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By Manbir Sandhu , 17 April 2025
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Punjab Accelerates Revenue Service Reforms with Digital Push and Tighter Timelines

In a move to modernize governance and streamline bureaucratic processes, Punjab Finance Minister Harpal Singh Cheema has announced that all overdue cases related to revenue services—including attestation of uncontested mutations and issuance of income certificates—will be resolved by April 30. The state has also committed to reducing processing times for key public services and introduced a digital-first approach to minimize red tape and corruption.

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  • Finance
By Gurminder Mangat , 17 April 2025
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Competition Commission of India Approves Multi-Layered Healthcare Investment Deal

The Competition Commission of India (CCI) has granted approval for a significant transaction involving multiple entities in the healthcare sector. The deal includes global investment firm TPG’s growth funds and South India-based healthcare provider AINU, along with other stakeholders. This approval paves the way for further expansion and consolidation in India's healthcare sector, particularly in specialties like urology, nephrology, and women’s health services.

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  • Healthcare
By Kirti Srinivasan , 17 April 2025
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Cautious Lending During Festive Season Reflects Shifting Consumer and Economic Trends

During the typically high-demand festive season of FY25, lending activity in India saw a notable decline, driven by cautious lending practices among financial institutions. According to a report by Crif High Mark, lenders adopted a more “responsible and risk-conscious” approach, reflecting broader economic concerns such as rising household debt and stricter regulatory norms. Consumer loan volumes, including home, personal, and auto loans, all experienced reduced demand, marking a significant shift in borrowing patterns.

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  • Automobiles
  • Banking
By Kirti Srinivasan , 17 April 2025
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India and Chinese Taipei Seek Delay in WTO Ruling on ICT Import Duties

India and Chinese Taipei have requested the World Trade Organization (WTO) dispute settlement body (DSB) delay the adoption of a ruling against India's import duties on certain information and technology products until October 24, 2025. The dispute, which centers around tariffs imposed by India on electronic goods, has been ongoing since 2019, when Chinese Taipei first raised the issue. Both parties are engaged in efforts to resolve the matter mutually, seeking to postpone the ruling while they work toward a resolution.

Tags

  • Economy
By Gurminder Mangat , 17 April 2025
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ICICI Prudential Reports Strong Profit Growth, Reflecting Robust Performance Amid Lower Expenses

ICICI Prudential Life Insurance has reported a significant rise in its net profit, posting a two-fold increase to Rs 386 crore for the fourth quarter of FY2025, driven largely by reduced expenses. The private insurer saw a 10.6% year-on-year growth in net premium income, reaching Rs 16,369 crore. A notable decline in actuarial liability, coupled with improved efficiency, contributed to the company’s profit surge. For the full fiscal year 2024-25, ICICI Prudential saw a 40% increase in net profit, demonstrating its strong market position and financial health.

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  • Insurance
By Gurminder Mangat , 17 April 2025
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Moderate Growth Ahead for Indian Railway Sector as Infrastructure Investments Continue

The Indian railway sector is forecasted to experience a moderate revenue growth of 5% in FY'26, largely driven by strong performance from wagon manufacturers. While the overall sector's operating margins remain stable at around 12%, the growth rate is expected to slow, particularly among construction entities. A recent analysis by ICRA indicates that while government investments in railway infrastructure have increased, the pace of funding momentum may face a slowdown.

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  • Infrastructure
By Gurminder Mangat , 17 April 2025
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Daikin India Unveils ₹500 Crore R&D Centre to Boost HVAC Innovation and Global Exports

Daikin India has inaugurated its third research and development (R&D) centre in Neemrana, Rajasthan, marking a significant investment of ₹500 crore. This state-of-the-art facility, the largest of its kind in India for the HVAC and refrigeration industry, will play a pivotal role in developing cutting-edge, sustainable air conditioning products. Spanning over 24,000 square meters, the centre will employ more than 500 engineers and is designed to enhance the company’s competitiveness in both domestic and international markets, supporting Daikin’s global expansion plans.

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  • Technology Sector
By Manbir Sandhu , 17 April 2025
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Swiggy Partners with Labour Ministry to Create 12 Lakh Gig Jobs Through National Career Service Portal

The Ministry of Labour & Employment has signed a strategic partnership with food delivery giant Swiggy to foster employment opportunities in India’s gig and logistics sectors. The collaboration, announced on Tuesday, aims to create over 12 lakh job openings within the next 2-3 years, targeting youth in urban and semi-urban areas. By integrating Swiggy’s gig and delivery roles onto the National Career Service (NCS) portal, the initiative will provide a more dynamic and accessible job market for millions of job seekers across the country.

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  • Employment
  • Logistics
By Kirti Srinivasan , 17 April 2025
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IREDA Reports Strong Growth in FY25 with 49% Surge in Quarterly Profit

The Indian Renewable Energy Development Agency (IREDA), a key player in financing renewable energy projects, has reported remarkable financial results for the quarter and fiscal year ended March 31, 2025. The company saw a 49% increase in its profit after tax (PAT) for Q4 FY25, reaching Rs 502 crore. For the full year, PAT stood at a record Rs 1,699 crore, marking a 36% growth compared to FY24. With substantial growth in revenue, loan book, and net worth, IREDA's performance reflects its strategic role in supporting India's transition to a green energy future.

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  • Energy
By Gurminder Mangat , 17 April 2025
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Antique Stock Broking Settles with SEBI Over Front-Running Allegations, Pays Rs. 29.25 Lakh in Settlement

Antique Stock Broking has reached a settlement with the Securities and Exchange Board of India (SEBI) regarding a front-running case, agreeing to pay Rs. 29.25 lakh in settlement charges. This settlement follows an investigation into allegations that the firm engaged in front-running, a practice where entities use non-public information to make trades before their clients are made aware. While the settlement resolves the issue without admitting guilt, SEBI retains the right to pursue further action if new violations are discovered in the future.

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  • Stock Broking
  • SEBI

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