Government Moves Closer to Establishing Eighth Pay Commission; Cabinet Approval Expected Soon The government is nearing the establishment of the Eighth Pay Commission, with its terms of reference set to be sent for cabinet approval by early next month. Once approved, a formal notification will be issued, allowing the commission to begin its operations from April, according to a senior government...
2025
Aukera Jewellery, a startup specializing in lab-grown diamond (LGD) jewellery, is in discussions to secure $15 million in a Series B funding round led by Peak XV Partners, according to sources cited by Private Sources. Existing investors, including Fireside Ventures, are expected to participate. The new capital will support Aukera’s expansion as competition intensifies in India's $2.6 billion LGD...
India's export diversification over the past decade has not been limited to mobile phones and electronics—it has also expanded to include onions and shallots. A Private source analysis indicates that until 2024, before the government imposed price control measures, India's onion exports saw a growing share in the Middle East and Europe, while exports to South Asia and Southeast Asia declined. On March...
Mahindra & Mahindra (M&M) is reportedly in discussions to acquire the entire stake of Japan’s Sumitomo Corp in commercial vehicle manufacturer SML Isuzu, according to CNBC-Awaaz on March 24, citing sources. The potential acquisition is expected to support M&M’s expansion into the trucks and buses segment. As per the report, M&M is considering a valuation of ₹1,400-1,500 per share for...
SoftBank-backed Meesho, a homegrown e-commerce platform, is preparing for an IPO later this year, aiming to raise around $1 billion, according to sources. The company has already appointed Morgan Stanley, Kotak Mahindra Capital, and Citi as advisers for the listing, with JP Morgan possibly joining the syndicate. If Meesho goes public in 2025, it will beat Walmart-owned Flipkart to the stock market....
An 86-year-old woman from South Mumbai lost ₹20.26 crore over two months in a ‘digital arrest’ scam, where fraudsters posing as CBI officials extorted money from her, police revealed on Thursday. How the Scam Unfolded A fraudster, claiming to be a CBI officer, called the woman and falsely accused her of being linked to a money laundering case through an Aadhaar-linked bank account. He then...
Ola Electric is under investigation by the Ministry of Heavy Industries over discrepancies between its reported sales and actual vehicle registrations, according to CNBC-TV18 sources. The company claimed to have sold 25,000 electric scooters in February 2025, but data from the government’s Vahan portal indicates only 8,600 registrations during the same period. As part of the probe, the Maharashtra...
State-owned Indian Renewable Energy Development Agency (IREDA), a key player in renewable energy financing, has introduced its first-ever perpetual bond to raise ₹1,247 crore. The move led to a slight rise in the company's stock during early trading on March 20, but the gains were short-lived as shares later dipped into negative territory. IREDA announced in a stock exchange filing on March 20 that the...
On March 19, midcap stocks saw a strong surge, pushing the Nifty Midcap index up by over 2.5% to around 50,771—the biggest intraday jump since June 5, 2024. Back then, the index had spiked 4.3% after a steep fall following the Lok Sabha election results. Leading the rally, Cochin Shipyard soared over 9% to ₹1,467, as defence stocks gained momentum, driving the Nifty India Defence index up nearly 6%....
Fitch Ratings expects India’s economy to grow 6.5% in FY26 and 6.3% in FY27, with low dependence on external demand helping shield it from potential U.S. tariff actions. The agency maintained its FY26 forecast while slightly raising its FY27 estimate from 6.2% to 6.3%. This outlook is more optimistic than the OECD’s 6.4% forecast for FY26 but falls short of the Reserve Bank of India’s (RBI)...