Nagpur GST Fraud: ₹25 Lakh Scam via Fake ITC Claims
Nagpur police book three for allegedly defrauding govt of ₹25 lakh via fraudulent GST input tax credit claims using fake documents. Details of the case under BNS & MGST Act inside.
Category : Business
Nodal Committee to Accelerate Amravati PM MITRA Park Phase 2
Maharashtra MIDC appoints a nodal committee to oversee the ₹1,492 crore PM MITRA Textile Park's second phase in Amravati, targeting 2 lakh jobs. Read the full story.
GLADA razes 3 illegal colonies, recommends FIRs
GLADA demolishes three illegal colonies in Ludhiana's Mundian Kalan, Sekhewal & Kanganwal. FIRs recommended against developers for fraud. Details on the crackdown here.
Sachin Tendulkar Buys Stake in Hyderabad Solar Firm
Cricket icon Sachin Tendulkar invests Rs 3.6 crore for a 2% stake in Hyderabad-based solar EPC company Suntek Energy Systems (TRUZON Solar). Discover his growing investment portfolio in the city.
Hydraa reclaims Rs 2,505 crore land in Hyderabad
Hyderabad's Hydraa agency recovers prime public land worth over Rs 2,505 crore from encroachers in Neknampur and Ameenpur. Residents urge development as green zones.
Ellison's $40bn Guarantee for Paramount's Warner Bros Bid
Oracle's Larry Ellison personally backs $40bn for his son's Paramount Skydance hostile takeover of Warner Bros Discovery. Will this move silence funding doubts? Read more.
Saks Considers Bankruptcy Ahead of $100M Payment
Saks Global Enterprises is exploring Chapter 11 bankruptcy as a last resort before a crucial $100 million debt payment due Dec 30. The luxury retailer's turnaround plan has faltered. Read more.
Hyderabad Real Estate: Luxury Boom Kills Affordability
Hyderabad's real estate sees 85% price surge since 2020. With Rs 100-crore land deals and 70-floor skyscrapers, the city loses its affordable tag. Experts warn of a crisis for middle-class homebuyers. Read more.
US Backs India's SHANTI Nuclear Bill for Energy Security
The US welcomes India's SHANTI Bill 2025, calling it a step towards stronger energy security ties and opening civil nuclear sector to private players. Read more.
Gujarat Dyes Industry Sees Demand Revival Post-Diwali
Gujarat's dyes and chemicals sector sees capacity utilisation rise to 55-60% as global supply chains improve. Industry leaders cite better textile demand and a competitive rupee. Read more.
India, New Zealand Conclude Free Trade Agreement Deal
India and New Zealand finalise a landmark Free Trade Agreement, eliminating duties on most goods and simplifying mobility norms. Discover the key outcomes and economic impact.
STP Delay Costs KSRTC Aluva Terminal Commercial Revenue
The incomplete sewage treatment plant at Aluva's new KSRTC terminal prevents shop rentals, causing financial losses. Read how the delay impacts the Rs 8.64 crore facility.
FlexShopper Files for Bankruptcy After CEO Fraud Probe
Lease-to-own firm FlexShopper files for Chapter 11 bankruptcy with over $100M liabilities. Read about the CEO fraud scandal and the planned sale to Snap Finance.
Auda Expands Transit Oriented Zone to 10 Major Roads
Ahmedabad Urban Development Authority approves TOZ benefits for 4,604 hectares along 10 roads, offering FSI of 4.0. Plan awaits state government nod. Read details.
Shiv Residency Residents Return After SMC, SVNIT Safety Clearance
Residents of Surat's Shiv Residency return home after SVNIT declares towers safe post-retention wall collapse. SMC bore costs for independent safety tests. Read the full story.
Jim Beam Pauses Distillery Production for a Year
Jim Beam suspends bourbon making at its Clermont distillery in 2026. The pause, driven by tariffs and shifting demand, allows for upgrades while reassigning staff. Explore the challenges facing the US whiskey industry.
Surat Gas Supply Cut to 1,200 Homes After Pipeline Damage
Gas supply to 1,200 households in Surat's Bharimata area disrupted after OFC work damages pipeline. Waterlogging hampers repairs. Residents face hardship.
Surat Fire Destroys Godadara Warehouses, Safety Questioned
A massive fire gutted furniture and garment warehouses in Surat's Godadara, raising serious questions about fire safety norms and municipal oversight. Read the full report on the incident and its implications.
MUFG Buys 20% Stake in Shriram Finance for Rs 3,961.8 Cr
Japan's Mitsubishi UFJ Financial Group (MUFG) invests Rs 3,961.8 crore for a 20% stake in Shriram Finance. Deal to strengthen capital base and expand financial services in India.
Gujarat 2nd in Equity MF AUM, SIPs Drive Growth
Gujarat climbs to #2 in equity mutual fund assets, fueled by SIP adoption in semi-urban & rural areas. AUM hits Rs 3.66 lakh crore, beating Karnataka. Discover the shift in investor mindset.
Core Sector Output Grows 1.8% in November 2025
India's core sector output grew 1.8% in November 2025, rebounding from October's contraction. However, energy-linked segments like crude oil production saw a decline. Get the full analysis.
India to Restart Canada FTA Talks, US Negotiations Advanced
India will soon begin discussions on the terms of reference for a free trade agreement with Canada, reviving paused talks. Commerce Minister Piyush Goyal also noted significant progress in negotiations with the United States.
India-New Zealand FTA Concluded, Aims to Double Trade
India and New Zealand finalize a landmark free trade agreement, targeting a doubling of bilateral trade within five years and offering new opportunities for Indian exporters and professionals.
Sugar Cane Flowering Threatens Yield in Maharashtra
Maharashtra farmers face losses as premature flowering in sugar cane reduces weight & sugar content. Experts blame erratic weather & delayed crushing season. Details inside.
RBI Sells $11.9B in Oct to Support Rupee
RBI intervenes heavily in forex markets, selling a net $11.9 billion in October 2025 to stabilise the rupee. Data reveals a strategic mix of spot and forward sales to manage volatility. Read the full analysis.
RBI: Strong Domestic Demand Drives Robust Economic Growth
RBI's November report highlights robust economic activity and benign inflation, providing policy space for growth. Discover how India's economy is navigating global uncertainties.
Gold, Silver Prices Skyrocket to New All-Time Highs
Gold and silver prices surged to unprecedented levels in domestic and international markets. MCX gold futures hit ₹1,36,646/10gm. Experts cite Fed liquidity and geopolitical tensions. Read more.
India's FDI Jumps 15.4% to $58.3 Billion
India's gross FDI inflows rose 15.4% to $58.3 billion from April to October, with net inflows nearly doubling. Discover the key sectors and trends shaping foreign investment. Read the full analysis.
Sensex Jumps 638 Pts, Nifty Up 206; Rupee Stability Aids Rally
Sensex rallied 638 points led by Infosys & Bharti Airtel, nearing its all-time high. Nifty gained 206 points. The rupee's stability against the dollar boosted investor sentiment. Read more.
New Rail Line Demand for Sambhajinagar-Dharashiv Route
Industry leaders and activists demand progress on the 240km Sambhajinagar-Dharashiv rail line. The project promises to boost industry, tourism, and regional development in Marathwada.
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