Zepto Founders Get ED Summons Under FEMA, IPO Doc Reveals
Zepto's updated IPO document reveals that its founders received ED summons under FEMA. The ED sought details on foreign investments, financial statements, and business model.
Category : Corporate News
SpiceJet Pilots Await Salaries Since March; Seeks Govt Loan
Many SpiceJet pilots and employees have not received salaries since March, internal messages show. The airline is seeking a government-backed loan to ease financial stress.
Top Residential Hotspots Along India's New Metro Corridors
India's expanding metro networks are creating new residential hotspots across major cities, driving real estate demand and investment opportunities in previously less-developed areas.
Defence Stock in Focus: Trading Approval for New Equity Shares
A defence company has secured trading approval for new equity shares, boosting investor sentiment. The stock is expected to see increased activity. Check details.
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Training Stipend for Law Graduates in Bengaluru Rises
Law graduates in Bengaluru now receive higher training stipends, with top firms offering up to ₹50,000 monthly, reflecting growing demand for legal talent.
Mehli Mistry Questions Trustees' Roles in Tata Affiliates
At a TEDT meeting, Mehli Mistry challenged the continued presence of Venu Srinivasan and Vijay Singh in affiliate boards, citing his own precedent of stepping down after trusteeship ended.
Agriculture Dept Job Vacancy in Bengaluru
Bengaluru agriculture department announces job vacancy requiring postgraduate degree in agriculture-related field with computer skills. Apply now.
ESIC Needs Reform, Not Surrender
The Employees' State Insurance Corporation faces financial challenges. Instead of surrendering to deficits, comprehensive reforms can restore its health and ensure worker welfare.
CEA: Local Body Financial Records Fragmented, Incomplete
The Chief Economic Advisor highlighted that financial records of local bodies are fragmented and incomplete, impacting fiscal planning and transparency.
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MCG Terminates Three Contracts Worth Rs 81 Lakh
MCG has terminated three contracts valued at over Rs 81 lakh in Ward 27 and debarred the contractor for two years for failing to start projects like water supply lines and sump well construction.
Couple Dupes Mumbai Cop of Rs 35 Lakh in Investment Scam
Colaba police arrested a couple for defrauding a police constable and his wife of Rs 35 lakh by promising high returns from online shopping and gambling ventures.
TN to Recruit 15,000 Personnel for Power Companies
Tamil Nadu's electricity minister announced recruitment of 15,000 personnel for power distribution and generation companies, citing corruption-free governance and transparent promotions.
VDA to Develop Three Townships Including Sports City in Varanasi
The Varanasi Development Authority is launching three integrated townships, including a Sports City near the new cricket stadium, with Rs 400 crore seed capital from the state government.
Nafed Entry Drives Onion Prices Up 10% at Lasalgaon APMC
Onion wholesale prices at Lasalgaon APMC rose 10% to Rs1,650 per quintal as Nafed's entry spurred competition, though procurement remained low due to better trader rates.
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Consumer Commission Orders NICL to Settle Claim Over License Issue
Uttarakhand consumer commission directs National Insurance Company to pay Rs 2.38 lakh to Sher Singh Kholia, whose claim was rejected due to a discrepancy in driving license validity.
Railways Sanctions Rs 162.57 Cr for Bengaluru-Tumkur Traction Upgrade
Indian Railways has approved Rs 162.57 crore to upgrade the Bengaluru-Tumkur electric traction system to 2x25 kV, enhancing power supply and traffic capacity.
Infosys CFO Joins Cars24 Board as Independent Director
Infosys CFO Jayesh Sanghrajka has been appointed as an independent director on Cars24's board. He served on the audit committee for four years.
Hungary MPs' salaries cut by 40% as parliament approves reform
Hungary's parliament unanimously approved a 40% cut in lawmakers' salaries, fulfilling PM Peter Magyar's pledge to curb spending and restore public finances. The cuts also apply to the prime minister and committee members.
Himachal Tourism Ends Discounts for Top Officials
HPTDC withdraws special privileges including rooms at Rs 100/day and 50% food discount for chairmen, vice-chairmen, MD, and board members as part of cost-cutting measures.
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Gold Manufacturer Arrested for Rs 3.8 Crore Fraud
Mumbai crime branch arrested Abulhasan Sheikh from West Bengal for allegedly cheating multiple jewellers of over 2.8 kg of gold worth nearly Rs 3.8 crore.
LIC Housing Finance to Pay Rs 10 Lakh for Lost Papers
Delhi State Consumer Commission upheld Rs 10 lakh compensation against LIC Housing Finance for losing a borrower's original property documents after full loan repayment, ruling it as deficiency in service.
SpaceX IPO: $75B Raise, $1.75T Valuation, Trading June 12
SpaceX plans a $75 billion IPO at a $1.75 trillion valuation, potentially the largest ever. Trading on Nasdaq under SPCX starts June 12, with high demand and retail investor access.
India-UK Trade Pact Talks Progressing in Britain
India and the UK are advancing discussions to resolve pending issues for the trade pact, with the JETCO meeting scheduled later this month in Britain.
Kebab Company Fined £500,000 for Selling Fake Lamb
A UK kebab company was fined £500,000 for selling lamb kebabs made from skin, fat, and cheaper meats, defrauding consumers and businesses across the country.
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SpaceX IPO Could Be Largest in History at $1.75 Trillion
SpaceX plans a $75 billion IPO at a $1.75 trillion valuation, potentially the largest ever. Strong investor demand, retail access, and a Google deal highlight the offering.
Country Delight Wins Food Safety Company of the Year 2026
Country Delight has been honored as 'Food Safety & Quality Company of the Year' at the India Food Safety Summit & Awards 2026 for its farm-to-home supply chain and rigorous quality standards.
TCS Partners with Canada Life for IT Modernisation
TCS has signed a multiyear deal with Canada Life to modernise IT infrastructure across its European businesses, focusing on resilience, automation, and customer experience.
Haleon Invests Rs 2,000 Crore in First India Plant
Haleon, formerly GSK Consumer Healthcare, announces Rs 2,000 crore investment in its first owned manufacturing facility in India at Pithampur, Madhya Pradesh, boosting 'Make in India'.
India's Underpenetrated Health Insurance Market Attracts FDI
India's private health insurance sector faces challenges like high claim ratios and fraud, but 100% FDI allowance and PE interest in hospitals create opportunities for acquisitions and HMO models.
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RBI-Government Measures May Bring USD 35-40 Billion Inflows
A Yes Bank report says RBI and government measures could attract USD 35-40 billion in foreign capital, helping bridge India's BoP gap in FY27 and boosting forex reserves.
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