Business — Page 4
Companies, markets, economy, finance, trade and commercial activity
SBI Loan Fraud Accused, Escaped in 2025, Apprehended in Hyderabad
A man accused in a ₹6.7 crore State Bank of India loan fraud case, who had previously escaped police custody in September 2025, has been arrested in Hyderabad. He was sent to judicial remand on Friday.
California Ticket Resale Price Cap Bill Stalls Amid Lobbying
A California bill aiming to cap concert ticket resale prices has failed to advance. StubHub spent millions lobbying against the legislation, which sought to limit resale to 10% above face value.
Motorola Moto G Max Launched in India with 7,000mAh Battery and Snapdragon Chip
Motorola has launched its new Moto G Max in India, featuring a large 7,000mAh battery and Qualcomm's Snapdragon 6s Gen 4 chipset. The device is designed to compete in the sub-Rs 30,000 segment with durability features and a high-refresh-rate display.
Kadapa District Sees ₹182.74 Crore in New Road Construction
Officials reported the completion of 586 km of roads valued at ₹182.74 crore in the undivided Kadapa district. Ministers urged acceleration of land acquisition for national highways.
Shivamogga Airport Not for Sale, Says Karnataka Industrial Body Chief
The Karnataka State Industrial and Infrastructure Development Corporation (KSIIDC) chairperson stated there are no plans to sell or transfer Shivamogga Airport to private entities. Efforts are underway to expand flight connectivity to new destinations and potentially resume services to Bengaluru.
India Leads Global Real-Time Digital Transactions, President Reports
President Droupadi Murmu stated that India accounts for more than half of the world's real-time digital transactions. She highlighted this achievement during her address to the nation on the eve of India's 80th Independence Day.
Sharnbasva University Partners with Eduphoenix Solutions for Student Training
Sharnbasva University and Eduphoenix Solutions have signed a Memorandum of Understanding to offer BBA students practical training and internship opportunities. This collaboration aims to enhance students' skills and career prospects through industry exposure.
Karnataka Hill Stations, Temples Experience Surge in Weekend Visitors
Homestays and hotels across Karnataka's hill stations are fully booked, with visitor numbers doubling this weekend. Temple tourism also sees a significant increase, partly attributed to government initiatives.
Shivamogga Zoo Sends Indian Gaurs to Patna for Wolves and Gharials
Two male Indian gaurs have been transported from Shivamogga Zoo to Patna as part of an animal exchange program. In return, the Shivamogga facility will receive eight wolves and four gharials.
Telangana Govt Authorizes HMDA to Issue Transferable Development Rights
The Telangana government has granted the Hyderabad Metropolitan Development Authority (HMDA) the authority to issue Transferable Development Rights (TDRs). These rights can be utilized for building additional floors or sold on the open market.
Tyson Foods Closes Illinois Beef Plant, Affecting 2,500 Workers
Tyson Foods has closed its beef processing plant in Joslin, Illinois, impacting approximately 2,500 union workers. The company also announced plans to close a facility in Utah and sell another in Washington.
White House Report Accuses India of Enabling China's Tariff Evasion
A White House report has identified India as a key enabler of China's evasion of U.S. tariffs. The report details how goods are routed through regions like the Pune-Gujarat-Chennai belt to circumvent existing duties.
US FDA Issues Warning Letter to Aurobindo Pharma's Eugia Pharma Unit
The U.S. Food and Drug Administration has issued a warning letter to Eugia Pharma Specialities, a subsidiary of Aurobindo Pharma, concerning its formulation manufacturing facility near Hyderabad. The company stated it does not expect the action to affect current U.S. market supplies.
Kerala Artist Argues Book Covers Are Art Forms
Book cover designer Arun Gokul advocates for greater recognition of his craft in Kerala, stating that aesthetically designed covers are works of art. He has designed over 1,200 covers for prominent Malayalam authors over two decades.
Home Saffron Cultivation: A Beginner's Guide to Patience and Small Starts
New saffron growers are advised to start small and learn the crop's needs over multiple seasons. Patience and careful observation are key to success, rather than aiming for immediate large profits.
IIT Madras Startup to Manufacture EV Chargers With ₹100 Crore Tamil Nadu Govt. Deal
IIT Madras-incubated firm Plugzmart will invest ₹100 crore to expand EV charger manufacturing and R&D in Tamil Nadu. The deal, signed at an investment conclave, is expected to create 500 jobs.
Mumbai Suburban Railway to Receive New AC Train Rakes by 2027
Mumbai's suburban railway network will receive its first batch of new air-conditioned train rakes by 2027, announced Maharashtra Chief Minister Devendra Fadnavis. The central government plans to produce 238 such rakes across three coach factories by 2029.
Tamil Nadu Secures ₹67.4K Crore in Investments at Investors Conclave
Tamil Nadu announced the signing of 97 Memorandums of Understanding (MoUs) worth ₹67,452 crore during its maiden 'Vetri Investment Conclave.' These agreements are projected to create over 100,000 new jobs across the state.
LEAP India IPO: Share Price Set for Debut Amidst Strong Investor Demand
LEAP India's Rs 2,480-crore IPO will list on August 14 with shares commanding an approximate 8% grey market premium. The issue was heavily oversubscribed across investor categories.
NSE Warns Investors Against Unregistered Individuals Promoting Guaranteed Returns
The National Stock Exchange of India has cautioned investors about individuals and social media accounts offering guaranteed returns and requesting trading credentials. Participation in such unauthorized schemes disqualifies investors from exchange protection and grievance redressal.
Karnataka Transport Dept Cautions Ride-Hailing Platforms on Fare Violations
Karnataka's transport department has issued show-cause notices to four major taxi aggregators for allegedly overcharging passengers beyond government-fixed rates. The department is investigating fare calculation methods that may deviate from the prescribed structure.
US Report Identifies India in 'Shadow Network' Aiding China's Tariff Evasion
A White House report has identified India as a participant in a 'shadow transhipment network' that enables Chinese goods to bypass US tariffs. This network allegedly reroutes products through third countries, costing the US billions in lost revenue and potentially impacting American jobs.
Air India Flight Lost Controls for 4 Seconds Amid Turbulence
An Air India flight from Phuket to Delhi experienced a four-second loss of control due to hydraulic system failure during turbulence. The incident injured 20 passengers and four crew members.
Air India CEO Wilson Highlights Progress Amid Global Headwinds
Air India CEO Campbell Wilson reported steady progress in the airline's transformation despite global challenges like geopolitical uncertainty and fuel price volatility. Salary increments are slated for October 1, 2026, with significant fleet expansion planned.