Six States Raise Rs 20,100 Crore via RBI Bond Auction
Six states raised Rs 20,100 crore in RBI's state development loan auction, with yields between 7.6% and 7.9%. Maharashtra and Rajasthan led borrowing.
Six states raised Rs 20,100 crore in RBI's state development loan auction, with yields between 7.6% and 7.9%. Maharashtra and Rajasthan led borrowing.
Bharat Electronics Ltd reported a 4.6% rise in net profit for Q4, reaching Rs 1,052 crore, with revenue up 7.6% to Rs 6,842 crore, driven by strong order execution.
TCS employees raise concerns over CTC reductions and gratuity exclusion in new salary structure. Company denies pay cuts, cites labour code compliance and tax efficiency.
Puravankara Ltd reported a consolidated net profit of Rs 110 crore for the fourth quarter of FY24, marking a significant turnaround from a loss in the same period last year.
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RecommendedICRA and India Ratings have revised India's GDP growth estimates downward due to West Asia tensions, high crude prices, and potential El Nino impact, with FY27 growth seen at 6.7%.
PepsiCo will invest Rs 5,700 crore in India by 2030, driven by strong double-digit growth in its snacks business. The company reported an 8% revenue rise to Rs 9,798 crore, with profits up 4.5%.
Corporate insolvency resolutions dropped to a 13-quarter low of 36 cases in Jan-Mar 2026, down from 70 a year ago, due to NCLT vacancies and lack of full-time president.
RBI's new disclosure norms will unlist banks at par with listed peers, standardise reporting, and align with Basel standards. Comments invited by June 2, 2026.
Union Minister Nitin Gadkari inspected the 6-lane DND-Faridabad-Sohna highway project, aimed at decongesting Delhi-NCR. The project includes a 4.6 km elevated corridor and a 5.2 km tunnel, with completion expected by 2025.
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RecommendedShyam Metalics is waiting for Bengal's new land, industry, and incentive policies to deploy Rs 10,000 crore in new ventures. The company has already committed Rs 10,000 crore in ongoing projects.
Oil marketing companies hiked petrol and diesel prices by nearly 90 paise per litre, the second revision in less than a week, as global crude oil rates surge.
Technicians at AIESL MRO depots in Nagpur and five other cities have stopped work, grounding at least seven aircraft. The protest stems from alleged failure to relieve 180 resigned technicians.
The Punjab government has raised a fresh loan of Rs 2500 crore, drawing sharp criticism from the opposition over increasing debt burden.
The EPFO is intensifying efforts to cut litigation by using WhatsApp to enhance outreach, aiming for faster grievance redressal and improved compliance.
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RecommendedCyberabad EOW registered a case against Saket Engineers for allegedly mortgaging occupied villas and flats as unsold inventory to secure a Rs 30 crore loan, cheating customers.
Star Health Insurance reported a Rs 55 crore loss in Q4FY26 due to mark-to-market losses of Rs 558 crore. It launches affordable 'Value Plus' plan for non-metro cities, targeting 18% premium growth in FY27.
The Indian textile industry is alarmed by a sharp rise in cotton prices over two months, tightening domestic supply, and rising raw material and logistics costs, threatening competitiveness.
Ahmedabad Municipal Corporation orders FIRs against four construction firms for alleged irregularities in drainage and stormwater projects worth crores, including duplicate measurements and altered records.
Hatsun Agro Product reported a 28% rise in PAT at Rs 356 crore for FY26, driven by 16% EBITDA growth. Revenue grew 14% to Rs 9,959 crore. The board declared an interim dividend of Rs 10 per share.
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RecommendedAhmedabad Municipal Corporation's vigilance probe found duplicate measurements and record tampering in drainage projects worth crores, leading to FIRs against four firms and a freeze on new tenders.
The Indian government has tightened gold import norms by capping the advance authorisation scheme at 100 kg per entity to curb misuse and promote domestic industry.
The Indian rupee fell to an all-time low of 96.7 against the US dollar, driven by global economic concerns and rising crude oil prices.
Surat police arrested four bank officers and a SIM card distributor for opening fake accounts to divert Rs 5.75 crore from a land deal, cheating the buyer.
The Economic Offences Wing of Pune Police is investigating 13 individuals, including two bank gold evaluators, for allegedly defrauding a public sector bank of Rs 4.23 crore by mortgaging fake gold jewellery.
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RecommendedPunjab government raised Rs 2,500 crore through state government securities to fund capital expenditure, drawing sharp criticism from opposition parties over rising debt burden.
A massive fire erupted at a private paint factory in Sanand, Ahmedabad, on Tuesday, mobilizing over 18 fire tenders. No casualties reported yet; property damage estimated in lakhs.
Ready-mix concrete suppliers in Pune propose a rate hike, potentially increasing construction costs by Rs 250-300 per sqft, which may lead to higher property prices for new projects.
The Lucknow Development Authority will develop an ODOC Park in Gomti Nagar featuring 40+ food kiosks, and upgrade its budget hotel to Hyatt Centric, a five-star property.
Haryana's new industrial policy offers financial incentives like employment subsidies up to Rs 1.2 lakh per employee, EPF reimbursement, and relocation assistance to boost local hiring and attract investments.
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RecommendedSouthern Railway is converting decommissioned train coaches into air-conditioned dining restaurants at Mattancherry Halt and Nagercoil stations, generating non-fare revenue while offering a nostalgic dining experience.