Mumbai: Anand Piramal has assumed the role of chairman of Piramal Finance following its absorption of parent company Piramal Enterprises, effective from 16 September 2025. The National Company Law Tribunal had approved the merger of Piramal Enterprises with its wholly-owned subsidiary on 10 September 2025. Since joining in 2019, Anand Piramal spearheaded the Retail Lending…
Mounting delivery partner attrition and under-staffed warehouses are responsible for the widespread delays—up to 7 days in many cases—in e-commerce and quick commerce deliveries, as well as a backlog of unshipped orders, industry executives and analysts said. The situation underscores a critical choke point in the industry’s supply chain that’s unlikely to be resolved quickly,…
India is setting sail on its biggest maritime bet yet, with the Union cabinet on Wednesday unveiling an incentive package of ₹69,725 crore or about $8 billion for the shipping and ports industry. The move seeks to turbocharge infrastructure that would attract investments in shipbuilding, repairs and breaking, while also promoting domestic ship ownership and…
Jatin Dalal, chief financial officer of Cognizant Technology Solutions Corp., is the latest to call out AI’s impact on the sector. In a conversation with Nomura analysts on 16-17 September, Dalal said that AI is pushing clients to revisit their deals and demand greater AI-led savings. “The CFO (Dalal) noted that historically the company has…
US President Donald Trump wants to curb rising autism diagnoses, and has turned his sights on a popular over-the-counter (OTC) painkiller—Tylenol. On 22 September, Trump, alongside US Health and Human Services (HHS) Secretary Robert F. Kennedy Jr, announced “bold new actions to confront the nation’s autism spectrum disorder (ASD) epidemic”. The administration has linked the…
The framework, last revised in 2019, limits how much banks can lend to a company and to a group of connected companies. The rule aims to avoid overexposure to any group and concentration of resources. Banks need to keep single-company exposure at 20% of their capital base, and a group of connected companies at 25%….
Bank holiday today: It is the third day of Navratri celebrations today, on September 24. But is it also a bank holiday? The answer is no. Today is not a designated bank holiday. Notably, banks across India, including the State Bank of India (SBI), remain closed during holidays mandated by the Reserve Bank of India…
India’s renewable energy roadmap has hit an obstacle with no buyers for electricity from projects with about 30 GW of combined power-generating capacity. Although the backlog has declined from about 55 GW, offtake agreements for power from these projects is yet to gain momentum. On Monday, Union minister for new and renewable energy, Pralhad Joshi,…
US President Donald Trump has levied a 50% tax on Indian shipments, making it difficult for the shrimp exporters to compete with Ecuador, Vietnam and Indonesia. In this backdrop, exporters are increasingly turning to China and also aiming to bolster shipments to markets such Europe, the UAE, Japan and South Korea, industry officials and experts…
Union agriculture minister Shivraj Singh Chouhan has approved the procurement of major pulses and oilseeds worth ₹13,890.60 crore in Uttar Pradesh and Gujarat for the 2025-26 kharif season. The move is aimed at ensuring better prices for farmers and protect them from any crash in the prices of lentils. Chouhan approved 100% procurement of urad…