Sony’s $10B Deal in India: Why It Failed
Sony India Deal Failed: Reasons and Consequences Sony Group Corp has called off its $10 billion merger with Zee Entertainment Enterprises Ltd (ZEEL), one of India’s largest media conglomerates, due to a leadership dispute and a regulatory probe. The deal, which was announced in 2021, would have created an entertainment giant with over 100 channels […]
Rodtep Reimbursements: Govt’s Documentation Strategy
The RoDTEP (Remission of Duties and Taxes on Export Products) scheme is a new initiative by the Indian government to boost exports and make them more competitive in the global market. The scheme aims to refund the embedded taxes and duties that were previously non-recoverable by the exporters. The scheme covers all sectors, including textiles, […]
IFSC’s Expanded Financial Services: A Government Initiative
The government of India has recently widened the ambit of financial services that can be undertaken at the International Financial Services Centre (IFSC) by incorporating services such as book-keeping, accounting, taxation, and financial crime compliance. As per a gazette notification issued by the Ministry of Finance on January 18, 2024, these services are now part […]
India-EU Trade Deal Nears Completion After 16 Years
India and the European Union (EU) are on the verge of concluding a trade agreement that will boost their economic ties and create new opportunities for businesses and consumers. The deal, which has been under negotiation since 2007, covers a wide range of areas, such as tariffs, services, investment protection, geographical indications, and trade and […]
Gautam Adani: Turning Hindenburg Report into an Opportunity
A year ago, Gautam Adani, the founder and chairman of Adani Group, faced one of the biggest challenges of his career. A US-based short-seller, Hindenburg Research, published a report accusing him and his conglomerate of fraud and stock price manipulation. The report claimed that Adani had inflated his net worth by over $100 billion in […]
Red Sea Turmoil Triggers 20-25% Hike in Marine Insurance
The Red Sea crisis has triggered a 20-25% hike in marine insurance premiums, as shipping companies face increased risks of attacks by Houthi rebels in Yemen. The conflict has also disrupted global trade, forcing some vessels to reroute around Africa and adding to inflationary pressures. What is the Red Sea crisis? The Red Sea is […]
Vikas Lifecare Secures 60% Stake in Dubai Firm
Vikas Lifecare Ltd (VLL), an Indian company that recycles plastic waste into industrial products, has announced that it will acquire 60% stake in SKY 2.0 Club, the largest nightclub in the Middle East and Asia, for USD 79 million (around Rs 650 crore). The deal is expected to be completed in the current financial year. […]
GQG Boosts Its Stake in Adani Stocks During December Quarter
GQG Partners, a U.S.-based investment firm, has increased its stake in seven Adani Group companies in the December quarter, according to stock exchange data. The firm, led by Rajiv Jain, is betting on the execution ability of the Adani Group in its core infrastructure sector. Adani Ports and Special Economic Zone (APSEZ) GQG Partners hiked […]
Crypto Regulation Mechanism: Centre’s Final Decision Pending, Supreme Court Informed
The Centre has told the Supreme Court that it is yet to take a decision on a mechanism to regulate cryptocurrencies and effectively investigate related offences. A bench of justices Surya Kant and KV Viswanathan was told by Additional Solicitor General Vikramjit Banerjee, appearing for the Centre, that the issues related to the digital currency […]
Up to 2,800 Jobs at Risk as Tata Steel Plans to Shut Down UK Blast Furnaces
Tata Steel, the India-owned steel giant, announced on Friday that it will close its two blast furnaces in Britain by the end of this year, putting up to 2,800 jobs at risk at its Port Talbot steelworks in Wales. The company said the decision was part of its plan to turn around its loss-making UK […]