India and the US are nearing a mini trade deal, with intensified negotiations ahead of a July 9 deadline. Talks have extended into their fifth day, with Indian negotiators likely to stay in the US until a breakthrough. India remains firm on limiting access to US farm, dairy, and GM products. If unresolved, Indian exports may face a 26% US reciprocal tariff.

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India, US inch closer to mini trade deal as talks enter day 5 to bridge gap

Megasoft Ltd.

Megasoft Ltd on Tuesday said its board has approved the proposed sale of the company’s entire 36.52% stake in Extrovis AG, Switzerland, for a total consideration of $15 million (approximately ₹128.4 crore), subject to exchange rate fluctuations. The deal is yet to be formalised, with the share purchase agreement (SPA) still pending execution.

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Megasoft to sell 36.52% stake in Swiss arm Extrovis AG for $15 million

The Indian government has ended the 100% waiver on inter-state transmission (ISTS) charges for solar and wind projects, replacing it with a phased reduction: 75% until 2026, 25% until 2028, and no waiver beyond 2028. This aims to incentivize timely project completion and support India's renewable energy targets, though industry concerns about increased costs persist.

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India puts an end to 100% waiver on ISTS charges for solar and wind project

Gaja Alternative Asset Management Limited, freshly rebranded as a public limited company in January 2025, has quietly filed a draft red herring prospectus (DRHP) with SEBI, signaling its intent to list, sources tell CNBC-TV18. The private equity firm, better known as Gaja Capital, is looking to raise fresh capital through the IPO.

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Gaja Capital’s IPO play: A coming-of-age moment for homegrown PE

Initial public offerings (IPOs) allow companies to raise capital by issuing shares to the public for the first time, transitioning from private to public. Follow-on public offerings (FPOs) enable already listed companies to raise additional funds. IPOs are riskier but offer higher potential returns, while FPOs are safer, with established track records.

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IPO vs FPO: Key differences every investor must know

Bambrew, a sustainable packaging startup, raised Rs 90 crore to expand globally. Zango secured $4.8 million to enhance its AI-driven regulatory compliance platform. Lamark Biotech raised Rs 6.5 crore to advance its biologics for chronic diseases. Loopworm closed $3.25 million to scale its silkworm-based protein production for diagnostics and vaccines.

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Bambrew, Zango, Lamark, Loopworm secure funding

SEBI proposes to remove lock-in requirements for sponsors converting private InvITs to public InvITs, aiming to ease business processes. Current rules mandate a 15% minimum sponsor contribution with an 18-month lock-in and a 1-year lock-in for excess units. SEBI seeks comments until July 22, 2025, to simplify regulations amid perpetual unitholding requirements introduced in August 2023.

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SEBI proposes changes in lockin for conversion from private InvIT to public

Tesla shares dropped 4% after President Trump suggested cutting subsidies for Elon Musk's companies. In a Truth Social post, Trump criticized Musk, implying without subsidies, Musk might close operations and return to South Africa. Trump referenced "DOGE," the Department of Government Efficiency Musk briefly led. SpaceX and Starlink, reliant on government policy, are also affected.

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Tesla shares tumble, Trump says DOGE should look at Elon Musk's subsidies

Sunil Kadam has been appointed as Executive Director of SEBI, overseeing key departments like ITD, OIAE, DEPA, and NISM-related matters. With over 25 years at SEBI, he has handled roles in surveillance, market regulation, and legal proceedings. Kadam holds an MBA and a postgraduate degree in Securities Law, contributing to committees like SCODA and OECD reports.

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Sunil Kadam takes charge as Executive Director of SEBI

Nazara Technologies Ltd.

Nodwin Gaming, a subsidiary of Nazara Technologies, has acquired a 92.3% stake in AFK Gaming for ₹7.58 crore, with ₹4.59 crore paid in cash and ₹2.99 crore via share swap. AFK Gaming's founders will join Nodwin's leadership, making AFK a wholly-owned subsidiary of Nodwin and a step-down subsidiary of Nazara Technologies.

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Nazara Tech arm Nodwin completes acquisition of 92.3% stake in AFK Gaming

Godrej Properties Ltd.

Mumbai-based developer Godrej Properties Limited (GPL) on Tuesday, July 1, said it has executed a share purchase agreement with Godrej Ventures and Investment Advisers Private Limited (GVAIAPL) and Vivrut Developers Private Limited (VDPL). Under the agreement, Godrej Properties has sold its 2.5% stake in Vivrut Developers Private to Godrej Ventures and Investment Advisers Private.

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Godrej Properties sells 2.5% stake in Vivrut Developers for ₹8.63 crore

SEBI has appointed Sunil Jayawant Kadam as its new executive director, effective at the Mumbai headquarters. Kadam, who previously served as chief general manager, will oversee key departments such as ITD, OIAE, DEPA, and others. With over 25 years at SEBI, he has expertise in forensic accounting, regulatory frameworks, and high-stakes legal proceedings.

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