Business

The government is likely to compensate state-run oil firms — IOC, BPCL, and HPCL — with Rs 30,000–35,000 crore for LPG under-recoveries over the last 15 months. The compensation may be funded through additional revenue from the recent excise duty hike

The announcement came during the Galaxy Unpacked event where the company unveiled the Galaxy Z Fold 7 and Flip 7

GHIAL has acquired a 70 percent stake in ESR GMR Logistics Park Private Limited, making it a fully owned subsidiary. This strategic move supports GHAL’s Airport Land Development strategy and strengthens Hyderabad’s position as a key logistics hub.

A team from India’s Commerce Ministry is set to visit Washington for trade negotiations with the US. Talks aim to resolve tariff disputes on key sectors like dairy, autos, and steel as both nations work toward a bilateral trade pact

The share purchase agreement has been discussed, and bidders will soon be invited to submit financial bids

Vedanta Resources Ltd (VRL) is a ‘parasite’ holding company with no significant operations of its own, propped up entirely by cash extracted from its dying ‘host’: Vedanta Ltd (VEDL), Viceroy said in an 85-page report

The drug-maker is recalling India-produced Metoprolol Succinate extended-release tablets in 100 count and 500 count bottles in US

Billionaire Anil Agarwal’s company denies allegations, says report aimed at manipulating market sentiment for profit

The chatbot, developed by Musk’s company xAI, posted vulgarities against Turkish President Recep Tayyip Erdogan, his late mother and personalities, while responding to users’ questions on the X

Sabih Khan, 58, has been with Apple for 30 years and is currently senior vice president of operations. The transition comes at a time when US President Donald Trump nudged Apple to move production of iPhone to America

Pakistan plans to sell a majority stake in its debt-laden national airline, PIA, by end-2025 after a failed 2023 attempt. Four local firms have been pre-qualified for bidding, with the process expected to conclude in the year's final quarter

RBI’s June 2025 Financial Stability Report highlights India's improving banking health. However, rising household and public debt, and rapid unsecured retail lending point to potential risks amid uncertainties

Indian benchmark indices fell on Wednesday amid mixed global cues, tariff worries, and caution ahead of Q1 earnings. Sensex dropped 170 points while Nifty dipped 44. Brent crude eased, and FIIs turned net sellers while DIIs were net buyers.

The rupee weakened by 17 paise to 85.90 against the US dollar on Wednesday due to a stronger greenback and weak domestic equities. A dip in Brent crude prices helped limit further losses. FIIs sold Rs 26 crore worth of shares.

Ten central trade unions began a nationwide strike Wednesday, disrupting banking, postal, power, and transport services across several states. The protest targets new labour codes, PSU privatisation, contractualisation, and demands including a Rs 26,000 minimum wage and farm loan waivers.

The company's digital float activity has been introduced keeping in mind the need for deeper and significant penetration across semi-urban and rural belts

Company Director (P&P) K Venkateshwarlu and Director (PA&W) Gautam Potru held a meeting with general managers of all the areas through video conference on Tuesday to review the steps taken to ensure that coal production and transportation were not disrupted

Trump’s tariff threat is a risky shortcut that could deepen uncertainty, provoke retaliation, and ultimately isolate the US from the very trade flows it seeks to dominate

Hundreds of Chinese professionals working at Foxconn India units have returned to China in the last two months

Millions of bank workers across India will join nationwide strike on July 9 as unions protest labour reforms and privatisation of public institutions

The cost of vegetarian and non-vegetarian thalis rose by 3 per cent and 4 per cent respectively in June due to a sharp 36 per cent month-on-month spike in tomato prices. Crisil’s report predicts further increases amid seasonal trends and weak summer sowing

The social media platform said the Ministry of Electronics and Information Technology demanded immediate action — within one hour — without providing justification, and required the accounts to remain blocked until further notice

President Donald Trump has imposed new tariffs on imports from Japan, South Korea, and 10 other nations, effective August 1. The move has sparked diplomatic pushback, legal challenges, and market jitters as trade negotiations remain unresolved and uncertainty looms

Says Sebi investigation began in April 2024 during her tenure; calls media allegations of regulatory failure “unfortunate”