Cement Demand Healthy in Q1 FY27, Profitability Under Pressure
Cement demand is expected to stay robust in the first quarter of FY27, but profitability could be squeezed despite recent price increases, according to a Nuvama report.
Category : Business
India Renewable Capacity to Reach 359 GW by FY25-30: Jefferies
India's renewable energy capacity is projected to surge to 359 gigawatts by the fiscal year 2025-30, driven by strong government policies and investments, according to a Jefferies report.
Wall Street Hits Record Highs on Easing West Asia Tensions
Wall Street benchmarks closed at record highs on Friday, driven by easing geopolitical tensions in West Asia that sparked a broad risk rally. The S&P 500 and Nasdaq Composite notched their third straight record closes, while oil prices fell sharply.
TCS Denies HR Manager Role in Nashik Controversy, Rejects Shutdown
Tata Consultancy Services clarifies that an individual linked to Nashik unit allegations is not an HR manager, denies facility shutdown, and reaffirms commitment to employee welfare amid misconduct claims.
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Gutli Man: Mango Seeds to Sustainable Farmer Income
Jasmit Singh Arora, known as the Gutli Man of India, collects millions of discarded mango seeds to germinate saplings for farmers, replacing low-yield crops with eco-friendly mango trees for long-term income.
Netflix Stock Dives 12% After Disappointing Forecast, Hastings Exits
Netflix shares tumbled 12%, their biggest drop in four years, after a Q2 earnings forecast missed analyst expectations. Co-founder Reed Hastings also announced his departure after 29 years.
Varanasi Cruise Project Scandal: Rs 4 Crore Fraud Case Filed
A major financial scandal has derailed plans to expand modern cruise services on the Ganga in Varanasi. A private company from Kerala faces fraud charges exceeding Rs 4 crore for failing to deliver three cruises after receiving substantial payments.
Amruta Fadnavis on Axis Bank, TCS Nashik Probe Finds 4-Year Pattern
Amruta Fadnavis highlights institutional response from her Axis Bank tenure as TCS Nashik investigation reveals a 4-year pattern of alleged harassment and conversion attempts.
US Judge Rejects Bayer Bid to Block J&J Cancer Drug Claims
A US judge has rejected Bayer's motion to block lawsuits against Johnson & Johnson over its prostate cancer drug Zytiga, allowing claims of patent infringement to proceed in court.
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Airlines Hike Fares Amid West Asia Conflict Fuel Costs
Air India and other carriers are adjusting strategies, with Air India shifting to a distance-based fuel surcharge, as rising fuel costs from West Asia tensions impact the aviation industry.
UP Loses Sugar Crown to Maharashtra: Key Reasons Revealed
Uttar Pradesh's sugar production fell to 89 LMT in 2025-26, behind Maharashtra's 99 LMT, due to low cane yield, diversion to Khandsari units, and delayed farmer payments.
Under-Construction Property: Investment Guide & Risk Factors
Investing in under-construction property offers potential high returns but carries significant risks. Real estate expert Deepinjit Singh shares 10 crucial factors to evaluate, from builder reputation to legal clearances, ensuring informed decisions.
Amazon's New China Strategy: Logistics Over E-commerce
Amazon launches a Global Warehousing and Distribution centre in Shenzhen, targeting Chinese sellers for exports to cut costs by up to 45% amid rising competition from Shein and Temu.
LDA OTS Camps Offer Relief to 4,000 Lucknow Defaulters
The Lucknow Development Authority initiates a One-Time Settlement program, providing penalty waivers and rebates to around 4,000 defaulters across residential and commercial schemes from April 18 to July 17.
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Pune Office Rents Stable Despite Moderation in Absorption
Commercial leasing rentals in Pune remain stable with developers restricting new supply. Knight Frank India reports a 5% YoY rent increase to Rs 81/sqft, while CBRE notes stable rates in key hubs like Baner and Hinjewadi.
China Solar Export Ban Threatens US Renewable Energy Goals
China is considering restricting exports of advanced solar panel manufacturing equipment to the United States, targeting the core of global renewable energy supply chains and potentially derailing US efforts to localize production.
Pune Private Air Travel Costs Soar 40% Due to Fuel Price Hike
Aviation turbine fuel price surge from West Asia conflict drives 30-40% hike in chopper and charter flight fares from Pune, reducing customer base and bookings for operators.
TCS CEO Forms Committee to Review Nashik Unit Investigation
TCS CEO K Krithivasan has established an oversight committee led by independent director Keki Mistry to investigate allegations of sexual harassment and religious coercion at its Nashik unit. The company has suspended employees and engaged external adviso
NRI Accuses IDFC Bank Manager of Rs 1 Crore Embezzlement
A 77-year-old NRI from London has filed a complaint against an IDFC First Bank manager, alleging embezzlement of Rs 1 crore from her account, linked to a larger Rs 116-crore scam involving the Chandigarh municipal corporation.
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Star Health Targets 25% Growth in Bengal, Rs 1,250 Cr by 2027
Star Health Insurance projects a 25% growth in Bengal this fiscal, targeting Rs 1,250 crore premium by 2026-27. The company achieved Rs 1,000 crore in Bengal last year, with a 36% market share and strong claim ratios.
TCS Scandal Exposes Control Failures: Thirukkural's Lesson
The Tata Consultancy Services Nashika office scandal reveals how organizational controls can fail despite policies. Drawing from Thirukkural's wisdom on cross-checking, this article examines why systems betray trust and the courage of those who speak up.
India Expands RELIEF Scheme to Egypt and Jordan
The Indian government has expanded the RELIEF scheme to include Egypt and Jordan, aiding exporters affected by the West Asia crisis. This move aims to boost exports and provide logistical support.
Ex-Defence Secretary Absent from Tata Trust Meeting in Governance Row
Vijay Singh, former Indian defence secretary, skipped a key Tata charitable trust board meeting amid legal challenges to his trustee eligibility based on Zoroastrian and Mumbai residency requirements.
Strait of Hormuz Reopening Sparks Global Stock Market Rally
The reopening of the crucial Strait of Hormuz shipping channel triggered a worldwide stock rally, with US indices hitting record highs and Indian markets poised for a strong Monday opening.
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UltraTech Cement Hits 200M Tonnes, World's Largest Outside China
UltraTech Cement commissions three new grinding units, reaching over 200 million tonnes capacity, solidifying its position as the world's largest cement producer outside China. The company plans further expansion to 240 MTPA by FY28.
MP Industries Set Up Grievance Panels After Labor Unrest
Following recent labor unrest in Pithampur's manufacturing hub, industries are establishing structured grievance redressal systems with worker representation to prevent future disruptions and improve communication.
India Buys Iranian Oil, Pays in Chinese Yuan via US Waiver
Indian refiners purchased Iranian crude oil using a temporary US sanctions waiver and settled payments in Chinese yuan through ICICI Bank's Shanghai branch, officials confirmed on Friday.
Akshaya Tritiya Wedding Rush Strains LPG Supply in MP
With 35,000 weddings scheduled for Akshaya Tritiya in Madhya Pradesh, commercial LPG cylinder restrictions are creating a supply crisis for caterers and hotels, forcing menu cuts and alternative cooking methods.
Thiruvananthapuram Outer Ring Road Moves Forward with EIA Report
The Kerala Forest Research Institute has submitted its environmental impact assessment report for the Thiruvananthapuram Outer Ring Road to NHAI, marking a crucial step toward obtaining fresh environmental clearance from the central government.
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DGFT Lists 15 Banks for Gold, Silver Imports; SBER Bank Authorized
The Directorate General of Foreign Trade has notified 15 banks, including Russia's SBER Bank, to import gold and silver, resolving customs hold-ups that had stalled about five tonnes of gold and eight tonnes of silver.
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