Against the backdrop of weakening external demand and constrained supply routes, the government has allowed India’s export oriented units in Special Economic Zones (SEZs) to sell their products within India at concessional tax rates. The move follows an announcement to this effect in Budget 2026 presented by Finance Minister Nirmala Sitharaman on February 1. Experts … Read more
United Spirits Limited (USL), the Indian arm of London-based Diageo, stated on Tuesday (March 24, 2026) that it had fully divested its stake in Royal Challengers Sports Pvt. Ltd. (RCSPL) to a consortium comprising Aditya Birla Group, The Times of India Group, Bolt Ventures, and New York-based Blackstone’s private equity strategy, BXPE, in an all-cash deal worth $1.76 … Read more
The U.S. and India are not “far off” from finalizing an interim trade deal, but need to bridge some negotiating gaps, such as over discussions on pulses and the staging of tariff reductions, according to a U.S. official. “We’re not that far off from finalizing the interim trade deal, but some gaps remain,” the official … Read more
Leading consumer goods makers said their capital expenditure plans for FY27 remain on track despite the Iran war, which has led to a surge in crude oil prices and input costs and necessitated price increases that have eroded much of the gains from the goods and services tax (GST) rate cuts. The country’s largest car … Read more
Major consumer companies are rushing to fill leadership roles in their legal departments as stricter regulations and new labour rules add complexity to their operations, industry executives said. Legal leadership is changing fast in the country’s consumer sector and globally. Digitisation, fierce competition, and shifting regulations are reshaping the role. Also, as businesses grow, mergers, … Read more
The ongoing war in the Middle East has triggered an energy crisis for the world and “no country is immune” to its shockwaves, the International Energy Agency (IEA) warned on Monday. Addressing the National Press Club in Australia’s capital, Birol said the current situation has evolved into an unprecedented disruption, combining multiple shocks to oil … Read more
Reinvesting dividends from Dabur over 30 years has created a pool of non-core assets for its promoters that are equally valuable, according to the Burman family scion, Gaurav Burman. The Burman family control Dabur with two-thirds of the company’s shares. “We have been lucky, Dabur achieved excellent growth over the last 30 years, and we … Read more
Prices of cars, two-wheelers, televisions, refrigerators and air conditioners are expected to rise up to 5-6% from April. Manufacturers are grappling with a sharp surge in cost of inputs — including crude derivatives such as plastics, resins, and polymers — higher international freight rates and rupee depreciation triggered by the Gulf war. Automakers are considering … Read more
Bajaj Electricals Ltd said it has signed a definitive agreement to acquire the intellectual property and brand rights of Morphy Richards in India and select South Asian markets for Rs 141.4 cr. (Morphy Richards, founded in the UK in 1936, is globally known for its premium, design-led home appliances and personal care products.) The Company … Read more