Microfinance Industry Network (MFIN) elects new chairperson and vice-chairperson
Jul 04, 2025, at 11:21 pm
Gurgaon: Microfinance Industry Network (MFIN) announced the appointment of Vineet Chattree as Chairperson and Dibyajyoti Pattanaik as Vice-Chairperson of the MFIN Board.
SAIL opens first overseas office in Dubai to drive exports, tap emerging markets
Jul 04, 2025, at 10:15 pm
Dubai: State-run steel producer SAIL has opened its first international office in Dubai as part of its strategy to explore opportunities in emerging markets, according to an official release issued on Friday.
Adani, NLC, GMR secure green nod for thermal expansion; NTPC, Jindal, JSW held back
Jul 04, 2025, at 09:54 pm
New Delhi: The Ministry of Environment, Forest and Climate Change’s expert appraisal committee (EAC) has cleared expansion proposals of thermal power plants by Adani Power Ltd, NLC India, and GMR Power, totalling an additional 2,470 megawatts (MW), Moneycontrol reported.
Surplus liquidity won't spur credit growth despite RBI's easing measures, says J.P. Morgan
Jul 04, 2025, at 07:10 pm
Mumbai: Despite a sizeable liquidity surplus in the banking system, bank lending in India is unlikely to get a significant lift, according to a report by J.P. Morgan economists, Reuters reported.
MSME sector accounts for 30.1% of India’s GDP: Manjhi
Jul 04, 2025, at 05:48 pm
Union MSME Minister Jitan Ram Manjhi MSME, which is the second highest contributor to the country's economy, accounts for 30.1% of India’s GDP.
Microsoft winds up Pakistan ops after 25 years; ex-president Arif Alvi blames regime change
Jul 04, 2025, at 05:37 pm
Islamabad: Global tech major Microsoft has decided to shut down its operations in Pakistan after a 25-year presence in the country.
Trump to send tariff letters to nations from Friday: Report
Jul 04, 2025, at 04:42 pm
Washington DC: US President Donald Trump on Thursday said his administration may begin dispatching letters to trading partners as early as Friday, setting unilateral tariff rates ahead of a looming July 9 deadline for trade negotiations, Bloomberg reported.
IndiGo appoints former NITI Aayog CEO Amitabh Kant as non-executive director
Jul 03, 2025, at 11:38 pm
Gurugram: Budget airline IndiGo on Thursday announced the appointment of Amitabh Kant as a non-executive director on the Board of Directors of its parent InterGlobe Aviation Limited.
How E-commerce Platforms Automate Refunds and Vendor Payouts Using APIs
Jul 03, 2025, at 06:10 pm
As your e-commerce business grows, manually managing refunds and vendor payments becomes ever more challenging. What had begun as a straightforward process quickly transforms into errors, delays, and needless back-and-forth.
RBI bars pre-payment charges on floating-rate loans for individuals, MSEs from Jan 2026
Jul 03, 2025, at 12:31 am
Mumbai: The Reserve Bank of India (RBI) has barred banks and regulated lenders from charging pre-payment fees on floating-rate loans, including those taken by individuals and micro and small enterprises (MSEs) for business purposes. The new rules will take effect from January 1, 2026, according to a Press Trust of India report.
India to become world’s largest satcom market, says Jyotiraditya Scindia: Report
Jul 03, 2025, at 12:02 am
New Delhi: Union Minister for Communications and DONER, Jyotiraditya Scindia, has said that India is poised to become the world’s largest satellite communication (satcom) market, as the technology will play a key role in bridging last-mile connectivity.
Microsoft to lay off 9,100 employees in largest job cut since 2023
Jul 02, 2025, at 11:20 pm
Microsoft is cutting around 9,100 jobs, or 4% of its global workforce, marking its biggest round of layoffs since 2023, according to a report by The Seattle Times on Wednesday.
India to build three new strategic oil reserves to boost energy security and meet IEA standards
Jul 02, 2025, at 11:01 pm
New Delhi: India is set to expand its strategic petroleum reserves with the proposed construction of three new facilities aimed at enhancing energy security and meeting international standards for emergency oil stockpiles.
Jul 02, 2025, at 10:14 pm
Kolkata: The Life Insurance Council on Wednesday launched a national campaign, Sabse Pehle Life Insurance, aimed at reducing India’s growing life insurance protection gap.
Foxconn recalls Chinese engineers from India, clouding Apple’s iPhone expansion plans: Report
Jul 02, 2025, at 08:38 pm
New Delhi/Taipei: Foxconn Technology Group, Apple Inc.’s largest iPhone assembler, has directed hundreds of Chinese engineers and technicians to return home from its factories in India, in a move that could disrupt Apple’s manufacturing expansion in the country, Bloomberg reported.
TVS Motor Company introduces new 3.1 kWh battery iQube variety, check out range and price
Jul 02, 2025, at 06:38 pm
Two-wheeler manufacturer TVS Motor Company on Wednesday launched a new variant of its flagship electric scooter, TVS iQube with 3.1 kWh battery that offers an IDC range of 123 km, hill hold and dual tone design.
TVS Motor registers highest ever quarterly sales at 12.77 lakhs in Q1FY26
Jul 02, 2025, at 12:48 am
Bengaluru: TVS Motor recorded monthly sales of 402,001 units in June 2025 with a growth of 20% as against 333,646 units in the month of June 2024.
The days of 4-year college courses are over: Nikhil Kamath
Jul 02, 2025, at 12:43 am
Bengaluru: Zerodha co-founder Nikhil Kamath, drawing insights from the World Economic Forum’s Future of Jobs Report 2025, argues that adaptability, not degrees, will define employability in the coming decade.
RBI appoints Kesavan Ramachandran as Executive Director
Jul 01, 2025, at 11:46 pm
Mumbai: The Reserve Bank of India (RBI) has appointed Kesavan Ramachandran as Executive Director (ED) effective July 1, 2025, the central bank announced in an official statement on Tuesday.
GST collections rise 6.2% YoY to ₹1.85 lakh crore in June; net mop-up improves despite monthly dip
Jul 01, 2025, at 09:45 pm
New Delhi: India’s Goods and Services Tax (GST) collections for June 2025 rose to ₹1.85 lakh crore, registering a 6.2% year-on-year increase from ₹1.73 lakh crore collected in June 2024 — a sign of sustained economic activity and compliance momentum.
Ashok Leyland June sales steady with 3% monthly growth in total vehicle dispatches
Jul 01, 2025, at 06:02 pm
Chennai: Ashok Leyland, the flagship company of the Hinduja Group, reported a 3% year-on-year growth in total vehicle sales (domestic plus exports) for June 2025, with 15,333 units dispatched compared to 14,940 units in the same month last year.
IREDA's loans disbursements jump 31% in Q1; loan book rises 27%
Jul 01, 2025, at 05:41 pm
New Delhi: State-run Indian Renewable Energy Development Agency Ltd. (IREDA) sanctioned ₹11,740 crore loans in the first quarter of FY26, up 29% compared to ₹9,136 crore in the same period last year.
Jul 01, 2025, at 05:11 pm
New Delhi: In a major push to bolster private-sector research and innovation, the Union Cabinet on Tuesday approved a ₹1-trillion corpus for the Research Development and Innovation (RDI) Scheme.
Rotary Year 2025-26: Dr. Ramendu Homchaudhuri leads charge towards a Thalassemia-free India
Jul 01, 2025, at 02:02 pm
Rotary International District 3291 has ushered in the new Rotary year with a bold humanitarian vision and an urgent call to action.
ITI Ltd signs agreement with BSNL for Rs 1901 crore project
Jul 01, 2025, at 08:55 am
Bengaluru/New Delhi: ITI Limited, the country’s first PSU post-independence and a premier telecom manufacturing company recently signed an Agreement as Project Implementing Agency (PIA) with BSNL on behalf of USOF for NER-II Package-15 of BharatNet Phase-3 Project.
Jun 30, 2025, at 11:00 pm
The Central Board of Direct Taxes (CBDT) has made Aadhaar verification mandatory for PAN card applications, besides implementing several other financial changes starting Tuesday.
India's industrial output growth slows to nine-month low in May
Jun 30, 2025, at 06:02 pm
India's Quick Estimate of Index of Industrial Production (IIP) slowed to 1.2 percent in May 2025, a nin-month low figure, as per government data released on Monday.
Non-Banking sources of lending can spur private investment: NCAER Paper
Jun 30, 2025, at 05:09 pm
Improving access to market-based credit can help alleviate financial frictions faced by many firms, especially younger ones, and boost corporate investment, thus aiding economic growth in India, according to a research paper of National Council of Applied Economic Research (NCAER).
Nirmala Sitharaman to visit Spain, Portugal and Brazil to attend international meetings
Jun 30, 2025, at 04:42 pm
Union Minister for Finance & Corporate Affairs Nirmala Sitharaman will lead the Indian delegation from the Department of Economic Affairs, Ministry of Finance, on an official visit to Spain, Portugal and Brazil from June 30 to July 5.
UAE to attract 9,800 millionaires in 2025: Reports
Jun 30, 2025, at 04:20 pm
The UAE is eyeing to become the world's major destination for high-net-worth individuals (HNWIs) in 2025, with the potential inflow of 9,800 millionaires, Gulf News reported, quoting the latest Henley & Partners Private Wealth Migration Report.