UK Firm GI Outsourcing Opens AI GCC in Hyderabad
UK-based GI Outsourcing has established an AI-first Global Capability Centre in Hyderabad through Enablr partnership, expanding India operations with plans to employ 200 by 2028.
Category : Business
India Begins Trade Negotiations with Gulf Cooperation Council
India is set to initiate negotiations for a trade agreement with the six-nation Gulf Cooperation Council, following successful deals with the US and EU. The terms of reference will be signed on Thursday, resuming talks that began in 2006.
Vizhinjam Port Customs Nod for Mid-Sized Ships Boosts Kerala Trade
Kerala Maritime Board's Vizhinjam port seaward wharf notified as customs port, enabling mid-sized vessels and passenger cruise ships to handle import-export cargo, enhancing coastal connectivity.
CCI Probes IndiGo for Alleged Unfair Business Practices
Competition Commission of India orders detailed investigation into IndiGo's alleged abuse of dominant position following mass flight cancellations and passenger complaints about price gouging.
DDA Approves Delhi Eye, Warehouses & Recreational Projects
Delhi Development Authority has approved multiple infrastructure projects including a Delhi Eye in Mayur Vihar, warehouses in Kirti Nagar and Rohini, and recreational hubs in Vikaspuri and Rohini to boost local economies and reduce traffic congestion.
SC Questions Banks' OTS to Asian Hotels, Cites Widow Case
The Supreme Court questioned PNB and Bank of Maharashtra's OTS to Asian Hotels, owner of Hyatt Regency Delhi, seeking auction details and contrasting it with a widow's case.
Vadodara Forum: Anaesthesia Treatment Qualifies as Day Care
Vadodara consumer forum orders insurance company to pay Rs 36,258 claim for silicone oil removal surgery, ruling that treatment under anaesthesia constitutes day care treatment regardless of 24-hour hospitalization.
CIAL Aero Park Launch: Kochi Airport's Aviation Hub Transformation
Kerala Chief Minister Pinarayi Vijayan inaugurates 36-acre CIAL Aero Park at Cochin International Airport, featuring six projects worth Rs 101 crore to establish aviation excellence center.
Surat Builder Brain Dead, Family Donates Organs
Tushar Ghelani, a Surat-based real estate developer, was declared brain dead after a suicide attempt. His family has made the noble decision to donate all his organs.
Ambani Gives Undertaking to SC in Rs 40,000 Crore Fraud Case
Industrialist Anil Ambani pledges to the Supreme Court not to leave India during CBI and ED investigations into alleged siphoning of Rs 40,000 crore from bank loans. The court monitors probes and questions CBI's approach.
LPL Financial Opens Hyderabad GCC, Hiring Hundreds
US wealth management giant LPL Financial launches its Global Capability Centre in Hyderabad, planning to create hundreds of tech roles over 3-5 years to support financial services innovation.
Worker Dies in Crane Hook Accident at Thane Construction Site
A 40-year-old construction worker died after being struck by a crane hook at an under-construction site in Maharashtra's Thane district. The incident occurred during mast heightening work in Shirdhon village.
Kanpur DM Criticizes Banks Over Youth Entrepreneur Scheme
District Magistrate Jitendra Pratap Singh expressed strong displeasure at banks' failure to meet loan disbursement targets under the CM Youth Entrepreneur Scheme in Kanpur, warning of strict action against negligent institutions.
Japanese Team Visits Kanpur University for Crop Research
A Japanese delegation led by Tomatec Company visited Chandra Shekhar Azad University of Agriculture and Technology in Kanpur to observe micronutrient trials on cauliflower and radish crops, estimating 30-40% production increase.
Shimla Buildings Unsafe Due to Tunnel Construction Cracks
Several buildings in Shimla have been declared unsafe after developing cracks due to ongoing tunnel construction work, raising safety concerns among residents.
Rupee Falls 17 Paise to 90.44 vs Dollar Post-Trade Deal Rally
Indian rupee declined 17 paise to close at 90.44 against US dollar on Wednesday, reversing part of previous session's sharp gains. Market analysts attribute pullback to lack of follow-through demand and cautious global risk sentiment.
ED Attaches Rs 70 Cr Properties in Mumbai Fraud Case
Enforcement Directorate attaches flats and plots worth Rs 70 crore in Parekh Aluminex money laundering case. Total attached assets now Rs 493 crore in Rs 2,296 crore bank loan fraud.
Mhada Redevelops Sion Pratiksha Nagar Transit Buildings
Mhada cancels MIG sale proposal, opts for new transit accommodation at Sion Pratiksha Nagar. Two 22-floor buildings with 322 tenements to be built, rehabilitating 261 families and 4 shop owners within two years.
Air India Express $70M Fleet Upgrade Plan
Air India Express announces a $70 million investment to upgrade its legacy fleet and standardize B737 MAX aircraft, aiming to reposition between low-cost and full-service models.
Washington Post Announces Major Layoffs, Cuts Sports and Foreign Coverage
The Washington Post announced sweeping layoffs, eliminating its sports section, foreign bureaus, and Book World division. Executive Editor Matt Murray called the cuts 'painful but necessary' amid falling subscriptions and financial pressures.
Coffee Chains Hit by Customs Duty Hike on Imported Machines
India's coffeehouse chains face rising costs as a customs duty increase on imported roasting, brewing, and vending machines squeezes margins amid rupee depreciation and coffee price volatility.
Warburg Pincus Marks 30 Years, Calls India Top Investment Hub
Global PE giant Warburg Pincus celebrates 30 years in India, calling it one of its best constructive ecosystems. The firm has made 80 investments, with India being its second-largest market globally after the US.
Bengaluru's Bommasandra-Jigani Road: A Commuter's Nightmare
The 6km Bommasandra-Jigani industrial corridor in Bengaluru, home to major pharma and tech firms, has become a daily ordeal with cratered roads, missing streetlights, and governance confusion raising serious safety concerns for thousands of commuters.
Yeshwantpur Station Metro Entry Moved 150m for Bengaluru Works
South Western Railway announces temporary relocation of Yeshwantpur station's Metro-side entry by 150 metres near platform 6 due to redevelopment. Ticket counters also moved.
Bengaluru NH-44 Cave-In Causes Major Traffic Chaos
A 100-metre stretch of Hosur Road on NH-44 collapsed near Chandapura, trapping hundreds of vehicles for hours. The incident highlights Bengaluru's chronic traffic woes as construction work continues.
Swiggy CEO: Budget's City Regions to Boost Urbanization
Swiggy MD Sriharsha Majety says budget's City Economic Regions will accelerate urbanization beyond metros, with Tier-II/III centers driving GDP growth through formalization and organized economic expansion.
AI App Launch Causes Rs 1.75L Cr Tech Sell-Off in Mumbai
Mumbai's Dalal Street witnessed a massive tech sell-off wiping Rs 1.75 lakh crore in market value after Anthropic's new AI app launch threatened Indian software exporters' business models.
Sebi Chief: Crypto More Known Than Corporate Bonds
Sebi chairman Tuhin Kanta Pandey expressed concern that cryptocurrency awareness surpasses corporate bonds. Survey shows only 10% know corporate bonds vs 15% for crypto.
Bengaluru Eyes Land Value Capture for Hoodi Flyover
Bengaluru East City Corporation explores Land Value Capture model to overcome land acquisition hurdles for the long-delayed Hoodi Flyover near Whitefield, aiming to unlock stalled infrastructure in one of the city's fastest-growing corridors.
Himachal CM Sukhu Backs State Deposits in HPSCB for Cooperative Banks
Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu emphasized placing state government deposits with HPSCB to enhance cooperative banking sustainability and financial inclusion.
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