Business

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Zydus Wellness Ltd’s subsidiary, Alidac UK Ltd, is set to acquire Comfort Click for GBP 239 million, marking its entry into the VMS segment. Comfort Click, with significant revenue and growth in the UK and Europe, aligns with Zydus Wellness’s strategy to expand its global presence and strengthen its capabilities in consumer-centric health solutions.

Gold prices in the national capital soared to a record high of Rs 1,03,670 per 10 grams, driven by persistent buying, a weaker rupee, and global uncertainties. Silver prices eased after reaching record highs, while international markets saw spot gold remain steady. Market participants are closely monitoring US-India trade tensions and the upcoming US PCE…

India’s foreign exchange reserves decreased by $4.386 billion, reaching $690.72 billion in the week ending August 22, according to the RBI. This decline was primarily driven by a fall in foreign currency assets and gold reserves. Despite this, India’s economy demonstrated strong growth, expanding by 7.8% in April-June, making it the fastest-growing major economy.

India’s fiscal deficit reached 29.9% of its full-year target by July, surpassing the previous year’s 17.2%. Despite this, the Indian economy experienced robust growth of 7.8% in April-June, fueled by a strong performance in the agricultural sector, which grew by 3.7%. Manufacturing also saw a slight increase, contributing to India maintaining its position as the…

India is poised to overhaul its GST structure, reducing tax slabs from four to two. This reform aims to lower rates on essential goods and durables, potentially boosting consumption by Rs 0.7–1 lakh crore. The changes, coupled with a possible repo rate cut, are expected to stimulate demand and ease inflationary pressures, benefiting various sectors.

Prime Minister Modi, during his Tokyo visit, asserted that India and Japan are uniquely positioned to guide Asia towards stability and prosperity. He highlighted India’s rapid economic growth, political stability, and transparent policies, inviting Japanese investment. Modi emphasized the potential for collaboration beyond the automotive sector, suggesting robotics, semiconductors, and nuclear energy.

Piyush Goyal says India will prioritize self-respect in trade talks. India is ready for free trade agreements, but not at the cost of national pride. The iron ore and steel industry aims to export 50 million tonnes of steel. The government will support industries affected by tariffs. The GST Council will meet soon to boost…

Dr. Urjit Patel, former RBI governor, has been appointed as Executive Director at the International Monetary Fund for a three-year term. Patel, who resigned from his RBI governorship prematurely in December 2018, previously served at the IMF and has held various policy and consulting roles within the Indian government and private sector.