Tirupur Hosiery Sector Agrees to 33% Wage Hike for Workers
Tirupur's hosiery industry concludes a four-year wage agreement, granting workers a 33% salary increase, monthly allowances, and enhanced benefits effective from 2026.
Category : Business
MRPL Dispatches 1,000th Petcoke Rake to JSW Cement
Mangalore Refinery and Petrochemicals Limited (MRPL) has successfully loaded and dispatched its 1,000th petcoke rake from its railway siding, marking a significant operational achievement. The milestone was celebrated with key officials from MRPL, Konkan
US Tariffs Impact Maharashtra Seafood Industry, Relief Plans Unveiled
Maharashtra Fisheries Minister Nitesh Rane reveals US tariff increases have severely affected seafood exports, particularly shrimp. State government announces CM's Fisheries Scheme and GST reductions to support domestic market.
KKR Invests $310M in India's PMI Electro Mobility and Allfleet
Private equity giant KKR commits up to $310 million in PMI Electro Mobility and its electric bus operating platform Allfleet, marking its first climate transition investment in India to boost decarbonisation efforts.
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Monthly vs Quarterly Interest Credit: Key Differences
Explore the crucial differences between monthly and quarterly interest credit for savings accounts. Learn how payout frequency impacts compounding, liquidity, and financial planning strategies for savers.
Gold Anchors Indian Portfolios in Market Stress: WGC Report
The World Gold Council highlights gold's role in stabilizing Indian investment portfolios during periods of geopolitical tensions, currency volatility, and market uncertainty, recommending strategic allocations.
Cabinet Clears Rs 33,660 Crore BHAVYA Scheme for Industrial Parks
The government approved the Bharat Audyogik Vikas Yojna (BHAVYA) to develop 100 plug-and-play industrial parks, aiming to boost manufacturing and create 15 lakh jobs over six years.
Income Tax Dept Serves Rs 204 Cr Notice to TMB
The Income Tax Department has raised a demand notice for Rs 204 crore on Tamilnad Mercantile Bank for the assessment year 2013-14. The bank plans to appeal the decision.
Tirupur Hosiery Industry Announces 7% Price Hike Nationwide
The South India Hosiery Manufacturers Association announces a 7% price increase for branded innerwear, nightwear, t-shirts, and kidswear across India due to rising production costs and supply chain pressures.
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NHAI Tender for Trichy-Karur-Coimbatore Highway & Bypass DPR
NHAI has issued a fresh tender to prepare a detailed project report for a 230km four-lane greenfield highway connecting Trichy, Karur, and Coimbatore, along with a new northern bypass to ease congestion and improve road safety.
Gulshan Group to Build Tallest Taj Hotel in Noida
Gulshan Group announces a Rs 1,000 crore investment to construct a 57-storey Taj Hotel in Noida, featuring 150 hotel rooms and 74 branded serviced apartments.
Luxury Real Estate Growth Fueled by 2025 IPO Wealth in India
India's luxury real estate sector is poised for sustained growth in 2026, driven by unprecedented wealth creation from a record 2025 IPO wave, though geopolitical tensions may slow near-term buying decisions, experts report.
Gujarat Industries Seek Help Over Gas Supply Cuts
The Gujarat Dyestuffs Manufacturers' Association has urgently written to Union Minister Hardeep Singh Puri, highlighting a drastic reduction in gas supply to MSME units in Ahmedabad, affecting production and increasing operational costs.
Five Illegal Colonies Razed in Haryana's Yamunanagar
In a major crackdown, the Town and Country Planning Department demolished five illegal colonies on 8.5 acres in Yamunanagar, Haryana, following non-compliance with Urban Area Act-1975 regulations.
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SC: Banks Must Follow Customer Instructions, Holds Canara Bank Liable
The Supreme Court has held that banks cannot unilaterally divert funds contrary to customer instructions, upholding Canara Bank's liability for erroneously transferring USD 100,000.
KKR Invests $310M in India's PMI Electro Mobility & Allfleet
Private equity giant KKR announces a $310 million investment in PMI Electro Mobility and its e-bus platform Allfleet, marking its first climate transition investment in India to support transport electrification.
US Wholesale Inflation Jumps in February, Adding to Economic Worries
US wholesale prices rose more than expected in February, with the producer price index increasing 0.7% monthly and 3.4% annually. The data, released before the Iran conflict escalated energy prices, signals persistent inflationary pressures that could com
India's 1.7M Tonnes Oil, LNG, LPG Stuck in Strait of Hormuz
India faces a severe energy crisis as over 1.7 million tonnes of crude oil, LNG, and LPG are stranded on 22 ships in the Strait of Hormuz due to US-Israel-Iran conflict, disrupting key imports.
US Stocks Fall on Oil Surge, Inflation Worries Before Fed
US equities declined early Wednesday amid a sharp rise in crude oil prices, reigniting inflation concerns and dampening sentiment before the Federal Reserve's policy announcement. The S&P 500, Dow Jones, and Nasdaq all slipped as energy volatility and geo
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Mahindra BE 6 Batman Edition Buyback After Customer Backlash
Mahindra announces a 30-day buyback option for early buyers of the BE 6 Batman Edition following customer dissatisfaction over the reintroduction of the limited-run model. The offer applies only to initial batch purchasers.
Tim Cook Defends US Government Ties, Focuses on Policy
Apple CEO Tim Cook addresses criticism over his proximity to the Trump administration, emphasizing his focus on policy rather than politics. He discusses iPhone manufacturing in the US and tariff exemptions.
Silver Plunges Rs 6000, Gold Drops Rs 1000 on Profit Booking
In a significant market correction, silver prices have plummeted by Rs 6000 per kg, while gold has declined by Rs 1000 per 10 grams due to profit booking by investors.
APSEZ Colombo Terminal Handles 1M Containers in First Year
Adani Ports' Colombo West International Terminal achieved one million TEUs in its inaugural year, marking a rapid ramp-up in Sri Lanka's port infrastructure with an $800 million investment.
BSE Launches Long-Short and Inverse Indices for Hedged Strategies
BSE Index Services has launched BSE Long-Short Indices and BSE Inverse Indices to reflect hedged market strategies, offering investors tools for risk management and diversified benchmarks.
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Weaver Raises Rs 1,450 Cr, Buys Morgan Stanley's CHFL Stake
Weaver Services Private Limited has successfully concluded a two-tranche capital raise totaling Rs 1,450 crore and signed definitive agreements to acquire Morgan Stanley's remaining 24.99% stake in CHFL.
Sensex, Nifty Gain 0.83% in Third Straight Recovery Session
Benchmark indices Sensex and Nifty closed nearly 1% higher, extending gains for a third session. The rally was driven by easing crude oil prices, supportive global markets, and broad-based buying in IT and realty sectors.
Centre Approves Rs 17,185.6 Crore for CCI Cotton Procurement
The Indian government has sanctioned Rs 17,185.6 crore to the Cotton Corporation of India for procurement operations, ensuring price stability and farmer support.
Optimo Capital Gets Rs 100 Cr from PNB, Godrej Finance Tie-up
Technology-driven NBFC Optimo Capital secures Rs 100 crore funding from Punjab National Bank and signs co-lending partnership with Godrej Finance to disburse Rs 200 crore over the next year, focusing on MSME loan-against-property financing.
Amazon India Ready-to-Eat Sales Jump 15% on LPG Shortage
Amazon India reports over 15% growth in instant noodles, packaged meals, snacks, and beverages as LPG shortage drives demand for convenient food options across metros and smaller cities.
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Dosti Realty Launches 56-Storey 'Dosti 604' in Thane
Dosti Realty has launched Dosti 604, a 56-storey residential tower in Wagle Estate, Thane, featuring modern amenities and sustainability features, designed by Hafeez Contractor.
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