December 4, 2025

India Introduces Health Security se National Security Cess on Pan Masala Machines to Boost Funds

Finance Minister Nirmala Sitharaman introduced a new cess on pan masala production machines to fund health and national security. The bill, debated in Parliament, targets machines by production speed and pouch weight, aiming to reduce tobacco use and increase revenue.

December 4, 2025

HMDA Nets ₹3,078 Crore From Kokapet Neopolis Plot Auction, Hits Record ₹151.25 Crore per Acre

HMDA earned ₹3,078 crore from auctioning plots in Kokapet’s Neopolis layout, hitting a record price of ₹151.25 crore per acre. Total revenue from this cycle and Golden Mile auctions could reach ₹5,000 crore. The average price rose 87% over two years, settling at ₹137.36 crore per acre.

December 4, 2025

Centre Demands States Meet Conditions to Release Samagra Shiksha Funds, Says Dharmendra Pradhan

Union Education Minister Dharmendra Pradhan said states must satisfy scheme conditions to receive Samagra Shiksha funds. Pending dues worth ₹1,160.52 crore were highlighted. Tamil Nadu’s dues remain on hold, with calls for talks between State and Centre.

December 3, 2025

Vizhinjam International Seaport Turns 1, Handles 1.32 Million TEUs with Major Expansion Underway

Vizhinjam Port, run by Adani and Kerala govt, marks 1 year by handling 1.32 million TEUs and 615 vessels. Expansion to boost capacity over 4 million TEUs underway.

December 3, 2025

Prada Buys Versace in $1.38bn Deal, Below Previous $2bn Price

Prada has bought Versace for $1.38bn, a sharp drop from the $2bn Capri Holdings paid in 2018. The deal boosts Prada’s luxury brands and helps Capri cut debt.