"business-news"

About 1,00,000 tonnes of Indian basmati rice for Iran are stuck at ports due to the Israel-Iran conflict. No ships or insurance are available. Exporters face losses, and rice prices have dropped. Talks with the government are planned

Amazon India has launched an at-home diagnostic service in collaboration with Orange Health Labs. The new Amazon Diagnostics offering enables lab test bookings, sample collection in 60 minutes, and digital reports, expanding Amazon’s healthcare portfolio across six major Indian cities

Experts warn that rising tensions between Iran and Israel could severely impact India’s trade with West Asia, disrupt oil shipments via the Strait of Hormuz, and push up prices. Key exports like rice and bananas are particularly vulnerable to delays

India’s coffee exports rose 125 per cent in 11 years, reaching $1.8 billion, on account of a series of measures taken by the Coffee Board of India. Measures include export support, subsidies, and sustainable practices, boosting India's global presence and creating opportunities in specialty coffee and value-added products

India's central bank and top lenders are collaborating on a Digital Payment Intelligence Platform to combat rising digital fraud. The initiative, expected to go live soon, will use real-time data and AI to enhance payment security across the banking ecosystem

Amid rising tensions between Iran and Israel, India has ramped up Russian and US crude oil imports in June, reducing reliance on Middle Eastern supplies. Data shows India’s evolving strategy to ensure energy security amid Strait of Hormuz risks

Central Coalfields Ltd plans to open two new coal mines, aiming to boost production to 110 million tonnes this year and 150 million tonnes by 2030. It will also build four new washeries to improve coal quality for industrial use

Raymond Realty will launch six housing projects in the Mumbai Metropolitan Region in FY26 with Rs 14,000 crore sales potential. The company, post-demerger from Raymond Ltd, will list on stock exchanges on July 1 and aims to enter the Pune market

ONGC has significantly reduced gas flow at its Rudrasagar well in Assam following a blowout on June 12. With support from US experts, containment efforts are progressing, as pressure drops and safety measures like water blanketing and evacuations continue

LIC Housing Finance has reduced new home loan interest rates to 7.50 per cent , effective June 19, following the RBI’s repo rate cut. The move coincides with its 36th Foundation Day and aims to boost home ownership in affordable and mid-income segments

ONGC has made significant progress in controlling the June 12 gas blowout at its Rudrasagar well in Assam. With gas flow rates down and expert support in place, containment efforts continue amid strict safety monitoring and resident evacuations

SEBI Chairman Tuhin Kanta Pandey said there are no remaining obstacles to the NSE’s IPO, pending submission of its DRHP. SEBI is also tightening scrutiny on market manipulation in SME IPOs and derivatives, promising strict action against irregularities

India’s net direct tax collection fell 1.39% to ₹4.59 lakh crore so far this fiscal due to slower advance tax inflows and a surge in refunds. Corporate tax collections declined over 5%, while STT registered a 12% increase

NTPC’s board has approved raising up to ₹18,000 crore via non-convertible debentures (NCDs) or bonds through private placement in the domestic market. Shareholders’ approval will be sought through a postal ballot, and funds will be raised in up to 12 tranches

India Cements Ltd will sell its subsidiary, Industrial Chemicals and Monomers, to Mirai Sensing for Rs 97.68 crore. Following UltraTech Cement's acquisition of ICL in December 2024, this move marks further restructuring, with the sale expected to conclude in six months

At Super AI in Singapore, Vexoo Labs highlighted how most AI tools "hallucinate" and are unfit for India’s manufacturing MSMEs. The company promotes a trust-first, accuracy-focused AI model designed for Tier-II and Tier-III cities fueling India’s industrial growth

ICICI Bank had offered to take over mortgage lender HDFC Ltd before its reverse merger with HDFC Bank, says former HDFC chairman Deepak Parekh

The Ministry of New & Renewable Energy has launched a ₹2.3-crore startup innovation challenge to accelerate rooftop solar and renewable energy solutions in India. Startups can apply by August 20 to compete for cash prizes and incubation support

An Air India Delhi–Pune flight suffered a bird hit on Friday, leading to cancellation of the return journey. The aircraft landed safely in Pune. Air India is providing refunds, rescheduling, and accommodation. Separately, the airline is suspending 38 global flights

Sebi has proposed guiding principles for the use of AI and ML in securities markets, aimed at safeguarding investor interests and market integrity. The regulator is seeking public feedback on a framework to ensure transparency, accountability, and responsible use of such technologies