Indian Navy Inducts Five Indigenous Warships
The Indian Navy will induct five indigenously built warships this month, including stealth frigates and anti-submarine crafts, boosting maritime capabilities and fleet expansion.
Category : Business
Cyient, Timken India, Bosch Top Stock Picks for June 4
Aakash K Hindocha of Nuvama recommends buying Cyient, Timken India, and Bosch with specific targets. Nifty and Bank Nifty outlook also provided.
Stock Market Live: Sensex, Nifty50 Range-Bound; Oil Prices Drop
BSE Sensex and Nifty50 are expected to trade in a range-bound volatile session as geopolitical tensions ease slightly. Crude oil prices declined after a ceasefire agreement between Lebanon and Israel.
US proposes 12.5% tariff on India, China on forced labour
The US Trade Representative proposed a 12.5% tariff on exports from 54 countries, including India and China, citing failure to prohibit forced labour imports. India is engaging with the US on the matter.
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Cabinet Approves Ordinance to Ease Tax Rules for Foreign Investors
The Union Cabinet has recommended an ordinance to ease tax rules for foreign investors in certain securities, aiming to strengthen the rupee amid record FPI outflows.
Wipro CEO Srinivas Pallia's FY26 Pay Drops 7% to Rs 49.6 Crore
Wipro CEO Srinivas Pallia earned Rs 49.6 crore in FY26, a 7% decline from Rs 53.4 crore in FY25. His compensation includes salary, commission, and benefits.
Sebi Bans Rajesh Exports CMD for Inflating Revenue by Rs 15.2 Lakh Crore
Markets regulator Sebi banned Rajesh Mehta, CMD of Rajesh Exports, from dealing in company shares after finding manipulated books and inflated revenues of Rs 15.2 lakh crore from FY21-25.
Rs 10,000 crore fund to cap jet fuel prices, aid airlines
The Indian government has set aside Rs 10,000 crore to cap aviation turbine fuel prices, providing interest-free advances to oil marketing companies to shield airlines from sharp price surges and ensure affordable air travel.
Bank of America CEO: India Interest Strong Despite Volatility
Bank of America's India CEO Vikram Sahu says corporate interest in India remains strong despite near-term volatility, with strategic investors taking a long-term view and foreign investment expected to follow as conditions improve.
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RBI Rejects Bids for 182-Day, 364-Day T-Bills, Signals Discomfort
The RBI rejected bids for 182-day and 364-day treasury bills at auction, accepting only 91-day bills at 5.56% yield, signaling discomfort with rising short-term yields ahead of the MPC decision.
Indian Exporters Eye US Trade Deal for Edge Over Rivals
Indian exporters monitor US tariff probes and bilateral trade talks, hoping for advantage over rivals. Concerns over forced labor findings and China tariffs persist.
Worker Arrested for ₹40 Lakh Gold Theft from Ludhiana Home
A domestic worker was arrested for allegedly stealing gold worth ₹40 lakh from a Ludhiana family over eight years, including a bracelet from a 10-month-old baby.
Banashankari Temple to Build Multi-Level Parking
Banashankari temple in Bengaluru will construct a multi-level parking complex to ease traffic congestion on surrounding roads, benefiting thousands of devotees.
Maharashtra Revises Sand Extraction Policy for Eco-Friendly Mining
Maharashtra government revises sand extraction policy, fixing rates for eco-friendly sand from mining overburden to reduce riverbed pressure and curb illegal excavation.
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Ludhiana Travel Agent Gets ₹5 Crore Extortion Call from UK Gang
A Ludhiana travel agent became the latest target of the UK-based Ghanshampuria gang, receiving a ₹5 crore extortion demand via WhatsApp. Police have registered an FIR against Manpreet Singh alias Mann Ghanshampuria.
UP Cabinet Amends Semiconductor Policy-2024
The Uttar Pradesh cabinet has approved amendments to the Semiconductor Policy-2024 to align with the India Semiconductor Mission, offering greater flexibility to investors and boosting domestic ecosystem.
UP Cabinet OKs One-Time Settlement for Light Commercial Vehicles
The Uttar Pradesh cabinet approved a one-time settlement scheme offering 35% rebate on old tax dues and 100% penalty waiver for light commercial vehicles, valid for two months.
Ranjangaon Electronics Cluster Ready in 3-4 Months
The Ranjangaon electronics manufacturing cluster in Pune nears completion, with infrastructure 85% ready. MIDC has built 60 plug-and-play units, expecting investment interest within months.
Elderly Man Loses Rs 20,100 in ATM Card Swap Fraud
A 74-year-old Indore resident lost over Rs 20,000 after two strangers swapped his ATM card and stole his PIN. The fraud was discovered when SMS alerts showed withdrawals.
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MPIDC Cancels Two Industrial Plots Allotment to Hazargo Industries
Madhya Pradesh Industrial Development Corporation cancelled allotment of two plots to Hazargo Industries over lease violations and unauthorised polluting activities after a massive fire in April.
UP Power Union Demands Reinstatement of 25,000 Workers
The UP Power Corporation Nivida Samvida Karamchari Sangh demands reinstatement of 25,000 outsourced workers removed in Oct 2024, citing violation of staffing norms and increased workload.
Cabinet Approves Two Major Highway Projects in Telangana
Union Cabinet approves widening of NH-63 and NH-563 in Telangana at ₹7,597.16 crore, covering 190.76 km, to reduce travel time and boost connectivity.
Goa Power Outage Caused by Grid Failure, Minister Says
A major power outage in North Goa, including hospitals and coastal areas, was caused by a central grid failure. Minister Dhavalikar cites equipment shortage and grid dependency.
Goa Proposes Ammo Storage Investment Area After Blast
Goa's industries department proposes declaring 10,000 sqm as Investment Promotion Area for Hughes Precision's ammunition storage facility, a year after a massive explosion destroyed its warehouse.
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Rajkot Seals Gold Unit Over Unauthorized Construction
Rajkot Municipal Corporation sealed a gold processing unit after a fire revealed unauthorized construction and access issues for firefighters in Soni Bazaar.
IFSCA Unveils Pension Fund Framework for GIFT City
IFSCA launches pension fund regulations for GIFT City, allowing global retirement capital inflow. The framework includes 10-year track record, multi-currency options, and life-cycle funds.
Gujarat Cabinet OKs Services Commissionerate, Rs 100 Cr Fund
Gujarat cabinet approves a new services commissionerate and a Rs 100 crore growth fund to boost IT, tourism, and logistics, aiming for balanced economic growth.
Rajkot Bullion Trader Files Complaint Over Silver Fraud
A Rajkot bullion businessman filed a criminal breach of trust case against a Vatva trader for failing to return 2.3 kg of silver worth Rs 6 lakh given for purity testing in Ahmedabad.
South Western Railway Records Highest May Freight Loading
South Western Railway achieved its highest-ever May freight loading, with 2,275 wagons per day, up 3.7% from last year, setting a new record.
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Hotels in Jaipur Shift from LPG to Electric Cooking
Rising LPG prices and supply constraints are driving hotels and restaurants in Jaipur to permanently adopt electric cooking equipment, with up to 80% of kitchen operations now electric.
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