Vedanta’s demerger plan gets NCLT nod; can now split business into 5 units

The ruling clears way for Vedanta’s vast operations to split into five separate units, of which four will focus on aluminum, power, oil & gas, and iron ore, respectively Vedanta Ltd on Tuesday secured approval from the National Company Law Tribunal (NCLT) bench in Mumbai to break up the oil-to-metals conglomerate into five separate units,…

India-UK FTA: Indian electronics, textiles, pharma, chemicals to get zero duty access

In labour-intensive sectors, tariffs on Indian exports to the UK have been slashed to nil from up to 20 percent on marine products, 12 percent on textiles and apparels, 8 percent on chemicals, and 10 percent on baseline metals, the Indian government said. India and the UK sign the Comprehensive Economic and Trade Agreement in…

SEBI board approves doubling disclosure threshold for FPIs to Rs 50,000 crore

Cash equity market trading volumes have more than doubled between FY23 (when the limits were set) and the current FY25, says SEBI Pandey added that on the public space, there is a need to shed a level of privacy to do a public function. “We moved towards more of transparency at the cost of privacy,”…