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OYO faces ‘daylight heist’ allegations over controversial bonus share ballot
Business

OYO faces ‘daylight heist’ allegations over controversial bonus share ballot

Mumbai, Nov 1: Fintech founder Mohit Gang has accused hospitality chain OYO Rooms of attempting a "daylight heist" as retail investors are being scammed through a postal ballot that would issue bonus Compulsorily Convertible Preference Shares.In a post on X, Gang said that OYO's postal ballot...
Adani Defence’s Kanpur unit wins SIDM Champion Award 2025
Business

Adani Defence’s Kanpur unit wins SIDM Champion Award 2025

Ahmedabad, Nov 1: Adani Defence & Aerospace, one of India’s leading defence and aerospace companies, on Saturday announced that it has been honoured with the Society of Indian Defence Manufacturers (SIDM) Champion Award 2025.The company, part of the Adani Group, won the award for...
UIDAI launches fully digital Aadhaar update system with new fee, e-KYC tools
Business

UIDAI launches fully digital Aadhaar update system with new fee, e-KYC tools

New Delhi, Nov 1: In a significant move to provide digital convenience to Aadhaar cardholders, the Unique Identification Authority of India (UIDAI) has announced major reforms to make Aadhaar updates faster, simpler, and entirely online, effective from Saturday.The new changes will allow...
GST 2.0 boost: UPI logs record 20.7 bn transactions worth ₹27.28 lakh cr
Business

GST 2.0 boost: UPI logs record 20.7 bn transactions worth ₹27.28 lakh cr

New Delhi, Nov 1: Amid the GST 2.0 reforms, the unified payments interface (UPI) witnessed 25 per cent transaction count growth (year-on-year) at 20.70 billion in the month of October — along with registering 16 per cent annual growth in transaction amount at Rs 27.28 lakh crore, the National...
GST department busts ₹31.95 crore ITC fraud in Delhi, arrests one accused
Business

GST department busts ₹31.95 crore ITC fraud in Delhi, arrests one accused

New Delhi, Oct 31: Central GST officials have busted a Rs 31.95 crore scam in the national capital involving a company that was fraudulently availing Input Tax Credit (ITC) based on fake invoices. The director of the company has been arrested, according to an official statement issued on...
NBFCs’ worries over education loans ease after US clarifies H-1B visa rules
Business

NBFCs’ worries over education loans ease after US clarifies H-1B visa rules

Mumbai, Oct 31: The recent clarification by the United States on the applicability of H-1B visa petitions for foreign nationals has partly alleviated concerns over the asset quality of the education loan portfolios of non-banking finance companies’ (NBFCs), according to a report released on...
Adani Group’s ACC reports 460% rise in Q2 net profit, highest-ever output
Business

Adani Group’s ACC reports 460% rise in Q2 net profit, highest-ever output

Ahmedabad, Oct 31: ACC Limited, part of the diversified Adani Portfolio, on Friday delivered robust performance, with Q2 profit after tax (PAT) clocking 460 per cent growth (year-on-year) at Rs 1,119 crore, with highest ever volume 10 million tonnes, up 16 per cent.The fastest-growing building...
India is the ideal destination for maritime investments, says PM Modi
Business

India is the ideal destination for maritime investments, says PM Modi

New Delhi, Oct 30: Prime Minister Narendra Modi on Thursday emphasised that India is the perfect harbour when it comes to investing in the maritime sector, while sharing his thoughts on the country’s emergence as a leading destination for investment in the maritime sector.“We have a very long...
FM Sitharaman on Bhutan visit to enhance economic, developmental partnership
Business

FM Sitharaman on Bhutan visit to enhance economic, developmental partnership

New Delhi, Oct 30: Union Finance Minister Nirmala Sitharaman on Thursday embarked on an official visit to Bhutan to further deepen economic and developmental cooperation between the neighbouring countries.The visit of the Indian delegation from the Department of Economic Affairs, Ministry of...
India’s economic rise tied to progress in energy, maritime sectors: Hardeep Puri
Business

India’s economic rise tied to progress in energy, maritime sectors: Hardeep Puri

Mumbai, Oct 29: Minister of Petroleum and Natural Gas, Hardeep Singh Puri, said on Wednesday that India’s rapid economic growth is closely connected to the progress of its energy and shipping sectors, which together serve as strong pillars of national development.Addressing a conference at the...
Frontier tech can raise manufacturing share to 25% of GDP, says NITI Aayog
Business

Frontier tech can raise manufacturing share to 25% of GDP, says NITI Aayog

Mumbai, Oct 29: Harnessing frontier technologies like AI, Advanced Materials, Digital Twins, and Robotics can help manufacturing contribute over 25 per cent to India’s GDP, creating more than 100 million jobs, and positioning the country among the top three global hubs for advanced...
SEBI plans major changes in mutual fund rules for lower costs, more clarity
Business

SEBI plans major changes in mutual fund rules for lower costs, more clarity

Mumbai, Oct 29: The Securities and Exchange Board of India (SEBI) has proposed major changes to the way mutual funds are managed in the country.The market regulator aims to lower brokerage costs, make fee disclosures clearer, and simplify how investors are charged.In a new consultation paper...
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