ED Arrests Richa Industries Promoter for Bank Fraud
Enforcement Directorate arrests Sandeep Gupta for cheating banks of hundreds of crores and laundering assets during insolvency. Similar patterns emerge in other corporate fraud cases.
Category : Business
Saks Bankruptcy: Supplier Crisis, Amazon Conflict, Retail Impact
Saks Global's Chapter 11 filing leaves suppliers unpaid, creates rift with Amazon, and threatens store closures. Luxury retail faces major disruption as brands halt shipments and discounts emerge.
Trump Tariffs Harm US Consumers, Hit India Exports: Bloomberg Editor
Matt Winkler, Bloomberg News editor emeritus, argues Trump-era tariffs are punitive for American consumers and have caused a sharp 30% drop in India's US exports.
Jewellers Federation Alleges Insider Trading in Silver on MCX
The All India Jewellers & Goldsmith Federation has accused MCX of insider trading in silver derivatives, citing unusual premiums amid import duty hike rumors. MCX defends its surveillance mechanisms.
TN Sets Up Committee for Broiler Chicken Sector Issues
Tamil Nadu government establishes a technical committee to study broiler chicken production challenges and resolve contractual disputes between farm owners and integrators.
Bank Deposits Cover Only 83% of Credit in India
Data for December 2025 reveals India's bank deposits now fund only 83% of commercial sector credit, down from 85% a year earlier, highlighting a structural shift toward non-bank financing.
India's New Labour Codes Transform Salary & Benefit Calculations
India's four labour codes, effective November 2025, introduce a standardized wage definition that impacts statutory benefits like gratuity and PF. The reform mandates that at least 50% of salary must fall under 'wages,' while preserving tax-efficient allo
SEC Wants to Email Summons to Gautam Adani in US Fraud Case
US SEC requests court permission to email summons directly to Gautam Adani and nephew Sagar Adani over alleged $265 million bribery scheme after India rejects two formal requests.
Telangana Gets ₹29,000 Cr Investment at Davos, L'Oréal AI Hub
Telangana delegation led by CM Revanth Reddy secured ₹29,000 crore investment commitments at WEF Davos, including L'Oréal's AI beauty hub, UPC Volt data centre, and Rashmi Group steel plant.
Rs 5,000 Crore AI Data Centre Coming to Hyderabad
UPC Volt plans a 100 MW AI-ready data centre in Hyderabad's Bharat Future City with Rs 5,000 crore investment, creating thousands of jobs and powered by renewable energy.
Air India's Record Rs 15,000 Crore Loss After Turbulent Year
Air India is set to report a record annual loss of at least Rs 15,000 crore this fiscal year after last year's crash and airspace shutdowns derailed its turnaround progress, sources reveal.
IndiGo Profit Drops 78% in Dec Quarter
IndiGo's net profit fell sharply to Rs 549 crore in Q3 FY25 due to flight disruptions, labour code provisions, and rupee devaluation, despite a 6.7% rise in total income.
Schneider Electric Rs 623 Cr Investment in Hyderabad Plants
Schneider Electric India announces Rs 623 crore investment to expand Hyderabad manufacturing facilities, focusing on electrical safety products and supporting Telangana's Net-Zero 2047 target.
Pinegrove's $2.2B Fund Targets Venture Secondary Market
San Francisco's Pinegrove Opportunity Partners closes $2.2 billion debut fund, backed by Brookfield and Sequoia Heritage, focusing on secondary stakes in mature tech startups like Stripe and Databricks.
Ex-Goldman Banker Seeks Pardon Before Prison
Tim Leissner, former Goldman Sachs banker convicted in $4.5 billion 1MDB fraud, seeks presidential pardon before surrendering to federal prison in February.
General Atlantic Invests in Balaji Wafers
US private equity firm General Atlantic is acquiring a 7% stake in Rajkot-based Balaji Wafers for over Rs 2,000 crore, valuing the snack food brand at approximately Rs 35,000 crore.
Tiger Global, Microsoft Exit PhonePe Before IPO
Tiger Global and Microsoft will fully exit PhonePe as the Walmart-owned fintech prepares for a Rs 12,000 crore IPO. Walmart will reduce its stake by 10% in the offer for sale.
Guntur Bank Fraud: ₹30 Crore Scam, 5 Arrested
Police in Vijayawada have registered two criminal cases and arrested five key accused in a massive financial fraud exceeding ₹30 crore at the Nallapadu branch of Guntur District Central Cooperative Bank. The scam involved bank officials, committee members
FIEO Seeks Budget Fix for Inverted Duty Structure
The Federation of Indian Export Organizations calls for correcting inverted customs duties in the upcoming Union Budget to enhance cost competitiveness and support domestic manufacturing across key sectors.
Canadian Dollar Hits Two-Week High on U.S. Policy Uncertainty
The Canadian dollar surged to a two-week high against the U.S. dollar as investors assess ongoing U.S. policy uncertainty and anticipate fiscal support for Canada's economy in 2026.
Gold Tops $4,900/oz; Silver & Platinum Rally to Records
Gold prices surged past $4,900 per ounce for the first time, driven by geopolitical tensions, a weaker US dollar, and Fed rate cut expectations. Silver and platinum also reached unprecedented highs in a broad precious metals rally.
Goa Bank Managers Save ₹1 Crore from Cyber Fraud
Alert bank managers in Goa prevented customers from transferring over ₹1 crore to cyber fraudsters by recognizing distress signals during digital arrest and investment scams.
PMO Urges Indian Missions: 'Every Country Matters' for Trade
Indian commercial missions receive clear directive from PMO and commerce department to prioritize trade diversification across all nations, with monthly reviews and focus on e-commerce, sustainability, and Brand India initiatives.
AP Govt to Revise Urban Land Values from Feb 1
The Andhra Pradesh government has proposed revising land market values in urban areas effective February 1, aiming to align official rates with actual transaction prices amid financial concerns.
Naidu: Andhra Secured ₹2.5L Cr Investments at Davos WEF
Chief Minister N Chandrababu Naidu revealed that Andhra Pradesh attracted investments worth ₹2.5 lakh crore during his World Economic Forum visit in Davos, where he promoted the state's green energy, AI, and tourism sectors globally.
Punjab Industries Seek Road Upgrades, Policy Reforms
CICU delegation meets Punjab minister Hardeep Singh Mundian, highlighting deteriorating road infrastructure and policy hurdles affecting industrial competitiveness and public safety across key industrial zones.
Bihar Tourism Secretary Calls for Investment in Tourism Infrastructure
Bihar Tourism Secretary Nilesh Ramchandra Deore urged investors to build star-rated hotels, modern amenities, and amusement parks across the state, highlighting up to 30% financial assistance under the Bihar Tourism Policy.
Bengaluru's Amrit Bharat Express to Alipurduar Starts Saturday
The second Amrit Bharat Express from SMVT Bengaluru to Alipurduar Junction in West Bengal begins commercial service this Saturday, following Prime Minister Modi's flag-off last week.
Odisha CM to Inaugurate Rs 30,000 Cr Industrial Projects
Odisha Chief Minister Mohan Charan Majhi will inaugurate and lay foundation stones for 20 industrial projects worth Rs 30,000 crore in Sambalpur and Sundargarh districts on January 27-28, generating 10,000 jobs.
Trump Sues JPMorgan Chase for $5B Over Political Bias Claims
Former US President Donald Trump has filed a $5 billion lawsuit against JPMorgan Chase and CEO Jamie Dimon, alleging political discrimination in banking services. The case centers on Florida laws protecting against debanking based on political beliefs.
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