Haj airfare hiked by Rs 10k per pilgrim, sparks outrage
The Haj Committee of India's last-minute airfare hike of Rs 10,000 per pilgrim, citing fuel costs, has drawn criticism from pilgrims in Gujarat, who call it unfair and financially burdensome.
Category : Business
Odisha CM Majhi Invites Gujarat Firms to Invest
Odisha CM Mohan Charan Majhi invited Gujarat-based companies to invest in Odisha, pitching a two-coast strategy to boost India's growth and access to eastern markets.
ITP Aero Breaks Ground on Hyderabad Manufacturing Plant
Spanish aerospace firm ITP Aero has begun construction of a new manufacturing facility in Hyderabad to produce commercial aviation engine components, creating over 350 skilled jobs by 2027.
Telangana HC Suspends 2008 Order on IDPL Land
The Telangana High Court suspended a 2008 BIFR order that blocked the state from reclaiming 891.38 acres of IDPL land in Hyderabad, now valued at ₹50,000 crore.
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MahaRera Show-Cause Notices to 391 Nagpur Projects
MahaRera issued show-cause notices to 391 Nagpur housing projects for failing to upload quarterly progress reports, part of a statewide crackdown on 8,212 defaulting projects.
Central Railway starts car transport from Igatpuri via NMG rakes
Central Railway begins loading cars at Igatpuri goods shed using double-deck NMG rakes, meeting high demand for Nashik-made vehicles. First rake dispatched to Nautanwa.
Vizhinjam-Balaramapuram Rail Tunnel Tender Next Week
The tender for the 10.7-km Vizhinjam-Balaramapuram railway tunnel project will be floated next week, enhancing connectivity to Vizhinjam International Seaport. The project, with a 9.4-km underground tunnel, is expected to be completed by 2028.
Nagpur Timber Yard Fire Causes Rs1.25 Crore Loss
A major fire broke out early Tuesday at two timber establishments in Nagpur's Kalamna area, destroying wood, machinery, and structures, with losses estimated at Rs1.25 crore.
Modi Govt Approves Rs 2.5 Lakh Crore ECLGS 5.0 for Businesses
The Modi government has approved a Rs 2.5 lakh crore loan facility under ECLGS 5.0 to support MSMEs and airlines affected by the West Asia crisis, offering credit guarantees and extended repayment tenors.
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CII chief: Corporate investments up 50% to Rs 41 lakh crore
CII president Rajiv Memani said corporate investment announcements rose 50% to Rs 41 lakh crore in FY26, amid caution over global uncertainties and slow private capex.
IMF Suggests India Pass On Higher Oil Prices To Consumers
IMF recommends India pass on higher crude prices to consumers amid energy shock, while RBI deputy governor counters limited fiscal space claim, citing prudent policies and growth.
Kiran Mazumdar-Shaw Names Niece Claire as Biocon Successor
Biocon founder Kiran Mazumdar-Shaw announces a gradual succession plan, naming her niece Claire Mazumdar as her successor. Claire currently leads Biocon spinoff Bicara Therapeutics.
Sebi Proposes Foreign Bonds via Online Platforms in GIFT City
Sebi plans to let online bond platforms offer IFSCA-regulated debt securities in GIFT City, enabling Indian investors to buy foreign bonds and tax-saving bonds from govt bodies.
Top Stocks to Buy: Castrol, Concord Biotech, Intellect Design
Mehul Kothari of Anand Rathi recommends buying Castrol India, Concord Biotech, and Intellect Design Arena today. Check targets and stop losses.
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Bombay HC Quashes FIR Against HDFC Bank CEO
Bombay High Court quashed an FIR against HDFC Bank CEO Sashidhar Jagdishan filed by Lilavati Hospital Trust, calling it a counterblast to recovery proceedings.
Stock Market Live: Nifty Above 24,100, Sensex Up on Oil Drop
Indian stock markets opened higher on Wednesday as crude oil prices declined on hopes of a US-Iran peace deal. Nifty50 traded above 24,100, while BSE Sensex gained over 250 points.
Global Optimism Drives Indian Stocks Up: Sensex Gains 500 Points
Indian stock markets rallied on global optimism, with Sensex gaining 500 points and Nifty soaring past the 24000 mark, driven by positive global cues and strong buying.
Indian Firms Pledge $20.5 Billion US Investment
Indian companies announced a record $20.5 billion investment pledge in the US, with 12 firms signing immediate deals at the SelectUSA Investment Summit.
Rupee Rises 23 Paise to 94.95 Against Dollar
The Indian rupee appreciated 23 paise to 94.95 against the US dollar in early trade on Wednesday, recovering from its previous close at the interbank foreign exchange market.
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Claire Mazumdar Named Biocon Successor by Kiran Mazumdar-Shaw
Claire Mazumdar, 37, niece of Kiran Mazumdar-Shaw, has been named as her successor for Biocon. She is the founding CEO of Bicara Therapeutics.
Coforge shares surge over 10% on Q4 profit jump to Rs 612 crore
Coforge shares surged over 10% after the IT company reported a multifold jump in Q4 net profit to Rs 612 crore, driven by strong revenue growth and operational efficiency.
Railway Projects Worth Rs 23,437 Crore Approved for Tourism
The government has approved railway projects worth Rs 23,437 crore to enhance connectivity to tourist destinations including Mahakaleshwar Temple and Ranthambore National Park.
Pixxel Wins US NRO Contract for Hyperspectral Data
Indian space-tech startup Pixxel has secured a contract from the US National Reconnaissance Office to integrate its hyperspectral imaging data into the NRO's remote sensing network, enhancing Earth observation capabilities.
Kiran Mazumdar-Shaw Names Niece Claire as Successor
Biocon founder Kiran Mazumdar-Shaw has outlined a five-year succession plan, appointing her niece Claire Mazumdar as her successor. Claire currently leads Bicara Therapeutics.
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Auto Retail Sales Up 13% in April on Rural Demand
Auto retail sales in India surged 13% in April 2025, driven by strong rural demand and new model launches. Two-wheelers and tractors led growth, while passenger vehicles saw moderate gains.
MSME Forum of Ludhiana Concerned Over Rupee Devaluation
The MSME Forum of Ludhiana has expressed deep concern over the continuous devaluation of the Indian rupee, which is impacting small and medium enterprises adversely.
Indian Cos Announce $11B US Investment, 1,500 Jobs
Indian companies have announced a massive $11 billion investment in the US, expected to create 1,500 new jobs across various sectors.
India Tops UN Remittance List Again
India retained its position as the world's largest recipient of remittances in 2023, receiving $125 billion, according to a UN report. The funds are vital for the economy.
Indian Rupee Hits All-Time Low Against US Dollar
The Indian rupee plunged to a record low of 85.07 against the US dollar, driven by strong dollar demand and foreign fund outflows. The decline impacts import costs and inflation.
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Anduril Leads Consortium for US Golden Dome Interceptors
Anduril Industries will lead a consortium to develop space-based interceptors for the US Golden Dome defense system, a next-generation missile shield.
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