Bright News

CX Partners backed Research Player,  Veeda Clinical Research , is an independent, global full-service contract research organization (“CRO”) offering a comprehensive portfolio of services across various stages of the drug development value chain, has refiled its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (SEBI) to raise funds through Initial Public Offering (IPO). The Company had earlier filed its IPO papers with Sebi on September 27, 2021. The IPO, with a face value of Rs 2, is a mix of fresh issue of shares up to Rs 185 crore and an offer-for-sale up to 13 million equity shares by Promoter and Other Selling Shareholders. Offer for Sale consists of shareholders selling shares up to 3,493,895 equity shares by Basil Private Limited, up to 7,359,620 equity shares by Bondway Investments Inc., up to 810,000 equity shares by Dr. S N Vinaya Babu, up to 690,210 equity shares by Sabre Partners AIF Trust, up to 198,795 equity s...

Jaipur,  February 2, 2025  - The 3rd day of the Jaipur Literature Festival, presented by Vedanta, in association with Maruti Suzuki, and powered by Vedanta, was a mélange of fascinating conversations with the globe’s foremost writers. History. Who chases it, who knots it up together, and who contradicts it? In a highlight session that brought together some of the best names in fiction,  Nandini Nair  began by asking if fiction arises from the desire to chase history. For  Andrew O'Hagan , it is official histories that should provoke interrogation from writers.  David Nicholls  said he believes in the act of creating personal histories for his characters, which often means building emotional landscapes.  Jenny Erpenbeck  noted that fiction writing is an exercise in learning and that she has always confused research with speaking to various people for her novels.  V.V. Ganeshanathan’s  approach to character-building involves becoming ...

Embarking on a four-city tour, Seagram’s Royal Stag BoomBox – The Original Sound of Generation Large – blends a fusion of Bollywood melodies and hip-hop beats with art, culture and gaming experiences. Mumbai,  3rd February 2025 :  Celebrating the spirit of ‘Living it Large’, Seagram's Royal Stag marked the commencement of its highly anticipated third edition of Royal Stag BoomBox with a spectacular show at TMC Ground, Anand Nagar, Thane, Mumbai on February 1st. Building on the phenomenal success of previous editions, this year's festival pushes boundaries even further by bringing together the best of music and gaming entertainment. The evening witnessed an overwhelming response as thousands of enthusiasts gathered to experience performances by some of India's most celebrated artists. The event delivered an unforgettable night of pulsating music, enthralling performances, and unparalleled energy. The sprawling grounds of TMC Thane came alive with vibrant installations, immer...

"We commend the government’s strong focus on the holistic development of rural India in the Union Budget 2025-26. The initiative to transform India Post into a public logistics organisation is a significant step toward strengthening rural commerce and boosting entrepreneurship opportunities. With 1.5 lakh rural post offices and 2.4 lakh Dak Sevaks, this initiative will serve the needs of women entrepreneurs, self-help groups, MSMEs, and even large businesses. The presence of Dak Sevaks at the last mile will play a crucial role in driving employment-led growth and ensuring seamless access to financial and logistical services for underserved communities.  The launch of customized credit cards with a INR 5 lakh limit for micro-enterprises and a new scheme providing term loans of up to INR 2 crore for first-time women entrepreneurs from underrepresented communities will be game changers in promoting financial inclusion and inclusive development. These initiatives, along with support f...

“Union Budget presented by Hon. Finance Minister Smt. Nirmala Sitharaman puts India in the growth path to Viksit Bharat. The Budget reforms will help to realise India's domestic growth potential and unveil a new trade roadmap to navigate global uncertainties. GJEPC welcomes the recognition of exports as the 4th engine of growth and the new Export Promotion Mission with sectoral and ministerial targets, driven jointly by Union Commerce, Finance & MSME Ministries. This will facilitate easy access to export credit cross border and factor support to MSMEs to tackle non-tariff barriers in exports. GJEPC welcomes the digital public infrastructure, ‘BharatTradeNet’ (BTN) for international trade to be set-up as a unified platform for trade documentation and financing solutions. GJEPC further welcomes the proposal of creating of new tariff items in Chapter 71 so as to distinguish precious metals – containing 99.9% or more by weight of silver, containing 99.5% or more by weight of gold, ...

1) The government's decision to allow 100% FDI in insurance is a welcome move. It will attract more investments and create employment opportunities in India. However, its impact on the Indian market, driven largely by distribution, may be limited in the immediate future. 2) The reduction in tax structure is expected to increase disposable income and savings, benefiting the insurance sector as insurance awareness grows. Although the shift to the new tax regime may impact life insurers due to the loss of Section 80C tax benefits, the positive effect of higher disposable income is expected to offset this impact. 3) The removal of conditions for GIFT City insurance entities under Section 10(10D) will directly benefit Indian customers. As the first Indian insurer to set up operations in GIFT City, IndiaFirst Life is well-positioned to leverage this advantage. Additionally, changes to the current tax regime's threshold for taxing insurance policies - Rs 2.50 lakh for ULIPs and Rs 5 l...

"It seems that the budget was favorable to the clean energy sector.Make in India mission will establish India as a global renewable energy hub by reducing import dependence, creating jobs. Crucially, the budget emphasizes power sector reforms, incentivizing states to modernise distribution and transmission infrastructure i.e essential for seamlessly integrating RE sources into the grid and ensuring a stable power supply. The proposed PPP model for infrastructure development, coupled with substantial interest-free loans, will catalyse investments in RE projects.   The announcement of the Nuclear Energy Mission, with its focus on SMR R&D and a target of 100GW by 2047, demonstrates a balanced approach to clean energy. While solar, wind, and green hydrogen will be key, nuclear energy can play a complementary role in providing baseload power. The proposed amendments to the Atomic Energy Act and the Civil Liability for Nuclear Damage Act, along with greater private sector partic...

“The Union Budget 2025-26 reflects a strategic push towards financial inclusion, rural development, and MSME growth. Initiatives like the enhanced Kisan Credit Card limit to ₹5 lakh and new taxation reforms demonstrate a balanced approach to fostering economic empowerment. These measures are particularly encouraging for regions like the Northeast, where increased access to credit and financial services can drive entrepreneurship and community upliftment.” – Mr. Satish Kumar Kalra, MD & CEO, North East Small Finance Bank