Ultraviolette Secures $45M in Series E Funding Round
Bengaluru's Ultraviolette raises $45 million from Zoho and Lingotto to boost production of its F77 and X-47 electric bikes and expand to 100 Indian cities by 2026. Read more.
Category : Business
BPS-2025 in Vijayawada Sees Poor Response from Property Owners
Vijayawada's Building Penalisation Scheme 2025 sees weak response with only 160 applications. Officials target 700 unauthorised structures for revenue. Read more on the regularisation drive.
Finternet, India's Next Big DPI, Launching Next Year
Finternet, India's next major digital public infrastructure, will debut in capital markets in 2025. Backed by Nandan Nilekani, it aims to unify tokenised assets globally. Read more.
DRI: Crypto Used in Smuggling, Needs Stronger Regulation
DRI's 2024-25 report reveals a sharp rise in using crypto like USDT for smuggling & money laundering. It demands global cooperation & advanced tools to curb misuse. Read more.
IndiGo to Reduce Flights from Dec 8 Amid Major Disruptions
IndiGo admits planning failures, will cut flights from December 8 after widespread cancellations. Ministry expresses displeasure. Details on the operational crisis inside.
IndiGo Cuts Flights After Major Disruptions, DGCA Steps In
IndiGo faces massive flight cancellations, admits misjudgment in crew scheduling norms. CEO apologises, regulator DGCA orders strict monitoring. Full normalcy expected by Feb 2026.
US Lifts Some Lukoil Restrictions, India's Russian Oil Imports Dip
The US has granted a temporary exemption for Lukoil-branded fuel stations outside Russia until April 2026. This move comes as Indian refiners cut purchases of sanctioned Russian crude, with imports expected to plummet.
VinFast doubles India investment to Rs 9,000 crore
VinFast doubles its investment in India to $1 billion, expanding its Tamil Nadu plant to manufacture electric buses and scooters, boosting local jobs and green mobility.
Brigade Acquires Prime Hyderabad Land for ₹477 Crore
Brigade Enterprises expands in Hyderabad, acquiring 4.04 acres in Neopolis Phase 3 for ₹118 crore per acre. The deal strengthens its strategic focus on the city's high-growth corridor.
Indigo Expects Stable Flight Ops by Feb 10, 2025
IndiGo anticipates full restoration of stable flight operations by February 10, 2025, following recent disruptions. The airline is actively managing crew schedules and fleet to minimize passenger impact.
RBI's New Rules for Foreign Bank Exposures
RBI mandates stricter exposure caps for foreign banks' overseas branches, effective April 2026. New rules aim to curb concentration risk and align with global standards. Read the full details.
Health Insurance Now Consumption-First: Policybazaar Report
A new report reveals India's health insurance shift towards real-time use policies. Maternity cover adoption soars 150-180%, OPD sees 40% utilisation. Discover the new trends.
ISMA Pushes for Ethanol Exports Citing Surplus Capacity
India achieves 20% ethanol blending in petrol. ISMA now advocates for exports and a 30% blending target. Explore the industry's push for new markets.
Railway Projects Accelerated in Chhattisgarh's Ambikapur Region
Centre fast-tracks new railway lines in Ambikapur, Chhattisgarh. Track commissioning surged 15 times post-2014. Get the latest updates on connectivity projects.
Australia's Minerals Key to India's Manufacturing: Hill
Australia's vast lithium, copper, nickel, and cobalt reserves are fueling India's renewable energy and clean mobility goals. Bilateral trade has doubled in five years, with new agreements on the horizon.
IndiGo flight delays, cancellations cause nationwide chaos
IndiGo passengers face major disruptions as flights are delayed or cancelled across India. The airline apologises, citing a 'significantly disrupted' network. Details on affected routes from Chandigarh.
Russia's Sberbank to Invest in Indian Capital Markets
Russia's largest bank, Sberbank, announces major India push: investing in govt securities, enabling Nifty50 access for Russian retail investors, and expanding operations. CEO Herman Gref reveals plans during Putin's Delhi visit.
Paramount Challenges WBD Sale Process, Cites Netflix Favouritism
Paramount Skydance formally questions the fairness of Warner Bros. Discovery's asset sale, alleging bias towards Netflix's bid. Read the full details of the corporate clash.
Embassy REIT Fortifies Bengaluru Leadership with New Buy
Embassy Office Parks REIT acquires a prime 0.3 million sq ft office property in Bengaluru's Embassy GolfLinks for Rs 8,520 million. The 100% leased, DPU-accretive deal strengthens its hold in India's office capital. Read more.
Paramount's $5B Breakup Fee in Warner Bros Bid Battle
Paramount Skydance hikes its breakup fee to $5 billion to acquire Warner Bros Discovery, signaling confidence against Netflix and Comcast. The winner could be chosen in weeks.
Japanese Steel Giant Aichi to Invest Rs 500 Cr in Punjab
Japanese steel major Aichi Steel, Toyota's steel arm, expands collaboration with Vardhman Special Steels in Punjab with a Rs 500 crore investment plan. CM Bhagwant Mann invites investors to the 2026 Progressive Punjab Summit.
Mumbai EOW books firm for Rs 31.2 crore fraud
Mumbai police's EOW registers a case against a real estate company and its directors for allegedly cheating investors of Rs 31.26 crore with promises of high returns. Read the full details.
Subros wins ₹52.18 cr Railways HVAC maintenance contract
Subros lands a major ₹52.18 crore AMC order from Indian Railways for cab HVAC units, boosting its FY25 railway segment order book to ₹86.35 crore. Details inside.
IndiGo to reduce flights from Dec 8 after major disruptions
IndiGo admits misjudgment led to over 300 flight disruptions. Airline to cut operations from December 8, aims for normalcy by Feb 2026. Full details inside.
Intel scraps plan to sell NEX stake, keeps it internal
Intel abandons plans to spin off its Networking and Edge Group (NEX). The chip giant says the unit is now best positioned to succeed internally, ending talks with Ericsson. Read more.
ELSS vs Index Funds: Which is Better for Long-Term Wealth?
Choosing between ELSS and Index Funds? Compare AUM, tax benefits, and expert advice from Preeti Zende & Nilesh Naik for your long-term wealth creation strategy in India.
Silver HUID Mandate Sees 1.6M Hallmarks in 3 Months
India's mandatory HUID for silver sees massive uptake with 1.6M pieces hallmarked. Southern region leads. Verify purity via BIS CARE app. Boost for consumer trust.
India-Russia Trade Hits $65B, Goyal Seeks Balance
Ahead of Putin's Delhi visit, Commerce Minister Piyush Goyal calls for a more balanced trade relationship with Russia, aiming to boost exports in automobiles, electronics, and services. #IndiaRussiaTrade
Rupee May Hit 91.50/Dollar in 3 Months: Experts
The Indian rupee could weaken to around ₹91.50 per US dollar in the next quarter, say analysts. Key factors include heavy foreign outflows, a widening trade deficit, and bearish technical charts. Read the full analysis.
Indigo Cancellations Continue, DGCA to Monitor Airfares
IndiGo informs DGCA of ongoing flight disruptions for 2-3 more days. Aviation regulator to closely monitor airfare hikes amid cancellations. Details inside.
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