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Home  Business

Business

Pashamylaram blast: Sigachi Industries shares fall for 2nd day, tumble nearly 6 per cent

Pashamylaram blast: Sigachi Industries shares fall for 2nd day, tumble nearly 6 per cent

  • Bangladesh clears pending dues of Adani Power

    Bangladesh makes single largest payment of USD 437 million in June, asks Adani Power to supply power from both units as per Bangladesh Power Development Board schedule
  • ED raids Raheja Developers in Delhi-NCR in money laundering case

    FIRs allege Raheja Developers fraudulently collected substantial sums from investors and homebuyers on the promise of delivering residential flats in various group housing projects
  • Mahindra sales rise 14 per cent in June to 78,969 units

    Mahindra & Mahindra posted a 14 per cent rise in overall sales for June 2025, led by SUV and tractor demand. Passenger vehicle sales rose 18 per cent, while tractor sales climbed 13 per cent. The company also recorded its highest-ever quarterly SUV performance
  • Bajaj Auto June sales rise 1 per cent to 3.6 lakh units

    Domestic sales dropped 13 per cent, strong export performance—up 21% per cent—helped offset the decline. The Pune-based company sold over 1.7 lakh units overseas
  • Telangana mango farmers face mid-season crisis as prices crash amid oversupply, Chittoor ban

    The surplus, compounded by limited processing infrastructure and restricted market access, has pushed farmers into distress, threatening their livelihoods and casting a shadow over the State’s mango industry
  • Cabinet clears Rs 1.07 lakh crore job-linked incentive scheme

    The Union Cabinet has approved a Rs 1.07 lakh crore Employment-linked Incentive scheme to create over 3.5 crore jobs in two years. Employers will receive up to Rs 3,000 per month for hiring first-time employees, with extended benefits for the manufacturing sector
  • Jet fuel price hiked by 7.5 per cent , commercial LPG gets Rs 58.5 cut

    The increase in ATF price will add to the burden on commercial airlines, for whom fuel makes up for almost 40 per cent of the operating cost
  • Ola Electric sales drop 45 per cent in June, market share plunges to 19 per cent

    Over the past one month, the stock of the Bhavish Aggarwal-led company has lost 21.74 per cent of its value
  • Coal India production drops by 8.5 per cent in June

    Coal India Ltd reported an 8.5 per cent drop in June production to 57.8 MT, likely due to monsoon disruptions. Offtake also fell. Despite this, the government assures no coal shortage and remains focused on reducing imports and boosting domestic output
  • Nirmala Sitharaman lauds SBI’s digital transformation, says it has made banking easier

    India’s largest lender marks its 70th anniversary, plans to “solarise” 4 million homes by FY27
  • Globe Civil Projects shares jump over 28 pc in market debut

    Globe Civil Projects Ltd made a strong market debut, with shares jumping over 28% on the BSE and NSE against the IPO price of ₹71. The ₹119-crore IPO was oversubscribed 86 times, reflecting high investor demand and strong listing gains
  • Yoga business founder gets 4 years in prison after pleading guilty to tax charge

    Gregory Gumucio, founder of the "Yoga to the People" chain, was sentenced to four years in prison for conspiring to defraud the IRS. He failed to pay over $2.5 million in taxes while operating a multimillion-dollar international yoga business
  • Pashamylaram industrial explosion: Sigachi Industries shares plunge over 11.50 per cent

    The stock plunged 11.58 per cent on June 30 to settle at Rs 48.79 apiece on the BSE. During the day, it lost 14.82 per cent to Rs 47. On the NSE, the stock cracked 11.19 per cent to Rs 48.95
  • Pashamylaram industrial explosion: Sigachi suspends production at Hyd unit for 90 days

    The company operates three manufacturing facilities for Microcrystalline Cellulose, one of which is the Hyderabad unit where the incident occurred
  • AM Green BV to buy Orix Corp’s 17.5% in Greenko Energy

    While AM Green did not give the value of the transaction, Orix said the transfer price is USD 1.282 billion(S)
  • Railways hike AC and non-AC class fares by 2 paisa and 1 paisa per km respectively

    The increased fares come into effect from July 1. However, the fares of suburban trains and monthly season tickets have been left unchanged in the interest of daily commuters
  • Indian railways to ease travel planning with early chart preparation

    A major upgrade to the Passenger Reservation System will also increase booking capacity, with Tatkal ticket authentication becoming mandatory from July 1 onwards
  • Government to invite bids for IDBI stake sale

    The Centre and LIC together own nearly 95 per cent of the bank, and of this, 60.72 per cent is up for sale as part of the the government’s ongoing disinvestment plan
  • GST completes 8 years with record Rs 22 lakh crore collection in FY25

    The ‘One Nation, One-Tax’ was launched by Prime Minister Narendra Modi on July 1, 2017
  • Who will be the next CEO of IndusInd Bank?

    Three names emerge as frontrunners for the top post; IndusInd Bank set to submit CEO shortlist to RBI amid leadership crisis
  • Rupee rises 6 paise to 85.44 against US dollar as crude prices ease and dollar weakens

    The rupee gained 6 paise to 85.44 against the US dollar in early trade on Monday, supported by lower crude prices and a weaker dollar index. A ceasefire in the Middle East and strong FII inflows boosted investor sentiment.
  • Sensex, Nifty slip after four-day rally as profit-taking hits banking stocks

    Sensex and Nifty opened lower on Monday after a four-session rally, led by profit-booking in bank stocks. Sensex dropped 182 points and Nifty 46 points. FIIs remained net buyers while global cues were mixed, with Brent crude trading lower.
  • Editorial: Game-changing surge in mobile phone exports

    The larger question is whether India can go beyond being a destination for smartphone assembly and become a true global manufacturing giant
  • Anant Ambani to earn Rs 10–20 crore annually as Reliance Executive Director

    Anant Ambani, son of Mukesh Ambani, has been appointed Executive Director of Reliance Industries. He will earn ₹10–20 crore annually plus profit-based incentives and perks. The move is part of a succession strategy involving all three Ambani siblings
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