Devon-Coterra $58B Merger Creates Shale Giant
Oklahoma City's Devon Energy and Houston's Coterra Energy announce a massive all-stock merger to form a large-cap producer dominating the Permian Basin amid shale consolidation.
Category : Business
IndiGo to Pay Rs 25k for Curry Spill on Bengaluru Flight
A passenger on a Bangkok-Bengaluru IndiGo flight suffered curry spillage from overhead bin, leading to consumer complaint and Rs 25,000 compensation order by Bengaluru commission.
Air India Grounds Dreamliner Over Fuel Switch Issue
Air India grounded a Boeing 787 Dreamliner after pilots reported abnormal fuel control switch behavior on a London-Bengaluru flight. The aircraft landed safely, with DGCA investigating the potential safety issue.
India May Raise FDI Limit in PSBs to 49% for Capital Boost
The Finance Ministry is evaluating a proposal to increase FDI in public sector banks from 20% to 49% to strengthen their capital base and support growth expansion plans.
Budget 2024: Market Signals for Investors
The Union Budget 2024 offers crucial signals for stock markets. Investors must analyze fiscal discipline, sector allocations, and policy continuity to navigate volatility and identify growth opportunities.
AYESA Wins Lucknow Metro Phase 2 Design Contract
Uttar Pradesh Metro Rail Corporation selects AYESA as lowest bidder for Detailed Design Consultant contract for Line 2 under Phase 1B, advancing Lucknow Metro expansion into Old City.
Budget 2026 Seeks Less Adversarial Tax Regime
The FY27 Union Budget introduces measures to make India's tax system more predictable and less confrontational. Key changes include extended return revision deadlines, simplified assessment procedures, and relaxed safe harbour norms for multinationals.
Budget 2026: Municipal Bond Push for Urban Finance
Finance Minister Nirmala Sitharaman proposes new market-making framework for municipal bonds with access to funds and derivatives to strengthen urban finances in Union Budget 2026.
Crypto Exchange Crisis: Trading Volumes Plummet, Stocks Tumble
Crypto exchanges face severe revenue pressure as trading volumes drop 40% and share prices tumble 40-55%. Bitcoin's 12% weekly decline erodes $200B market value amid investor disengagement.
Ather Energy Q3 Revenue Soars 53%, Losses Halve
Ather Energy reported a 53% surge in Q3 revenue to ₹996 crore, with losses halving to ₹85 crore. Despite GST cuts impacting EV penetration, the company expanded to 600 stores and improved margins significantly.
Chennai: AI Demand Surge, Apparel Exports Growth, Civic Updates
Chennai witnesses a significant surge in AI sector demand alongside growth in non-auto parts manufacturing and apparel exports. Key civic updates, traffic alerts, and administrative developments shape the city's economic landscape.
Alipay+ May Enter India via UPI Cross-Border Link
Exclusive Reuters report reveals Indian government and RBI in talks with Ant International to integrate Alipay+ with UPI for easier cross-border payments for Indian tourists abroad.
Silver Drops 36% from Record High, Gold Falls
Silver prices have fallen for three consecutive days, dropping to Rs 2.6 lakh/kg, while gold declined to Rs 1.52 lakh/10g. The precious metal has lost nearly 36% from its all-time high recorded in late January.
Legal Steps for Landlords Before Renting Property
Learn the five crucial legal and financial steps every homeowner must follow before renting out property in India to avoid disputes and ensure steady income.
Rupee Gains Most in 6 Weeks Post-Budget
The Indian rupee surged against the US dollar, marking its highest single-day gain in six weeks following the Union Budget announcement, driven by positive market sentiment and fiscal measures.
CMA Welcomes Budget's Focus on Manufacturing, Urban Growth
The Chandigarh Management Association has praised the recent budget for its strong emphasis on boosting manufacturing and urban development, highlighting potential economic benefits.
Budget 2026 Raises NRI Investment Caps to Counter FII Withdrawals
Finance Minister Nirmala Sitharaman's Union Budget 2026 increases NRI investment limits in Indian stocks to attract stable capital from overseas Indians, offsetting billions in foreign institutional investor withdrawals.
US $12B Rare Earth Plan, Ford-Xiaomi EV Talks, South Updates
US announces $12 billion stockpile to reduce China dependence on rare earths. Ford and Xiaomi in EV partnership talks. South Indian film updates, health myths debunked, and more top stories.
Bhubaneswar: ₹633 Cr Projects, Housing Revamp & Economic Push
Bhubaneswar announces major civic developments including ₹633 crore projects, affordable housing definition overhaul, and new economic initiatives. Stay updated on traffic, weather, and administrative news.
Gold, Silver Prices Swing Wildly on MCX Amid Global Volatility
Gold and silver prices on MCX witnessed dramatic intraday swings on Monday, with gold recovering all losses and silver erasing most declines. Analysts cite Fed policy expectations, CME margin hikes, and Chinese speculation as key drivers behind the volati
Ford, Xiaomi Deny EV Partnership Rumors
Ford Motor Company and Chinese tech giant Xiaomi have strongly denied reports of a potential joint venture to manufacture electric vehicles in the United States, calling the claims completely false.
Wall Street Opens Lower After Precious Metals Selloff
Wall Street opened lower on Monday as a selloff in precious metals impacted investor sentiment. The Dow Jones, S&P 500, and Nasdaq all declined in early trading.
Wall Street Subdued, Tech Stocks Pressure Market
US stock indices opened lower on Monday with tech stocks like Nvidia dragging down markets. Gold and silver prices recovered some losses while oil tumbled. Investors eye Fed chair nomination and corporate earnings.
Markets Rebound After Budget Day Slump, Nifty Up 1.06%
Indian stock markets staged a surprising recovery on Monday with Nifty gaining 1.06% and Sensex rising 1.17% after Sunday's budget-driven selloff. Analysts remain cautious about near-term prospects despite the rebound.
Maharashtra in High Stress Group for Discom Debt: Finance Panel
The Sixteenth Finance Commission warns of fiscal risks as Discom debt surges, with Maharashtra among eight states where liabilities have become structurally unsustainable.
Air India Dreamliner Grounded Over Fuel Switch Defect
An Air India Boeing 787 Dreamliner was grounded after a pilot reported a possible defect in the aircraft's fuel control switch, prompting immediate safety checks and investigation.
Silver Slides for 3rd Day, Gold Drops in India
Silver prices in India have fallen for the third straight day, reaching Rs 2.6 lakh per kg, while gold has dropped to Rs 1.52 lakh per 10 grams, reflecting ongoing market volatility.
Oracle Stock Dips 3% After $50B Fundraising News
Oracle shares dropped approximately 3% after announcing plans to raise up to $50 billion through debt and equity sales to expand cloud infrastructure for major AI clients like Nvidia and OpenAI.
LIC FPO Planned for Next Fiscal Year
The Indian government is considering a follow-on public offering for LIC in the next financial year to meet minimum public shareholding norms, with DIPAM evaluating the roadmap.
Hyundai India Profit Rises on Rural Sales, Exports & SUVs
Hyundai Motor India Ltd posts 6% profit growth to ₹1,234 crore in Q3, driven by strong rural sales, rising exports and higher SUV demand. The company expects continued momentum with 80,000+ bookings for upgraded Venue SUV.
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