Odisha Bureaucrat Cycles to Office to Save Fuel Amid Shortage
In response to PM Modi and CM Majhi's appeal, Ganjam bureaucrat Sweta Kumar Dash cycles to work. Fuel pumps limit sales as shortage hits Berhampur.
Category : Corporate News
Andhra Cabinet Clears Major Investments in Tech, MSMEs, Education
The Andhra Pradesh cabinet approved key proposals including APSMEX for MSMEs, quantum research facility, Reliance AI data center, Royal Enfield unit, and education reforms.
Koraput Farmers Oppose Mandi at Flood-Prone Site
Farmers in Koraput's Chandili panchayat oppose mandi construction at Pipalahandi, citing flood risk and safety concerns. They demand the mandi be set up at Chandili instead.
Indian-Origin Man Gets 5 Years in $125M Fraud Case
Parmjit Parmar, 55, from New Jersey, was sentenced to 5 years in prison and ordered to pay $125 million for orchestrating a scheme that defrauded investors of over $212 million.
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Maharashtra Empanels 84 Firms for Forensic Audits
Maharashtra government empanels 84 firms, including international entities, to assist police in forensic audits for financial irregularities. Firms are categorized by case value, with strict confidentiality agreements.
US Likely to Drop Fraud Charges Against Gautam Adani
US authorities are reportedly moving to end fraud cases against Gautam Adani, with the Justice Department potentially announcing the dismissal as soon as this week.
CBI Court Remands HPGCL Director, Businessman in Scam
A CBI court remanded HPGCL director and a businessman to judicial custody in a Rs 75 crore scam related to Crest Projects, involving alleged irregularities in contract awards.
NHAI Invites Fresh Tenders for NH-44 Balance Works After Default
NHAI has invited fresh EPC tenders for balance works on NH-44 after terminating previous contracts due to contractor delays. The project includes six-laning, flyovers, underpasses, and utility shifting, with an 18-month completion period.
India Caps Gold Imports Under Advance Authorisation at 100 kg
The Indian government has capped gold imports under the Advance Authorisation scheme at 100 kg, tightening conditions for issuance and monitoring.
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IHG and Adani Sign Deal for Five Hotels in India
IHG Hotels & Resorts and Adani Airport Holdings have signed a managed portfolio agreement to develop five hotels across India, including properties in Mangaluru, Navi Mumbai, Thiruvananthapuram, and Jaipur.
Wall Street Hits Record Highs on Nvidia Surge
Wall Street extended its rally with S&P 500 and Nasdaq hitting intraday records, led by Nvidia's 3% gain after US cleared Chinese firms to buy its AI chips.
SIA net profit drops 57.4% to SGD 1.18 billion in FY26
Singapore Airlines Group reported a 57.4% decline in net profit to SGD 1.184 billion for FY26, impacted by Air India losses and absence of a one-time gain from the Air India-Vistara merger.
Air India Posts $2.8 Billion Annual Loss
Air India has posted an annual loss of $2.8 billion, according to Singapore Airlines' financial results. The loss highlights the ongoing challenges faced by the airline.
RBI Cancels Registration of 150 NBFCs, Delhi and West Bengal Hit
The Reserve Bank of India has cancelled the registration of 150 Non-Banking Financial Companies (NBFCs), with about 67 from Delhi and 75 from West Bengal, citing regulatory non-compliance.
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Singapore Airlines Stays Committed to Air India Despite Losses
Singapore Airlines (SIA) reaffirms commitment to Air India despite a $1.59 billion net profit drop, citing long-term strategy and operational improvements in the Indian carrier.
Country Club Expands Growth via Franchise Model with Amrutha Castle
Country Club India expands its franchise model, highlighting the Amrutha Castle story of humanity and hospitality, aiming for future growth and broader impact beyond traditional hospitality.
Adani Airport Holdings Partners IHG for 5 Hotels with 1,500 Keys
Adani Airport Holdings Ltd has partnered with IHG Hotels & Resorts to develop five hotels with about 1,500 keys in Jaipur, Mangaluru, Thiruvananthapuram, and Mumbai Metropolitan Region, introducing Kimpton brand to India.
UAE job change rules clarified, one-year ban for violations
The UAE Ministry of Human Resources and Emiratisation clarified when employees can switch jobs after contract end, warning that violations like unauthorized absence may lead to a one-year work permit ban.
Carlos Slim's Austerity Principle: Thriving in Good Times
Billionaire Carlos Slim advocates restraint during economic booms to build resilience. His principle of austerity in good times helps companies avoid harsh adjustments in crises, focusing on waste prevention and financial reserves.
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RBI Schedules Rs 32,000 Crore G-Sec Underwriting Auction
The Reserve Bank of India has scheduled an underwriting auction for government securities worth Rs 32,000 crore on May 15. This move aims to manage the government's borrowing program and ensure smooth market operations.
Sky Blue Cinematix & Aspin Holding: FC Barcelona Brand in India
Sky Blue Cinematix has entered a strategic alliance with UAE's Aspin Holding to manage FC Barcelona brand engagement in India, enhancing sports marketing and fan experiences.
AIFF Studies ISL Clubs' Commercial Rights Proposal
The AIFF is reviewing a proposal from 13 ISL clubs to retain commercialisation responsibilities, excluding East Bengal, with a governance model and reduced payment terms.
BriSec CCI Appoints Singh as Co-Chairman, Anu as Vice Chairman
BriSec Chamber of Commerce and Industry (BriSec CCI) has appointed Mr. Ashok Kumar Singh as Co-Chairman and Mr. Anand Anu as Vice Chairman to strengthen its leadership.
CEOs Share Millions with Employees in Billion-Dollar Deals
In two separate billion-dollar deals, CEOs Graham Walker and Bill Phelps ensured employees received substantial shares, sparking discussions on corporate loyalty and reward.
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TSMC Issues $584M Green Bonds for Environment
Taiwan Semiconductor Manufacturing Company (TSMC) plans to issue $584 million in green bonds to fund environmental projects, including renewable energy and pollution reduction.
Wholesale Inflation at 42-Month High of 8.3% in April
India's wholesale inflation surged to 8.3% in April 2026, a 42-month high, driven by a sharp rise in crude petroleum and natural gas prices.
India Hikes Gold Import Duty to 15% to Shield Forex Reserves
India raises gold and silver import duty from 6% to 15% to curb imports and protect foreign exchange reserves amid economic strain. The move aims to reduce pressure on the current account deficit.
Galgotias University Wins Blue Chip Partner Award from LT Edutech
Galgotias University has been honored with the Blue Chip Partner Award by LT Edutech at Nexus 2026, recognizing its excellence in education and collaboration.
Gold Duty Hike May Raise Prices, Fuel Grey Markets: SBI
A recent SBI report warns that the hike in gold import duty could increase domestic prices and divert supplies to grey markets, impacting the formal economy and consumers.
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IKS Health FY26 Results: 20% Revenue Growth, 48% Profit Surge
Inventurus Knowledge Solutions (IKS Health) announced robust FY26 financial results, with a 20% increase in revenue and a 48% surge in profit after tax, driven by strong operational performance.
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