Musk Testifies OpenAI Was His Idea, Accuses Execs of Looting
Elon Musk testified that OpenAI was his idea and accused executives of looting the charity, warning it could destroy charitable giving in America.
Category : Business
Thief steals Rs 9.55 lakh from Nagpur spice warehouse
A thief broke into a spice warehouse in Nagpur's Kalamna area and stole Rs 9.55 lakh cash. The incident occurred over the weekend, and police have registered a case.
Pune man loses Rs 51 lakh in second investment scam
A Pune man who lost Rs 15 lakh in a share-trading scam fell for another global investment platform and lost Rs 51 lakh more. He invested to recover losses but was duped again.
Maharashtra Heat Wave Hits Vegetable Crops, Prices May Rise
Extreme heat of 42-47°C in Maharashtra is damaging vegetable crops, with farmers warning of steep production losses and likely price surges.
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Airtel Africa's Mobile Money IPO Could Raise Up to $2B
Airtel Africa's IPO of its mobile money business, Airtel Money, may raise between $1.5 billion and $2 billion, with London as the likely listing venue, valuing the unit at up to $10 billion.
Snabbit Raises $56M to Dominate Home Services Market
Snabbit secures $56 million in funding led by top venture firms to expand its on-demand home services platform in India, valuing the startup at $390 million.
NMC Faces Rs 259 Crore Property Tax Default Crisis
Over 28,000 property owners in Nagpur have never paid property tax, leading to cumulative dues of Rs 259.48 crore, exposing systemic failures in assessment and recovery.
Airlines Seek Urgent Govt Intervention on Jet Fuel Prices
Two days before ATF price revision, Indian airlines urge Centre for tax cuts and rational pricing to prevent flight cancellations and industry collapse amid high global oil prices.
Maruti Suzuki Revenue Record Rs 1.8 Lakh Crore, Profit Flat
Maruti Suzuki posted record revenue of Rs 1.8 lakh crore in FY26, up 19.9%, but net profit rose only 1.2% to Rs 14,680 crore due to rising costs. March quarter profit fell 6.4%.
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Centre Revives IDBI Bank Stake Sale, Fresh Valuation
The government has revived the strategic sale of its and LIC's stake in IDBI Bank after bids were rejected. A fresh valuation is being undertaken, and officials are deciding whether to limit the process to existing bidders or start anew.
Ahmedabad EOW Files Fifth Complaint Against Finance Operator
Ahmedabad police registered a fifth cheating complaint against a finance operator who allegedly duped a businessman of Rs 20 lakh with a fake stock market investment scheme.
New solar grid charges hit MSME savings in Pune
Revised banking rules and grid support charges from April 1, 2026, have drastically reduced electricity savings for 800–1,500 MSMEs in Pune, prompting demands for rollback.
Patanjali to Set Up Largest Orange Processing Cluster in Nagpur
Patanjali Group will develop an orange processing cluster in Nagpur's Mihan project, backed by government subsidy. The Rs650 crore project aims to cover 21,000 hectares across three districts, supplying extracts to pharma, cosmetics, and food industries.
Nagpur Cooperative Society Barred from Accepting Deposits
The Central Registrar of Cooperative Societies has barred Nirmal Ujjwal Credit Cooperative Society from accepting deposits due to financial impropriety and fund diversion found in a police investigation.
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New Reservoir to Boost Water Supply for Indore SEZ Industries
Indore SEZ in Pithampur will get water from a new 3,300 KL reservoir from early May to meet rising summer demand, especially from pharma units, reducing dependence on fluctuating sources.
Pithampur Industry Body Seeks Probe into Waste Fire
Pithampur Audhyogik Sangathan demands a high-level investigation into a recent fire at a hazardous waste unit that spread to four factories, highlighting safety gaps in Madhya Pradesh's largest industrial belt.
Neemuch Transformer Explosion Leads to Blackout, No Injuries
A power transformer explosion near Telephone Exchange in Neemuch caused a blackout in Revenue Colony. No injuries were reported. Officials suspect high temperatures and electrical load as causes.
Fire at Bhiwadi Rubber Plant, No Casualties
A major fire erupted at Crown Rubber Plant in Bhiwadi's industrial area on Tuesday evening, likely due to a short circuit. Five fire tenders are battling the blaze, which destroyed finished rubber goods and caused heavy financial losses.
Bhopal Metro Blue Line Safety Risks for Pedestrians and Vehicles
The ongoing construction of Bhopal Metro's Blue Line has turned footpaths into roads, creating hazardous drops and steep gradients, raising alarms among pedestrians, motorists, and urban planners.
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Ex-Yashoda Manager Arrested for Embezzling Rs 1.1 Crore
The Central Crime Station in Hyderabad arrested a former senior purchasing manager of Yashoda Hospitals for allegedly siphoning off over Rs 1.1 crore through inflated procurement from front companies.
Punjab hikes milk procurement price by Rs 20 per kg fat
Punjab government increases milk procurement price for Milkfed (Verka) farmers by Rs 20 per kg fat from May 1, benefiting 2.5 lakh farmers and boosting rural economy.
Inverted Duty Crisis: Ludhiana Small Units Face Liquidity Crunch
Small manufacturers in Ludhiana face liquidity crisis due to inverted GST duty structure, with 13% working capital locked in refund delays, forcing periodic shutdowns.
MSMEs urge RBI to stop CIBIL cut for one-day delay
Micro and small industries in Coimbatore urge RBI to stop banks from reducing CIBIL scores for one-day loan delays, citing financial stress from rising costs and global crisis.
Vummidi Bangaru Jewellers Plans Rs 500 Cr Expansion
Vummidi Bangaru Jewellers plans Rs 500 crore expansion, targeting Rs 5,000 crore revenue by FY28, with new stores in India and the US, plus a digital gold platform.
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Sigenergy Plans $150-200 Mn Manufacturing Facility in India
Sigenergy, a Shanghai-based renewable energy firm, plans to invest $150-200 million in a large-scale manufacturing facility in India, targeting the growing battery storage market.
Fuel panic buying eases in Hyderabad after chaotic morning
Panic buying of fuel across Hyderabad eased by evening after a chaotic morning. Authorities and dealers reassured the public and streamlined supply, ending long queues.
Chennai Developer DRA Deploys AI Platform for Construction
Chennai-based DRA deploys an AI construction intelligence platform to enhance project management, quality inspection, and safety analytics, partnering with Slate Technologies.
GST Refund Delays Hit Ludhiana Manufacturers Hard
Ludhiana manufacturers face severe working capital stress due to delayed GST refunds under inverted duty structure, threatening closure of small units.
Karnataka HC Stops Revised DSM Regulations for Solar, Wind
The Karnataka High Court has issued an interim order restraining authorities from enforcing the revised CERC DSM regulations against petitioners including solar and wind energy producers.
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Punjab Industrialists Protest New 0.5% Upfront Fee
Industrialists in Punjab protest a new non-refundable upfront fee under the 2026 industrial guidelines, arguing it deters investment and hurts small businesses.
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