McLeod Russel Sells Three Tea Estates for Rs 88 Crore
McLeod Russel India is selling three tea estates in Assam for around Rs 88 crore as part of a debt restructuring plan approved by NARCL.
Category : Business
NSE IPO Boost: Shareholders Cross 4% OFS Limit
The NSE IPO received a significant boost as shareholders agreed to sell over 4% equity in the offer for sale, with major stakeholders like LIC and SBI participating.
RBI Final Rules: Banks to Set Aside Loan Loss Provisions From 2027
RBI's final rules require banks to set aside money for possible loan defaults from April 2027 using expected credit loss models, softening earlier proposals but marking a major shift in bad loan recognition.
PMPML Warns Contractors of Penalty After Bus Theft
PMPML CMD Mahesh Awhad warned private contractors of heavy penalties and contract termination if bus theft incidents recur due to driver negligence.
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ITAT quashes Rs 32 crore tax proceedings against Ajit Pawar
The Income-tax Appellate Tribunal quashed proceedings under Section 153C against late Ajit Pawar, deleting Rs 32.14 crore addition as unexplained income, citing insufficient evidence.
Sun Pharma buys US firm Organon for $11.8 billion
Sun Pharma acquires Organon & Co for $11.8 billion, marking the largest overseas pharma deal by an Indian company. The deal expands Sun's reach into women's health and biosimilars.
PM MITRA Park Dhar: First Textile Units to Start Construction
Four textile units are set to begin construction at the PM MITRA Park in Dhar in early fiscal 2026, marking a shift from allotments to execution. The park has investment proposals exceeding Rs 21,500 crore from 38 firms, with potential for nearly 55,000 j
PSPCL Unions Protest Land Use Shift in Goraya
PSPCL unions in Goraya oppose proposed land use change, citing concerns over employee welfare and infrastructure. The protest highlights tensions between development and worker rights.
Sun Pharma Acquires Organon & Co for $11.75 Billion
Sun Pharmaceutical Industries signs a definitive agreement to acquire US-based Organon & Co in an all-cash transaction valued at $11.75 billion, strengthening its global footprint in women's health and biosimilars.
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IT Dept Attaches Rs 100 Crore Benami Land in Hyderabad
The Income Tax Department's Benami Prohibition Unit has attached 2.2 acres of prime land worth Rs 100 crore in Narsingi, Hyderabad, alleging it was benami property held by Gia Global Consultants Pvt Ltd.
Heatwave Drives Gujarat Power Demand to Record High in April
Gujarat's peak power demand hit 25,360 MW on April 25, 2025, as temperatures soared above 40°C. Daily consumption reached 513 million units, the highest for April, driven by cooling needs and industrial use.
LPG Tanker Owners Call Off Strike After IOC Dues Assurance
The Southern Region LPG Bulk Gas Tanker Lorry Owners Association withdrew its strike after Indian Oil Corporation assured to clear pending rental dues of about Rs 50 crore within two days.
Diamond Imports into SEZs Surge 621% in March, Raising Concerns
India's imports of cut and polished diamonds into SEZs surged 621% in March 2026, prompting industry leaders to call for a probe into possible unauthorized practices.
India-New Zealand FTA to Triple Gem-Jewellery Exports
India's gem and jewellery exports to New Zealand are expected to nearly triple to $50 million in three years after the India-New Zealand FTA, offering zero-duty access and a competitive edge.
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Armed Gang Robs SBI Branch in Surat of Rs 52 Lakh
Five armed men stormed an SBI branch in Surat's Varachha area, stealing Rs 52 lakh. No security guard was present, and the emergency siren was disabled. Police have formed multiple teams to investigate.
Punjab Seed Dealers Strike Against Central Govt Policies
Nearly 15,000 seed and fertiliser dealers in Punjab suspended operations on Monday in a nationwide protest against central government policies they claim are crippling their livelihoods.
BMC Approves JIO to Run Kandivli Hostel for Women
BMC's Improvements Committee approved Jain International Organisation to operate a 135-bed women's hostel in Kandivli East, despite opposition from Congress members concerned about privatisation of civic assets.
Johnson Lifts buys majority stake in Toshiba JV
Johnson Lifts increases its stake in Toshiba Johnson Elevators India to over 80%, gaining control while retaining Toshiba's technology and partnership for premium elevator growth.
Nashik Cancels 26 Layouts in MHADA Housing Scam Probe
Nashik Municipal Corporation begins canceling 26 tentative layouts linked to MHADA housing scam, following police booking of 197 individuals and special investigation team probe.
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City Union Bank Q4 Net Profit Up 25% to Rs 360 Cr
City Union Bank reported a 25% increase in net profit to Rs 360 crore in Q4 FY26, with full-year net profit rising 18% to Rs 1,326 crore. Advances grew 26.5% and NPAs declined.
SASTRA, Tata Advanced Systems Sign MoU for Research
SASTRA University and Tata Advanced Systems Limited have signed an MoU to boost capacity building, research, and training. The partnership was announced during the university's 25th anniversary celebrations.
TMB net profit rises 28% to Rs 374 crore in Q4 FY26
Tamilnad Mercantile Bank posted a 28% rise in net profit to Rs 374 crore in Q4 FY26, driven by interest income and record advances growth. Full-year profit stood at Rs 1,338 crore.
IIT Madras Incubates 112 Startups in FY26, Total Reaches 567
IIT Madras incubated 112 startups in FY26, marking the second consecutive year with over 100 incubations. Total startups on campus reach 567, with a collective valuation of over Rs 74,100 crore.
Vet Quits Job, Builds Thriving Dairy Farm with Self-Bred Cattle
A veterinarian in Ludhiana left his job to create a successful dairy farm using self-bred cattle, showcasing sustainable farming and animal husbandry.
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India-New Zealand FTA: Zero Duty Access to Boost Exports
India and New Zealand signed a Free Trade Agreement, eliminating tariffs on key exports. This pact is expected to boost bilateral trade, create jobs, and enhance economic cooperation.
UP Cuts Liquor Shop Licence Fee by Additional 5% for Leftover Vends
The Uttar Pradesh excise department has slashed the licence fee for leftover retail liquor vends by an additional 5%, marking the third reduction, to make operations financially viable.
Tapovan Express Gets Extra Coaches from April 29
The Nanded-Mumbai Tapovan Express, known for severe overcrowding, will get two additional coaches from April 29 to ease passenger congestion.
LDA Anantnagar Plot Registrations Phase 2 from Apr 28
Lucknow Development Authority will open second phase online registration for 498 residential plots under Anantnagar scheme from April 28 to May 27, with lottery-based allotment.
Axis Bank Fraud: Staff Used Customer Data to Take Loan
Two bank employees used confidential customer data to change a registered mobile number and take a pre-approved loan of Rs 4.7 lakh in the customer's name. Four arrested.
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Lucknow Women Protest Smart Electricity Meters
Women protesters in Lucknow's Indiranagar demonstrated against smart electricity meters, citing billing errors and financial strain. They demand return to conventional postpaid meters.
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