An estimated investment of $2.2 trillion into infrastructure development is imperative to support India’s GDP size to expand to $7 trillion by 2030, according to a report on Thursday.
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Former Finance Commission Chairman Arvind Panagariya advocated for India to remain open to Chinese investments, except in sensitive sectors, mirroring the approach of countries like the US and Germany. He also emphasized the importance of expanding India’s Free Trade Agreements…
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Coffee Day Enterprises Limited settled a regulatory case with the Securities and Exchange Board of India (SEBI) for ₹752,400 over alleged violations of listing obligations and disclosure requirements. SEBI initiated proceedings after a show cause notice in October 2023.
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The administrative warning letter dated December 9, 2024, was received by the bank on December 11, it said.
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India’s steel industry’s capacity utilization is projected to fall below 80% in 2024-25 due to rising cheap imports, impacting domestic producers’ market share. This decline follows three years of high utilization, robust investments, and manageable debt levels.
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The demand pertains to unpaid tax dues for the period October 29, 2019 to March 31, 2022 and includes a tax demand of INR 401.7 crore, and a penalty and interest component of a similar amount.
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