AC Prices in Ahmedabad to Rise 5% This Summer

Air conditioner prices in Ahmedabad are set to increase by about 5% this summer, driven by rising input costs, new energy-efficiency norms effective from 2026, and global pressures, though GST reductions help limit the impact.

India Rejects US Trade Probes, Calls for Bilateral Dialogue

India has formally rejected US Section 301 investigations on forced labor and excess capacity, urging bilateral resolution during ongoing trade negotiations. Talks between Indian and American officials are set to begin in Washington.

CBI Investigates Chennai Metrozone Project for Fraud

The CBI has filed a case against Ozone Projects Pvt Ltd, Axis Bank officials, and others for alleged subvention scheme violations and cheating homebuyers in the Metrozone project, following Supreme Court directives.

Tata Semiconductor SEZ Approved in Dholera, Gujarat

The Centre has notified a special economic zone for Tata Semiconductor Manufacturing in Dholera, Gujarat, as part of India's push to become a global semiconductor hub. The project, spanning 66.16 hectares, is expected to create 21,000 jobs and attract Rs

Boiler Blast at Gujarat Oil Mill Injures Four Workers Critically

A boiler explosion at a castor oil extraction mill in Banaskantha's Kanodar town left four workers with severe burns. Three with 60%-90% burns are critical at Ahmedabad Civil Hospital, while one with 30% burns is treated locally. Police investigate the in

LPG Bookings Fall to 43-44 Lakh in April, Supply Normalizes

Domestic LPG refill bookings have declined to 43-44 lakh cylinders in April from a peak of 89 lakh in March, reducing strain on supplies. Government data shows daily bookings below 50 lakh since April 3, with normal delivery operations.

RERA Dismisses NKPL Complaints Over Missing Documents

The Karnataka Real Estate Regulatory Authority has disposed of multiple complaints from Nadaprabhu Kempegowda Layout allottees against BDA, citing insufficient documentation to adjudicate claims of delays and refunds.

LPL Financial Opens Global Capability Centre in Hyderabad

LPL Financial, a US-based wealth management firm, has inaugurated its first global capability centre outside the United States in Hyderabad, planning to hire over 1,500 tech professionals to enhance technology, AI, and operations.

Punjab Wheat Procurement at 38% as Arrivals Surge

Only 38% of wheat crop was procured from Punjab purchase centers by April 15, with 6.53 lakh MT arriving but just 2.48 lakh MT purchased, marking a decline from last year's procurement figures.

IMF Forecasts India's GDP Growth at 7.8% for FY25

The International Monetary Fund (IMF) projects India's GDP to grow by 7.8% in FY25, driven by strong domestic demand and investment. This forecast highlights India's resilience amid global economic challenges.

Gurgaon Crackdown on Unauthorized Banquet Halls and Hotels

Gurgaon's town planning department has launched a crackdown on 13 unauthorized banquet halls, marriage venues, and hotels for violating land-use norms, with one hotel demolished and notices issued to others amid resident complaints.

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