Author: NNI Editor

A day after the U.S. Securities Exchange Commission (SEC) informed a New York local court that it was pursuing the bribery allegations case against the Adanis, the Adani Group assured that its group companies were on a high capex path and are in good financial health.“Adani Portfolio companies are now on a high capex path, with a strong base of increasing cashflow generation and project execution outlay of respective portfolio companies,” Adani Group said in a statement. “This will position the respective portfolio companies as the global leaders in their respective sectors,” it added.The Adani portfolio of companies for the…

A quality control order for furniture under consideration of India is set to be the next big challenge for Swedish home furnishings major IKEA as it stabilises retail operations after impact of such regulations introduced for toys and steel in recent years. The norms for furniture could be the biggest, IKEA India CEO and CSO Susanne Pulverer said on the likely bearing of the upcoming regulation for the business. Since the standards vary from those elsewhere globally certification of products conforming to the new norms will be necessitated, which sometimes can mean more time. “You need to take care of…

Flipkart Ventures, the investment arm of Flipkart, has chosen five early stage start-ups, Xportel, Factors.ai, Expertia.ai, Bharat Krushi Seva, and Visa2Fly, under the third cohort of its Flipkart Leap Ahead (FLA).Through the FLA programme, these start-ups would receive equity investments up to $5,00,000 each along with a customised mentorship designed by a global consulting firm, said Flipkart Ventures on Thursday.Participants would also gain strategic mentorship and industry expertise from Flipkart leaders across business, product, technology, and finance, enabling them to refine their models and scale efficiently in competitive and dynamic markets, the investment firm said. Since its inception, Flipkart Ventures has…

Tourism Secretary Smita Sabharwal during an interview on Telangana hosting Miss World 2025, in Hyderabad on Thursday. | Photo Credit: NAGARA GOPAL As Telangana prepares to host the 72nd edition of Miss World from May 4 to 31, the event is expected to place the State on the global tourism map. Smita Sabharwal, Principal Secretary of Youth Advancement, Tourism and Culture, in an exclusive interview with Siddharth Kumar Singh shared insights on the significance of the event and its potential to showcase Telangana’s rich heritage and hospitality to the world. How did the conversation begin about Miss World 2025 coming…

Prior to taking over as CEA, Anantha Nageswaran worked as an author, teacher and consultant. He has also been a part-time member of the Economic Advisory Council to the Prime Minister from 2019 to 2021. File | Photo Credit: Bijoy Ghosh The Government on Thursday (February 20, 2025) extended the tenure of Chief Economic Adviser (CEA) V. Anantha Nageswaran for two years till March 2027.Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi approved the tenure of Mr. Nageswaran on a contract basis up to March 31, 2027.With the approval of ACC, the tenure of V. Anantha…

Former cricket team captain M.S. Dhoni during the launch of his app ‘Dhoni’ powered by Single.id, in Mumbai on February 19, 2025. | Photo Credit: PTI Single.ID, a reward systems platform will reward Former Indian cricket captain Mahendra Singh Dhoni’s loyal fans on the ‘DHONI’ app for their purchases with partner retailers, said Enigmatic Smile, a U.K.-based reward technology company.In addition to the rewards on their purchases, fans will also get inside peaks into Dhoni’s life. “Registered users can enjoy exclusive access to never-before-seen videos, personal insights, and behind-the-scenes moments from Dhoni’s life” said Enigmatic Smile in its statement. Also…

Stubborn inflation and President Donald Trump’s hard-line trade policies have rekindled fears of stagflation, a worrying mix of sluggish growth and relentless inflation that haunted the U.S. in the 1970s, even as markets remain upbeat on his pro-growth agenda.The potential return of stagflation, which would pressure a range of assets, has been flagged periodically over the past 50 years but not materialized as a real threat to investor portfolios. While economists and portfolio managers are not ready to say that this time is different, the dreaded scenario has crept back as a key risk for investors in recent weeks, as…

The Additional Solicitor General had told the court that no consignment from Skoda Auto Volkswagen India had been or would be stopped following the tax demand notice. File | Photo Credit: Reuters Skoda Auto Volkswagen India will have to “fall in line and not play victim,” the Customs department told the Bombay High Court on Thursday (February 20, 2025), justifying its tax demand notice of $1.4 billion to the company for allegedly providing misleading information about its imports.Additional Solicitor General (ASG) N. Venkatraman, appearing for the customs department, said the rule of law is the same for everyone.“You have to…

Sensex and Nifty fell for the third day on Thursday (February 20, 2025) as fresh tariff threats, weak Asian markets and foreign fund outflows hurt investors’ sentiment. | Photo Credit: REUTERS Benchmark indices Sensex and Nifty declined for the third day on Thursday (February 20, 2025) as fresh tariff threats, weak Asian markets and foreign fund outflows hurt investors’ sentiment. The 30-share BSE Sensex dropped 203.22 points or 0.27% to settle at 75,735.96. During the day, it tanked 476.17 points or 0.62% to 75,463.01. The NSE Nifty dipped 19.75 points or 0.09% to 22,913.15. Selling in frontline stocks HDFC Bank…

 Forex traders said there is a negative bias for the USD/INR pair amid a muted trend in domestic equities and the unabated foreign fund outflow is weighing on investor sentiments. File | Photo Credit: V. V. Krishnan The rupee appreciated 33 paise to close at 86.65 (provisional) against the U.S. dollar on Thursday (February 20, 2025), supported by the weakening of the American currency in the overseas market. Forex traders said there is a negative bias for the USD/INR pair amid a muted trend in domestic equities and the unabated foreign fund outflow is weighing on investor sentiments. At the…