New Delhi: Jio Financial Services Ltd (JFSL) on Tuesday said its subsidiary has received the capital market regulator Sebi's approval for mutual fund operation. The Securities and Exchange Board of India (Sebi), vide letter dated May 26, 2025, has granted certificate of registration to 'Jio BlackRock Mutual Fund' and approval to Jio BlackRock Asset Management Private Limited to act as the Asset Management Company for Jio BlackRock Mutual Fund, JFSL said in a regulatory filing. The company, on ...Read More
New Delhi, May 27 (PTI) The country's overall goods and services exports are expected to reach USD 1 trillion during 2025-26, according to apex exporters' body FIEO. In 2024-25, the exports were aggregated at USD 825 billion. Federation of Indian Export Organisations (FIEO) President S C Ralhan said merchandise exports will increase from USD 437 billion to USD 525-535 billion in 2025-26. He said that services exports may rise from USD 387 billion to USD 465-475 billion this fiscal. The main ...Read More
New Delhi, May 27 (PTI) Fitch Ratings on Tuesday said Sumitomo Mitsui Financial Group's (SMFG) 20 per cent stake buy in Yes Bank could pave way for other foreign entrants in the Indian banking sector. India's foreign investment norms cap voting rights for investors in banks at 26 per cent and investments by financial institutions in Indian banks at 15 per cent, which have deterred such stake sales, its said. "The Yes Bank transaction will be the first significant acquisition by a foreign bank ...Read More
NEW DELHI: Bombay high court on Tuesday rapped the Maharashtra government for arresting a 19-year-old college student over a post on Operation Sindoor. Calling the state government's reaction "radical", it questioned why the student was treated as a "criminal" when she had already apologised for the post.A vacation bench of Justices Gauri Godse and Somasekhar Sundaresan directed the teen's lawyer to promptly file a bail application, assuring that it would be granted the same day."The girl has po...Read More
Mumbai (Maharashtra) [India], May 27 (ANI): Jio BlackRock Asset Management, a 50:50 joint venture between Jio Financial Services and BlackRock, has received regulatory approval from the financial markets regulator SEBI to commence operations as an investment manager for their mutual fund business in India, a statement said Tuesday. JioBlackRock Asset Management will bring an innovative investment proposition to the growing number of Indian retail mutual fund investors, as well as to institution...Read More
Haryana CET Notification 2025: The Haryana Staff Selection Commission (HSSC) issued the official notification for the Haryana Common Eligibility Test (CET) 2025 on May 27. This exam is held to recruit candidates for various Group C and Group D positions within the state government. As per the notification, the online application process will start on May 28, 2025, and continue until June 12, 2025. Interested candidates can submit their applications on the official website -- hssc.gov.in. Applic...Read More
Guwahati, May 27 (UNI) In its continued operation against the drugs, the police in Assam's Cachar district have seized heroin worth Rs. 3.5 crore during an operation and arrested one paddler. An Assam police spokesperson said this on Tuesday adding that a pistol was also recovered from the paddler. The seized drugs were recovered during an operation based on tip off given by the Assam Rifles Field Intelligence Unit, he said adding that the consignment included 648 gms of heroin. It may be men...Read More
Mumbai: The Maharashtra government has announced the new EV Policy 2025, which offers significant incentives for electric vehicle (EV) purchases. Under this policy, buyers can receive incentives of up to Rs 2 lakh. However, incentives will be provided to a certain number of vehicles, depending on the category. Electric two-wheelers (e-2W) are eligible for incentives of up to Rs 10,000. Electric three-wheelers (e-3W) will receive Rs 30,000 in incentives. For electric four-wheelers (e-4W), Rs 1,5...Read More
Bengaluru, May 27 (UNI) Bengaluru has cemented its place among the world's top 12 technology powerhouses, with its tech workforce surpassing one million, according to CBRE's newly released 'Global Tech Talent Guidebook 2025'. The report, which analyses 115 global markets based on the size, quality and cost of tech talent, places Bengaluru alongside global hubs like San Francisco Bay Area, New York Metro, London, Tokyo and Singapore. The city is the largest tech talent market in the Asia-Pacifi...Read More
Mumbai: Leela Palaces, Hotels and Resorts' ₹3,500 crore initial public offering (IPO)--the largest ever in Indian hospitality--is testing investor appetite for luxury tourism stocks amid a tepid primary market. The listing will expand the roster of publicly traded luxury hotel chains beyond Indian Hotels Company, which runs the Taj brand, and EIH Ltd, the parent of Oberoi Hotels. The offer includes a fresh issue of shares worth ₹2,500 crore and a ₹1,000 crore offer for sale by its New York-base...Read More
Gillette India Ltd. announced a surge in its consolidated net profit for the fourth quarter of the financial year 2025. The bottom line increased by 60% year-on-year, according to an exchange filing on Monday. The company reported a net profit of Rs 158.68 crore for the quarter ended March, marking a notable rise from Rs 99.09 crore in the same period last year. The company's revenue also saw an uptick, growing by 12.7% to Rs 767.47 crore in the March quarter, compared to Rs 680.74 crore in the...Read More
Bengaluru, 26th May 2025: The Ministry of Skill Development and Entrepreneurship (MSDE) will convene the 38th Meeting of the Central Apprenticeship Council (CAC) on 26th May 2025 at Vigyan Bhawan, New Delhi. The Council, reconstituted in October 2024 under the chairmanship of Shri Jayant Chaudhary, Hon'ble Minister of State (Independent Charge), MSDE, plays a pivotal role in advising the Government on key policies related to apprenticeship training across the country. The last CAC meeting was h...Read More
New Delhi: The survey, conducted in the first quarter of 2025, revealed that when asked about the greatest threats to their financial objectives over the next 12 months, more than two-thirds (70 per cent) highlighted a trade war. However, family offices expressed these concerns before the Trump administration's announcement of new US tariffs. Looking ahead over the next five years, family offices are also worried about the risks that may follow serious trade disputes. Almost two-thirds (61 per ...Read More
CHENNAI: Elderly people, people with disabilities and pregnant women visiting Mylapore's Kapaleeswarar temple can now heave a sigh of relief as they will soon have access to a free e-vehicle service near the place of worship. According to a report in The Hindu, the electric cart, donated by Karur Vysya Bank under its CSR initiative, will help passengers navigate between the eastern side of the temple and the bus stop near the water tank. However, the vehicle will not operate inside the temple p...Read More
Leh/Jammu, May 26 (PTI) India's highest altitude Krishi Vigyan Kendra at Nyoma, located around 13,000 feet above see level in the Union Territory of Ladakh, will become part of a nationwide campaign aimed at empowering farmers with knowledge and tools for the Kharif crop season. The campaign, 'Viksit Krishi Sankalp Abhiyan', will be launched on May 29 from 731 Krishi Vigyan Kendras (KVKs) in coordination with the Indian Council of Agricultural Research (ICAR). "KVK Nyoma, the highest altitude ...Read More
New Delhi, May 26 (PTI) Alcoholic beverage maker's body CIABC has urged the government to adopt a phased reduction in import duties on liquor products under the proposed India-EU free trade agreement (FTA), while calling for strong safeguards to prevent misuse of trade concessions under the pact. In a submission to the commerce ministry, Confederation of Indian Alcoholic Beverage Companies (CIABC) has proposed slashing the effective customs (or import) duty on bottled products like wines and sp...Read More
Nagpur, May 26 (PTI) Union Minister Amit Shah on Monday said India's health infrastructure got a massive boost under Prime Minister Narendra Modi's leadership, while previous Congress governments neglected the sector. Addressing a gathering after laying the foundation stone of ''Swasti Niwas'', a residential facility for cancer patients and caregivers at the National Cancer Institute in Nagpur, he also lauded the private sector for assisting in government efforts to give a boost to healthcare. ...Read More
New Delhi, May 26 (PTI) Niti Aayog on Monday pitched for tailored financial tools, technology integration and a centralised digital portal to transform medium enterprises into future growth engines of India's economy. In a report titled 'Designing a Policy for Medium Enterprises', the Aayog highlighted the critical yet under-leveraged role played by medium enterprises and outlined targeted interventions to unlock their full potential. To address challenges faced by medium enterprises, it recom...Read More
New Delhi, May 26 (PTI) Zepto Co-Founder and CEO Aadit Palicha has accused the chief financial officer of a competing company of orchestrating a smear campaign against his quick commerce platform. In a LinkedIn post on late Sunday, Palicha, not taking names, alleged that the CFO of one of Zepto's competitor firms has been reaching out to Zepto's investors with unsubstantiated claims, distributing false financial data to journalists, and employing bots to spread negative narratives about Zepto o...Read More
Mumbai Rains: With local train delays and severe road congestion already troubling commuters, the situation has worsened as a section of the newly launched Mumbai Metro Line 3 has been temporarily suspended. Metro Line 3 will not be operational between Worli and Acharya Atre Chowk until further notice. The arrival of the Southwest Monsoon in Mumbai has brought with it chaos and disruption across the city. With local train delays and severe road congestion already troubling commuters, the situat...Read More
Hyderabad: Google has announced the expansion of its newly released Veo 3 text-to-video generation platform, allowing users in 71 countries to access the updated AI model introduced at the Google I/O 2025. Currently, the AI video generator is only available to paid subscribers of Gemini. Developed by Google DeepMind, Veo 3 is the company's state-of-the-art video generation model that lets users add sound effects, ambient noise, and even dialogue. The demo showcases footage that looks too realis...Read More
Hyderabad: With the early onset of pre-monsoon showers, farmers across Telangana have started their agricultural activities ahead of schedule. However, the agriculture department is facing strong criticism for failing to provide adequate fertilizers and seeds necessary for the current season. According to officials, there is a significant shortfall in the availability of essential inputs like urea and cotton seeds, which may negatively impact crop planning and productivity across the state. Al...Read More
Gujarat Urja Vikas Nigam (GUVNL) has issued a request for selection for procuring power from 500 MW solar projects on a build, own, operate basis. The tender includes a greenshoe option for an additional capacity of up to 500 MW, increasing the potential total to 1,000 MW. Bids must be submitted by June 13, 2025. Bids will be opened on June 18. Bidders must furnish an earnest money deposit of ₹928,000 (~$10,895)/MW, a tender document fee of ₹25,000 (~$293.50) plus 18% GST, and a tender process...Read More
The viral video follows the US traveller as he boards an IndiGo flight: from the gate number, across the tarmac, and finally to his seat. Last year, IndiGo, India's largest airline, was ranked among the world's worst carriers by AirHelp, a European agency that assists air passengers with claims and compensation. A recent video of a US traveller reviewing IndiGo Airlines has gone viral, capturing widespread attention. Contrary to past reports, the passenger described a smooth and pleasant experi...Read More
In preparation for the Hemkund Sahib Yatra, set to commence on May 25, 2025, Uttarakhand Police conducted a thorough field inspection of the walking route, ensuring robust security measures are in place. Chamoli police intensified preparations, underscoring their commitment to a successful pilgrimage, as per an announcement on platform X. Located in the majestic altitudes of Uttarakhand, Hemkund Sahib, a revered Sikh pilgrimage destination, will welcome devotees with streamlined registration fa...Read More
The Adani Group reported record earnings for the financial year ending March 2025, with consolidated Ebitda reaching ₹89,806 crore, driven by continued expansion in core infrastructure sectors and higher operating cash flows across its portfolio. The Group's Ebitda was up 8.2 per cent compared to ₹82,976 crore reported in FY24 by the group listed companies, the Group said in a media statement. The conglomerate, with interests ranging from energy and logistics to cement and mining, also repor...Read More
The Amrit Bharat Station Scheme is a long-term project by the Indian Railways aimed at transforming more than 1,300 railway stations across the country. Prime Minister Narendra Modi is inaugurating 103 redeveloped Amrit stations across India on Thursday via video conferencing from Bikaner. The redeveloped stations are spread across 86 districts in 18 States and Union Territories and have been built at a cumulative cost of over Rs 1,100 crore, according to a release by the ministry of railways....Read More
DP World has announced an extension of its Carbon Inset Programme after successfully registering more than 150,000 import containers since its inception in January. The programme, which commenced on 1 January 2025, is claimed to be the first initiative of its kind globally, providing cargo owners with 50kg CO2e of carbon credits for each loaded import container processed through DP World's UK terminals. This initiative aims to assist companies in addressing Scope 3 emissions within their suppl...Read More
New Delhi: The Securities and Exchange Board of India (SEBI) Chairman, Tuhin Kanta Pandey, on Thursday said that the pending issues surrounding the National Stock Exchange (NSE) initial public offering (IPO) will be resolved soon, and the regulator will move forward with the process. Speaking to the media on the sidelines of Assocham's event here, Pandey said, "We will soon go ahead with it. NSE and SEBI are in discussions. They are resolving the issues. I am very hopeful that it will be done s...Read More
New Delhi, May 22 (PTI) Interarch Building Solutions has posted a 30 per cent increase in its net profit to Rs 38.68 crore for the fourth quarter of the last financial year on higher revenue. Its net profit stood at Rs 29.69 crore in the year-ago period. The total income of Interarch Building Solutions, which is in the Pre-Engineered Building (PEB) industry, rose to Rs 470.58 crore in the January-March period of 2024-25 from Rs 390.23 crore in the corresponding period of the preceding fiscal. ...Read More