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"business-news"

  • IndusInd Bank’s accounting lapses: Deputy CEO Arun Khurana resigns

    The private sector lender had informed that a bank-appointed external auditor has determined a cumulative adverse accounting impact on P&L at Rs 1,959.98 crore as on March 31, which is similar to the amount disclosed on April 15
  • US Treasury Secretary says ‘India is likely to be one of first to finalise BTA with US’

    “We've had many countries come forward and present some very good proposals, and we're evaluating those.” “I would guess that India would be one of the first trade deals we would sign. So watch this space,” Bessent said
  • Fire breaks out at Hyderabad-based Aurobindo Pharma’s plant

    The company temporarily suspends operations at the Penicillin-G production facility in Kakinada, Andhra Pradesh
  • RBI ask banks to ensure ATMs dispense Rs 100, Rs 200 notes

    According to the circular, by September 30, 2025, 75 per cent of all ATMs shall dispense either Rs 100 or Rs 200 denomination banknotes from at least one cassette 
  • Hyderabad-based Dr Reddy’s to introduce Sanofi’s novel drug in India

    The company plans to introduce Beyfortus, which contains the monoclonal antibody nirsevimab, in a prefilled injection used for the prevention of respiratory syncytial virus (RSV) lower respiratory tract disease (LRTD) in newborns and infants
  • Hyd-based CtrlS Datacenters to invest Rs 500 cr for greenfield data centre in Bhopal

    CtrlS Datacenters has announced an investment of Rs 500 crore for a greenfield data centre in Bhopal. A virtual groundbreaking ceremony of the facility took place with Madhya Pradesh Chief Minister Mohan Yadav presiding over the proceedings
  • India-US have continuous dialogue, communication over bilateral trade agreement: MoS Jitin Prasada

    Prasada made remarks while addressing members of the Indian-American community at an interactive session organised by the Consulate General of India in New York
  • Youngest son Anant Ambani appointed as whole-time director at Reliance Industries

    The decision was announced following a board meeting, and the appointment is set to take effect from May 1, 2025. Anant will serve in this role for five years.
  • Pahalgam attack: IndiGo says some international flights remain impacted

    Amid escalating tensions between India and Pakistan due to the Pahalgam terror attack, Pakistan has barred Indian airlines from using its airspace 
  • Apple may shift entire iPhone assembly for US to India by next year: Report

    This would mark a major move in Apple's global manufacturing strategy, as the tech giant continues to reduce its dependence on China, according to a report by Financial Times
  • Sensex, Nifty plunge over one per cent amid geopolitical tensions

    Domestic benchmark indices opened flat to positive in morning trade but turned red during intra-day trade. Sensex and Nifty fell by more than 1 per cent as uncertainty over India-Pakistan relations affected investors' sentiment
  • Pahalgam attack: Pakistan’s stock market plunges

    KSE-100 index plunged by 2,485 points early in the session as tensions between India and Pakistan simmer
  • Adani-Hindenburg saga: How ‘Operation Zeppelin’ unfolded

    In January 2023, Hindenburg published a scathing report describing the Adani Group as “the largest con in corporate history”. The fallout was swift: stock prices plummeted, wiping out over $150 billion in market value, and the group’s biggest public offering was abruptly scrapped
  • Govt extends tenure of RBI Deputy Governor T Rabi Sankar by one year

    The Appointments Committee of the Cabinet has approved the re-appointment of Rabi Sankar for a period of one year with effect from May 3, 2025, or until further orders
  • Gold touches Rs 1 lakh for first time

    According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold rose sharply from Rs 96,670 to Rs 1,00,000 per 10 grams -- a jump of Rs 3,300 within 24 hours
  • FM Nirmala Sitharaman invites global IT CEOs to explore opportunities in India

    During a bilateral meeting with Google Cloud CEO Thomas Kurian and his team here, Sitharaman encouraged them to explore local linkages in India for territorial collaboration and to develop tech for India and the world market under the 'Make In India' initiative
  • India, US finalise ToR for proposed bilateral trade agreement: USTR

    India and the US have finalised the terms of reference outlining the roadmap for negotiations of the proposed Bilateral Trade Agreement (BTA)
  • Gensol shares tumble 5 per cent; hit fresh lower circuit level

    Shares of Gensol Engineering tumbled 5 per cent to hit another lower circuit limit as investors continued to desert the company's counter amid the ongoing crisis at the firm
  • Gold prices hit record high of Rs 96,805, may touch Rs 1 lakh mark soon

    Spot gold prices in India also surged. According to the India Bullion and Jewellers Association (IBJA), the fine gold (999 purity) was priced at Rs 9,659 per gram, while 22-carat gold stood at Rs 9,427
  • India’s jewellery industry expected to reach $128 billion by 2029

    Gold continues to dominate the market with an 86 per cent share, but lab-grown diamonds (LGDs) are emerging as a powerful growth catalyst, said the report by 1Lattice
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