Amazon will invest more than Rs 2,000 crore (about $233 million) in India in 2025 as it strengthens its logistics and safety standards, said the ecommerce company on Thursday.
One97 Communications (OCL), the company that operates brand Paytm, received a nod from the National Payments Corporation of India (NPCI) to onboard new Unified Payments Interface (UPI) users. This comes nearly nine months after the Reserve Bank of India (RBI) placed an embargo on OCL to add new customers.
The Reserve Bank of India (RBI) has approved IndusInd Bank's request to form an executive committee to discharge the duties and responsibilities of the chief executive officer (CEO) for a period of maximum three months or till a new CEO takes charge, whichever is earlier.
India's office market was very active in 2024 with gross leasing of workspace witnessing a 19 per cent increase to a record 885.2 lakh square feet across eight major cities, according to Cushman & Wakefield. The gross leasing or absorption of office space stood at 745.6 lakh square feet in the preceding year, data from real estate consultant Cushman & Wakefield (C&W) showed.
Singh's suspension came days after he questioned the manner in which a vigilance bureau team raided the residence of Shiromani Akali Dal leader Bikram Singh Majithia in Amritsar in a disproportionate assets case.
Bhavnagar was also one of the worst affected districts, they said, adding that more downpour is likely over the next four day in parts of the state.
Tourists hesitant to visit America due to frequent policy changes there.
The Delhi government has requested the Centre's air quality panel to suspend the fuel ban on older vehicles, citing implementation challenges and public discontent. The government is also seeking solutions to restrictions on end-of-life vehicles.
A major fire broke out in a building housing an electronics goods showroom in the suburban Bandra area in the early hours of Tuesday, prompting the deployment of the National Disaster Response Force (NDRF) for firefighting operations. While no injuries were reported, the building adjacent to the affected structure was evacuated as a precaution. The fire, classified as Level IV (major), started around 4.10 am in a multistorey building on Linking Road in Bandra (west). The blaze initially confined to the basement later spread to the upper floors, engulfing the building in smoke. Thick black smoke was visible from afar, and photographs and videos of the blaze surfaced on social media. Around 6.25 am, the fire brigade classified the blaze as Level IV, indicating a major fire requiring extensive firefighting operations. Mumbai Fire Brigade chief Ravindra Ambulgekar and other senior officers rushed to the spot, with at least 13 fire engines and other firefighting vehicles deployed to douse the blaze. Other agencies have also been mobilized, and the cause of the fire remains under investigation. This is the second major early-morning blaze in Mumbai in two days, following a fire at the Enforcement Directorate (ED) office in Ballard Estate on Sunday.
The court, after taking suo motu cognisance of the matter, issued notice to the state, and tasked it to file a detailed status report by June 10.
Siemens on Tuesday reported over 37 per cent decline in its net profit to Rs 408 crore in March quarter, compared to the same period year ago, mainly due to under-absorption of fixed costs and higher material costs in the Digital Industries business. The company follows an October to September fiscal year.
In what was perhaps the most critical meeting before full-scale war broke out, Shastri defined India's immediate war objectives to his defence minister, army, and air force chiefs: 'To defend against Pakistan's attempts to grab Kashmir by force and to make it abundantly clear that Pakistan would never be allowed to wrest Kashmir from India; To destroy the offensive power of Pakistan's armed forces...' A fascinating excerpt from Shiv Kunal Verma's must-read 1965: A Western Sunrise India's War With Pakistan.
Manipur police have arrested 16 members of various banned outfits in the last 48 hours, including seven militants of the Kangleipak Communist Party (People's War Group) who were apprehended during a midnight operation in Thoubal district. The arrests come amidst ongoing security operations in the state following ethnic violence that erupted in May 2023.
'BSE has facilitated nearly Rs 35 trillion in capital raising across multiple segments.'
In a bid to restructure its top hierarchy, Air India plans to hire some senior executives, including a Chief Strategy Officer and a Chief Operating Officer for its low-cost international arm Air India Express, airline sources said on Tuesday.
Prime Minister Narendra Modi chaired a meeting with top defence officials, including Defence Minister Rajnath Singh, National Security Advisor Ajit Doval and the chiefs of three services, amid India weighing its countermeasures following the Pahalgam terror attack which left at least 26 civilians, mostly tourists, dead. Modi has vowed to pursue the terrorists behind the attack and their patrons, a clear reference to Pakistan, to the "ends of earth" and inflict harshest punishment on them.
India and the US have agreed to work together to draft a comprehensive framework on defence cooperation, aimed at structuring the bilateral collaboration for the 2025-2035 period. The framework will cover multiple domains in land, air, maritime and space, and will focus on intelligence, logistics, operational and industrial engagement. The agreement comes ahead of Prime Minister Narendra Modi's planned trip to Washington, where he is expected to meet with US President Donald Trump to discuss boosting India-US cooperation in the areas of trade, energy and defence.
Union Home Minister Amit Shah said on Friday that the Operation Sindoor undertaken by the Indian armed forces in retaliation for the Pahalgam terror attack has "completely exposed" the fact that terrorism in India is sponsored by Pakistan. Shah also said that the operation showed the "firm" political will of Prime Minister Narendra Modi, the "precise" intelligence inputs from agencies, and the "lethal" capabilities of the armed forces. He added that the operation was successful as it used the correct firepower and achieved its aims besides "showing the reality" to Pakistan.
Their shared brief: To assert India's case with clarity, rebut hostile narratives, and secure enduring partnerships for global counter-terror cooperation.
The interplay between domestic and foreign capital will shape India's equity markets.
Pakistan claims it was a mosque and an educational complex that were hit in the strikes at Muridke, located at about 40 km from Lahore.
https://www.rediff.com/business/report/why-ipo-bound-oyo-seeks-to-rename-parent-firm/20250530.htm
'I am the daughter of a martyr and had lost my father in Kashmir in 1994. I understand what drastic circumstances life brings in front of you.'
The average Indian works 46.7 hours per week, surpassing even China's 46.1 hours. In some sectors, the numbers are even more staggering.
The Supreme Court would likely hear on Wednesday a plea of Ashoka University's faculty Ali Khan Mahmudabad against his arrest for his social media posts over Operation Sindoor.
'A surgery was performed to remove the knife and repair the leaking spinal fluid.'
Sources have revealed that at least five hardcore terrorists affiliated with banned terror outfits Lashkar-e-Taiba (LeT) and Jaish-e-Mohammed (JeM) were killed in Indian strikes in Pakistan on May 7th. The strikes targeted nine terror sites in Pakistan and Pakistan-occupied Kashmir. Among the dead were Mudassar Khadian Khas, a LeT leader, and Hafiz Muhammed Jameel, the brother of JeM founder Maulana Masood Azhar. Other notable casualties included Mohammad Yusuf Azhar, a brother-in-law of Masood Azhar, and Khalid alias Abu Akasha, a LeT operative. The Pakistani military and government officials were present at the funerals of the slain terrorists.
Astronaut Shubhanshu Shukla returns to Earth after an 18-day mission aboard the International Space Station, marking a significant milestone for India's space program and carrying out crucial scientific experiments.
Flipkart Group Chief Executive Kalyan Krishnamurthy on Monday said the firm was advancing preparations for a potential initial public offering (IPO) in India, which included shifting its holding company to India from Singapore. Speaking at an internal town hall, Krishnamurthy said the company's leadership structure is strengthening and that the steps toward relocating Flipkart's legal base to India are progressing as planned, according to people familiar with the matter.
The DGCA directive called for a series of specific checks before each flight's departure from India, including inspection of fuel parameter monitoring systems, cabin air compressors, and electronic engine control units.
'In the past six months, capital markets have seen a dip, and realty is struggling. The stock-market investor will be cautious of putting that investment in real estate when there may be a slowdown coming.'
Adani Ports and JSW Infrastructure, India's leading private port operators, are expanding their logistics services to capture extra cargo while they run integrated transport services. "With incrementally less availability of lucrative port assets that can drive cargo volumes, port operators have naturally shifted their focus on deriving value in the upstream integration, i.e., the logistics space.
Even if you have a comprehensive motor insurance policy, it may not provide sufficient protection against monsoon-related risks.
'What does Indira Gandhi want from me? At this age, what will I do to her?'
Four inmates from Jaipur Central Jail allegedly bribed their way to a day out in the city, including hotel stays, poha breakfasts, and reunions with family. The inmates secured medical checkups at the SMS Hospital but never showed up for their appointments. They were caught after failing to return to jail by the 5:30 PM deadline. The police have arrested 13 people, including the inmates, their relatives, and the escorting constables, who were also allegedly involved in the scheme. The outing was reportedly arranged through a middleman and involved a network of bribes, unauthorized mobile use, and alleged threats to VIPs. The case is under investigation, and police are searching the Jaipur Central Jail.
Markets regulator Sebi on Wednesday barred former CEO of IndusInd Bank, Sumant Kathpalia, and four other senior officials from accessing the securities markets in connection with an alleged insider trading in the bank's shares. In addition to the market ban, Sebi has impounded Rs 19.78 crore collectively from the five individuals, according to an interim order passed by the regulator.
Uber recorded approximately 200 per cent year-on-year growth in its pre-scheduled ride option, Uber Reserve.
The Madhya Pradesh high court on Wednesday ordered registration of an FIR against state minister Vijay Shah for his controversial remarks targeted at Colonel Sofia Qureshi.
Market downturns or regulatory shifts can reduce liquidity, making it harder to buy or sell assets when needed.
The growing caution among hospitals is being driven by a rise in double-extortion ransomware attacks, AI-enabled phishing, deepfake fraud, and vulnerabilities in connected medical devices.
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