o

Why has India been accused of hosting a shadow fleet? | Explained

What are Flags of Convenience? How do corporations with large fleets obscure ownership and origin of cargo? What are the different ways through which ships make sure they don’t lose their insurance?




o

CK Birla Group to sell Orient Cement to Adani Group at ₹8100 crore equity value

The transaction is subject to regulatory approvals, including approval by Competition Commission of India and mandatory open offer under the relevant SEBI regulations




o

CCI publishes detailed order approving merger of RIL, Walt Disney's media assets

As part of seeking the regulator’s approval, the parties have voluntarily agreed that they will not bundle TV ad slots for IPL, ICC and BCCI cricketing rights till the end of existing rights




o

BSNL on higher gear with seven new services, including spam blocking solution

Sporting a brand new logo, BSNL also introduced low latency 5G connectivity for mining operations in partnership with the Centre for Development of Advanced Computing




o

Supreme Court to pronounce verdict in Byju’s case on October 23

During back-to-back hearing in the case, the apex court had questioned whether the BCCI could be allowed to strike a “personal agreement” with Byju’s promoter and “walk away” with its money.




o

Paytm gets NPCI nod to onboard new UPI users

In a major action against Paytm Payments Bank (PPBL), the RBI had on January 31 directed it to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags and other instruments, as it cited persistent non-compliance and continued material supervisory concerns




o

Bajaj Finserv Q2 net profit grows 8% to ₹2,087 crore

Consolidated total income of the company for the period grew 30% to ₹33,704 crore as compared with ₹26,023 crore a year ago




o

Zydus Lifesciences gets WHO prequalification for Typhoid Vi conjugate vaccine

Zydus Lifesciences’ ZyVac TCV receives WHO prequalification, eligible for U.N. procurement, combating typhoid fever in high-risk regions




o

Capgemini announces leadership changes, Anirban Bose named CEO, Americas SBU

Anirban Bose was head of Capgemini’s Financial Services Strategic Business Unit.




o

Piaggio makes special Diwali offer for Aprilia RS457 sports bike at ₹4.17 lakh 

The RS457 sports bike will be available at a special ex-showroom price.




o

Jaguar Land Rover opens Open Innovation Hub in India to accelerate electrification, AI and autonomous driving

Jaguar Land Rover’s Open Innovation Hub will bring together industry, government, academia, and other parties




o

Are industrial strikes bad for business? Data from Tamil Nadu says otherwise

In most industrialised States, strikes are fairly common, while the number of factories continues to remain high and keeps growing




o

On Boeing 737’s ‘defective’ rudder system | Explained

Why are certain variants of the Boeing 737 under the scanner? What did the investigation of the United States National Transportation Safety Board into the aircraft find? What is the function of a rudder rollout guidance actuator?




o

Disney Hotstar head Sajith Sivanandan quits after India merger with Reliance: Report

The leadership has yet to decide if JioCinema will continue as a separate app, said two of the sources, who all spoke on condition of anonymity, as the discussions are private




o

Zomato, Swiggy hike platform fee in certain cities amid festive season




o

Ashok Leyland arm bags 500 e-buses order from Chennai MTC

Ashok Leyland’s subsidiaries Switch Mobility will supply the buses while OHM will operate and maintain them.




o

Cabinet approves ₹1,000-crore venture capital fund for space tech firms

The fund will be professionally run and will select approximately 40 firms on the basis of commercialization potential, Union Minister Ashwini Vaishnaw said




o

Godrej Properties emerges as the highest bidder for luxury housing plot in Gurugram 

The housing plot, measuring 7.5 acres is located in the Golf Course Road micro-market and will offer a development potential of over 1.7 million square feet, comprising of luxury residential apartments of varied configurations




o

HAL appoints Barenya Senapati as Director Finance

Barenya Senapati joined HAL in 1995 and has experience of 29 years in varied roles at Divisional level and at Corporate Finance. 




o

L&T bags 'significant' order for global nuclear fusion project

The company classifies a 'significant order' as orders valued between ₹1,000 crore and ₹2,500 crore




o

Reliance to move Dubai crude team back to India in global trade rejig: Report

The relocation of its crude trading team by the end of this year comes after the private refiner secured long-term oil supplies from Russia, reducing the need to buy spot cargoes




o

JSW Steel Q2 net profit falls more than 85% to ₹404 crore; output grows 7% to 6.77 MT

“The total income decreased to ₹39,837 crore in the second quarter of the current fiscal as against ₹44,821 crore a year ago,” JSW Steel said in a regulatory filing




o

ICICI Bank Q2 profit rises 14.5% to ₹11,746 crore




o

Yes Bank standalone net profit doubles to ₹553 crore in Q2FY25

During the quarter, CRISIL and Care upgraded the bank’s Basel III Tier 2 infrastructure bonds rating to A+ from A, the company said in its statement.




o

Air India tweaks policy; ultra long haul flights’ cabin crew to get single rooms during layovers

However, cabin crew members of ultra-long haul flights will get single rooms during layovers as well as during unscheduled layovers in the event of a flight diversion, as per the internal communication




o

Noel Tata: The successor the Tatas trust

As the head of Tata Trusts, the largest shareholder of Tata Sons, the parent company of the salt-to-software conglomerate, his role would be crucial in shaping the family’s legacy in philanthropy and in the running of the Group




o

What is the flight protocol for a bomb threat?

What has been the loss incurred by Indian aviation due to frequent security threats over the past few weeks? What are the Standards and Recommended Practices to tackle such situations? Who sets up and monitors aviation guidelines? Can existing laws be tweaked to hand out more stringent punishment to offenders?




o

Ericsson expects network densification to drive next phase of growth in India

Ericsson anticipates growth in India driven by network densification to meet rising data consumption, focusing on 4G and 5G services




o

FSSAI is now more pro-active, industry-centred with fast responses: Nestle

Narayanan also lauded the efforts of the different leadership of FSSAI in the last ten years at different stages for the setting of NABL-accreditated laboratories across the country




o

Raymond chairman Gautam Singhania blasts Lamborghini for not responding to customer complaints

Mr. Singhania had earlier tweeted on X about his Lamborghini Revuelto getting stranded at Mumbai's trans-harbour link due to a complete electrical failure




o

Bvlgari starts digital boutique in India in tie up with Tata CLiQ Luxury

The digital boutique will also house Bvlgari time-pieces including the Serpenti, the Octo Finissimo collection, as well as the Octo Roma.




o

Ambuja Cements Q2 net profit falls 42% to ₹456 crore

The company’s revenue from operations for the quarter ending September 30, 2024 grew marginally to ₹7,516 crore as compared with ₹7,424 crore in the same period last year




o

IOC Q2 net profit slumps 98% on fall in refining, fuel margin

IOC and other state-owned fuel retailers — HPCL and BPCL — had last year made extraordinary gains from holding petrol and diesel prices despite a drop in cost.




o

India’s IT services market grew 6.1% in 2023, reaching a size of $14.5 bn: International Data Corporation

While IT investments showed a slower recovery compared to the previous year, digital transformation (DX) initiatives and IT environments would continue to drive market growth




o

IT Minister Nara Lokesh calls on Microsoft CEO Satya Nadella, other tech CEOs in U.S.

IT Minister Nara Lokesh, during his interactions with tech CEOs in the U.S., projected the State Government’s vision of Andhra Pradesh becoming a technology hub




o

Maruti Suzuki Q2 net profit falls 17% to ₹3,069 crore

Maruti Suzuki India Ltd. reports 17% drop in net profit due to tax changes, plans amalgamation with subsidiary




o

Sensex, Nifty rise on buying in bank stocks, positive global cues

Equity indices Sensex and Nifty rise on fag-end buying, global market trends, and institutional investors’ support




o

Oil firms hike commission paid to dealers, no rise in fuel prices

Petrol and diesel prices will come down in States such as Odisha, Chhattisgarh, and Himachal Pradesh due to a rationalisation of intra-state freight. Oil Minister Hardeep Singh Puri welcomes move.




o

Nara Lokesh meets Amazon Web Services MD Rachel Skaff and Indra Nooyi, among others, in Las Vegas

Nara Lokesh seeks investments from Amazon Web Services and Salesforce for AI and technology development in Andhra Pradesh




o

U.S. faces shortage of IV fluids, India alerts domestic firms to chip in 

The drug exporters body of India has asked Indian drug makers who have approvalsz, to express their willingness to supply to the U.S., where Hurricane Helene has caused damage to a manufacturing facility




o

Sugar sector demands hike in sale price and ethanol prices

The Minimum Sale Price (MSP) of sugar should be increased to ₹39.14 a kg for the sugar season 2024-2025 from ₹31 a kg that was fixed in 2019




o

Castrol India names Kedar Lele as its new MD

Castrol India appoints Kedar Lele as new Managing Director, bringing vast experience from Hindustan Unilever to drive growth




o

Dabur Q2 profit down 17.6% to ₹417.5 cr impacted by inflation, squeeze in urban demand

The company had posted a net profit of ₹507.04 crore in the July-September quarter a year ago, Dabur India said in a regulatory filing




o

Sensex, Nifty decline in early trade on unabated foreign fund outflows, selling in IT stocks

The Sensex and Nifty fall due to IT stocks and foreign fund outflows; Larsen & Toubro gains, U.S. markets close negative




o

HDFC Bank unit HDB Financial Services files with SEBI for ₹12,500 crore IPO

The Public Offer Includes a reservation of Equity Shares for subscription by Eligible Employees and a reservation Equity Shares of Face Value of ₹10 each for subscription by eligible HDFC Bank shareholders




o

Mahindra October auto sales up 20% YoY to 96,648 units; SUV sales up 25%

Including exports, the total SUV sales were 55,571 units. The domestic sales for Commercial Vehicles stood at 28812 units




o

Royal Enfield October sales up 31% to 1,10,574 units

The company exported 8,688 motorcycles during the month




o

High-value debt listed entities: SEBI proposes doubling threshold to ₹1,000 crore

Further, SEBI has proposed tweaking framework for ESG Rating Providers, particularly for those using a subscriber-pays model




o

Lower sales realisation hit margins of cement makers in Q2

Industry observers said the increase in sales volume of UltraTech and Ambuja Cements is mainly due to the several acquisitions by both companies that consolidated their position further in the industry




o

Government infuses ₹1,650 crore in Rashtriya Ispat Nigam Limited

“SBICAPS, a wholly-owned subsidiary of the State Bank of India, is preparing a report on the sustainability of RINL,” a press note said