Income Tax Raids on Surat Diamond-Realty Group
Income Tax Department conducts major searches at 15 locations linked to a Surat-based diamond manufacturer and real estate developer, investigating undisclosed earnings and political connections.
Category : Business
Boeing: India, South Asia Need 3,300 New Planes by 2044
Boeing projects Indian and South Asian airlines will require nearly 3,300 new airplanes by 2044, with passenger traffic growing 7% annually. Domestic travel in India leads expansion.
Urban Company Gig Workers Allege Abuse During Protest
Urban Company gig workers in Bengaluru have reported physical abuse and inappropriate touching during a protest, while also highlighting pressure from travel time policies that affect their earnings.
Bengaluru's Double-Decker Flyover Nears Completion
Bengaluru's inaugural double-decker flyover at Silk Board, connecting HSR Layout and BTM Layout, is nearing completion and expected to be fully operational by late February 2026, easing traffic congestion.
EKA Mobility, Chartered Speed Win 1,750 E-Bus Contract in Bengaluru
EKA Mobility and Chartered Speed have secured their first contract to deploy 1,750 electric buses in Bengaluru, representing nearly 39% of the city's total planned e-bus fleet under the PM E-Drive initiative.
Pickyourtrail Launches Domestic Travel, Plans Global Expansion
Chennai-based startup Pickyourtrail plans domestic travel launch this quarter, targeting Andaman, Kashmir, and more. The company eyes international expansion to US, Australia, and other markets, with 40% growth expected.
TVS SCS Acquires Swamy & Sons 3PL in Rs 88 Crore Deal
TVS Supply Chain Solutions has acquired Hyderabad-based Swamy & Sons 3PL for Rs 88 crore, expanding its warehouse portfolio by 4 million sq ft in the FMCG and FMCD sectors.
TVS Motor: EV Magnet Supply Improving, Battery Scooter Growth Ahead
TVS Motor Company reports improving magnet availability for EVs, expects battery two-wheeler penetration to rise. Company's electric scooter sales hit 1.06 lakh units in Q3, up 40% YoY, outpacing industry growth.
Odisha's Utkarsh Summit: Rs 16.7L Cr Investments, 12.9L Jobs
Additional Chief Secretary Hemant Sharma reveals Odisha secured Rs 16.7 lakh crore investment commitments with 12.9 lakh job potential in a year, with 261 projects approved under Utkarsh Summit.
IndiGo's Rs 10 Crore CSR for Srikakulam Temple Beautification
IndiGo Airlines, under Union Minister Kinjarapu Rammohan Naidu's initiative, allocates Rs 10 crore CSR funds for Kurmanatha Swamy Temple development in Srikakulam, focusing on infrastructure and spiritual ambiance.
US Yields Climb as Fed Holds Rates, Flags Sticky Inflation
US Treasury yields advanced after the Federal Reserve kept interest rates unchanged, citing persistent inflation and a stabilizing labor market, with dissent favoring a rate cut.
APPTD Union Hails RTC MD's Move to End Promotion Deadlock
The APPTD Employees Union has welcomed instructions from RTC MD Ch Dwaraka Tirumala Rao that are expected to resolve promotion issues stalled since 2020 due to seniority disputes, potentially benefiting thousands of employees.
Halwara Airport Terminal Set for PM Modi's Virtual Inauguration
After missing multiple deadlines over five years, Ludhiana's Halwara Airport terminal is finally ready for its official debut. Prime Minister Narendra Modi will virtually inaugurate the facility on February 1, bringing optimism to local industries.
PM Modi: India-EU FTA is Global Gamechanger for Youth
Prime Minister Narendra Modi calls the India-EU Free Trade Agreement a historic global gamechanger that will create countless opportunities for Indian youth across sectors like IT, engineering, and creative industries.
US Fed Keeps Rates Unchanged, Indian Market Impact Limited
The US Federal Reserve maintained interest rates at 3.5%-3.75%, marking a pause after 2025 cuts. Experts say this widely expected decision has minimal immediate impact on Indian stocks, with focus shifting to domestic factors and potential India-US trade
BDA Finds 36 Illegal Graveyards in Bengaluru Layout
Bangalore Development Authority reverses stance, admitting 36 illegal burial sites exist in Shivaram Karanth Layout after social media expose. Authority now plans to convert residential plots into public parks amid public outcry.
HAL, Russia's UAC Sign Superjet 100 Production Deal
Hindustan Aeronautics Limited partners with Russia's United Aircraft Corporation to license-produce Superjet 100 aircraft in India, supporting Make in India initiative and reducing import dependency.
Amazon Cuts 16,000 Jobs in Corporate Restructuring
Amazon lays off 16,000 corporate employees as part of operational streamlining. The company offers 90-day internal job search and severance packages to affected US staff.
I-T Raids on Vasant Gajera Premises Over Choksi Links
Income Tax department conducts searches on 30 premises linked to diamond businessman Vasant Gajera in Surat over alleged business connections with fugitive Mehul Choksi in PNB fraud case.
Amazon Grocery Struggles: Fresh and Go Stores Shut Down
Amazon is closing its Amazon Fresh and Go stores, raising questions about whether the tech giant has learned anything from its Whole Foods acquisition about physical retail and the food business.
Trade Union Leader Anantha Subbarao Dies in Karnataka
Anantha Subbarao, veteran trade union leader who championed Karnataka's transport workers for over 50 years, passes away. He led KSRTC union and became face of workers' struggles.
Intel Matches $1,000 Trump Accounts for US Employee Children
Intel announces matching contributions to Trump Administration's $1,000 child savings program for US employees' children, strengthening government-corporate partnership in workforce investment.
India's $100B Steel Plan Aims for 300 MT Capacity by 2030
India's steel industry requires $100 billion investment to expand capacity to 300 million tonnes by 2030, with consumption growing at 11-13% annually despite global slowdown.
Gold Smuggling Drops 80% at Amritsar Airport, Ganja Seizures Rise
Gold smuggling at Amritsar airport has declined by 80% due to reduced profit margins, while ganja seizures from Thailand have surged by 82% as traffickers chase higher returns.
Goa's Fourth Iron Ore Mine Auction: Six Blocks on April 16
The Directorate of Mines and Geology in Goa has announced the fourth auction of iron ore mines, with six blocks set for bidding on April 16, aiming to generate Rs 230 crore in upfront payments.
Deutsche Bank Expands Emerging Markets Credit Team
Deutsche Bank AG is strengthening its emerging-market credit operations with new hires in New York, focusing on Latin American corporate debt as part of a broader expansion strategy.
Odisha CM Vows Rourkela Steel Plant & Airport Expansion
Chief Minister Mohan Charan Majhi commits to expanding Rourkela Steel Plant to 9.5 MTPA and upgrading the airport runway to handle larger aircraft, citing positive progress under the new government.
ASML's Record AI Orders Fail to Impress Investors
ASML reported record €13.2B Q4 bookings driven by AI demand but shares fell as analysts questioned capacity expansion and revenue guidance sustainability.
Karnataka's Rs 150 Cr ELEVATE NxT for DeepTech Startups
Karnataka government introduces Rs 150 crore ELEVATE NxT initiative to support DeepTech startups with transparent grant-in-aid framework and multi-stage evaluation.
Baramati Sugar Mills Mourn Loss of Ajit Pawar
The Maharashtra sugar industry mourns the loss of Deputy Chief Minister Ajit Pawar, who was instrumental in transforming Baramati into an agricultural hub and ensuring timely payments to farmers.
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