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India-UK Trade Deal To Increase Seafood Exports: MPEDA

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India-UK Trade Deal To Increase Seafood Exports: MPEDA


New Delhi: The India–UK Comprehensive Economic and Trade Agreement (CETA) is poised to create significant opportunities for India’s seafood export sector, according to the Marine Products Export Development Authority (MPEDA). During a two-day interaction with exporters, MPEDA chairman D.V. Swamy urged them to adopt strategies focused on value addition and workforce upskilling to fully leverage the agreement.

The CETA pact, inked in July this year, grants zero-duty access to 99 per cent of tariff lines, enhancing the competitiveness of Indian seafood in the UK market. Key categories such as Vannamei shrimp, frozen squid, lobsters, frozen pomfret, and black tiger shrimp are expected to benefit directly from the duty-free access.

The meetings provided a platform for industry stakeholders to explore the implications of the agreement. Presentations by Anil Kumar P., Joint Director, MPEDA, outlined the salient features of CETA, while Alex Paul Menon, Development Commissioner of the MPEZ-SEZ, highlighted the potential for Marine Aquapark SEZ development in Tamil Nadu.

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Stakeholders, including officials from the Department of Commerce, Export Inspection Agency (EIA), and the Seafood Exporters Association of India (SEAI), alongside over 90 exporters from Tamil Nadu, Andhra Pradesh, and Odisha, shared insights on market opportunities and operational strategies.

India exported marine products worth $7.45 billion in 2024–25, with shrimp, fish, and cuttlefish forming the bulk of shipments. Exports to the UK reached 16,082 MT valued at $104.43 million, driven largely by demand for frozen shrimp, which accounted for 77 per cent of the total UK shipments, followed by frozen fish at eight per cent.

Industry experts anticipate that the India-UK CETA could double Indian seafood exports to the UK in the near term. The agreement is expected to catalyse economic growth, employment generation, and innovation while promoting sustainable practices in the sector.

Swamy emphasised that tapping into this opportunity will require coordinated efforts to enhance product quality, scaling up processing capabilities, and training skilled labour to meet the rising demand in global markets. The MPEDA chairman further pointed out that with proactive adaptation and strategic investment, Indian seafood exporters can not only increase their market share in the UK but also establish India as a competitive, high-value supplier in international seafood trade.



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Warburg to list housing finance company purchased from Shriram – The Times of India

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Warburg to list housing finance company purchased from Shriram – The Times of India


Mumbai: Warburg Pincus-backed housing finance company Truhome Finance ( formerly Shriram Housing) has filed draft papers with capital markets regulator SEBI to raise Rs 3,000 crore through an initial public offering.The IPO will comprise a fresh issue of equity shares of face value Rs 10 aggregating up to Rs 1,500 crore and an offer for sale of equity shares of face value Rs 10 aggregating up to Rs 1,500 crore, according to the draft red herring prospectus filed with SEBI. The offer for sale will be undertaken by promoter selling shareholder Mango Crest Investment, which plans to offload shares worth up to Rs 1,500 crore.Truhome Finance plans to use the net proceeds from the fresh issue to augment its capital base to support future capital requirements, including onward lending and general corporate purposes. The funds will also help the company comply with RBI’s capital adequacy norms as its business expands.The company said the proceeds are expected to be deployed over the financial years ending March 31, 2027 and March 31, 2028.JM Financial, IIFL Capital Services, Jefferies India and Kotak Mahindra Capital Company are the book running lead managers to the issue.Warburg Pincus completed its acquisition of Shriram Housing Finance (SHFL) from Shriram Finance and other sellers in December 2024 for approximately Rs 4,630 crore, marking a strategic shift in India’s housing finance sector.



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Ticketmaster parent Live Nation reaches settlement with Department of Justice over antitrust concerns

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Ticketmaster parent Live Nation reaches settlement with Department of Justice over antitrust concerns


Signs are seen at the Live Nation NYC headquarters on May 23, 2024 in New York City. 

Michael M. Santiago | Getty Images

Live Nation Entertainment has reached a settlement with the Department of Justice over antitrust concerns surrounding its Ticketmaster platform, a senior DOJ official said Monday.

The settlement would see Ticketmaster unwind some of its exclusivity agreements with musical artists and open up the ticketing industry to greater competition. It still needs approval by more than 20 states that had filed suit and by the court.

As part of the settlement, Ticketmaster will offer a standalone third-party ticketing system for other companies like SeatGeek to use its technology. Live Nation has also agreed to divest at least 13 of its amphitheaters and will no longer be able to require artists to use other Live Nation products tied to its venues. It has also agreed to pay roughly $280 million in civil penalties.

Shares of Live Nation rose 5% in morning trading. Live Nation and Ticketmaster did not immediately respond to requests for comment.

Ticketmaster has long faced criticism that its dominance in the live events and ticketing space pushes up prices for consumers. The company has come under heightened scrutiny in recent years from fans who argue that it’s become harder and pricier to snag coveted event tickets.

In 2022, the backlash boiled over when the rollout of tickets for Taylor Swift’s Eras Tour was mishandled, leading to a probe of the company. And in 2024, the DOJ — along with more than two dozen states — sued to break up Live Nation and Ticketmaster, which merged in 2010.

In September, Live Nation was separately sued by the Federal Trade Commission over what the agency called “illegal” ticket resale tactics. The FTC said Ticketmaster controls roughly 80% of major concert venues’ ticketing.

In a Monday statement, New York Attorney General Letitia James said her office would continue to fight against Live Nation’s alleged monopoly even after its agreement with the DOJ.

“The settlement recently announced with the U.S. Department of Justice fails to address the monopoly at the center of this case, and would benefit Live Nation at the expense of consumers. We cannot agree to it,” said James, who is joined by the attorneys general of more than 20 other states.

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How the Iran war may affect your bills and finances

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How the Iran war may affect your bills and finances



The conflict in the Middle East could raise the cost of petrol, household energy bills and even food.



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