50 of 412 articles
A Bengaluru woman's social media video advocating for greater savings among young earners has sparked a debate on lifestyle inflation. While some support her call to control spending, others believe focusing on increasing income is more important.
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The Greater Chennai Corporation has sought ₹233 crore in short-term financial assistance from the Tamil Nadu government as its total liabilities touch ₹3,434 crore. The civic body is also reviewing spending and stepping up property tax collection to ease the pressure.
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Kerala's State GST department conducted coordinated raids across 79 locations, uncovering tax suppression worth ₹70 crore in the jewellery trade. Initial fines of ₹2.87 crore have been collected, with further scrutiny expected to reveal additional evasion.
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The fourth edition of the Uttar Pradesh International Trade Show is scheduled to be held in Greater Noida from September 25-29. Chief Minister Yogi Adityanath has reviewed preparations, aiming to showcase the state's industrial potential and boost exports. The event targets over 2,400 exhibitors and expects business inquiries worth more than ₹13,500 crore.
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Karnataka has exported its first air shipment of Totapuri and Neelam mangoes from Kolar to the Maldives, offering farmers significantly better prices than local markets. The initiative, driven by APEDA, provided a much-needed relief to growers hit by low domestic prices.
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BPCL has launched Bharatgas Lite ZIP, a premium LPG service featuring a 10kg fibre composite cylinder with instant connection and delivery within four hours of booking. The product debuted in 30 cities on July 31, with plans for nationwide expansion.
Read More →The Kerala government is preparing a draft framework to grant industry status to Malayalam cinema, aiming to streamline permits, reduce tariffs, and improve access to credit. The move follows a budget announcement and includes plans for a new film city project.
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Citadel, led by billionaire Ken Griffin, has acquired part of the trading book of Situational Awareness, a hedge fund that lost 67% of its value in July due to AI stock losses. The move follows a pattern of Griffin buying distressed assets during market turmoil.
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The petroleum ministry said on Friday that petrol would have cost around Rs 125 per litre in Delhi when global crude hit $135 per barrel, had ethanol not been blended. It said 20% ethanol blending saved consumers nearly Rs 30 per litre, and it rejected allegations of foodgrain diversion or hidden subsidies.
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The Union Cabinet has approved Samudra Manthan, a Rs 84,084 crore national offshore exploration programme to boost oil and gas exploration in deepwater and ultra-deepwater areas over five years. The initiative is aimed at reducing India's dependence on energy imports by enhancing domestic production.
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Chief Minister A. Revanth Reddy invited industry leaders to invest in Telangana, describing it as a strategic and secure destination. He outlined a vision to make the State a trillion-dollar economy by 2037, with policy continuity and major infrastructure projects.
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The central government's capital expenditure grew 66% in June to Rs 89,255 crore, with 28% of the annual target met in the first quarter. Fiscal deficit narrowed 46% in June, aided by lower tax devolution, but excise duty cuts and rising subsidies present fiscal challenges.
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The Union Cabinet has approved the Rs 84,084-crore Samudra Manthan scheme to boost offshore oil and gas exploration and production. The scheme aims to reduce import dependence by supporting deep-sea drilling, data acquisition, and infrastructure development. It is expected to catalyse reserve additions of over 600 million tonnes of oil equivalent.
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The Supreme Court has upheld the NCLAT order that set aside the ₹301.6 crore penalty imposed by the CCI on Grasim Industries. The case has been remanded to the CCI for a fresh hearing, with a directive to give the company due opportunity wherever the regulator differs from its probe unit's findings.
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Toll collections on national highways and expressways hit a record Rs 70,278 crore in FY26, up 14.45% from the previous year. The data, tabled in Rajya Sabha, shows steady growth over five years, though no state-wise breakdown was provided.
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The Reserve Bank of India has tightened disclosure norms for deposit interest rates, requiring banks to publish bulk deposit rates daily and maintain uniformity. At the same time, it has allowed differential pricing based on liquidity risk under the LCR framework. The move follows scrutiny of HDFC Bank’s bulk deposit pricing in the MSRDC case.
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The Enforcement Directorate has attached ₹94.76 crore in foreign bank accounts in Singapore as part of a money-laundering probe into Amira Pure Foods. The action follows the declaration of two company directors as fugitive economic offenders. The case involves an alleged fraud of ₹1,201.85 crore against a lender consortium.
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Karnataka collected ₹4,779.37 crore from 68 National Highway toll plazas in 2025-26, more than double its toll revenue in 2021-22. The state ranks fifth in India, while one plaza remains temporarily shut due to public agitation.
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Apple has forecast slower revenue growth for the September quarter due to supply constraints, despite beating expectations in the latest quarter. The company's shares fell 5.5% after hours as investors weighed the impact of chip shortages and potential price hikes.
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An Income Tax probe has found that over 1.54 lakh accounts with J&K Bank were opened without linking PAN numbers between 2021 and 2024, involving deposits of Rs 4.88 lakh crore. The probe flagged a 'systemic failure' and potential tax evasion. J&K Bank has said it has taken corrective measures.
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Godrej Enterprises Group has secured a ₹6 crore contract to deploy integrated security solutions at Bhogapuram International Airport, including advanced threat detection systems. The project involves collaboration with GMR, L&T, and CISF.
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Starting August 1, Kakinada district will sell rice at subsidised rates through a pilot Market Intervention Programme. Three varieties, including super fine rice at ₹52/kg, will be available at Rythu Bazaars to counter rising market prices.
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Experts at a real estate summit urged the Tamil Nadu government to create land banks and adopt models like Gujarat's land pooling to boost commercial real estate supply. They highlighted high land costs as a constraint and noted opportunities in GCCs and integrated development.
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A government study says E20 fuel does not require engine modifications for most vehicles, but mechanics report increased fuel system issues. Experts advise newer vehicles are designed for E20, while older ones may need part replacements.
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India's gold demand fell 6% year-on-year to 131.4 tonnes in April-June 2026 due to seasonal weakness, higher customs duty, and Prime Minister Modi's appeal to curb purchases. Despite lower volume, value hit a record ₹1,98,100 crore. Investment demand rose, but jewellery demand dropped 15%.
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Karnataka has received the highest share of investments from the central government's Electronics Development Fund, with 90 of 128 supported companies and 64% of total funds. The state's startups and firms, largely based in Bengaluru, have been key beneficiaries of the scheme aimed at boosting electronics and IT sectors.
Read More →Bengaluru hotel owners, under the Bangalore Hotels Association, have threatened to suspend partnerships with food delivery platforms from August 15 over billing disputes, including unauthorised advertising deductions and lack of transparency. They demand itemised statements and a one-click opt-out for promotions. Platforms are reportedly in talks to resolve the issues.
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Dhanlaxmi Bank's net profit doubled to ₹24.91 crore in Q1 FY2026-27, driven by a 21% growth in total business. The bank's CRAR and PCR improved, reflecting prudent growth and regulatory compliance.
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New data shows maize has overtaken rice as the primary grain used for ethanol production in India, with usage jumping from zero in 2020-21 to over 131 lakh tonnes in 2024-25. The shift supports agricultural diversification and provides farmers with assured markets.
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India's services sector growth dropped sharply to about 9.5% in May from 20.5% in April, according to experimental data from MoSPI's new Index of Services Production. The slowdown was widespread across sub-sectors, though services still outperformed industry growth of 5%.
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Hundreds of tobacco farmers blocked National Highway 16 in Ongole, demanding remunerative prices from the state government. They criticized Chief Minister Naidu's announcement of ₹110 per kg for low-grade tobacco, far below the average market price of ₹1,877. Leaders alleged corporate favoritism and called for a ₹1,000-crore fund for procurement.
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The owners of a private safe vault in Surat have been arrested for allegedly stealing gold jewellery worth Rs 2.67 crore from customer lockers to cover heavy stock market losses. The police arrested Mahesh Diyora, his two sons, and a lock-breaking expert. The theft was discovered by a customer whose lockers were found broken on July 11.
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Adani Enterprises reported a record quarterly EBITDA of Rs 5,642 crore for Q1 FY27, a 49% year-on-year increase. Total income rose 50% to Rs 33,546 crore, driven by growth in airports, copper, and new energy businesses.
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Vizhinjam port will begin handling export-import cargo from August, cutting transport costs for businesses in Kerala and Tamil Nadu. The move awaits a formal Customs notification and road connectivity improvements, but traders welcome the development as a step toward full-fledged operations.
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Indian stock markets opened sharply higher on Wednesday, with the Sensex rising 658 points and the Nifty gaining over 190 points. Tata Capital jumped 5.5%, while IT and banking stocks led the rally. Eight Sensex stocks traded in the red.
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Indian stock markets opened higher on Monday, with the Sensex and Nifty gaining, as hopes of a US-Iran nuclear deal boosted investor sentiment. An agreement could lower global crude oil prices, benefiting the Indian economy and rate-sensitive sectors.
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India has risen to become the second-largest supplier of seafarers globally, with a 12.2% share, according to the BIMCO-ICS Seafarer Workforce Report 2026. The country's officer cadre is particularly strong, supplying over 1.4 lakh officers.
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The Supreme Court criticized the CBI and Delhi Police EOW for slow progress in investigating Indiabulls promoters over fund round-tripping and siphoning. The court accepted an assurance to file a status report, warning of stricter action if not complied.
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The Indian rupee has moved from being overvalued to undervalued, as shown by REER indices. This shift could enhance export competitiveness and attract foreign investment, but it also poses risks of imported inflation. RBI Governor Malhotra expects the rupee to appreciate once geopolitical tensions subside.
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Gig worker unions in Telangana have urged the state government to include stronger safeguards in the draft Motor Vehicles Aggregator Rules, 2026. Their demands include a cap on commissions, social security, fare transparency, and protection from arbitrary account deactivations.
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The Rajasthan government is formulating new strategies for food processing and value addition to agricultural produce to boost farmers' income, attract investment, and create jobs. A stakeholder consultation led by Chief Secretary V. Srinivas outlined plans for food parks, processing units, and financial assistance, with recommendations from industry and farmers' groups.
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The Supreme Court has ruled that the moratorium under the Insolvency and Bankruptcy Code protects only the corporate debtor, not its promoters or directors. The decision clarifies that individuals remain personally liable for debts even during the insolvency resolution process.
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Tata Sons' profit rose 21.8% to Rs 31,961 crore in FY26, but Air India's losses doubled to Rs 22,238 crore amid restructuring. The company recommended a final dividend of Rs 1.11 lakh per share.
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The Tamil Nadu government has formed a Revenue Augmentation Committee led by economist Montek Singh Ahluwalia. The panel will recommend measures to boost tax and non-tax revenues, improve compliance, and plug leakages over a three-month period.
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Andhra Pradesh has signed an MoU with the NCCF to set up 1,000 Mee Marts across the state, offering 70 quality-assured essential products at competitive prices to combat food inflation.
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Heavy rain in Pune has caused vegetable prices to rise by up to 30% in wholesale markets, while fruit prices remain stable. Leafy vegetables like spinach and coriander have seen the sharpest increases due to supply disruptions.
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The CBDT has released a 198-page guidance note on crypto-asset reporting, aligning with OECD standards. Exchanges must report transactions accurately, enabling automatic information exchange. Taxpayers face no new filing requirements but increased scrutiny.
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The Mumbai ITAT has ruled that the sale of a flat received under a redevelopment scheme qualifies for long-term capital gains tax exemption under Section 54F. This decision allows taxpayers to claim indexation benefits and avoids tax on gains if reinvested in another residential property.
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Chinese memory chip maker CXMT surged nearly 470% on its stock market debut, reaching a valuation of $487 billion and becoming mainland China's most valuable listed company. The jump was fueled by limited tradable shares and strong investor demand for a domestic chip supplier amid Beijing's self-reliance push.
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Indian stock markets opened higher on Monday after five days of losses, driven by a fall in oil prices following a pause in US-Iran strikes. The Sensex jumped 566 points, and the rupee strengthened 35 paise to 96.18 against the US dollar.
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