Shree Digvijay Cement and their executives to submit audited financial statements, including balance sheet and profit and loss account, within eight weeks of the order. The competition watchdog's direction came over a complaint filed by ONGC alleging cartelisation in its tenders. Following the co ...Read More >
New Delhi, July 5: The country's leading cement maker UltraTec, on Saturday said it is not under investigation by the fair trade regulator CCI over alleged contravention of competition norms in tenders floated by state-run oil major ONGC. "It is clarified that the Company is not under investigation in this Case No. 35 of 2020 before the Competition Commission of India ("CCI"). The company has neither received any order from the CCI in this case nor have the company's financials been sought by th ...Read More >
New Delhi, Jul 2 (PTI) Shares of Asian Paints declined by nearly 2 per cent on Wednesday morning trade after the Competition Commission of India (CCI) ordered an investigation against the firm for allegedly abusing its dominant position in the market for manufacturing and sale of decorative paints. The direction follows a complaint filed by Grasim Industries (Birla Paints Division), which accused Asian Paints of engaging in exclusionary practices aimed at stifling its entry and growth in the In ...Read More >
New Delhi, Jul 1 (PTI) The Competition Commission of India (CCI) on Tuesday ordered an investigation against Asian Paints for allegedly abusing its dominant position in the market for manufacturing and sale of decorative paints. The direction follows a complaint filed by Grasim Industries (Birla Paints Division), which allegedly accused Asian Paints of engaging in exclusionary practices aimed at stifling its entry and growth in the Indian decorative paints segment. "The Commission is of the op ...Read More >
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