Indian Pharma industry exports remain in positive territory despite tariff concerns
INDIA BUSINESS | Fri, 28 Nov 2025, 3:59AM IST
Our move from fifth to fourth position reflects strong performance in generics, which contribute USD 16 billion, and continued trust from the US and Europe accounting for 5053 percent of exports. Despite initial tariff concerns under Section 232, no duties have been imposed and exports remain in positive territory, said Namit Joshi, Chairman, Pharmexcil
Continue reading at The Hindu
17m
Carney Lifts Climate Laws for New Alberta Pipeline
GLOBAL NEWS | Fri, 28 Nov 2025, 3:36AM IST
Prime Minister Mark Carney reached a tentative deal with the province as part of his program to curb the countrys economic dependence on the United States.
Continue reading at The New York Times
40m
Canada Lifts Climate Laws for Alberta Oil Sands, Planning Pipeline
GLOBAL NEWS | Fri, 28 Nov 2025, 3:36AM IST
Prime Minister Mark Carney reached a tentative deal with the province as part of his program to curb the countrys economic dependence on the United States.
Continue reading at The New York Times
40m
Canada Lifts Laws to Allow Alberta Oil Pipeline, Turning From Climate Focus
GLOBAL NEWS | Fri, 28 Nov 2025, 3:27AM IST
Prime Minister Mark Carney reached a tentative deal with the province as part of his program to curb the countrys economic dependence on the United States.
Continue reading at The New York Times
49m
Subdued H2 credit offtake ahead for banks, NBFCs: CareEdge
INDIA BUSINESS | Fri, 28 Nov 2025, 12:27AM IST
Any incremental growth is likely going to be driven by a pickup in retail lending segments such as housing, MSME, two-wheelers, and gold loans. But analysts expect the asset quality to remain stable, despite growing retail demand. The agency has upgraded its credit growth outlook to 11.5%-12.5% for FY26, up from an earlier average growth of 11.13% in FY25. The Gross non performing assets (GNPA) for overall banks is expected to improve to 2.1% in FY26 from 2.3% in FY25.
Continue reading at Economic Times
3h
Haleon may rope in ex-MD of Castrol India to head local biz
INDIA BUSINESS | Fri, 28 Nov 2025, 12:24AM IST
Haleon India is reportedly set to appoint Kedar Lele, the outgoing MD of Castrol India, as its new chief early next year. Lele will succeed Navneet Saluja, who retired in October. This appointment marks another leadership change in India's legacy consumer sector, with Haleon India managing popular brands like Sensodyne and Crocin.
Continue reading at Economic Times
3h
EVs likely to power 25% of Mahindra & Mahindra's SUV sales by 2028
INDIA BUSINESS | Fri, 28 Nov 2025, 12:22AM IST
Mahindra & Mahindra is embracing a bold future as it prepares for a substantial transition to electric SUVs by 2027-2028. With estimates indicating that electric models could account for 20-25% of their SUV sales, the company is poised to make waves with the launch of the family-friendly XEV 9S in January 2026.
Continue reading at Economic Times
3h
Rapid CTV rise could bring 'balance' to streaming world
INDIA BUSINESS | Fri, 28 Nov 2025, 12:20AM IST
India's streaming platforms, historically male-dominated with crime and action content, may see a shift towards gender-balanced storytelling. The rapid growth of Connected TV viewing, now a significant screen for OTT, is challenging the long-held belief that men are the primary paying audience. This expansion is prompting a re-evaluation of content strategies to cater to a broader demographic.
Continue reading at Economic Times
3h
Whirlpool offloads 11.2% stake in Indian unit through bulk deals
INDIA BUSINESS | Fri, 28 Nov 2025, 12:07AM IST
Whirlpool Corporation has sold an 11.2% stake in its Indian subsidiary, Whirlpool of India. This move is part of a larger plan to reduce its ownership. The sale generated approximately 1,490 crore. The parent company aims to complete its stake reduction by the first half of 2026. Proceeds will be used to repay debt.
Continue reading at Economic Times
4h
Generic HIV drug rollout to take a hit on trial push
INDIA BUSINESS | Fri, 28 Nov 2025, 12:06AM IST
India's decision to reject a waiver for local clinical trials of a new HIV drug, lenacapavir, is causing concern. Public health experts warn this will delay access to the affordable generic version for millions in India and other low-income nations. Drug maker Hetero Labs sought the waiver to speed up the launch of the treatment.
Continue reading at Economic Times
4h
Chinese tourists come knocking, but India's doors barely open
INDIA BUSINESS | Fri, 28 Nov 2025, 12:06AM IST
Chinese travellers face visa delays and restrictions for visiting India. Tour operators report difficulties in securing appointments and limited city access. This is impacting business for companies that previously relied on the Chinese market. India resumed tourist visas after a five-year pause. Tour operators are urging for faster approvals and the return of e-visas to boost tourism.
Continue reading at Economic Times
4h
Govt forms panel to strengthen key recovery law
INDIA NEWS | Fri, 28 Nov 2025, 12:04AM IST
The government has set up a committee to examine key provisions under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, or SARFAESI Act. The committee will have senior bankers and will examine this and other suggestions to further strengthen the recovery law, said people familiar with the developments.The Supreme Court in September ruled that the borrower's right of redemption under Section 13(8) of the Act stands extinguished once the secured creditor issues a valid notice of sale (publication).The court in the case M. Rajendran vs M/S Kpk Oils And Proteins India Pvt Ltd had further observed that the 30-day wait between publication and sale is the anomaly and asked the government to review it. "We are examining the suggestions made by the Supreme Court, and accordingly relevant changes will be proposed in the Act. The idea is to take up all other suggestions as well and, if required, amend the Act, which may need approval from the Parliament," said an official, who did not wish to be identified.125622127 Section 13(8) provides that where the amount of dues of the secured creditor, together with all costs, charges and expenses incurred by him, is transferred to the secured creditor at any time before the date of publication of notice for public auction or inviting quotations or tender from public or private treaty for transfer by way of lease assignment or sale of secured assets, no further step shall be taken by him for transfer or sale of that secured creditor.The SC in its judgement stated, "It is unfortunate that the ambiguities within the statutory provisions of the SARFAESI Act and rules thereunder have left the interests of secured creditors and auction purchasers high and dry. The interpretative deadlock between the provisions and the rules has single-handedly resulted in a huge mess insofar as enforcement of security interest is concerned, giving birth to an endless pipeline of litigation clogging the specialised forums of the DRT and DRAT that are expected to expeditiously decide matters of recovery of debt," urging the finance ministry to take a serious look at these provisions and bring about necessary changes.The last major amendment to the act was done through Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016, which also paved the way for a central database of security interests created on property rights.
Continue reading at Economic Times
4h
Govt forms panel to strengthen recovery law
INDIA NEWS | Fri, 28 Nov 2025, 12:04AM IST
The government has set up a committee to examine key provisions under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, or SARFAESI Act. The committee will have senior bankers and will examine this and other suggestions to further strengthen the recovery law, said people familiar with the developments.The Supreme Court in September ruled that the borrower's right of redemption under Section 13(8) of the Act stands extinguished once the secured creditor issues a valid notice of sale (publication).The court in the case M. Rajendran vs M/S Kpk Oils And Proteins India Pvt Ltd had further observed that the 30-day wait between publication and sale is the anomaly and asked the government to review it. "We are examining the suggestions made by the Supreme Court, and accordingly relevant changes will be proposed in the Act. The idea is to take up all other suggestions as well and, if required, amend the Act, which may need approval from the Parliament," said an official, who did not wish to be identified.125622127 Section 13(8) provides that where the amount of dues of the secured creditor, together with all costs, charges and expenses incurred by him, is transferred to the secured creditor at any time before the date of publication of notice for public auction or inviting quotations or tender from public or private treaty for transfer by way of lease assignment or sale of secured assets, no further step shall be taken by him for transfer or sale of that secured creditor.The SC in its judgement stated, "It is unfortunate that the ambiguities within the statutory provisions of the SARFAESI Act and rules thereunder have left the interests of secured creditors and auction purchasers high and dry. The interpretative deadlock between the provisions and the rules has single-handedly resulted in a huge mess insofar as enforcement of security interest is concerned, giving birth to an endless pipeline of litigation clogging the specialised forums of the DRT and DRAT that are expected to expeditiously decide matters of recovery of debt," urging the finance ministry to take a serious look at these provisions and bring about necessary changes.The last major amendment to the act was done through Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016, which also paved the way for a central database of security interests created on property rights.
Continue reading at Economic Times
4h
GMR Airport's subsidiary avails Rs 750 cr loan facility for developing cargo city at Delhi airport
INDIA BUSINESS | Thu, 27 Nov 2025, 11:58PM IST
GMR Airports' subsidiary GCLL has secured a Rs 750 crore term loan from Axis Bank for its Delhi airport cargo city project. The loan will fund a portion of the development costs for the 50.5-acre cargo facility. GMR Airports has provided a Sponsor Support Undertaking and pledged shares to secure the financing.
Continue reading at Economic Times
4h
Railways eyes new ways to boost non-fare revenue
INDIA BUSINESS | Thu, 27 Nov 2025, 11:55PM IST
Indian Railways is intensifying efforts to boost non-fare revenue (NFR) by exploring new avenues like leasing guesthouse space, monetizing residue materials from wagons, and selling station waste. The goal is to significantly increase NFR earnings, which currently represent a small fraction of total income compared to developed countries.
Continue reading at Economic Times
4h
Telecom cyber rules not revoked, confirms DoT
INDIA BUSINESS | Thu, 27 Nov 2025, 11:52PM IST
There was confusion after the department on Tuesday rescinded an erroneous republication of the same rules. While the October 29 notification republishing the rules now stands revoked, the rules remain in force as per the October 22 gazette notification, it said.
Continue reading at Economic Times
4h
Airtel CEO Gopal Vittal pushes for safer digital payments
INDIA BUSINESS | Thu, 27 Nov 2025, 11:48PM IST
Gopal Vittal from Bharti Airtel emphasizes the importance of safer digital payment practices for consumers. He encourages individuals to create a separate secondary account dedicated exclusively to everyday transactions. This proactive approach safeguards personal savings against the backdrop of increasingly clever online frauds.
Continue reading at Economic Times
4h
Avaada Group to invest 1 lakh crore to expand operations
INDIA BUSINESS | Thu, 27 Nov 2025, 11:42PM IST
Avaada Group will invest 1 lakh crore in the next five years. The company aims to reach 30 GW of renewable energy capacity. This expansion includes building more solar and wind power projects. Avaada will also grow its manufacturing facilities. The group plans to hire 10,000 new employees. This significant investment will boost India's green energy sector.
Continue reading at Economic Times
4h
India taps Morocco ties for fertiliser needs
INDIA BUSINESS | Thu, 27 Nov 2025, 11:41PM IST
In a bid to secure its fertilizer supply, India is collaborating closely with Morocco, known for being a prominent supplier of phosphates. The agenda has included plans for enduring strategic alliances, cooperative projects, and initiatives to bolster agricultural resilience and food security.
Continue reading at Economic Times
4h
EPFO union opposes posting of deputed officers to cadre restructuring panel
INDIA BUSINESS | Thu, 27 Nov 2025, 11:13PM IST
An officers' union of the retirement fund body EPFO has sought withdrawal of a provision which enables the appointment of officers on deputation in a newly-constituted panel set up for cadre restructuring.
The EPF Officers' Association (EPFOA) has written a letter to the Central Provident Fund Commissioner (CPFC) of the Employees' Provident Fund Organisation, Ramesh Krishnamurthi, seeking the removal of the deputation clause from the terms of reference (TOR) of the cadre restructuring (CR) committee constituted by the EPFO on November 25.
The letter said that earlier the EPFOA had challenged the practice of appointing officers on deputation and had got a favourable judgement from the Central Administrative Tribunal (CAT) in 2007.
Another case has also been filed by EPFOA against such improper appointment, and it is currently pending before the Punjab & Haryana High Court, it said.
Despite this, whenever there is talk of cadre restructuring (CR) in EPFO, the issue of deputation is .
Continue reading at Business Standard
5h
Louvre to hike fees for non-Europeans
INDIA NEWS | Thu, 27 Nov 2025, 11:13PM IST
The Louvre decided on Thursday to hike ticket prices for non-European visitors by 45%, the Paris museum and staff unions told AFP.People from outside the European Union, Iceland, Liechtenstein and Norway will have to pay 32 euros ($37) -- an extra 10 euros -- from January 14, they said.
Continue reading at Economic Times
5h
Two large banks file applications to enter pension biz
INDIA BUSINESS | Thu, 27 Nov 2025, 11:04PM IST
The Pension Fund Regulatory and Development Authority is seeing new interest from major banks wanting to manage pension funds. PFRDA is also preparing to introduce a new inflation-linked product for National Pension System subscribers. This product will offer retirees an alternative to traditional annuities. It aims to provide stable, inflation-adjusted withdrawals from their pension corpus.
Continue reading at Economic Times
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