Pal was taken into custody on Friday night under the Prevention of Money Laundering Act (PMLA) following a round of questioning by the agency. He is expected to be produced before a special court on Saturday, where the ED will…
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India’s Q3 2025 dealmaking surged with 629 mergers and acquisitions (M&A) and private equity (PE) deals worth USD 28.7 billion, led by record IPO activity at 34 listings. Major highlights included Schneider Electric, TML CV Holdings, and JumboTail’s unicorn entry.…
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The Enforcement Directorate (ED) in Kochi questioned George Alexander Muthoot, MD of Muthoot Group, in a money-laundering case. The ED’s action stems from Kerala Police FIRs alleging investors were lured with high returns on fixed deposits and NCDs, with funds…
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American regulators are facing delays in serving legal papers to Adani Group executives. The U.S. Securities and Exchange Commission has informed a New York court that Indian authorities have not yet acted on its requests. These documents relate to allegations…
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India and Brazil are strengthening trade ties and exploring ways to boost bilateral trade and investment, particularly in response to increased US import tariffs. Discussions under the India-Brazil Trade Monitoring Mechanism focused on expanding preferential trade agreements and enhancing collaboration…
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US auto giant Ford is reassessing its Chennai plant’s future due to Trump-era tariffs impacting export plans. While the facility has been non-operational since mid-2022, Ford is considering writing off its investment or commencing operations, with a focus shifting towards…
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