Union Urges Quick Commerce to Scrap 10-Minute Deliveries
A workers' union in Karnataka calls on all quick commerce companies to withdraw 10-minute delivery models, citing concerns over worker welfare and arbitrary ID blocking practices.
Category : Business
KIOCL Gets 2-Year Extension for Devadari Mining Start
The Karnataka government has extended KIOCL's deadline by two years to begin mining operations at the Devadari iron ore block, aiming to boost local industry and economic growth.
Kochi Water Metro Targets Break-Even in 5 Months
Kochi Water Metro plans to achieve break-even within five months as daily ridership climbs to 8,000. New routes and tourist services boost revenue.
India Gets $51 Billion FDI in H1 FY26
India has secured $51 billion in foreign direct investment during the first half of the 2025-26 financial year, according to the latest data from DPIIT.
NZ Delegation Meets Priyank Kharge for Karnataka Tech Ties
A New Zealand delegation met Karnataka Minister Priyank Kharge to explore joint tech collaboration through the state's Global Innovation Alliance platform.
Tax Cuts Create Rs 3 Trillion Revenue Gap, Fail to Boost Consumption
Last year's tax giveaways have not stimulated consumer spending as expected, instead creating a massive Rs 3 trillion hole in government revenue growth, according to analysis.
India's Economic Growth Faces Challenges, Policy Review Needed
India's economic growth is encountering significant setbacks, prompting experts to call for a sober reassessment of policies to address inflation and job creation.
Coal Linkage for Haryana's 800 MW Khedar Unit Approved
The Central government has earmarked a coal linkage for the 800 MW Khedar power unit in Haryana, boosting the state's energy infrastructure and ensuring a stable power supply.
West Bengal to E-Auction 10 Residential Plots in New Town
The West Bengal government allocates 4.7 acres in New Town for residential housing. Ten large plots will be e-auctioned next month to eligible corporate bodies and societies.
Thirumala-Thrikkannapuram Road to Open by Feb 15
After years of delays, the Rs 29.6-crore road widening project in Thiruvananthapuram is finally on track for completion by mid-February, promising improved connectivity and safety.
Bengaluru-Mangaluru Trains Hit by Persistent Delays
Trains on the Bengaluru-coastal Karnataka route are running consistently late, with delays mounting to over 30 minutes. Commuters report disruptions to weekend plans and work schedules.
India-China Trade Deficit Hits Record $116 Billion
India's exports to China rose 9.7% in the latest data, but the trade deficit widened to a record $116 billion, highlighting economic challenges.
Junk Bond Market Thrives Despite Political Shocks, Investors Chase Yield
The risky debt market is booming as investors pour capital into triple C bonds and leveraged loans, ignoring political tremors. Strong consumer spending and expectations of stable rates fuel the hunt for high returns.
US Banks Report Strong Consumer Health Amid Affordability Fears
Major US banks report resilient consumer spending and savings, contradicting widespread affordability concerns. Executives highlight positive economic indicators despite rising delinquencies in some segments.
Saks Real Estate Could Be Key in Bankruptcy Restructuring
Saks Global's prime real estate portfolio could provide crucial leverage with lenders during bankruptcy. The luxury retailer may monetize assets through sale-leaseback deals while navigating vendor challenges.
Gold Hits Record High Amid Global Tensions, Fed Rate Cut Hopes
Gold prices surged to a record high on Wednesday, with silver also climbing, as geopolitical tensions and expectations of Federal Reserve rate cuts drove investors toward safe-haven assets.
Mysuru Becomes Refuge for Bengaluru Millennials Seeking Balance
Young professionals from Bengaluru are moving to Mysuru for cleaner air, less traffic, and better quality of life. The pandemic and improved connectivity have accelerated this shift.
Vizag Adopts Mumbai Model for Bay City and Aerocity Projects
Andhra Pradesh officials visited Mumbai to study CIDCO and MMRDA's self-sustaining development models for implementing Vizag 2.0 and Bay City projects under NITI Aayog's growth hub initiative.
US Ends Swedbank Money-Laundering Probe, No Action
The US Department of Justice closed its investigation into Swedbank AB without enforcement action, marking a major step in concluding a nearly seven-year money-laundering probe. The bank still faces an ongoing investigation by New York regulators.
Karnataka Coffee Planters Hit by Untimely Rains, Harvest Washed Away
Heavy rainfall in Chikkamagaluru and Hassan districts has washed away coffee beans from drying yards, causing significant losses for planters and threatening future crop quality.
Patna Airport to Add 3 Aerobridges, Taxiway by January
Jayprakash Narayan International Airport in Patna will soon have three more aerobridges and a new parallel taxi-track operational, increasing parking bays to 11 and improving flight efficiency.
Jasmine Hits Record Rs 14,000/kg in Madurai Ahead of Pongal
Jasmine bud prices skyrocketed to Rs 10,000-14,000 per kg at Madurai's Mattuthavani market before Pongal, doubling last year's peak. Frost and exports caused shortages, while sugarcane also rose but vegetables dropped.
Patna DM Inspects MMLP and Fintech City Projects
District Magistrate Thiyagarajan S M visited Fatuha to review land acquisition and construction progress for Bihar's first Multi-Modal Logistics Park and Fintech City, directing officials to accelerate work.
Insurance Team Assesses Rourkela Aircraft Crash Damage
An insurance team visited the force landing site near Rourkela to assess damage. Injured passengers remain in critical care, with one on ventilator support.
RBI Proposes Changes to Forex Position Rules
The Reserve Bank of India has proposed amendments to net open position rules for banks, aligning them with Basel standards and simplifying calculations.
JSW Motors to Launch Jetour T2 SUV in India This Year
JSW Motors plans to introduce the Jetour T2 SUV in India this year, marking a significant move in the competitive automotive market. Learn about its features and expected impact.
China Bans Nvidia H200 AI Chips in Trade War
Chinese customs authorities have reportedly banned Nvidia's high-end H200 AI chips from entering the country, escalating the silicon trade war with the US.
Railway Launches Wearable Tea-Coffee Vending Gadget
Waltair division introduces innovative wearable gadget for tea and coffee vending on trains, ensuring hygiene, temperature control and digital payments via QR code.
Indian JV Makes Dual Oil Discoveries in Abu Dhabi Onshore Block
Urja Bharat, an IOCL-BPCL joint venture, finds oil at two wells in Abu Dhabi's Onshore Block 1, marking a significant step toward India's energy self-sufficiency goals.
CII Calls for Green Hydrogen Mandates with Incentives
Industry body CII pushes for clear green hydrogen mandates supported by incentives to boost demand and help India transition to a cleaner industrial economy.
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