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Trader relief as old bottled water stocks exempt from tax stamps surrender order

Nairobi, July 23 -- Stocks of bottled water manufactured or imported before July 1, 2026 have been exempted from a directive requiring traders and manufacturers to surrender all unused excise stamps a... Read More


EABL saga: The cost of regulatory uncertainty

Nairobi, July 23 -- Seven months ago, Asahi Group Holdings agreed to buy Diageo's controlling stake in East African Breweries - a $ 2.3 billion transaction, one of the largest cross-border deals the l... Read More


Co-founder of first budget airline Fly540 takes a bow, years after failed grand dream

Nairobi, July 23 -- Named after its launch fare of Sh5,540 on the Nairobi-Mombasa route in 2006, budget airline Fly540 had set out to prove that air travel in Kenya did not have to be a reserve for co... Read More


Tanzania to list debut shilling bond on London Stock Exchange

Tanzania, July 23 -- Dar es Salaam. Tanzania will on Friday, July 24, list its inaugural Tanzanian shilling-denominated offshore bond on the London Stock Exchange (LSE), marking a major step in the go... Read More


Delhi cuts processing time for 84 single window services

India, July 23 -- The Delhi Government has reduced the processing time for 84 services available on the Single Window System following a detailed study of 95 key services across 18 departments. Chief ... Read More


Pharma stocks fall; Aurobindo Pharma down over 4%

India, July 23 -- Pharma stocks declined on Wednesday, with Aurobindo Pharma tumbling over 4 per cent, after US President Donald Trump announced steep tariffs on imported generic medicines from August... Read More


Markets decline for 3rd day on higher oil prices

India, July 23 -- Benchmark indices Sensex and Nifty tumbled nearly 1 per cent on Wednesday, taking the losses to the third consecutive day, following a sharp spike in crude oil prices and selling in ... Read More


Launch cost cuts, space-grade manufacturing key as India eyes space ambitions: DoT official

India, July 23 -- Lowering launch costs through high-payload capabilities, indigenous production of critical space-grade components, and unlocking the downstream satellite data economy will be crucial... Read More


Eternal Q1 net profit jumps nearly four-fold to Rs 92 crore

India, July 23 -- Eternal Ltd, which runs businesses including Zomato and Blinkit, on Wednesday reported a nearly four-fold jump in consolidated net profit at Rs 92 crore in the first quarter ended Ju... Read More


Rahul backs students, targets Govt over paper leaks, student distress

India, July 23 -- A day after his sit-in in front of the Prime Minister's residence, Congress leader Rahul Gandhi on Wednesday accused the Union Government of destroying India's education system, expr... Read More