Buisiness

Haldiram‘s, India’s largest packed snacks and sweets company, has officially entered into a strategic investment agreement with Singapore-based global investment firm Temasek. Under the deal, Temasek will acquire an equity stake from Haldiram’s existing shareholders, marking a significant milestone for the Indian packed food industry.Major investment in India’s food sectorWhile the deal’s valuation has not…

After dominating the cement industry, billionaire Gautam Adani‘s Adani Group and Kumar Mangalam Birla’s Aditya Birla Group are gearing up for another showdown—this time in the high-growth wires and cables sector. Both conglomerates recently announced their foray into the segment, intensifying competition in an industry largely dominated by unorganized players and smaller companies. New battle…

Venture capital fund Cedar-IBSi Capital announced that investments in India’s BankTech sector are projected to reach USD 1 billion by the end of 2027. As India aims to achieve its USD 7 trillion gross domestic product (GDP) target by 2030, the banking sector is expected to play a pivotal role in driving economic growth.“Investment in…

Propelled by increasing consumption in the renewable energy sector and infrastructure development, copper demand in India is expected to rise by around 7% in the coming years, according to industry officials.Policy initiatives such as the construction of industrial corridors, the “Housing for All” program, national highway development projects, and energy transition efforts are driving the…

Foreign Institutional Investors (FIIs) were net sellers in FY2025, offloading domestic equities worth Rs 1,27,401 crore. However, the intensity of selling eased considerably in March, with FIIs selling shares worth Rs 3,972.61 crore. Meanwhile, Domestic Institutional Investors (DIIs) remained consistent buyers throughout the year, purchasing stocks worth Rs 6,06,368 crore, with March seeing buying activity…

India US talks (Photo-IANS) India and the United States have decided to hold sector-specific talks in the coming weeks to finalize the structure of the proposed bilateral trade agreement (BTA). This decision comes after four days of discussions between senior officials from both countries, which concluded on Saturday. The talks take place in the context…

New Delhi: Amid mounting pressure from the Trump administration, India-US trade talks will extend into mid-Saturday as the two sides try to reach common ground on the modalities and structuring of the negotiations.Negotiations at the official level, which were to end on Friday, will now extend until tomorrow, sources said. Assistant US trade representative Brendan…

File photo- Pralhad Joshi Union Minister for New and Renewable Energy, Pralhad Joshi, announced on Saturday that India’s solar photovoltaic (PV) module manufacturing capacity will grow from 80 gigawatts (GW) to 125 GW by 2030. The country’s solar cell manufacturing capacity is also expected to rise from 25 GW to 40 GW soon. The minister…

Mumbai: Banks lent an additional Rs 15.3 lakh crore in the first 11 months of the financial year, expanding their loan book by 9.3% to Rs 175.56 lakh crore. Industry’s share of this new lending shrank to 14.5%, while home loans rose to nearly 17%.Within the total incremental non-food credit of Rs 15.33 lakh crore,…

Global brokerage firm Goldman Sachs has reduced its price targets on Indian IT stocks by 3% to 32%, citing lower revenue growth forecasts driven by macroeconomic uncertainty in the US. According to an ET report, the brokerage noted that the US accounts for around 60% of India’s IT revenues, and the downgrade in GDP forecasts…