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"business-news"

  • Maharashtra: Artisans seek CM Devendra Fadnavis’s intervention after Prada’s footwear resembles Kolhapuri chappals

    Maharashtra artisans accuse Prada of copying GI-tagged Kolhapuri chappals in its 2026 collection without credit. BJP MP Mahadik urges state action, revenue sharing, and legal protection for artisans, highlighting the cultural and economic impact of this alleged appropriation
  • Shell denies reports of BP takeover talks

    The British oil giant reaffirmed its focus on simplifying its business and clarified that no approach or discussions had taken place with BP regarding a potential offer
  • US Steel buyout : Trump granted ‘golden share’ power by Nippon Steel

    The provision gives the President the power to appoint a board member and have a say in Nippon Steel's decisions that affect domestic steel production and competition with overseas producers
  • Microsoft plans ‘substantial’ layoffs at Xbox gaming division

    The job cuts at Xbox are expected to impact several teams and also affect employees working in Microsoft’s global sales operations
  • Hyderabad-based GACM Technologies to acquire 30 per cent stake in WeXL

    The projected valuation of the deal is estimated to be Rs 500 crore. The financial technology company said it aims to leverage WeXL’s existing dataset and platform to strategically transition into building an advanced AI agent framework
  • Ambani, Adani join hands again, this time to challenge state-run fuel retailers

    IOC, BPCL, and HPCL currently control over 90 per cent of India’s 97,366 petrol pumps and lead the city gas market as well
  • Bharat Biotech, GSK to cut malaria vaccine price by more than half  

    RTS,S was the first malaria vaccine recommended by the World Health Organization in 2021. The two companies said the price reduction is driven by process improvements, expanded production capacity, cost-effective manufacturing, and minimal profit margins
  • Jio was the biggest risk of my life, says Mukesh Ambani

    The richest Asian said Reliance Industries was investing its own billions of dollars in rolling out 4G mobile networks, which some analysts thought might not work out financially as India was not ready for the most advanced digital technology
  • Adani group stocks rise after annual meet; Ambuja Cements jumps 4 per cent

    The stock of Adani Power rallied 1.63 per cent, Adani Enterprises (1.44 per cent), NDTV (1.42 per cent) and Adani Total Gas (0.53 per cent)
  • India-US deal to produce F-414 jet engines to be sealed by March: HAL

    HAL and GE Aerospace are set to finalise a deal by March 2025 to jointly produce F-414 jet engines in India for Tejas Mark 2 and AMCA aircraft. HAL will also deliver 156 Prachand combat helicopters under India's biggest defence contract
  • India imposes anti-dumping duties on China chemical imports

    India has imposed anti-dumping duties on four chemicals, including PEDA and Acetonitrile, from China and other countries to protect domestic industries. The five-year tariffs follow trade remedy recommendations amid rising imports and a growing trade deficit with China
  • GNG Electronics, Glottis and Amanta Healthcare get Sebi nod for IPOs

    The three firms had filed their preliminary IPO papers with Sebi during February-March. While GNG Electronics is into refurbishing laptops and desktops, Glottis is a logistics service provider and Amanta makes medical devices and sterile liquid products
  • Our drones led frontline attack in Operation Sindoor says Gautam Adani

    Gautam Adani revealed that drones and anti-drone systems from Adani Defence played a frontline role in Operation Sindoor, India's precision strike against terror. At the AGM, he praised soldiers, outlined global headwinds, and reaffirmed record-breaking growth and investment goals
  • Adani Group to invest up to USD 20 billion in five years across sectors

    Adani, Asia's second-richest person behind Reliance Industries' Mukesh Ambani, said the objective of his conglomerate is not to just build businesses but also to create new possibilities
  • Centre unveils portal to promote EV car manufacturing, applications open till Oct 21

    India launched the SPMEPCI portal to attract global EV makers and boost domestic manufacturing. With reduced import duties and incentives for investment, the scheme supports clean mobility, innovation, job creation, and aims to position India as an EV manufacturing hub
  • Gautam Adani hails Indian Armed Forces for successfully performing ‘Operation Sindoor’

    Gautam Adani praised Indian Armed Forces for Operation Sindoor against terror sites, highlighting Adani Defence’s role with drones. He honoured their sacrifices and mourned the Air India crash victims. He emphasised that peace is earned through bravery and vigilance
  • Iran-Israel conflict: Rice exporters stare at major disruptions, payment delays

    Basmati exporters in Haryana face severe disruptions due to the Iran-Israel conflict, with 1 lakh tonnes stuck at ports and payments worth up to Rs 2,000 crore delayed. Trade risks have surged amid lack of insurance, affecting prices and exporter confidence
  • Wildlife Institute of India issues, then withdraws order to withhold salaries of staff who skipped Yoga Day event

    The Wildlife Institute of India warned staff of salary delays for skipping Yoga Day without notice but withdrew the order hours later. The directive, deemed excessive by employees, was clarified as a routine email with no actual action planned
  • SBI to train its employees to help deepen their financial understanding; to have bi-weekly yoga sessions

    SBI will train its 2.36 lakh employees in financial planning through a tie-up with FPSB India, enhancing customer service and financial literacy. The bank also launched year-round virtual yoga sessions to promote holistic employee well-being and a mindful work culture
  • India’s export sector stands strong amid rising geopolitical tensions says FIEO

    Despite Middle East tensions, India’s export sector remains resilient. FIEO notes minor disruptions in Gulf trade, but exporters are adapting through diversification and logistics management. Crude volatility is a concern, but support from the government and RBI ensures macroeconomic stability
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