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.

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.

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.

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.

UP STF Busts Rs 45 Crore GST Evasion Racket

Uttar Pradesh STF uncovers massive GST fraud involving over 100 shell companies, arrests kingpin in Delhi. Racket used job-seekers' documents to generate fake invoices worth Rs 248 crore.

ECR Trains Diverted for Lucknow Railway Maintenance

Over a dozen passenger trains originating from or passing through East Central Railway face diversions on January 23-24 due to non-interlocking work in Lucknow division. Alternative routes arranged.

India Unfazed by Potential US Tariff Hikes

Union Minister Kirti Vardhan Singh asserts India's robust economy can withstand potential US tariff increases, citing global recognition of its economic strength and diversified trade partnerships.

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