'Janta hai tera baap kaun hai?': Zomato CEO Deepinder Goyal's touching anecdote on startup's journey
During his speech at the Vishesh Sampark event, Deepinder Goyal recounted a memorable interaction with his father regarding his business brainchild. Goyal revealed that when he first pitched the idea of launching Zomato back in 2008 to his father, his response was laced with scepticism. Key Points
Business TodayJet Airways founder Naresh Goyal gets 2 months of interim medical bail in money laundering case
Goyal is presently hospitalised at HN Reliance private hospital for treatment of cancer and has been ordered to pay Rs 1 lakh with sureties for his release by a single-judge bench of Justice NJ Jamadar. He was denied permanent bail on medical grounds by a special court on April 10. Key Points
Business TodayWho is Grecia Munoz? Zomato CEO Deepinder Goyal's second wife
Zomato CEO Deepinder Goyal has married former model Grecia Munoz, who is also an entrepreneur. The couple returned from their honeymoon in February. Munoz, originally from Mexico, now resides in India and is involved in television hosting and running her startup focusing on luxury consumer products. Goyal, a prominent figure in India's startup scene, had been in a relationship with Munoz for some time. This marks his second marriage. Goyal founded Zomato in 2008 and recently announced plans to launch a 'pure veg' service in response to customer feedback, which generated some controversy. Key Points
Economic TimesPiyush Goyal heads to 'motherland' for a missed rite of passage
Piyush Goyal, a seasoned politician and minister, is contesting Lok Sabha elections from Mumbai North. With a strong political background, he aims to secure a win in a constituency historically favorable to BJP candidates. Key Points
Economic TimesWhere's India? Key holdout country's minister absent from WTO meeting
India's Commerce Minister, Piyush Goyal, was absent at the start of a major World Trade Organization (WTO) meeting in Abu Dhabi, causing concerns about the impact on discussions. Goyal is a key player in the trade negotiations focusing on fisheries and digital trade tariffs. However, WTO Director-General Ngozi Okonjo-Iweala stated that Goyal's participation delay was due to mistiming, and he would join the conference later. Key Points
Economic Times
PMLA: Jet Airways founder Naresh Goyal seeks interim bail to treat 'slow growing cancer'
Jet Airways founder Naresh Goyal, facing charges in a money laundering case, has filed a plea for interim bail citing the need for treatment of malignancy detected during tests by private doctors. The court ordered the formation of a medical board to review Goyal's medical reports, as the Enforcement Directorate (ED) sought time to respond. Goyal's medical records indicate the presence of small tumours in his intestine, hiatus hernia, and Barrett's esophagus. Key Points
Economic Times'We don't want want more Madhavans': Piyush Goyal gives example of '3 Idiots' at event
Addressing the attendees, Goyal emphasized that India does not desire to produce "idiots" from its children, referencing the character of Farhan Qureshi, played by R. Madhavan in the movie, who is forced into engineering despite his love for photography. Key Points
Business TodayPM Modi to inaugurate 4-day textile expo this month
Commerce and industry minister Piyush Goyal said it will be held at the Bharat Mandapam and Yashobhoomi complexes and the entire textile sector is coming together on one platform for the first time. He also said that a three day “Startup Mahakumbh” will be organised from March 18 at Bharat Mandapam. Key Points
Economic TimesIndia to sustain exports growth despite global challenges, Budget provides strong foundation: Piyush Goyal
India sustains export growth despite global challenges arising from conflicts like the Israel-Hamas war. The Budget lays a strong foundation for economic growth. Geopolitical complexities and conflicts reshape globalization. Wars and crises disrupt global supply chains, impacting India's exports and logistics. The Budget focuses on every section of society, with announcements on e-mobility promotion and increased infrastructure spending, providing more opportunities for business and domestic industry. Finance Minister Sitharaman's priority is economic policies that foster growth and contribute to India becoming a developed country by 2047. Key Points
Economic TimesCourt allows Jet founder Goyal to undergo colonoscopy at private hospital
Jet Airways founder Naresh Goyal, arrested in a money laundering case linked to an alleged Rs 538 crore fraud at Canara Bank, has been permitted by a special court to undergo gastro and colonoscopy procedure at a private hospital in Mumbai. Goyal, who is lodged in Arthur Road jail, sought to be taken to the hospital on January 26. The 74-year-old businessman was arrested by the ED in September 2023 for allegedly laundering money and siphoning off loans given to Jet Airways by Canara Bank, as per the CBI's FIR. Key Points
Economic Times"Next 1000 years will be India's": Union ministers exude joy and hope as Lord Ram takes his throne in Ayodhya
Ayodhya (Uttar Pradesh) [India], January 22 (ANI): The ‘Pran Pratishtha’ ceremony in Ayodhya on Monday marked a historic milestone, drawing expressions of joy and hope from prominent leaders present at the event. Union ministers Hardeep Singh Puri and Piyush Goyal shared their sentiments, emphasising the emotional significance of Lord Ram’s return to his birthplace. Show […] Key Points
ThePrint'Better to die in jail': Jet Airways' Naresh Goyal tells special court
Naresh Goyal, the founder of Jet Airways, pleads in court with 'folded hands' that he has 'lost every hope of life' amid the alleged Rs 538 crore fraud case. Goyal, who is currently in judicial custody, presents a grim picture of his physical health and personal life, including his wife's battle with cancer. Key Points
Business TodayLost every hope of life, better to die in jail: Jet Airways founder Naresh Goyal to court with folded hand
The court directed his lawyers to take appropriate steps concerning his health. In his bail plea filed last month, Goyal cited multiple medical ailments like heart condition, prostate and orthopaedic issues and claimed there were reasonable grounds to believe that he is not guilty . The ED has filed a response to his bail plea and the matter will be further heard on January 16. Key Points
Economic Times‘Let me die in jail’: Naresh Goyal, visibly trembling, tells court; Jet Airways founder missing wife battling cancer
Naresh Goyal, the founder of Jet Airways, expressed hopelessness during a bail hearing in Mumbai, stating he would rather die than be alive in his current situation. He cited his wife's advanced cancer and his daughter's illness as reasons for his despair. Key Points
mintWill address EU’s carbon tax, retaliate if needed: Piyush Goyal
Under the EUs Carbon Border Adjustment Mechanism (CBAM), non-EU steel producers are required to report direct and indirect emissions. The monitoring of such products began October 1. Key Points
Economic Times
Closed 20 of 26 chapters of Free Trade Agreement with UK, says Union Minister Piyush Goyal
Piyush Goyal stated, We've had several rounds of negotiations with the UK. Currently, we are in active dialogue on different tracks. The Free Trade Agreement has closed almost 20 chapters out of 26. Amongst the few issues pending, there's nothing impossible to navigate. Free Trade Agreements are crystal gazing into the future . Key Points
Economic TimesSilicon Valley's elite engage with Piyush Goyal: India's investment appeal in the spotlight
Menlo Park (California) [US], November 16 (ANI): Minister of Commerce and Industry, Piyush Goyal, spearheaded a compelling interaction with Silicon Valley entrepreneurs and venture capitalists. Goyal posted on X, “Had an engaging interaction with Silicon Valley Entrepreneurs & Venture Capitalists. Highlighted how India’s young talent, vibrant business ecosystem & growing economy present the perfect opportunity […] Key Points
ThePrintPiyush Goyal visits Elon Musk-owned Tesla’s EV manufacturing plant in the US; check photos
Piyush Goyal at Tesla: India’s Commerce and Industry Minister Piyush Goyal visited Tesla's manufacturing facility in Fremont, California. Due to health related issues, Tesla CEO Elon Musk was not present during Goyal’s visit at the plant, for which the head of the EV manufacturing company apologized. Tesla has been trying to enter the Indian market, but policy issues have been a hurdle. We take a look at some photos from Piyush Goyal’s visit to the Tesla plant in California: Key Points
Times of IndiaIndian authorities seize $65 mln of property in Jet Airways fraud case
India's financial crime agency has seized properties worth 5.38 billion rupees (nearly $65 million) as part of its probe into money laundering allegations against the now-defunct Jet Airways (JET.NS) and founder Naresh Goyal, the agency said on Wednesday. Key Points
ReutersED attaches assets worth Rs 538 cr of Jet founder Naresh Goyal, others in London, Dubai
The attached properties include 17 residential flats, bungalows, and commercial premises. The Enforcement Directorate (ED) on Wednesday said it has attached in London, Dubai and India assets worth Rs 538 crore of Jet Airways founder Naresh Goyal, his family members and companies as part of a money laundering investigation linked to an alleged bank loan fraud. Key Points
The Tribune India
ED attaches property worth Rs 538 crore in Jet Airways case
The Enforcement Directorate has attached assets worth Rs 538 crore in a money laundering probe involving bankrupt airline Jet Airways. Founder Naresh Goyal and others face charges, with Goyal currently in custody at Arthur Road. The seized properties include residences and commercial spaces owned by Goyal, his family, and related companies in India, London, and Dubai. Key Points
Economic TimesED attaches Rs 538cr assets of Jet Airways founder Naresh Goyal, his family & others
India Business News: The Enforcement Directorate (ED) has seized properties worth Rs 538.05 crore in connection with a money laundering case against Jet Airways. The attac Key Points
Times Of IndiaIndia to double manpower to process IP applications: Piyush Goyal
India's Commerce and Industry Minister, Piyush Goyal, has announced plans to double manpower for processing Intellectual Property (IP) applications in order to streamline the process and increase transparency. He also suggested initiating criminal proceedings against those who file frivolous pre-grant opposition. The Indian Patent Office will hire an additional 900 people to handle the growing number of IP applications. Goyal also proposed the digitization of the Office of the Controller General of Patents, Designs, and Trade Marks to improve efficiency. Key Points
Economic TimesJet Airways founder Naresh Goyal writes to court to seek medical help, claims prison officer not looking into his concerns
Goyal, who was produced before the court through video conference, told the court that he was facing multiple medical issues. The court, under the Prevention of Money Laundering Act (PMLA), has reportedly sought a report from the Chief Medical Officer (CMO) of the Arthur Road prison in Mumbai on Goyal's complaint. Key Points
Business TodayLaptop can be a quite potent source of leakage: Piyush Goyal on laptop import restriction
Here is an issue, which is a serious security matter. Even Tesla car is not allowed anywhere near where Xi Jinping (President of China) is present. Because they're very conscious of the risks of security, even for a car being present in the vicinity of the premier of China. India also has to protect ourselves from countries who are antagonistic to India, Piyush Goyal said. Key Points
Economic Times
Phenomenal interest in India’s semiconductor industry, says Piyush Goyal
Companies such as Micron and Foxconn are exploring various levels of involvement in India's semiconductor sector, according to Commerce and Industry Minister, Piyush Goyal. Vedanta and Tata are also reported to be getting active in that space . Goyal stated that the interest in India's semiconductor sector from the industry has been phenomenal . Goyal also commented on the recent increase in tomato prices in parts of the country, stating that this is due to the heavy rains and floods in hilly regions, and emphasised the government's use of AI to assess price movements. Key Points
Economic TimesED registers fresh money laundering case against Naresh Goyal and others
The Enforcement Directorate (ED)on Wednesday has dealt a fresh blow to Naresh Goyal, the erstwhile promoter of Jet Airways and others by registering a fresh money laundering case. This move follows the Central Bureau of Investigation's (CBI) case, and it has led to ongoing raids at eight locations in Mumbai and Delhi. Key Points
Economic TimesFurther study needed on CBAM impact on trade, enterprises, consumers: Piyush Goyal
October 1 this year, when non-EU steel producers must report direct and indirect emissions. Domestic companies from seven carbon-intensive sectors including steel, cement, fertiliser, aluminium and hydrocarbon products would have to seek compliance certificates from the EU authorities to comply with the CBAM norms. Key Points
Economic TimesIndia proposes talks on gender equality, women in EFTA trade pact: Piyush Goyal
Earlier India had opposed the inclusion of non-trade issues like gender in its trade pacts. On Indias patent office, Goyal said: “About 1,000 new posts have been created in the IP office so that we have many many more controllers, so that we can clear patent applications. I am personally taking reviews to see how we can digitalise the entire IP ecosystem”. Key Points
Economic TimesDip in yarn exports should be seen as a good sign for India: Goyal
At the event, Gujarat Chief Minister Bhupendra Patel launched indiahandmade.com — an e-commerce portal for Indian handicraft products — in the presence of Goyal and Minister of State for Railways and Textile Darshana Jardosh. Key Points
The Indian Express
White Field Investment Fund buys stake in Goyal Aluminiums through bulk deal
With a market valuation of Rs. 455.75 crore, Goyal Aluminiums Ltd. is a small-cap company that works in the commercial service sector. Key Points
mintIndia, Australia likely to wrap up $100 billion trade pact by December
Goyal said that committing to a deadline was dangerous, as this could lead to compromises, but added that both countries are committed to speeding up negotiations. We would love to do that, he said. Key Points
Economic TimesGovt not at a standstill due to polls, working to make India a $35 trillion economy by 2047: Piyush Goyal
Ahead of elections, Commerce and industry minister Piyush Goyal spoke on centres focus, trade, new-age companies and more. He said countrys growth to be based on twin pillars of being inclusive & sustainable. Key Points
Economic TimesSubstantial amount diverted to Naresh Goyal's offshore trusts: ED
Goyal has defended these transactions, claiming that the offshore assets were purchased by him from loans availed from Standard Chartered and HSBC, which he had repaid through the dividends earned by his company, Tailwinds Limited, the parent company of Jet Airways. Funds received from IPO of Jet Airways Pvt Ltd (JIL) were also used for repayment. Key Points
Economic TimesGoyal Salt makes stellar debut on D-street; SME shares lists with robust 242% premium at ₹130 apiece on NSE SME
The ₹18.63-crore worth initial public offering (IPO) of Goyal Salt Ltd received stellar response from investors. Key Points
mint
Union Minister Piyush Goyal advocates global collaboration for sustainability and climate action at APEC dialogue
New Delhi [India], November 17 (ANI): Union Minister of Commerce and Industry Piyush Goyal represented India as a Guest Economy at the Informal Dialogue of Leaders of Asia-Pacific Economic Cooperation (APEC) on Sustainability, Climate, and Just Energy Transitions. Goyal emphasized India’s commitment to environmental stewardship under the leadership of Prime Minister Narendra Modi. Show Full […] Key Points
ThePrintKorean auto giants Hyundai, Kia have cost India billions of dollars in trade deficit, says Piyush Goyal
“The Korean auto industry, specifically Hyundai and Kia, are clearly two of the laggards. They have enjoyed the benefits of our free-trade agreement with Korea and Japan and continue to import indiscriminately. So, they have cost us dearly, and I dont mind saying it publicly,” TOI quoted the minister as saying. Key Points
Economic TimesHopeful of finalising certain FTAs in next few months, says Piyush Goyal
India is hoping to conclude free trade agreements (FTA) with Canada, UK and European Union (EU) in the next few months to revive and promote exports, according to Commerce and Industry Minister Piyush Goyal. He urged manufacturers to focus on quality and sustainable manufacturing processes to capitalize on business opportunities in the developed world. Key Points
Economic TimesFY23 exports to cross $750 billion: Piyush Goyal
“Last year, we grew to $676 billion, a massive jump and an all-time record for India, and we are inching close and marching ahead to cross $750 billion of goods and services exports in 2022-23,” Goyal said, at the Confederation of Indian Industry (CII) Partnership Summit 2023. In 2021, Indias goods and services exports were $500 billion. Key Points
Economic TimesTrade pacts with EU, EFTA doable: Piyush Goyal
“We are in active dialogue with the EU and EFTA for a free trade agreement... I do believe that both of these are eminently doable and will significantly help us expand our engagement not only in trade in goods services, but also in investments, technology, tourism, innovation, and clean energy,” Goyal said at CII India-Nordic Baltic Business Conclave. Key Points
Economic Times
India will work to maintain WTO guiding principles, says Piyush Goyal
India's Commerce and Industry Minister, Piyush Goyal, stated that at the upcoming meeting in Abu Dhabi, India will advocate for upholding the guiding principles of the World Trade Organization (WTO). Goyal also mentioned plans to address the European Union's Carbon Border Adjustment Mechanism (CBAM) both at the WTO and through bilateral discussions with the EU. Key Points
Economic TimesZomato’s Deepinder Goyal buys land in Delhi’s Mehrauli for ₹50 crore
Goyal has paid a stamp duty of ₹3.50 crore on the deal, the documents accessed by CRE Matrix showed. Key Points
Hindustan TimesPiyush Goyal stresses on need to ensure open supply chains
With respect to the Global South, the first need is to identify global value chains, where each of the countries could focus on not only increasing their participation but also improving the quality of their participation by moving up the value chain, Goyal said at the second Voice of Global South Summit. He said this will help them to partake in the largest share of high value-added parts of the GVCs. Key Points
Economic Times