Sebi has halted Par Drugs and Chemicals’ proposed slump sale of its core business to Phal-Jig Fine Chemicals, a promoter-related entity, due to concerns over valuation irregularities and shareholder communication. The regulator has ordered a re-examination of the business undertaking’s…
Read More
Canara HSBC Life Insurance has received Sebi’s approval for its IPO, paving the way for the sale of up to 23.75 crore shares by Canara Bank, HSBC Insurance, and Punjab National Bank. The company, a prominent bank-led private player, boasts…
Read More
The recent GST overhaul, which reduces vehicle prices by 3-9 per cent across categories, is likely to accelerate the automobile sector’s growth rate to 4-14 per cent compounded annual growth rate (CAGR) till FY28, a report said on Monday.
Read More
Mercedes-Benz India is considering a price hike early next year to counter the rupee’s depreciation against the euro, despite having already increased prices by 3.5-4% this year. MD and CEO Santosh Iyer indicated that further price adjustments are likely as…
Read More
Following the resignation of independent director Anil Kumar Chaudhary, who cited corporate governance concerns, KRBL Ltd’s board has initiated an independent review. Chaudhary’s resignation highlighted issues such as inconsistencies in meeting minutes and misuse of CSR funds. The company will…
Read More
The unemployment rate (UR) among males of age 15 years and above in India has declined to 5 per cent in August 2025, the lowest level observed since April 2025, according to figures released by the National Statistics Office on…
Read More