ED Arrests Astrologer Ashok Kharat in Rs 70 Crore Case
The Enforcement Directorate arrested Nashik-based astrologer Ashok Kharat for money laundering, allegedly exploiting devotees' faith to siphon over Rs 70 crore through 60 bank accounts.
Category : Business
Fuel Price Hike Sparks Panic Buying, Pumps Run Dry
Panic buying after fuel price hike led to dry pumps in Sangli and Kolhapur. Officials say no shortage, but long queues persist as petrol hits Rs 108.53/L.
Rupee Under Pressure as Oil Surge, FII Outflows Hit
The Indian rupee is under pressure due to rising oil prices and foreign investor outflows, with analysts predicting further weakness amid global uncertainties.
Groww Promoters Sell 0.23% Stake Worth Rs 250-260 Crore
Groww promoters sold 0.23% stake for Rs 250-260 crore, marking a major liquidity event post-IPO. Shares closed at Rs 186.4 on May 19, valuing the firm at Rs 1.16 lakh crore.
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Unacademy Co-founder Sumit Jain Steps Down Before Merger
Unacademy co-founder Sumit Jain exits operational role amid restructuring and proposed merger with upGrad. He built Graphy and made offline business profitable.
Tasmac Employees Demand Jobs, Protest Over Extra Charge Case
CITU Tasmac Employees Union seeks alternative jobs for staff affected by shop closures and action against private bars near public institutions. In Mayiladuthurai, employees shut 43 shops after police registered a case for allegedly collecting extra Rs 10
TCS Links Performance Pay to Office Attendance Compliance
TCS links variable pay to work-from-office compliance: employees with 85%+ attendance get full payout, while those below 25% get zero. Deployment index further reduces pay.
Over 8,800 Corporate Insolvency Cases Under IBC Till Dec 2025
Over 8,800 corporate insolvency cases were admitted under IBC till Dec 2025, with creditors recovering over Rs 4.11 lakh crore via resolution plans, said Financial Services Secretary.
TCS Appraisal Letters Trigger CTC and Gratuity Debate
TCS employees question CTC reductions and gratuity exclusion in appraisal letters. Company clarifies no pay cut, cites new labour codes and increased gratuity accruals.
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Fuel price hike in Mumbai pushes up food costs, budgets
With petrol at Rs 107.59/litre and diesel at Rs 94.08, Mumbai sees a Rs 4/litre cumulative hike in four days, impacting transport and essential goods prices.
Unified RERA Portal: Single Platform for Homebuyers
The Unified RERA Portal centralizes real estate info from all states, enabling buyers to verify projects, track complaints, and check compliance easily, enhancing transparency and reducing fraud.
Trump's $428M Defence Deal: India Gets Apaches, Pakistan Praise
Despite Trump praising Pakistan, a $428 million US defence package for Apache and M777 sustainment proves America's strategic tilt toward India over Pakistan.
Rupee hits record low of 96.70 vs US dollar, extends losing streak
The Indian rupee hit a record low of 96.70 against the US dollar on Tuesday, extending its losing streak for an eighth consecutive session amid rising crude oil prices, foreign fund outflows, and global risk aversion.
India's Inflation Puzzle: Fuel Price Impact
India faces a complex inflation scenario with fuel prices playing a key role. This article analyzes the dynamics and potential outcomes for the economy.
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Sonu Nigam Sells Five Land Parcels in Karjat for Rs 95 Lakh
Playback singer Sonu Nigam has sold five adjoining land parcels in Karjat for Rs 95 lakh, registered on May 12, 2026. This follows an April sale of multiple plots for Rs 1.95 crore.
Advent Invests $150M in Iscon Balaji Foods
Private equity firm Advent acquires a minority stake in Iscon Balaji Foods as part of a $215 million fundraise, boosting India's frozen food sector.
India Faces Live Balance of Payments Stress Test
India's economy is under severe pressure from elevated commodity prices, FPI outflows, and a depreciating rupee, leading to a 'live balance of payments stress test' as warned by the CEA.
RBI Proposes Revised Basel III Disclosures for Banks
The RBI has proposed a revised disclosure framework under Basel III norms, requiring banks to publish detailed quarterly information on capital adequacy, leverage, liquidity, and risk exposure to enhance transparency and market discipline.
India Dark Store Density 50 Sq Ft/1K, Bengaluru 150
India's dark store density stands at 50 sq ft per 1,000 people, with Bengaluru leading at 150 sq ft, indicating rapid growth in quick-commerce infrastructure.
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US Stocks Extend Losses; Tech Shares Slip, Bond Yields Rise
US stock markets fell further on Tuesday as technology stocks lost momentum and investors worried about rising bond yields, oil volatility, and geopolitical uncertainty. The S&P 500 declined 0.5%.
Prann Sharma Takes Charge as BRICS CCI Director General
Prann Sharma has been appointed Director General of the BRICS Chamber of Commerce and Industry, aiming to boost trade and economic cooperation among member nations.
Ford Models Enters India After 80 Global Years
Ford Models, a legendary name in fashion for 80 years, launches in India. The agency aims to discover and nurture local talent while bringing global standards to the Indian modeling industry.
Rs 6.5 Crore Bengaluru Flat Sparks Online Debate
A Reddit post about a Rs 6.5 crore flat in Bengaluru has ignited a fierce online debate on skyrocketing real estate prices and affordability in the city.
How India Keeps Oil Flowing Despite Hormuz Closure
India has managed oil supplies amid the Strait of Hormuz closure by diversifying imports, relying on Russian crude, and using alternative routes, despite a global supply crunch.
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Rupee Hits Record Low of 96.52 per USD
The Indian rupee fell to an all-time low of 96.52 against the US dollar in intraday trade, settling at 96.52, amid strong demand for the greenback and rising crude oil prices.
Chennai to Host South India's Largest Industrial Sourcing Platform
Chennai is set to host South India's biggest industrial sourcing platform, highlighting Tamil Nadu's leadership in India's manufacturing boom. The event will showcase innovations and attract global investors.
India FY27 Growth Seen at 6-7%, CAD at 2.1% of GDP: Economists
Economists project India's FY27 GDP growth at 6-7% amid widening West Asia crisis, with current account deficit expected to reach 2.1% of GDP, impacting trade and investment.
RBI Board to Meet May 22 for Record Surplus Transfer
The RBI board will meet on May 22 to consider a record surplus transfer to the government for FY27, estimated between Rs 2.7-3 lakh crore, providing fiscal support amid economic challenges.
Stock Markets End Lower on Fag End Selling in Blue Chips
Indian stock markets ended lower on Monday due to fag-end selling in blue-chip stocks, with the BSE Sensex falling 150 points and the Nifty50 closing below 22,500.
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Lucknow-Kanpur Expressway Saves 2 Hours Travel Time
The newly built six-lane access-controlled Lucknow-Kanpur Expressway reduces travel time between the two cities by two hours, enhancing connectivity and economic growth.
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