Jun 17, 2025, at 10:27 pm
Mumbai: Akash Ambani, chairman of Reliance Jio Infocomm, and Anant Ambani, executive director of Reliance Industries Ltd, have jointly topped the 360 ONE Wealth Creators list, each with a net worth of ₹3.59 lakh crore.
SBI slashes lending and deposit rates after RBI’s 50 bps rate cut
Jun 17, 2025, at 08:14 pm
Mumbai: India’s largest public sector bank, State Bank of India (SBI), has cut its lending rates by 50 basis points, passing on the benefits of the Reserve Bank of India’s (RBI) policy easing to borrowers, according to a PTI report.
Mukesh Ambani exits Asian Paints with ₹9,080 cr windfall after 17-yr bet: Report
Jun 17, 2025, at 08:10 pm
Mumbai: Mukesh Ambani has exited his long-standing investment in Asian Paints, turning an initial ₹500 crore stake into a staggering ₹9,080 crore profit over 17 years, Economic Times reported.
Jun 17, 2025, at 06:07 pm
Gurugram: US aerospace giant Boeing’s Head of Commercial Airplanes, Stephanie Pope, met Tata Sons Chairman N Chandrasekaran at Air India’s Gurugram headquarters on Monday, Reuters reported.
India to suspend rare earth exports to Japan, aims to cut China dependence: Report
Jun 13, 2025, at 08:34 pm
New Delhi: India has asked state-run IREL (India) Ltd to halt its rare earth exports to Japan and prioritise domestic supply, Reuters reported, citing sources, as New Delhi seeks to reduce its reliance on China and boost local processing capacity in the strategic sector.
Boeing shares drop nearly 8% after Air India Dreamliner crash in Ahmedabad: Report
Jun 12, 2025, at 09:47 pm
New York: An Air India Boeing 787-8 Dreamliner carrying over people crashed near Ahmedabad airport on Thursday, sending Boeing Co.’s shares down 7.8% in U.S. premarket trading, Reuters reported.
Finance Ministry dismisses reports on MDR for UPI as 'false and misleading'
Jun 12, 2025, at 12:01 am
New Delhi: The Finance Ministry on Wednesday firmly denied speculation that a merchant discount rate (MDR) would be levied on Unified Payments Interface (UPI) transactions, calling such claims “completely false, baseless, and misleading,” according to a report by ET Now.
Tata Electronics sends hundreds to Taiwan for training ahead of India’s first AI-enabled fab: Report
Jun 11, 2025, at 10:23 pm
New Delhi: Tata Electronics is accelerating its semiconductor ambitions by sending hundreds of employees to Taiwan for training as groundwork intensifies for its ₹91,000 crore fabrication (fab) unit in Dholera and ₹27,000 crore OSAT (outsourced semiconductor assembly and test) facility in Assam, sources told ET.
SBI hires 13,455 Junior Associates to enhance customer experience
Jun 11, 2025, at 08:16 pm
Mumbai: State Bank of India has hired 13,455 Junior Associates to enhance customer experience at the bank’s branches across the country.
IREDA raises ₹2,005.9 crore via QIP to bolster clean energy financing
Jun 11, 2025, at 06:06 pm
New Delhi: State-run Indian Renewable Energy Development Agency Ltd. (IREDA) has raised ₹2,005.90 crore through a Qualified Institutions Placement (QIP), reinforcing its financial base to expand funding for renewable energy projects across the country.
NTPC secures $750 million ECB loan to fund green and capacity expansion goals
Jun 11, 2025, at 05:48 pm
New Delhi: India’s largest power producer, NTPC Limited, has raised $750 million through an unsecured External Commercial Borrowing (ECB) syndicated term loan to fund its capital expenditure, furthering its strategic goals in renewable energy and capacity expansion.
SBI General Insurance appoints Mohd. Arif Khan as Deputy CEO
Jun 11, 2025, at 03:26 pm
SBI General Insurance, one of India's leading General Insurance companies, announced the appointment of Mohd. Arif Khan as the Deputy Chief Executive Officer (Deputy CEO).
Global economic growth is expected to decline this year, predicts World Bank report
Jun 11, 2025, at 09:27 am
Global economic growth is expected to decline this year due to increased trade barriers and policy uncertainty, the World Bank said in a report published on Tuesday.
World Bank retains India’s FY26 growth at 6.3% amid global uncertainty, trade tensions
Jun 10, 2025, at 11:18 pm
The World Bank has maintained its forecast for India’s economic growth at 6.3% for FY2025-26, citing heightened global uncertainty and rising tariffs as major headwinds affecting most economies.
Corporate India eyes $850 billion capex boom over next five years: S&P
Jun 10, 2025, at 11:01 pm
New Delhi: Corporate India is gearing up for a massive investment cycle, with capital expenditure expected to double to as much as $850 billion over the next five years, according to a new report by S&P Global Ratings.
World Bank data shows India’s poverty plunges while Pakistan sinks deeper
Jun 10, 2025, at 09:49 pm
New Delhi: India's sharp decline in poverty over the past decade stands in stark contrast to Pakistan's deepening economic woes, underlining the impact of governance, leadership, and fiscal priorities, World Bank’s recent data shows.
India poised to produce 1 in 5 smartphones globally by 2025 as firms shift away from China
Jun 10, 2025, at 08:50 pm
New Delhi: India is rapidly emerging as a global hub for smartphone manufacturing, with the country projected to account for nearly 20% of global smartphone production by 2025, according to a report by Counterpoint Research, as reported by Moneycontrol.
India-EFTA free trade pact to bring stability and $100 bn investment boost: Piyush Goyal
Jun 10, 2025, at 08:34 pm
New Delhi: Commerce and Industry Minister Piyush Goyal on Tuesday said the free trade agreement (FTA) between India and the four-member European Free Trade Association (EFTA) will foster stability, predictability, and long-term continuity for businesses across both regions, PTI reported.
Govt clears Micron and Aequs SEZ proposals to boost semiconductor and electronics manufacturing
Jun 10, 2025, at 05:57 pm
New Delhi: The government has approved two new Special Economic Zones (SEZs) proposed by Micron Semiconductor Technology India and the Hubballi Durable Goods Cluster (part of the Aequs Group), aimed at expanding semiconductor and electronic component manufacturing in the country.
TVS to unveil next-gen Apache RTR 200 4V
Jun 09, 2025, at 06:27 pm
TVS Motor Company (TVSM), a major player in the two and three-wheeler segments, on Monday unveiled the all new 2025 TVS Apache RTR 200 4V—celebrating 20 years of racing legacy, engineering excellence, and the trust of over six million riders worldwide.
Poonawalla Fincorp launches Industry-First 24/7 fully digital business loans for MSMEs
Jun 09, 2025, at 06:07 pm
Poonawalla Fincorp Limited (PFL), a Cyrus Poonawalla Group-promoted NBFC focused on consumer and MSME lending, on Monday announced the launch of Business Loan 24/7, an industry-first digital loan solution backed by a pioneering digital risk assessment model tailored for micro, small, and medium enterprises (MSMEs).
Infosys gets major relief as ₹32,403 crore GST case closed by tax department
Jun 08, 2025, at 10:54 pm
Bengaluru: In a significant relief for IT major Infosys, the Directorate General of GST Intelligence (DGGI) has closed a high-stakes tax case involving ₹32,403 crore, media reports said.
PNB, BoB, other banks cut lending rates after RBI’s surprise 50 bps repo slash
Jun 08, 2025, at 04:59 pm
New Delhi: A host of public sector banks — Punjab National Bank (PNB), Bank of Baroda, UCO Bank, and Bank of India — along with private lender Karur Vysya Bank, have cut lending rates following the Reserve Bank of India’s unexpected 50 basis point (bps) repo rate reduction last week, according to a Business Standard report.
Extreme poverty in India drops to 5.3% in 2022-23 from 27.1% in 2011-12: World Bank
Jun 07, 2025, at 09:55 pm
New Delhi: In a remarkable shift over the last decade, India’s extreme poverty rate has declined dramatically—from 27.1% in 2011-12 to 5.3% in 2022-23, according to latest World Bank data.
Citigroup Inc plans to slash 3500 tech roles
Jun 07, 2025, at 06:06 pm
Citigroup Inc. will slash 3500 jobs from its technology employee workforce in its bid to touch global simplification efforts, media reports said.
Tata Electronics, BEL ink MoU to develop indigenous semiconductor solutions
Jun 07, 2025, at 03:39 pm
Tata Electronics, a pioneer in electronics manufacturing sector, has announced a Memorandum of Understanding (MoU) with Bharat Electronics Limited (BEL), a Navratna Public Sector Undertaking (PSU), to boost the development of indigeneous electronics and semiconductor solutions.
YouTube video claims Rs. 500 currency note will be discontinued, Indian government responds
Jun 07, 2025, at 09:57 am
The Indian government has rejected a claim made by a YouTube channel that the Rs 500 currency note will be discontinued by March 2026.
HUDCO to raise up to ₹750 cr via NCDs
Jun 07, 2025, at 01:06 am
New Delhi: The Housing & Urban Development Corporation (HUDCO) on Friday approved a proposal to raise up to ₹750 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis.
Jun 07, 2025, at 12:48 am
Chennai: Building on the momentum of his initial contribution, Infosys co-founder Nandan Nilekani has pledged a second multi-year grant to AI4Bharat, an open-source initiative at IIT Madras developing foundational AI models for Indian languages, The Economic Times reported.
CRR cut to infuse ₹2.5 trillion liquidity, boost investment and credit revival in slowing economy
Jun 07, 2025, at 12:12 am
New Delhi: In a bid to revive domestic demand and energise India’s slowing economy, the Reserve Bank of India (RBI) has not only delivered a sharper-than-expected 50 basis point cut in the repo rate but also announced a 100 basis point reduction in the Cash Reserve Ratio (CRR)—a move that is set to release ₹2.5 trillion into the banking system over the next few months, media reports said.