IndiGo Profit Drops 78% in Dec Quarter
IndiGo's net profit fell sharply to Rs 549 crore in Q3 FY25 due to flight disruptions, labour code provisions, and rupee devaluation, despite a 6.7% rise in total income.
Category : Business
Schneider Electric Rs 623 Cr Investment in Hyderabad Plants
Schneider Electric India announces Rs 623 crore investment to expand Hyderabad manufacturing facilities, focusing on electrical safety products and supporting Telangana's Net-Zero 2047 target.
Pinegrove's $2.2B Fund Targets Venture Secondary Market
San Francisco's Pinegrove Opportunity Partners closes $2.2 billion debut fund, backed by Brookfield and Sequoia Heritage, focusing on secondary stakes in mature tech startups like Stripe and Databricks.
Ex-Goldman Banker Seeks Pardon Before Prison
Tim Leissner, former Goldman Sachs banker convicted in $4.5 billion 1MDB fraud, seeks presidential pardon before surrendering to federal prison in February.
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General Atlantic Invests in Balaji Wafers
US private equity firm General Atlantic is acquiring a 7% stake in Rajkot-based Balaji Wafers for over Rs 2,000 crore, valuing the snack food brand at approximately Rs 35,000 crore.
Tiger Global, Microsoft Exit PhonePe Before IPO
Tiger Global and Microsoft will fully exit PhonePe as the Walmart-owned fintech prepares for a Rs 12,000 crore IPO. Walmart will reduce its stake by 10% in the offer for sale.
Guntur Bank Fraud: ₹30 Crore Scam, 5 Arrested
Police in Vijayawada have registered two criminal cases and arrested five key accused in a massive financial fraud exceeding ₹30 crore at the Nallapadu branch of Guntur District Central Cooperative Bank. The scam involved bank officials, committee members
FIEO Seeks Budget Fix for Inverted Duty Structure
The Federation of Indian Export Organizations calls for correcting inverted customs duties in the upcoming Union Budget to enhance cost competitiveness and support domestic manufacturing across key sectors.
Canadian Dollar Hits Two-Week High on U.S. Policy Uncertainty
The Canadian dollar surged to a two-week high against the U.S. dollar as investors assess ongoing U.S. policy uncertainty and anticipate fiscal support for Canada's economy in 2026.
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Gold Tops $4,900/oz; Silver & Platinum Rally to Records
Gold prices surged past $4,900 per ounce for the first time, driven by geopolitical tensions, a weaker US dollar, and Fed rate cut expectations. Silver and platinum also reached unprecedented highs in a broad precious metals rally.
Goa Bank Managers Save ₹1 Crore from Cyber Fraud
Alert bank managers in Goa prevented customers from transferring over ₹1 crore to cyber fraudsters by recognizing distress signals during digital arrest and investment scams.
PMO Urges Indian Missions: 'Every Country Matters' for Trade
Indian commercial missions receive clear directive from PMO and commerce department to prioritize trade diversification across all nations, with monthly reviews and focus on e-commerce, sustainability, and Brand India initiatives.
AP Govt to Revise Urban Land Values from Feb 1
The Andhra Pradesh government has proposed revising land market values in urban areas effective February 1, aiming to align official rates with actual transaction prices amid financial concerns.
Naidu: Andhra Secured ₹2.5L Cr Investments at Davos WEF
Chief Minister N Chandrababu Naidu revealed that Andhra Pradesh attracted investments worth ₹2.5 lakh crore during his World Economic Forum visit in Davos, where he promoted the state's green energy, AI, and tourism sectors globally.
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Punjab Industries Seek Road Upgrades, Policy Reforms
CICU delegation meets Punjab minister Hardeep Singh Mundian, highlighting deteriorating road infrastructure and policy hurdles affecting industrial competitiveness and public safety across key industrial zones.
Bihar Tourism Secretary Calls for Investment in Tourism Infrastructure
Bihar Tourism Secretary Nilesh Ramchandra Deore urged investors to build star-rated hotels, modern amenities, and amusement parks across the state, highlighting up to 30% financial assistance under the Bihar Tourism Policy.
Bengaluru's Amrit Bharat Express to Alipurduar Starts Saturday
The second Amrit Bharat Express from SMVT Bengaluru to Alipurduar Junction in West Bengal begins commercial service this Saturday, following Prime Minister Modi's flag-off last week.
Odisha CM to Inaugurate Rs 30,000 Cr Industrial Projects
Odisha Chief Minister Mohan Charan Majhi will inaugurate and lay foundation stones for 20 industrial projects worth Rs 30,000 crore in Sambalpur and Sundargarh districts on January 27-28, generating 10,000 jobs.
Trump Sues JPMorgan Chase for $5B Over Political Bias Claims
Former US President Donald Trump has filed a $5 billion lawsuit against JPMorgan Chase and CEO Jamie Dimon, alleging political discrimination in banking services. The case centers on Florida laws protecting against debanking based on political beliefs.
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Vizag Land Prices Soar 50% After Google, IT Investments
Land prices in Visakhapatnam's outskirts surge 40-50% after Google's $6B data center and other IT investments, sparking real estate boom across Vizag, Vizianagaram, and Anakapalle districts.
UP Secures Rs 25,000 Cr Essar Deal at Davos for Energy & Digital Push
Uttar Pradesh delegation at World Economic Forum secures Rs 25,000 crore investment from Essar Group for clean energy, digital infrastructure, and industrial growth, with multiple MoUs signed.
Bihar Ethanol Crisis: Plants Face Closure After OMC Cuts
Bihar's 14 grain-based ethanol plants are on the brink of shutdown following a 50% reduction in purchases by oil marketing companies, threatening thousands of jobs and farmer livelihoods across the state.
UP STF Busts Rs 45 Crore GST Evasion Racket
Uttar Pradesh STF uncovers massive GST fraud involving over 100 shell companies, arrests kingpin in Delhi. Racket used job-seekers' documents to generate fake invoices worth Rs 248 crore.
Patna's NINI to Offer FRP Boat Construction Training from March
National Inland Navigation Institute in Patna will start training in fibre-reinforced plastic boat construction from March, creating local employment and reducing Bihar's dependence on imported vessels for river transport.
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Mizoram Dairy Boost: Mulco & NDDB Sign MoU for Milk Production
Mizoram's milk producers cooperative Mulco and NDDB signed an MoU to strengthen dairy processing and milk production in the state, aiming to address low production levels.
Karnataka Farmers Boycott Govt Paddy Procurement Centre
Farmers in Kushalnagar and Somwarpet taluks avoid govt paddy procurement due to low fixed price, online registration hurdles, and delayed payments, preferring private traders.
PMC Proposes 31 New Vending Zones in Patna with RCC Construction
Patna Municipal Corporation announces plan to build 31 new vending zones across six municipal circles using reinforced cement concrete instead of steel, aiming to streamline street vending and improve urban infrastructure by 2027.
ECR Trains Diverted for Lucknow Railway Maintenance
Over a dozen passenger trains originating from or passing through East Central Railway face diversions on January 23-24 due to non-interlocking work in Lucknow division. Alternative routes arranged.
Vande Bharat Sleeper: Luxury Train Sparks Civic Sense Debate
Indian Railways' new Vande Bharat Sleeper train launched between Howrah and Kamakhya, offering flight-like amenities and regional cuisine, but passenger littering raises civic responsibility questions.
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NAREDCO Seeks Industry Status, Tax Breaks for Real Estate
NAREDCO demands industry status for real estate, higher home loan interest deductions, and revised affordable housing definition in the upcoming Union Budget to boost sector growth.
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