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"business-news"

  • Vedanta contributes Rs 4.5 lakh crore to government in 10 years, Rs 55,349 crore in FY25

    A significant portion of the contribution came from Vedanta’s Rajasthan and Odisha operations, reflecting its focus on transparent and responsible governance
  • Standard Chartered under RBI lens?

    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’
  • SpaceX chief appreciates license granted to Starlink in India, says Jyotiraditya Scindia

    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 buys 17.8 per cent stake of SBI in Jio Payments Bank for Rs 105 crore

    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 Infra arm RAL, Dassault announces strategic partnership to make Falcon business jets in India

    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
  • Piyush Goyal in London to finalise FTA, ways to promote trade, investment

    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
  • South City Mall sold to Blackstone for Rs 3,250 crore mega deal

    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.
  • Google’s move to make India’s digital space safer

    The company during the Google India Summit unveiled Safety Charter which is built around three key goals — keeping internet users safe from scams and frauds, strengthening cybersecurity for governments and businesses and building responsible AI systems
  • Vishal Mega Mart shares decline after Rs 10,488 crore block deal

    Vishal Mega Mart's stock fell after a big Rs 10,488 crore block deal by promoter Samayat Services. The sale followed the end of a lock-in period. Though shares dropped, experts say the company remains strong, urging short-term caution
  • PM-WANI scheme: TRAI finalises tariffs to boost retail broadband connectivity for wi-fi service providers

    TRAI set new broadband pricing rules for public Wi-Fi providers (PDOs) under the PM-WANI scheme, capping tariffs at twice the retail FTTH rates. This move aims to boost affordable public Wi-Fi and support digital inclusion across India
  • UPI transactions set to become faster from June 16

    From June 16, UPI payments will process faster, completing within 10–15 seconds. NPCI also set a 50-times daily limit for balance checks and tightened beneficiary name rules to boost security and user experience in India’s growing digital payment space
  • India’s merchandise trade deficit reduces to $21.88 billion in May

    India’s trade deficit narrowed to $21.88 billion in May 2025, helped by strong electronics exports and falling imports. Forex reserves rose to $696.66 billion, boosting the RBI’s ability to stabilize the rupee amid global uncertainty and geopolitical tensions
  • WPI inflation declines to 14-month low of 0.39 per cent in May on easing food, fuel prices

    Wholesale inflation fell to 0.39% in May due to lower food and fuel prices. However, rising crude oil prices and monsoon delays may push inflation up slightly in June. Retail inflation remains low, supporting RBI’s recent interest rate cut
  • Oil prices in international market jump as Mideast tensions escalate

    Oil prices surged after Israel attacked Iran’s South Pars gas field amid escalating tensions. While analysts expect temporary price hikes, any disruption to the Strait of Hormuz or broader conflict could lead to lasting price increases
  • Donald Trump gives green signal for Nippon Steel investment in US Steel

    President Trump approved Nippon Steel’s investment in US Steel, with conditions to protect US national security. The $28 billion deal includes $11 billion in investments, a “golden share” for government control, and commitments to keep US operations active and American-led
  • Air India, AI Express to do away with flight number ‘171’

    The Boeing 787-8 Dreamliner aircraft that went down soon after take-off was operating the flight ‘AI 171’ from Ahmedabad to London Gatwick
  • ITC completes buying of 24 Mantra Organic brand owner Sresta Natural

    ITC has acquired Sresta Natural Bioproducts, owner of 24 Mantra Organic, for Rs 472.5 crore. This move boosts ITC’s presence in the organic food market, offering over 100 products and connecting with 27,500 organic farmers across India
  • Andhra Pradesh government partners with WEF to establish first thematic centre for Energy, Cyber Resilience

    The centre will collaborate with WEF's centres for Energy, Materials, and Cybersecurity, aiming to develop green industries, AI-led governance, and pilot sustainable technologies
  • Finance Minister to review Public sector bank performance on June 27 after RBI rate cut

    to discuss host of issues, including review of financial performance and implementation of various government schemes
  • 11A, the economy class seat of the lone AI171 plane crash survivor

    Air India's AI171 flight crashed after takeoff, killing 241 people. The only survivor, seated in 11A near an emergency exit, may have escaped due to the seat's location. The plane gave a MAYDAY call but soon lost contact
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