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"business-news"

  • 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
  • SBI Q4 profit declines 10 per cent to Rs 18,643 crore

    India’s biggest lender had earned a profit of Rs 20,698 crore in the January-March period of 2023-24
  • India bans direct, indirect imports of all goods from Pakistan

    A provision in this regard has been added in Foreign Trade Policy (FTP) 2023 "to prohibit direct or indirect import or transit of all goods originating in or exported from Pakistan with immediate effect until further orders", it said in the notification dated May 2
  • RBI data: Rs 2000 notes worth Rs 6,266 cr still in circulation after 2 years

    The Rs 2000 banknotes continue to be legal tender. On May 19, 2023, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2000 denomination banknotes from circulation
  • Paul & Shark sign up with KL Rahul

    KL Rahul, one of India’s most accomplished cricketers, as the first-ever Indian athlete to be named a global ambassador
  • Coal India Ltd’s coal offtake drops to 63.4 MT in April

    Coal offtake refers to the volume of coal supplied from a coal pithead. It's different from coal production as it can include previously stored coal
  • Majority of iPhones sold in US will be made in India in June quarter: Apple CEO

    During the company's second-quarter earnings call, Apple CEO Tim Cook said that Vietnam will become the country of origin for almost all iPad, Mac, Apple Watch, and AirPods products sold in the US
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