July 16, 2026

File photo: Ficci president Anant Goenka Ficci president Anant Goenka, who is the vice-chairman of the RPG Group, believes that the economic momentum is sustaining, especially after oil prices moderated. He tells TOI that the trade deals are positive and it is now for industry to take advantage of it. Excerpts:What is your assessment of the first quarter performance of the corporate sector?Overall demand continues to be robust and growth remains good. So, despite inflationary impact, the positive momentum that we saw post GST 2.0 continues to be good: a good 3-4% uplift on the previous baseline levels. Margin impact is going to be there, but it will be fairly mixed. Sectors that have seen generally good momentum would be automotive, banking, telecom. IT remains under pressure. But on margin side, particularly manufacturing sector, there is stress and it will continue, possibly, into Q2, because of inventory.How much uncertainty is there because of what happens to the US tariffs as the 10% tariffs will be removed this month?Section 301 will also bring in around a similar level of tariff, 10-12%. It’s an important relationship for us and we are working closely. What I understand is that we are looking at a competitive advantage and that’s where we are holding on, but it’s really the last leg of discussions. It is our largest export market and Indian exporters are also diversifying into other markets and trade deals are being implemented.The UK FTA kicked in on Wednesday, and there are others in the pipeline. Is industry prepared in terms of capacity addition and other things to meet the additional demand?The potential is very large. A lot of B2B partnership connections have been established and it will get more intense when these agreements get going. Once industry sees around 80% capacity utilisation, it goes for the next level of capacity. I don’t think capacity is going to be going up saying, okay, FTA is coming in.The few areas of focus for us will be making sure, from a business side, we are working on building relationships, quality improvement. It is from the business side that we have to really work on making sure that we convert these agreements into actual action. Once these frameworks are set, we will be able to take advantage of it. We have a very small share of UK imports, and there is tremendous opportunity for us across sectors, be it textiles or footwear or other sectors. The other thing is the comprehensiveness of this agreement really makes it a model agreement for all. It’s just not trade, but movement of people, social security benefits, IP protection, review mechanisms.Overall capacity addition has been a concern for govt. Do you see a pickup or will the war impact it?Last year, private capex was around Rs 6 lakh crore. So, investment continues. The point is, just the uncertainty that happened because of the war and inflation, although GST injected a lot of momentum. In my own company, whatever we anticipated by 2028-29 is already happening. So, we are going ahead with substantially more capex than we had planned as demand is exceeding supply.There are concerns of goods being dumped from China. Is there a need to step up trade defence mechanism, such as anti-dumping duty?There is fair amount of overcapacity, particularly in China, and we are seeing increased dumping. There are industries where DGTR has been able to establish injury because of dumping. A large share of those (recommendations) have not been accepted, or have been rejected. From industry side, it would be good to get some more clarity on the reason for rejection.Get the latest India news and live updates. Download the TOI App.End of ArticleFollow Us On Social MediaVideosBageshwar Baba Dhirendra Shastri’s Brother Arrested For Firing At Farmer In Madhya Pradesh’Abhishek Has Done No Wrong’: Mamata Banerjee Defends Nephew Amid TMC Rebellion“Party Is Sinking”: Mamata’s Loyalist Crosses Over To Ritabrata Camp; TMC Crack Deepens’Serious Risk’ To India’s Largest Nuclear Plant Kudankulam After Files Leaked On Dark Web: ReportRahul Gandhi Steps In As Punjab Congress Infighting Threatens 2027 Election PreparationsExplained: Why PM Modi’s July 17 Punjab Visit Is Politically Crucial Ahead Of Assembly ElectionsHigh Profile Political Meeting Rekindle Talk Of NCP Unity In Maharashtra; Patil Denies BuzzKGMU Bars Cooking Of Non-Veg Food In Hostels After Governor Flags Issue At ConvocationIndia-UK FTA: What Gets Cheaper, How Exporters Benefit And Why The Deal MattersTMC Rift Deepens As Kalyan Banerjee Launches Fresh Attack On Abhishek And I-PAC123Photostories5 long-haired dog breeds that win hearts with their looks and personalityLooking for better health? Repeat these 10 powerful affirmations every dayWorld’s 10 most peaceful countries in 2026: Safe, scenic and travel-friendlyEye doctor reveals the 7 everyday habits they never skip to protect their vision, and why these simple daily choices matter9 Vastu Tips to Attract Love into Your LifeWhy the Adhar Pana prasad of Jagannath Rath Yatra is spilled on the floor and humans are forbidden to consume itYoung, slim, and feeling perfectly fine? Why more Indians are being diagnosed with prediabetes without any warning signsThese 5 giant pet cats are so big, people mistake them for wild animals10 baby girl names inspired by Japanese seasons and cherry blossom traditions“Send your child far away…”: Acharya Prashant says this one parenting decision can help children grow into independent adults123Hot PicksNBA Trade RumorsHow to Watch FIFA World CupMichael JordanKylian MbappeBengaluru ProfessorCarol RuckdeschelRussia Saction BillNBA tradeMinecraft Bedrock 26.40.31 BetaTop TrendingIND U19 vs SL U19Prashant KishorFIFA World Cup 2026Nitin GadkariBengaluru Student SuicideTwisha Sharma Murder CaseLeo CarlssonTaslima NasrinGujarat RapeIran war

Vamsikrishna04 mins mins
File photo: Ficci president Anant Goenka Ficci president Anant Goenka, who is the vice-chairman of the RPG Group, believes that the economic momentum is sustaining, especially after oil prices moderated. He tells TOI that the trade deals are positive and it is now for industry to take advantage of it. Excerpts:What is your assessment of the first quarter performance of the corporate sector?Overall demand continues to be robust and growth remains good. So, despite inflationary impact, the positive momentum that we saw post GST 2.0 continues to be good: a good 3-4% uplift on the previous baseline levels. Margin impact is going to be there, but it will be fairly mixed. Sectors that have seen generally good momentum would be automotive, banking, telecom. IT remains under pressure. But on margin side, particularly manufacturing sector, there is stress and it will continue, possibly, into Q2, because of inventory.How much uncertainty is there because of what happens to the US tariffs as the 10% tariffs will be removed this month?Section 301 will also bring in around a similar level of tariff, 10-12%. It’s an important relationship for us and we are working closely. What I understand is that we are looking at a competitive advantage and that’s where we are holding on, but it’s really the last leg of discussions. It is our largest export market and Indian exporters are also diversifying into other markets and trade deals are being implemented.The UK FTA kicked in on Wednesday, and there are others in the pipeline. Is industry prepared in terms of capacity addition and other things to meet the additional demand?The potential is very large. A lot of B2B partnership connections have been established and it will get more intense when these agreements get going. Once industry sees around 80% capacity utilisation, it goes for the next level of capacity. I don’t think capacity is going to be going up saying, okay, FTA is coming in.The few areas of focus for us will be making sure, from a business side, we are working on building relationships, quality improvement. It is from the business side that we have to really work on making sure that we convert these agreements into actual action. Once these frameworks are set, we will be able to take advantage of it. We have a very small share of UK imports, and there is tremendous opportunity for us across sectors, be it textiles or footwear or other sectors. The other thing is the comprehensiveness of this agreement really makes it a model agreement for all. It’s just not trade, but movement of people, social security benefits, IP protection, review mechanisms.Overall capacity addition has been a concern for govt. Do you see a pickup or will the war impact it?Last year, private capex was around Rs 6 lakh crore. So, investment continues. The point is, just the uncertainty that happened because of the war and inflation, although GST injected a lot of momentum. In my own company, whatever we anticipated by 2028-29 is already happening. So, we are going ahead with substantially more capex than we had planned as demand is exceeding supply.There are concerns of goods being dumped from China. Is there a need to step up trade defence mechanism, such as anti-dumping duty?There is fair amount of overcapacity, particularly in China, and we are seeing increased dumping. There are industries where DGTR has been able to establish injury because of dumping. A large share of those (recommendations) have not been accepted, or have been rejected. From industry side, it would be good to get some more clarity on the reason for rejection.Get the latest India news and live updates. Download the TOI App.End of ArticleFollow Us On Social MediaVideosBageshwar Baba Dhirendra Shastri’s Brother Arrested For Firing At Farmer In Madhya Pradesh’Abhishek Has Done No Wrong’: Mamata Banerjee Defends Nephew Amid TMC Rebellion“Party Is Sinking”: Mamata’s Loyalist Crosses Over To Ritabrata Camp; TMC Crack Deepens’Serious Risk’ To India’s Largest Nuclear Plant Kudankulam After Files Leaked On Dark Web: ReportRahul Gandhi Steps In As Punjab Congress Infighting Threatens 2027 Election PreparationsExplained: Why PM Modi’s July 17 Punjab Visit Is Politically Crucial Ahead Of Assembly ElectionsHigh Profile Political Meeting Rekindle Talk Of NCP Unity In Maharashtra; Patil Denies BuzzKGMU Bars Cooking Of Non-Veg Food In Hostels After Governor Flags Issue At ConvocationIndia-UK FTA: What Gets Cheaper, How Exporters Benefit And Why The Deal MattersTMC Rift Deepens As Kalyan Banerjee Launches Fresh Attack On Abhishek And I-PAC123Photostories5 long-haired dog breeds that win hearts with their looks and personalityLooking for better health? Repeat these 10 powerful affirmations every dayWorld’s 10 most peaceful countries in 2026: Safe, scenic and travel-friendlyEye doctor reveals the 7 everyday habits they never skip to protect their vision, and why these simple daily choices matter9 Vastu Tips to Attract Love into Your LifeWhy the Adhar Pana prasad of Jagannath Rath Yatra is spilled on the floor and humans are forbidden to consume itYoung, slim, and feeling perfectly fine? Why more Indians are being diagnosed with prediabetes without any warning signsThese 5 giant pet cats are so big, people mistake them for wild animals10 baby girl names inspired by Japanese seasons and cherry blossom traditions“Send your child far away…”: Acharya Prashant says this one parenting decision can help children grow into independent adults123Hot PicksNBA Trade RumorsHow to Watch FIFA World CupMichael JordanKylian MbappeBengaluru ProfessorCarol RuckdeschelRussia Saction BillNBA tradeMinecraft Bedrock 26.40.31 BetaTop TrendingIND U19 vs SL U19Prashant KishorFIFA World Cup 2026Nitin GadkariBengaluru Student SuicideTwisha Sharma Murder CaseLeo CarlssonTaslima NasrinGujarat RapeIran war


Ficci chief: It's for industry to take advantage of FTAs
File photo: Ficci president Anant Goenka

Ficci president Anant Goenka, who is the vice-chairman of the RPG Group, believes that the economic momentum is sustaining, especially after oil prices moderated. He tells TOI that the trade deals are positive and it is now for industry to take advantage of it. Excerpts:What is your assessment of the first quarter performance of the corporate sector?Overall demand continues to be robust and growth remains good. So, despite inflationary impact, the positive momentum that we saw post GST 2.0 continues to be good: a good 3-4% uplift on the previous baseline levels. Margin impact is going to be there, but it will be fairly mixed. Sectors that have seen generally good momentum would be automotive, banking, telecom. IT remains under pressure. But on margin side, particularly manufacturing sector, there is stress and it will continue, possibly, into Q2, because of inventory.How much uncertainty is there because of what happens to the US tariffs as the 10% tariffs will be removed this month?Section 301 will also bring in around a similar level of tariff, 10-12%. It’s an important relationship for us and we are working closely. What I understand is that we are looking at a competitive advantage and that’s where we are holding on, but it’s really the last leg of discussions. It is our largest export market and Indian exporters are also diversifying into other markets and trade deals are being implemented.

Ficci chief: It’s for industry to take advantage of FTAs

The UK FTA kicked in on Wednesday, and there are others in the pipeline. Is industry prepared in terms of capacity addition and other things to meet the additional demand?The potential is very large. A lot of B2B partnership connections have been established and it will get more intense when these agreements get going. Once industry sees around 80% capacity utilisation, it goes for the next level of capacity. I don’t think capacity is going to be going up saying, okay, FTA is coming in.The few areas of focus for us will be making sure, from a business side, we are working on building relationships, quality improvement. It is from the business side that we have to really work on making sure that we convert these agreements into actual action. Once these frameworks are set, we will be able to take advantage of it. We have a very small share of UK imports, and there is tremendous opportunity for us across sectors, be it textiles or footwear or other sectors. The other thing is the comprehensiveness of this agreement really makes it a model agreement for all. It’s just not trade, but movement of people, social security benefits, IP protection, review mechanisms.Overall capacity addition has been a concern for govt. Do you see a pickup or will the war impact it?Last year, private capex was around Rs 6 lakh crore. So, investment continues. The point is, just the uncertainty that happened because of the war and inflation, although GST injected a lot of momentum. In my own company, whatever we anticipated by 2028-29 is already happening. So, we are going ahead with substantially more capex than we had planned as demand is exceeding supply.There are concerns of goods being dumped from China. Is there a need to step up trade defence mechanism, such as anti-dumping duty?There is fair amount of overcapacity, particularly in China, and we are seeing increased dumping. There are industries where DGTR has been able to establish injury because of dumping. A large share of those (recommendations) have not been accepted, or have been rejected. From industry side, it would be good to get some more clarity on the reason for rejection.



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MOTIHARI: At the age of 68, when most people begin slowing down, Habiban Khatoon stepped into a courtroom to fight for what she believed was rightfully hers – possession of 1 katha and 4 dhur of land. She finally received justice 35 years later, at the age of 103.The order led to celebrations in the family of Habiban, a resident of Bihar’s East Champaran district, who fought the decades-long legal battle against all odds. Their only regret is that her husband, Naimullah Ansari, is no longer alive to witness the moment. The dispute dates back to 1993, when Habiban’s eldest son Rahamtullah bought a plot of land from a villager, Afaque Ahmad, in his mother’s name. His cousin, Liaquat Hussain, too bought the same piece of land from Afaque two days after the registration of Habiban’s deed and took possession of it.Habiban filed a title suit against Liaquat in the court of Motihari sadar munsif in March 1994. After years of proceedings, she finally got a favourable order, but Liaquat challenged it before the district judge’s court in 2004. As the district judge also ruled in her favour, Liaquat moved HC in 2014. The HC, too ruled against him, but Habiban’s wait continued. She approached the sadar munsif court in 2014, seeking possession of the land. But the proceedings were delayed because of transfer of sadar munsifs and then Covid. After nearly 12 years, the proceedings finally became active again and she got possession of the land on Tuesday. However, justice came at a heavy cost as she had to sell all her valuables to bear the legal expenses. – Chandra Bhushan PandeyGet the latest India news and live updates. Download the TOI App.About the AuthorChandra Bhushan PandeyAssociated with TOI for the last 25 years. A postgraduate in Political Science from BRA BU Muzaffarpur, I cover India-Nepal border news and activities of cross-border smuggling of arms, fake currency and narcotics, Integrated custom check post, Terrorist activities, college and university news, Civic, cultural affairs, flood and drought, agriculture news, Irrigation system, sports and other spot news.Read MoreEnd of ArticleFollow Us On Social MediaVideosBageshwar Baba Dhirendra Shastri’s Brother Arrested For Firing At Farmer In Madhya Pradesh’Abhishek Has Done No Wrong’: Mamata Banerjee Defends Nephew Amid TMC Rebellion“Party Is Sinking”: Mamata’s Loyalist Crosses Over To Ritabrata Camp; TMC Crack Deepens’Serious Risk’ To India’s Largest Nuclear Plant Kudankulam After Files Leaked On Dark Web: ReportRahul Gandhi Steps In As Punjab Congress Infighting Threatens 2027 Election PreparationsExplained: Why PM Modi’s July 17 Punjab Visit Is Politically Crucial Ahead Of Assembly ElectionsHigh Profile Political Meeting Rekindle Talk Of NCP Unity In Maharashtra; Patil Denies BuzzKGMU Bars Cooking Of Non-Veg Food In Hostels After Governor Flags Issue At ConvocationIndia-UK FTA: What Gets Cheaper, How Exporters Benefit And Why The Deal MattersTMC Rift Deepens As Kalyan Banerjee Launches Fresh Attack On Abhishek And I-PAC123Photostories5 long-haired dog breeds that win hearts with their looks and personalityLooking for better health? Repeat these 10 powerful affirmations every dayWorld’s 10 most peaceful countries in 2026: Safe, scenic and travel-friendlyEye doctor reveals the 7 everyday habits they never skip to protect their vision, and why these simple daily choices matter9 Vastu Tips to Attract Love into Your LifeWhy the Adhar Pana prasad of Jagannath Rath Yatra is spilled on the floor and humans are forbidden to consume itYoung, slim, and feeling perfectly fine? Why more Indians are being diagnosed with prediabetes without any warning signsThese 5 giant pet cats are so big, people mistake them for wild animals10 baby girl names inspired by Japanese seasons and cherry blossom traditions“Send your child far away…”: Acharya Prashant says this one parenting decision can help children grow into independent adults123Hot PicksNBA Trade RumorsHow to Watch FIFA World CupMichael JordanKylian MbappeBengaluru ProfessorCarol RuckdeschelRussia Saction BillNBA tradeMinecraft Bedrock 26.40.31 BetaTop TrendingIND U19 vs SL U19Prashant KishorFIFA World Cup 2026Nitin GadkariBengaluru Student SuicideTwisha Sharma Murder CaseLeo CarlssonTaslima NasrinGujarat RapeIran war

MOTIHARI: At the age of 68, when most people begin slowing down, Habiban Khatoon stepped into a courtroom to fight for what she believed was rightfully hers – possession of 1 katha and 4 dhur of land. She finally received justice 35 years later, at the age of 103.The order led to celebrations in the family of Habiban, a resident of Bihar’s East Champaran district, who fought the decades-long legal battle against all odds. Their only regret is that her husband, Naimullah Ansari, is no longer alive to witness the moment. The dispute dates back to 1993, when Habiban’s eldest son Rahamtullah bought a plot of land from a villager, Afaque Ahmad, in his mother’s name. His cousin, Liaquat Hussain, too bought the same piece of land from Afaque two days after the registration of Habiban’s deed and took possession of it.Habiban filed a title suit against Liaquat in the court of Motihari sadar munsif in March 1994. After years of proceedings, she finally got a favourable order, but Liaquat challenged it before the district judge’s court in 2004. As the district judge also ruled in her favour, Liaquat moved HC in 2014. The HC, too ruled against him, but Habiban’s wait continued. She approached the sadar munsif court in 2014, seeking possession of the land. But the proceedings were delayed because of transfer of sadar munsifs and then Covid. After nearly 12 years, the proceedings finally became active again and she got possession of the land on Tuesday. However, justice came at a heavy cost as she had to sell all her valuables to bear the legal expenses. – Chandra Bhushan PandeyGet the latest India news and live updates. Download the TOI App.About the AuthorChandra Bhushan PandeyAssociated with TOI for the last 25 years. A postgraduate in Political Science from BRA BU Muzaffarpur, I cover India-Nepal border news and activities of cross-border smuggling of arms, fake currency and narcotics, Integrated custom check post, Terrorist activities, college and university news, Civic, cultural affairs, flood and drought, agriculture news, Irrigation system, sports and other spot news.Read MoreEnd of ArticleFollow Us On Social MediaVideosBageshwar Baba Dhirendra Shastri’s Brother Arrested For Firing At Farmer In Madhya Pradesh’Abhishek Has Done No Wrong’: Mamata Banerjee Defends Nephew Amid TMC Rebellion“Party Is Sinking”: Mamata’s Loyalist Crosses Over To Ritabrata Camp; TMC Crack Deepens’Serious Risk’ To India’s Largest Nuclear Plant Kudankulam After Files Leaked On Dark Web: ReportRahul Gandhi Steps In As Punjab Congress Infighting Threatens 2027 Election PreparationsExplained: Why PM Modi’s July 17 Punjab Visit Is Politically Crucial Ahead Of Assembly ElectionsHigh Profile Political Meeting Rekindle Talk Of NCP Unity In Maharashtra; Patil Denies BuzzKGMU Bars Cooking Of Non-Veg Food In Hostels After Governor Flags Issue At ConvocationIndia-UK FTA: What Gets Cheaper, How Exporters Benefit And Why The Deal MattersTMC Rift Deepens As Kalyan Banerjee Launches Fresh Attack On Abhishek And I-PAC123Photostories5 long-haired dog breeds that win hearts with their looks and personalityLooking for better health? Repeat these 10 powerful affirmations every dayWorld’s 10 most peaceful countries in 2026: Safe, scenic and travel-friendlyEye doctor reveals the 7 everyday habits they never skip to protect their vision, and why these simple daily choices matter9 Vastu Tips to Attract Love into Your LifeWhy the Adhar Pana prasad of Jagannath Rath Yatra is spilled on the floor and humans are forbidden to consume itYoung, slim, and feeling perfectly fine? Why more Indians are being diagnosed with prediabetes without any warning signsThese 5 giant pet cats are so big, people mistake them for wild animals10 baby girl names inspired by Japanese seasons and cherry blossom traditions“Send your child far away…”: Acharya Prashant says this one parenting decision can help children grow into independent adults123Hot PicksNBA Trade RumorsHow to Watch FIFA World CupMichael JordanKylian MbappeBengaluru ProfessorCarol RuckdeschelRussia Saction BillNBA tradeMinecraft Bedrock 26.40.31 BetaTop TrendingIND U19 vs SL U19Prashant KishorFIFA World Cup 2026Nitin GadkariBengaluru Student SuicideTwisha Sharma Murder CaseLeo CarlssonTaslima NasrinGujarat RapeIran war

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Representative image MUMBAI: Home Credit India Finance, a subsidiary of TVS Holdings, signed a share purchase agreement on Wednesday, to acquire Varthana Finance which specialises in lending for education, in an all-cash deal valued at Rs 967 crore.The transaction will result in Varthana becoming a wholly owned subsidiary of Home Credit India, and a step-down wholly owned subsidiary of TVS Holdings after completion. Besides Home Credit, TVS group has a presence in financial services through TVS Credit Services, with offerings across consumer, retail, and commercial finance.The acquisition is expected to help diversify the portfolio, improve business mix, and create synergies in distribution, technology, and risk management.The acquisition is subject to regulatory approvals, is expected to conclude within nine months from the execution of the SPA. The transaction is in the non-banking financial services sector and aims to expand the acquirer’s presence in secured and longer-tenure lending.Get the latest India news and live updates. Download the TOI App.End of ArticleFollow Us On Social MediaVideosBageshwar Baba Dhirendra Shastri’s Brother Arrested For Firing At Farmer In Madhya Pradesh’Abhishek Has Done No Wrong’: Mamata Banerjee Defends Nephew Amid TMC Rebellion“Party Is Sinking”: Mamata’s Loyalist Crosses Over To Ritabrata Camp; TMC Crack Deepens’Serious Risk’ To India’s Largest Nuclear Plant Kudankulam After Files Leaked On Dark Web: ReportRahul Gandhi Steps In As Punjab Congress Infighting Threatens 2027 Election PreparationsExplained: Why PM Modi’s July 17 Punjab Visit Is Politically Crucial Ahead Of Assembly ElectionsHigh Profile Political Meeting Rekindle Talk Of NCP Unity In Maharashtra; Patil Denies BuzzKGMU Bars Cooking Of Non-Veg Food In Hostels After Governor Flags Issue At ConvocationIndia-UK FTA: What Gets Cheaper, How Exporters Benefit And Why The Deal MattersTMC Rift Deepens As Kalyan Banerjee Launches Fresh Attack On Abhishek And I-PAC123Photostories5 long-haired dog breeds that win hearts with their looks and personalityLooking for better health? Repeat these 10 powerful affirmations every dayWorld’s 10 most peaceful countries in 2026: Safe, scenic and travel-friendlyEye doctor reveals the 7 everyday habits they never skip to protect their vision, and why these simple daily choices matter9 Vastu Tips to Attract Love into Your LifeWhy the Adhar Pana prasad of Jagannath Rath Yatra is spilled on the floor and humans are forbidden to consume itYoung, slim, and feeling perfectly fine? Why more Indians are being diagnosed with prediabetes without any warning signsThese 5 giant pet cats are so big, people mistake them for wild animals10 baby girl names inspired by Japanese seasons and cherry blossom traditions“Send your child far away…”: Acharya Prashant says this one parenting decision can help children grow into independent adults123Hot PicksNBA Trade RumorsHow to Watch FIFA World CupMichael JordanKylian MbappeBengaluru ProfessorCarol RuckdeschelRussia Saction BillNBA tradeMinecraft Bedrock 26.40.31 BetaTop TrendingIND U19 vs SL U19Prashant KishorFIFA World Cup 2026Nitin GadkariBengaluru Student SuicideTwisha Sharma Murder CaseLeo CarlssonTaslima NasrinGujarat RapeIran war

Representative image MUMBAI: Home Credit India Finance, a subsidiary of TVS Holdings, signed a share purchase agreement on Wednesday, to acquire Varthana Finance which specialises in lending for education, in an all-cash deal valued at Rs 967 crore.The transaction will result in Varthana becoming a wholly owned subsidiary of Home Credit India, and a step-down wholly owned subsidiary of TVS Holdings after completion. Besides Home Credit, TVS group has a presence in financial services through TVS Credit Services, with offerings across consumer, retail, and commercial finance.The acquisition is expected to help diversify the portfolio, improve business mix, and create synergies in distribution, technology, and risk management.The acquisition is subject to regulatory approvals, is expected to conclude within nine months from the execution of the SPA. The transaction is in the non-banking financial services sector and aims to expand the acquirer’s presence in secured and longer-tenure lending.Get the latest India news and live updates. Download the TOI App.End of ArticleFollow Us On Social MediaVideosBageshwar Baba Dhirendra Shastri’s Brother Arrested For Firing At Farmer In Madhya Pradesh’Abhishek Has Done No Wrong’: Mamata Banerjee Defends Nephew Amid TMC Rebellion“Party Is Sinking”: Mamata’s Loyalist Crosses Over To Ritabrata Camp; TMC Crack Deepens’Serious Risk’ To India’s Largest Nuclear Plant Kudankulam After Files Leaked On Dark Web: ReportRahul Gandhi Steps In As Punjab Congress Infighting Threatens 2027 Election PreparationsExplained: Why PM Modi’s July 17 Punjab Visit Is Politically Crucial Ahead Of Assembly ElectionsHigh Profile Political Meeting Rekindle Talk Of NCP Unity In Maharashtra; Patil Denies BuzzKGMU Bars Cooking Of Non-Veg Food In Hostels After Governor Flags Issue At ConvocationIndia-UK FTA: What Gets Cheaper, How Exporters Benefit And Why The Deal MattersTMC Rift Deepens As Kalyan Banerjee Launches Fresh Attack On Abhishek And I-PAC123Photostories5 long-haired dog breeds that win hearts with their looks and personalityLooking for better health? Repeat these 10 powerful affirmations every dayWorld’s 10 most peaceful countries in 2026: Safe, scenic and travel-friendlyEye doctor reveals the 7 everyday habits they never skip to protect their vision, and why these simple daily choices matter9 Vastu Tips to Attract Love into Your LifeWhy the Adhar Pana prasad of Jagannath Rath Yatra is spilled on the floor and humans are forbidden to consume itYoung, slim, and feeling perfectly fine? Why more Indians are being diagnosed with prediabetes without any warning signsThese 5 giant pet cats are so big, people mistake them for wild animals10 baby girl names inspired by Japanese seasons and cherry blossom traditions“Send your child far away…”: Acharya Prashant says this one parenting decision can help children grow into independent adults123Hot PicksNBA Trade RumorsHow to Watch FIFA World CupMichael JordanKylian MbappeBengaluru ProfessorCarol RuckdeschelRussia Saction BillNBA tradeMinecraft Bedrock 26.40.31 BetaTop TrendingIND U19 vs SL U19Prashant KishorFIFA World Cup 2026Nitin GadkariBengaluru Student SuicideTwisha Sharma Murder CaseLeo CarlssonTaslima NasrinGujarat RapeIran war

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File photo: Supreme Court of India NEW DELHI: Supreme Court has taken exception to the recent order of Patna high court that removing a woman’s salwar and pressing her breasts do not constitute attempt to rape.Patna high court had held that the acts amounted to the offence of outraging a woman’s modesty and quashed a man’s conviction for attempt to rape.The matter was raised before a CJI Surya Kant-led bench by senior lawyer Shobha Gupta, who said such objectionable orders were being passed regularly.Taking note of the high court order passed on July 9, the bench expressed serious concern and said that judges should conduct research and take note of apex court rulings.”It is directed that all courts shall follow the expression contained in the handbook. States to issue instructions to all police stations to follow handbooks while registering FIR and filing chargesheet. We will upload a reasoned judgement also,” the bench said, while approving a report prepared by National Judicial Academy’s expert committee which contains guidelines on judicial sensitivity in sexual offence cases.Supreme Court has been expressing concerns over observations by judges and taken suo motu cognisance in two cases. Last year, Allahabad high court ruled that grabbing a child’s breasts, breaking the drawstrings of her pajamas and attempting to drag her beneath a culvert do not constitute the offence of rape or attempt to rape. In another case, Allahabad high court, while granting bail to an accused in a rape case, said the complainant had “herself invited trouble” by agreeing to go to the applicant’s house after getting drunk.Get the latest India news and live updates. Download the TOI App.End of ArticleFollow Us On Social MediaVideosBageshwar Baba Dhirendra Shastri’s Brother Arrested For Firing At Farmer In Madhya Pradesh’Abhishek Has Done No Wrong’: Mamata Banerjee Defends Nephew Amid TMC Rebellion“Party Is Sinking”: Mamata’s Loyalist Crosses Over To Ritabrata Camp; TMC Crack Deepens’Serious Risk’ To India’s Largest Nuclear Plant Kudankulam After Files Leaked On Dark Web: ReportRahul Gandhi Steps In As Punjab Congress Infighting Threatens 2027 Election PreparationsExplained: Why PM Modi’s July 17 Punjab Visit Is Politically Crucial Ahead Of Assembly ElectionsHigh Profile Political Meeting Rekindle Talk Of NCP Unity In Maharashtra; Patil Denies BuzzKGMU Bars Cooking Of Non-Veg Food In Hostels After Governor Flags Issue At ConvocationIndia-UK FTA: What Gets Cheaper, How Exporters Benefit And Why The Deal MattersTMC Rift Deepens As Kalyan Banerjee Launches Fresh Attack On Abhishek And I-PAC123Photostories5 long-haired dog breeds that win hearts with their looks and personalityLooking for better health? Repeat these 10 powerful affirmations every dayWorld’s 10 most peaceful countries in 2026: Safe, scenic and travel-friendlyEye doctor reveals the 7 everyday habits they never skip to protect their vision, and why these simple daily choices matter9 Vastu Tips to Attract Love into Your LifeWhy the Adhar Pana prasad of Jagannath Rath Yatra is spilled on the floor and humans are forbidden to consume itYoung, slim, and feeling perfectly fine? Why more Indians are being diagnosed with prediabetes without any warning signsThese 5 giant pet cats are so big, people mistake them for wild animals10 baby girl names inspired by Japanese seasons and cherry blossom traditions“Send your child far away…”: Acharya Prashant says this one parenting decision can help children grow into independent adults123Hot PicksNBA Trade RumorsHow to Watch FIFA World CupMichael JordanKylian MbappeBengaluru ProfessorCarol RuckdeschelRussia Saction BillNBA tradeMinecraft Bedrock 26.40.31 BetaTop TrendingIND U19 vs SL U19Prashant KishorFIFA World Cup 2026Nitin GadkariBengaluru Student SuicideTwisha Sharma Murder CaseLeo CarlssonTaslima NasrinGujarat RapeIran war

File photo: Supreme Court of India NEW DELHI: Supreme Court has taken exception to the recent order of Patna high court that removing a woman’s salwar and pressing her breasts do not constitute attempt to rape.Patna high court had held that the acts amounted to the offence of outraging a woman’s modesty and quashed a man’s conviction for attempt to rape.The matter was raised before a CJI Surya Kant-led bench by senior lawyer Shobha Gupta, who said such objectionable orders were being passed regularly.Taking note of the high court order passed on July 9, the bench expressed serious concern and said that judges should conduct research and take note of apex court rulings.”It is directed that all courts shall follow the expression contained in the handbook. States to issue instructions to all police stations to follow handbooks while registering FIR and filing chargesheet. We will upload a reasoned judgement also,” the bench said, while approving a report prepared by National Judicial Academy’s expert committee which contains guidelines on judicial sensitivity in sexual offence cases.Supreme Court has been expressing concerns over observations by judges and taken suo motu cognisance in two cases. Last year, Allahabad high court ruled that grabbing a child’s breasts, breaking the drawstrings of her pajamas and attempting to drag her beneath a culvert do not constitute the offence of rape or attempt to rape. In another case, Allahabad high court, while granting bail to an accused in a rape case, said the complainant had “herself invited trouble” by agreeing to go to the applicant’s house after getting drunk.Get the latest India news and live updates. Download the TOI App.End of ArticleFollow Us On Social MediaVideosBageshwar Baba Dhirendra Shastri’s Brother Arrested For Firing At Farmer In Madhya Pradesh’Abhishek Has Done No Wrong’: Mamata Banerjee Defends Nephew Amid TMC Rebellion“Party Is Sinking”: Mamata’s Loyalist Crosses Over To Ritabrata Camp; TMC Crack Deepens’Serious Risk’ To India’s Largest Nuclear Plant Kudankulam After Files Leaked On Dark Web: ReportRahul Gandhi Steps In As Punjab Congress Infighting Threatens 2027 Election PreparationsExplained: Why PM Modi’s July 17 Punjab Visit Is Politically Crucial Ahead Of Assembly ElectionsHigh Profile Political Meeting Rekindle Talk Of NCP Unity In Maharashtra; Patil Denies BuzzKGMU Bars Cooking Of Non-Veg Food In Hostels After Governor Flags Issue At ConvocationIndia-UK FTA: What Gets Cheaper, How Exporters Benefit And Why The Deal MattersTMC Rift Deepens As Kalyan Banerjee Launches Fresh Attack On Abhishek And I-PAC123Photostories5 long-haired dog breeds that win hearts with their looks and personalityLooking for better health? Repeat these 10 powerful affirmations every dayWorld’s 10 most peaceful countries in 2026: Safe, scenic and travel-friendlyEye doctor reveals the 7 everyday habits they never skip to protect their vision, and why these simple daily choices matter9 Vastu Tips to Attract Love into Your LifeWhy the Adhar Pana prasad of Jagannath Rath Yatra is spilled on the floor and humans are forbidden to consume itYoung, slim, and feeling perfectly fine? Why more Indians are being diagnosed with prediabetes without any warning signsThese 5 giant pet cats are so big, people mistake them for wild animals10 baby girl names inspired by Japanese seasons and cherry blossom traditions“Send your child far away…”: Acharya Prashant says this one parenting decision can help children grow into independent adults123Hot PicksNBA Trade RumorsHow to Watch FIFA World CupMichael JordanKylian MbappeBengaluru ProfessorCarol RuckdeschelRussia Saction BillNBA tradeMinecraft Bedrock 26.40.31 BetaTop TrendingIND U19 vs SL U19Prashant KishorFIFA World Cup 2026Nitin GadkariBengaluru Student SuicideTwisha Sharma Murder CaseLeo CarlssonTaslima NasrinGujarat RapeIran war

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File photo: PM Modi with Union home minister Amit Shah NEW DELHI: PM Narendra Modi Wednesday met home minister Amit Shah and BJP chief Nitin Nabin in what was seen as another round of deliberations by the brass over the party’s list of office-bearers.Though there was no official word on the meeting, speculation over party’s expected list of office-bearers and a likely reshuffle in the Union council of ministers has continued for quite some time now.Sources said the new team under Nabin will soon be announced, and an overhaul of organisational bodies at the national level, including its top decision-making body of parliamentary board, is on the cards.Get the latest India news and live updates. Download the TOI App.End of ArticleFollow Us On Social MediaVideosBageshwar Baba Dhirendra Shastri’s Brother Arrested For Firing At Farmer In Madhya Pradesh’Abhishek Has Done No Wrong’: Mamata Banerjee Defends Nephew Amid TMC Rebellion“Party Is Sinking”: Mamata’s Loyalist Crosses Over To Ritabrata Camp; TMC Crack Deepens’Serious Risk’ To India’s Largest Nuclear Plant Kudankulam After Files Leaked On Dark Web: ReportRahul Gandhi Steps In As Punjab Congress Infighting Threatens 2027 Election PreparationsExplained: Why PM Modi’s July 17 Punjab Visit Is Politically Crucial Ahead Of Assembly ElectionsHigh Profile Political Meeting Rekindle Talk Of NCP Unity In Maharashtra; Patil Denies BuzzKGMU Bars Cooking Of Non-Veg Food In Hostels After Governor Flags Issue At ConvocationIndia-UK FTA: What Gets Cheaper, How Exporters Benefit And Why The Deal MattersTMC Rift Deepens As Kalyan Banerjee Launches Fresh Attack On Abhishek And I-PAC123Photostories5 long-haired dog breeds that win hearts with their looks and personalityLooking for better health? Repeat these 10 powerful affirmations every dayWorld’s 10 most peaceful countries in 2026: Safe, scenic and travel-friendlyEye doctor reveals the 7 everyday habits they never skip to protect their vision, and why these simple daily choices matter9 Vastu Tips to Attract Love into Your LifeWhy the Adhar Pana prasad of Jagannath Rath Yatra is spilled on the floor and humans are forbidden to consume itYoung, slim, and feeling perfectly fine? Why more Indians are being diagnosed with prediabetes without any warning signsThese 5 giant pet cats are so big, people mistake them for wild animals10 baby girl names inspired by Japanese seasons and cherry blossom traditions“Send your child far away…”: Acharya Prashant says this one parenting decision can help children grow into independent adults123Hot PicksNBA Trade RumorsHow to Watch FIFA World CupMichael JordanKylian MbappeBengaluru ProfessorCarol RuckdeschelRussia Saction BillNBA tradeMinecraft Bedrock 26.40.31 BetaTop TrendingIND U19 vs SL U19Prashant KishorFIFA World Cup 2026Nitin GadkariBengaluru Student SuicideTwisha Sharma Murder CaseLeo CarlssonTaslima NasrinGujarat RapeIran war

File photo: PM Modi with Union home minister Amit Shah NEW DELHI: PM Narendra Modi Wednesday met home minister Amit Shah and BJP chief Nitin Nabin in what was seen as another round of deliberations by the brass over the party’s list of office-bearers.Though there was no official word on the meeting, speculation over party’s expected list of office-bearers and a likely reshuffle in the Union council of ministers has continued for quite some time now.Sources said the new team under Nabin will soon be announced, and an overhaul of organisational bodies at the national level, including its top decision-making body of parliamentary board, is on the cards.Get the latest India news and live updates. Download the TOI App.End of ArticleFollow Us On Social MediaVideosBageshwar Baba Dhirendra Shastri’s Brother Arrested For Firing At Farmer In Madhya Pradesh’Abhishek Has Done No Wrong’: Mamata Banerjee Defends Nephew Amid TMC Rebellion“Party Is Sinking”: Mamata’s Loyalist Crosses Over To Ritabrata Camp; TMC Crack Deepens’Serious Risk’ To India’s Largest Nuclear Plant Kudankulam After Files Leaked On Dark Web: ReportRahul Gandhi Steps In As Punjab Congress Infighting Threatens 2027 Election PreparationsExplained: Why PM Modi’s July 17 Punjab Visit Is Politically Crucial Ahead Of Assembly ElectionsHigh Profile Political Meeting Rekindle Talk Of NCP Unity In Maharashtra; Patil Denies BuzzKGMU Bars Cooking Of Non-Veg Food In Hostels After Governor Flags Issue At ConvocationIndia-UK FTA: What Gets Cheaper, How Exporters Benefit And Why The Deal MattersTMC Rift Deepens As Kalyan Banerjee Launches Fresh Attack On Abhishek And I-PAC123Photostories5 long-haired dog breeds that win hearts with their looks and personalityLooking for better health? Repeat these 10 powerful affirmations every dayWorld’s 10 most peaceful countries in 2026: Safe, scenic and travel-friendlyEye doctor reveals the 7 everyday habits they never skip to protect their vision, and why these simple daily choices matter9 Vastu Tips to Attract Love into Your LifeWhy the Adhar Pana prasad of Jagannath Rath Yatra is spilled on the floor and humans are forbidden to consume itYoung, slim, and feeling perfectly fine? Why more Indians are being diagnosed with prediabetes without any warning signsThese 5 giant pet cats are so big, people mistake them for wild animals10 baby girl names inspired by Japanese seasons and cherry blossom traditions“Send your child far away…”: Acharya Prashant says this one parenting decision can help children grow into independent adults123Hot PicksNBA Trade RumorsHow to Watch FIFA World CupMichael JordanKylian MbappeBengaluru ProfessorCarol RuckdeschelRussia Saction BillNBA tradeMinecraft Bedrock 26.40.31 BetaTop TrendingIND U19 vs SL U19Prashant KishorFIFA World Cup 2026Nitin GadkariBengaluru Student SuicideTwisha Sharma Murder CaseLeo CarlssonTaslima NasrinGujarat RapeIran war

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