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Reliance Capital acquisition: NCLT gives March 12 deadline to creditors, IIHL to complete ownership transfer

The Mumbai bench of National Company Law Tribunal (NCLT) has asked all parties, including committee of creditors (CoC), administrator and Hinduja Group backed-IndusInd International Holdings Ltd (IIHL) to complete the resolution plan for Reliance Capital (RCAP) by March 12, sources told businessline. “All parties including CoC, administrator and IIHL have agreed in today’s NCLT hearing...
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EDF India Form JVs with NTPC and Coal India For Hydro, Renewable Energy & Pumped Projects

New Delhi, Feb 24 (KNN) NTPC Limited, India’s largest integrated power utility, and EDF India Private Limited, a subsidiary of the French energy giant EDF, have signed a non-binding Term Sheet to collaborate on developing pumped storage projects, hydro power projects, and hybrid hydro-renewable energy initiatives through Joint Venture Company (JVC).   This new entity...
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Piyush Goyal Sets USD 100 Bn Export Target For India’s Electronics Industry At ELECRAMA 2025

New Delhi, Feb 25 (KNN) Commerce and Industry Minister Piyush Goyal has challenged the Indian electronics and electrical industry to significantly scale up exports to USD 100 billion within the next 5-7 years, highlighting the sector’s remarkable growth trajectory over recent years. Speaking at the 16th Edition of ELECRAMA organised by the Indian Electrical And...
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India’s Defence Exports Hit Rs 23,000 Cr, Target Rs 50,000 Cr By 2029: Defence Minister

Shimla, Feb 25 (KNN) Union Defence Minister Rajnath Singh announced that India’s defence exports have reached Rs 23,000 crore in 2023-24, while the country has achieved 88 percent self-sufficiency in ammunition production.  Speaking at the 16th Foundation Day of IIT Mandi, Singh outlined the government’s ambitious target of increasing defence exports to Rs 50,000 crore...
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Budget 2025 Key Announcements: New tax bill, income tax slab, ITR extension, more from FM Nirmala Sitharaman. Full list

Budget 2025 Key Announcements: Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26 in the Parliament on February 1. This was her record eighth budget presented under Prime Minister Narendra Modi-led government’s third term i.e. Modi 3.0. In her speech, Sitharaman said the Budget aims at “transformative reforms” in six key areas — financial sector,...

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