Labour shortage hits construction in Mangaluru
Construction firms in Mangaluru face severe labour shortage as workers from north India left for elections and haven't returned, causing project delays and cost surges.
Category : Business
GenAI to Add $14-17 Billion to Indian Real Estate
A report by EY-Parthenon and CREDAI reveals generative AI could add $14-17 billion to India's real estate sector over seven years, boosting efficiency and sales.
Egg Prices Hit Record High in Mangaluru, Soaring to Rs 8.5
Egg prices in Mangaluru and coastal districts surged to Rs 8-8.5 per egg due to lower production, higher transport costs, and increased demand, straining household budgets and school meal programs.
SC flags nexus among banks, ARCs, borrowers in loan write-offs
Supreme Court expressed concern over nexus among banks, ARCs, and borrowers, noting public money being lent and written off without recovery efforts. Issued notices on plea alleging Rs 1,537 crore loans settled for Rs 73.50 crore.
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MRG Group Chairman Adds Embraer Legacy 650 Jet
K Prakash Shetty, MRG Group founder, inducted a 14-seater Embraer Legacy 650 business jet at Mangaluru International Airport, enhancing connectivity for the group's expanding operations.
Maruti Swift Leads India's Used Car Market Across Regions
Maruti Swift is India's most bought used car, holding 4.93% national share in 2025, leading in metros and non-metros alike, according to Cars24 report.
GenZ and Non-Metro India Drive 50% Growth in Flipkart Beauty
Flipkart's Beauty category grows 50% YoY, driven by GenZ and Tier 2/3 cities. Glam Up Fest 2026 unveils trends, Global Luxe Beauty Store, and expansion to non-metro cities.
Health Insurance for Tax Savings: Risks and Better Choices
Buying health insurance solely for tax benefits can lead to inadequate coverage. Learn key mistakes, what to consider beyond tax savings, and how to balance protection with tax planning.
Maruti Swift Tops India's Used Car Market in 2025
The Maruti Suzuki Swift is India's most bought used car in both metro and non-metro markets, holding a 4.93% national share according to the Cars24-Team BHP report.
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Intense Technologies Founder C.K. Shastri Retires
Intense Technologies announces retirement of founder C.K. Shastri, who steps down due to age and health. He is conferred Chairman Emeritus to continue strategic mentorship.
AlphaPepe Best Crypto Presale 2026: Second CEX Reveal Saturday
AlphaPepe, a top crypto presale in 2026, teases second CEX partnership reveal this Saturday after Azbit. Raised $1.67M, 9,600+ holders, AlphaSwap Early Access live.
FD Rates June 2026: Banks Offering Up to 8.1% Interest
Suryoday and Utkarsh Small Finance Banks offer the highest FD rates at 8.1% in June 2026. Compare rates from small finance, private, and PSU banks.
Fire at Nalagarh Ethanol Plant Causes Rs 15 Lakh Loss
A fire broke out at Bharat Spirits ethanol plant in Aduwal village, Nalagarh, causing Rs 15 lakh damage. Firefighters prevented major losses; no casualties reported.
India's electricity demand may rise 6-7% in FY27
India's electricity demand is projected to grow 6-7% YoY in FY27 to 1,810-1,830 BU, driven by heatwaves and El Niño, after a record 271 GW peak in May 2026.
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Reliance AGM: Ambani outlines growth with Jio IPO, AI, new energy
At Reliance AGM, Mukesh Ambani unveiled a multi-pronged growth strategy including Jio IPO, AI infrastructure, new energy, and a $125-150 billion export ecosystem by 2032.
RBI Governor Malhotra Urges Vigilance on Inflation Trajectory
RBI Governor Sanjay Malhotra stresses need to monitor inflation trajectory amid fuel price hikes and El Niño risks. MPC keeps repo rate unchanged at 5.25%.
Couple's Viral Video on Indian Work Culture Shock
Sneha Khilwani and her husband highlight the stark differences between Canadian and Indian work cultures in a viral video, emphasizing long hours and lack of work-life balance in India.
India's Forex Reserves Fall $9.98 Billion to $671.62 Billion
India's forex reserves declined by $9.98 billion to $671.62 billion for the week ended June 13, 2026, as per RBI data. Gold reserves also fell by $10.754 billion to $103.821 billion.
Reliance Succession Plan Nears Completion: Ambani
Mukesh Ambani announced Reliance's succession plan is near completion, with twins Akash and Isha presenting business plans for telecom and retail.
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SMPK aims for 120 MT cargo capacity, warehousing, tunnel
Syama Prasad Mookerjee Port, Kolkata targets 120 million tonnes cargo capacity, expands to 93 MT, plans warehousing via PPP, and Hooghly tunnel feasibility study.
Adani Group Eyes Kolkata, Haldia Ports and Deep Sea Project
Adani Group shows interest in Kolkata and Haldia port reorganisation, deep sea port at Dadanpatrabar, e-commerce fulfilment hubs, and power sector opportunities in West Bengal.
Gold Falls for 4th Day in Delhi on Dollar Rally, Silver Slumps
Gold prices extended their losing streak to four days in Delhi, while silver slumped as the dollar rally deepened. The white metal traded near Rs 2,40,000 per kg, levels last seen on April 7.
Reliance Jio IPO to Test India's Appetite for Digital Giants
Reliance Jio's upcoming IPO, comprising up to 27 crore fresh equity shares, will test investor appetite for India's digital giants through a book-building process.
Sebi Approves Open Market Buybacks, Eases MF Norms
Sebi approved reintroducing open market buybacks via stock exchanges, relaxed intra-day borrowing for mutual funds, and launched GARUDA for faster AIF fundraising.
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Jio Platforms Board Approves 27 Cr Share Sale; IPO Filing June 19
Jio Platforms gets board nod for 27 crore share sale; will file IPO papers on June 19. The fresh issue includes shares of Rs 10 each.
Bharat Buildcon 2026 Day Two: Strong Business Momentum
Bharat Buildcon 2026 day two saw strong business interactions, global buyers, and policymakers driving high-value engagements in India's building materials sector.
Hero FinCorp Partners with Salesforce for Faster Loans
Hero FinCorp collaborates with Salesforce to deploy Agentforce, improving loan turnaround by 72% and automating key processes for faster credit access.
Jio Files DRHP with SEBI, IPO Proceeds for Debt Repayment
Jio Platforms has filed its DRHP with SEBI for an IPO of 27 crore fresh equity shares. Proceeds of up to Rs 27,500 crore will be used to repay RJIL's debt, with the rest for general corporate purposes.
NCL's Nanha Sa Dil: Transforming Rural Child Heart Care in India
NCL's Nanha Sa Dil initiative provides free heart screenings and surgeries for rural children, transforming lives like Pranjali's in Singrauli, MP.
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Tata Power's Rs 15,000 Crore Mumbai Grid Upgrade Plan
Tata Power announces Rs 15,000 crore investment to upgrade Mumbai's distribution network by 2029, boosting renewable energy capacity and grid reliability.
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