Business

Amid rising tensions between Iran and Israel, India has ramped up Russian and US crude oil imports in June, reducing reliance on Middle Eastern supplies. Data shows India’s evolving strategy to ensure energy security amid Strait of Hormuz risks

Central Coalfields Ltd plans to open two new coal mines, aiming to boost production to 110 million tonnes this year and 150 million tonnes by 2030. It will also build four new washeries to improve coal quality for industrial use

Raymond Realty will launch six housing projects in the Mumbai Metropolitan Region in FY26 with Rs 14,000 crore sales potential. The company, post-demerger from Raymond Ltd, will list on stock exchanges on July 1 and aims to enter the Pune market

SEBI Chairman Tuhin Kanta Pandey said there are no remaining obstacles to the NSE’s IPO, pending submission of its DRHP. SEBI is also tightening scrutiny on market manipulation in SME IPOs and derivatives, promising strict action against irregularities

India’s net direct tax collection fell 1.39% to ₹4.59 lakh crore so far this fiscal due to slower advance tax inflows and a surge in refunds. Corporate tax collections declined over 5%, while STT registered a 12% increase

NTPC’s board has approved raising up to ₹18,000 crore via non-convertible debentures (NCDs) or bonds through private placement in the domestic market. Shareholders’ approval will be sought through a postal ballot, and funds will be raised in up to 12 tranches

India Cements Ltd will sell its subsidiary, Industrial Chemicals and Monomers, to Mirai Sensing for Rs 97.68 crore. Following UltraTech Cement's acquisition of ICL in December 2024, this move marks further restructuring, with the sale expected to conclude in six months

ICICI Bank had offered to take over mortgage lender HDFC Ltd before its reverse merger with HDFC Bank, says former HDFC chairman Deepak Parekh

The Ministry of New & Renewable Energy has launched a ₹2.3-crore startup innovation challenge to accelerate rooftop solar and renewable energy solutions in India. Startups can apply by August 20 to compete for cash prizes and incubation support

An Air India Delhi–Pune flight suffered a bird hit on Friday, leading to cancellation of the return journey. The aircraft landed safely in Pune. Air India is providing refunds, rescheduling, and accommodation. Separately, the airline is suspending 38 global flights

Sebi has proposed guiding principles for the use of AI and ML in securities markets, aimed at safeguarding investor interests and market integrity. The regulator is seeking public feedback on a framework to ensure transparency, accountability, and responsible use of such technologies

At Tata Motors’ AGM, Chairman N. Chandrasekaran led a minute of silence for Air India AI-171 crash victims, paid tribute to Ratan Tata, announced the demerger into three listed entities, reported record FY25 financials, and recommended a Rs 6 per-share final dividend

Following the June 12 Air India Dreamliner crash, bookings have dropped by up to 20 per cent and fares have fallen 8–15 per cent on key routes. Increased cancellations were reported, especially among international and corporate travelers, though experts expect short-term impact

Sensex and Nifty rebounded over 1 per cent on Friday after three days of decline, driven by falling crude prices, easing geopolitical tensions, and foreign investor interest. Gains were seen across sectors, especially telecom, finance, and tech, with improved global cues.

HAL has won ISRO’s bid to manufacture the SSLV, a rocket for launching small satellites into low Earth orbit. ISRO will assist HAL for two years, after which HAL can improve the design and choose its own vendors

Government-led 'Make in India' initiative drives breakthrough growth in manufacturing, capital goods, and infrastructure, sparking transformative regional development.

DMK MP Dayanidhi Maran has accused his brother Kalanidhi Maran of financial crimes dating back 22 years, demanding the restoration of Sun TV shareholding. Sun TV denies the charges, calling them speculative, defamatory, and unrelated to its current operations

Cyient Foundation, in partnership with ICT Academy, has launched a year-long entrepreneurship development program to train 2,000 students from Telangana and Andhra Pradesh. The initiative offers structured training, mentorship, and startup support to young innovators from tier-2 and tier-3 cities.

Dayanidhi Maran files a legal notice against kalanithi maran over alleged fraudulent practices and financial irregularities, Demanding shareholding restoration and prompt regulatory probe

Sensex and Nifty bounced back in early trade on Friday following a three-day decline, supported by gains in Asian markets and strong FII inflows. Analysts expect range-bound movement unless the Middle East conflict escalates or crude oil prices surge.

The rupee rose 13 paise to 86.60 against the US dollar on Friday, supported by weaker crude oil prices and a softer dollar. Market experts expect further movement based on geopolitical developments and foreign investor activity in Indian equities.

Air India cancelled eight flights, including four international services, on Friday due to enhanced maintenance and operational reasons. The airline is providing full refunds or free rescheduling, and alternative arrangements are being made for affected passengers

During his UK visit, Union Minister Piyush Goyal highlighted India's advancements in digital infrastructure, innovation, and emerging technologies. He emphasized strengthening India-UK trade ties through the FTA and explored collaboration in fintech, sustainable finance, and SME-led growth with key UK leaders.

After a major service disruption in September 2024, ICICI Bank, Axis Bank, and Mastercard are exploring alternatives to DreamFolks Services for airport lounge access. With growing dissatisfaction, banks may increasingly shift to direct partnerships with lounge operators