Agilitas Secures Rs 225 Crore in Funding from Nexus and Rainmatter
Sportswear platform Agilitas raises Rs 225 crore from Nexus Venture Partners and Rainmatter to expand manufacturing, retail, and brand portfolio, targeting $1 billion revenue.
Category : Business
Delhi to Hold Eighth Economic Census After Population Census
Delhi government will conduct the eighth economic census next year, after the national population census. The census will enumerate all business establishments, including informal sector, to collect data on economic activities, ownership, and employment.
IndiGo to Suspend Manchester Flights from August 3
IndiGo has announced suspension of its Manchester flights from August 3, citing escalating operational costs and airspace restrictions. The airline will offer refunds or rebooking options to affected passengers.
Maharashtra to Allow App-Based Cooperative Taxi Aggregators
Maharashtra will soon permit app-based cooperative taxi aggregators, CM Devendra Fadnavis announced. The initiative aims to provide economic stability and social security to lakhs of drivers, with a zero-commission, surge-free model.
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Raj Kundra Gets Court Nod for Overseas Business Travel
A special court granted permission to businessman Raj Kundra to travel to multiple countries for business, rejecting ED's objections that he might abscond. The judge cited fundamental right to travel.
Thar Dry Port in Jaipur to Boost Exports, Cut Costs
The Thar Dry Port in Jaipur, operationalized with Rs 300 crore investment, reduces logistics costs and boosts export competitiveness for Rajasthan industries.
PM Modi's Gulf Move Pays Off; India-Oman CEPA Gamechanger
India's trade pact with Oman is proving to be more than a free trade agreement. Amid tensions threatening the Strait of Hormuz, the CEPA offers zero-duty access, alternative ports, and strategic resilience.
Iran Inflation Hits 77.2%, Highest Since WWII
Iran's annual inflation surged to 77.2% in May, the highest since WWII. War, US sanctions, and structural issues deepen the economic crisis, with prices of essentials rising 113.8%.
Assam Launches Rs 411 Crore Mission Muga Silk Project
The DoNER ministry and Assam govt launched Mission Muga Silk 'Senehjori' worth ₹411 crore to empower 2.6 lakh weavers and rearers, boosting Assam's golden silk industry globally.
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Petrol, Diesel Price Surge May Lift CPI Inflation by 48 Bps
RBI likely to monitor spillover risks as fuel price hikes may increase CPI inflation by up to 48 bps, says Crisil report, with broader economic implications.
CMA Rahul Chincholkar elected chairman of ICMAI Pune Chapter
CMA Rahul Chincholkar has been elected as chairman of ICMAI Pune Chapter for 2026-27. The new team includes vice-chairman, secretary, and treasurer, focusing on professional development and AI.
Oyo Parent Prism Gets SEBI Nod for IPO
Prism, Oyo's parent, secures SEBI approval for its third IPO attempt, targeting up to Rs 6,650 crore and a $7-8 billion valuation amid market volatility.
India Replaces WPI with Producer Price Index for Better Gauge
India is replacing the Wholesale Price Index with a Producer Price Index to better capture price changes across the economy. The new index will align with global standards and improve policy decisions.
STF Arrests Two Delhi Graduates in GST Fraud Case
Uttar Pradesh STF arrested two Delhi-based B.Com graduates for creating bogus firms to claim fraudulent Input Tax Credit, causing revenue losses of crores.
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Indian Stock Market Slips to 7th Largest Globally
India's stock market fell to seventh largest globally, overtaken by Taiwan and South Korea due to AI-led rallies. Foreign capital exodus and global conflicts contributed to the decline.
Infosys Partners with DNB Bank for Financial Crime Modernization
Infosys expands partnership with DNB Bank to implement the NICE Actimize X-Sight platform, enhancing financial crime operations with advanced analytics and automation.
India Tightens Silver Import Curbs, Requires Prior DGFT Approval
India has tightened silver import restrictions by requiring prior authorization from the DGFT, following earlier curbs on high-purity bars and semi-manufactured forms.
Tata Sons Chairman Visits Private Defence MRO Facility Near Bengaluru
Tata Sons Chairman N Chandrasekaran visited TASL's upcoming defence MRO facility near Bengaluru Airport. The 15,000 sqm centre, set for commissioning by December 2026, will service C-130J aircraft.
BEST Plans Underground Parking at 27 Depots for Revenue
BEST proposes underground parking at 27 bus depots, advertising expansion, and charging stations to boost non-fare revenue, targeting Rs 63 crore by 2026-27.
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India Tightens Silver Import Rules, Requires Prior Approval
India has tightened silver import rules, requiring prior government approval for grains, powder, and other forms with 99.9% purity to curb imports and ease pressure on the rupee.
Citi's Raghavan: India Must Articulate Post-AI Role to Attract FDI
Citi's Vis Raghavan discusses why FDI into India is muted due to AI capital reallocation, energy dependency, and the need for India to better position itself in the AI-driven global economy.
Wall Street Rally Pauses as Alphabet Drops on AI Fundraising
Wall Street's record rally slowed Tuesday as Alphabet fell 4% after announcing $80 billion stock sale to fund AI investments. S&P 500 slipped 0.1%, while Hewlett Packard Enterprise surged 31.5%.
India Replaces WPI with Producer Price Index
The Centre will replace the Wholesale Price Index (WPI) with the Producer Price Index (PPI) to better measure price changes at the producer level.
Centre to Replace WPI with Producer Price Index by 2026
India will revamp its wholesale inflation measurement by replacing the Wholesale Price Index with the Producer Price Index, starting with services PPI release in Q4 2025-26.
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Maharashtra takes over Air India building for Rs 1,601 cr
The Maharashtra government has acquired the iconic Air India building at Nariman Point for Rs 1,601 crore, marking a significant real estate transaction in Mumbai.
Aman Khan Closes Delhi Nightclub KNOT, Plans Four-City Return
Aman Khan, founder of Delhi nightclub KNOT, releases a cinematic film marking its closure and announces a four-city luxury hospitality expansion across Goa, Pune, Mumbai, and Bangalore.
US FDA Flags Lapses at Dabur Silvassa Plant, Company Clarifies
The US FDA has flagged manufacturing lapses at Dabur India's Silvassa plant. The company clarified that no product quality issues were found and corrective actions are being taken.
India to Replace WPI with PPI Gradually
India will gradually transition from Wholesale Price Index to Producer Price Index, aligning with global best practices and IMF recommendations to better measure producer inflation.
Why Written Agreements Are Crucial in Property Buying
Learn how a written agreement under RERA protects buyers from arbitrary price hikes. Understand your rights on carpet area, payment schedules, and legal recourse.
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Leadership Transition at profine India: Farid Khan CMD, Kamal Bajaj CEO
profine India announces leadership change: Farid Khan becomes Chairman cum Managing Director, Kamal Bajaj appointed Chief Executive Officer, effective June 1, 2026.
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