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"business-news"

  • Realme ropes in Vicky Kaushal as brand ambassador for smartphones

    Smartphone brand realme has appointed actor Vicky Kaushal as its brand ambassador ahead of the July 24 launch of the realme 15 Series
  • UAE’s new Golden Visa opens lifetime residency to Indian investors

    The UAE has revamped its Golden Visa scheme, offering lifetime residency for AED 100,000 (~Rs 23.3 lakh). This change may reshape Indian investment strategies, shifting focus from residency-based property purchases to long-term, value-driven real estate decisions
  • JioBlackRock raises Rs 17,800 crore in maiden mutual fund offering

    JioBlackRock Asset Management, a joint venture between Jio Financial Services and BlackRock, has raised Rs 17,800 crore through its maiden New Fund Offer. The three-day NFO received strong participation from institutional and retail investors, marking a significant debut in the debt fund space
  • China says BRICS not aimed at confrontation amid Trump tariff warning

    China stated that BRICS is not a confrontational bloc and targets no nation, responding to Donald Trump’s threat to impose extra tariffs on countries supporting BRICS. China reiterated its stance on open cooperation and warned against protectionist trade practices
  • India’s service sector powers ahead in USD 5 trillion economy push

    India’s service sector has become the backbone of the nation’s economic growth, contributing 55 per cent to GVA in FY25. A new report highlights massive growth across IT, BFSI, healthcare, telecom, and e-commerce
  • Sebi Chairman says, no other market risk like Jane Street case

    Sebi Chairman Tuhin Kanta Pandey said the regulator does not see widespread risks similar to the Jane Street manipulation case. SEBI is planning to enhance surveillance after impounding over Rs 4,843 crore from the hedge fund for index manipulation
  • Biocon Biologics gets UK’s MHRA approval for Denosumab biosimilars

    The company also secured European Commission authorisation, enabling the launch across the EU and EEA regions
  • India’s economy has tripled from Rs 106.57 lakh crore to Rs 331.03 lakh crore in 2024–25

    India’s economy has tripled in a decade, with 6.5 per cent GDP growth in 2024–25 and easing inflation. Strong domestic demand, stable investment, and global confidence are fueling momentum. CPI inflation hit a six-year low, and markets remain resilient and optimistic
  • National Medical Council relaxes medical faculty rules

    New NMC 2025 rules allow non-teaching consultants with experience to become professors without senior residency. Government hospitals with 220 plus beds can become teaching institutes. The reforms aim to expand medical faculty, boost MBBS/PG seats, and strengthen India’s healthcare education
  • India’s free trade agreements will never come at the cost of national interest: Piyush Goyal

    Commerce Minister Piyush Goyal assured traders that India’s free trade agreements will protect national interests and sensitive sectors. Speaking in Srinagar, he said FTAs aim for reciprocal benefits, fair trade, and domestic growth, especially amid US tariff hike talks
  • Govt aims to make India globally trusted partner in supply chains: Piyush Goyal

    Commerce Minister Piyush Goyal praised India’s engineering growth and visited the KIADB Aerospace SEZ, highlighting HAL and Safran's collaboration. Their LEAP engine parts production boosts “Make in India” goals and strengthens India’s role in global aerospace supply chains
  • FM Nirmala Sitharaman discusses issues of bilateral cooperation with Russian, Chinese counterparts

    Finance Minister Nirmala Sitharaman held key meetings with leaders from Russia, China, Indonesia, and Brazil during BRICS in Rio. Discussions focused on global cooperation, financial reforms, digital payments, climate finance, and boosting voices of developing nations
  • Setback to Saif Ali Khan in Rs 15,000-crore Bhopal property case

    The Madhya Pradesh High Court has ordered a retrial, setting aside a 2000 verdict that had favoured Saif Ali Khan’s family. The court cited legal lapses and directed a year-long deadline
  • India-Pakistan trade continues in May despite border tensions

    Imports from India reached a three-year high, while Pakistan’s exports remained negligible, underlining a significant trade imbalance
  • Crude oil prices may recover as supply stabilises and tensions ease

    Traders are focused on the July 5 OPEC+ meeting, where a third consecutive production hike of 4,11,000 barrels per day is expected to be approved for August
  • RVNL secures Rs 143 crore order from Southern Railway for traction system upgrade

    The scope of work includes converting the existing 1x25 kV traction system to a more advanced 2x25 kV system on the Salem Junction–Podanur Junction and Coimbatore Junction–Podanur Junction–Irugur sections.
  • India becomes world’s fourth most equal country, says World Bank report

    India's Gini index stands at 25.5, ranking it the fourth most equal country globally, ahead of China and the US, according to the World Bank. This reflects India's success in reducing poverty and implementing inclusive welfare and financial initiatives
  • Zerodha CEO warns retail trading could dip if Jane Street exits

    Zerodha CEO Nithin Kamath warned that retail trading may be affected if proprietary trading giants like Jane Street withdraw from Indian markets. Kamath's remarks follow Sebi’s order barring Jane Street over alleged market manipulation and impounding over Rs 4,843 crore
  • India proposes WTO-sanctioned tariffs on US over auto duties

    On March 26, the US adopted a safeguard measure in the form of a tariff increase of 25 per cent ad valorem on imports of passenger vehicles and light trucks, and on certain automobile parts from India
  • India-US interim trade talks in final phase, deal likely before July 9

    India has hardened its position on giving duty concessions to American farm and dairy products as these are politically sensitive sectors
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