ED raids Punjab minister Sanjeev Arora in money laundering case
The Enforcement Directorate conducted fresh raids against Punjab minister Sanjeev Arora and linked entities under PMLA, covering five locations including his official residence.
Category : Business
India Relevant for Emerging Market Investors: Jefferies
Despite a lower MSCI weightage, India remains a key destination for emerging market investors due to strong fundamentals and growth prospects, says Jefferies.
Chhattisgarh, Odisha, Jharkhand Top Minimum Wage Gap: SBI
A recent SBI report reveals that Chhattisgarh, Odisha, and Jharkhand have the widest disparity between minimum wages and living costs in India, highlighting economic challenges.
Health Insurance Share in Non-Life Sector Hits 40.8%
Health insurance's share in India's non-life sector rose to 40.8% in FY26, growing 15.4% to Rs 1.4 lakh crore. Standalone insurers outperformed with 19.4% growth.
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Zepto Gets Sebi Nod for $1 Billion IPO, Listing by July
Zepto's $1 billion IPO gets Sebi approval, targeting a Dalal Street listing by July. The quick commerce startup will join rivals Blinkit and Swiggy Instamart amid volatile markets.
Banks urge revision of affordable housing limits due to inflation
Banks have asked the government to update affordable housing definitions, citing inflation and rising property costs. SBI and HDFC Bank chairmen recommend indexing limits to real estate prices and raising tax deductions.
Nashik TCS Case: Nida Khan Arrested and Remanded
Nida Khan has been arrested in connection with the Nashik TCS case and remanded to police custody. The case involves alleged irregularities at a Tata Consultancy Services facility.
Punjab's Wheat Stockpile Crisis: Problem of Plenty
Punjab faces a wheat stockpile crisis with overflowing godowns and delayed procurement. The explainer delves into causes, impacts, and solutions for this surplus problem.
Haryana Bank Scams: Explainer on Recent Financial Fraud Cases
Recent bank scams in Haryana have shaken the state's financial sector. This explainer details the major fraud cases, modus operandi, and impact on depositors.
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India weighs fuel price hike as crude averages $105.4 in May
Crude oil averaging $105.4/barrel in May pressures Indian fuel prices. Government's excise duty cut costs Rs 14,000 crore monthly. Experts suggest gradual price increase to manage transition.
Indian-American businessman to lose US citizenship over fraud
Debashis Ghosh, a 62-year-old Indian-American, faces denaturalization after committing wire fraud before and after becoming a US citizen in 2012.
This Carrot is a Stick: Policy Analysis
An analysis of how seemingly beneficial policies can have hidden coercive elements, drawing parallels to the carrot-and-stick approach in governance.
UP Excise Dept Relaxes Norms for Liquor Sales in Hypermarts
The Uttar Pradesh excise department has relaxed conditions for stocking alcoholic beverages in hypermarts within malls, removing the mandatory 500 sq ft space requirement to boost revenue.
Lucknow Airport to Add 6 New Parking Bays from May 14
Lucknow's Chaudhary Charan Singh International Airport will commission six new aircraft parking bays on May 14, increasing handling capacity to 24 aircraft simultaneously, including wide-body and long-haul planes.
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Aircraft Leasing at GIFT City to Double in 2 Years: Minister
Union Civil Aviation Minister Rammohan Naidu Kinjarapu said aircraft leasing through GIFT City is projected to double in two years, positioning India as a major aviation financing hub.
Goa Cabinet Allocates 1 Lakh Tonne Iron Ore to Sesa Resources
Goa cabinet allocates additional 1 lakh tonne iron ore to Sesa Resources for export. Bombay HC dismisses PIL against mining dump policy, upholding fair mechanism.
Bombay HC Dismisses Goa Mining Lease Plea, Imposes Rs 5 Lakh Cost
The Bombay High Court dismissed a petition by Shantilal Khushaldas & Bros seeking renewal of a mining lease in Goa, imposing a Rs 5 lakh cost for filing the plea.
Biocon Q4 Net Profit Up 5% to Rs 126 Crore, Dividend Recommended
Biocon reported a 5% rise in Q4 net profit to Rs 126 crore. The board recommended a final dividend of Re 0.50 per share for FY2026.
Compressor blast at Ghaziabad factory kills 2 workers
Two workers died and one was critically injured when a compressor exploded during testing at a factory in Sahibabad Industrial Area. The blast was heard 5 km away.
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Ghaziabad Commissioner Warns Contractors Over Slow Road Work
Ghaziabad municipal commissioner Vikaramadiya Singh Malik has warned contractors of penalties for slow progress on road projects under the CM-GRID scheme, with some stretches showing less than 1% completion.
Ponda Council to Relocate 187 Vendors for New Bazaar
Ponda Municipal Council and GSDA inspect site to relocate 187 vendors from Palika Bazaar for reconstruction. Vendors will move to temporary location for 18 months until new multi-storeyed building is completed.
Jayen Mehta Elected Chairman of SPCDF Dairy Federation
Jayen Mehta, MD of Amul, unanimously elected chairman of Sardar Patel Cooperative Dairy Federation. Sangram Chaudhary named vice-chairman. Five-year term begins May 5, 2026.
Urban Company's InstaHelp Push Widens Losses to Rs 161 Cr
Urban Company's aggressive push into instant domestic services through InstaHelp led to a consolidated loss of Rs 161 crore in Q4, as it ramps up spending to compete with rivals Pronto and Snabbit.
Lemon prices skyrocket in Goa as summer heat drives demand
Lemon prices in Goa's Panaji markets surge to Rs 8-10 per piece due to soaring summer temperatures, high demand for beverages, and supply constraints. Prices expected to drop by June end.
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Swiggy FY26 Loss Widens to Rs 4,154 Cr; Food Delivery Strong
Swiggy's annual loss widened to Rs 4,154 crore in FY26, but food delivery posted fastest growth in nearly four years. The company signals a cautious approach in quick commerce amid intense competition.
Banking services in Barak Valley likely to be hit by SBI staff strike
The All India State Bank of India Staff Federation has called a two-day strike on May 25-26, affecting banking services in Barak Valley, over unresolved employee demands including staffing and security issues.
Railways Issue Tenders for Bridges, Speed Up Bargarh-Nuapada Line
East Coast Railway fast-tracks Bargarh-Nuapada line project in Odisha, issuing tenders for bridges and compensation. The 138 km project, costing Rs 2621.92 crore, aims to boost connectivity in western Odisha.
Odisha Tops with 34 Operational Mineral Blocks Since 2015
Odisha has operationalised 34 of 101 auctioned mineral blocks since 2015, leading India. Karnataka and Gujarat follow. The milestone highlights successful mining reforms and increased domestic production.
BIS Aligns Indian Standards with Global Space Frameworks
The Bureau of Indian Standards is working to align Indian standards with global frameworks for the space industry, aiming to boost competitiveness and facilitate international collaboration.
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India Mandates Sensors for Old Bridge Health Monitoring
India's road transport ministry issues standardized tender for continuous bridge monitoring systems, requiring sensors on old major bridges to detect structural issues early and prevent mishaps.
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