Hyderabad rents soar, forcing shared housing and longer commutes
Rising house rentals in Hyderabad's IT corridor are pushing residents into shared flats, crowded PGs, and longer commutes as rents surge 10-20%, outpacing salary growth.
Category : Business
USTR Names India Among 54 Nations with Unfair Trade Practices
The USTR has named India among 54 economies with inadequate measures against forced labor imports, proposing additional tariffs of 10-12.5% amid ongoing bilateral trade talks.
RBI may have sold gold to shore up forex reserves
A report suggests the RBI sold gold in recent months to bolster forex reserves amid pressure on the rupee and rising import costs. The move indicates strategic reserve management.
JP Morgan, CLSA, Elara, Motilal on RIL, Lenskart, BEML, ITC
JP Morgan overweight on RIL (target Rs 1,660), CLSA outperform on Lenskart (target Rs 604), Elara buy on BEML (target Rs 2,700), Motilal neutral on ITC (target Rs 300).
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PNG Connection Delays Due to Approval Issues in Dharwad
IOAGPL's Dharwad asset head cites delays in PNG connections due to slow permissions for land digging and road cutting. Talks with district administration planned to expedite approvals.
6 Key Considerations for Designing a Modern Home Temple
Discover six essential factors for creating a serene and functional home temple in modern interiors, from height planning to storage solutions.
Karnatak University to Collect GST on Affiliation Fees
Karnatak University will levy GST on affiliation fees, with colleges required to pay in three installments before the 2028–29 academic year notification.
LPG Shortage in Hubballi Fails to Boost PNG Connections
Despite an LPG cylinder shortage in Hubballi due to the US-Israel-Iran war, PNG connections have not seen a significant rise, surprising officials.
Stock Market Live: Sensex, Nifty Range-Bound on Oil, Global Cues
Stock market live updates: BSE Sensex and Nifty50 may see range-bound trading as crude oil prices rise and global cues remain mixed. IT stocks rally, RBI policy in focus.
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Honeywell Unveils New Brand Identities for Tech and Aerospace
Honeywell announces new brand identities for its Technologies and Aerospace divisions, leveraging a brand value of $18 billion and 140 years of innovation.
Court Takes Cognisance of Charges Against Naveen Jindal
A Delhi court took cognisance of charges against Naveen Jindal and others for criminal conspiracy and cheating in a coal block allocation case, summoning them for July 17.
ED Raids Vedanta Premises in FEMA Violation Probe
The Enforcement Directorate searched Vedanta Ltd premises in Delhi, Mumbai, and Udaipur over suspected FEMA violations involving brand royalty transactions between UK-based Vedanta Resources and its Indian subsidiary.
Hidden Forex Costs Trouble Indian Travelers Despite TCS Cut
A Wise report reveals that while 78% of Indians plan to travel more after TCS reduction, hidden forex charges and lack of transparency remain major pain points for travelers.
Tractor Industry Optimistic on FY27 Demand Despite Monsoon Risks
The tractor industry remains cautiously optimistic for FY27 demand after a record FY26, despite monsoon concerns. Structural improvements in agriculture support resilience, though El Niño risks persist.
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Chemplast Sanmar Starts Strategic Review for M&A and Restructuring
Chemplast Sanmar has initiated a strategic review of its business portfolio, including potential reorganisation and M&A, to unlock value and strengthen long-term growth prospects.
Hidden Forex Charges Plague Indian Travelers Despite TCS Cut
A Wise report reveals that 78% of Indian travelers plan to increase overseas spending post-TCS cut, but 38% still exchange cash before travel, unaware of hidden forex charges and markups.
Court Closes Hindalco Coal Block Case, Discharges Executives
A Delhi court closed the coal block allocation case against Hindalco Industries, discharging the company and two former executives, citing lack of evidence for criminal conspiracy or breach of trust.
Ludhiana bizman booked for Rs 1.05 crore fraud
A Ludhiana textile businessman was defrauded of Rs 1.05 crore by a buyer who took delivery of fabrics but failed to pay. Police registered a case after investigation.
Godrej Industries Launches Wealth Management Arm Godrej Wealth
Godrej Industries Group launches Godrej Wealth, aiming for Rs 1,00,000 crore AUM by 2031 and 35 locations in five years, targeting affluent and HNI clients.
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ThynkTech India Shuts Pune Office, 500 IT Staff Jobless
ThynkTech India OPC Pvt Ltd shut its Hinjewadi branch on April 22 without notice, leaving 500 employees jobless. CEO Harshal Thakre detained in Nashik. Case filed for cheating and withholding salaries.
India slips to 7th in global market cap, South Korea 6th
India's stock market valuation fell to seventh globally as South Korea overtook it. Foreign selling, weak earnings, and slow AI growth contributed to the slide.
Wealth Co Partners with NSE for EGR
Wealth Co has signed an agreement with the National Stock Exchange to facilitate trading in Electronic Gold Receipts, aiming to enhance gold investment accessibility.
India Plans New Index for Informal Industrial Production
India's statistics ministry is finalising plans to launch a new index to measure monthly industrial production in the informal manufacturing sector, alongside a services index, using data from ASUSE and PLFS surveys.
India, UK agree to resolve gaps for early trade deal
India and the UK have agreed to resolve outstanding issues to expedite the bilateral trade agreement. Talks focused on steel quotas, duties, and carbon border adjustment mechanism.
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Oyo, Coca-Cola, Others Push Ahead with IPO Plans Despite War
Despite challenging fund-raising conditions due to the West Asia war, unlisted companies like Oyo, Coca-Cola's India bottler, Zepto, and Manipal Hospitals are moving forward with IPO plans.
Badshah's Club Sealed in Chandigarh Over Violations
Chandigarh estate office sealed 'Sago by Badshah' in Sector 26 for illegal extensions. The venue ignored warnings for two years, leading to prosecution under local laws.
India to Phase Out WPI, Adopt Producer Price Index
India will introduce a Producer Price Index (PPI) on June 15, 2025, with a 2022-23 base, phasing out the Wholesale Price Index (WPI) over five years to better track factory gate inflation.
Rising Can and Bottle Costs Hit Beverage Firms This Summer
Beverage companies face rising costs and supply disruptions for aluminium cans and glass bottles this summer, driven by global conflicts and inflation, potentially leading to higher consumer prices.
CREDAI Proposes Land Reforms for Bengal Housing
CREDAI West Bengal and Kolkata presidents submitted pre-budget suggestions to unlock land, speed up urbanisation, and improve housing affordability, including easing land ceiling limits and comprehensive township policy.
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Maharashtra Approves Rs 36,585 Crore Loan Waiver for Farmers
The Maharashtra government has approved a Rs 36,585 crore crop loan waiver scheme to benefit 56 lakh farmers, waiving loans up to Rs 2 lakh and offering Rs 50,000 incentive for regular repayers.
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