"business-news"

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

At Super AI in Singapore, Vexoo Labs highlighted how most AI tools "hallucinate" and are unfit for India’s manufacturing MSMEs. The company promotes a trust-first, accuracy-focused AI model designed for Tier-II and Tier-III cities fueling India’s industrial growth

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

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

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

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

RBI’s updated gold loan regulations are set to transform lending practices, with S&P Global Ratings noting that agile lenders stand to benefit. Key changes include stricter LTV calculations and mandatory cash flow-based appraisals, posing operational and compliance challenges for NBFCs

The programme, Walmart Vriddhi, has partnered with Ideas to Impact Foundation (i2i), which will enable more MSMEs to expand their access to both national and international markets

The move comes amid a slight decline in gold imports during April–May, which totaled USD 5.64 billion. Colloidal precious metals are suspensions of gold or silver nanoparticles dispersed in a liquid

Chandrasekaran was elevated to Tata Sons as the chairman in 2017, after being the CEO of TCS for eight years

The policy, aimed at identifying “hostile” content, has drawn criticism for potential censorship and chilling free speech