Budget 2026: Defence Gets Rs 7.85 Lakh Crore, 15% Hike
Finance Minister Nirmala Sitharaman allocates Rs 7.85 lakh crore to defence in Budget 2026, marking a significant 15% increase from the previous year's allocation.
Category : Corporate News
Oracle's $300B OpenAI Deal Sparks Major Layoff Plans
Oracle reportedly plans 20,000-30,000 job cuts to fund its expensive AI data center expansion for OpenAI, facing $100B+ debt and US bank financing challenges.
Budget 2026: Rs 4,000 Crore Boost for Self Reliant India Fund
In the Union Budget 2026, the government has proposed an additional Rs 4,000 crore infusion into the Self Reliant India Fund to support MSMEs, building on the initial Rs 50,000 crore equity funding announced in 2023 for growth-oriented small businesses.
Budget 2026: ₹4,000 Crore for MSME Fund, Textile Revival Plan
Finance Minister Nirmala Sitharaman announces ₹4,000 crore additional infusion into Self-Reliant India Fund for MSMEs, introduces comprehensive textile sector revival package with five schemes, and mandates TReDS for CPSU purchases.
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Budget 2026: 15 Stocks to Benefit from CIE Manufacturing Scheme
Finance Minister Nirmala Sitharaman's Union Budget 2026 introduces a scheme to boost domestic construction equipment manufacturing, benefiting capital goods and infrastructure stocks.
President Murmu's Dahi-Cheeni Gesture for FM Sitharaman Pre-Budget
President Droupadi Murmu offered dahi and cheeni to Finance Minister Nirmala Sitharaman in a traditional ceremony ahead of the Union Budget 2026 presentation, symbolizing good luck and a sweet start.
Commercial LPG Cylinder Prices Hiked by Rs 49 from Feb 1
The price of commercial LPG cylinders has been increased by Rs 49 across India, effective February 1. Check the updated rates for major cities including Delhi, Mumbai, Chennai, and Kolkata.
MP Industries Pin Hopes on Budget 2026 for Growth Boost
Industries across Madhya Pradesh anticipate Budget 2026 to enhance competitiveness through PLI expansion, industrial parks, skill development, and faster subsidy disbursals.
Gold, Silver Prices Tumble: Silver Down 19%, Gold Slips 2%
Gold and silver prices witnessed significant declines on February 1, 2026, with silver plunging nearly 19% and gold falling over 2% due to profit booking amid a stronger US dollar.
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MP Industries Await Budget 2026 for Industrial Boost
Industries across Madhya Pradesh anticipate Union Budget 2026-27 to bring policy measures for industrial parks, PLI scheme expansion, skill development, and timely subsidy disbursals to enhance competitiveness.
Confident Group MD CJ Roy Found Dead in Locked Office Cabin
CJ Roy, Managing Director of Confident Group, was discovered deceased inside his locked office cabin at the company's Bengaluru headquarters. MD Joseph has filed a police complaint demanding a thorough investigation into the mysterious death.
Pramit Jhaveri Leaves Dorabji Tata Trust
Former Citibank India CEO Pramit Jhaveri will not seek reappointment as trustee of Sir Dorabji Tata Trust, marking another exit amid ongoing consolidation within Tata Trusts under Chairman Noel Tata.
Bob Iger to Step Down as Disney CEO: Report
Walt Disney CEO Bob Iger reportedly plans to step down and withdraw from day-to-day management before his contract expires in December. Disney's board is expected to meet next week to vote on his successor.
Adani Agrees to Accept SEC Notice in US Fraud Case
Gautam Adani and nephew Sagar Adani have agreed to receive SEC legal notice in civil fraud lawsuit alleging misleading investors about bribery scheme. Joint application awaits court approval.
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Three Days as a Gig Worker: Food Delivery Realities
A first-hand account of working as a delivery partner in Chennai reveals the intense pressure, algorithmic control, and systemic challenges faced by gig workers in India's food delivery industry.
Cmde Girideep Singh Retires, Capt Ganti Venkateswarlu New HSL CMD
Cmde Girideep Singh superannuated as HSL chairman and managing director after 6 months. Capt Ganti Venkateswarlu assumes additional charge as CMD, bringing over 25 years of naval experience.
Ex-Cachar Paper Mill Worker Dies, 133 Deaths Since Assam Closures
Tapan Kumar Dey, a former employee of the closed Cachar Paper Mill, passed away at Silchar Medical College. The death toll among ex-workers reaches 133 as union leaders highlight unpaid salaries and inadequate government assistance.
Karnataka Minister Reports 46 Engagements at Davos WEF
Industries Minister MB Patil announced 46 bilateral meetings at Davos WEF with global and Indian companies, focusing on investment pipeline without signing MoUs to encourage site visits to Karnataka.
Ritesh Agarwal Shares Humorous Reel, Talks Shark Tank Experience
OYO CEO Ritesh Agarwal addresses perceptions of his serious TV demeanor with a behind-the-scenes reel from Shark Tank India, revealing his curious nature and love for humor while discussing his entrepreneurial journey.
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GAIL Q3 Net Profit Drops 57.6%, Dividend Announced
GAIL reports a significant 57.6% decline in Q3 FY26 net profit to ₹1,729.13 crore. The Maharatna PSU declares a 50% interim dividend of ₹5 per share for shareholders.
Mitsu Chem Plast Q3 EBITDA Up 73%, Net Profit Soars 217%
Mitsu Chem Plast Limited reports strong Q3 FY26 performance with a 73% rise in EBITDA and a 217% increase in net profit year-on-year, driven by strategic growth initiatives.
IBBI Chief Calls for Less Compliance, Same Regulatory Power
IBBI Chairperson Ravi Mital emphasizes reducing compliance requirements without weakening regulations, highlighting corporate governance at a WOFA event with Sebi and NFRA chiefs.
Burry Calls Musk 'American Treasure' But Warns Future Is Far Off
Famed investor Michael Burry hails Elon Musk as an 'American treasure' while cautioning that his ambitious future projects like Mars colonization and robotaxis are decades away from reality.
BMS Refuses to Join Feb 12 General Strike, Calls It Political
The RSS-affiliated Bharatiya Mazdoor Sangh (BMS) has announced it will not participate in the nationwide general strike called by trade unions on February 12, 2026, describing the agitation as politically motivated.
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QnA Marcom Opens Mumbai Office to Boost APAC Presence
QnA Marcom and Events, a leading integrated marketing communications agency, has strategically launched its new office in Mumbai, India, to strengthen its Asia-Pacific (APAC) presence and tap into the region's growing market opportunities.
GM Modular Hosts 'Border 2' Screening for CISF & Architects
GM Modular organized an exclusive screening of the film 'Border 2' in Mumbai, bringing together CISF jawans and architects for a unique event celebrating security and design.
Thyrocare Founder: How Railway Platform Made Him Scientist
Dr A Velumani, founder of Thyrocare, reveals how studying on a railway platform with Rs 7 train pass during student years built foundation for his Rs 5,000 crore diagnostics empire through discipline and frugality.
Pramit Jhaveri Exits Tata Trust as Governance Discord Deepens
Pramit Jhaveri, former Citibank India CEO, will not seek reappointment to Sir Dorab Tata Trust when his term ends on February 11, 2026, highlighting ongoing disagreements among trustees following Noel Tata's leadership.
Sun Pharma Q3 Profit Up 16% to ₹3,369 Cr, Beats Estimates
Sun Pharmaceutical Industries reported a 16% rise in Q3FY26 net profit to ₹3,369 crore, surpassing analyst expectations. Revenue grew 15.1% to ₹15,469 crore, driven by strong performance in India and global innovative medicines.
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FMCG Sector's Budget 2026 Expectations: GST, Rural Focus
India's FMCG industry anticipates Budget 2026 to address GST inverted duty structures, boost rural disposable income, and support MSMEs, with experts highlighting consumption revival needs amid fiscal constraints.
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