Mitsubishi UFJ Financial Group (MUFG) is in advanced talks to acquire a 20% stake in Shriram Finance for ₹23,200 crore ($2.6 billion), potentially the largest FDI in an Indian NBFC. The investment would be via a primary issuance, with MUFG…
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Sebi’s recent clarification mandates listed companies disclose promoter relatives, including in-laws and their entities, in shareholding filings, even without direct ownership. This move, intended to enhance transparency, has sparked debate among India Inc. Lawyers criticize it as “absurd” and “impractical,”…
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The monthly accounts of the Government of India up to the month of August, 2025 has been consolidated and reports published.
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The Maharashtra Cabinet chaired by Chief Minister Devendra Fadnavis, on Tuesday, approved a hike of 9.90 paise per unit in the additional tax on sale of electricity (Additional Time of Supply/Servicing Equipment) to be recovered from industrial and commercial consumers…
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LG Electronics India’s 15,000 crore IPO will open on October 7. The issue is an offer for sale from its Korean parent. All funds will go to the selling shareholder. LG holds a market leader position in home appliances. The…
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India’s fiscal deficit for April to August stood at ₹5.98 lakh crore. This represents 38.1% of the full-year target for FY26. Higher capital spending drove the increase. Net tax receipts declined. Non-tax revenue rose sharply. Total revenue receipts increased. Government…
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