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ECONOMY & POLICY

News & Events

S Paramasivan, Managing Director, Afcons, is the new Chairman of Project Export Promotion Council (PEPC), succeeding his Vice-Chairman role (2023-25). PEPC was established in 1984 by India’s Union Ministry of Commerce and Industry.Ajay Bhadoo has been appointed as the Chief Executi...

S Paramasivan, Managing Director, Afcons, is the new Chairman of Project Export Promotion Council (PEPC), succeeding his Vice-Chairman role (2023-25). PEPC was established in 1984 by India’s Union Ministry of Commerce and Industry.Ajay Bhadoo has been appointed as the Chief Executive Officer (CEO), Government e Marketplace (GeM). Currently serving as Additional Secretary in the Department of Commerce, he will take on this role alongside his existing responsibilities. An IAS officer of the 1999 Gujarat cadre, he brings over two decades of experience in policy and governance. Ravish Sharma has taken up the role of Deputy CEO & Whole-Time Director, Vedanta ESL. With two decades of experience, he has held several key leadership positions at Bharat Aluminium Company Limited (Vedanta), at Hindustan Zinc Limited (Vedanta) where he managed business development and operational strategies.Saunak Gupta has been appointed Chief Financial Officer (CFO), Indian Metals and Ferro Alloys (IMFA). Gupta brings 26 years of experience across Blue Star, Wipro, Berger Paints, and PwC, and his expertise spans mergers & acquisitions, strategic tie-ups, treasury management, and financial planning.

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Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group’s Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence’s long-term commitment to the Indian market and its support for the Indian Government’s Make in India initiative. The partnership’s current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the “Vulc..

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Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company’s growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

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Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association’s industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States� share of global activity below 15 per cent. Meanwhile, in..

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