The company said Valcambi was the engine driving the group's business, but Valcambi's audited accounts showed revenues that were only a fraction of what the group reported. That raised a major red flag.
A gang of armed robbers targeted a State Bank of India branch in Surat, Gujarat, looting Rs 50 lakh in cash after threatening staff and customers.
Customs officials at Kempegowda International Airport seized 5.78 kg of hydroponic ganja, valued at 2.02 crore, from a passenger arriving from Bangkok. In a separate incident, officials intercepted four female passengers from Bangkok and seized 11.72 kg of hydroponic ganja, valued at 4.10 crore.
'Unfortunately, today most ministers are busy with either election duty or praising duty. They are not interested in serving duty.' 'Ministers have become relaxed like retired people still holding onto jobs.' 'Look at how the NEET paper leaked. But there is no accountability.' 'After 12 years, they have become saturated. They are short of ideas.'
Former Samajwadi Party MLA Irfan Solanki and his associates have been booked on charges of assault and intimidation following a clash at a goat market in Kanpur. The incident has sparked tension in the area, with traders demanding police action.
The gems and jewellery industry anticipates challenging times following the government's decision to increase gold import duty to 15 per cent, a move that exporters warn could fuel the grey market and heighten smuggling risks.
Four passengers arriving from Bangkok at Bengaluru's Kempegowda International Airport were arrested for smuggling hydroponic ganja worth over Rs 21.5 crore.
Fintech company Pine Labs has acquired Shopflo, an online checkout optimisation platform, for Rs 88 crore in an all-cash deal aimed at providing a unified commerce platform for merchants.
India's services sector growth reached a five-month high in April, with the HSBC India Services PMI Business Activity Index rising to 58.8, primarily driven by robust domestic demand and a shift from international to local suppliers amidst the West Asia crisis.
Tata Motors' 2026 Tiago facelift is a tech-loaded and safety-focused entry-level hatchback, with prices starting at Rs 4.69 lakh.
Uttarakhand STF and Dehradun Police busted an international online betting syndicate and arrested five accused allegedly involved in facilitating betting on IPL matches.
Delhi Police have busted a racket selling counterfeit branded garments and accessories in Vasant Kunj, arresting one person and seizing a large stock of fake products.
Mumbai's Metro Line 3, the Aqua Line, experienced two disruptions due to technical issues, causing significant inconvenience to commuters. Passengers reported being stranded inside trains and stations, with complaints of overcrowding and poor communication from authorities.
InterGlobe Aviation, the operator of IndiGo, has approached the Delhi high court seeking a refund of over Rs 900 crore it claims to have paid as Customs duty on aircraft engines and parts re-imported into India after overseas repairs. The petition came up for hearing on Friday before a bench of Justices Prathiba M Singh and Shail Jain.
'If 5% of the total revenue was spent on LPG (pre-war), it is now expected to double. The overall food cost in restaurants is expected to rise by 4-6%.'
Researchers at IIT Kanpur are studying alpha waves in the brain to understand how stress affects cognitive functions. The study aims to build automated models of stress dimensions using EEG and correlating them with factors like loss of control, helplessness, and anxiety.
SIS Ltd, a security and facility management services provider, aims to cross Rs 20,000 crore in revenue by FY27, driven by strong double-digit growth, expansion of its service network, and a simplified regulatory framework under new labour codes, said its Group Managing Director Rituraj Sinha.
A passenger arriving from Bangkok was apprehended at Bengaluru's Kempegowda International Airport with hydroponic ganja valued at Rs 3.89 crore.
"There is a sharp jump that we have seen in bookings of EVs... The jump, at least in our case, in just two months, it is about 2 to 2.5 times of what it used to be"
rediffGURU Vishal Bisht, founder and CEO of IT services provider Marksman Technologies, recommends strategies to build a successful brand.
A high-level committee investigating the failures of ISRO's PSLV rockets, which have impacted strategic satellite missions, has yet to release its report and recommendations, raising concerns about the future of the ageing launch vehicle.
Delhi Police have arrested a 26-year-old man for allegedly siphoning off Rs 1.48 lakh from his paralysed brother-in-law's bank accounts after gaining the family's trust as his caretaker.
Despite the ongoing West Asia conflict causing global trade route disruptions, Mercedes-Benz India reports resilient customer demand, particularly for its new electric CLA sedan, though it faces challenges with component supply delays and escalating shipping costs.
'Wipro's challenge is not lack of ideas. In fact, some of its recent structural moves are arguably bolder than peers.' 'The problem is proving it can operationalise these bets faster and more consistently.'
Aequs Group, in collaboration with IIT-Dharwad, has established an advanced research and development facility for materials science and manufacturing innovation at the IIT-Dharwad campus.
Quick commerce platform Zepto is reportedly planning to launch its Rs 11,000-crore Initial Public Offering (IPO) in July, following SEBI approval. The company is pursuing a distinct growth strategy, focusing on market density and operational intensity in metro markets rather than rapid geographic expansion, a move that sets it apart from rivals like Zomato and Swiggy.
Apple CEO Tim Cook expresses strong optimism about the Indian market, citing its potential for growth and the company's recent successes in the region.
Salesforce is concentrating on developing 'digital labour platforms' and using AI to augment human capabilities rather than replace them, according to a senior company official.
A Delhi court acquitted five men accused in a 2018 dacoity-cum-murder case at a Corporation Bank branch, citing the prosecution's failure to establish their involvement beyond a reasonable doubt. Key eyewitnesses and bank staff could not identify the accused during the trial.
Read all account documents, ask questions, and conduct basic due diligence before agreeing to become a joint holder.
Five masked gunmen robbed a Bank of Maharashtra branch in Singrauli, Madhya Pradesh, stealing gold and cash worth Rs 5.7 crore. One suspect has been arrested in Bihar.
Retail giant Walmart has announced that India has become one of its fastest-growing sourcing hubs globally, with the company having procured over $40 billion worth of goods from the country. This initiative aims to expand supplier capabilities, improve compliance standards, and help Indian manufacturers scale exports worldwide.
Tata Steel has expanded its partnership with Google Cloud to deploy a unified, enterprise-wide artificial intelligence (AI) strategy across its global value chain, resulting in significant operational improvements.
The Calcutta High Court has upheld a magistrate court's decision to grant interim maintenance to a Hindu woman who married a man according to Muslim rites and customs, citing Supreme Court precedents on the husband's liability for maintenance until the marriage is declared void.
Indian cement manufacturers, despite a stable Q4FY26, are bracing for significant profitability pressures from Q1FY27 onwards due to escalating input costs, primarily driven by the West Asia conflict's impact on coal and petcoke prices.
A club employee and bouncers in Gurugram are accused of assaulting a man and stealing Rs 80,000 from him. Police have registered a case and are investigating the incident, which is also supported by CCTV footage.
Fintech and enterprise technology firm Paramotor Digital Technology Ltd has confidentially filed draft papers with markets regulator Sebi for an initial public offering (IPO). The company submitted its draft papers under Sebi's pre-filing route, which allows issuers to keep details related to the issue size and other key information confidential until a later stage.
Financial Services Secretary M Nagaraju has urged banks to adopt the MuleHunter AI tool developed by RBI to identify and prevent mule accounts used in cyber financial frauds. The meeting also discussed 'Operation Octopus' by Hyderabad Police and emphasised coordinated efforts and intelligence sharing.
The Bombay High Court has directed HDFC Bank to refund Rs 38 lakh to a Pune businessman who lost the amount in a digital fraud, citing the account holder's lack of fault and RBI guidelines on customer protection.
Investments under the framework would remain voluntary for employees.
