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NCLT admits SBI's insolvency petition against Anil Ambani for Rs.853.25 cr default

MUMBAI, June 12 -- The city bench of the National Company Law Tribunal (NCLT) on Thursday cleared the way for personal insolvency proceedings against Anil Ambani, admitting the State Bank of India's p... Read More


Revenue min to hear Amadea plea

MUMBAI, June 12 -- After the appeal by Amadea Enterprises LLP for a stamp duty waiver in the controversial Mundhwa land deal was rejected by the inspector-general of registration (IGR), the matter has... Read More


India's economic growth rate to weaken at 6.6% in FY27: BMI

India, June 12 -- India's GDP is likely to grow at 6.6 per cent in the current fiscal as compared to 7.7 per cent in FY26, on weaker investments and consumption growth and trade shocks from the West A... Read More


Revenue of auto ancillary firms grew at 11% CAGR

India, June 12 -- The revenue of listed auto ancillary companies grew at a compound annual growth rate (CAGR) of 11 per cent during FY16-26, according to a report by Equirus Securities. Sectoral reven... Read More


Haleon to invest Rs 2,000 cr to set up its manufacturing facility in India

India, June 12 -- Haleon, a consumer company that is solely focused on better everyday health, today announced plans to establish its first manufacturing facility in India; a state-of-the-art greenfie... Read More


Bajaj Auto Foundation commits Rs 400cr to empower women engineers

India, June 12 -- Bajaj Auto's CSR arm Bajaj Auto Foundation on Thursday announced it is committing Rs 400 crore over the next decade to empower women engineers, and unveiled its unified vision toward... Read More


SBI, ICICI, other banks hike FCNR deposit rates

India, June 12 -- Several banks, including ICICI and SBI, on Thursday launched a new Foreign Currency Non-Resident (FCNR (B)) deposit scheme offering higher interest rates for Non-Resident Indians. Th... Read More


Jan Kalyan Shivirs to be held from June 18-20 to mark 12 years of Modi Govt

India, June 12 -- Delhi will organise 39 Jan Kalyan Shivirs across various parts of the city from June 18 to 20 to mark 12 years of the Modi government. Minister for Public Works Department Parvesh Sa... Read More


Special drive launched to boost Pink Saheli Smart Card use

India, June 12 -- To boost adoption of 'Pink Saheli Smart Cards' for free bus travel the Delhi government has launched a special drive across buses operated by the Delhi Transport Corporation (DTC). ... Read More


Dana To Acquire Eaton's Automotive Business

Mumbai, June 12 -- Ireland-headquartered intelligent power management company Eaton has entered into a definitive agreement to separate its Mobility Group business and combine it with Dana Incorporate... Read More