Viceroy calls semiconductor unit of Vedanta a ‘sham op’
[ad_1] NEW DELHI: Continuing its tirade against mining heavyweight Anil Agarwal‘s Vedanta group, US-based Viceroy Research has alleged that the group’s semiconductor unit was a “sham commodities trading operation”, designed to avoid classification as an NBFC, a charge the conglomerate called baseless.The short seller, which last week published a scathing report about Vedanta Group and followed it up with similar
Investors seek a bite of food & beverages pie
[ad_1] MUMBAI: A lot is happening over food. From Theobroma to Haldiram’s and Biryani By Kilo, investors (investment firms and corporates alike) are lining up to take a bite of India’s food (captures packaged food as well as food services like QSR) and beverages (F&B) space.A broader sluggishness in consumption had slowed down the pace of deal closures; Haldiram’s and
Dairy boost: Assam rolls out Rs 5 per litre milk subsidy; CM Himanta Biswa Sarma launches plant expansion to support rural economy | India News
[ad_1] To give a fresh boost to Assam’s dairy sector, the state government on Sunday introduced a new subsidy scheme offering Rs 5 per litre of milk to dairy farmers. Chief Minister Himanta Biswa Sarma launched the initiative at a programme in Guwahati, where he also laid the foundation stone for expanding the Panjabari plant of West Assam Milk Producers’
Appellate Tribunal upholds ED’s attachment of Chanda Kochhar’s assets
[ad_1] Former ICICI Bank CEO Chanda Kochhar. | Photo Credit: PTI The Appellate Tribunal under the Prevention of Money Laundering Act has found a “prima facie case” in the matter allegedly involving the former Chief Executive Officer of ICICI Bank Chanda Kochhar and others. In a recent order partially confirming the Enforcement Directorate’s asset attachment, while hearing the agency’s appeal
Reducing road fatalities, developing municipal cadre among others to help States get funds under SASCI
[ad_1] Reducing the fatalities on road and efficiency in disposal of e-challans besides other reforms through electronic enforcement of road safety along with reforms in urban planning and others will help States to get funds under Scheme for Special Assistance to States for Capital Expenditure (SASCI), officials told businessline. Total corpus under this scheme is ₹1.50 lakh crore for Fiscal
Trade momentum: India’s electronics exports jump 47%; US, UAE and China among top destinations
[ad_1] India’s electronics exports surged by 47 per cent in the April-June quarter of FY26, reaching USD 12.41 billion, with the US, UAE, and China emerging as the top destinations, commerce ministry data showed. The United States alone accounted for a dominant 60.17 per cent share, followed by the UAE (8.09 per cent), China (3.88 per cent), the Netherlands (2.68
India’s electronics exports jump 47% in Q1; U.S., UAE, China top destinations
[ad_1] Image used for representative purpose only. | Photo Credit: Mohammed Yousuf The U.S., UAE, and China have emerged as the top three export destinations for India’s electronics sector during April-June quarter of 2025-26, according to the Commerce Ministry data. The Netherlands and Germany are other major export destinations for the country’s electronic exports. During April-June this fiscal, the exports
Weight loss drugs could help treat PCOS
[ad_1] Wegovy injection pens arranged in Waterbury, Vermont, US, on Monday, April 28, 2025. Shelby Knowles | Bloomberg | Getty Images For well over a decade, Grace Hamilton, 27, experienced hair loss, heavy periods, infrequent menstrual cycles, mental health issues and difficulty losing weight without knowing why. It wasn’t until 2021 when she was diagnosed with polycystic ovary syndrome, or
India set to manufacture first commercial-scale semiconductor chip; IIT students design 20 chipsets – Minister Ashwini Vaishnaw
[ad_1] This is an AI-generated image, used for representational purposes only. India is inching closer to a major milestone in its semiconductor journey, with the country expected to produce its first commercial-scale, made-in-India semiconductor chip this year. Union electronics and IT minister Ashwini Vaishnaw made the announcement on Saturday while addressing the 14th convocation ceremony of IIT-Hyderabad.According to Vaishnaw, students
Tribunal upholds ED appeal, says ‘prima facie’ case of money laundering against Chanda Kochhar
[ad_1] In the high-profile money laundering case involving former ICICI Bank CEO Chanda Kochhar, the Appellate Tribunal under the Prevention of Money Laundering Act (PMLA) has upheld the Enforcement Directorate’s (ED) appeal challenging an earlier order that had refused to confirm the provisional attachment of Kochhar’s assets. The Tribunal dismissed technical objections raised by Kochhar and other respondents regarding the
PM Narendra Modi to visit UK, Maldives from July 23–26
[ad_1] Prime Minister Narendra Modi will undertake official visits to the United Kingdom and the Republic of Maldives from July 23 to 26, 2025. At the invitation of the Prime Minister of the United Kingdom, Keir Starmer, Modi will visit the UK from July 23 to 24, which will be his fourth visit to the country. During the visit, Prime
Heavy Rain Warning: IMD issues orange alert in Kerala, schools shut in Kasaragod
[ad_1] Heavy Rain Warning: The India Meteorological Department, commonly known as IMD, on Sunday issued an orange alert for nine districts of Kerala, warning of heavy rains. These districts include Ernakulam, Idukki, Thrissur, Palakkad, Malappuram, Kozhikode, Wayanad, Kannur, and Kasaragod. At the same time, a yellow alert has been issued for Pathanamthitta, Alappuzha and Kottayam districts. In view of the IMD warning, the Kasargod district
GST officers detect ₹15,851 crore fraudulent ‘input tax credit’ claims in April-June; 3,558 fake firms uncovered
[ad_1] The total number of fake firms detected by Central and State GST officers during the first quarter of FY-26 stood at 3,558, less than 3,840 such entities detected in the same quarter of FY25. File | Photo Credit: Getty Images/iStockphoto “Goods and Services Tax (GST) officers have uncovered fake Input Tax Credit (ITC) claims of ₹15,851 crore in the
Parliamentary panel report on new Income Tax Bill, 2025 to be tabled in Lok Sabha on July 21
[ad_1] Union Finance Minister Nirmala Sitharaman introduces Income Tax Bill in Lok Sabha, in New Delhi on February 13, 2025. | Photo Credit: ANI A report of the parliamentary committee set up to scrutinise the new Income Tax Bill, 2025, which would replace the six-decade old Income Tax Act, is scheduled to be tabled in the Lok Sabha on Monday
Trump administration imposes restrictions on Mexican flights; threatens Delta-Aeromexico partnership; blames Biden for aviation deal breach
[ad_1] US President Donald Trump’s administration on Saturday imposed new restrictions on flights from Mexico. It also warned of ending the long-standing partnership between Delta Air Lines and Aeromexico, in retaliation to limits imposed by the Mexican government on passenger and cargo flights into Mexico City in recent years.“Joe Biden and Pete Buttigieg deliberately allowed Mexico to break our bilateral
Blackstone drops out TikTok US deal consortium: Why the firm backed out? Key reasons explained
[ad_1] Blackstone has pulled out of a consortium aiming to invest in TikTok’s US operations, adding to growing uncertainty around the deal, sources told Reuters on Friday.The investment group, led by Susquehanna International Group and General Atlantic, both existing investors in TikTok’s parent company ByteDance, had been seen as the front-runner to acquire majority control of TikTok’s US business.The private
PSU dividends to Centre almost double since 2020; over 40% comes from five fuel PSUs
[ad_1] IOC, BPCL see 255% hike in payouts to Centre, benefiting from 65% crash in crude rates. | Photo Credit: REUTERS Over the last five years, the Union government has nearly doubled the dividends it has received from public sector companies to ₹74,000 crore, with an analysis by The Hindu showing it relies heavily on a few oil, gas, and
Central Bank of India Q1 net profit rises 33% to ₹1,169 crore
[ad_1] State-owned Central Bank of India on Saturday (July 19, 2025) posted a 33% growth in net profit at ₹1,169 crore during the first quarter of this financial year, aided by improvement in core income and decline in bad debts. The Mumbai-based bank had earned a net profit of ₹880 crore in the same quarter of the previous fiscal year.
Wind industry players call for phased approach in government’s localisation timeline
[ad_1] The domestic wind energy sector has voiced operational concerns regarding a recent draft amendment by the Ministry of New & Renewable Energy’s (MNRE) towards boosting domestic manufacturing. The draft mandates rapid localisation of key wind turbine components for inclusion in the Revised List of Models and Manufacturers (RLMM). Industry players said a phased and industry-aligned approach could avoid
Union Bank of India logs 12% rise in net to ₹4,116 crore in Q1
[ad_1] A logo of Union Bank of India. File | Photo Credit: Reuters State-owned Union Bank of India on Saturday (July 19, 2025) reported a 12% rise in net profit to ₹4,116 crore during the first quarter of this financial year. The Mumbai-based lender had earned a net profit of ₹3,679 crore in the same quarter of the previous fiscal
Expert Working Group submits findings
[ad_1] The Independent Expert Working Group (IEWG) constituted by the Telangana Government to study the Socio-Economic, Education, Employment, Political and Caste Survey (SEEEPC survey) has submitted a 300-page report with its findings to Chief Minister A Revanth Reddy. The findings of the survey will help the government in formulating policies and streamlining and bettering existing ones to better enable social
Telangana cops bust fake call centre racket
[ad_1] The Telangana police have busted a fake call centre to dupe people in India and the United States in the guise of offering credit card and digital payment support and arrested nine persons. The police seized 22 mobile phones, 10 laptops, several headsets and VoIP (Voice over Internet Protocol) equipment. Telangana police seize phones, laptops and VoIP equipment in
HDFC Bank first-ever 1:1 bonus issue: Bank announces Rs 5 special dividend; here’s what it means for investors
[ad_1] HDFC Bank on Saturday declared its first-ever bonus issue, approving a 1:1 allotment ratio under which shareholders will receive one fully paid-up equity share of face value Rs 1 for every one equity share held. This marks a historic first for India’s largest private sector lender since its inception.The bank’s board has fixed Wednesday, August 27, 2025, as the
Himachal Pradesh: ‘State will now receive 18% royalty,’ says CM Sukhvinder Sukhu on hydroelectric project
[ad_1] Himachal Pradesh Chief Minister, Sukhvinder Singh Sukku has welcomed the verdict of the supreme court which enforced an 18% royalty on JSW Energy in connection with the Karcham-Wangtu hydroelectric project “The Honourable Supreme Court has delivered a verdict in favour of the people of Himachal regarding the hydroelectric project. Now the state will receive 18 per cent royalty. We
1,000 firms onboard Digital Employment Exchange of Telangana
[ad_1] According to DEET Telangana, students, graduates and the unemployed can explore job opportunities from 1,007 companies, after enrolling on deet.telangana.gov.in. A file photo of a job fair in Hyderabad for representational purpose only. | Photo Credit: The Hindu DEET Telangana, the digital employment exchange of the State government, is keen on engaging with more job seekers, particularly from rural areas,