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"business-news"

  • 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
  • Tesla awards CEO Musk USD 29 billion stock months after court scraps pay

    Tesla awarded Elon Musk $29 billion worth of stock, months after a court struck down his earlier $56 billion pay. The new shares match terms of the old plan. Musk has appealed, and Tesla is reviewing his compensation
  • Centre slashes prices of 35 key medicines to boost affordability

    The NPPA has cut retail prices of 35 essential medicines, including antibiotics, anti-diabetics, and cardiovascular drugs, to make healthcare more affordable. Retailers must comply or face penalties under DPCO and the Essential Commodities Act
  • WhatsApp bans over 98 lakh accounts in India in June to curb abuse

    With nearly 20 lakh accounts removed proactively the platform also introduced tools like Status Ads and Promoted Channels to expand business features, amid ongoing user safety efforts
  • RBI may cut repo rate by 25 bps in August MPC meet: SBI Research

    SBI Research expects the RBI to cut the repo rate by 25 basis points in August, citing soft inflation, early festive demand, and global headwinds. It warns against delayed action that may miss the current policy window
  • RBI likely to hold repo rate steady in August MPC meet: HSBC report

    The Reserve Bank of India is expected to maintain the status quo on repo rates in the August 6 MPC meet, as per HSBC Global Investment Research. The report projects 7 per cent GDP growth in upcoming quarters despite inflation and corporate margin pressures
  • Reliance Power, Infra hit lower circuit as ED summons Anil Ambani in money laundering case

    Shares of Reliance Power and Reliance Infrastructure hit their lower circuit limits after the ED summoned Chairman Anil Ambani in a money laundering probe. The case involves alleged loan diversions exceeding Rs 17,000 crore across his group companies
  • NSDL IPO subscribed 15x on final day; NIIs lead the charge

    NSDL’s IPO was oversubscribed 15 times on the final day, driven by strong interest from NIIs and retail investors. The grey market premium rose to Rs 937. Share allotment is on August 2, and listing is set for August 6, 2025
  • Gold falls Rs 400 to Rs 97,620 per 10g; silver drops Rs 2,500 amid global cues

    Gold prices dipped Rs 400 to Rs 97,620 per 10 grams in Delhi, tracking weak global cues and persistent selling by stockists. Silver prices tumbled Rs 2,500 to Rs 1,09,500 per kg as investor sentiment weakened due to US Fed’s hawkish stance
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