"business-news"

At Tata Motors’ AGM, Chairman N. Chandrasekaran led a minute of silence for Air India AI-171 crash victims, paid tribute to Ratan Tata, announced the demerger into three listed entities, reported record FY25 financials, and recommended a Rs 6 per-share final dividend

Following the June 12 Air India Dreamliner crash, bookings have dropped by up to 20 per cent and fares have fallen 8–15 per cent on key routes. Increased cancellations were reported, especially among international and corporate travelers, though experts expect short-term impact

Sensex and Nifty rebounded over 1 per cent on Friday after three days of decline, driven by falling crude prices, easing geopolitical tensions, and foreign investor interest. Gains were seen across sectors, especially telecom, finance, and tech, with improved global cues.

HAL has won ISRO’s bid to manufacture the SSLV, a rocket for launching small satellites into low Earth orbit. ISRO will assist HAL for two years, after which HAL can improve the design and choose its own vendors

DMK MP Dayanidhi Maran has accused his brother Kalanidhi Maran of financial crimes dating back 22 years, demanding the restoration of Sun TV shareholding. Sun TV denies the charges, calling them speculative, defamatory, and unrelated to its current operations

Dayanidhi Maran files a legal notice against kalanithi maran over alleged fraudulent practices and financial irregularities, Demanding shareholding restoration and prompt regulatory probe

After a major service disruption in September 2024, ICICI Bank, Axis Bank, and Mastercard are exploring alternatives to DreamFolks Services for airport lounge access. With growing dissatisfaction, banks may increasingly shift to direct partnerships with lounge operators

RBI’s updated gold loan regulations are set to transform lending practices, with S&P Global Ratings noting that agile lenders stand to benefit. Key changes include stricter LTV calculations and mandatory cash flow-based appraisals, posing operational and compliance challenges for NBFCs

The programme, Walmart Vriddhi, has partnered with Ideas to Impact Foundation (i2i), which will enable more MSMEs to expand their access to both national and international markets

The move comes amid a slight decline in gold imports during April–May, which totaled USD 5.64 billion. Colloidal precious metals are suspensions of gold or silver nanoparticles dispersed in a liquid

Chandrasekaran was elevated to Tata Sons as the chairman in 2017, after being the CEO of TCS for eight years

The policy, aimed at identifying “hostile” content, has drawn criticism for potential censorship and chilling free speech

While Germany-based Siemens AG and its subsidiaries hold 69 per cent stake in SEIL, subsidiaries of Siemens Energy AG hold 6 per cent, with the remainder in free float

A significant portion of the contribution came from Vedanta’s Rajasthan and Odisha operations, reflecting its focus on transparent and responsible governance

According to reports, the Reserve Bank of India has raised concerns following alleged sales by Standard Chartered to small and medium-sized enterprises of target redemption forwards, ‘a product that can cause significant losses’

Union Minister Jyotiraditya Scindia met SpaceX COO Gwynne Shotwell, who welcomed India’s approval of Starlink’s satcom licence. Starlink joins OneWeb and Jio-SES in offering satellite internet, aiming to boost connectivity in remote areas under Digital India initiatives

Jio Financial Services acquired SBI’s 17.8 per cent stake in Jio Payments Bank for Rs 104.54 crore, making it a wholly-owned subsidiary. The deal received RBI approval on June 4, consolidating JFSL’s ownership from 82.17 per cent to 100 per cent

Reliance Aerostructure and Dassault Aviation announced a partnership to manufacture Falcon 2000 jets in India. A final assembly line in Nagpur will be set up, marking the first Falcon production outside France and boosting India's aerospace manufacturing role

Commerce Minister Piyush Goyal is in London to finalise the India-UK Free Trade Agreement. He’ll meet key UK officials and business leaders to boost trade, investment, and collaboration in sectors like manufacturing, fintech, and creative industries

Anarock was the sole transaction advisor in the deal. South City Mall spans over one million (10 lakh) square feet, and the asset generates an average annual turnover of over Rs 1800 crore.