US Wholesale Inflation Hits 6% in April, Fastest Since Dec 2022
US wholesale inflation accelerated sharply in April, with producer prices rising 6% annually, the biggest jump since December 2022, driven by higher energy costs amid the Iran war.
Category : Business
Novartis Sharpens India Focus as Pure-Play Innovator
Swiss pharma major Novartis is strengthening its India strategy as a pure-play innovator in cardiovascular, oncology, and immunology after divesting its listed arm stake.
Indian Stock Markets Recover After Four-Day Losing Streak
Equity benchmarks ended slightly higher on Wednesday after four consecutive sessions of losses, with buying in metal, energy and FMCG stocks aiding recovery amid volatility.
Corona Remedies FY26 Profit Surges 33% to Rs 199 Crore
Corona Remedies Limited reported a 33% rise in PAT to Rs 199 crore for FY26, with revenue up 17.3% to Rs 1,403 crore, driven by brand initiatives and acquisitions.
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RBI Cancels Sarvodaya Co-operative Bank Licence
The RBI has cancelled the licence of Sarvodaya Co-operative Bank in Mumbai due to inadequate capital and financial concerns. The bank's operations will cease, and depositors are protected under DICGC.
Gold Jumps Rs 8,550, Silver Rs 20,500 After Duty Hike
Gold prices soared by Rs 8,550 and silver by Rs 20,500 per kg following the government's decision to hike import duties, aligning with PM Modi's call to curb gold purchases and reduce forex expenditure.
India's Business Leaders Driving Innovation and Growth
India's business ecosystem is evolving with visionary entrepreneurs driving innovation, sustainability, and impact across sectors like healthcare, education, and logistics.
Uttarakhand Energy Saving Drive Amid Global Fuel Concerns
Uttarakhand government announces major reforms to push energy conservation amid rising global fuel prices. The Dhami-led administration aims to reduce consumption and promote renewables.
Tata Motors Q4 net profit jumps 33.8% to Rs 1,793 crore
Tata Motors reported a 33.8% rise in Q4 net profit to Rs 1,793 crore, driven by strong volume growth. Revenue rose to Rs 26,098 crore, with vehicle wholesales up 25%.
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Oilers Target Sabres' Kesselring in Trade Talks This Summer
The Edmonton Oilers are considering a trade for Buffalo Sabres defenseman Michael Kesselring to address right-side blue line issues after a first-round playoff exit.
Metro, Expressways, Airports Boost Delhi NCR Real Estate
Infrastructure projects like metro lines, expressways, and airports are significantly increasing real estate valuations in Delhi NCR, driving demand and investment.
Uber CEO Meets Telangana CM, Plans Hyderabad Expansion
Uber CEO Dara Khosrowshahi met Telangana CM Revanth Reddy, discussing expansion plans including a Centre of Excellence with 600 engineers and a corporate office at Bharat Future City.
Lalit Suri Group Transforms Lives Through Inclusion
The Lalit Suri Hospitality Group pioneers inclusion by employing people with disabilities, setting a benchmark in the hospitality industry for social impact.
Bombay Banta Raises Rs 8 Crore to Disrupt Soft Drink Market
Bombay Banta, an Indian soft drink brand offering unique flavors like kala khatta and masala cola, raises Rs 8 crore in funding to challenge established players in the beverage industry.
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PM Modi's Austerity Call Sparks Uncertainty Among Traders
NITI Aayog's cost-cutting advice following PM Modi's austerity call has left traders uncertain about future business prospects and government spending.
Stock Markets Snap Four-Day Losses, End Marginally Higher
Indian stock markets ended marginally higher on Thursday, snapping a four-day losing streak, led by gains in banking and IT stocks.
Chennai Port Corridor Gets Rs 3,500 Crore Double-Decker Upgrade
The Chennai Port-Maduravoyal elevated corridor is upgraded to a double-decker structure at Rs 3,500 crore, separating freight and city traffic to boost port capacity to 200 MTPA by 2047.
India Approves Rs 37,500 Crore Incentive for Coal Gasification
The Indian government has approved a Rs 37,500 crore incentive scheme to promote coal gasification projects, aiming to reduce imports and boost clean coal technology.
Axis Max Life Reports 19% Growth in FY26 Premium
Axis Max Life Insurance reported a 19% YoY growth in individual adjusted first year premium for FY26, with value of new business increasing by 26% YoY.
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Air India Trimming Overseas Operations: Key Details
Air India is reportedly reducing some international routes to cut costs. This move aligns with its restructuring plan under Tata Group. Details on affected destinations and impact.
Indian Rupee Hits Record Low of 95.71 Against US Dollar
The Indian rupee fell to an all-time low of 95.71 against the US dollar on Thursday, driven by a surge in global crude oil prices and sustained foreign fund outflows from domestic markets.
Ratan Tata's Rs 150 Crore Sea-Facing Bungalow 'Bakhtawar'
Explore Ratan Tata's iconic sea-facing bungalow 'Bakhtawar' in Mumbai's Colaba, valued at over Rs 150 crore. Learn about its architecture, amenities, and current residents.
NHAI starts land aggregation for 742-km Shamli-Gorakhpur expressway
The National Highways Authority of India has initiated land aggregation for the Shamli-Gorakhpur high-speed corridor, a 742-km greenfield expressway costing Rs 40,000 crore, set to reduce travel time between northern and northeastern India.
Cabinet Approves Rs 37,500 Cr Coal Gasification Scheme, Paddy MSP Up Rs 72
The Union Cabinet has approved a Rs 37,500 crore incentive scheme for coal gasification and increased paddy MSP by Rs 72 per quintal for the 2026-27 season to boost farmer income.
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Cabinet Approves Rs 37,500 Cr Scheme for Coal Gasification
The Union Cabinet approved a Rs 37,500 crore scheme to promote coal and lignite gasification, aiming for cleaner coal use, energy security, and import substitution.
Gold, Silver Imports from Dubai May Rise After Duty Hike
India's gold imports from Dubai may increase following a duty hike, as the TRQ system previously offered lower tariffs. GTRI suggests potential rise in precious metal imports.
Warren Buffett's Modest Omaha Home: A Symbol of Simple Living
Warren Buffett, one of the world's richest, still lives in the same Omaha home he bought for $31,500 in 1958, reflecting his frugal lifestyle and long-term value philosophy.
PwC India Asks Staff to Cut Travel After PM's Austerity Call
PwC India has asked its 35,000 employees to review all travel plans and undertake trips only when necessary, aligning with PM Modi's call for fiscal prudence amid global economic uncertainties.
Jewellery Stocks Fall 11% on Gold Import Duty Hike to 15%
Shares of jewellery companies dropped up to 11% after the government raised import duty on gold and silver to 15%, impacting margins and consumer demand.
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Govt Launches IP Catalyst Platform for Patent Conversion
The Indian government has launched the IP Catalyst platform to help innovators convert patents into commercial products, bridging the gap between research and market.
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