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"business-news"

  • China imposes anti-dumping duties of up to 34.9 per cent on European brandy as trade tensions rise

    China has imposed anti-dumping tariffs of up to 34.9 per cent on European brandy, mainly targeting French cognac, amid escalating trade tensions. The move follows EU's probe into Chinese EVs and adds strain ahead of the upcoming China-EU summit
  • EaseMyTrip co-founder pledges share worth Rs 93.6 crore for ‘personal use’

    Prashant Pitti pledges 9 crore shares in the company to Motilal Oswal Financial Services. Move comes at a time when the company is already under scrutiny for alleged links with Mahadev Betting App
  • Pakistan, Russia plan road and rail links to boost trade routes

    Pakistan and Russia have agreed to expand regional rail and road networks to improve trade links and offer landlocked Central Asian countries access to warm waters. The collaboration aims to position Pakistan as a strategic transit hub connecting Asia and Russia
  • Massive stock market scam: How US firm Jane Street rigged Indian indices for Rs 43,000 crore profit

    Sebi bans Jane Street and three of its related entities — JSI2 Investments Private Ltd, Jane Street Singapore Pte Ltd, and Jane Street Asia Trading Ltd — from accessing the Indian securities market until further notice
  • Realme releases new teaser for launch of 15 Series with cryptic ‘Live for Real’ poster

    Realme teases its upcoming 15 Series with a mysterious campaign and tagline "Live for Real." Featuring AI camera upgrades and flagship features in the Pro model, the phone is expected to launch in India soon, sparking celebrity collaboration rumours
  • India launches anti-dumping probe on polyethylene imports from six nations

    India’s Directorate General of Trade Remedies has initiated an anti-dumping probe into polyethylene imports from six countries after a domestic industry complaint. The investigation could lead to duties if material injury from cheap imports is established, per WTO rules
  • Starlink’s India launch awaits IN-SPACe nod

    The most regulatory requirements have been addressed and a Letter of Intent has been issued, final approvals are pending before the rollout begins
  • US Senator proposes 500 per cent tariff on nations buying oil from Russia

    External Affairs Minister S Jaishankar said that any development happening in the US Congress is of interest to India “if it impacts our interest or could impact our interest”
  • Garuda Aerospace wins multi-State contracts for AI-powered drone services

    Garuda Aerospace has secured contracts from Gujarat, Tamil Nadu, and Jharkhand governments to provide AI-powered drone services, including mining surveys, database creation, and monitoring
  • Biocon Biologics gets EU approval for Denosumab biosimilars

    Denosumab biosimilars Vevzuo and Evfraxy are used for treating various bone diseases. The approvals mark a key step in the company’s European expansion and reinforce its commitment to affordable biologic therapies
  • IndiGrid to build India’s largest battery storage system with IFC

    The Rs 460-crore project will come up in Gujarat and support India meet clean energy targets by 2030
  • India launches anti-dumping probe into Indonesian multi-layer paperboard

    India’s DGTR has initiated an anti-dumping investigation into imports of multi-layer paperboard from Indonesia. The probe follows a complaint by Indian manufacturers who allege injury from cheap imports. The outcome may lead to duties, pending finance ministry approval
  • Siddaramaiah’s remarks on Covid vaccines factually incorrect, misleading: Biocon chief Kiran Mazumdar-Shaw

    Karnataka Chief Minister has said the recent heart attack deaths in Hassan district may be linked to the vaccination drive. He also claimed the vaccines were 'hastily' approved
  • Pashamylaram accident: Sigachi Industries shares fall for third straight day, tumble nearly 8 per cent

    In three days, the stock has lost 22.63 per cent on the BSE. On July 2, the stock dropped 7.34 per cent to settle at Rs 42.69 apiece on BSE while it it tanked 7.57 per cent to Rs 42.56 a share on NSE
  • Over 27 lakh power sector employees to strike on July 9 against privatisation; protests planned in Hyderabad too

    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
  • Cab aggregators can charge up to 2-times the base fare during peak hours

    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
  • M&M, Toyota see growth while Maruti, Hyundai face slowdown

    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
  • Pashamylaram blast: Sigachi Industries shares fall for 2nd day, tumble nearly 6 per cent

    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 clears pending dues of Adani Power

    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
  • ED raids Raheja Developers in Delhi-NCR in money laundering case

    FIRs allege Raheja Developers fraudulently collected substantial sums from investors and homebuyers on the promise of delivering residential flats in various group housing projects
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