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The government is expected to prioritise medium-term debt consolidation while continuing a strong push for capital expenditure in the Union Budget for 2026-27, according to pre-Budget expectations outlined by rating agency ICRA.ICRA said the upcoming Budget assumes added significance as it will be the first to align with the recommendations of the 16th Finance Commission,…
The Confederation of Indian Industry (CII) urged the government to focus on institutional reforms and fiscal consolidation in the upcoming 2026-27 budget to maintain India’s growth momentum. The industry body presented these recommendations on Thursday, emphasising debt sustainability, fiscal transparency, revenue collection, and spending efficiency as key areas for improvement.“India has achieved a rare convergence…
Ambuja Cements has moved to consolidate the Adani Group’s cement assets by approving schemes to merge ACC and Orient Cement into itself, creating a single listed platform aimed at sharper operating leverage and cost synergies.The transaction is entirely share-based, with no cash payout. ACC shareholders will receive 328 Ambuja shares of face value Rs 2…
The Nifty experienced a mild correction this week, trading in a downward consolidation pattern and closing negative. The trading range spanned 485 points, from 26,178.70 to 25,693.25.Despite the Federal Reserve’s supportive 0.25% rate reduction and a pause in breadth deterioration, the index encountered resistance near recent peaks. The India VIX dropped by -2.01% to 10.11,…
The National Company Law Tribunal (NCLT) has approved the merger of Suzuki Motor Gujarat Pvt Ltd with its parent company, Maruti Suzuki India Ltd, marking a key consolidation move for the country’s largest carmaker.A two-member bench of the Principal Bench in New Delhi, comprising President Ramlingam Sudhakar and Member Ravindra Chaturvedi, sanctioned the scheme of…
Gold and silver prices in India took a breather this week after a prolonged rally, with analysts expecting consolidation in domestic markets next week amid upcoming global central bank meetings and trade developments.On the Multi Commodity Exchange (MCX), gold futures for December delivery fell by Rs 3,557, or 2.80 per cent, while silver futures crashed…
Fair trade regulator Competition Commission of India (CCI) has approved Sajjan Jindal-led JSW Paints’ plan to acquire a majority stake in Akzo Nobel’s India business in a Rs 12,915 crore transaction.JSW Paints had in June announced it would purchase a 74.76% stake in Akzo Nobel India for Rs 8,986 crore, followed by an open offer…
