Russia's Sberbank to open 10 branches in India, invest in bonds
Russia's largest lender Sberbank announces major India expansion: 10 new branches, investing surplus rupees in govt bonds & Nifty. CEO Herman Gref reveals plans. Read more.
Category : Business
BAT Sells 7% ITC Hotels Stake Worth Rs 3,000 Crore
British American Tobacco plans to sell a 7% stake in ITC Hotels this Friday, valued at Rs 3,000 crore, as part of its strategy to exit non-core holdings. Read the full details of the deal.
Australian shares fall as bank stocks weigh; tech rallies
Australian shares edged lower on Friday, pressured by financials amid rate hike fears. Tech stocks rallied, led by NEXTDC's 10.9% surge after its OpenAI partnership. Get the latest market insights.
Brokers Body ANMI Asks Sebi to Relaunch Bank Nifty Weekly Options
ANMI, India's top stock brokers' body, has written to Sebi seeking the return of Bank Nifty weekly options. The ban since Nov 2024 has hit trading volumes, caused job losses, and reduced government tax revenue.
Markets Cautious Ahead of RBI Decision; Rupee at All-Time Low
Indian stock markets closed with modest gains as investors awaited the RBI's repo rate decision. The rupee fell past 90 per USD, hitting a record low. Get the full market outlook and expert stock picks.
Byju's Offshore Firm Puts Aakash ₹250-Cr Rights Issue in Legal Jeopardy
Byju Raveendran's Singapore entity Beeaar Investco's role in Aakash's rights issue faces legal scrutiny amid QIA's $235M arbitration award. Experts warn of enforcement risk despite separate legal status. Read the full analysis.
RBI MPC Meeting: 5 Key Things to Watch on December 5
As the RBI MPC meets on December 5, markets are split on a rate cut. Track the policy outcome, GDP surge, inflation comfort, liquidity measures, and rupee protection. Get the full analysis.
India's $59 Billion Trade Deficit with Russia Needs Balancing: Goyal
Commerce Minister Piyush Goyal calls for diversifying trade with Russia to address a skewed $59 billion deficit. Explore the details and future steps for bilateral trade balance.
Rupee Recovers to 89.98 After Hitting 90.42 Intraday
The Indian rupee halted a six-session slide, closing at 89.98 against the US dollar. Foreign bank dollar sales aided recovery, but pressure persists ahead of RBI's policy decision.
Amadea Firm Seeks Rs 21 Crore Stamp Duty Exemption
Amadea Enterprises LLP, linked to Ajit Pawar's son, argued for stamp duty exemption in the Mundhwa land deal. The registration department's final order is expected in 5-6 days. Read the latest developments.
Bengaluru's Water EMI Scheme Extended to Commercial Establishments
BWSSB expands its Sarala Cauvery EMI plan to commercial properties, aiming to boost piped water connections. Over 25,000 residential users have already enrolled, and the 5th Stage project is halfway to its 2028 goal.
AI Startups Dominate IIT Placements with High Salaries
AI startups are leading IIT placements with offers up to ₹2.6 crore, far outpacing traditional firms. However, they hire in much smaller numbers. Discover the new hiring trend.
Sebi seizes Rs 546 crore from stock influencer Avadhut Sathe
Sebi cracks down on Avadhut Sathe Trading Academy, impounding Rs 546.2 crore for unregistered investment advice. Nearly 3.4 lakh investors affected. Read the full details.
IndiGo's Crew Planning Gap Causes Major Flight Disruptions
IndiGo admits grossly underestimating pilot needs under new rules, causing widespread cancellations. DGCA steps in as airline promises stable ops by Feb 10, 2026. Read the full story.
RBI Expands Free Services for Zero-Balance BSBD Accounts
RBI mandates banks to offer ATM cards, cheque books & unlimited deposits in BSBD accounts. Existing customers can now switch. Discover the new banking freedom.
HDBRTS bus shelter at Hosur Cross to be removed for flyover
Hubballi's key HDBRTS bus shelter at Hosur Cross faces removal for a new flyover, raising concerns over commuter disruption and revenue loss. Officials seek alternatives.
Bain, Recognize Acquire HealthEdge in Multi-Billion Dollar Deal
Bain Capital partners with Francisco D'Souza's Recognize to acquire US healthcare software giant HealthEdge for ~$2.6B. A strategic move echoing D'Souza's landmark TriZetto play at Cognizant. Read the full analysis.
IndiGo cancels 300 flights, disruptions may continue
IndiGo cancels nearly 300 flights, admits grossly underestimating pilot needs under new rules. DGCA monitoring; normalcy expected by Feb 10, 2026. Read details.
LDA to Extend Lucknow's Green Corridor by 7km
Lucknow Development Authority plans a 7km extension of the green corridor to Naimishnagar, easing traffic and cutting travel time. A Rs 200 crore project set to reshape city connectivity.
Karnataka targets $150 bn in electronics manufacturing
Karnataka sets ambitious $150 billion target for electronics manufacturing investment. State Minister M B Patil reveals 17 proposals worth Rs 7,172 crore cleared until November 2025. Read more.
Karnataka Targets $150 Billion in Electronics Investment
Karnataka sets ambitious $150 billion electronics manufacturing goal. State Minister M B Patil reveals 17 proposals worth Rs 7,172 crore already cleared. Explore the state's investment push.
Porter Drivers Union Writes to Labour Minister Over Exploitation
Telangana gig workers union demands urgent action from minister G Vivek over falling payouts, arbitrary account blocking, and safety issues at logistics platform Porter. Read their key demands.
Ultraviolette raises $45M in Series E funding round
Bengaluru's Ultraviolette Automotive raises $45 million from Zoho Corp and Lingotto to accelerate growth and expand electric motorcycle production. Read more.
Bronx Affordable Housing Project Files Chapter 11 Bankruptcy
Dynamic Star LLC, owner of Bronx's Fordham Landing, files Chapter 11 to halt foreclosure. $55M state funding for 900 affordable units now under review. Read the latest on this major NYC housing development.
Kochi's 5 Bridge Projects to Begin, Easing Travel
Kochi's infrastructure gets a major upgrade as work on five crucial bridges, including Kumbalam-Thevara and Vaduthala ROB, is set to start soon, promising to cut travel time and reduce congestion.
Supreme Court Approves Revival of Noida Sports City Project
Supreme Court clears revival plan for Lotus Greens' stalled Sports City in Noida Sector 150, offering relief to 20,000 homebuyers. Work to resume after 3-year halt with new payment schedule.
Russia Seeks Indian Fishery, Meat Products & Tech Tie-Ups
Russia signals readiness to import Indian fishery & meat products, proposes joint trout market development. Talks held on sidelines of India-Russia Annual Summit in Delhi.
Bengaluru is India's Ethereum Capital: Report
A new report reveals Bengaluru is India's Web3 hub with 241 Ethereum-based startups. Discover how the city leads in blockchain talent and innovation.
Amritsar MC Partially Demolishes Three Illegal Buildings
Amritsar Municipal Corporation takes action against illegal construction, partially demolishing three buildings in Guru Nanak Pura. Details on the crackdown and future plans.
Apple appoints Meta's Jennifer Newstead as general counsel
Apple taps former Meta legal chief Jennifer Newstead as its new general counsel, a key hire from a rival amid ongoing executive changes. She starts as SVP next month.
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