This deal, executed through a share purchase agreement, involves TMLL acquiring 100 per cent shareholding in MRUK for a cash consideration of GBP 1.2 million (approximately Rs 13.5 crore).
The seasonally adjusted index signalled the strongest improvement in the sector’s health since June 2024, driven by faster growth in employment, production, and stocks of purchases.
Billionaire Gautam Adani's conglomerate, the Adani Group, has put its $10 billion semiconductor joint venture with Israel's Tower Semiconductor on pause, reported sources.
Japan's Rakuten aims to invest at least $100 million and increase its headcount by 8 per cent in India this year to strengthen its global operations, a top executive of the internet conglomerate told sources.
The finance ministry on Tuesday said that India has an opportunity to strengthen its position in international trade and manufacturing amid global uncertainties, but the private sector and policymakers should be cautious that these challenges do not lead to capital formation being put on hold.
The Karnataka High Court (HC) will ponder over it and take a call in the next few days as it stayed a Goods and Services Tax (GST) demand of over ₹50 crore against the donut outlet on Friday.
The Indian banking sector, with its healthy balance sheet, adequate liquidity and capital buffers, is poised to meet investment needs of the industry, Reserve Bank of India Governor Sanjay Malhotra said.
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