Business — Page 6
Companies, markets, economy, finance, trade and commercial activity
India FDA Takes Action Against Domino's and Other Food Establishments
India's Food Safety and Standards Authority (FSSA) has initiated action against multiple food establishments, including Domino's Pizza outlets. The agency is investigating potential violations of food safety standards.
SEBI Report: Anchor Investors Sell 50% of IPO Holdings After One Year
A SEBI study reveals that anchor investors sell approximately 50% of their Initial Public Offering (IPO) holdings 30 days after the one-year lock-in period expires. Foreign Portfolio Investors (FPIs) are the largest sellers, contributing significantly to this exit trend.
Tata Sons Chairman Succession Speculation Mounts Amid Chandrasekaran's Exit
Tata Sons chairman Natarajan Chandrasekaran will step down at the end of his term in February, triggering a search for his successor. A selection committee is being formed by Tata Trusts to recommend candidates for the leadership of the diversified conglomerate's holding company.
Six Arrested for Manufacturing Fake DAP Fertilizer in Telangana
Six individuals have been arrested for allegedly producing and distributing counterfeit DAP fertilizer. The Agriculture Minister has ordered an assessment of the spurious product's reach and compensation for affected farmers.
FTSE 100 Declines Amidst Mixed US Inflation Data and Mining Sector Weakness
The FTSE 100 index experienced a downturn, closing the day lower as investors reacted to US inflation figures and specific company news. Mining stocks, particularly Antofagasta, led the decline following production guidance cuts.
Blast on Africa-bound Ship in Kollam Port Injures Engineer
Welding work caused an explosion on the cargo ship 'IOL Sapphire' at Kollam port, injuring a 40-year-old engineer. The vessel had docked for repairs after experiencing technical issues en route to Africa with a rice shipment.
Malaysia Tourism Roadshow in Chennai Focuses on New Destinations
Malaysia's tourism officials hosted a roadshow in Chennai on Thursday to promote the country as a travel destination for Indian visitors. The event highlighted destinations beyond traditional tourist spots, aiming to increase longer stays and visitor spending.
Molbio Diagnostics IPO Allotment Expected, GMP Signals Listing Gain
Investors await final allotment for the Molbio Diagnostics IPO, a Rs 939.70-crore issue that saw strong subscription rates. The company plans to use IPO funds for infrastructure and research expansion.
Dozens of Train Cars Derail at Historic Horseshoe Curve
Approximately a dozen Norfolk Southern train cars derailed Tuesday afternoon near the historic Horseshoe Curve, prompting a cleanup operation. Officials confirmed no injuries and no hazardous materials were immediately detected.
UK Economy Shows Growth Despite Warnings of Future Challenges
The UK economy grew by 0.4% in the second quarter, buoyed by summer weather and sports events. However, experts caution that rising energy prices and ongoing global instability could dampen future growth.
L&T Secures Up to $1.6 Billion Order for Nvidia AI Factory
Larsen & Toubro has secured a significant contract valued between $400 million and $1.6 billion for the construction of an artificial intelligence factory. The project is associated with Nvidia.
Indian Railways Approves Seven New Amrit Bharat Express Train Routes
The Railway Board has authorized the launch of seven new Amrit Bharat Express train services across India. These new routes connect major cities and include numerous stops to serve a wider passenger base.
Kerala Water Authority to Transfer Kaloor Reservoir to SUEZ
The Kerala Water Authority is handing over a 40-lakh-litre unused overhead reservoir in Kaloor, Kochi, to French firm SUEZ. SUEZ will manage drinking water supply operations within Kochi Corporation limits.
Kerala's Thiruvananthapuram Outer Ring Road Project Receives Environmental Clearance
The Ministry of Environment, Forest and Climate Change has granted environmental clearance for Thiruvananthapuram's Outer Ring Road project. The revised alignment, featuring tunnels and viaducts, aims to minimize ecological disturbance.
DAX Index Edges Down, Led by Losses in Chemicals and Media Sectors
The German DAX index closed lower on Thursday, driven by declines in the construction, chemicals, and media sectors. Trading on the Frankfurt Stock Exchange saw more declining stocks than advancing ones.
APSPDCL Unveils Unified Billing for Bulk Power Users
Andhra Pradesh Southern Power Distribution Company Limited has introduced a new system enabling bulk electricity consumers with multiple connections to pay all their bills in a single transaction via the company website. This aims to streamline a previously complex and time-consuming payment process
MG Hector Hawk SUV Teased for India, Launching August 26, 2026
JSW MG Motor India has teased its upcoming three-row SUV, the Hector Hawk, which is set to launch on August 26, 2026. The model will be based on the Wuling Starlight 560 and will initially be offered as a fully electric vehicle.
India Revamps Digital Tourism Platform to Boost Destination Visibility
The Union Ministry of Tourism has launched a revamped Incredible India Digital Platform (IIDP) to promote tourist destinations across India. The platform offers comprehensive travel information, multilingual content, and booking facilities, aiming to enhance the online visibility of destinations.
Bangladesh Seeks Indian Aid Amid Severe Power Crisis and Early Shop Closures
Bangladesh is experiencing one of its worst power crises in years due to a natural gas shortage. The government has mandated shops and malls to close by 8 pm, while seeking additional diesel supplies from India.
NHAI Targets May 2027 for Edappally-Kodungalloor Corridor Six-Laning
The National Highways Authority of India has set a new May 2027 deadline for the completion of the six-laning project on the Edappally-Kodungalloor NH 66 corridor. Delays have been attributed to sourcing issues, public demands, and design changes for added infrastructure.
Karnataka Opens Power Transmission to Private Firms via BOOT Model
Karnataka has initiated a significant policy shift, opening its intra-state power transmission sector to private companies. Two key substations, HPTL and MPTL, are slated for handover under the Build, Own, Operate, and Transfer (BOOT) model.
UK Rail Services Adjust Amidst Extreme Heat Warning
Train operators are modifying services across the UK due to an amber weather warning for extreme heat. Passengers are advised to check travel plans and stay hydrated as disruptions are expected.
Seasonal Seafood Guide Aims to Aid India's Ocean Recovery
A voluntary initiative called Know Your Fish provides an online calendar to help Indian consumers choose seafood based on natural breeding cycles. The program, developed by marine biologists and scientists, aims to reduce overfishing during critical periods and reconnect people with marine science.
Kerala: Vegetable Prices Soar Ahead of Onam Festivities in Kozhikode
Vegetable prices in Kerala's Kozhikode district have significantly increased before the Onam festival, causing financial strain for consumers. Adverse weather and reduced production are cited as primary reasons for the surge.