Bitcoin Drops Below $60,000 for First Time Since Oct 2024
Bitcoin fell about 6% to $59,770.9, its first drop below $60,000 since October 2024, before slightly recovering losses.
Category : Business
Two Brothers Die Cleaning Cooling Tower at Bengaluru Factory
Two brothers died and two others were injured while cleaning a cooling tower basin at Kumar Organics in Bengaluru's Jigani Industrial Area. Police booked officials for negligence.
Experts: Lower ethanol, flex fuel prices key to demand
Experts urge govt to reduce prices of high-ethanol blended petrol and flex fuel vehicles (FFVs) to boost consumer demand, as current 20% blending has saved 4.5 crore barrels of crude oil imports annually.
FPI Debt Inflows to India Hit $95.5 Billion Since FY99
FPI debt inflows to India reached $95.5 billion since FY99, making up 62% of total equity inflows, driven by global bond index inclusion and the FAR route, according to DSP Mutual Fund.
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Consumer Court Orders SpiceJet to Refund MP Kadadi
Belagavi consumer commission directs SpiceJet to refund Rs 10,927 with interest, plus compensation and costs, for issuing non-reimbursable coupon tickets to Rajya Sabha MP Iranna Kadadi.
Coconut Prices Crash by Half in Mysuru, Growers in Distress
Coconut prices in Mysuru and Chamarajanagar have halved from Rs 80-90 to Rs 40 per kg, causing distress among growers after a period of strong returns.
Ex-IAS Deepak Kapoor Appointed MADC Vice Chairman for 2 Years
Former IAS officer Deepak Kapoor has been appointed as vice chairman and managing director of Maharashtra Airport Development Company (MADC) for two years, replacing Swati Pandey.
Bangladesh Envoy Visits Assam Petro-Chemicals, Boosts Trade
Bangladesh's Assistant High Commissioner Zikrul Hasan Fahad visited Assam Petro-Chemicals Limited on World Environment Day, planting a tree and discussing expanded trade cooperation.
RBI Deputy Governor Swaminathan Gets Two-Year Extension
The government has extended the tenure of RBI Deputy Governor Swaminathan Janakiraman for two more years, effective from June 26, 2026. He was first appointed in June 2023.
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Aequs SEZ Belagavi Nears 100% Renewable Energy
India's first precision engineering SEZ, Aequs in Belagavi, runs on nearly 100% renewable energy, setting a benchmark for green manufacturing infrastructure and sustainability.
Reid Hoffman to Leave Microsoft Board
Reid Hoffman, LinkedIn co-founder, is stepping down from Microsoft's board. Microsoft said the decision was not due to any disagreement with executives on policy or operations.
Rupee surges 56 paise to 95.18/USD after RBI measures
The Indian rupee strengthened sharply by 56 paise to close at 95.18 against the US dollar on Friday after the RBI announced measures to attract foreign capital and boost forex liquidity.
AP to Launch Recognition and Ranking Framework for Incubators
Andhra Pradesh government announces a formal recognition mechanism and performance-based ranking for incubators to boost innovation and startup ecosystem.
True Hope Foundation Boosts Street Vendors with Digital Platform
True Hope Foundation's Street Vendor Empowerment Programme uses technology and storytelling to connect vendors with buyers, creating a double-beneficiary model that supports both vendors and community welfare.
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Punjab Tax Crackdown: 200 Vehicles Seized, Rs 7 Crore Goods
Punjab's taxation department detains over 200 vehicles and seizes goods worth Rs 7 crore in a crackdown on tax evasion in the iron and steel sector, with penalties expected to exceed Rs 3.5 crore.
Rupee Surges 56 Paise to 95.18 Against US Dollar After RBI Policy
The Indian rupee strengthened by 56 paise to close at 95.18 against the US dollar on Friday, following the Reserve Bank of India's monetary policy decision.
NTPC to set up flexible coal-fired units for grid stability
State-run NTPC plans flexible coal-fired thermal units of 150-250 MW to balance renewable energy fluctuations, ensuring grid stability as solar and wind power share increases.
Maharashtra Govt Launches Invest Maharashtra Agency
Maharashtra government has set up a new investment promotion agency, Invest Maharashtra, with a Rs 3,000 crore budget. The governing council will be headed by Chief Minister Devendra Fadnavis, aiming to boost investments and achieve a $1 trillion economy
India GDP Growth Beats Estimates at 7.8% in Q4 FY26
India's GDP grew 7.8% in Q4 FY26 and 7.7% for the full year, beating estimates. However, the US-Iran war poses risks, with RBI lowering FY27 forecast to 6.6%.
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The First Trillionaire Problem
As the world nears its first trillionaire, economists warn of extreme wealth concentration, social unrest, and the need for new policies to address inequality.
India, US Positive Talks on Bilateral Trade Agreement
India and the US held constructive discussions on a bilateral trade agreement, with both sides reaffirming commitment to finalize the pact, the government said on Friday.
Berhampur Station Rs 182.57 Cr First Phase Redevelopment
East Coast Railway floats Rs 182.57 crore tender for Berhampur station redevelopment. First phase includes new platforms, concourse, lifts, escalators, and surveillance upgrades.
India GDP Grows 7.7% in FY26, Beats Estimates
India's GDP expanded 7.7% in FY26, surpassing government projections. Strong performance in manufacturing and services drove growth, while agriculture remained resilient.
Ranchi Bus Stand Deteriorates Ahead of Monsoon Season
Passengers and bus operators in Ranchi express concern over the dilapidated government bus stand near the railway station, with risks of accidents and waterlogging as monsoon approaches.
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Uttar Pradesh Becomes India's Third Largest Economy
Uttar Pradesh has become India's third largest economy, contributing 9.1% to national GDP with a GSDP of Rs 30.25 lakh crore and per capita income of Rs 1,26,304 in FY2024-25.
Saudi Arabia Launches New Shipping Service to India's Mundra Port
Saudi Ports Authority introduces SRS service linking Jeddah Islamic Port with India's Mundra Port and Djibouti, boosting maritime trade and logistics efficiency.
Mumbai Accountant Arrested for Rs 6.49 Crore Fraud
Kalachowki police arrested accountant Shweta Salvi for misappropriating Rs 6.49 crore from Subhadra Metals after the Supreme Court denied her anticipatory bail. She allegedly diverted loans and forged signatures.
Newly Opened Bridge in Buxar Develops Major Defect in 4 Days
A newly inaugurated railway road overbridge in Buxar developed a structural defect just four days after opening, sparking safety concerns and demands for a high-level investigation.
US Stocks Fall on Strong Jobs Data, Rate Cut Hopes Fade
US stocks ended lower Friday as a stronger-than-expected jobs report reduced hopes for Fed rate cuts. Tech shares led declines, with Nvidia and Broadcom falling. Oil prices remained elevated amid geopolitical tensions.
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Chandigarh Liquor Langar: Rs 7 Lakh Penalty, Bar Licence Cancelled
Chandigarh excise department imposes Rs 7 lakh penalty on M/s Bajaj Spirits for free vodka-laced ice golas. Bar licence of Kaindal Hospitality cancelled for violations.
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