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"business-news"

  • 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
  • Mahindra sales rise 14 per cent in June to 78,969 units

    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
  • Bajaj Auto June sales rise 1 per cent to 3.6 lakh units

    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
  • Cabinet clears Rs 1.07 lakh crore job-linked incentive scheme

    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
  • Jet fuel price hiked by 7.5 per cent , commercial LPG gets Rs 58.5 cut

    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
  • Ola Electric sales drop 45 per cent in June, market share plunges to 19 per cent

    Over the past one month, the stock of the Bhavish Aggarwal-led company has lost 21.74 per cent of its value
  • Coal India production drops by 8.5 per cent in June

    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
  • Nirmala Sitharaman lauds SBI’s digital transformation, says it has made banking easier

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