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"business-news"

  • 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
  • Globe Civil Projects shares jump over 28 pc in market debut

    Globe Civil Projects Ltd made a strong market debut, with shares jumping over 28% on the BSE and NSE against the IPO price of ₹71. The ₹119-crore IPO was oversubscribed 86 times, reflecting high investor demand and strong listing gains
  • Pashamylaram industrial explosion: Sigachi Industries shares plunge over 11.50 per cent

    The stock plunged 11.58 per cent on June 30 to settle at Rs 48.79 apiece on the BSE. During the day, it lost 14.82 per cent to Rs 47. On the NSE, the stock cracked 11.19 per cent to Rs 48.95
  • AM Green BV to buy Orix Corp’s 17.5% in Greenko Energy

    While AM Green did not give the value of the transaction, Orix said the transfer price is USD 1.282 billion(S)
  • Indian railways to ease travel planning with early chart preparation

    A major upgrade to the Passenger Reservation System will also increase booking capacity, with Tatkal ticket authentication becoming mandatory from July 1 onwards
  • Government to invite bids for IDBI stake sale

    The Centre and LIC together own nearly 95 per cent of the bank, and of this, 60.72 per cent is up for sale as part of the the government’s ongoing disinvestment plan
  • GST completes 8 years with record Rs 22 lakh crore collection in FY25

    The ‘One Nation, One-Tax’ was launched by Prime Minister Narendra Modi on July 1, 2017
  • Who will be the next CEO of IndusInd Bank?

    Three names emerge as frontrunners for the top post; IndusInd Bank set to submit CEO shortlist to RBI amid leadership crisis
  • Anant Ambani to earn Rs 10–20 crore annually as Reliance Executive Director

    Anant Ambani, son of Mukesh Ambani, has been appointed Executive Director of Reliance Industries. He will earn ₹10–20 crore annually plus profit-based incentives and perks. The move is part of a succession strategy involving all three Ambani siblings
  • Indian retail sector to grow faster, shows 7 per cent sales rise in May: RAI

    India’s USD 900 billion retail sector is showing signs of recovery, with 7 per cent sales growth in May 2025, according to RAI. Quick service restaurants and consumer durables led the rise. The industry expects 9–10 per cent growth as festive spending strengthens
  • Indian auto delegation awaits China’s approval for rare earth magnet talks

    China has mandated special export licences for seven rare earth elements and related magnets. The country controls over 90 per cent of the global processing capacity for magnets, used across sectors, including automobiles, home appliances and clean energy
  • India’s ban on Pakistani cargo ships raises freight costs, delays shipments

    Pakistani importers now depend on feeder vessels, causing delays of up to 50 days, with limited but rising export-related costs
  • India’s auto sector powers $5 trillion economy dream; contributes over 7 per cent to GDP

    India’s booming automobile sector, contributing over 7 per cent to GDP, is key to its $5 trillion economy goal. With strong policy support, EV adoption, and local manufacturing growth, it reflects India’s rise in global auto production and clean-tech innovation
  • Indian cement sector sees 9 per cent year-on-year growth in May

    India's cement sector recorded 39.6 million MT production in May 2025, marking 9% YoY growth. ICRA projects continued demand from housing and infrastructure, forecasting 6–7% growth in FY26 and improving operating margins across cement firms
  • Indian IT titans shift from general digital transformation to specific AI focus

    Indian IT giants are shifting focus from general digital services to AI integration. Rather than building AI models, they aim to lead in applying AI across businesses, investing in employee upskilling, partnerships, and innovation labs to drive enterprise-wide AI adoption
  • JSW Paints acquires 74.8 per cent of Akzo Nobel India in Rs 12,915-cr deal

    Akzo Nobel NV has signed an agreement to sell its shareholding in Akzo Nobel India Ltd (ANIL) to the JSW Group, . The deal includes an open offer and marks Akzo Nobel’s strategic exit from the decorative paints segment, making it the fourth-largest player in India’s paint industry
  • Trump confirms US-China trade deal, China verifies framework details

    China confirmed a framework was agreed. The deal touches on rare earth exports, fentanyl regulations, and tariff rollbacks, while trade talks with India are expected soon
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