Business

Trump administration set to revoke up to two lakh visas in historic crackdown

The Trump administration is reportedly preparing to revoke up to 200,000 visas in a historic immigration crackdown. Detailed specifics regarding the targeted visa categories or the official timeline for implementing this policy have not been shared in the initial report.

22 days agoSource: Times of India — Business1 sourceTrend 77

Four India-based firms hit by new US sanctions targeting Iran

Four India-based companies have faced the impact of new sanctions announced by the United States. According to reports, U.S. Treasury Secretary Scott Bessent announced 'Operation Economic Outcast,' an initiative aiming to block all potential revenue sources for Iran, which has subsequently affected these Indian businesses.

21 days agoSource: The Hindu — National1 sourceTrend 77

Bank Unions Threaten Nationwide Strike on September 11 Demanding Five-Day Work Week

Bank unions have threatened a nationwide strike on September 11 to demand a five-day work week. According to reports, if the strike takes place, banking services across various regions of the country could be disrupted for up to four days.

22 days agoSource: The Hindu — National1 sourceTrend 77

NASSCOM Opposes US DHS Proposal to Fix H-1B Visa Fee at $103,265

NASSCOM has strongly opposed a proposal by the US Department of Homeland Security to set the H-1B visa fee at $103,265. The industry body highlighted that Indian technology firms have significantly reduced their reliance on H-1B visas by steadily expanding local hiring in the US. NASSCOM also noted that the Indian tech sector has invested over $1.1 billion to strengthen the US STEM pipeline.

21 days agoSource: The Hindu — Business1 sourceTrend 76

Retail Onion Prices Hit ₹70 Per Kg; Centre Releases Buffer Stock Amid Opposition Criticism

Retail onion prices have reached ₹70 per kilogram across India, prompting the opposition Congress party to criticize the central government over rising inflation. In response, the Union government has started releasing onions from its buffer stock to stabilize prices and improve market supply.

21 days agoSource: India Today1 sourceTrend 76

First 'Kanda Express' to Deliver Onions; Rakes Scheduled for Chennai and Madurai

The Indian government has launched the 'Kanda Express' initiative to transport bulk onions via railways to curb rising prices. The inaugural train carrying 800 tonnes of onions is set to arrive in Delhi on Wednesday, where onions will retail at Rs 35 per kg. Consumer Affairs Secretary Nidhi Khare announced that dedicated shipments are also being sent to southern and eastern hubs, including Chennai, Madurai, Ernakulam, and Guwahati.

21 days agoSource: NDTV Profit1 sourceTrend 76

Retail sugar prices drop after government permits duty-free raw sugar imports

The all-India average retail price of sugar decreased to ₹64.33 per kilogram from ₹65.06 the previous day. This drop follows the central government's decision to permit the duty-free import of one million tonnes of raw sugar to stabilize market rates.

19 days agoSource: Hindustan Times — India1 sourceTrend 75

SEBI to propose SOP for unscheduled market holidays, NSE IPO decision soon

The Securities and Exchange Board of India (SEBI) is set to propose a standard operating procedure (SOP) to manage unscheduled stock market holidays. Reports indicate that the market regulator is also close to deciding on the approval for the National Stock Exchange's (NSE) highly anticipated initial public offering (IPO), with a decision expected in a couple of weeks.

19 days agoSource: The Hindu — Business1 sourceTrend 75

Oil prices fall as US prepares major sanctions against Iran

Global crude oil prices dropped by over one dollar as investors locked in profits ahead of impending United States sanctions on Iran. Washington is expected to implement strict measures on Monday, raising concerns about potential supply disruptions in the Middle East. Meanwhile, Iran has rejected the sanctions and threatened to restrict oil exports through the Gulf, adding uncertainty to the energy market.

23 days agoSource: Times of India — Business1 sourceTrend 75

Sugar Prices Rise Up to 50 Percent in India Despite Government Intervention

Sugar prices in India have surged by over 40 percent in the last two months, with increases reaching up to 50 percent to touch historic highs. Although the central government has initiated several corrective measures, prices have not subsided. As the world's largest consumer of sugar, India's domestic market remains highly sensitive to these escalating costs.

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20 days agoSource: BBC Tamil1 sourceTrend 74

Maruti Suzuki Delivers First Car Consignment to Pollachi via Cargo Rail

Maruti Suzuki India has delivered its first consignment of passenger cars to the Pollachi railway terminal in Tamil Nadu via cargo rail. The train, carrying 120 vehicles of various models including Wagon R, Ertiga, Dzire, and Celerio, was flagged off from Haryana's Manesar plant on August 18. This partnership with Indian Railways aims to scale up vehicle distribution while reducing road emissions.

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20 days agoSource: Dinamani1 sourceTrend 74

Hyundai and Jio-BP partner to integrate EV charging networks across India

Hyundai Motor India and Jio-BP have signed an agreement to integrate their electric vehicle charging networks across India. The partnership aims to provide Hyundai EV owners with seamless access to Jio-BP's charging infrastructure, enhancing convenience and accelerating EV adoption nationwide.

21 days agoSource: Times of India — Chennai1 sourceTrend 74

Centre issues largest battery storage tender to boost solar power grid integration

The Central government has launched its largest-ever tender for battery storage systems to support solar energy. This initiative marks the first phase of the government's plan to incorporate greater levels of renewable energy into the national grid, improving overall power stability.

20 days agoSource: The Hindu — Business1 sourceTrend 74

Gold prices cross Rs 1.63 lakh per 10 grams amid global surge

According to a report by NDTV Profit, gold prices have surged past Rs 1,63,000 per 10 grams, marking their highest level in over three months in the global market. Market investors are currently awaiting key United States inflation data and an upcoming speech by Federal Reserve Chair Kevin Warsh to determine future market strategies.

22 days agoSource: NDTV Profit1 sourceTrend 74

Brazil Fines TikTok Owner ByteDance $30 Million Over Teen Data Privacy Violations

Brazil's data regulator has fined TikTok's parent company, ByteDance, 30 million dollars for processing teenagers' data without a valid legal basis. The regulator has also ordered the company to delete the unlawfully processed data. This action highlights the increasing global scrutiny over how social media networks handle minors' information.

21 days agoSource: NDTV Profit1 sourceTrend 74

India and Gulf Bloc Discuss Next Steps for Free Trade Agreement

India and the Gulf Cooperation Council have held discussions on the next steps for a proposed free trade agreement. The talks, which resumed in February to enhance bilateral trade and investment, were temporarily paused in June due to the West Asia crisis.

22 days agoSource: The Hindu — National1 sourceTrend 74

TIDCO Establishes Rs 250-Crore Aerohub in Kancheepuram, Expects 2,000 Jobs

The Tamil Nadu Industrial Development Corporation (TIDCO) has built a Rs 250-crore 'Aerohub' at the Vallam Vadagal industrial park in Kancheepuram. Spanning 3.04 lakh square feet, the aerospace and defence facility features testing laboratories and manufacturing spaces. Officials state the hub is expected to create direct employment for around 2,000 people.

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24 days agoSource: ABP Nadu1 sourceTrend 74

PhonePe and Google Pay Command 80% of India's UPI Market

According to data from the National Payments Corporation of India (NCPI), PhonePe leads the UPI market with a 46.2% share, followed by Google Pay at 32.6%. Together, they control nearly 80% of the market. India recorded 2,270 crore monthly UPI transactions valued at Rs 28.9 lakh crore. While merchant payments make up 63.5% of the transaction volume, personal transfers constitute 70% of the total value.

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21 days agoSource: ABP Nadu — India1 sourceTrend 74

Piyush Goyal Proposes India-Japan 'Shark Tank' Style Startup Series to Boost Investment

Union Minister Piyush Goyal has proposed an India-Japan 'Shark Tank' style startup series to strengthen bilateral business relations and increase investments. Goyal highlighted that India offers a complete ecosystem from design to large-scale deployment, acting as a massive market for testing, selling, and deploying products.

20 days agoSource: The Hindu — Business1 sourceTrend 74

India Initiates Raw Sugar Imports as El Nino, Red Rot Drive Prices Up

India has initiated temporary raw sugar imports to manage rising domestic prices, according to reports. The price hike is attributed to the adverse effects of the El Nino weather pattern on sugarcane crop yields, combined with the spread of red rot disease, both of which have constrained local supply.

23 days agoSource: India Today1 sourceTrend 74

SEBI launches IT Resilience Index for market infrastructure institutions with 2027 deadline

Market regulator SEBI has introduced an Information Technology Resilience Index for market infrastructure institutions. The framework aims to monitor IT systems, including early warning systems and real-time service delivery tracking. The Securities and Exchange Board of India has established a deadline of February 28, 2027, for the comprehensive implementation of these new guidelines.

22 days agoSource: The Hindu — Business1 sourceTrend 74

Luxury apparel store Pernia to raise ₹680 crore through IPO

Luxury fashion retailer Pernia is set to raise ₹680 crore through an initial public offering (IPO), fixing the price band at ₹546-575 per equity share. According to the company's plans, approximately ₹371 crore from the total proceeds will be invested in PSL's wholly owned subsidiary, PSL Retail.

20 days agoSource: The Hindu — Business1 sourceTrend 74

Indian Sugar Refiners to Divert Stocks to Local Market to Ease Shortage

Indian sugar refiners are set to divert supply to the domestic market to address a shortage of the sweetener. India, the world's second-largest sugar producer, is facing supply constraints as it enters the peak festival season, during which sugar consumption typically surges, according to a report by NDTV Profit.

20 days agoSource: NDTV Profit1 sourceTrend 74

GAIL to expand natural gas pipeline network and petrochemical capacity, says Chairman

State-owned GAIL (India) Limited is set to expand its natural gas pipeline network once ongoing projects under construction are completed, according to Chairman and Managing Director Deepak Gupta. The company also plans to expand its LPG transmission network and increase its petrochemical production capacities to boost overall operations.

19 days agoSource: The Hindu — Business1 sourceTrend 74

IMF Chief Says Global Economy Faces Tug-of-War Between Oil Shock and AI Boom

International Monetary Fund Managing Director Kristalina Georgieva stated that the global economy is experiencing a tug-of-war between potential oil shocks and an artificial intelligence boom. She noted that AI, which began as a U.S.-centric phenomenon, is transforming into a global growth engine as nations expand infrastructure like data centers.

20 days agoSource: The Hindu — Business1 sourceTrend 73

HDFC Bank considers challenging NCLT order on Subhash Chandra debt haircut

HDFC Bank is considering challenging a National Company Law Tribunal (NCLT) order that granted a 99.97% debt haircut to Subhash Chandra. The bank stated that its admitted claim represents only 3.2% of the total stated amount and noted that the loan facility was inherited from HDFC Limited following their merger.

19 days agoSource: NDTV Profit1 sourceTrend 73

Third Wave Coffee Raises Rs 408 Crore in Funding Led by WestBridge Capital

Indian coffee chain Third Wave Coffee has successfully secured Rs 408 crore in its latest funding round, as reported by The Hindu. The investment round was spearheaded by WestBridge Capital, marking a substantial capital boost for the brand's ongoing market presence and growth.

22 days agoSource: The Hindu — Business1 sourceTrend 73

Indian Rupee appreciates to 95.64 against US Dollar amid crude price concerns

The Indian rupee strengthened by seven paise to trade at 95.64 against the US dollar. Although bolstered by a significant rise in India's foreign exchange reserves, further gains were limited by importer demand and geopolitical tensions. Market cautiousness persists due to high Brent crude prices and anticipated sanctions on Iran's oil sector.

22 days agoSource: Times of India — Business1 sourceTrend 73

Deepa Jewellers sets IPO price band at ₹168-177 per share

Deepa Jewellers has fixed its initial public offering price band at ₹168 to ₹177 per share. The upcoming public issue will comprise a fresh issue of shares valued up to ₹250 crore, along with an offer-for-sale of up to 1.18 crore equity shares by existing shareholders.

19 days agoSource: The Hindu — Business1 sourceTrend 73

Consumer Court Orders Apple to Pay ₹1.09 Lakh Compensation Over Unresolved Defects

A consumer disputes redressal commission in Kerala has ordered technology giant Apple to pay ₹1.09 lakh in compensation to a customer. The panel found a deficiency in service after repeated defects in the device remained unresolved during its warranty period.

22 days agoSource: The Hindu — National1 sourceTrend 73

FICCI President Anant Goenka Raises Concerns Over India-Japan Trade Deal

FICCI President Anant Goenka has raised concerns regarding the India-Japan trade agreement, pointing out significant hurdles faced by Indian pharmaceutical companies. According to Goenka, Indian pharma firms are currently unable to register their products in Japan. His statements follow a call by Union Commerce Minister Piyush Goyal urging Japanese steel manufacturers to increase sourcing from India.

21 days agoSource: Times of India — Business1 sourceTrend 73

Bollywood-Backed Purple Style Labs Plans Rs 6.8 Billion IPO

Multibrand luxury fashion retailer Purple Style Labs, backed by Bollywood stars Shah Rukh Khan and Salman Khan, plans to launch an initial public offering (IPO). According to reports, the company aims to sell shares worth up to 6.8 billion rupees.

20 days agoSource: NDTV Profit1 sourceTrend 73

Lightspeed Exits PhysicsWallah, Sells Rs 550-Crore Stake In Block Deal

Lightspeed Opportunity Fund II LP has fully exited edtech firm PhysicsWallah by selling its entire stake of 4.67 crore shares. The transaction, valued at approximately Rs 550 crore, was executed at Rs 117.72 per share, with global investment firm Goldman Sachs reportedly among the buyers.

20 days agoSource: NDTV Profit1 sourceTrend 73

JPMorgan Unit to Contest Indian Regulatory Action Over Stock Auction Breach

A JPMorgan Mauritius unit is set to argue that its recent regulatory breach in India was merely technical. The market regulator recently banned the unit from Indian capital markets following allegations of manipulating the country's new closing auction for stock prices.

22 days agoSource: NDTV Profit1 sourceTrend 73

Flender Opens New Generator Manufacturing Facility in Chennai

Flender has opened a new generator manufacturing facility in Chennai. The launch marks a key expansion for the firm in the region. Further details regarding the investment size, capacity, and employment opportunities were not disclosed in the report.

22 days agoSource: Times of India — Chennai1 sourceTrend 73

Bombay High Court to re-hear Volkswagen $1.4 billion tax dispute after 1.5 years

The Bombay High Court is set to resume hearing a major tax dispute involving German automaker Volkswagen. The case, which concerns a $1.4 billion tax matter, is being taken up for a re-hearing after a gap of one and a half years. This litigation stands as one of the largest corporate tax disputes in the country.

21 days agoSource: India Today1 sourceTrend 73

Bajaj General Insurance launches health cover for families with pets

Bajaj General Insurance has introduced a health insurance policy tailored for families with pets. The policy covers in-patient hospitalisation, room rent, road and pet ambulance services. It also includes pre- and post-hospitalisation expenses, domiciliary care, and modern treatment methods.

20 days agoSource: The Hindu — Business1 sourceTrend 73

Trump's Iran Sanctions May Require Targeting China's Oil Imports, Report Suggests

Donald Trump's potential secondary sanctions aimed at economically isolating Iran may require targeting China, which purchases around 90% of Iran's crude oil exports. Observers question whether these threats will impact Beijing or effectively curb Iran's oil trade, given China's dominant role as its primary buyer.

21 days agoSource: Times of India — Business1 sourceTrend 73

Telangana and Karnataka explore joint venture for coal mining collaboration

Telangana and Karnataka are considering a joint venture for coal mining in blocks allocated to the Karnataka Power Corporation Limited (KPCL). Telangana Deputy Chief Minister Bhatti Vikramarka proposed a collaboration between the Singareni Collieries Company Limited (SCCL) and KPCL to foster mutual benefits for both states.

19 days agoSource: The Hindu — National1 sourceTrend 73