India-Oman CEPA rollout: Trade pact may take effect in three month; Piyush Goyal flags faster execution

India and Oman are aiming to operationalise their recently signed Comprehensive Economic Partnership Agreement (CEPA) within the next three months, Commerce and Industry Minister Piyush Goyal said on Friday, signalling a faster rollout than several past trade pacts, PTI reported.The India–Oman free trade agreement was signed on December 18. Under the CEPA, Oman has offered…

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India’s delayed $5-trillion dream: What IMF’s new timeline means for your wallet

When senior ministers began promising a $5-trillion Indian economy by 2024–25, it was sold as a near-term milestone that would change everyday life — more jobs, better infrastructure, bigger pay packets. In late 2022, home minister Amit Shah even declared that “India will become a 5 trillion dollar economy by 2025.”Three years on, the goalpost…

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IndiGo scrutiny: No decision yet on abuse of dominance probe, says CCI chief

Competition Commission of India (CCI) chairperson Ravneet Kaur said on Friday clarified that the probe was based on an initial assessment of information received by the regulator after flights cancellations. The regulator had decided to look into IndiGo’s operations following the recent flight disruptions that affected passengers across the country,Speaking to PTI, Kaur said specific…

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Piramal Finance exit: Firm to sell 14.72% stake in Shriram Life to Sanlam; Rs 600 crore deal

Piramal Finance on Friday said it has decided to exit Shriram Life Insurance Company by selling its entire 14.72% stake to South Africa-based Sanlam Group for Rs 600 crore, as part of its strategy to monetise non-core assets.The company said it has signed a share purchase agreement with Sanlam Emerging Markets (Mauritius) Limited (SEMM), the…

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Shriram Finance inks pact with Japan’s MUFG Bank for investment of Rs 39,618 crore; MUFG to acquire 20% stake

Shriram Finance Limited (SFL) has entered into a definitive agreement with MUFG Bank Ltd., Japan’s largest bank and a part of Mitsubishi UFJ Financial Group (MUFG), for an investment of Rs 39,618 crore, the company informed stock exchanges in a regulatory filing on Friday.According to the filing, the Board of Directors of Shriram Finance approved…

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High-value buying shifts to credit cards, UPI for everyday payments amid decline in debit card usage: Report

Credit cards continued to dominate high-value consumer spending in the country, while UPI further strengthened its position as the preferred mode for everyday payments, according to a report by Worldline. The report highlighted shifting payment behaviour, with users increasingly favouring credit cards, UPI and prepaid instruments, while debit card usage continued to decline.The report stated…

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Adani group bets big on aviation! Plans to invest Rs 1 lakh crore in next 5 years; will bid ‘very aggressively’ for 11 more airports

The Adani Group plans to invest Rs 1 lakh crore in its airports business over the next five years, betting on strong and sustained growth in India’s aviation sector, according to Jeet Adani, director of Adani Airports. Speaking to news agency PTI ahead of the launch of commercial operations at Navi Mumbai International Airport, he…

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