Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
RTI reveals Kerala has no record of ₹75,000cr investment commitment
A Right to Information (RTI) query has revealed that the Kerala government has no information on the ₹75,000 crore investment commitment linked to Abu Dhabi Investment Authority (ADIA).
Why Modi government won't reveal details of Russian oil imports
The Petroleum Planning and Analysis Cell (PPAC) has denied a Right to Information (RTI) request for data on India's crude oil imports from Russia.
IPO calendar: These listings will hit the market next week
The primary market is gearing up for a relatively quiet week, with no new mainboard initial public offerings (IPOs) opening for subscription.
Modi urges public participation in Census, assures data security
In his latest 'Mann Ki Baat' address, Prime Minister Narendra Modi stressed the importance of public participation in the ongoing Census exercise.
Affordable home sales in India down 23%: What's the reason?
Sales of affordable homes in India, priced under ₹50 lakh, have witnessed a massive decline of 23% year-on-year in the first quarter of this year.
Paytm Payments Bank begins winding up after RBI revokes licence
Paytm Payments Bank Limited (PPBL) has started the voluntary winding-up process after the Reserve Bank of India (RBI) revoked its banking license.
'Mann Ki Baat': Modi highlights India's clean energy push
In his latest Mann Ki Baat radio address, Prime Minister Narendra Modi emphasized the significance of India's recent strides in clean energy and nuclear power.
Adani Green to invest ₹15,000cr in battery energy storage expansion
Adani Green Energy Ltd (AGEL) has announced plans to invest around ₹15,000 crore in a major expansion of its battery energy storage capacity.
Government banks ordered to complete wage negotiations within 12 months
The Indian government has directed public sector banks (PSBs) to kick-start negotiations for the 13th Bi-partite settlement.
AI use will affect your salary growth by 2029
The adoption of artificial intelligence (AI) is set to have a major impact on salary growth in the coming years, according to Shantanu Rooj, founder and CEO of TeamLease Edtech.
Canara Bank: Gold loan fraud worth ₹7cr unearthed in Maharashtra
A major fraud of ₹7.31 crore has been unearthed at a Canara Bank branch in Jalna, Maharashtra.
Market cap of India's top 7 companies down ₹2L crore
The combined market capitalization of seven out of the top 10 most-valued companies in India has witnessed a major decline, eroding over ₹2 lakh crore last week.
Rajasthan: HPCL refinery restoration to be completed in 3-4 weeks
Hindustan Petroleum Corporation Limited (HPCL) has announced that restoration work at the HPCL Rajasthan Refinery Limited (HRRL) is in full swing and will be completed within three to four weeks.
70% Indian products to enter New Zealand duty-free under FTA
India and New Zealand are set to sign a major trade agreement tomorrow. The deal is aimed at boosting bilateral trade and enhancing market access for Indian products.
UCO Bank's Q4 net profit jumps 23% YoY to ₹801cr
State-owned UCO Bank has reported a massive 23% jump in its net profit for the fourth quarter (Q4) of FY26.
Indian stock market to remain closed on May 1
The Indian stock market will observe a holiday on May 1, in observance of Maharashtra Day.
Worrying: Customer deposits worth ₹800cr stuck in Paytm Payments Bank
Almost two years after operations were suspended, over ₹800 crore of customer deposits remain stuck in Paytm Payments Bank.
Guidelines for Startup India FoF 2.0 out: Why they matter
The Department for Promotion of Industry and Internal Trade (DPIIT) has unveiled the operational guidelines for the ₹10,000 crore Startup India Fund of Funds 2.0 (FoF 2.0).
India likely to receive $90B foreign direct investment in FY26
India's Chief Economic Adviser (CEA) V Anantha Nageswaran has projected that the country will attract over $90 billion in gross Foreign Direct Investment (FDI) during the fiscal year 2025-26.
Layoffs in tech sector nearing 900,000 mark since 2020
The tech industry is witnessing a major upheaval with more than 92,000 employees losing their jobs this year alone.
Salesforce to hire 1,000 graduates, interns amid AI job fears
Salesforce CEO Marc Benioff has announced plans to hire 1,000 graduates and interns.
India's financial system, external sector indicators resilient: RBI
The Reserve Bank of India (RBI) has said that despite global volatility and capital outflows due to the ongoing West Asia conflict, India's financial system and external sector indicators remain "favorable" and resilient.
India's wind energy capacity surpasses 56GW, PM Modi addresses milestone
India has achieved a major milestone in wind energy, with its generation capacity surpassing 56 gigawatts (GW).
Pine Labs acquires Shopflo for ₹88cr to boost D2C offerings
Leading fintech firm Pine Labs has announced the acquisition of Shopflo Technologies, a direct-to-consumer (D2C) checkout platform.
Flipkart promotes Kunal Gupta to SVP amid quick commerce push
Walmart-owned Flipkart has promoted Kunal Gupta, the current head of Minutes and Grocery, to Senior Vice President (SVP).
Instant house help start-up Snabbit raising funds at $400M valuation
Indian start-up Snabbit, which provides on-demand household help for chores like cleaning and laundry, is in talks to raise fresh funding at a valuation of around $400 million, according to TechCrunch.
Maine governor vetoes bill pausing AI data center construction
Maine's Democratic Governor Janet Mills has vetoed a bill that would have imposed a moratorium on the construction of AI data centers.
Fed likely to hold interest rates as US-Iran war rages
The US Federal Reserve is likely to keep interest rates unchanged at its upcoming policy meeting, owing to the ongoing conflict in the Middle East.
Trump administration dismisses entire board overseeing US science funding
The White House has dismissed all 24 members of the National Science Board (NSB).
India's credit growth surges to ₹44.6L crore in FY26
India's formal loan systems have witnessed a massive surge in the fiscal year 2025-26 (FY26), with credit expansion hitting ₹44.6 lakh crore.
SEBI proposes changes to improve liquidity in client unpaid securities
The Securities and Exchange Board of India (SEBI) has proposed amendments to its regulations on how brokers handle clients' unpaid securities.
IDFC First Bank's Q4 profit up 5% YoY to ₹319cr
IDFC First Bank has reported a 5% year-on-year increase in its standalone net profit for the March quarter of FY26.
IndiGo denies banning employees from wearing sindoor, tilak, mangalsutra
IndiGo has refuted allegations that it prohibits its employees from wearing religious symbols like sindoor and tilak.
Axis Bank's Q4 results: Net profit dips 0.64% to ₹7,071cr
Axis Bank has reported a marginal decline of 0.64% in its standalone net profit for the fourth quarter of FY26.
RBL Bank's Q4 net profit jumps 233% to ₹230cr
RBL Bank has reported a whopping 233% year-on-year jump in its net profit for the fourth quarter of FY25-26.
Samsung labor protests could worsen RAM shortage
Samsung Electronics is facing a major labor protest at its Pyeongtaek campus in South Korea.
TCS deepens Google Cloud tie-up to help businesses adopt AI
Tata Consultancy Services (TCS) has announced the expansion of its strategic partnership with Google Cloud. The collaboration aims at helping enterprises transition to AI-native, autonomous operating models.
Over 25% smartphones made in India come from local firms
Domestic companies are now manufacturing more than one-fourth of the smartphones made in India, a major shift in the country's electronics ecosystem.
India's textile, garment exports down in FY26: What's the reason?
India's textile and garment exports witnessed a 2.2% decline in the fiscal year 2025-26, according to the Global Trade Research Initiative (GTRI).
FIIs withdraw ₹1.75L crore from Indian markets in 2026
Foreign institutional investors (FIIs) have continued to pull out money from Indian markets in April 2026, with net outflows of ₹43,967 crore so far.