US remains critical of India; report highlights Make in India as ‘challenging,’ other ‘onerous requirements’

The US has criticised India’s “onerous requirements” on dairy imports, surcharges on various agricultural imports, regulations for alcoholic beverage imports, and the Make in India programme that remains “challenging” for high-technology equipment makers and other American companies. The Trump administration plans to levy reciprocal tariffs from Wednesday. In its 2025 National Trade Estimate report, the … Read more

Unclaimed deposits over Rs 78,000 crore! New simplified process for account holders, nominees soon to retrieve money

Banks are implementing new RBI guidelines for unclaimed deposits and inactive accounts, effective April 1. (AI image) Banks across India will introduce a new format to help account holders or nominees recover unclaimed deposits exceeding ₹78,213 crore, according to informed sources. Banks are implementing new RBI guidelines for unclaimed deposits and inactive accounts, effective April … Read more

Easy Trip expands into new segments and geographies

The Company is acquiring 49% stake into Big Charter Pvt Ltd; a prominent player in India’s charter aviation sector. The Indian charter aviation industry, currently valued at approximately USD 650.5 mn, is projected to grow to USD 1.14 bn by 2033 In FY 2023-24, Big Charter generated revenues of Rs 128.75 cr (approx USD 15.5 mn) … Read more

Bain investing significantly to jointly control Manappuram Finance

Bain Capital is investing Rs 4,385 cr to acquire an 18.0% stake in Manappuram Finance (MFL). Stake is being acquired through the preferential allotment 50% is upfront equity infusion 50% is through warrants Investment is @ Rs 236 per share/ warrant; 9% premium to the last closing price. The stock has increased by 37% in … Read more