Ankishinde

The Lok Sabha Monday passed the first batch of Supplementary Demands for Grants for 2025–26 (Apr-Mar), giving permission to the government for net additional spending of INR 414.55 billion during the year. On a gross basis, the government had sought permission for additional spending of INR 1.32 trillion.
The government tabled the first batch of Supplementary Demands for Grants for FY26 in Parliament on Dec. 1, seeking slightly lower funds for additional spending compared with a year ago. In FY25, it had sought net INR 441.43 billion in the first batch.

The Delhi bench of the National Company Law Tribunal has approved Walmart-owned e-commerce giant Flipkart's scheme of arrangement to shift its domicile from Singapore to India. This came ahead of Flipkart's reported plan to launch an initial public offering in India next year.
The tribunal approved the merger of Singapore entities Flipkart Health Pvt. Ltd., Quickroutes International Pvt. Ltd., Flipkart Marketplace Pvt. Ltd., F.K. Myntra Holdings Pvt. Ltd., Flipkart Investments Pvt. Ltd., Klick2Shop Logistics Services International Pvt. Ltd. and Flippay Pvt. Ltd. with India company Flipkart I

India and the Eurasian Economic Union will hold the next round of free trade agreement talks in February, the commerce ministry said Monday. Russia is India's largest trading partner in the Eurasian Economic Union, which also includes Armenia, Belarus, Kazakhstan, and Kyrgyzstan.
The proposed free trade agreement is expected to expand market access for Indian exporters, support diversification into new sectors and geographies, enhance competitiveness against non-market economies, and deliver significant benefits to micro, small and medium enterprises. India had a total trade of $69 billion w

The Lower House of Parliament Tuesday passed the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, which will help revamp India's insurance framework, with a host of changes to the Insurance Act, 1938, the Life Insurance Corporation Act, 1956, and the IRDAI Act, 1999, in order to modernise the sector, widen and deepen coverage and improve regulatory oversight. Most importantly, the bill makes way for raising the foreign direct investment limit in the insurance sector to 100% from 74%, as proposed in the Budget for 2025-26 (Apr-Mar).

The chief negotiators from India and the US have concluded their discussions on the proposed Bilateral Trade Agreement, a commerce ministry official said. The remaining issues now require intervention at the ministerial level, including the commerce minister and the prime minister, the official added.
While the official did not specify the subjects that need ministerial intervention, he said Washington continues to press for concessions on certain crops under the trade deal. "Their demand has mellowed, but they have asked us to consider granting market access for at least some crops," the of

The government's continued focus on macroeconomic fundamentals and economic reforms is the key to keeping the economy on a strong growth trajectory amidst a fast-changing global environment, according to a paper authored by Reserve Bank of India staff. The assessment comes after India's GDP grew at a six-quarter-high pace of 8.2% in Jul-Sept despite global uncertainties.Continued focus on macroeconomic fundamentals and economic reforms should help unlock efficiencies and productivity gains to firmly keep the economy on the high-growth trajectory amidst a fast-changing global environment," the

Larsen & Toubro Ltd.’s onshore hydrocarbon business has won a major order from Bharat Petroleum Corp. Ltd., the former said in an exchange filing Tuesday. L&T classifies projects of INR 50 billion-INR 100 billion as ‘major’
As part of the contract, L&T will carry out engineering, procurement, and construction work at BPCL’s refinery in Bina, Madhya Pradesh. The work relates to a linear low-density and high-density polyethylene swing unit with two trains of 575,000 tonnes per annum each. The project will be executed on a lump sum turnkey basis and it will be India’s largest LLDPE/HDPE swing u

Futures contracts of gold and silver on COMEX hit fresh lifetime highs on Tuesday, supported by a weak dollar and increased safe-haven demand for the precious metal amid rising geopolitical tensions as the US tried to seize more Venezuelan oil tankers.

US President Donald Trump on Monday warned Venezuelan President Nicolas Maduro to leave power, saying "it would be smart" of him not to "play tough". The latest threats come as the US Coast Guard continued to chase a third oil tanker that it described as part of a "dark fleet" that Venezuela uses to evade US sanctions.

Asked if the goal w

The Competition Commission of India has approved the acquisition of certain warrants of Federal Bank Ltd. by Asia II Topco XIII Pte. Ltd., which is backed by global asset manager Blackstone. Once the warrants are fully exercised, Asia Topco will hold 9.99% of paid-up share capital of Federal Bank, the regulator said Tuesday.
Federal Bank's board had in October approved the preferential issue of 272.97 million warrants worth INR 61.97 billion to Asia II Topco XIII. Federal Bank has approved the grant of a special right to Asia II Topco XIII to nominate one retiring non-executive director to t

Futures contracts of copper on the Multi Commodity Exchange of India rose to fresh all-time highs, tracking the jump in copper prices to record high levels on the London Metal Exchange. Prices rose as the dollar weakened and traders bought the industrial metal amid concerns over tighter global supplies in 2026.
Growing expectations of a rate cut by the US Federal Reserve next year also supported the dollar-priced metal. Typically, lower borrowing costs boost construction and manufacturing activities, aiding copper demand.

The government will likely dilute its stake in three public sector banks--Central Bank of India, UCO Bank, and Punjab & Sind Bank--soon through the offer-for-sale route, a senior finance ministry official said. The move will help these banks meet the Securities and Exchange Board of India's minimum public shareholding norm.

Government will sell stake in these banks over the next few weeks, the official told Informist, without divulging more details.

SEBI rules require all listed companies to have a minimum public float of 25% and currently, four of the 12 public sector banks do not comp

The Delhi High Court Friday issued a notice to the customs department on a plea by InterGlobe Aviation Ltd. seeking refund of INR 9 billion paid as customs duty on reimport of aircraft or aircraft parts into India after their repair outside the country. The high court will hear InterGlobe Aviation's plea against the customs department on Apr. 8.
InterGlobe Aviation argued that the customs duty levied on these reimports was unconstitutional as it amounted to a double levy on the same transaction. The parent company of IndiGo said that it had paid the basic customs duty without any dispute at

Bank of Baroda has received $29.39 million from the voluntary liquidation of India International Bank Malaysia, in which the public sector lender held 40% stake. we hereby inform that Bank has received an amount of USD 29,391,204.52 from the liquidator towards the interim distribution of capital repatriation on account of Member’s Voluntary Liquidation (MVL) of India International Bank Malaysia (IIBMB), which is a joint venture of three banks namely Bank of Baroda, Union Bank of India and Indian Overseas Bank, in which the share of Bank of Baroda is 40,” the bank said in an exchange filing.

The Hyderabad bench of the National Company Law Tribunal Friday declared Deccan Chronicle Holdings Ltd.'s former chairman T.V. Reddy bankrupt in personal guarantor insolvency proceedings filed by L&T Finance Ltd. on dues of INR 756.06 million. The tribunal appointed Renuka Devi Rangaswamy as Reddy's bankruptcy trustee to carry out functions as per the Insolvency and Bankruptcy Code, 2016. Reddy was the personal guarantor for financial facilities provided to Deccan Chronicle by L&T Finance.there being no repayment plan submitted by the personal guarantor or any material indicating resolution o

A low CPI inflation reading and expectations of GDP growth slowing down ahead allowed the Reserve Bank of India's Monetary Policy Committee to lower interest rates in December, minutes of the committee's Dec. 3-5 meeting, released Friday, showed. MPC members gave little forward guidance in the minutes and said the committee will remain data dependent going ahead.

On Dec. 5, the MPC in a unanimous decision lowered the policy repo rate by 25 basis points to 5.25%. The committee also retained the 'neutral' policy stance, but external member Ram Singh was of the view that the stance should be

Futures contracts of gold and silver hit fresh all-time highs on the Multi Commodity Exchange, tracking contracts on COMEX. Prices rose to a new record high, with the COMEX silver contract nearing $100 per ounce and the gold contract nearing $5,000 per ounce, as geopolitical tensions lingered even as US President Donald Trump walked back on his threats of imposing tariffs on European Union nations in his push to acquire Greenland.
Prices also rose as the dollar remained weak. The dollar remained down Friday, on track for its worst week in a year, after falling the most in a month in the US t

India and the European Union agreed to a very big agreement, which some have called the "mother of all deals", on Monday, Prime Minister Narendra Modi said Tuesday. The deal represents one-third of global trade and 25% of global GDP, Modi added. European Commission President Ursula von der Leyen and European Council President Antonio Costa are currently in New Delhi.
The free trade agreement concluded between New Delhi and Brussels will strengthen trade, manufacturing, and supply chain for India, Modi said in an address in online mode at the India Energy Week. This deal will compliment India

The government has raised the base import price of silver by $595 to $3,545 per kg, according to a notification issued by the Central Board of Indirect Taxes and Customs late on Tuesday. The base import price of gold has been kept unchanged at $1,567 per 10 gm. The base import price of silver was last revised on Jan. 22.
The government normally revises base import prices of gold and silver every fortnight, and these are used to calculate the duty on these precious metals that individuals bring into the country. India is one of the world’s biggest importers of silver and the largest consumer

Recognising the importance of commercial and investment partnerships in each other's energy sector, India and Canada Tuesday signed a joint statement on energy cooperation. Under this agreement, Ottawa will ship more crude oil, liquefied natural gas and liquefied petroleum gas to India, while New Delhi will send more refined petroleum products to Canada.
The joint statement was agreed upon by Minister of Petroleum and Natural Gas Hardeep Singh Puri and Minister of Energy and Natural Resources of Canada Timothy Hodgson during the ongoing India Energy Week in Goa. The two countries agreed to d

Star Health and Allied Insurance Co. Ltd. is likely to post a double-digit on-year rise in its net premium income for the December quarter, according to brokerages tracking the company. The rise in net premium income is due to growth in the health segment following the exemption from the goods and services tax and the normalisation of the 1/n regulation impact.
The health insurer is expected to report a rise of over 11% on year in its net premium income to INR 42.32 billion for the December quarter, according to the average of estimates from four brokerages. The company's net premium income