News
French spirits giant Pernod Ricard has withdrawn its legal challenge against a major tax demand from Indian authorities involving approximately $314 million in alleged unpaid duties, according to a court order reviewed on Tuesday. The decision marks a new development in a dispute that has lasted for......
At least nine people have died and 15 remain missing after a tunnel under construction collapsed at a hydroelectric project in the northern Indian state of Sikkim, prompting an extensive rescue operation under hazardous conditions. The accident occurred on Monday at a construction site on the Teesta......
Coca-Cola is moving forward with plans to take its Indian bottling business public, appointing JPMorgan and Citi to oversee the planned initial public offering (IPO) of Hindustan Coca-Cola Holdings in 2027, according to sources familiar with the process. The move represents a significant step in the......
HSBC has upgraded its outlook on Indian equities to "Neutral" from "Underweight", citing improving macroeconomic conditions driven by lower crude oil prices and renewed foreign investor participation. The brokerage also raised its year-end 2026 target for the BSE Sensex to 84,000,......
India has instructed shipping companies, vessel managers and maritime recruitment agencies to halt the deployment of Indian seafarers on ships scheduled to transit the Strait of Hormuz, citing heightened security risks linked to renewed conflict in the region. The directive reflects growing concern......
ICICI Lombard General Insurance posted a sharp decline in first-quarter earnings as higher claims payouts and increased commission expenses weighed on the company's profitability despite continued activity in India's insurance market. The insurer reported that profit after tax for the quarter......
India has summoned a senior Iranian diplomat following a reported missile attack in the Strait of Hormuz that allegedly killed one Indian sailor and injured eight others serving aboard commercial vessels. According to Indian government sources, the Ministry of External Affairs called in Iran's......
India’s Aditya Birla Group is set to significantly expand its renewable energy business after agreeing to acquire Sprng Energy from Shell in a transaction valued at approximately $1.8 billion, including debt. Announced by Grasim Industries, the deal ranks among the largest acquisitions in India’s......
India is tightening control over renewable energy infrastructure by requiring clean power developers to either give up unused grid connection rights or provide additional financial guarantees if they fail to generate electricity. The move is part of a broader effort by Indian authorities to ensure that......
India’s securities regulator is preparing a significant overhaul of its stock lending framework that would make short selling more accessible by expanding the number of eligible shares and easing collateral requirements, according to people familiar with the plans. The proposed reforms are designed......
The Indian rupee has come under renewed pressure as companies increasingly exploit pricing gaps between domestic foreign-exchange markets and offshore non-deliverable forward (NDF) contracts, a strategy that is boosting demand for U.S. dollars and reviving a longstanding challenge for policymakers. Market......
India’s state-owned refiners have purchased approximately 7 million barrels of crude oil through recent tenders, highlighting sustained import demand from one of the world’s largest energy consumers, according to trade sources. The combined purchases were made by Indian Oil Corporation (IOC)......
India's insurance regulator is preparing a major overhaul of commission structures for insurance distributors, aiming to curb policy mis-selling, lower distribution costs and strengthen consumer protection in one of Asia's largest insurance markets. According to sources familiar with the discussions,......
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