RBI's New Forex Rules Rationalise Authorisation Framework
The Reserve Bank of India has introduced new Foreign Exchange Management regulations to simplify and rationalise the authorisation framework for forex transactions.
Category : Business
Industrial Growth Canvas Ready: CM Dr Yadav
Madhya Pradesh CM Dr Yadav says the state's industrial growth canvas is ready and now is the time to add colours, urging investment and development.
Paytm Parent Posts First Full-Year Profit Since Listing
One97 Communications reports Rs 552 crore profit for FY26, up from loss of Rs 663 crore in FY25, despite RBI cancelling Paytm Payments Bank licence. Revenue grows 21.8% to Rs 9,291 crore.
Arvind Ltd acquires 61% stake in US tech textiles firm
Arvind Advanced Materials acquires 61% stake in US-based Dalco-GFT, entering the American technical textiles market with a $136 million valuation.
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Tier-2 Cities Fuel Premium Alcohol Growth: Radico Khaitan
Radico Khaitan MD Abhishek Khaitan says tier-2 cities and white spirits like vodka and gin are key growth drivers for India's alco-beverage industry, as consumer preferences shift beyond metros.
Rs 35,000 Crore Defence Corridor Investment in UP: Yogi
Uttar Pradesh CM Yogi Adityanath announced Rs 35,000 crore investment proposals in six defence corridors. He highlighted Aligarh, Kanpur, Lucknow, Chitrakoot, and Agra as key hubs for defence manufacturing.
Bharti Real Estate Launches World St. at Aerocity
Bharti Real Estate has launched World St., a 2,60,000 sq ft dining and retail corridor at Worldmark, Aerocity, featuring Olive Garden's India debut and Time Out Market's first outlet.
Tier-2 Cities Drive India's Premium Alcohol Growth
Radico Khaitan reports record revenue and profit as tier-2 cities and white spirits like vodka fuel India's alco-beverage industry growth, with changing consumer preferences beyond metros.
Paytm Parent One97 Reports First Full-Year Profit Since Listing
Paytm parent One97 Communications reported a net profit of Rs 552 crore for FY26, its first full-year profit since listing, despite regulatory challenges from the RBI cancelling PPBL's licence.
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Brigade Enterprises Q4 Net Profit Falls 23.69%
Bengaluru-based property developer Brigade Enterprises reported a 23.69% decline in net profit for Q4, impacted by higher expenses and delayed project completions.
India Reaffirms Ban on Bilateral Sports with Pakistan
India maintains its ban on bilateral sports with Pakistan but permits participation in multilateral events like the Champions Trophy, balancing security and diplomacy.
Train Food Overcharging: IRCTC Complaint Rules
If a food vendor overcharges you on a train, you can file a complaint with IRCTC. Know the rules, penalties, and steps to take action against overpricing.
India's Services PMI Hits 5-Month High of 58.8 in April
India's services PMI rose to 58.8 in April, a five-month high, driven by strong demand and new business growth, according to S&P Global.
India Cannot Replicate China's Manufacturing Shift: Fed
A Fed wage report says India is unable to replicate China's large-scale shift from agriculture to manufacturing due to structural differences, labor laws, and skill gaps.
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Real Estate Boom in India's Temple Towns
India's temple towns are witnessing a real estate boom fueled by religious tourism and government investment. Developers blend spirituality, wellness, and second-home living.
Real Estate Sentiment Turns Cautious Amid Global Uncertainties
Real estate sentiment in India has turned cautious, with the current sentiment score falling to 49 in Q1 2026, slipping into pessimistic territory for the first time in recent years.
Andhra SIPB Clears RIL's Rs 1.08 Lakh Crore Data Centre
Andhra Pradesh SIPB approves major investments including RIL's Rs 1,08,010 crore Data Centre in Visakhapatnam and a Rs 51,300 crore solar project.
India, South Korea to Review Trade Pact on May 25
India and South Korea will hold talks on May 25 to review their CEPA, as India seeks to address a widening trade deficit. The pact, effective since 2010, aims for more balanced trade relations.
US Stocks Surge, Oil Plunges on Iran Deal Hopes
US stock markets surged and oil prices plunged as investors bet on a breakthrough in US-Iran talks to reopen the Strait of Hormuz, boosting global crude supplies.
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Govt Clears Rs 5000 Cr Emergency Credit for Airlines
The Indian government has approved a Rs 5,000 crore emergency credit line for airlines to help them cope with the surge in jet fuel prices. The scheme aims to provide liquidity support to the aviation sector.
India's Rs 11.2 Trillion Distribution Capex for Smart Metering
India's Central Electricity Authority highlights that the Rs 11.2 trillion distribution capex will drive smart metering adoption, focusing on outcomes and efficiency.
KL Rahul's Bangalore Home: Luxury Retreat Built on Cricket Success
KL Rahul's Bangalore home is a crores-worth luxury retreat reflecting his cricket success and family roots. The bungalow in Benson Town features modern minimalism, a gym, swimming pool, and natural materials.
MP CM Dr. Yadav Unveils Industrial Growth Plans in Burhanpur
Chief Minister Dr. Yadav urged entrepreneurs to add colours to the industrial growth canvas, praised PM Modi's DBT, and announced district-level Vyapari Kalyan Board, investor summit in Nimar, and Sukhpuri industrial belt.
India's Flex Workspace Sector Hits 100 Mn Sq Ft, Profitable
India's flexible workspace sector has crossed 100 million sq ft in FY26, with historic net absorption of 61.4 million sq ft in 2025. Four of five listed flex operators posted net profits in Q3 FY26, marking a shift from potential to performance.
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DA Hike Announced for State Govt Employees: Salary Increase
The state government has announced a 4% DA hike for its employees, effective from January 2026. This will increase the salary of around 8 lakh employees and pensioners.
Steel Exchange India Gets 5-Year Defence Ministry Nod
Steel Exchange India has secured a five-year renewal of its approval from the Ministry of Defence's MES, strengthening its position in defence sector supplies.
Lumina Datamatics Wins IMC RBNQA Trophy 2025
Lumina Datamatics has been awarded the IMC RBNQA Performance Excellence Trophy 2025 in the service category, recognizing its commitment to quality and operational excellence.
Sensex Jumps 940 Points on Oil Price Decline
The BSE Sensex soared 940 points on Monday as oil prices fell sharply following positive developments in US-Iran nuclear negotiations, boosting market sentiment.
5th Hyderabad Retail Summit by RAI Draws Over 300 Retailers
The 5th Hyderabad Retail Summit by RAI saw participation from over 300 retailers, discussing industry trends, challenges, and future growth strategies.
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Onward Technologies Hits Record Revenue and Profit in FY26
Onward Technologies achieved its strongest annual performance in FY26 with record revenue, EBITDA of INR 71.9 crore (up 60.9% YoY), and PAT of INR 46.7 crore (up 72.3% YoY).
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