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Torrent in Rs 18,000 crore deal, 2nd largest in pharma sector

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Torrent Pharma is set to acquire a controlling stake in JB Chemicals & Pharmaceuticals for approximately Rs 18,000 crore, marking the second-largest pharma deal in India. The acquisition involves purchasing a 46.4% stake from KKR, followed by an open offer to public shareholders. This deal will create India's second most valued pharma company, with substantial revenue and a top-five ranking. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/WtV397c >
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Paint industry trends: Fierce competition dent sales; companies eye FY26 revival

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Indian paint companies like Asian Paints and Berger Paints are facing challenges due to weak urban demand and intense price competition, impacting their profit margins in FY25. Despite these headwinds, they anticipate a modest recovery in FY26, fueled by increased disposable incomes and government initiatives. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/aihw6qr >
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India’s ban on Pak-origin cargo at ports triggers spike in freight costs, delays- Report

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Following the Pahalgam terror attack, India's ban on ships carrying goods from or to Pakistan has significantly disrupted Pakistani trade. This ban, effective May 2025, has led to increased freight charges and longer shipping times, forcing importers to rely on feeder vessels. Indian agencies are actively enforcing the ban, seizing falsely declared Pakistani goods routed through third countries. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/lgvitje >
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G7 countries endorse 'side-by-side' system replacing top-up levies; US, UK firms exempted

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G7 nations have reached a groundbreaking agreement, exempting US and British multinational corporations from key provisions of the global minimum tax through a new "side-by-side" system. This framework acknowledges existing US tax laws, allowing American firms to be taxed domestically. The move aims to provide stability and certainty in the international tax system, addressing concerns raised by businesses. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/TJthRd4 >
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Centre revises Waste-to-Energy guidelines to ease project approvals; slashes red tape

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MNRE has revised its Waste-to-Energy Programme guidelines to simplify procedures and enhance transparency. The new framework links financial support to the actual performance of energy plants, disbursing CFA in stages based on operational milestones. These changes aim to benefit MSMEs, streamline inspections, and contribute to India's waste management and net-zero emissions goals. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/LVyx6DW >
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JSW to buy Dulux paints biz for Rs 9,000 crore

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from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/8TNmiCF >
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Foreign debt climbs: India’s external debt rises 10% to $736.3 billion in FY25; debt-to-GDP edges up to 19.1%

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India's external debt experienced a 10% surge, reaching $736.3 billion by March 2025, with the debt-to-GDP ratio slightly increasing to 19.1%. The non-financial corporate sector held the largest share of borrowing, while loans constituted the major component of the total external debt. The US dollar remained the dominant currency in India's foreign borrowing. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/7dpyASv >
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