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Showing posts from June, 2025

Torrent in Rs 18,000 crore deal, 2nd largest in pharma sector

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Torrent Pharma is set to acquire a controlling stake in JB Chemicals & Pharmaceuticals for approximately Rs 18,000 crore, marking the second-largest pharma deal in India. The acquisition involves purchasing a 46.4% stake from KKR, followed by an open offer to public shareholders. This deal will create India's second most valued pharma company, with substantial revenue and a top-five ranking. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/9kbVG2y

G7 countries endorse 'side-by-side' system replacing top-up levies; US, UK firms exempted

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G7 nations have reached a groundbreaking agreement, exempting US and British multinational corporations from key provisions of the global minimum tax through a new "side-by-side" system. This framework acknowledges existing US tax laws, allowing American firms to be taxed domestically. The move aims to provide stability and certainty in the international tax system, addressing concerns raised by businesses. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/ByXcHOb

Graduating into a recession? 7 career moves that act like a safety net

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The class of 2025 faces a challenging job market due to economic slowdowns and hiring freezes. To navigate this uncertainty, graduates should prioritize careers in essential services like healthcare and explore tech roles beyond Big Tech. Investing in transferable skills, considering public sector jobs, and focusing on micro-skilling can provide stability and future growth. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/1D7oOZU

NTA SWAYAM January 2025 semester result announced: Check direct link to download scorecard here

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The National Testing Agency (NTA) has declared the SWAYAM January 2025 semester exam results, accessible on the official website. Candidates can download their scorecards using their application number and date of birth. The scorecard includes details like marks obtained and qualifying status. Successful candidates will receive certificates from the host institutions. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/IKSPfFh

Centre revises Waste-to-Energy guidelines to ease project approvals; slashes red tape

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MNRE has revised its Waste-to-Energy Programme guidelines to simplify procedures and enhance transparency. The new framework links financial support to the actual performance of energy plants, disbursing CFA in stages based on operational milestones. These changes aim to benefit MSMEs, streamline inspections, and contribute to India's waste management and net-zero emissions goals. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/rZlwbHo

JSW to buy Dulux paints biz for Rs 9,000 crore

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Forex watch: India’s reserves fall $1 billion to $697.93 billion this week; gold and SDR values decline

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India's foreign exchange reserves decreased by $1.01 billion, reaching $697.93 billion in the week ending June 20, according to RBI data. This decline reverses the previous week's increase. The drop was primarily due to decreases in foreign currency assets, which fell by $357 million, and gold reserves, which slipped by $573 million. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/8DHQyYb

S&P 500 few points away from record high it hit in February

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Delhivery stake sold: Morgan Stanley, Citigroup and 6 others enter deal; buy 1.6% stake for Rs 461 crore

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Delhivery witnessed significant investor activity as global and Indian entities, including Morgan Stanley and HDFC Mutual Fund, acquired a 1.6% stake for Rs 461 crore through open market deals. This transaction involved Nexus Venture Partners selling shares at Rs 387 apiece. The development follows Delhivery's recent announcement of acquiring a controlling stake in Ecom Express for Rs 1,400 crore. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/YuAUGzI

‘Largest share sale through QIP’: SBI plans Rs 25,000 crore Qualified Institutional Placement; appoints six banks for first share sale in 8 years

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State Bank of India (SBI) is set to raise up to Rs 25,000 crore through a qualified institutional placement (QIP), its first in eight years, to boost its CET-1 capital. Several merchant banks, including Kotak Mahindra and ICICI Securities, have been finalized for the fundraising. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/fuByj6L

Beleaguered Voda Idea may get relief as Scindia says duopoly in telecom ‘not good’

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Tata Motors says JLR ready for supply shocks, no US plant despite tariff hit; Avinya EVs delayed to late 2025

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Tata Motors Group's JLR is navigating global supply chain disruptions, leveraging lessons from the semiconductor shortage. Despite US tariff hikes, JLR has no plans for US manufacturing, mitigating impact through market adjustments and cost management. Tata Motors remains confident about rare earth supplies and EV launch plans, while Avinya EV launch is delayed due to feasibility issues. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/pXs39yg

Asean not keen to review trade pact: Government

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FTAs: Goyal says India shaping free trade agreements prioritising domestic industries; addressing their 'concerns and needs'

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Commerce and Industry Minister Piyush Goyal affirmed that India's free trade agreements (FTAs) prioritize domestic industry interests through extensive stakeholder consultations, carefully balancing offensive and defensive needs. He emphasized pursuing trade pacts with complementary economies, ensuring national and public interests are upheld. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/D7nNrBq

Indian auto industry chart magnet supply chain plans

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Oil supply chain stable, says minister Hardeep Puri

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D-Street braces for 'risk-off' selloff

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OJEE counselling 2025 application begins at ojee.nic.in: Here is the list of documents required for registration

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The Odisha Joint Entrance Examination (OJEE) counselling 2025 has commenced on ojee.nic.in for various undergraduate and postgraduate programs. Qualified candidates from OJEE 2025 or JEE Main 2025 (for BTech) can register. The process involves online registration, choice filling, and document uploading within a specified timeframe. Eligibility criteria include valid scores, domicile requirements, and adherence to reservation norms. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/9cOJaQk

UPSC ESE Prelims result 2025 released at upsc.gov.in: Check direct link to download merit list PDF, mains schedule here

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The Union Public Service Commission (UPSC) has announced the Engineering Services Examination (ESE) Preliminary 2025 results, accessible on upsc.gov.in. Successful candidates, identified by their roll numbers in the published PDF, are now qualified for the ESE Mains exam scheduled for August 10, 2025. This next phase involves descriptive papers testing in-depth understanding within their chosen engineering discipline. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/8Qa9hNx

UGC NET admit card 2025 for June 25 exam released: Check direct link to download hall ticket here

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National Testing Agency has issued the admit cards for University Grants Commission National Eligibility Test. The exam is scheduled for June 25, 2025. Candidates can download their hall tickets from ugcnet.nta.ac.in. The admit card contains exam timing, center address, and candidate details. Applicants must carry a printed copy and a valid photo ID. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/7u6MyAl

Refunds, advance tax dip: Net direct mop-up down 1.4% to Rs 4.6L crore

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Gross direct tax collections saw a modest increase of under 5% up to June 19, with advance tax receipts growing at a muted 3.9%, signaling potential concerns about corporate profit growth. Net direct tax collections dipped slightly due to a significant surge in refunds, reflecting the finance minister's push for quicker disbursal. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Dk9VEru

Israel-Iran conflict: Government holds meet with stakeholders

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from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News Israel-Iran conflict: Govt holds meet with stakeholders

ICICI sought to acquire HDFC, reveals chairman Deepak Parekh

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Deepak Parekh disclosed that Chanda Kochhar once suggested a merger between ICICI Bank and HDFC. Parekh declined the offer. He cited regulatory pressure as the main driver for HDFC's eventual merger with HDFC Bank. Parekh described the merger's conclusion as both sad and happy. He emphasized the need for larger Indian banks through acquisitions. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZUT3e2x

Bank of England keeps interest rates steady

from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/h8LsilH

SNB report: Indian funds in Swiss banks triple to Rs 37,600 crore in 2024; individual deposits up only 11%

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Indian money in Swiss banks more than tripled in 2024, reaching a three-year high of nearly Rs 37,600 crore, driven by increased funds through local branches and financial institutions. While individual deposits saw a modest rise, overall Indian-linked funds surged significantly. Switzerland emphasizes cooperation with India in curbing tax evasion through automatic exchange of information. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/dQop0T9

Heat insurance: Rs 3,000 for workers

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Digit Insurance has initiated payouts for migrant laborers in Noida due to extreme heat, utilizing a parametric insurance model that triggers payments when temperatures exceed specific thresholds for consecutive days. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/UZCO9z3

HDFC Bank's chief HR officer Razdan quits after 7 years

from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/MP0jeku

Air India to cut overseas flights on wide-body aircraft by 15% at least till mid-July

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Air India will cut international flights using wide-body planes by 15%. This reduction is effective immediately and will last until at least mid-July. The airline cites airspace closures and enhanced checks on Boeing 787s as reasons. These factors have increased flight times and reduced aircraft availability. The airline operated 462 flights between June 2 and 17, but cancelled 83 flights. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/ub9CYmx

Sebi reforms REITs and InvITs norms to align disclosures, cut entry size; allow broader role for merchant bankers

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Sebi's board has approved amendments to ease business operations for REITs, InvITs, and merchant bankers. These changes include greater cash-flow flexibility, clearer public unitholding definitions, harmonized reporting timelines, and reduced minimum investment for privately placed InvITs. Merchant bankers can now conduct certain non-Sebi-regulated financial services under the same entity, subject to regulatory safeguards, enhancing operational efficiency. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/xmla0tU

Sebi bans 'expert' for illegal stock gains

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from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/AOfJyvn

Bomb hoax on Kochi-Delhi IndiGo flight

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An IndiGo flight carrying 157 passengers from Muscat to Delhi via Kochi was forced to make an emergency landing in Nagpur following a bomb threat. The threat, received via email by Cochin airport authorities, prompted the mid-air diversion. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/jbLav3G

Iran urges public to delete WhatsApp; claims app sends data to Israel amid conflict; company denies allegations

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Iranian state television has urged citizens to delete WhatsApp, alleging data collection and sharing with Israel, claims WhatsApp vehemently denies. The messaging app emphasises its use of end-to-end encryption, ensuring user privacy and denying any data sharing with governments. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/9JyOpBe

Top stocks to buy today: Stock market recommendations for June 17, 2025 - check list

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Stock market recommendations: Mirae Asset Sharekhan's Somil Mehta recommends buying Apollo Hospitals and Persistent. Apollo Hospitals, currently trading around Rs 7,100, is expected to reach Rs 7,545, while Persistent, near Rs 6,010, aims for Rs 6,300. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/7lnqfI1

South Delhi India's capital for FMCG consumption

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West Delhi leads India in FMCG spending, averaging Rs 39,325 annually per household, while South Delhi consumes the most volume at 240kg per household. Bengaluru tops in premium FMCG product spending. Mumbai's GDSC cluster shops most frequently, though with smaller basket sizes, and both Delhi clusters favor home-cooked meals but also consume bottled soft drinks. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/KWeUm3y

IBPS revises 2025–26 recruitment calendar: Check exam dates for PO, SO, Clerk, and RRB posts

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The Institute of Banking Personnel Selection (IBPS) has released the revised exam calendar for the 2025–26 recruitment cycle, covering key positions in Public Sector and Regional Rural Banks. The schedule outlines dates for prelims, mains, and single exams, with detailed application guidelines including mandatory live photo uploads and online-only registration for all candidates. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/x26SgTM

Odisha mega projects: State approves Rs 1.51 lakh crore industrial push; over 62,000 jobs on the horizon

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Odisha's industrial sector is set for a major boost as the state government approved eight mega projects worth Rs 1.51 lakh crore. These ventures, spanning across six districts, are expected to create over 62,000 jobs in sectors like aluminium, chemicals, and steel. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/SnsUoKl

Government to 'facilitate' auto companies procure Chinese magnet

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The Indian government is assisting the auto industry in securing rare earth magnets from China by facilitating communication and ensuring compliance with export regulations. Companies have submitted End User Certificates to China, and industry representatives will meet with Chinese officials, with the Indian embassy's support. While working on domestic production, the industry relies on these imports to avoid manufacturing disruptions. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/WKNtUFG

India, US close to finalising 'early tranche' of trade deal

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India and the US are nearing completion of the initial phase of a bilateral trade agreement, aiming to finalize the text before July 9. India is considering concessions on agricultural products and automobiles in exchange for a 10% duty on labor-intensive goods like textiles and footwear. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/UbXVCS7

Adani's Haifa port unaffected by Iranian missile strikes, operations normal: Sources

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Despite Iranian ballistic missile attacks targeting Haifa port and a nearby oil refinery in Israel, the Adani Group-led Haifa port remained unharmed, ensuring uninterrupted cargo operations. While shrapnel fell near the port and refinery, causing no injuries, the Adani-operated port sustained no damage. Cargo operations are proceeding normally, with eight ships currently in the port. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/lJpGO7V

Global aviation forecast dips slightly: Boeing sees fleet nearing 50,000 by 2044; cites post-pandemic supply chain woes

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Boeing projects a global commercial aircraft fleet of nearly 50,000 by 2044, with developing markets driving growth. Supply chain challenges have slightly reduced delivery forecasts, contributing to a potential aircraft shortage. While passenger growth outpaces GDP, new deliveries struggle to meet demand, highlighting a shift in the industry's landscape with increased representation from Asian and Middle Eastern firms. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/fBpdgah

India-Maldives currency swap: RBI’s $400 million support lifts FX reserves; Fitch cites easing of liquidity strain in rating note

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India has welcomed the Maldives' improved foreign exchange reserves, acknowledging the significant role of the $400 million currency swap between the RBI and MMA in easing liquidity pressures. Fitch Ratings recognized India's critical support in bolstering the Maldives' reserves, alongside strong tourism and new forex regulations. Despite this, the Maldives faces ongoing fiscal and external challenges. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/uC3qfXo

Defence stocks surge, airline scrips slump

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Gensol group faces insolvency over Ireda dues

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Reliance sells 3.6% stake in Asian Paints in Rs 7,700 crore deal

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Air India crash set to trigger over Rs 1,000 crore insurance claims

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Currency watch: Rupee closes flat at 85.52 vs dollar, equities crash and oil spike limit gains

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The rupee marginally strengthened against the US dollar, closing at 85.52, supported by a weaker greenback and anticipation of Federal Reserve rate cuts. However, a sharp decline in domestic equities, with the Sensex and Nifty falling significantly, and rising crude oil prices, limited the rupee's gains. Foreign institutional investors also offloaded equities, further impacting market sentiment. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/aLPvAcF

Top depository NSDL looks at $400mn IPO in July

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National Securities Depository is moving forward with its IPO plans, aiming to raise approximately $400 million. The offering, cleared by Sebi last October, is expected to launch as early as July. Major investors like IDBI Bank, NSE, and SBI are participating in the offer for sale, with NSDL not receiving any proceeds from the IPO. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZKsgT7B

Govt slashes basic customs duty on crude edible oils from 20% to 10%

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The government has reduced the Basic Customs Duty on crude edible oils like soybean, sunflower, and palm from 20% to 10% to control rising prices. This move widens the import duty differential, encouraging domestic refining and reducing refined oil imports. The food ministry has directed industry associations to immediately pass on the duty reductions to consumers by adjusting prices. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/VCcaOh6

JioBlackRock gets Sebi nod to launch investment advisory services, joint venture eyes digital-first strategy; Marc Pilgrem to lead India operations

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Jio BlackRock Asset Management has secured regulatory approvals from SEBI and BSE to launch its investment advisory operations in India. This venture, a 50:50 partnership between Jio Financial Services and BlackRock, aims to revolutionize wealth management with a digital-first platform. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/MXf15so

Relax production-linked incentive, PM e-drive schemes, say auto companies

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The auto industry faces supply chain issues. China's restrictions on rare earth magnet shipments are the cause. Automakers request government to relax domestic value addition norms. This is for production-linked incentive scheme. Companies seek permission to import complete assemblies from China. This is a short-term solution to avoid production disruptions. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/mlzfFdH

Byju's sells US subsidiaries at steep discount

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Byju's has sold its US subsidiaries, Epic and Tynker, through US bankruptcy proceedings as part of its asset liquidation after a financial downturn. Epic was acquired by TAL Education Group for $95 million, while CodeHS purchased Tynker for $2.2 million. These sales aim to help lenders recover losses from a $1. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/5SvKqm1

India-US trade deal: What Indian & American officials discussed during the week-long deliberations; first phase likely soon

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India and the United States are actively negotiating a bilateral trade agreement, aiming for completion by fall 2025. Discussions during the recent US delegation visit covered market access, digital trade, and customs facilitation. Both nations seek a mutually beneficial agreement, with the US focusing on digital commerce and India seeking tariff exemptions. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/xnBdvlf