Tata Steel may be forced to push back the timeline of its £1.25 billion decarbonisation project in the United Kingdom by six to eight months due to unexpected delays in securing critical high-voltage electricity access. The company is currently transitioning to a low-carbon steel-making process at its Port Talbot site, replacing its now-defunct blast furnaces…
The Centre has put Bharat Heavy Electricals Limited and Steel Authority of India Limited under immediate review after both public sector undertakings failed to meet the required profitability criteria. If their financial performance does not show a significant turnaround over the next twelve months, both PSUs risk being downgraded to ‘Navratna’ status. Such a demotion…
In a bid to boost sales, businesses associated with the fashion sector have been observed announcing discounts much ahead of their scheduled time this year. Generally, these establishments begin their discount processes from the month of July. However, due to rising inflation and international geopolitical complexities this time around, they have been seen offering discounts…
Federal authorities in California have arrested Jamshid Ghomi, a dual U.S.-Iranian national and tech executive, for allegedly orchestrating a massive, decade-long smuggling network that funneled restricted American technology straight to Iran’s military and nuclear programs. Operating through his Tehran-based computer networking firm, Faraz Pardaz Rayaneh, the 63-year-old CEO is accused of acquiring sophisticated, U.S.-origin networking,…
The Life Insurance Corporation of India has officially launched the ‘New Jeevan Sathi Limited Premium’ plan. This innovative, non-linked, and non-participating joint life endowment policy is specifically tailored for married couples. It allows both spouses to secure comprehensive life protection and build long-term savings under a single contract, ensuring complete peace of mind. A standout…
State Bank of India (SBI) Chairman CS Setty has strongly backed a potential interest rate pause by the Reserve Bank of India’s Monetary Policy Committee, stating it would stabilize economic conditions and ensure smooth growth. Speaking at the Citi India Conference, Setty emphasized that while inflation dynamics remain a key priority, a pause at this…
Former Reliance Communications (RCom) Group Managing Director Amitabh Jhunjhunwala has been lodged in Mumbai’s Arthur Road Jail following his arrest by the Central Bureau of Investigation (CBI) in connection with a multi-crore bank loan fraud case. The arrest took place after a Mumbai court granted permission to the CBI on Monday. Jhunjhunwala was previously in…
Indian automotive giant Maruti Suzuki India has scripted history by registering its highest-ever monthly sales in May 2026. The automaker reported a phenomenal 34.76 percent year-on-year growth, dispatching a record-breaking 242,688 units compared to 180,077 units in the same month last year. Driven by strong consumer demand, the company’s domestic sales also scaled an all-time…
According to the apex bank, net household financial savings climbed to 7 percent of the Gross National Disposable Income (GNDI) in FY25, up from 5.8 percent recorded in the previous fiscal year. This upward trajectory was primarily driven by a sharp contraction in household borrowing. Financial liabilities plummeted to 4.8 percent of GNDI from a…
Indian solar panel manufacturer Waaree Energies Ltd. is moving forward with its ambitious expansion strategy, preparing to launch a massive share sale targeting institutional investors to raise up to $700 million. According to sources familiar with the matter, the capital raise could take place as early as July, depending entirely on prevailing market conditions. To…
