Business

Bank of India has classified Reliance Communications’ ₹700 crore loan as fraudulent, naming former director Anil Ambani and others over alleged fund diversion in 2016. Earlier, SBI made similar allegations. CBI has launched investigations, while Ambani denies wrongdoing

Payment firms brace for 15 per cent revenue dip as online gaming law tightens; UPI may lose 25 crore transactions monthly

Ambani, RCom accused of conspiracy, cheating and diversion of funds; CBI raids ‘Sea Wind’ residence and RCom office in Mumbai

The expanded portfolio addresses cargo and passenger mobility needs while reinforcing India’s growing automobile sector footprint abroad

Canada will remove counter-tariffs on US goods covered by CUSMA starting September 1, following discussions between PM Carney and President Trump. Tariffs on steel, aluminum, and autos remain as both countries work to resolve trade issues.

ndia’s leading fantasy and real money gaming platforms have suspended paid contests after the Online Gaming Bill 2025 came into effect, banning money-based games. The law imposes prison terms and hefty fines for offering, promoting, or sponsoring such games

A Naukri report shows 94 per cent of Indian employers plan to hire in H2 2025, with 72 per cent expecting new job creation. IT, Business Development, and Operations will drive hiring, while AI is expected to create, not reduce, opportunities

India is ChatGPT’s second-largest market, with rapid growth in students, developers, and businesses adopting AI tools

The rupee slipped 11 paise to 87.36 against the US dollar amid rising dollar demand. Positive FII inflows and lower crude prices limited losses as traders awaited US Fed Chair Jerome Powell’s remarks at the Jackson Hole Symposium.

Equity markets fell in early Friday trade after a week-long rally, with IT and banking stocks leading losses. Sensex dropped 262 points, Nifty fell 81 points, as investors awaited US Fed Chair Powell’s remarks at the Jackson Hole Symposium.

GoM supports Centre's proposal to simplify GST slabs, but opposition states seek clarity on revenue loss and compensation measures.

GST GoM approves Centre’s proposal to replace 4-tier system with 5% and 18% slabs; luxury goods to face 40% tax.

r India Express report combined loss of ₹9,568 crore in FY25; IndiGo posts ₹7,587 crore profit.

Tata as one of Apple’s key partners is expected to handle nearly half of India’s iPhone output within the next two years

The Union government introduced the Online Gaming Bill 2025 in Lok Sabha, banning real-money gaming platforms and ads, empowering warrantless searches and arrests. It promotes e-sports, imposes strict penalties, and restricts financial transactions, despite potential Rs 20,000 crore tax revenue loss

Hindustan Aeronautics Ltd (HAL) shares surged after reports that the firm is set to secure one of its biggest government defence contracts, worth around ₹62,000 crore, for 97 Tejas Mk1A jets. The deal strengthens HAL’s indigenous fighter programme

The government also reported Rs 17,811 crore disbursed under the Modified Interest Subvention Scheme for crop loans

With numbers rising from 6.48 crore in FY20 to 8.56 crore in FY25 officials attribute the surge to digitisation, policy reforms, and compliance measures

MakeMyTrip has introduced a new AI-powered feature to simplify booking of hotels and homestays around more than 100 national parks in India. The platform now offers park details, entry gate proximity, and travel tips to enhance wildlife tourism experience

The government has waived the 11 per cent duty on raw cotton imports till September 30 to ease supply pressures on the textile industry. The relief coincides with Indian exporters facing a steep 50 per cent tariff in the US

OpenAI introduces ChatGPT Go in India at Rs 399/month, offering higher message limits, GPT-5-powered image generation, file uploads, and UPI payments. India, OpenAI’s second-largest market, could soon become its largest, reflecting rapid AI adoption.

If executed well, GST 2.0 could evolve from a foundational reform into a competitive advantage, supporting India’s journey toward becoming a developed nation by 2047

The legislation aims to modernise port governance, enhance ease of doing business, promote integrated port development, and empower State Maritime Boards for structured maritime growth

Apple India has leased 2.7 lakh sq ft of office space in Bengaluru’s Embassy Zenith for 10 years, starting April 2025. With rent beginning at Rs 6.3 crore per month, the iPhone maker is expected to pay over Rs 1,000 crore