Baba Kalyani’s son retains Hikal board seat amid feud

MUMBAI: Hikal shareholders have approved the reappointment of Bharat Forge vice-chairman and joint MD Amit Kalyani to the board of the chemicals company, with almost all votes cast supporting his continuation. Interestingly, his aunt Sugandha Hiremath and her family, who own about 35% of Hikal, also voted in his favour. Her action comes amid an…

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OECD sees India growing at 6.7% in FY26, S&P at 6.5%

NEW DELHI: The Organisation for Economic Cooperation and Development (OECD) on Tuesday lifted India’s economic growth forecast by 40 basis points for 2025-26, citing monetary and fiscal policy easing and reforms linked to the Goods and Services Tax (GST).“In India, higher tariff rates will weigh on the export sector, but overall activity is anticipated to…

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Rupee at all-time low! Currency slumps 45 paise to close at 88.73 against US dollar; Visa fee shock, FII outflows add pressure

The rupee depreciated 45 paise to settle at a fresh all-time low of 88.73 against the US dollar on Tuesday, weighed down by sustained foreign fund outflows and concerns over the steep hike in the US H-1B visa fee, which exporters fear will hit India’s IT services sector.Forex traders said the local currency extended losses…

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IATA study finds sufficient sustainable aviation fuel feedstock exists to achieve net zero emissions by 2050

MUMBAI: A new study by the International Air Transport Association (IATA) has concluded that the airline industry has access to sufficient sustainable feedstock to achieve its net-zero emissions goal by 2050. The study, however, identifies a significant bottleneck in the slow rollout of technology needed to convert these diverse feedstocks into sustainable aviation fuel (SAF),…

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