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.
G7 countries endorse 'side-by-side' system replacing top-up levies; US, UK firms exempted
https://timesofindia.indiatimes.com/business/international-business/global-minimum-tax-g7-endorses-side-by-side-system-replacing-top-up-levies-us-uk-firms-exempted/articleshow/122138937.cms
https://timesofindia.indiatimes.com/business/international-business/global-minimum-tax-g7-endorses-side-by-side-system-replacing-top-up-levies-us-uk-firms-exempted/articleshow/122138937.cms
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.
Paint industry trends: Fierce competition dent sales; companies eye FY26 revival
https://timesofindia.indiatimes.com/business/india-business/paint-industry-trends-fierce-competition-urban-slowdown-dent-sales-companies-eye-fy26-revival/articleshow/122139831.cms
https://timesofindia.indiatimes.com/business/india-business/paint-industry-trends-fierce-competition-urban-slowdown-dent-sales-companies-eye-fy26-revival/articleshow/122139831.cms
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.
Top 10 firms m-cap: Reliance leads Rs 2.34 lakh crore surge; Infosys only laggard as Sensex rises 1,650 points this week
https://timesofindia.indiatimes.com/business/india-business/top-10-firms-m-cap-reliance-leads-rs-2-34-lakh-crore-surge-among-top-firm-infosys-only-laggard-as-sensex-rises-1650-points-this-week/articleshow/122141461.cms
https://timesofindia.indiatimes.com/business/india-business/top-10-firms-m-cap-reliance-leads-rs-2-34-lakh-crore-surge-among-top-firm-infosys-only-laggard-as-sensex-rises-1650-points-this-week/articleshow/122141461.cms
Last week, the market capitalization of nine of India's top-10 most valued companies surged by Rs 2,34,565.53 crore, mirroring the buoyant equity markets. Reliance Industries emerged as the biggest gainer, while Infosys was the only firm to experience a decline in valuation. The benchmark BSE Sensex also saw a significant rise of 2% during the same period.
Indian Railways announces three big steps for train ticketing! New charting, Tatkal ticket booking, reservation system - what they means for passengers
https://timesofindia.indiatimes.com/business/infrastructure/indian-railways-announces-three-big-steps-for-train-ticketing-new-charting-tatkal-ticket-booking-reservation-system-what-they-means-for-passengers/articleshow/122143108.cms
https://timesofindia.indiatimes.com/business/infrastructure/indian-railways-announces-three-big-steps-for-train-ticketing-new-charting-tatkal-ticket-booking-reservation-system-what-they-means-for-passengers/articleshow/122143108.cms
Indian Railways is set to introduce significant changes to its passenger reservation system, aiming to enhance passenger comfort. Key improvements include preparing reservation charts eight hours in advance, implementing verified user-only Tatkal ticket bookings with OTP authentication by July 2025, and launching a new passenger reservation system by December 2025.
Torrent in Rs 18,000 crore deal, 2nd largest in pharma sector
https://timesofindia.indiatimes.com/business/india-business/torrent-in-rs-18000-crore-deal-2nd-largest-in-pharma-sector/articleshow/122147354.cms
https://timesofindia.indiatimes.com/business/india-business/torrent-in-rs-18000-crore-deal-2nd-largest-in-pharma-sector/articleshow/122147354.cms
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.
Rosneft in talks with RIL to sell its stake in Nayara
https://timesofindia.indiatimes.com/business/india-business/rosneft-in-talks-with-ril-to-sell-its-stake-in-nayara/articleshow/122147363.cms
https://timesofindia.indiatimes.com/business/india-business/rosneft-in-talks-with-ril-to-sell-its-stake-in-nayara/articleshow/122147363.cms
K'taka Bank MD & exec director quit
https://timesofindia.indiatimes.com/business/india-business/ktaka-bank-md-exec-director-quit/articleshow/122147367.cms
https://timesofindia.indiatimes.com/business/india-business/ktaka-bank-md-exec-director-quit/articleshow/122147367.cms