Piramal Finance is set to raise $500 million in FY26, having already secured $350 million from the International Finance Corp and the Asian Development Bank. The non-bank lender is in advanced discussions to secure the remaining $150 million from development…
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The non-compete payment —amounting nearly 5% of deal value—is intended to prevent Shriram Ownership Trust (SOT), the promoter entity, from launching a rival lending business under the Shriram brand or any other name.
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Major apparel brands from the UK and Europe are in talks with Indian garment makers. This is happening as free trade agreements with India are nearing final approval. Buyers are increasing factory checks in India. They plan to source more…
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As December approaches, cement companies are preparing for a tough quarter. Prices have been trending down across India, with significant drops noted in the south and east markets.
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The muted domestic GST growth comes despite steady activity in segments such as retail sales and bank credit, suggesting a disconnect between underlying economic expansion and the GST yield.
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The World Bank has upgraded India’s FY26 growth forecast to 7.2%, driven by robust domestic demand and rising rural incomes. While FY27 growth is projected to moderate to 6.5% due to US tariffs, it’s expected to rebound to 6.6% in…
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