The Competition Commission of India on Tuesday approved Singapore’s Temasek Holdings proposed acquisition of a minority stake in Haldiram Snacks Food. Temasek Holdings through its arm Jongsong Investments Pte is acquiring a stake in the target company. “The proposed transaction
With general government debt now approaching three-quarters of GDP, and only incremental reform efforts visible, Pakistan risks prolonging its economic stagnation unless fundamental governance, regulatory, and industrial overhauls are undertaken. IMAGE: Laborers along the roadside eat a donated meal by
The discord between the Samsung workers affiliated to the Samsung India Thozhilalar Sangam and the company management over wage hike has been amicably resolved with the company agreeing to increase the wages, Tamil Nadu Labour Minister C V Ganesan informed
Private equity and venture capital investments dropped to $4.7 billion in April this year on heightened uncertainty and high valuation expectations of sellers, a report said on Monday. Illustration: Uttam Ghosh/Rediff The overall amount invested is 6 per cent lower
Benchmark BSE Sensex dropped by 271 points on Monday, marking the second straight day of losses due to selling in IT stocks and a weak trend in global markets after rating downgrade of the US by Moody’s Ratings. Photograph: Francis
IDFC First Bank on Monday said its shareholders have rejected the proposal to allow global private equity firm Warburg Pincus’ arm to nominate a non-executive director on the bank board. Photograph: Courtesy: IDFC First Bank Photos/Wikimedia Commons Last month, IDFC
India’s smartphone exports surged nearly fivefold to the US and about fourfold to Japan in the past three years, propelling the segment to surpass petroleum products and diamonds as the country’s top exported goods, according to government data. Photograph: Andrew
Foreign investors continue to show confidence in the country’s equity market, infusing Rs 18,620 crore so far this month, driven by a combination of global tailwinds and improving domestic fundamentals. Illustration: Dominic Xavier/Rediff This positive momentum follows a net investment
‘This helps the consumers secure more favourable terms from CIs.’ Kindly note the image has been published only for representational purposes. Photograph: Pabitra Kaity/Pixabay Credit institutions (CIs) and credit information companies (CICs), or credit bureaus, have since January this year
India’s forex reserves jumped by $4.55 billion to $690.62 billion for the week ended May 9 on the back of a steep increase in gold assets, the RBI said on Friday. Illustration: Dado Ruvic/Reuters In the previous reporting week, the
