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.
Category : Business
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.
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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Coinbase to Cut 14% Workforce in AI Restructuring
Coinbase CEO Brian Armstrong announces a 14% workforce reduction as part of an AI-native restructuring to streamline operations and focus on artificial intelligence.
60 New CNG Stations in Rajasthan This Fiscal Year
Rajasthan will establish 60 new CNG stations this fiscal year, announced ACS Aparna Arora. GAIL Gas expertise will be shared with Jaipur operators.
Odisha CM Majhi Begins Gujarat Outreach for Industrial Investments
Odisha CM Mohan Charan Majhi launched a three-day business outreach in Gujarat, pitching Odisha as a key driver of India's next growth phase, with high-level meetings in chemicals, metals, and textiles sectors.
Thieves trapped by neighbours call police for rescue
Two thieves in Rourkela called police for help after being locked inside a house by alert neighbours. They were rescued and arrested, with stolen jewellery recovered.
Dombivli College Alumni Funds Misappropriated; 3 Booked
Three individuals including two former office-bearers of Shivajirao S. Jondhale College of Engineering alumni association and a bank manager booked for allegedly misappropriating over Rs 3 lakh from association funds.
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Joey Bosa to Cowboys or Titans? Two new suitors emerge
After two months in free agency, Joey Bosa remains unsigned. The Dallas Cowboys and Tennessee Titans have emerged as top destinations for the veteran defensive end.
Govt Approves Rs 18,100 Crore ECLGS 5.0 for MSMEs, Airlines
The Indian government has approved the Emergency Credit Line Guarantee Scheme (ECLGS 5.0) with an outlay of Rs 18,100 crore to support MSMEs and airlines affected by the West Asia conflict.
Labourer killed in Sewri-Worli bridge construction mishap
A 19-year-old daily wage labourer from Nepal died during construction of the Sewri-Worli connector in Mumbai due to an unstable iron frame swung by a crane, highlighting safety lapses.
7 Arrested in Chhattisgarh Rs 115 Crore Overtime Scam
Chhattisgarh EOW/ACB arrested seven directors of manpower agencies for an alleged Rs 115 crore overtime scam in CSMCL. Fake bills were used to siphon funds.
FASTag Non-Payment Leads to Service Suspension on NHs
Failure to pay toll via FASTag at barrier-less plazas on National Highways will result in e-Notice and suspension of all FASTag services until dues are cleared, as per government FAQs.
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Bank Credit Grows 15.9% in FY2025-26, Reaches Rs 212.9 Lakh Crore
Scheduled Commercial Banks recorded robust 15.9% credit growth in FY2025-26, reaching Rs 212.9 lakh crore. Services, personal loans, and agriculture led the expansion amid low interest rates.
Bank Manager Remanded in Rs 1.08 Crore Embezzlement
Sudhansu Khora, branch manager of KCC bank in Malkangiri, was forwarded to court after arrest for misappropriating over Rs 1.08 crore in crop loan funds from farmers via LAMPS.
Odisha RERA Revises QPR Formats, Allows Hard-Copy Filing
Odisha RERA modifies quarterly progress report formats for builders, allowing hard-copy submission for offline-registered projects. New formats from June 2026 aim to improve transparency and compliance tracking.
Maharashtra blood banks profiteering on plasma sales
Maharashtra blood banks are selling excess plasma for Rs 7,000 per litre, far above the allowed Rs 1,600. SBTC plans a new policy and 50-point inspection checklist to curb profiteering and over-collection.
Rupee Rises 5 Paise to Close at 95.18 Against Dollar
The Indian rupee strengthened by 5 paise to close at 95.18 against the US dollar on Thursday, supported by positive domestic equities and foreign fund inflows.
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Three Workers Die in Gas Leak at Angul Steel Plant
Three workers died in a suspected gas leak while cleaning a pipeline at a steel and sponge iron plant in Angul district. Police have initiated an investigation into the incident.
BEST Re-Tenders Prime Ghatkopar Property After Rent Objections
BEST committee raises objections over low annual rent of Rs 33.4 lakh for a prime 5,516 sq ft plot near Ghatkopar East station, leading to re-tendering. Nine other properties cleared.
Centre Approves Rs 1,570 Cr Ship Repair Facility at Vadinar
The central government has approved a Rs 1,570 crore ship repair facility at Vadinar in Gujarat, aiming to boost maritime infrastructure and create jobs.
Cabinet Approves 2 New Semiconductor Units in Gujarat
The Union Cabinet has approved two additional semiconductor manufacturing units in Gujarat with a combined investment exceeding ₹3,900 crore, boosting India's chip-making ambitions.
US Stocks Near Records as Oil Eases, Earnings Stay Strong
US stock markets neared record levels on Tuesday as falling oil prices shifted focus to strong corporate earnings, with the S&P 500 rising 0.6% and nearing its all-time high.
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Centre OKs Two Semiconductor Projects in Gujarat
The Centre has approved two semiconductor projects in Gujarat with a total investment of Rs 3,936 crore, boosting India's chip manufacturing ecosystem.
India Approves Rs 5,000 Crore Credit Lifeline for Airlines
The Union Cabinet approved ECLGS 5.0, providing Rs 5,000 crore credit guarantee to airlines hit by Iran war, with up to Rs 1,500 crore per carrier to ease liquidity and avert shutdowns.
ITAT: Property from Relatives Not Sham for Tax Exemption
Mumbai ITAT ruled that buying a residential property from close relatives cannot be treated as a sham transaction solely because it yields tax benefits, allowing a Rs 41.5 crore exemption under Section 54F.
Sensex Nifty End Lower on Geopolitical Tensions Rupee Low
Benchmark indices Sensex and Nifty closed lower on Tuesday due to geopolitical tensions around the Strait of Hormuz and a record-low rupee, with Sensex falling 251 points.
EOW ACB Arrest Seven in Rs 115 Crore Overtime Scam
EOW and ACB arrested seven directors and representatives of manpower agencies in a Rs 115 crore overtime payment scam at Chhattisgarh State Marketing Corporation Limited.
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Greater Noida's Top 5 Real Estate Hotspots Driven by Jewar Airport
Greater Noida's real estate is booming ahead of Jewar Airport's June 15 opening. Discover the top 5 hotspots: Greater Noida West, Pari Chowk, Omega 1, Techzone 4, and Alpha 1.
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