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File picture of Meesho emblem. | Photo Credit: Reuters SoftBank-backed Meesho has acquired shareholders’ approval to raise up to ₹4,250 crore through an preliminary public providing, in accordance to the corporate’s regulatory submitting. The decision for IPO was handed within the Extraordinary General Meeting on June 25, the submitting by the e-commerce firm stated. […]
India’s cement industry skilled sturdy progress in May 2025, with volumes rising by 9% and costs rising by 8%. ICRA initiatives continued quantity progress of 6-7% for FY26, pushed by housing and infrastructure demand. Improved working margins are anticipated as a consequence of price hikes and favorable value surroundings, with decrease coal and regular diesel
Japanese electronics main Panasonic has exited India’s fridge and washing machine segments as a part of a world restructuring technique, marking a shift towards extra worthwhile and future-ready verticals akin to HVAC, B2B, and dwelling automation.The two segments had been loss-making for the corporate in India, the place it struggled to achieve market share. According
The Department of Economic Affairs report mentioned that the Indian economic system might expertise “nervous but exciting times” in the days forward. Image for illustration. | Photo Credit: Reuters It is just too soon to sound the ‘all clear’ on the risk of rising oil costs, regardless that the risk from the Israel-Iran battle has
Indian government-owned Mazagon Dock Shipbuilders Limited (MDL) has introduced its resolution to buy controlling stakes in Sri Lanka’s Colombo Dockyard in a $52.96 million deal. Photo credit score: X/@MazagonDockLtd Colombo Indian government-owned Mazagon Dock Shipbuilders Limited (MDL) has introduced its resolution to buy controlling stakes in Sri Lanka’s Colombo Dockyard in a $52.96 million deal. The
The 3.5% tax proposal itself was a discount introduced into the Act in May from the unique proposal of 5%. Image for illustration. | Photo Credit: Getty Images/iStockphoto U.S. legislators have considerably diluted the supply within the proposed laws to tax remittances to different nations, together with to India. The newest model of the Bill,
Bangladesh has paid $384 million to Adani Power this month, considerably lowering its outstanding dues underneath a 2017 energy provide settlement with the Indian firm, in accordance to sources.As of June 27, Bangladesh has paid $384 million of the dedicated $437 million scheduled for the month. Sources stated this quantity clears the nation’s “admitted” dues
Image for illustration solely | Photo Credit: Reuters Bangladesh paid $384 million to Adani Power in June, considerably decreasing its excellent dues below an influence provide settlement with the Indian agency, in accordance to sources. In June (until June 27), Bangladesh has paid $384 million of the dedicated $437 million to be paid in the
