S&P Lowers India's GDP Growth Forecast for FY27 to 6.6%
S&P Global Ratings has revised India's GDP growth projection for FY27 down to 6.6%, citing global headwinds and domestic challenges. The agency also maintained its FY26 estimate at 6.7%.
Category : Business
AMC Earns Rs 365.8 Crore from Two Plot Auctions
Ahmedabad Municipal Corporation fetched Rs 365.8 crore from online auctions of two commercial plots in Bodakdev, exceeding base prices. Other plots found no takers.
500 Workers Strike at Ahmedabad Factory Over Pay, Overtime
Around 500 workers at an industrial unit in Ahmedabad's Memco area went on strike over salary hikes and overtime pay. After management discussions, they resumed work.
Gas Theft in Rajkot: Three Booked for Illegal Pipeline Tapping
Rajkot police have booked three individuals for illegally tapping into a Gujarat Gas Limited pipeline, causing a loss of Rs 44.52 lakh by siphoning 64,343 units of gas over a year.
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Telangana to Revise Land Values for Property Registration
Telangana government plans to revise land values for property registration from May-end, aiming to generate Rs 4,000 crore additional revenue by increasing rates by 20-100% across the state.
Investors Protest at GIFT City Over Alleged Cheating
Tension erupted at a GIFT City data centre as investors protested an alleged cheating scheme involving monthly returns. Police deployed, with claims of 33,000 affected and crores involved.
West Asia Conflict Impact on Gujarat Real Estate
The West Asia conflict is slowing Gujarat's real estate redevelopment, with rising costs and labor shortages causing project delays and financial reassessments.
SBI Staff Federation Calls Two-Day Strike on May 25-26
The All-India State Bank of India Staff Federation announced a two-day nationwide strike on May 25 and 26 over unresolved employee issues and alleged violations of agreements.
Stalled Vazhayila–Nedumangad road project resumes
The Kerala Road Fund Board will sign an agreement with a new contractor for the stalled Vazhayila–Nedumangad road project's second phase, covering Keltron Junction to Valicode.
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Wapcos Exit Threatens Key Infrastructure Projects in Thiruvananthapuram
Uncertainty looms over major infrastructure projects in Thiruvananthapuram as Wapcos plans to scale down Kerala operations, affecting projects like Akkulam Lake rejuvenation and Kovalam beach redevelopment.
10 Patiala Units Get Rs 1.58 Crore Incentives
Ten industrial units in Patiala receive incentives totaling Rs 1.58 crore under the state's industrial policy to promote growth and employment.
Sewer Repair Delay at Ludhiana Parking Irks Commuters
Delayed sewer repair work at a parking lot in Ludhiana has caused inconvenience to commuters and traders, with foul smell and traffic congestion affecting daily business.
Punjab Halts Crop Loan Hike After Bank Objections
Punjab government puts on hold the 53% increase in crop loan limits for farmers after cooperative banks raised concerns over inadequate funds and reduced NABARD support.
Former HR Manager Arrested for Rs 1.5 Crore Pharma Fraud
Former HR manager Santosh Giri arrested for allegedly embezzling Rs 1.5 crore from IB Pharma through fake billing and stock manipulation. Investigation ongoing.
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UP ODOC List: Sweets Dominate, Samosa and Chaat Also Feature
The Uttar Pradesh government's ODOC list of vegetarian delicacies includes over 45% sweets, along with popular street foods like samosa and chaat, aiming to boost local businesses.
UK's Webley & Scott to set up ammunition plant in Lucknow
British arms maker Webley & Scott plans to build a state-of-the-art ammunition facility in Lucknow with an initial investment of Rs 100 crore, boosting India's defence manufacturing.
LDA to Build 450-Vehicle Parking Near Rumi Gate
Lucknow Development Authority plans a parking facility for 450 vehicles near Rumi Gate to ease congestion, including buses, cars, and two-wheelers, at Rs 3 crore.
Gurgaon Court Slams HDFC Bank Over Account Attachment Refusal
A civil court in Gurgaon reprimanded an HDFC Bank branch for refusing to attach a DHBVN account despite a warrant, calling the excuse of different branch 'not tenable' in the era of online banking.
MP CM Announces Nimar Investor Summit, Infrastructure Push
Madhya Pradesh CM Mohan Yadav announced an investor summit for Nimar region and new road in Rehta industrial area to boost business. Land identified for industrial use, MSME turnover in Burhanpur doubled.
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UP Defence Corridors Attract Rs 35,000 Crore Investment Proposals
Chief Minister Yogi Adityanath announced over Rs 35,000 crore investment proposals in UP defence corridors, highlighting self-reliance and security.
Delta Corp Casino Vessel Docks at Mormugao Port
Delta Pleasure Cruises' 112-metre casino vessel arrived at Mormugao Port for interior works and certifications. CM Sawant reiterated no new casino in Mandovi river.
Noida Authority Signs MoU with Japan's MEJ for Medical Device Park
Yamuna Expressway Authority signed an MoU with Medical Excellence Japan to boost medical device innovation, investment, and technology transfer, including infrastructure and startup support.
Bajaj Auto Q4 Profit Up 34% to Rs 2,746 Crore
Bajaj Auto reported a 34% YoY rise in net profit to Rs 2,746 crore for Q4 FY26, driven by strong domestic and export sales growth.
Railway division penalizes catering unit for food safety lapses
Palakkad railway division initiates strict action against a catering unit at Mangaluru Central station after a surprise inspection found unhygienic conditions and reuse of leftover food.
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Court allows ED to arrest Praful Lodha in money laundering case
A special court in Mumbai granted the Enforcement Directorate permission to arrest Praful Lodha, held for serious offenses, to probe money laundering allegations linked to sexual assault and cheating cases.
Hospital staffer held for stealing gold ornaments worth Rs 9.7 lakh
A couple's surgery visit turned traumatic after gold and silver ornaments worth Rs 9.7 lakh were stolen from a hospital ward in Bengaluru. Police arrested a staff member and are recovering the items.
From Baking Soda to Billions: The Wrigley Chewing Gum Story
Discover how William Wrigley Jr. turned a free gum sample into a global empire, revolutionizing marketing by listening to customer behavior.
BMC Panel Orders Probe into M&E Dept Tenders
The BMC standing committee has ordered a comprehensive inquiry into all proposals passed by the mechanical and electrical department over the past four years following allegations of corruption in a Rs 62-crore LED tender.
Non-bailable warrant issued against Rashmi Saluja
A Mumbai court issued a non-bailable warrant against former Religare chairperson Rashmi Saluja for failing to appear in an ESOP irregularities case at Care Health Insurance.
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Karnataka IT Park in Mangaluru Fails to Attract Bidders Again
The Karnataka government's proposed IT Park in Mangaluru has failed to attract bidders for the second time in five months, raising concerns over the Rs 135-crore project on public land.
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