The Economic Times’ Post

#BREAKING: #India pull off a massive win to bring #T20 #WorldCup title back home in a thriller for ages #WorldCup2024

"To a certain extent, the year-on-year rise in the #bank borrowing numbers is a reflection of the merger between #HDFC and HDFC Bank. But apart from that, it is clearly a reflection of the tightness in the liquidity and that was, to a certain extent, exacerbated in the month of May because government spending was restricted during the Union #election," said Soumyajit Niyogi, director at India Ratings & Research.

#VodafoneIdea (#Vi) is likely to face a tough time ringfencing its #2G users, with recent #tariff hikes making it clear that larger rivals #RelianceJio and #BhartiAirtel will still go all out to target the struggling operator’s low-end subscribers, said analysts.

The #US-based buyout fund #Platinum #Equity Advisors has signed its debut private equity deal in #India. It has acquired a significant majority stake in Inventia Healthcare, #Mumbai-based #pharmaceuticals company, at a valuation of Rs 2,500 crore ($300 million), said multiple people aware of the development.

#India is fast bridging the gap with #China and #Vietnam in terms of #MobilePhone exports. While FY24 mobile exports from China and Vietnam fell 2.78% and 17.6%, respectively, from the year before, exports from India surged 40.5%, officials told #ET, citing global #trade #data.

The #Volkswagen Group's wholly-owned #Indian subsidiary, #Skoda Auto Volkswagen #India, has made "great progress" in talks for a potential #equity partnership with an Indian company.

#India has initiated an #AntiDumping probe into the import of #GlassFibre from #China, #Thailand, #Bahrain following a complaint by a domestic player.

To ease the compliance burden for #insolvency professionals, and enhance the effectiveness of the liquidation process, the #IBBI has launched a set of electronic forms under the Insolvency and Bankruptcy Code.

#UN Secretary-General #AntonioGuterres said that despite progress in #RenewableEnergy, more action is crucial for a just #energy transition to achieve the #SDGs by 2030.

The construction of the Rs 12,940-crore '#UrjaGanga' #gas pipeline, #India's most ambitious project taking #environment-friendly #fuel to eastern parts of the country, has been delayed by nine months and will now be completed by March 2025, state-owned #GAIL (India) Ltd said.