Business (90

Kesoram Industries, one of India’s oldest conglomerates with deep legacy ties to the Birla family, is set for a significant ownership shift as the promoters formally exit the company. Frontier Warehousing, backed by the Edelweiss Group, has taken control through a series of transactions that transfer management influence and stake ownership. The development marks the end of an era for the storied industrial house while opening a new chapter for the company’s cement and allied businesses.

In a move aimed at simplifying compliance and encouraging entrepreneurship, the government has streamlined the Goods and Services Tax (GST) registration process for small businesses, reducing the approval time to just three days. The initiative is expected to significantly ease the compliance burden on micro, small, and medium enterprises (MSMEs), which form the backbone of India’s economy.