MSIL Expands Chit Fund Business in Rural Karnataka

State-run Mysore Sales International Ltd (MSIL) is formalizing its NBFC operations and targeting rural expansion in Karnataka by partnering with self-help groups (SHGs) and hiring recently retired bankers to boost its chit fund business.

Reliance Restructures REIL Stake, Meta Takes 30%

Reliance Industries announces a strategic restructuring of its stake in Reliance Entertainment International Limited, with Meta Platforms acquiring a 30% share, marking a significant move in digital media and entertainment.

Ajit Jain Buys Rs 85 Crore Luxury Apartment in Gurugram

Berkshire Hathaway Vice-Chairman Ajit Jain has purchased a 7,400 sq ft luxury apartment at DLF The Camellias in Gurugram for approximately Rs 85 crore, highlighting the growing trend of ultra-high-net-worth individuals investing in secure, gated condomini

Wall Street Gains on Nvidia Earnings, AI Trade Worries

US stock indices opened higher, recovering from recent volatility as investors weighed AI trade concerns and tariff uncertainties ahead of Nvidia's earnings report, with key gains in the Dow, S&P 500, and Nasdaq.

US 126% Solar Tariff Hits Indian Firms Hard

The US decision to impose a 126% tariff on solar imports is expected to severely impact Indian manufacturers, reducing demand and production for their products in the American market.

ED Attaches Anil Ambani's Rs 371.6 Crore Mumbai Home

The Enforcement Directorate has attached Anil Ambani's luxurious Mumbai residence worth Rs 371.6 crore in a money laundering case linked to Yes Bank. This action is part of an ongoing investigation into alleged financial irregularities.

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