Mcleod Russell Settles Rs 150 Crore with JC Flowers ARC
Mcleod Russell India accepts a Rs 150 crore one-time settlement with JC Flowers ARC, representing 20.6% of institutional loans, as part of debt restructuring.
Category : Industry
AIESL Crisis: 180 Technicians Resign, Work Stalled at MRO Depots
Air India Engineering Services faces a manpower crisis as 180 technicians resign and others shun work at MRO depots across India, impacting operations in Nagpur, Hyderabad, Delhi, Trivandrum, Mumbai, and Kolkata.
Tamil Nadu MSMEs Seek Tariff Cut, Tax Relief from TVK Govt
Industrial bodies in Tamil Nadu urge the new TVK government to reduce electricity tariffs and introduce tax relief measures to revive the struggling MSME sector, citing mounting operational costs.
Textile Sector Welcomes ECLGS 5.0, Urges Cotton Duty Removal
Textile exporters and research bodies thank the Union government for extending the ECLGS scheme and launching ECLGS 5.0, highlighting crucial support for the sector, while urging withdrawal of the 11% cotton duty.
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KJS India's ₹651 Crore Unit Foundation Laid in Telangana
Telangana IT and industries minister Duddilla Sridhar Babu laid the foundation for KJS India's Unit 2 in Sangareddy district, a ₹651 crore investment creating 1,551 direct jobs and 5,000 indirect jobs.
Gurgaon Needs Rs 3,499 Crore for Infrastructure Upgrade
Gurgaon requires nearly Rs 3,499 crore over five years to upgrade infrastructure amid rapid population growth, with focus on sewerage, water supply, and roads.
Gujarat Approves Shipbuilding Policy 2026 with 50 Lakh DWT Target
Gujarat government approves Shipbuilding and Repair Policy 2026, aiming for 50 lakh DWT capacity by 2047, with new clusters in Kutch and Porbandar, incentives like interest subvention and capital assistance.
Gadkari: Sugar industry must diversify into energy or face tough future
Union Minister Nitin Gadkari stated that the sugar industry's future is grim unless mills diversify into energy production, urging a shift to ethanol, isobutanol, and green hydrogen.
Three Firecracker Factories Sealed in Indore After Dewas Blast
Following a deadly blast at a firecracker factory in Dewas, Indore district officials sealed three factories and intensified safety inspections at hazardous units amid soaring temperatures.
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Summer Power Tripping Disrupts Indore Industries
Indore industries face frequent power tripping and voltage fluctuations due to rising summer electricity demand, disrupting production and increasing costs.
RERC Disposes Review on 3200 MW Thermal Power
The Rajasthan Electricity Regulatory Commission disposed of a review petition on a 3200 MW thermal power project without direct approval, directing discoms to assess optimal mix up to 4440 MW.
Diesel Crisis Hits Chromite Mining in Odisha's Sukinda Valley
Chromite mining in Odisha's Sukinda Valley faces a crisis due to diesel shortage amid West Asia tensions, impacting 10,000 workers. Daily diesel supply halved, forcing mines to scale down operations.
Pharma Firm Employees Strike Over Salary Issues in Haridwar
Employees of a major pharmaceutical company in Haridwar's SIDCUL went on strike over salary discrepancies and other concerns. Similar protests occurred at two electrical units, disrupting production.
APSRTC employees union warns against privatisation via electric buses
APSRTC employees' union warns the state government against alleged moves to privatise the corporation by introducing electric buses, threatening united protests across Andhra Pradesh.
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West Godavari Circular Economy Blueprint for Rural Industry
West Godavari district collector Chadalavada Nagarani launched a Circular Economy Blueprint to convert agricultural residue, seafood waste, and livestock manure into commercial products, aiming to boost rural employment and industrial growth in Andhra Pra
Centre allocates Rs 37,500 crore for coal gasification
Union minister Satish Chandra Dubey announced Rs 37,500 crore for coal gasification to boost gas, fertilizers, and chemicals production, aiming for self-reliance. He also said 147 non-functional coal blocks will be shut and land restored.
ITC Hotels Q4 Revenue Up 18% to Rs 1,254 Crore, Net Profit Rises 22%
ITC Hotels reported Q4 FY26 revenue of Rs 1,254 crore (up 18% YoY) and net profit of Rs 314 crore (up 22% YoY). Full-year revenue rose 16% to Rs 4,139 crore, net profit up 39% to Rs 888 crore.
Cellecor FY25 Revenue INR 129 Cr, Profit Up 28%
Cellecor Gadgets reported INR 129.2 crore revenue and 28% profit growth in FY25, driven by retail expansion and product diversification. The company added 50 new stores.
India Forex Reserves Rise $6.295B to $696.988B
India's forex reserves surged by $6.295 billion to $696.988 billion for the week ended May 8, driven by a rise in foreign currency assets, as per RBI data.
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Shweta Chopra: From Pageant Crown to Cannes Global Stage
Shweta Chopra, former pageant winner, takes her brand Indulgence to Cannes, showcasing Indian luxury on the global platform.
Rajnath, Naidu Lay Foundation for AMCA Project in Andhra
Defence Minister Rajnath Singh and Andhra CM Chandrababu Naidu laid the foundation for a Rs 16,000-crore AMCA combat aircraft infrastructure project in Sri Sathya Sai district, marking a historic defence milestone.
Regalia Events Hosts Anti-Drugs Concert in Hisar
Kabir Kadyan's Regalia Events organizes a 'Say No to Drugs' live concert in Hisar, aiming to raise awareness among youth about the dangers of drug abuse.
Flood-Hit Punjab Sisters Score Big but Poverty Threatens Dreams
Two sisters from flood-ravaged Punjab excel in academics despite losing their home. Poverty now threatens their dreams of higher education and a better future.
Gold Jewellery Sales Plunge in Amritsar After Austerity Call
Gold jewellery sales in Amritsar have dropped sharply after an austerity call, with customer footfall falling nearly 50%. Traders report a significant slowdown in business.
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Wholesale Inflation Hits 42-Month High in April
India's wholesale inflation surged to a 42-month high of 8.3% in April, driven by soaring crude oil prices that impacted fuel, transport, and manufactured goods.
Adani Power Tops NTPC as India's Most Valued Power Firm
Adani Power's market cap surged 57% this year to Rs 4.3 lakh crore, overtaking NTPC's Rs 3.8 lakh crore. The rise is fueled by increased demand for non-oil energy amid the West Asia conflict.
Foxconn Forecasts 30% Capex Growth in 2026 on AI Demand
Foxconn projects a 30% increase in capital expenditure for 2026, driven by robust demand for artificial intelligence technologies and server components.
MP Firecracker Factory Blast Death Toll Rises to 5
The death toll in the Madhya Pradesh firecracker factory explosion rose to five on Thursday. The factory owner has been arrested under the National Security Act, and a high-level inquiry has been ordered.
Gold Duty Hike Hits Artisans, Business Down by 80%
The revision in gold duty structure has severely impacted artisans in Mumbai's Zaveri Bazaar, with business plummeting and livelihoods at risk.
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One dead, 23 injured in air blast at ECL colliery
A roof fall triggered a powerful air blast at Eastern Coalfields Limited's Parasia colliery, killing one worker and injuring 23 others. The incident occurred in Jamuria, West Burdwan.
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