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New Delhi, Sep 13 (PTI) Hike founder Kavin Mittal has announced the complete winding down of 13-year old startup, saying while its US business was off to a strong start, scaling globally after India ban on real money gaming would require a "reset that is not the best use of capital or time". In a post on LinkedIn, the entrepreneur and Bharti Group scion questioned if raising more capital for a pivot by Hike was worth it, and concluded it was not. Neither for himself, his team, nor investors. " ...Read More >
Thiruvanthapuram: The Kerala cabinet on Saturday approved a draft bill allowing private landowners to cut and sell sandalwood trees, provided they obtain permission from the Forest Department. A special cabinet, chaired by Chief Minister Pinarayi Vijayan, has approved the draft of the Kerala Forest (Amendment) Bill, 2025, to amend the Kerala Forest Act, 1961, according to a statement from the CM's office. The Bill provides for granting permission to cut and sell sandalwood trees on private lan ...Read More >
Excelsior Correspondent MUMBAI, Sept 12: Buoyed by a significant surge in operating profit, the Bombay Mercantile Cooperative Bank unveiled a series of new initiatives including innovative loan products and strategic deployment of surplus funds to propel its growth trajectory to new heights. At the 88th Annual General Meeting (AGM) today, Chairman Zeeshan Mehdi addressed stakeholders, highlighting the Bank's strong financial performance for the Financial Year 2024-25. The Bank's operating pro ...Read More >
MUMBAI: Sebi on Friday unveiled reforms easing minimum dilution norms for IPO-bound companies, and creating a single-window system for low-risk foreign investors like sovereign wealth funds, central banks, and retail funds, eliminating repeated paperwork.The relaxation comes amid rising foreign outflows, driven by steep US tariffs, weak earnings and rich valuations. Overseas investors have withdrawn $11.7 billion from Indian stocks and debt in 2025.It also tightened governance at stock exchanges ...Read More >
In 2024, Arunachal Pradesh Police arrested the Jha brothers for their role in a Rs 100 crore ITC scam, marking an earlier instance of their involvement in tax fraud The Enforcement Directorate's (ED) probe into the Rs 650 crore Input Tax Credit (ITC) scam has uncovered a web of fake firms and hawala traders, where even the names of Seema Haider and her husband Sachin were allegedly misused. According to reports, two brothers from Bihar's Darbhanga, Ashutosh Jha and Vipin Jha, have emerged as k ...Read More >
New Delhi/Guwahati, Sep 12 (SocialNews.XYZ) The Enforcement Directorate (ED) has conducted search operations at 10 premises across five states including Delhi in connection with a multi-crore fake Input Tax Credit (ITC) fraud under the Prevention of Money Laundering Act (PMLA), 2002, the probe agency said on Friday. The Itanagar-based ED unit has carried out search operations on at 10 premises across Arunachal Pradesh, Delhi, Haryana, Tamil Nadu, and Telangana on Thursday in connection with a m ...Read More >
New Delhi, Sep 12 (PTI) The Enforcement Directorate (ED) on Friday said its preliminary probe into a multi-crore pan-India alleged fake input tax credit (ITC) fraud has found that "big MNCs" were benefiting from these illegal transactions. The Itanagar (Arunachal Pradesh) office of the federal probe agency carried out searches in this case on Thursday and covered about 10 premises in the northeastern state apart from Delhi, Haryana, Tamil Nadu and Telangana. The raids were undertaken in connec ...Read More >
New Delhi, Sep 12 (PTI) Home-grown FMCG products maker Marico has announced the acquisition of the remaining 46.02 per cent shares of HW Wellness Solutions, which owns the True Elements brand. This will be done for a consideration of "up to Rs 138 crore" towards the acquisition of the balance 46.02 per cent equity stake in HW Wellness, Marico said in a regulatory filing. The deal will make the Pune-based packaged foods company a fully-owned subsidiary of Marico, which earlier invested in HW We ...Read More >
New Delhi, Sep 12 (PTI) The Enforcement Directorate (ED) on Friday said its preliminary probe into a multi-crore pan-India alleged fake input tax credit (ITC) fraud has found that "big MNCs" were benefiting from these illegal transactions. The Itanagar (Arunachal Pradesh) office of the federal probe agency carried out searches in this case on Thursday and covered about 10 premises in the northeastern state apart from Delhi, Haryana, Tamil Nadu and Telangana. The raids were undertaken in connec ...Read More >
Sept 12 (Reuters) - The U.S. subsidiary of India's Vadilal Industries (VDLI.NS), opens new tab will start manufacturing ice cream at its local facility by the year-end to reduce dependence on imports and boost sales, an executive of the unit said on Friday. Vadilal Industries USA currently imports a majority of its products from India. U.S. President Donald Trump last month imposed tariffs of up to 50% on Indian goods, sending exporters of everything from apparel to frozen shrimp into a frenzy ...Read More >
New Delhi: Industry leaders welcomed the recently announced GST reforms, which reduce the number of tax slabs, stating that it will make tax compliance easier while also directly benefiting consumers through lower prices. Jharkhand Chamber of Commerce Joint Secretary Navjot Alang Rubal said that the reduction of the number of slabs from four to two under the new GST structure is a highly positive step. According to Rubal, this reform will greatly benefit the middle and lower-income groups as t ...Read More >
Shimla (Himachal Pradesh) [India], September 5 (ANI): Himachal Pradesh continues to reel under the impact of the ongoing monsoon season, with 1,087 roads, 2,838 power supply lines, and 509 water supply schemes disrupted across the state as of Friday evening, according to the State Disaster Management Authority (SDMA). According to SDMA, the disaster toll has climbed to 360 deaths since June 20, 2025, of which 197 fatalities were caused by rain-related incidents such as landslides, flash floods, ...Read More >
Shimla (Himachal Pradesh) [India], September 5 (ANI): Himachal Pradesh continues to reel under the impact of the ongoing monsoon season, with 1,087 roads, 2,838 power supply lines, and 509 water supply schemes disrupted across the state as of Friday evening, according to the State Disaster Management Authority (SDMA). According to SDMA, the disaster toll has climbed to 360 deaths since June 20, 2025, of which 197 fatalities were caused by rain-related incidents such as landslides, flash floods, ...Read More >
Hyderabad, Sep 5 (SocialNews.XYZ) Telangana Chief Minister A. Revanth Reddy said on Friday that the proposed new education policy will bring many reforms in the education sector to help rebuild the state. He appealed to the entire teachers' fraternity to join hands with the government for the reconstruction of the state. Speaking at the Teachers' Day Celebrations here, the Chief Minister said that he kept the education portfolio with himself for the revival of the key sector, which he said was ...Read More >
Srinagar, Sep 2 (PTI) The Crime Branch Kashmir on Tuesday registered a case against four persons in connection with a Rs 53 lakh land fraud matter here, officials said. The Economic Offences Wing (EOW) of Crime Branch Kashmir (CBK) registered the FIR following a written complaint, alleging serious financial and property fraud in a land transaction, the officials said. They said as per the complaint, land brokers namely Tariq Ahmad Hajam, and Ghulam Hassan Mir, in criminal nexus with Sonaullah ...Read More >
Chandigarh (Punjab) [India], September 1 (ANI): Punjab Governor Gulab Chand Kataria on Monday afternoon departed by road for Ferozepur to begin his visit to the flood-affected districts of Punjab from September 1 to 4. According to the tour programme, the Governor will visit the flood-affected areas of Ferozepur and Tarn Taran on September 2, Amritsar, Gurdaspur, and Pathankot on September 3, and Hoshiarpur and Sri Anandpur Sahib on September 4. During the visit, Kataria will meet with the aff ...Read More >
Chandigarh (Punjab) [India], September 1 (ANI): Punjab Governor Gulab Chand Kataria on Monday afternoon departed by road for Ferozepur to begin his visit to the flood-affected districts of Punjab from September 1 to 4. According to the tour programme, the Governor will visit the flood-affected areas of Ferozepur and Tarn Taran on September 2, Amritsar, Gurdaspur, and Pathankot on September 3, and Hoshiarpur and Sri Anandpur Sahib on September 4. During the visit, Kataria will meet with the aff ...Read More >
Chandigarh, Sep 1 (UNI) Severe flooding across Punjab has impacted 1,044 villages in 12 districts, affecting 2,56,107 people and resulting in 29 fatalities, said Punjab Revenue, Rehabilitation, and Disaster Management Minister Hardeep Singh Mundian. The state government is working relentlessly to provide relief and support to those affected by the unprecedented rainfall. Mass Evacuations and Relief Operations According to Minister Mundian, 15,688 people have been evacuated from flood-affected ...Read More >
Alibaba posted 26% cloud revenue growth to 33.4 billion yuan, fueled by heavy AI investment, even as weaker ecommerce sales dragged overall revenue 2% below estimates. China's Alibaba said on Friday artificial intelligence was key to expanding its cloud computing business, as it reported strong quarterly growth in the sector despite its wider operations missing revenue estimates. US-listed shares in the company were up 8% at the market open. Revenue in Alibaba's cloud segment surged 26% to 33. ...Read More >
New Delhi, Aug 29 (PTI) India's largest retailer Reliance Retail is confident of delivering a 20 per cent CAGR over the next three years and is looking to scale its FMCG business by over eightfold in the next five years to Rs 1 lakh crore, besides investing invest Rs 40,000 crore to create Asia's largest food parks. Reliance, which now eyes global expansion of FMCG business "will invest Rs 40,000 crore (USD 4.7 billion) to create Asia's largest integrated food parks with AI-driven automation, r ...Read More >
New Delhi, Aug 28 (PTI) India's gains from importing discounted Russian oil are estimated to be just USD 2.5 billion per annum, significantly lower than the previously speculated range of USD 10-25 billion, a research report said on Thursday. Stopping Russian oil imports would force India, the world's third-largest oil importer and consumer, to rely on limited alternatives, potentially driving global crude prices up to USD 100 per barrel amid rising demand and tight supply. "Benefit from Russi ...Read More >
Bengaluru (Karnataka) [India], August 28: Swiggy Limited, India leading on-demand convenience platform, is set to redefine dining experiences yet again with the return of its much-anticipated Great Indian Restaurant Festival (GIRF) 2025. Starting August 22, during the entire upcoming festive season of 2 months, food lovers across 50+ cities in India can enjoy up to 50 discount on dining at 20,000+ top restaurants across categories including cafes, pubs, bars, luxury dining, and family dining res ...Read More >
Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 ...Read More >
Mumbai: Revenue growth of the domestic readymade garment (RMG) industry is projected to slow to 3-5% this fiscal year, after the US imposed a steep 50% duty on India's imports to the world's largest economy. The tariffs, which take effect from Wednesday, could crimp profitability of garment makers, likely straining their financial health, according to a note from ratings agency Crisil released on Tuesday. The impact will vary, hitting some firms harder than the others, especially those that ge ...Read More >
Indian Renewable Energy Development Agency (IREDA) anticipates a revenue surge. The company aims for a 21% increase in revenue from operations, targeting Rs 8,200 crore this fiscal year. IREDA signed an MoU with the Ministry of New and Renewable Energy. The government set a revenue target of Rs 8,200 crore for fiscal year 2025-26. IREDA exceeded its previous revenue target. State-owned Indian Renewable Energy Development Agency (IREDA) on Monday said it is eying over 21 per cent growth in reven ...Read More >
New Delhi, Aug 25 (UNI) Indian Renewable Energy Development Agency Limited (IREDA) today signed a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE) outlining certain targets for FY 2025-26. The MoU was signed by Santosh Kumar Sarangi, secretary, MNRE, and Pradip Kumar Das, CMD, IREDA. Senior officials of both MNRE and IREDA were present. The MoU includes certain key performance parameters for measuring performance such as Return on Net Wor ...Read More >
Crisil Ratings anticipates a 9-11% revenue increase for diversified EPC companies this fiscal year, fueled by infrastructure capital expenditure growth and efficient project execution. The study, encompassing 15 firms with a combined revenue of ₹3.15 lakh crore, highlights the sector's reliance on government and private capex. Diversified engineering, procurement and construction (EPC) companies are likely to witness a modest rise of 9-11 per cent in revenue in the current financial year, acco ...Read More >
New Delhi, Aug 25 (SocialNews.XYZ) Navratna public sector undertaking Indian Renewable Energy Development Agency Limited (IREDA) on Monday signed a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE) to achieve a revenue from operations of Rs 8,200 crore during the financial year 2025-26. The IREDA had exceeded its Revenue from Operations target in FY 2024-25, achieving Rs 6,743.32 crore against the target of Rs 5,957 crore. The MoU also inc ...Read More >
New Delhi [India], August 22 (ANI): Uttarakhand Chief Minister Pushkar Singh Dhami has directed Secretary, Disaster Management and Rehabilitation, Vinod Kumar Suman, to coordinate with the district administration and take appropriate steps for channelisation to drain out the water from the lake formed due to debris in the Syanachatti area of Uttarkashi district. According to an official release, the Chief Minister instructed officials to take effective and precautionary measures to ensure the s ...Read More >
Mumbai (Maharashtra) [India], August 21: The Ministry of Textiles has reopened the portal for filing of fresh applications under the Production Linked Incentive (PLI) Scheme for Textiles, covering Man-Made Fibre (MMF) Apparels, Fabrics and Technical Textiles. The Portal for application will remain open till 31st August 2025 . Also Read | Meta Superintelligence Labs Hiring on Hold: Mark Zuckerberg's Company Temporarily Pauses Its Massive AI Talent Hiring Spree for 'Organisational Planning' and I ...Read More >
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