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Norway's sovereign wealth fund, the world's largest, is divesting from 11 Israeli companies due to the worsening humanitarian crisis in Gaza. The decision, prompted by increased scrutiny and government review, follows reports of investments in companies linked to the conflict, including a manufacturer of fighter jet parts.
The Adani Group, through its joint venture Horizon Aero Solutions, is set to acquire Indamer Technics (ITPL), a leading private-sector MRO provider. This acquisition, located in Nagpur's MIHAN SEZ, aims to establish India as a premier g ...more
Indian investors showcased unwavering confidence in July, doubling down on mutual fund investments, primarily through equity schemes. Gross SIP flows soared past ₹28,000 crore, while monthly equity flows exceeded ₹42,000 crore. The ...more
William Grant & Sons hails the India-UK trade agreement as a landmark achievement, anticipating the introduction of higher-end whisky editions and boosted sales of premium spirits. Sachin Mehta notes the duty reduction on scotch from 15 ...more
The Indian Hotels Company (IHCL) is expanding its presence in India's growing hospitality market by acquiring a controlling stake in Clarks, adding 135 properties to its portfolio. This strategic move, costing Rs 204 crore, includes acq ...more
LIC's new MD & CEO, R Doraiswamy, outlines strategies to maintain market leadership amid evolving financial landscapes. The insurer is balancing par and non-par products, adapting to regulatory changes, and strategically evaluating oppo ...more
The Lok Sabha has approved the Income Tax Bill 2025, a significant reform designed to simplify the tax system for individuals and companies. This revised bill incorporates recommendations from a parliamentary select committee, addressin ...more
Mutual fund inflows soared to record highs in July, propelled by robust equity scheme investments, which surged 81% to ₹42,702 crore. Debt funds rebounded strongly with ₹1.06 lakh crore inflows, while sectoral and thematic schemes l ...more
The initiative seeks to train over 2,000 students annually in emerging technologies, including 5G, AI, machine learning, networking, and cybersecurity.
Gold prices in India have soared to record highs, surpassing Rs 1.02 lakh, fueled by US tariff policies and global economic uncertainties. Experts attribute this surge to concerns over the US dollar's stability, rising inflation risks, ...more
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