IMF Suggests India Pass On Higher Oil Prices To Consumers
IMF recommends India pass on higher crude prices to consumers amid energy shock, while RBI deputy governor counters limited fiscal space claim, citing prudent policies and growth.
Category : Business
Kiran Mazumdar-Shaw Names Niece Claire as Biocon Successor
Biocon founder Kiran Mazumdar-Shaw announces a gradual succession plan, naming her niece Claire Mazumdar as her successor. Claire currently leads Biocon spinoff Bicara Therapeutics.
Sebi Proposes Foreign Bonds via Online Platforms in GIFT City
Sebi plans to let online bond platforms offer IFSCA-regulated debt securities in GIFT City, enabling Indian investors to buy foreign bonds and tax-saving bonds from govt bodies.
Top Stocks to Buy: Castrol, Concord Biotech, Intellect Design
Mehul Kothari of Anand Rathi recommends buying Castrol India, Concord Biotech, and Intellect Design Arena today. Check targets and stop losses.
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Bombay HC Quashes FIR Against HDFC Bank CEO
Bombay High Court quashed an FIR against HDFC Bank CEO Sashidhar Jagdishan filed by Lilavati Hospital Trust, calling it a counterblast to recovery proceedings.
Stock Market Live: Nifty Above 24,100, Sensex Up on Oil Drop
Indian stock markets opened higher on Wednesday as crude oil prices declined on hopes of a US-Iran peace deal. Nifty50 traded above 24,100, while BSE Sensex gained over 250 points.
Global Optimism Drives Indian Stocks Up: Sensex Gains 500 Points
Indian stock markets rallied on global optimism, with Sensex gaining 500 points and Nifty soaring past the 24000 mark, driven by positive global cues and strong buying.
Indian Firms Pledge $20.5 Billion US Investment
Indian companies announced a record $20.5 billion investment pledge in the US, with 12 firms signing immediate deals at the SelectUSA Investment Summit.
Rupee Rises 23 Paise to 94.95 Against Dollar
The Indian rupee appreciated 23 paise to 94.95 against the US dollar in early trade on Wednesday, recovering from its previous close at the interbank foreign exchange market.
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Claire Mazumdar Named Biocon Successor by Kiran Mazumdar-Shaw
Claire Mazumdar, 37, niece of Kiran Mazumdar-Shaw, has been named as her successor for Biocon. She is the founding CEO of Bicara Therapeutics.
Coforge shares surge over 10% on Q4 profit jump to Rs 612 crore
Coforge shares surged over 10% after the IT company reported a multifold jump in Q4 net profit to Rs 612 crore, driven by strong revenue growth and operational efficiency.
Railway Projects Worth Rs 23,437 Crore Approved for Tourism
The government has approved railway projects worth Rs 23,437 crore to enhance connectivity to tourist destinations including Mahakaleshwar Temple and Ranthambore National Park.
Pixxel Wins US NRO Contract for Hyperspectral Data
Indian space-tech startup Pixxel has secured a contract from the US National Reconnaissance Office to integrate its hyperspectral imaging data into the NRO's remote sensing network, enhancing Earth observation capabilities.
Kiran Mazumdar-Shaw Names Niece Claire as Successor
Biocon founder Kiran Mazumdar-Shaw has outlined a five-year succession plan, appointing her niece Claire Mazumdar as her successor. Claire currently leads Bicara Therapeutics.
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Auto Retail Sales Up 13% in April on Rural Demand
Auto retail sales in India surged 13% in April 2025, driven by strong rural demand and new model launches. Two-wheelers and tractors led growth, while passenger vehicles saw moderate gains.
MSME Forum of Ludhiana Concerned Over Rupee Devaluation
The MSME Forum of Ludhiana has expressed deep concern over the continuous devaluation of the Indian rupee, which is impacting small and medium enterprises adversely.
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.
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.
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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.
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.
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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.
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.
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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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