Delhi govt grosses Rs 2,662 crore from Q1FY26 liquor sales: Data
INDIA BUSINESS | Sat, 12 Jul 2025, 5:34PM IST
Delhi government corporations achieved significant liquor sales in the first quarter of 2025-26. They sold 16.96 crore bottles, earning over Rs 2,662 crore. This is more than the previous year. DSIIDC led sales with 5.29 crore bottles. The government aims for Rs 7,000 crore in excise tax collection.
Continue reading at Economic Times
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"No stone should be left unturned,": Aviation safety firm's CEO on AI 171's crash report
INDIA BUSINESS | Sat, 12 Jul 2025, 5:32PM IST
Following the AI 171 crash in Ahmedabad, aviation safety expert Mark D Martin urges a thorough investigation, advocating for international collaboration and scrutiny of the preliminary report, which suggests pilot error.
Continue reading at Economic Times
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Break Even at the Casino? You May Still Owe Taxes.
GLOBAL NEWS | Sat, 12 Jul 2025, 5:30PM IST
The new domestic policy law rewrites tax rules for the hundreds of billions of dollars Americans legally wager each year. A Nevada lawmaker has introduced a bill to overturn that provision.
Continue reading at The New York Times
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Indias grocery bill reveals a tale of two markets
INDIA BUSINESS | Sat, 12 Jul 2025, 5:02PM IST
India's FMCG sector is experiencing a divergence in consumer behavior. Urban areas see a rise in unbranded and digital-first products due to inflation and online access, while rural consumers maintain trust in established brands, favoring premium, high-quality options. Major FMCG companies are adopting dual strategies to cater to these distinct urban and rural preferences.
Continue reading at Economic Times
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Urban consumers ditch labels, rural shoppers stick to big FMCG brands
INDIA MARKET | Sat, 12 Jul 2025, 4:54PM IST
Urban India is embracing unbranded and digital-first products, while rural consumers continue to prefer trusted FMCG brands as companies tweak strategies to serve both markets
Continue reading at Business Standard
1h
IRB Infra reports 8% YoY jump in Q1 FY26 toll revenue
INDIA MARKET | Sat, 12 Jul 2025, 4:49PM IST
IRB Infrastructure Developers, along with its InvIT associate IRB Infrastructure Trust, reported combined toll revenue of Rs 1,680 crore for the April-June quarter of FY26, marking an 8% year-on-year increase from Rs 1,556 crore in Q1 FY25.
Continue reading at Business Standard
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Muted sales spur leadership change, Priya Nair to lead HUL's growth reboot
INDIA BUSINESS | Sat, 12 Jul 2025, 4:48PM IST
HUL appoints Priya Nair as MD & CEO effective Aug 1, replacing Rohit Jawa after his short two-year stint; move signals Unilever's push for stronger growth and leadership stability in India
Continue reading at Business Standard
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INDIA BUSINESS | Sat, 12 Jul 2025, 4:44PM IST
Airline Pilots' Association of India wants a fair investigation into the Air India plane crash. The association claims bias towards pilot error in the probe. A preliminary report on the fatal Boeing 787-8 crash was released. The report indicates fuel supply cutoff to both engines. ALPA India rejects the presumption of pilot error.
Continue reading at Economic Times
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NSE, NSDL shares slide up to 21% from peaks. Whats behind the selling pressure in unlisted market?
INDIA MARKET | Sat, 12 Jul 2025, 4:35PM IST
India's unlisted equity market faces a sharp correction. Shares of NSE, NSDL, and Tata Capital decline from recent peaks. HDB Financial's discounted IPO and regulatory actions against Jane Street impact market sentiment. Tata Capital's rights issue adds to valuation concerns. Analysts suggest a broader valuation reset is underway. Investors are advised to be cautious of valuations and growth potential.
Continue reading at Economic Times
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Navi Mumbai airport may open on Sept 30
INDIA NEWS | Sat, 12 Jul 2025, 4:34PM IST
Maharashtra Chief Minister Devendra Fadnavis on Saturday said around 94 per cent work of the Navi Mumbai International Airport (NMIA) is over and the target of September 30 has been set for the launch of commercial operations from the facility.This will be the most modern and fully-equipped airport in the country, and the authorities have been instructed to make the baggage claim system the fastest in the entire world, he said.Fadnavis, accompanied by Deputy Chief Minister Eknath Shinde and Forest Minister Ganesh Naik, conducted an inspection of the NMIA project earlier in the day.Speaking to reporters after it, Fadnavis said, "Today, we came here to review the progress of the airport. We saw a detailed presentation on the work's advancement - from the runway to the terminal building - and got all information regarding it. Approximately 94 per cent of the physical progress is complete." The runway is fully-equipped and the work on the terminal building is largely complete with interior work currently underway. The outer facade and external ceiling work needs to be finished with speed. All other works are progressing at full pace, he said."We saw the baggage-handling system, which is the most efficient in which the barcode of the baggage can be read 360 degrees scanning systems, ensuring it reaches the right place. We have asked the authorities that the baggage claim system in this airport should be the fastest not only in the country but in the entire world, and efforts are being made in that direction," the CM added.Once the airport is ready with two runways, it will have the capacity to handle nine crore passengers (annually), he said.The NMIA will be fully-equipped, meaning it will be many times bigger than the Chhatrapati Shivaji Maharaj International Airport in Mumbai, the chief minister said."This will be the most modern airport in the country...As we have to seek the appointment of Prime Minister Narendra Modi (for the project launch), we have set the target of September 30 before them. It is an ambitious target," he said.He further added, "Currently 13,000 to 14,000 workers are involved in the work daily, and we have asked the authorities to increase their strength by one-and-a-half times or double by September 30, because other licences are complete, but for commercial operations, all work has to be finished." "That work of getting commercial licences is also being simultaneously directed so that by September 30, or around that time, whenever the PM gives time, we should be able to inaugurate the project and commercial operations can be launched. We are definitely making such efforts," he said.The airport is being developed by a special purpose vehicle, Navi Mumbai International Airport Limited (NMIAL), which is a 74:26 joint venture between Adani Airport Holdings Ltd (AAHL) and City and Industrial Development Corporation of Maharashtra (CIDCO).In February 2018, PM Modi laid the foundation stone for the new airport, which is coming up at an investment of Rs 16,700 crore with an aim to reduce the congestion at the capacity-constrained Mumbai airport, along with meeting the soaring demand for air travel in the country.Fadnavis said, "This airport has many features. It is a green airport with 37 MW of green power being used. All vehicles will either be electric or run on alternative fuel and sustainable aviation fuel, which is being developed on a large scale. This airport will be a big centre where green fuel will be used on a large scale." Connectivity to the new airport is also a major focus, he said."We have prepared a big connectivity plan for the airport. The linking of Atal Setu to Coastal Road is expected to be completed by March next year. From Thane, a direct elevated road has been suggested and that work will also start soon," Fadnavis said.Arrangements are being made for connecting the airport from four directions with all modes of transport, including the suburban railway, metro or water transport, so that it will be easy for the passengers to reach, he said.Arrangements are also being done so that baggage checking is done in different cities itself so that passengers can travel to the airport without having to carry it. This will give passengers a good travel experience, he said.On the mobility within the airport, he said, "In the second phase, similar to an underground metro, one train will operate to connect all the terminals within the airport." Nobody will have to walk, and it will also prevent vehicles from creating traffic jams. Planning is done in that direction. The bay will be within 500 meters and travelators will be provided for passengers, Fadnavis said.
Continue reading at Economic Times
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INDIA BUSINESS | Sat, 12 Jul 2025, 4:34PM IST
Chief Minister Fadnavis announced that the Navi Mumbai International Airport is nearing completion, with 94% of the work finished and a target launch date of September 30. The airport aims to be the most modern in the country, featuring the world's fastest baggage claim system.
Continue reading at Economic Times
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India's Ayush 'innovations' featured in WHO's brief on AI in traditional medicine
INDIA BUSINESS | Sat, 12 Jul 2025, 4:26PM IST
The WHO has lauded India's integration of Artificial Intelligence (AI) with traditional medicine systems like Ayush, acknowledging the country's efforts in a technical brief. This recognition follows India's proposal, leading to WHO's roadmap for AI in traditional medicine. India is using AI to advance Ayush systems through digital platforms, preserving traditional knowledge and promoting global healthcare integration.
Continue reading at Economic Times
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INDIA BUSINESS | Sat, 12 Jul 2025, 4:21PM IST
The AI-171 flight crashed after takeoff from Ahmedabad, killing 260. The AAIB report indicates both engines shut down due to fuel cutoff switches being inadvertently moved. A pilot questioned the other about cutting off the engine. Families of the victims are demanding answers and accountability from the government and investigation agencies regarding the accident and preventive measures.
Continue reading at Economic Times
1h
Nvidia CEO Jensen Huang sells shares worth $36 million, net worth nears Buffett
INDIA MARKET | Sat, 12 Jul 2025, 4:03PM IST
Nvidia CEO Jensen Huang has sold $36.4 million worth of his company's shares, adding to previous sales under a prearranged trading plan. This move comes as Huang's wealth approaches Warren Buffett's due to Nvidia's success in the AI hardware market. Despite the sales, Huang still holds a significant number of Nvidia shares.
Continue reading at Economic Times
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Centre eases sulphur emission rules for coal power plants, reversing decade-old mandate
INDIA BUSINESS | Sat, 12 Jul 2025, 3:48PM IST
India has rolled back a decade-old clean-air mandate, relaxing sulphur emission rules for most coal-fired power plants. The government order exempts 79% of plants outside populated areas from installing flue-gas desulphurisation systems. Only 10% of plants near major cities must install the equipment by 2027, raising concerns about competitiveness and cost recovery.
Continue reading at Economic Times
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India to boost rare earth magnet production to counter China's supply curbs: G Kishan Reddy
INDIA BUSINESS | Sat, 12 Jul 2025, 3:43PM IST
The Central Government is set to commence rare earth magnet production in Hyderabad, aiming for self-reliance after China restricted supplies. The initiative, spearheaded by the Mining Ministry's NFTSM institute, involves collaboration across industries and ministries. India, previously entirely dependent on China, is accelerating domestic production with government support and the establishment of the National Critical Mineral Mission.
Continue reading at Economic Times
2h
ICCs ambitious mobile cricket game plan sparks interest from global gaming giants
INDIA BUSINESS | Sat, 12 Jul 2025, 3:34PM IST
The ICC's search for a developer to create a flagship mobile cricket game has garnered significant interest from major gaming companies. Krafton, EA Sports, Dream11, and Nazara Technologies are among the firms vying for the opportunity.
Continue reading at Economic Times
2h
F&O Talk| Nifty cracks 20-DMA amid bearish momentum, macro cues keep investors on edge: Sudeep Shah
INDIA MARKET | Sat, 12 Jul 2025, 3:24PM IST
Indian benchmark indices faced profit booking, with Nifty declining by 1.22% and Sensex shedding 925 points. FMCG outperformed, while Defence and IT sectors declined. Analyst Sudeep Shah suggests a cautious, stock-specific approach amid global tariff uncertainty and Q1 earnings. Nifty's fall below key levels signals weakness, while Bank Nifty remains range-bound. Tourism, CPSE, and PSE sectors show relative strength.
Continue reading at Economic Times
2h
RailTel Corp bags Rs 10-cr order from Indian Overseas Bank
INDIA MARKET | Sat, 12 Jul 2025, 3:22PM IST
RailTel Corporation of India has announced that it has received a work order from Indian Overseas Bank, valued at Rs 10.27 crore.
Continue reading at Business Standard
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Reliance Infrastructure plans fundraising initiative through equity, debt instruments
INDIA MARKET | Sat, 12 Jul 2025, 3:21PM IST
Reliance Infrastructure aims to bolster its financial standing. The company will raise long-term capital through various financial instruments. A board meeting is scheduled for July 16, 2025, to discuss the capital raising strategy. This includes equity shares, equity-linked securities, and Non-Convertible Debentures. The company is targeting institutional investors. This announcement precedes the Q1 FY2026 financial results.
Continue reading at Economic Times
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Lohia Worldspace to launch 200 cr luxury villa project in UP's Moradabad
INDIA BUSINESS | Sat, 12 Jul 2025, 3:19PM IST
Realty firm Lohia Worldspace will invest about Rs 200 crore to develop a 10-acre housing project in Moradabad, Uttar Pradesh, marking its entry into real estate business.
This will be the company's first real estate project, comprising 175 luxury villas.
Lohia Worldspace is the real estate arm of the diversified Delhi-based Lohia Global, a privately held company with an annual revenue of around Rs 1,200 crore.
Established in 1979, the Group has four businesses - handicraft exports, electric vehicles, tiles and solar energy. Now, it has entered into real estate business to monetise its land bank of around 200 acres across various cities in North India.
"Our vision with Lohia Worldspace is to create homes that are modern, meaningful, and rooted in thoughtful design," said Pyush Lohia, Director, Lohia Worldspace. The project cost is estimated at Rs 200 crore and expected to be delivered by 2029.
Pyush said there is a huge demand for premium homes in Moradabad market.
Last year, Lohi
Continue reading at Business Standard
2h
Lohia Worldspace to invest Rs 200 cr in first housing project at Moradabad
INDIA BUSINESS | Sat, 12 Jul 2025, 3:04PM IST
Lohia Worldspace is set to invest Rs 200 crore in Moradabad. The company will develop a 10-acre housing project. This marks Lohia Worldspace's entry into real estate. The project will feature 175 luxury villas. Completion is expected by 2029. The company plans further projects in Moradabad. Lohia Worldspace also intends to enter the Delhi property market.
Continue reading at Economic Times
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INDIA MARKET | Sat, 12 Jul 2025, 3:00PM IST
The third week of July 2025 brings a host of corporate actions, including final dividends, interim payouts, bonus issues, and a rights offering.
Continue reading at Economic Times
2h
52 Weeks Entertainment reports standalone net loss of Rs 0.07 crore in the June 2025 quarter
INDIA MARKET | Sat, 12 Jul 2025, 2:57PM IST
Reported sales nil
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B2B Software Technologies consolidated net profit declines 41.96% in the June 2025 quarter
INDIA MARKET | Sat, 12 Jul 2025, 2:57PM IST
Sales rise 28.63% to Rs 6.47 crore
Continue reading at Business Standard
2h
Need to accelerate domestic Natural Rubber production: Arun Mammen, Chairman, ATMA
INDIA BUSINESS | Sat, 12 Jul 2025, 2:40PM IST
Accelerating domestic natural rubber production is a national priority, given the strategic importance to multiple sectors, especially the tyre industry
Continue reading at The Hindu
3h
Madhuri Kela-backed smallcap stock zooms nearly 100% in 3 months, hits new all-time high
INDIA MARKET | Sat, 12 Jul 2025, 2:39PM IST
Samhi Hotels shares witness a significant surge, reaching an all-time high. The stock appreciated nearly 98.4% since April. Ace investor Madhuri Madhusudan Kela backs the company. She holds a 1.69% equity stake. Samhi Hotels shares closed higher on Friday. The stock shows strong gains over the past three months. Technically, the stock is performing well above its moving averages.
Continue reading at Economic Times
3h
INDIA MARKET | Sat, 12 Jul 2025, 2:36PM IST
Warren Buffett, known for his traditional investments, is indirectly venturing into quantum computing through Berkshire Hathaway's subsidiary, New England Asset Management (NEAM). NEAM's portfolio includes significant holdings in Alphabet and Microsoft, both heavily invested in quantum technology. Alphabet's Willow chip and Microsoft's Azure Quantum platform represent substantial bets on the future of computing.
Continue reading at Economic Times
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Shubhanshu Shukla to enter 7-day rehab after splashdown on Earth on July 15
INDIA MARKET | Sat, 12 Jul 2025, 2:32PM IST
Indian astronaut Shubhanshu Shukla will return to Earth on July 15 after 18 days aboard the ISS; Isro says he will undergo a 7-day rehab to help adapt to Earth's gravity post splashdown
Continue reading at Business Standard
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IIFL Home Finance gets $100 million from AIIB
INDIA BUSINESS | Sat, 12 Jul 2025, 2:31PM IST
IIFL Home Finance has secured USD 100 million from the Asian Infrastructure Investment Bank (AIIB) to boost affordable housing finance for economically weaker sections and lower-income groups. This partnership will promote green building standards and support sustainable urban development in line with India's climate goals. The investment aligns with the Pradhan Mantri Awas Yojana Urban (PMAY-U 2.0).
Continue reading at Economic Times
3h
Tariffs or Deals? Trump Seems Content With Punishing Levies.
GLOBAL NEWS | Sat, 12 Jul 2025, 2:31PM IST
The presidents supporters portray him as a top dealmaker. But, at least for now, far more trading partners have gotten stiff tariffs than trade deals.
Continue reading at The New York Times
3h
Is This a Talk Show or a Job Interview?
GLOBAL NEWS | Sat, 12 Jul 2025, 2:31PM IST
Plus, managing people twice your age.
Continue reading at The New York Times
3h
UnitedHealths Campaign to Quiet Critics
GLOBAL NEWS | Sat, 12 Jul 2025, 2:30PM IST
The company has invoked the murder of an executive last year to complain about coverage in news outlets, on streaming services and on social media.
Continue reading at The New York Times
3h
Its YouTube v. Netflix as the Streaming Wars Come Down to 2
GLOBAL NEWS | Sat, 12 Jul 2025, 2:30PM IST
The two giant video companies have far different strategies, but the same goal: controlling your TV set.
Continue reading at The New York Times
3h
You Saved and Saved for Retirement. Now You Need a Plan to Cash Out.
GLOBAL NEWS | Sat, 12 Jul 2025, 2:30PM IST
Most people enter retirement without any idea how to manage withdrawing their savings without running out of money. Here is what you need to know.
Continue reading at The New York Times
3h
New RE policy to attract Rs 1.5 lakh cr investment, generate jobs: Bihar Energy Secy
INDIA BUSINESS | Sat, 12 Jul 2025, 2:27PM IST
Bihar's new renewable energy policy aims to attract Rs 1.5 lakh crore in investments. It also seeks to create significant job opportunities. The policy targets 23.96 GW of renewable energy by FY 2029-30. Investors will benefit from incentives like SGST reimbursement and waived electricity duty. The government is offering a single-window clearance system.
Continue reading at Economic Times
3h
NCC secures Rs 2,269-cr order from MMRDA for Mumbai Metro Line 6 project
INDIA MARKET | Sat, 12 Jul 2025, 2:27PM IST
NCC announced that it has received a Letter of Acceptance (LoA) worth Rs 2,269 crore from the Mumbai Metropolitan Region Development Authority (MMRDA) for work on the Mumbai Metro Line 6 project.
Continue reading at Business Standard
3h
Google Hires Indian-Origin Varun Mohan To Double Down On AI Coding
INDIA MARKET | Sat, 12 Jul 2025, 2:19PM IST
Varun Mohan is the co-founder and CEO of coding AI startup Windsurf.
Continue reading at NDTV
3h
INDIA BUSINESS | Sat, 12 Jul 2025, 2:18PM IST
The Delhi Development Authority (DDA) is set to launch its Premium Housing Scheme 2025, offering 177 flats and garages via e-auction across Delhi. Significant decisions were made, including reduced amalgamation charges for commercial properties and a lower multiplication factor for commercial property auctions.
Continue reading at Economic Times
3h
INDIA BUSINESS | Sat, 12 Jul 2025, 2:14PM IST
A preliminary report on the Air India AI171 crash indicates a potential aircraft malfunction led to the tragedy, according to aviation expert Sanat Kaul. The report suggests the fuel supply to the engines was unexpectedly cut off during takeoff, causing the crash that killed 260 people.
Continue reading at Economic Times
3h
Concurrent Gainers: 12 smallcap stocks that gained for 5 days in a row
INDIA MARKET | Sat, 12 Jul 2025, 2:04PM IST
12 stocks from the BSE Smallcap segment registered gains in each of the five sessions.
Continue reading at Economic Times
3h
Auto OEMs to witness pressure in Q1 FY26E amid input cost surge and operational headwinds: Report
INDIA BUSINESS | Sat, 12 Jul 2025, 2:02PM IST
Indian auto OEMs are anticipated to face margin pressures in Q1FY26E due to elevated raw material costs, particularly steel and platinum group metals, and operating deleverage. Two-wheeler OEMs face additional challenges from adverse product mix and weaker exports. The sector also grapples with potential rare-earth magnet shortages and uncertainties in the auto ancillary sector.
Continue reading at Economic Times
3h
INDIA BUSINESS | Sat, 12 Jul 2025, 2:00PM IST
A preliminary AAIB report reveals the Air India crash in Ahmedabad was caused by a sudden loss of power in both engines shortly after takeoff. Aviation expert Ehsan Khalid dismisses claims of pilot error, emphasizing the fuel cutoff switches were physically moved, not triggered by malfunction.
Continue reading at Economic Times
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