CBI Questions Jai Anmol Ambani in Rs 228 Crore Bank Fraud
The CBI interrogated Jai Anmol Ambani for over six hours in a Rs 228 crore fraud case involving Reliance Home Finance. He has been summoned again for further questioning.
Category : Business
IDBI Bank Sale Likely Cancelled Over Low Bids
The Indian government's plan to sell a majority stake in IDBI Bank is likely to be scrapped after bids from Fairfax Financial and Emirates NBD fell short of the reserve price, sources reveal.
Adani Group to Invest Rs 2 Lakh Crore Annually in Infrastructure
Adani Group plans to invest Rs 2 lakh crore annually over five years in greenfield projects like renewable energy, airports, and logistics, aiming to boost India's self-reliance and economic resilience.
Accenture CEO: AI Skills Required for Promotions
Accenture CEO Julie Sweet has announced that employees seeking promotions must demonstrate proficiency in AI tools, as the company invests billions in reskilling and integrates AI across all operations.
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Vijayawada LPG Shortage Panic: Long Queues, System Failures
Residents in Vijayawada formed massive queues at gas agencies amid fears of domestic cylinder shortages. System failures forced manual bookings, causing hours-long waits and widespread consumer anxiety.
SWR Runs Special Trains for Ugadi Festival Passenger Rush
South Western Railway introduces special express trains from Bengaluru to Belagavi, Vijayapura, and Madgaon to manage extra passenger traffic during the Ugadi festival next week, with detailed schedules provided.
VMRDA Advances NITI Aayog's Vizag Bay City Plan
Visakhapatnam Metropolitan Region Development Authority initiates consultant selection for Vizag Bay City, a 40-sq-km coastal hub inspired by Miami and Dubai, aiming to transform 25-km coastline into global tourism and business destination.
Vaave Rebrands to Hoopstr, Expands Alumni Network Focus
Hyderabad-based startup Vaave, incubated by T-Hub, rebrands as Hoopstr to shift from alumni management to a broader learning and career ecosystem. The company plans to raise $3-5 million in pre-series A funding and expand to 2,500 institutions in India.
Tirupati Hotels Use Firewood Amid LPG Shortage from Iran War
Tirupati's hospitality sector, serving 80,000 daily tourists, faces a 50% drop in commercial LPG due to the Iran conflict, forcing restaurants to switch to firewood and causing prices to surge.
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Mumbai LPG Shortage Hits Restaurants, Staff Meals Reduced
Mumbai's commercial LPG shortage forces restaurants to ration fuel, simplify staff meals, and trim menus. Industry bodies warn of temporary closures as supply delays persist.
India's Forex Reserves Drop $11.7 Billion After Record High
India's foreign exchange reserves fell sharply by $11.683 billion to $716.810 billion in the week ended March 6, reversing the previous week's surge to a record high, as per RBI data.
Vijayawada: Domestic LPG Black Market Soars Amid Hotel Shutdowns
In Vijayawada, a severe shortage of commercial LPG cylinders has forced star hotels and restaurants to partially close, driving small eateries to use domestic cylinders. This has spiked black market prices above ₹2,000, with vendors struggling to meet dem
Hotel Groups Demand LPG Supply Amid Andhra Pradesh Shortage
Hotel associations in Andhra Pradesh met with Finance Minister Payyavula Keshav, highlighting severe commercial LPG cylinder shortages threatening hospitality sector operations and employment.
LPG Supply Issues Fuel Induction Plate Sales Surge in Jalandhar
Amid LPG supply disruptions, Jalandhar residents rush to buy induction plates and electric cookers, causing price hikes and stock shortages. Authorities inspect gas agencies to prevent hoarding.
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Karan Adani Calls for Energy Self-Reliance Amid West Asia Crisis
Karan Adani emphasizes India's need for energy independence and supply chain resilience due to West Asia disruptions, discussing Adani Group's strategic focus and organizational transformation.
Heritage Foods Opens New Ice Cream Plant in Hyderabad
Heritage Foods Limited has inaugurated a new greenfield ice cream manufacturing facility in Shamirpet, Hyderabad, with a capacity of 24 million litres annually. The company targets scaling its ice cream business up to five times over the next 7-8 years.
US-India Critical Minerals Deal Close to Finalization
US Ambassador Sergio Gor reveals that the United States and India are 'very close' to finalizing a critical minerals agreement, highlighting strong bilateral cooperation across government, business, and media sectors.
iD Fresh Food Opens Automated Hyderabad Plant, Doubles Capacity
iD Fresh Food has launched a new automated manufacturing facility in Hyderabad, doubling production capacity for batter and parotas. The plant employs over 200 locals and supports clean-label food, sustainability, and regional expansion.
10.2 Lakh Belagavi Workers Registered on e-Shram Portal
More than 10.2 lakh unorganised sector workers in Belagavi district have been registered on the e-Shram portal, enabling access to Central government welfare schemes, as revealed in Parliament.
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Middle East Tensions Trigger India's LPG Supply Alarm and Panic
India faces LPG supply concerns as Iran's actions in the Strait of Hormuz disrupt energy imports, leading to long queues and government interventions to ensure domestic household supply.
LPG Crisis Hits Idukki: Hotels Close, Funeral Rites at Risk
A severe cooking gas shortage in Idukki district has forced 20 hotels to shut down, disrupted funeral rites, and sparked household concerns. With 30 LPG agencies serving 3.5 lakh consumers, distribution issues threaten daily life.
NMDC Hits 50 Million Tonnes Iron Ore Production in FY25-26
State-run NMDC Limited becomes India's first mining company to produce 50 million tonnes of iron ore in a single financial year, marking a significant growth from 10 million tonnes in 1978.
CBI Questions Anil Ambani's Son in Rs 228 Crore Bank Fraud
The Central Bureau of Investigation has questioned Anil Ambani's son in connection with a Rs 228 crore bank fraud case involving Union Bank of India, based on allegations of non-repayment of credit.
Amazon Air Launches in Northeast India with New Cargo Routes
Amazon announces expansion of Amazon Air to Northeast India, connecting Kolkata and Guwahati to enhance logistics and delivery speeds by up to five times across seven states.
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Smart AC Tips: Reduce Bills, Stay Cool in Summer
Learn effective strategies to use air conditioners efficiently during India's scorching summers. Tips on maintenance, temperature settings, and cooling hacks to lower electricity costs and prevent hazards.
GMR Airports to Modernize Delhi Airport Cargo Terminal
GMR Airports Ltd wins bid to upgrade Delhi Airport's cargo terminal, replacing Celebi after contract termination. The project involves a revenue share model until 2036, with an estimated Rs 340 crore in first-year revenue.
US Stocks Mixed as Iran War Impacts Oil, Economic Outlook
US stock indexes traded mixed to lower on Friday, pressured by the Iran war's impact on oil prices and global economic concerns. The S&P 500 slipped 0.2%, while the Dow rose slightly and Nasdaq fell 0.4%.
Running Scared? No, Playing Smart: Business Strategy
Businesses are shifting from fear-driven reactions to strategic, smart plays in response to economic challenges, focusing on innovation and resilience.
Indian-Origin Developer Faces $85M Fraud Charges in Florida
Rishi Kapoor, a Miami real estate developer, has been indicted for allegedly defrauding investors of $85 million, using funds for a luxury yacht and personal expenses while failing to build promised condos.
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IndiGo, Air India Levy Fuel Surcharge as Oil Prices Soar
IndiGo and Air India Group have introduced fuel surcharges on flights due to rising oil prices from geopolitical tensions, with charges ranging from Rs 425 to Rs 2,300.
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