The Ministry of Commerce and Industry has initiated a number of ease of doing business compliance measures over the last month to help domestic businesses, while also protecting them from dumping from abroad by launching anti-dumping investigations on at least 15 product lines. However, the Export Promotion Mission, announced in Budget 2025, is yet to … Read more
Key points mentioned by the management included: Target of 1.5X revenues over current levels and hence crossing Rs 1 lakh crore milestone by FY2030 This is just 50% revenue growth over next 5 years Targets upto 30% export contribution by 2030 (against 27% currently) Launch of luxury segment brand Genesis in India by 2027 26 … Read more
The Board of Hindustan Foods Limited (HFL), has approved an investment of Rs. 30 Cr for the acquisition of a business engaged in manufacturing of ice cream cones and sleeves. Target has capacity of 1 million cones per day. It’s current customers include India’s largest multinational ice cream company. Acquisition aligns with HFL’s strategy of … Read more
Silver has become 2025’s most profitable investment, with silver exchange-traded fund (ETF)s yielding impressive 102% returns this calendar year. The industrial metal’s value has reached unprecedented levels, trading at approximately Rs 1.8 lakh in the spot market, with analysts forecasting targets up to Rs 2.46 lakh per kg, driven by increased demand and limited supply.Traditional … Read more
Jose Munoz literally shattered the glass ceiling as he became the first non-Korean to become the global CEO and President of Korean automotive giant Hyundai in Jan 2025. A native of Spain and currently a US citizen, the 60-year-old Munoz now has his eyes firmly fixed on India, a market that he sees not just … Read more
A consortium led by global asset manager BlackRock, along with chipmaker Nvidia and tech giant Microsoft, is set to acquire Aligned Data Centers from Australian financial services major Macquarie in a deal valued at around $40 billion.The acquisition underscores the tech sector’s escalating race to build artificial intelligence infrastructure — from chips and servers to … Read more
The United States demonstrates one of the world’s largest disparities between its outbound visa-free privileges and inbound visa requirements. (AI image) It’s a historic low for the US passport! For the first time since Henley Passport Index started releasing passport rankings almost 20 years ago, the US passport has dropped out of the top 10 … Read more
Family offices are increasingly investing more in venture capital firms that back early-stage startups, departing from their traditional playbook of focusing on IPO-ready or pre-IPO funding rounds that deliver faster returns, said fund managers and investment advisors. While family offices mostly allocate only $2-8 million to such VC funds, the investments open up crucial access … Read more