📢 Provident Fund Boost for 7.5 Crore Indians!
Your daily dose of business news
🗞️ Govt Raises Auto-Settlement Limit for PF Withdrawals
The government has increased the auto-settlement limit for PF withdrawals to ₹5 lakh, making it easier for employees to access their funds.
📌 Expert Opinion: Financial analysts believe this move will enhance liquidity for retirees and boost confidence in the EPFO system.
🗞️ Renault-Nissan Acquires 51% Stake in Indian Unit
Renault-Nissan has strengthened its India presence by acquiring a 51% stake in its local manufacturing unit, ensuring better control over production.
🗞️ Trump’s 25% Tariff Shake-Up in Auto Industry
A 25% tariff on Chinese auto imports is set to reshape the global car industry, with potential gains for India and other manufacturing hubs.
🗞️ ITC Acquires Aditya Birla’s Paper Business for ₹3,498 Cr
ITC has announced the acquisition of Aditya Birla’s pulp and paper unit, further strengthening its footprint in the packaging and paper industry.
🗞️ Haldiram’s Equity Round Expands with Alpha Wave & IHC
After securing Temasek as a strategic investor, Haldiram’s is adding Alpha Wave and IHC to its latest equity funding round.
🗞️ InVideo’s $70M ARR Growth Story
InVideo, a popular video-editing platform, has reached $70 million in ARR, thanks to its strong product-market fit and viral adoption.
📌 Expert Opinion: Industry leaders attribute this success to AI-driven content creation and a global user base.
🗞️ Dixon & Micromax Plan ₹1,000 Crore Investment
Electronics giants Dixon Technologies and Micromax are planning a ₹1,000 crore investment to expand operations.
🗞️ Banks Acquire ₹10,000 Cr in Corporate Loans
IndusInd Bank and two other banks have acquired over ₹10,000 crore in corporate loans, boosting their loan books.