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"business-news"

  • Trade talks: USTR Jamieson Greer plans to visit South Korea this week

    Greer is scheduled to arrive in South Korea on Thursday for a two-day stay to attend the Asia-Pacific Economic Cooperation (APEC) trade ministers meeting, which will be held on the southern resort island of Jeju
  • Swiggy’s March quarter net loss nearly doubles to Rs 1,081 cr

    Total expenses shot up to Rs 5,609.6 crore during the the March quarter of FY25, as against Rs 3,668 crore in the corresponding period of the previous year
  • No shortage of fuel, Indian oil companies assure public

    State-owned IOC, BPCL and HPCL in separate statements said India has ample fuel stocks available and there is no need for panic buying
  • SBI to sell 13 per cent stake in Yes Bank to Japanese SMBC for Rs 8,889 cr

    The executive committee of the central board (ECCB) of the bank in the meeting has accorded approval to divest 413.44 crore shares or equivalent to 13.19 per cent stake in Yes Bank, for a consideration of Rs 8,888.97 crore, SBI said
  • Indian Overseas Bank clarifies about rumours of ATM closures as ‘false’, ‘unfounded’

    "Indian Overseas Bank assures the public that all our ATMs are fully operational. The rumours circulating about ATM closures are false and unfounded", the bank said
  • No impact of India-Pak tensions on Basmati trade, says rice exporters body

    All India Rice Exporters Association president Satish Goel said the recent increase in prices of the commodity was owing to higher demand and not due to the ongoing India-Pakistan tensions
  • Centre notifies expansion of Credit Guarantee Scheme for Startups

    DPIIT, Ministry of Commerce and Industry, has notified the expansion of the CGSS, which increases the ceiling on guarantee cover per borrower from Rs 10 crore to Rs 20 crore
  • Reliance withdraws ‘Operation Sindoor’ trademark application, says it was filed inadvertently

    The Mukesh Ambani-run firm was the first to apply for a patent on May 7 and was followed by three more — a Mumbai resident, a retired Indian Air Force officer and a Delhi-based lawyer
  • LG Electronics begins work on Rs 5,000-crore plant in Andhra Pradesh

    The South Korean giant’s investment in Andhra Pradesh is the largest single stage electronics investment in South India. Production at the home appliance factory is expected to begin at the end of next year
  • India’s services sector growth improves slightly in April

    The seasonally adjusted HSBC India Services PMI Business Activity Index reached 58.7 in April, up from 58.5 in March, indicating a sharp and stronger expansion in service sector output
  • CBI arrests Oil India’s deputy general manager, private company executive for bribery

    Prayas Chakravorty, a deputy general manager (DGM) of Oil India Limited (OIL), had allegedly demanded a bribe from Jyoti Kumar Singh, the DGM of Noida-based United Drilling Tools Limited, for the award of a certain contract in favour of the private company, they said
  • Airtel’s B2B arm launches ‘Business Name Display’ solution for enterprises

    The solution was piloted with over 250 businesses across sectors, including banking, retail, food delivery, mobility, Quick commerce, courier and logistics
  • India’s mineral production rises to all-time high in 2024-25

    The output of iron ore, which accounts for 70 per cent of the total mineral production by value, increased to 289 million metric tonnes (MMT) in FY 2024-25, breaking the earlier production record of 277 MMT achieved in FY 2023-24, registering a 4.3 per cent growth
  • Parameswaran Iyer to represent India on IMF Board at key meet on Pakistan loan

    Iyer will represent India on the IMF Board as the slot has fallen vacant following the recall of KV Subramanian as the country’s executive director, six months ahead of his three-year tenure
  • US expects to seek tariff cuts, regulatory reforms in trade deal with India: GTRI

    In the agri sector, the Global Trade Research Initiative (GTRI) said the US demands include scaling back India's minimum price support (MSP) programs for crops like rice and wheat, removing restrictions on genetically modified (GM) imports, and lowering farm tariffs
  • CII unveils guidebook on effective adoption, governance of AI for board leaders

    AI requires careful governance to fully harness its potential while mitigating the risks and challenges it presents, CII said in a release, adding that the guidebook aims to serve as an effective tool for the board of directors to navigate the intricate landscape of AI governance and drive better business outcomes
  • Centralised KYC system in works: Tuhin Kanta Pandey

    The Central KYC is an online database that maintains KYC records of customers in a centralised manner, aiming to streamline compliance across financial institutions
  • Petrol, diesel demand rises 4 per cent in April as summer fuels consumption

    Diesel, India's most consumed petroleum fuel and lifeline of transport and rural agri economy, saw just 2 per cent growth in demand in fiscal year ended March 31, 2024 and no growth at all in the preceding financial year
  • Huge interest among global firms to collaborate with Indian Institute of Creative Technology: Vaishnaw at WAVES event

    The Information and Broadcasting minister made these remarks after seven leading firms -- JioStar, Google, Adobe, Meta, Apple, NVIDIA and Microsoft -- exchanged Letters of Intent with the IICT on the sidelines of the World Audio Visual and Entertainment Summit (WAVES) here
  • Andhra Pradesh govt inks Rs 10,000 cr deal to build AI-powered transmedia city ‘Creatorland’

    The project will include theme parks, gaming zones, and global cinema co-production zones, and aims to drive job creation, skill development, tourism, and digital innovation
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