GBA Gets 6 Premium FAR Apps, Expects Rs 200 Cr

The Greater Bengaluru Authority has received six applications under its premium Floor Area Ratio scheme, anticipating revenue of Rs 200 crore from real estate projects exceeding 5,000 sqft in Bengaluru and surrounding planning areas.

Microsoft Stock Plunges 12%, Loses $424B

Microsoft shares experienced their worst intraday decline since March 2020, wiping out $424 billion in market value. The drop follows concerns over AI investments and cloud growth slowdown.

First Brands Founders Indicted for Billion-Dollar Fraud

Patrick and Edward James, founders of bankrupt auto-parts maker First Brands Group, face federal charges for defrauding lenders through fake invoices and falsified financial statements, causing billions in losses.

AP, FICCI-FLO Sign MoU for Women Entrepreneurs' Park

Andhra Pradesh government signs MoU with FICCI-FLO to establish a 30-acre industrial park exclusively for women entrepreneurs in Amaravati, promoting women-led entrepreneurship and economic growth.

Kolkata Airport Duty-Free Stores Struggle with Rent, Flight Issues

Duty-free stores at Kolkata airport face challenges like high rents and reduced international flights as they go up for bidding. Flemingo Duty Free seeks lower rents to offer competitive prices amid declining sales, especially from Bangladesh flyers.

Adani's 2400MW Thermal Plant Gets Public Backing in Bhagalpur

The proposed 2400MW ultra super critical thermal power plant by Adani Group in Pirpainti block received unanimous public support during an environmental hearing. Local representatives and villagers welcomed the project for its potential to create employme

Income Tax Raids on Rice Traders in Gaya, Aurangabad

Income-tax department conducted search operations at residential and business premises of rice traders in Gaya and Aurangabad, investigating alleged financial irregularities and disproportionate assets.

Icertis Co-Founder Samir Bodas Dies After Cancer Battle

Samir Bodas, the visionary co-founder of contract management software leader Icertis, has passed away after a prolonged and brave fight against cancer, as confirmed by the company in an official statement.

CAG: Excessive Regulations Impede MSME Growth, Need Reforms

Comptroller and Auditor General K Sanjay Murthy expressed concerns about excessive regulatory burdens hindering MSME competitiveness and industrial growth, proposing simplification, digitalisation, decriminalisation, and elimination of redundant laws.

UK Envoy Pitches Mangaluru as Trade & Education Hub Under CETA

British Deputy High Commissioner Chandru Iyer highlights Mangaluru's potential as a trade and education hub under the UK-India CETA, with focus on coastal brands, academic partnerships, and six key cooperation areas including AI and biotechnology.

Coal Key to India's Energy Future as Demand Triples

Union Coal Secretary Vikram Dev Dutt states coal will remain vital for India's energy security as per capita consumption targets triple growth over 20 years, with Economic Survey 2025-26 data supporting its 55% energy mix contribution.

Page 125 of 816