Friday, September 18
New Delhi: Fresh company incorporations in Jammu & Kashmir (J&K) eased for the second straight month in June amid heightened India-Pakistan tensions in the aftermath of the Pahalgam terror attack and Operation Sindoor.Only 93 new companies were registered in J&K in June, a 22% decline from 119 a year before, showed the latest corporate affairs ministry data. Registrations fell by a similar 22% to 117 companies in May, reversing a 16% rise in April. In contrast, total incorporations of companies across India, year-on-year, jumped almost 49% in April, 29% in May, and 8% in June, showed the data.Despite the prevailing uncertainty, senior officials are anticipating a recovery in the business environment in J&K soon, underscoring strong medium-to-long term growth prospects.
New Delhi: The India-UK free trade agreement does not include a provision on Britain's proposed Carbon Border Adjustment Mechanism (CBAM) but if such a tax is imposed in the future, India will have the right to take steps to mitigate its impact on domestic exports, officials said Friday.CBAM is not in the pact as Britain has not yet notified the tax.The UK had in December 2023 decided to implement CBAM from 2027.The issue was flagged during the Comprehensive Economic and Trade Agreement (CETA) negotiations."If it is implemented and negates the trade benefits of India under the agreement, India will have the freedom to rebalance it. We can take counterbalancing measures. This much understanding has been made in the form of note verbale," said an official.A note verbale is a diplomatic commu
Gold prices in India have soared to near-record highs in July 2025, with MCX most active August futures prices touching ₹100,555 per 10 grams last week. This sharp rise is not an isolated domestic phenomenon but a reflection of a complex interplay of global market dynamics, currency fluctuations, and shifting demand patterns in major economies like China and India.Globally, gold has been on a strong upward trajectory, trading above $3,400 per ounce. This rally is fueled by persistent geopolitical tensions, central bank buying, and investor demand for safe-haven assets. Indian gold prices closely track international trends, but the impact is magnified by the exchange rate. The correlation remains strong, with domestic prices rising in tandem with global benchmarks, adjusted for import dut
Software-as-a-service (SaaS) company Amagi Media Labs Limited has filed Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (Sebi). The initial public offering (IPO) will be a mix of fresh issue and an offer for sale (OFS).The company plans to raise Rs 1,020 crores to be raised as fresh capital while selling shareholders will offer 3.41 crore equity shares. The company, in consultation with the Book Running Lead Managers (BRLMs) may consider a pre-IPO placement aggregating up to Rs 204 crores prior to filing of the Red Herring Prospectus with the ROC. If the Pre- IPO Placement is undertaken, then the fresh issue will be reduced to the extent of such Pre-IPO placement.About Amagi Media LabsThe Bengaluru-headquartered company was founded in 2008 b
