Ikea Plans Rs 10,500 Crore Investment in India, 20-30 New Stores
Ikea announces a Rs 10,500 crore investment plan for India over five years, aiming to add 20-30 stores by 2030 and achieve profitability by 2028 while expanding sourcing.
Category : Business
AssetPlus Raises ₹17.5 Crore in Funding Round
Wealth-tech startup AssetPlus has raised ₹17.5 crore in a funding round led by existing investors. The funds will fuel platform expansion and product development.
Indian Firms Rethink Risk as Sanctions Threat Grows
Global supply chain disruptions and volatile geopolitics are pushing Indian corporations to elevate sanctions risk from compliance footnote to core governance priority, with legal experts warning of severe financial and reputational consequences.
IPO Fund Monitoring Tightens: Rating Agencies to Report to Exchanges
SEBI plans stricter IPO fund tracking by allowing rating agencies to directly update stock exchanges on compliance with end-use norms, enhancing transparency and preventing fund diversion.
RBI Expands Credit for Cooperatives, Tightens Bank Rules
The Reserve Bank of India has revised priority sector lending norms to include loans to the National Cooperative Development Corporation, aiming to boost credit flow to cooperative societies while strengthening compliance requirements for banks.
LTIMindtree Q4 Revenue Up 6.1% to $1.2 Billion
LTIMindtree reports a 6.1% rise in Q4 revenue to $1.2 billion, exceeding market forecasts. The IT firm shows strong growth amid global challenges.
Tech Firms Offer Freshers Up to Rs 55 Lakh in Niche Roles
Indian tech companies are moving from mass hiring to skills-focused recruitment, offering freshers specialized roles with packages ranging from Rs 16 lakh to Rs 55 lakh in AI, cybersecurity, and cloud domains.
India's $1 Billion Footwear Manufacturing Boost Package
The Indian government is finalizing a comprehensive $1 billion package to strengthen footwear manufacturing, addressing challenges from US tariffs and global competition.
Fossil Fuel Share in Power to Drop Below 70%: Crisil
Crisil reports fossil fuels' share in India's power generation will fall below 70% next fiscal due to slower demand growth and renewable energy surge, impacting thermal plant operations.
Bengaluru Woman Files Police Complaint Over Bank Data Leak
A woman in Bengaluru has approached police after bank staff allegedly leaked her account details to her estranged husband. An FIR accuses three employees of illegally accessing and sharing her bank statements.
Khazanah Invests in Power Grid and Chips for AI Growth
Malaysia's sovereign wealth fund Khazanah Nasional plans major investments in energy infrastructure and semiconductor firms to capitalize on the AI boom, focusing on grid resilience and advanced packaging.
Goa Bridge Safety Audit Calls for Immediate Fixes
An independent safety audit of Goa's Gaundalim bridge reveals structural vulnerabilities and recommends immediate corrective measures to ensure public safety.
Crypto Update: Pepe, Etherna Pepe, Zero-Knowledge Proofs
Recent developments in the crypto market highlight activity around Pepe, Etherna Pepe, and zero-knowledge proofs, shaping investor interest and technological trends.
Crypto Market Update: Bitcoin, Ethereum, ZKP in Focus
Bitcoin and Ethereum show resilience as ZKP projects gain traction. Recent price movements and project updates shape the crypto landscape, with investors watching key trends.
Jeypore Bypass Road Project Delayed Over Land Issues
The NH-26 bypass road project in Jeypore faces fresh delays as landowners refuse compensation. Authorities plan to deposit Rs 10 crore in court to acquire remaining land and resume construction.
Odisha's 3-Day Matsya Pranee Samavesh Starts Jan 21
Odisha government organizes Matsya Pranee Samavesh from January 21 to 23 at Janata Maidan in Bhubaneswar. The event promotes innovation in fisheries and livestock sectors with CM inauguration and governor attendance.
Gaya Industry Demands Underground Cabling, Fights Tariff Hike
Industry and trade associations in Gaya urged Bihar's electricity regulator to install underground cables and relocate poles, citing traffic and safety issues. They also opposed proposed tariff increases.
Silver Surges 30% in Ahmedabad, Hits Record Rs 3 Lakh/kg
Silver prices in Ahmedabad skyrocketed nearly 30% in January, crossing Rs 3 lakh per kg for the first time. Strong industrial demand and investor interest drove the rally, with imports to Gujarat jumping 37%.
Axiscades Secures Rs 100 Crore Defence Order for Ashwini Radar
Bengaluru's Axiscades Technologies bags Rs 100 crore defence electronics contract. Subsidiary Mistral Solutions to supply critical processing units for DRDO's Ashwini radar over two years.
Assam Transport Workers Seek Manual Fitness Centers Over ATS Issues
Transport operators in Assam urge temporary restoration of manual vehicle fitness testing centers, citing severe logistical and safety challenges with automated stations.
Guwahati's Panbazar Quiet After Office Relocations
Panbazar in Guwahati, once a bustling hub near government offices, now stands nearly deserted. The relocation of key offices for the Brahmaputra riverfront project has drastically reduced footfall, leaving only one pan shop struggling to survive.
UP Showcases Investment Transformation at Davos WEF Summit
Uttar Pradesh's high-level delegation led by Finance Minister Suresh Kumar Khanna presents the state's remarkable economic turnaround at World Economic Forum in Davos.
Jharkhand's Strategic Start at Davos World Economic Forum
Jharkhand's delegation, led by Chief Minister Hemant Soren, engaged in high-level talks at the World Economic Forum in Davos, focusing on global partnerships and investment opportunities.
SEBI Proposes New Rules for Major Market Indices
SEBI floats proposal to regulate 'Significant Indices' used by mutual funds with over ₹20,000 crore AUM. Public comments invited till January 30.
Maharashtra Converts 55% MoUs to Projects, 75% Davos Deals Done
Maharashtra Deputy CM Devendra Fadnavis announced at the World Economic Forum that over 55% of MoUs have turned into projects, with 75% of Davos deals fructifying, showcasing strong investment execution.
MP Govt Talks Yen Loans, Solar Power with Japan Bank at Davos
Madhya Pradesh government held discussions with Japan Bank for International Cooperation at Davos, focusing on yen-denominated borrowings and solar energy projects to boost state development.
Chennai Forum Orders Rs 11.29 Crore Insurance Payout
A Chennai consumer commission has directed Liberty General Insurance to pay Rs 11.29 crore plus interest for a 2019 factory fire claim, reinforcing commercial insurance coverage under consumer law.
Advanta Enterprises Files for IPO via Offer-for-Sale
Mumbai-based Advanta Enterprises has submitted draft papers to Sebi for an IPO. The agro-solutions firm plans to raise capital through a complete offer-for-sale of equity shares.
Silver Tops Rs 3 Lakh/kg, Gold at Record High on Safe-Haven Demand
Silver prices surged past Rs 3 lakh per kg for the first time ever on Monday, while gold also hit a fresh lifetime high. Analysts attribute the rally to heightened geopolitical tensions and tariff-related uncertainty.
Apollo Micro Systems Announces ₹300 Crore Defence Capex in Hyderabad
Apollo Micro Systems reveals a ₹300 crore capital expenditure plan for a new defence facility in Hyderabad, focusing on weapon system manufacturing and testing.
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