RBI Transfers Record Rs 2.86 Lakh Crore to Govt for FY26
The RBI approved a record surplus transfer of Rs 2.86 lakh crore to the central government for FY26, boosting fiscal revenues and supporting economic growth.
Category : Business
MRPL Approved for ATF Pipeline to Bengaluru Airport
MRPL receives regulatory approval to build a 2.5 MMTPA ATF pipeline from Devangonthi to Kempegowda International Airport, Bengaluru, enhancing aviation fuel supply.
Fed's Waller Joins Call for Neutral Policy Stance on Inflation
Federal Reserve Governor Chris Waller supports removing 'easing bias' from policy language, signaling rate cuts are not imminent amid persistent inflation. He joins a growing group of policymakers advocating a neutral stance.
Powerloom owners allege wage cuts despite revision
Powerloom owners in Coimbatore and Tirupur districts allege wage cuts for two months despite a recently signed wage revision, causing heavy losses. They demand legal enforcement of the new rates.
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Duty Hike Cuts Gold Jewellery Volume to Decade Low
A recent duty hike has pushed gold jewellery retail volumes to a decade low, though robust revenue growth of 20-25% is expected due to higher realisations.
India Blocks China's WTO Panel Request in Solar Dispute
India has blocked China's request for a WTO dispute panel over solar and IT measures, alleging discrimination. China may renew the request for automatic panel formation.
India Emerges as Alternative Investment Destination to China
India is positioning itself as a viable alternative investment destination to China amid global uncertainty, according to IIFT VC. Factors like policy reforms and skilled workforce drive this shift.
Saudi Withholds Payments to Western Consulting Giants
Despite record oil profits during the Iran war, Saudi Arabia freezes contracts with McKinsey and BCG, reassessing spending on Vision 2030 projects amid rising military costs.
Surgeon guilty of removing wrong kidney, ₹2 crore compensation
The NCDRC held a surgeon guilty of gross medical negligence for removing a patient's healthy left kidney instead of her diseased right kidney, leading to her death. The family was awarded ₹2 crore compensation.
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Aasu Protests in Dibrugarh Against Rising Prices
Members of Aasu staged a protest in Dibrugarh against rising prices of essential commodities, demanding government intervention. Similar protests were held across Assam.
Ashish Nehra's Luxurious Goa Villa: A Multi-Crore Retreat
Former Indian cricketer Ashish Nehra owns a luxurious multi-crore villa in Cavelossim, South Goa, designed for peaceful family living away from the cricketing world.
Why Karnal Is Emerging as a Premier Real Estate Destination
Karnal is emerging as a top real estate destination in North India, driven by strategic connectivity, robust infrastructure, and premium living options. Discover why this tier-2 city is attracting buyers and investors.
UPI to Go Live in Cyprus Next Year, MEA Confirms
India's UPI payment system will be operational in Cyprus from next year, as confirmed by the Ministry of External Affairs, boosting digital payments and bilateral ties.
Thomas Crick Launches British-Inspired Footwear for Indian Men
Thomas Crick unveils a refined collection of contemporary British-inspired footwear tailored for the modern Indian gentleman, blending classic elegance with local sensibilities.
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Bharat 6G Vision Boosts India's Global Connectivity
India's Bharat 6G Vision propels the nation to the forefront of global connectivity, aiming for leadership in next-generation telecom technology and digital inclusion.
SpaceX IPO May Challenge Tesla, Investors Warn of Musk Focus Shift
SpaceX's potential IPO raises concerns among Tesla investors about Elon Musk's divided attention and a possible shift in capital toward his new venture, challenging Tesla's valuation.
India's Forex Reserves Drop $8bn to $688.9bn
India's foreign exchange reserves declined by $8 billion to $688.894 billion for the week ended March 21, marking the first drop after multiple weeks of increase.
Gold Falls to Rs 1.64 Lakh on Iran Talks Optimism
Gold prices in India fell by Rs 600 to Rs 1,64,900 per 10 grams, snapping a three-day rally, as progress in Iran talks tempered safe-haven demand.
Bernstein: Adani Group Stronger After Short Seller Attack
A Bernstein report states the Adani Group has emerged stronger following the short seller episode and US developments, citing improved governance and financial stability.
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Aman Tea Group Marks International Tea Day Across 50+ Locations
Aman Tea Group celebrated International Tea Day across over 50 locations, highlighting its dedication to sustainability and supporting tea-growing communities.
NHAI MoU with Norway to Boost Tunnel Engineering and Safety
NHAI has partnered with the Norwegian Institute of Tunnel Engineering to enhance highway safety and tunnel construction practices in India through technical collaboration.
ITAT Ruling: No Capital Gains Tax on Late ITR If Funds Used
The Mumbai ITAT ruled that a taxpayer need not pay capital gains tax on property sale even if ITR was filed late, provided the gains were already reinvested in a new home before filing.
FM Sitharaman Unveils Budget 2025 Focus Areas
Finance Minister Nirmala Sitharaman outlined Budget 2025's six key focus areas to sustain economic growth amid global challenges, including manufacturing, MSMEs, and infrastructure.
RBI Announces Record Rs 2.87 Lakh Crore Dividend to Government
The RBI declared a record dividend of Rs 2.87 lakh crore for FY26, surpassing last year's Rs 2.69 lakh crore. The central bank's net income rose to Rs 3,95,972.10 crore, providing fiscal relief amid global challenges.
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RBI to Pay Record Rs 2.87 Lakh Crore Dividend to Govt
The Reserve Bank of India will pay a record dividend of Rs 2.87 lakh crore to the central government for the fiscal year 2025-26, boosting government revenue and aiding fiscal consolidation.
Rupee Rises 63 Paise to 95.73 Against US Dollar
The Indian rupee strengthened by 63 paise to close at 95.73 against the US dollar on Tuesday, driven by weak American currency and positive domestic equities.
Imaginxt 2026: Maharashtra Tourism Unites India's Tech and Innovation Ecosystem
Maharashtra Tourism hosts Imaginxt 2026, bringing together India's technology and innovation ecosystem to foster collaboration and showcase advancements.
Tata Projects Gets Rs 1,100 Cr Godrej Deal in Gurgaon
Tata Projects has won its first construction contract from Godrej Properties, worth Rs 1,100 crore, for a residential project in Gurgaon, marking a major partnership.
Stock Markets Rebound Led by Banks, Global Trends
Indian stock markets rebounded on Tuesday, driven by banking stocks and positive global cues. The BSE Sensex rose 645 points, and the NSE Nifty gained 183 points.
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Bill Ackman Sold Google Stake to Buy Microsoft Shares
Billionaire investor Bill Ackman clarifies his fund's sale of Alphabet shares was to raise cash for a new Microsoft position, citing compelling valuation and long-term bullishness on both companies.
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