Business

The Uttar Pradesh government has decided to privatise Purvanchal Vidyut Vitran Nigam Ltd and Dakshinanchal Vidyut Vitran Nigam Ltd, which cover 42 of 75 districts of the State

In the event of cancellations, a penalty of 10 per cent of the fare, not exceeding Rs 100, shall be imposed on the driver if the cancellation is made without a valid reason. A similar penalty will be imposed on the passenger when such cancellation is made without a valid reason

SBI has declared Reliance Communications’ loan account as ‘fraud’ and named Anil Ambani in its RBI report. The telecom firm, currently under insolvency proceedings, says the loans pre-date CIRP and are being addressed through a resolution plan.

ILO’s proposal to create binding global standards for gig and platform workers marks a turning point for labour rights

India’s top carmakers Maruti Suzuki and Hyundai Motor India saw double-digit declines in June sales amid a domestic demand slowdown. While M&M and Toyota posted growth, the dip in small car sales highlights growing affordability concerns in the market

As the bold indirect tax reform completes eight years of implementation, the occasion calls for an honest appraisal and the introduction of further changes

The stock plunged 5.57 per cent to settle at Rs 46.07 on the BSE on July 1. During the day, it dropped 8.36 per cent to Rs 44.71

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

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 & 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

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

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

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

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

Over the past one month, the stock of the Bhavish Aggarwal-led company has lost 21.74 per cent of its value

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

India’s largest lender marks its 70th anniversary, plans to “solarise” 4 million homes by FY27

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

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

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

The company operates three manufacturing facilities for Microcrystalline Cellulose, one of which is the Hyderabad unit where the incident occurred

While AM Green did not give the value of the transaction, Orix said the transfer price is USD 1.282 billion(S)

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

A major upgrade to the Passenger Reservation System will also increase booking capacity, with Tatkal ticket authentication becoming mandatory from July 1 onwards