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"business-news"

  • New framework: SEBI reduces timeline to complete rights issues to 23 days, effective from April 7

    The provisions of this circular will come into force from April 07, 2025 and will be applicable to the Rights Issues that are approved by the Board of Directors of the Issuer from the date of coming into force of this circular, according to the markets regulator
  • Jio collaborates with Elon Musk’s SpaceX to offer Starlink services in India

    "By integrating Starlink into Jio's broadband ecosystem, we are expanding our reach and enhancing the reliability and accessibility of high-speed broadband in this AI-driven era, empowering communities and businesses across the country": Mathew Oommen, the Group CEO of Reliance Jio
  • After Dharavi project, Adani Group wins Rs 36,000 cr redevelopment of Motilal Nagar in Mumbai

    Motilal Nagar I, II & III is one of Mumbai’s biggest housing redevelopment projects, covering 143 acres in western suburb of Goregaon (W)
  • IndusInd Bank’s Rs 2,100 cr accounting lapse: CEO says lender has enough reserves to cover for it

    I think RBI is uncomfortable with my leadership skills of running the bank and we have to respect that, says bank CEO
  • RBI to issue Rs 100, Rs 200 notes bearing Governor Sanjay Malhotra’s signature

    The design of these notes is similar in all respects to Rs 100 and Rs 200 banknotes in Mahatma Gandhi (New) Series, RBI said in a statement
  • IndusInd Bank’s accounting discrepancies: How worried should depositors be?

    Lender’s stocks plunge over 26 per cent eroding Rs 14,000 crore in market value on March 11, net worth expected to decline by nearly Rs 2,100 crore
  • Hyundai Motor plans to build 1st local hydrogen fuel cell plant

    Hyundai Motor plans to build its first hydrogen fuel cell systems plant in South Korea for the start of operations in 2028
  • Delhi-bound AI flight returned to Chicago as lavatories were clogged

    On March 6, AI126 from Chicago to Delhi returned to the US city after being airborne for more than 10 hours as the crew found polythene bags, rags, and clothes stuck in the plumbing which led the lavatories to become unserviceable, AI said in a statement
  • Tax department is not into snooping on social media accounts of taxpayers, say I-T sources

    Digital, social media accounts accessed only in search, survey ops; not against common taxpayer: top I-T department official
  • India can become global hub for submarine telecom cable network

    The country currently hosts around 17 international subsea cables across 14 distinct landing stations located in Mumbai, Chennai, Cochin, Tuticorin and Trivandrum
  • Goods and Services Tax rates to be reduced further: FM Nirmala Sitharaman

    FM Sitharaman mentioned that the revenue neutral rate (RNR), which was 15.8 per cent when GST was introduced in July 2017, has now come down to 11.4 per cent in 2023 and will decrease further
  • IIT, Hyderabad, joins hands with Coal India to develop clean coal tech

    CIL has green-flagged a grant of Rs 98 cr to IITH for a duration of five years for setting up Centre of Excellence on the institute’s campus
  • Soon you can withdraw PF amount directly from ATMs

    The government plans to launch EPFO 3.0 app by May or June this year which will offer banking-like convenience along with several digital features to make transactions easier
  • Sebi board members will have to reveal conflict of interest, says Chairman Tuhin Kanta Pandey

    US-based short seller Hindenberg had made allegations against Pandey’s predecessor Madhabi Puri Buch circling around potential conflicts of interest based on whistleblower documents
  • Indian tech startup ecosystem now ranks second, after US

    India is home to over 7,000 active women-led startups, accounting for 7.5 per cent of all active startups in the country.
  • Reliance Retail slashing jobs to boost valuations as it readies for IPO

    The company is also limiting the presence of its physical stores, slashing marketing budgets and merging Reliance Brands Ltd, with its umbrella retail entity, according to report
  • Castrol India stock zooms over 13 per cent as Aramco explores buying BP’s lubricant division

    As part of a significant restructuring effort, BP (formerly the British Petroleum) has initiated a strategic evaluation of its Castrol lubricants division, stating that it could have a valuation of nearly $10 billion
  • India now home to 191 billionaires

    Combined wealth of Indian billionaires is estimated at $950 billion, ranking the country third globally, behind the US ($5.7 trillion) and Mainland China ($1.34 trillion). Millionaire population up 6 per cent in 2024: Knight Frank
  • MWC 2025: India’s guiding principles towards tech governance

    Minister for Communications, Jyotiraditya Scindia, says Innovation, inclusivity, sustainability and trust form the core of India's guiding principles towards tech governance, at the Mobile World Congress (MWC)
  • Struggling Ola Electric fails to start cell manufacturing at its Gigafactory

    Bhavish Aggarwal-run Ola Electric reported a massive net loss of Rs 564 crore in Q3 of FY25. It is laying off more than 1,000 employees in its second round of job cuts within months  
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