Sony Honda Cancels Afeela EVs, Ends $90K Sedan and SUV
Sony Honda Mobility cancels the Afeela 1 sedan and SUV concept, refunding deposits after Honda's $15.7 billion EV crisis and shifting market conditions derail the ambitious project.
Category : Business
DCIL Aims for Rs 3,000 Crore Turnover, Eyes Subsea Cable Market
Dredging Corporation of India Limited plans to achieve Rs 3,000 crore annual turnover in 5-10 years, targeting subsea cable projects and diversifying into inland waterways and offshore wind energy.
Air India Ends Delhi-Gaya Route, IndiGo Cancels New Flight
Air India has discontinued its Delhi-Gaya service, while IndiGo has backed out of launching a Gaya-Kolkata-Mumbai flight, causing a double setback for air connectivity in Bihar's Magadh division.
Meghalaya Commercial LPG Shortage from Central Cap, State Appeals
Meghalaya reports constrained commercial LPG supply due to a Union ministry cap, impacting tourism and hospitality. The state seeks relaxation as supply stabilizes at 190-200 cylinders daily.
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Andhra Pradesh Fast-Tracks Krishnapatnam Smart City Development
The Chandrababu Naidu-led government is accelerating the Krishnapatnam Industrial Smart City project, with ₹350 crore already spent on infrastructure. The 10,500-acre hub aims to become a major industrial and urban center by 2028.
India Opposes China-Led Investment Pact at WTO
India has strongly opposed the China-led Investment Facilitation for Development Agreement being incorporated into the WTO framework, raising concerns over its systemic implications at the 14th ministerial conference in Cameroon.
Chennai LPG Shortage Shuts Eateries, Doubles Food Prices
A severe LPG shortage in Chennai has led to hundreds of small eateries closing or hiking prices, with tea and snacks costing nearly double in areas like Nungambakkam and Tambaram.
Vijaypat Singhania, Ex-Raymond Chairman, Dies at 87
Vijaypat Singhania, the former chairman of Raymond Group, has died at the age of 87 in Mumbai. He was a prominent industrialist known for his leadership in the textile and apparel sector.
Mangaluru Startup Ecosystem Gains Momentum at Coastal Fest
Nitte-MRPL Coastal Startup Fest 2026 highlights Mangaluru's growing startup hub, with experts noting a rise in innovation beyond Bengaluru and India's startup count surging from 400 to over 120,000 since 2016.
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Farmers Advised Against Summer Cotton Farming in Karnataka
The Karnataka agriculture department has issued an advisory against commercial cotton cultivation during April-May due to rising temperatures and water scarcity risks, following crop losses in the previous season.
Fuel Tax Cut Fails to Lower Mumbai Petrol Prices
The Centre's Rs 10 per litre excise duty reduction on petrol and diesel has not translated to lower retail prices in Mumbai, with oil marketing companies absorbing the benefit through depot price adjustments.
SMEs Concerned Over LPG Supply Despite Govt Allocation Hike
The Union government has increased commercial LPG allocation from 50% to 70%, but SMEs in Kolhan division fear persistent scarcity. Industry leaders highlight ongoing supply issues affecting automobile ancillaries.
Vijaypat Singhania, Ex-Raymond Chief and Padma Bhushan, Dies at 87
Vijaypat Singhania, the former chairman of Raymond Group and a recipient of the Padma Bhushan award, has died at the age of 87. His legacy in the textile industry and contributions to business and philanthropy are widely remembered.
Jeans Factory at Ballari Prison via JSW Steel CSR Program
Ballari Central Prison is establishing a jeans manufacturing unit in collaboration with JSW Steel's CSR program to provide skill training and employment for inmates, particularly those serving rigorous imprisonment.
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Belagavi PNG Project Stalls: 74% Homes Connected After 7 Years
The piped natural gas project in Belagavi city has reached only 37,603 households, falling short of its 50,000 target after seven years. Residents continue relying on LPG cylinders as implementation delays persist.
Almatti-Wandal Rail Line Opens, Fuels Demand for Luxury Trains
The commissioning of the 9.6 km Almatti-Wandal broad gauge double line removes a critical bottleneck, enhancing rail connectivity in Karnataka. Local groups now demand Vande Bharat and express trains to leverage improved infrastructure.
Bagmane Developers Invests Rs 40 Cr in Bengaluru Metro Station
Bagmane Developers Pvt Ltd has signed a Rs 40 crore grant agreement with BMRCL for the DRDO Sports Complex Metro station on ORR corridor. The deal includes naming rights for 20 years and interior funding, with station opening targeted for December 2026.
Illinois Goat Tower: 31-Foot Brick Marvel for Climbing Goats
In rural Illinois, a 31-foot brick tower with spiral ramps allows goats to climb, rest, and survey farmland. Built by farmers David and Marcia Johnson, this structure combines animal behavior science with creative design to enhance livestock welfare and a
Nashik Approves 124-Metre High-Rise Buildings
Nashik Municipal Corporation is granting approvals for residential and commercial projects up to 124 metres tall, marking a significant shift from low-rise to vertical urban development in the city.
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Ranchi Painting Units Hit by West Asia Conflict, LPG Shortage
Small-scale painting and fabrication units in Ranchi face rising costs and operational slowdowns due to West Asia conflict ripple effects, with LPG shortages and supply chain stress impacting almirah-making and vehicle workshops.
Domino's India Hit by LPG Shortages from West Asia War
Jubilant FoodWorks, operator of Domino's Pizza and Dunkin Donuts in India, reports LPG cylinder supply constraints across stores due to the West Asia conflict, prompting a shift to alternative energy sources.
India Growth Risks from West Asia Conflict, Energy Costs
A new report warns that escalating conflict in West Asia and rising global energy prices could pose significant risks to India's economic growth trajectory and inflation management.
KSRTC Refurbishes 18% of Buses, Manages Fleet Amid High Demand
Karnataka's KSRTC has refurbished 1,568 buses since 2023, focusing on fleet optimization. Over half the fleet exceeds mileage limits but remains in service under 15-year rules, with new inductions planned.
Jag Vasant LPG Vessel Docks at Gujarat Port After Delay
The MT Jag Vasant has successfully docked at Vadinar Port, delivering 47,180 metric tons of LPG. A ship-to-ship transfer to the Rose Gas vessel is underway to distribute fuel to Kandla Port, highlighting India's robust maritime logistics for energy securi
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Russia Sells Physical Gold for First Time in 25 Years
Russia has begun selling physical gold from its central bank reserves for the first time in 25 years to address a widening budget deficit driven by military spending and sanctions pressure.
Adani Delivers 2000 Prahar LMGs Early, India Defence Milestone
Adani Defence and Aerospace has delivered 2,000 Prahar Light Machine Guns nearly 600 days ahead of schedule, showcasing enhanced efficiency in India's military procurement and domestic manufacturing under Make in India.
India's Oil Strategy Tested by Middle East Crisis
The Middle East conflict disrupts global oil flows through the Strait of Hormuz, challenging India's energy security as it imports 90% of its crude. With 50% of imports transiting the chokepoint, India faces supply pressures while maintaining 60-day reser
LPG Ship 'Jag Vasant' Arrives at Gujarat's Vadinar Port
The MT Jag Vasant, carrying 47,000 tonnes of LPG, docked at Vadinar port in Gujarat after sailing from Kuwait. This significant delivery underscores India's energy import strategy.
Bank of America Settles Epstein Lawsuit for $72.5 Million
Bank of America agrees to pay $72.5 million to settle a civil lawsuit alleging it enabled Jeffrey Epstein's sex trafficking. The settlement awaits federal judge approval.
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India's Top City Home Affordability to Stabilize by 2026-28
A new report predicts that home affordability in India's major cities will stabilize by 2026-28, driven by income growth and moderating price increases, offering relief to buyers.
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