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"business-news"

  • ICICI Bank hikes minimum average balance to Rs 50,000 — How will it affect you

    Customers of metro and urban branches must maintain a minimum average balance of Rs 50,000 under the new structure — up from the earlier limit of Rs 10,000
  • SEBI proposes relaxed rules for resident Indians to invest in foreign funds

    SEBI has proposed easing FPI norms to allow resident Indians and mutual funds greater access to foreign funds via IFSC-based schemes. The move aims to boost investment diversification, with public feedback invited until August 29
  • India-Oman trade deal expected shortly as talks near completion

    India and Oman are close to finalising their Comprehensive Economic Partnership Agreement, with the signing expected soon. The pact, currently being translated into Arabic, will reduce tariffs, ease trade norms, and strengthen bilateral trade ties exceeding USD 10 billion annually
  • Indian Railways launches discounted round trip scheme for festive travel

    Indian Railways has launched a discounted ‘Round Trip Package’ for the 2025 festive season, offering a 20 per cent rebate on return fares. The scheme applies to confirmed tickets in both directions and aims to ease festival travel congestion
  • Jio eyes global leadership in 6G technology

    As of March 2025, Jio had around 191 million 5G users on its network contributing about 45 per cent to its wireless data traffic
  • Mukesh Ambani draws no salary for 5th year

    However, the promoter group firms that Reliance Industries chairman controls earn a dividend income of Rs 3,655 crore
  • Paytm becomes 100 per cent Indian-owned as Ant Group exits completely

    Paytm is now fully Indian-owned after Ant Group exited by selling its residual 5.84 per cent stake. The move marks a major shift in the company’s ownership structure, aligning with its long-standing vision of building a homegrown tech champion
  • WhatsApp introduces new safety feature to combat scam groups

    WhatsApp has rolled out a ‘Safety Overview’ feature to protect users from being added to unknown groups, as part of a broader anti-scam push. Over 6.8 million scam-linked accounts were banned, with operations disrupted across Southeast Asia
  • Infosys launches advanced AI and space tech centre in Hubballi

    Infosys has inaugurated a new Centre for Advanced AI, Cybersecurity, and Space Technology in Hubballi, Karnataka. Part of its global Living Labs network, the facility enhances digital innovation and pushes its local workforce beyond 1,000 employees
  • India contributing more to global growth than US: RBI Governor counters Trump’s ‘dead economy’ barb

    RBI Governor Sanjay Malhotra dismissed US President Donald Trump's "dead economy" jibe, asserting that India is doing well and contributing 18% to global growth—more than the US. Inflation won't be impacted by potential oil-related sanctions, he added
  • RBI will continue to act to support growth: Governor

    RBI Governor Sanjay Malhotra assured that the central bank will continue to take necessary steps to support India’s economic growth amid global trade uncertainties. He also expressed optimism about an amicable resolution to ongoing trade negotiations
  • Anil Ambani grilled by ED for 9 hours in Rs 17,000-crore loan fraud case, to be called again

    According to sources, Reliance Group Chairman sought to deny any involvement in the case, maintaining that all the financial decisions were taken by the internal board of his companies
  • Trump says he will raise tariffs on India substantially in next 24 hours

    New Delhi calls the threat of additional tariffs “unjustified and unreasonable”
  • India saw over 84,000 gaming accounts leaked in 2024: Kaspersky report

    Over 84,000 gaming account credentials were leaked in India in 2024, according to cybersecurity firm Kaspersky. The Asia-Pacific region leads globally in gaming-related data breaches, with over 11 million accounts exposed worldwide amid rising mobile and digital penetration
  • Hyderabad’s Jeh Aerospace raises USD 11 mn in Series A funding round

    The fresh funds infusion comes soon after corporate venture arm of IndiGo made its first investment in Jeh Aerospace last month
  • 48 passengers placed on no-fly list till July: Govt

    The Centre informed Parliament that 48 passengers were placed on India’s 'no-fly list' till July 30 this year due to unruly behaviour. The DGCA rules prescribe bans ranging from three months to over two years based on severit
  • ITR verification must be completed in 30 days to avoid invalidation, warn experts

    Income tax returns filed online must be verified within 30 days, or they will be considered invalid. With the AY25-26 deadline set for September 15, tax experts urge users to complete the e-verification step to ensure their returns are processed
  • Hyderabad-based Aurobindo Pharma’s Q1 net profit falls 10 per cent to Rs 824 crore

    The company has declared an interim dividend of Rs 4 per equity share, to be paid on or before August 21
  • Will substantially raise tariffs on India over Russian oil purchase, says Trump

    The US President had mounted a sharp attack on India and Russia for their close ties and said the two countries can take their “dead economies down together”
  • Tesla to open 2nd India showroom in Delhi’s Aerocity on August 11

    The Aerocity facility, currently in the final stages of construction, is expected to command a monthly rent of around Rs 25 lakh
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