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361% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 4.61 lakh
SGB premature redemption date: The Reserve Bank of India has announced the premature redemption price for the SGB 2018-19 Series VI, allowing investors to redeem their bonds starting August 12, 2026, after a five-year term. Investors stand to gain substantial returns on their initial capital.
Ola Electric gets revised ACC PLI timeline, eyes Rs 7,240 crore incentive payout through 2031
Ola Electric's subsidiary received revised timelines for the ACC PLI scheme. This approval secures a full five-year incentive window through calendar year 2031. The company expects to unlock cumulative incentives of up to Rs 7,240 crore. Ola Electric is expanding its cell manufacturing capacity to meet these new targets.
India's small steelmakers could save money and cut emissions with switch to renewable power
Smaller steel firms in India can reduce electricity bills by one-third and cut carbon emissions by adopting renewable energy, which will offer substantial annual cost savings for these companies. For them, joint investments in clean power projects present a practical and viable solution. High costs and regulatory hurdles currently make this essential clean energy transition slow.
Husband claims Rs 20 lakh debt and lost his earning capacity due to the hostile atmosphere and false complaints by wife; HC rejects wifes higher maintenance claim but orders him to pay Rs 46 lakh for daughters education. Know why he lost the case in Madhya Pradesh High Court.
Instagram, YouTube music use could be costing Indias music industry Rs 350 crore a year
Indian music labels face over Rs 350 crore annual sync revenue loss. Unlicensed music use on social media platforms causes this significant financial impact. ContentLens offers an AI-powered solution to detect and recover this lost revenue. Their new managed Enforcement Service handles the entire process for music labels.
Bank of Baroda and Canara Bank have raised their lending rates. These banks increased their Marginal Cost of Funds Based Lending Rates by up to ten basis points. The revised rates for both banks become effective from August 12, 2026. Borrowers with loans linked to MCLR may see their interest payments rise. This decision follows the Reserve Bank of India's recent repo rate maintenance.
New Banking System: Now banking system will change, RBI Governor asked to increase spending on AI
RBI Governor: RBI Governor Sanjay Malhotra asked banks to increase the use of AI, invest in technology and training. Also advised to be cautious of data security, cyber risks and excessive dependence on AI. RBI AI News: Reserve Bank of India Governor Sanjay Malhotra on Tuesday asked banks to increase the use of Artificial Intelligence [] The post New Banking System: Now banking system will change, RBI Governor asked to increase spending on AI first appeared on informalnewz .
IndiGo flight from Kolkata lands safely in Chennai after left engine issue; full emergency withdrawn
Chennai Airport declared a full emergency for IndiGo flight 6E-723 from Kolkata after the aircraft developed a left engine inoperative condition. The aircraft landed safely on Runway 25 at 11:37 PM with 224 people onboard. Emergency arrangements were activated before landing and withdrawn at 11:47 PM. Airport operations remained normal, authorities said.
Employees working in manufacturing sector can clarity on what benefits they are entitled to and what their employer must provide, under new labour code rules. Read the article to know more.
The 50% presumptive taxation rule for professionals largely continues under the new Income-tax Act. However, Section 58(4) introduces a wider restriction on deductions and losses against presumptive income. Here is what professionals need to know before filing their returns.
South Western Railway begins Vande Bharat safety trials in critical Western Ghat Section
The field trials are significant considering the ghat section between Sakleshpur and Subrahmanya Road is among the most technically demanding stretches on the Bengaluru-Mangaluru railway line
India may have found the key to unlock its $5 trillion sleeping fortune
India plans to revamp its Gold Monetisation Scheme by involving jewellers, aiming to unlock household gold holdings estimated at 25,000-50,000 tonnes. Jewellers may get 0.75%-1% incentives, while cheaper domestic gold could lower financing costs. The scheme could reduce imports, which hit $71.9 billion in FY26. Trust, transparency and efficient gold tracking remain key challenges.
Are you an NRI looking to sell your property in India after relocating abroad? It's essential to understand the process of repatriating your funds. Discover the differences between NRE and NRO accounts, along with FEMA regulations and repatriation limits. Selecting the right bank account is critical for ensuring a hassle-free transfer of your sale proceeds overseas.
Dubai connection: Man claimed friend sent money to Dubai Emirates NBD bank a/c to start business but didn't disclose foreign assets in Schedule FA of ITR; ITAT Delhi upholds Rs 1.86 lakh penalty under Black Money Act, 2015. Know why did he lose the case.
Gold, silver ETF inflows plunge in July. Is it time to book profits or stay invested?
In July, there was a notable drop in inflows for gold and silver ETFs, despite high prices for precious metals. Analysts attribute this downturn to profit-taking following a robust rally. Nevertheless, ongoing positive inflows suggest that investor interest in gold remains strong. It is recommended that investors reassess their portfolios and adjust new investments accordingly.
Yokohama India unveils Geolandar X-CV tyre for SUVs and crossovers
Introducing Yokohama India's latest Geolandar X-CV tyre, designed exclusively for SUVs and crossovers. This tyre promises enhanced wet grip and durability, outperforming standard alternatives on the market. Ideal for those seeking optimal wet-road handling and high-speed steadiness, the Geolandar X-CV is available in sizes from 16 to 20 inches, ensuring a smooth and low-noise driving experience.
As AI makes answers instant, schools face a bigger question: How do we teach students to think?
As AI tools offer instant answers, students face a new challenge: understanding the 'why' behind solutions. The ET Masterclass AI for Academic Excellence addresses this by teaching students to use AI as a learning companion, not a shortcut. The program emphasizes questioning AI outputs, promoting active learning, and developing critical thinking skills for academic success and future readiness.
AvenuesAI's consolidated revenue from operations more than doubling 109% year-on-year to Rs 2,680.4 crore and profit after tax rising 45% to Rs 84.76 crore. The fintech firm also raised its FY27 revenue guidance to Rs 11,000-13,000 crore and outlined plans to expand CCAvenue in the US, unlock Rediffs digital potential and build its AI-led Transaction Intelligence Score platform.
Russias petrol crunch sends Moscow shopping for Indian fuel
Russia has imported petrol from India for the first time as Ukrainian attacks on its refineries deepen domestic fuel shortages. Kpler data showed the first shipment arrived on August 5, with more potentially following. Nayara Energy supplied the fuel, shipped through Russian-linked tankers via Egypt. Refinery disruptions have cut Russian processing rates, forcing Moscow to curb fuel exports.
Cash transfers for women: Do direct benefits really improve household welfare Experts explain
More than 15 states have unconditional cash transfer schemes for women across India, costing roughly 2.68 lakh crores and reaching almost 120 million beneficiaries. These schemes provide regular unconditional monthly payments ranging from 1,000 to 2,500 to support financial independence.
Hybrid cars in India 2026: Best models, prices, mileage and why buyers are considering them
Best flexi cap mutual funds to invest in August 2026
Flexi cap schemes are typically recommended to moderate investors to create wealth over a long period of time. Ideally, one should invest in these schemes with an investment horizon of five to seven years.
Fixed deposit interest rates: Union Bank of India, DCB Bank and Indian Bank have revised their fixed deposit (FD) interest rates. These revised rates are effective from early August 2026.
7 ways to know if your investment is dead money (and what to do about it)
Maharashtra FDA cracks down on Ayurvedic drug makers, cancels 10 licences
Maharashtra FDA has launched a statewide crackdown on Ayurvedic drug manufacturers. Inspections revealed serious violations of manufacturing and quality control standards at many establishments. Following these findings, 135 manufacturers received show-cause notices for non-compliance issues. Ten manufacturers had their licenses permanently cancelled due to major violations affecting public health. The FDA is ensuring Ayurvedic medicines meet required standards and addressing public health lapses.
SGB 2018-19 Series VI premature redemption begins today, with the RBI fixing the redemption price at 15,102 per unit. Investors who bought the bonds at the 3,276 issue price stand to gain around 361%, excluding the 2.5% annual interest.
Entities filing ITR-7 saw their total income tax liability nearly triple to 1,043 crore in AY 2025-26 from 356 crore in AY 2021-22. The government data covers charitable and religious trusts, political parties, universities, colleges and research institutions filing ITR-7.
EPFO has updated services for salaried employees, streamlining PF access and transfers. Here are the top five new features and updates to know.
Banking on govt to clear Maidan Market block: Metro GM
Air India flight captain tests positive for substance abuse
An Air India pilot who operated the Phuket-Delhi flight that rapidly lost around 300 feet, injuring 17 passengers, tested positive for marijuana in a confirmatory test. DGCA rules allow rehabilitation after a first positive test, while Air Indias policy mandates termination.
Sun will require HC nod for Semaglutide tablet launch
The Delhi High Court has directed Sun Pharma Laboratories to seek its approval before launching semaglutide tablets, following Novo Nordisks patent infringement plea. The court also sought Sun Pharmas response to Novo Nordisks claim of patent protection for the tablet formulation.
Centre extends e2w subsidies under PM E-DRIVE till March 2028, boosts outlay to Rs 11,900 crore
Government subsidies for electric two-wheelers will continue until March 2028. The PM E-DRIVE scheme now has an additional 1,000 crore allocated. Electric two-wheeler sales have already surpassed initial program targets. Electric three-wheelers no longer require these government incentives. Electric buses received the largest subsidy allocation under the PM E-DRIVE scheme.
Zee seeks clarity on promoter fundraise
Zee Entertainment seeks SEBI clarification on its proposed fundraise from promoters. The company also challenged the regulator's market access ban order at SAT. Hearings for the ICC TV rights dispute arbitration with JioStar have concluded. Both parties are now filing post-hearing briefs for the arbitration. An outcome for the arbitration is anticipated possibly in the third quarter.
Regulator mandates full review of globally unapproved drugs
Indias drug regulator has clarified that new drugs not approved anywhere globally must undergo the full domestic regulatory process, even if Indian patients participated in global clinical trials. CDSCO said such applications require comprehensive safety and efficacy evaluation under existing rules.
Offline vs Online: Appliance brands change models to ease discount war
Manufacturers are now selling distinct product versions online and in physical stores. This strategy aims to reduce conflicts arising from e-commerce discounting practices. Companies like LG and Haier offer varied features and warranties across sales channels. Online sales are steadily increasing their market share for appliances and electronics. This approach helps maintain relationships with a large dealer network.
Parents throw son out of property for not taking care of them: Bombay High Court agrees
The Bombay High Court ordered a son to vacate two properties gifted by his parents due to his failure to care for them, leading to a breakdown of relations. The court upheld that the gift deed conditions were unmet, justifying the property revocation.
Railway coach supply to Bangladesh resumes a decade later
Indian Railways will resume supplying passenger coaches to Bangladesh after a decade. The Rail Coach Factory in Kapurthala is dispatching a 19-coach rake for Bangladesh Railway. This shipment includes AC sleeper, AC chair, and non-AC chair cars. The project is funded by the European Investment Bank and awarded to RITES. These coaches feature crashworthy design and a 415 V electrical system.
Will UPI MDR add extra cost to your monthly SIPs? Plan type and investment mode matter, say experts
Mutual fund investors could face additional costs if UPI MDR is introduced on such transactions under the new framework. The impact may vary depending on the investment plan, payment mode, transaction size and who ultimately bears the cost.
The govt released 21.35 crore worth of scholarships via DBT for over 6,000 agriculture students this week. Here's how you can log into the NSP website and send a fresh application online.
Your 20s can offer a powerful financial advantage: time, fewer responsibilities and the opportunity to build disciplined investing habits early. Experts explain how Gen Z can use SIPs, manage debt, control lifestyle inflation and avoid common investing mistakes to build long-term wealth.
Air India pilot on Phuket-Delhi flight tests 'positive' for marijuana: Report
The pilot-in-command of an Air India Phuket-Delhi flight tested positive for marijuana after a recent incident. This confirmatory test followed an initial non-negative screening report received upon arrival. The incident occurred on a Phuket-Delhi flight which experienced a sudden loss of altitude. The AAIB is investigating the circumstances surrounding the flight's turbulence and has urged public to avoid drawing conclusions on the matter.
Delhi High Court ruled that the insurance company must pay compensation to Yashpal as determined by the commissioner 7.86 lakh with 12% interest.
Many credit card users are falling into debt traps due to the Minimum Amount Due option. Misleading practices often occur without users' awareness, leading to unexpected charges and the loss of interest-free periods.
The EPFO has issued 1,49,806 pension payment orders for higher contributions to retired applicants following a 2022 Supreme Court order. Here's a stepwise guide for how subscribers can check your claim on portal, Umang app, SMS, or missed call.
Parliamentary standing committee on transport suggests overhaul of the state bus transport system
Headed by Rajya Sabha MP Sanjay Kumar, the committee on transport, tourism and culture presented its 392nd report on Enabling Inclusive, Digital and Sustainable Bus Transport: Policy, Regulation and Public-Private Partnership for Next-Gen Mobility on Tuesday, calling for greater safety of passengers and enhanced accountability of bus operators.
Karnataka tightens food safety rules as hotel inspections uncover tonnes of unsafe food
Karnataka has issued a detailed food-safety advisory for hotels, restaurants, caterers and food businesses amid intensified inspections across Bengaluru. The guidelines mandate strict hygiene, safe storage, temperature controls, food-handler health checks, pest control and proper waste disposal. The move follows recent inspections that found large quantities of expired, rotten and mislabelled food.
US-based Amgen to open science and innovation center at Genome Valley in Hyderabad
Amgen will open a new science and innovation center in Hyderabad's Genome Valley. This facility is expected to become operational by the year 2027. The center will integrate experimental science with data and technology. It will expand Amgen's global research and development capabilities significantly. This investment highlights Hyderabad's growing importance as a global research hub.
Missing just five of the markets best-performing days over the last 21 years could have made a significant difference to investors wealth. The impact was visible across large-, mid- and small-cap indices, with the wealth gap running into several lakhs.
MSPDCL Secures Power Banking To Tackle Anticipated Winter Shortage
The Manipur State Power Distribution Company Limited (MSPDCL) has secured return-energy banking arrangements of up to 5066 MW during daily peak hours from December 2026 to March 2027 as part of measures to manage the anticipated power shortage during the coming winter. MSPDCL Managing Director M. Rabi Singh said the arrangement would enable the State... The post MSPDCL Secures Power Banking To Tackle Anticipated Winter Shortage first appeared on Northeast Today .
Selling jointly owned property by NRI: How will capital gains be taxed?
An NRI and her resident sister can face different capital-gains tax treatment on the same property, while the resident co-owner can independently claim the reinvestment exemption.
8th pay commission: Here's how revision in fitment factor with CPC hikes of either 2, 2.38, and 2.57 could impact salary increase for mid-career central government employees at levels 6, 7 and 8.
AI can transform banking, but data, privacy, governance remain key challenges: CEOs
Top bank CEOs discussed AI's beneficial use in banking operations. They highlighted generative and agentic AI for customer service and internal improvements. Data quality and governance frameworks are critical challenges for effective AI deployment. Banks must invest in employee reskilling and maintain human oversight of AI systems. AI promises improved customer experience and faster technology implementation.
Park at your own risk: How Indias parking crunch could dent your car insurance claims and coverage
Indias parking crunch is creating risks beyond scratches and dents. Flooding, theft, and falling objects can turn a parked vehicle into a costly problem. But does your motor insurance cover these risks, and does your parking location affect your financial protection? Find out the experts view.
Apple Pay is likely coming to India: What iPhone users can and cant do without UPI at launch
Apple Pay is expected to launch in India by October, initially supporting only Visa and Mastercard credit cards. UPI payments may not be available at launch due to necessary approvals.
Telecom operators flag 24.4 billion spam calls, messages in April-June: TRAI
Telecom operators flagged 24.4 billion calls and messages as suspected spam during April-June. AI systems identified 22.9 billion calls and 1.4 billion SMSes as unsolicited communications. Consumer complaints rose significantly, with 10.8 lakh received during the quarter. Most complaints were filed through the Do Not Disturb app.
Air India SATS signs pact with Concor arm to streamline cargo transportation
Air India SATS Airport Services and Concor Air Limited have signed an initial pact. This collaboration aims to expedite cargo movement from Dadri to Noida International Airport. The agreement will facilitate seamless handling of customs-cleared transhipment cargo for international dispatch. This partnership strengthens AISATS' air cargo operations by deepening inland freight network connectivity. The initiative seeks to create a more efficient and integrated pathway for cargo movement.
Effective tax rate of 34.94% under old and 28.60% under new tax regime; know how REIT, InvIT unitholders can benefit if trusts' switch tax regime. REIT, InvIT unitholders can gain from new tax regime.
Tax liability of ITR-7 filers triples in 5 years to Rs 1,043 crore
In a significant financial shift, the tax burden for ITR-7 filers has climbed to Rs 1,043 crore in the Assessment Year 2025-26, a figure that is about threefold compared to five years back. This information, shared with Parliament by the Minister of State for Finance, highlights the growing obligations faced by trusts, political organizations, and academic institutions submitting ITR-7.
The Employees' Provident Fund Organisation (EPFO) has made it easier for members to access their savings by modifying withdrawal regulations. Now, individuals can withdraw up to seventy-five percent of their accumulated balance twice a year. In cases of unemployment, members can access seventy-five percent of their provident fund immediately.
Worried About Online Banking Frauds? RBI Says AI Could Help Protect Your Money
AI may help banks fight smarter fraudsters, but the biggest financial losses still come from a different source.
Mutual fund NFOs: 25 schemes collect Rs 2,022 crore in July; Choice Overnight Fund leads
Mutual funds launched 25 new open-ended schemes in July, mobilising 2,022 crore. Equity funds raised the most at 768 crore, followed by overnight, hybrid and index funds, while ETFs and lifecycle funds attracted comparatively smaller inflows.
Air India outgoing CEO summoned over Phuket-Delhi flight's altitude loss: Report
India's aviation ministry summoned Air India's outgoing CEO regarding a recent flight incident. The aircraft experienced a sudden altitude loss, causing passenger and crew injuries. Multiple technical issues and turbulence were reported during the flight. Investigators are examining the serious incident with international assistance. Confirmatory test results for the pilot-in-command are currently awaited.
Godrej Consumer Products appoints Aasif Malbari as CEO, replacing Sudhir Sitapati
With the appointment of Aasif Malbari as the new managing director and chief executive officer, a transition is underway at the helm. He takes over from Sudhir Sitapati, who departs after five impactful years. Malbari, who was serving as GCPLs global chief financial officer, brings significant experience from the FMCG and automotive sectors, focusing on strengthening core business operations and fast-tracking the expansion of new categories.
Fusion Finance aims to cut microfin share, offer larger retail loans
Fusion Finance plans to reduce microfinance loans to seventy percent by fiscal 2029. The company will introduce larger individual loans while focusing on small business lending. Assets under management aim to reach ten thousand crore rupees this fiscal year. This diversification follows regulatory changes allowing more non-microfinance loan options.
RBI curbs on NBFC flexi credit may push lenders towards bullet loans, raise costs: Kotak
The Reserve Bank of India's (RBI) proposed restrictions on revolving credit facilities offered by non-banking financial companies (NBFCs) may increase operational challenges for lenders, reduce their returns and raise costs for borrowers, Kotak Institutional Equities said in a report.
DA hike: West Bengal govt to launch website for 7th pay commission Check top updates here
DA hike: The West Bengal government will launch a dedicated website for its 7th pay commission, according to a senior official. The panel will post proceedings and official information on the portal.
Family bought reservation ticket to travel to Tirupati but due to overcrowding manyunreserved, waiting list and ticketless passengers occupied their seats; family files case and wins Rs 50,000 compensation. Know how they won the case in consumer commission
AMFI July 2026 data shows a sharp shift in investor inflows. Small-cap funds surged 39%, debt staged a recovery from outflows to inflows, while SIPs stayed above 31,000 crore. But rising mid-cap and small-cap valuations raise a fresh concern.
RBI Governor lists 5 ways AI can transform credit, services, inclusion & fraud detection in banking
Retiring with 75 lakh? Experts reveal how much to keep in cash and where to invest the rest
Retiring with 75 lakh? Here is a practical retirement corpus allocation across cash, bank FDs and equity mutual funds, balancing emergency needs, regular income, inflation protection and long-term financial stability.
Instamart expands Northeast sourcing, brings Meghalaya pineapples to Bengaluru
Instamart is expanding its fresh produce sourcing network across Northeast India. Meghalaya's pineapples are now available to customers in Bengaluru through this initiative. This plan aims to create new markets for farmers and FPOs in the region. The company is exploring sourcing other GI-tagged products from various Northeast states.
2 years vs 10 years: What investors lose by stopping SIPs early and why staying invested matters
Investors often quit SIPs too early, driven by market volatility. Data shows that holding SIPs longer significantly reduces the risk of loss, highlighting the importance of a long-term perspective in investing.
Buyer purchased Rs 8.85 crore worth property by paying Rs 6.5 crore; Tax dept sent notice for unexplained property investment u/s 69B; Know how the buyer won case in ITAT Mumbai. Read the article
Philips India is focusing on growing healthcare infrastructure and artificial intelligence. The company's R&D footprint in India is significantly strengthening its global operations. Investments will continue to support Philips' positive growth story in the country. Philips sees opportunities in sleep and respiratory care as awareness increases. The company prioritizes value over price when facing competition from other firms.
Activated carbon exporters face banking curbs in shipping to Russia, Sudan
Joshy Joseph questioned the rationale behind such restrictions when India continues to import crude oil from Russia and asked why activated carbon cannot be exported because of EU sanctions
What minimum due really costs credit card users
Some credit card users who rely on autopay say they have found their payment settings switched to the minimum due without their knowledge. Heres what your credit card isnt telling you.
Vodafone Idea secures Rs 6,400 crore in first funding tranche from SBI-led banks after AGR relief
The telecom operator Vodafone Idea is in the process of raising capital from a mix of public sector and private lenders, showcasing significant advancement in its funding strategy. They have successfully closed the initial tranche amounting to Rs 6,400 crore, factoring in warrant proceeds and various debt facilities. The company remains engaged with lenders to fortify its overall financial health.
In a landmark judgment, the Allahabad High Court affirmed that a child adopted by a widow is entitled to inherit the property of her deceased husband. This ruling addresses long-standing confusion over the legal status of adopted children in inheritance matters.
Major Indian banks and travel aggregators provide different foreign exchange rates. Check these rates, effective from 7 August 2026.
Vikas Khemani elected APMI Chairman, Sandeep Jethwani Vice-Chairman
APMI appointed Vikas Khemani as Chairman and Sandeep Jethwani as Vice-Chairman following its August 10 board meeting. The new leadership will focus on transparency, governance, investor education, technology adoption and industry best practices. Indias PMS industry had Rs 43.3 lakh crore in AUM as of June 2026, highlighting its growing importance.
RSWM, Spain's NDS9 form JV to set up Rs 186 crore premium apparel facility
RSWM Ltd and Noize Design Studio have formed a joint venture for premium apparel. LNJ NDS9 Global Private Ltd will focus on denim and activewear for international brands. The new facility will integrate Industry 5.0 principles and advanced sustainable technologies. Initial investment is Rs 186 crore, with phased production capacity increases planned.
Man sentenced to three years jail for using aluminum foil in Kaju Katli instead of silver foil; he wins case in Gujarat HC due to food inspector's error in collecting samples under Rule 14 of the Prevention of Food Adulteration Rules, 1955. Know how he won case in Gujarat High Court.
Apple Pay coming to India in October, UPI support may be delayed: Report
Apple Pay may launch in India this October without UPI support. The service will initially use tokenized Visa and Mastercard credit cards. This allows iPhone and Apple Watch users contactless payment options. UPI integration is expected later due to ongoing technical discussions. Apple faces challenges adapting its global payment system to India's market.
Tribeca, Ira Realty to invest Rs 2,000 cr to build Trump-branded housing project in Hyderabad
Tribeca Developers and Ira Realty will launch a Trump-branded luxury housing project in Hyderabad. This significant development involves an investment of approximately two thousand crore rupees. The project will feature two sixty-five-storey buildings with four hundred fifty apartments. It marks the Trump brand's first venture into South India.
Table Space files DRHP with Sebi for 800 crore fresh issue, OFS
The managed workspace provider's IPO will also include an OFS of up to 65.48 million shares, with proceeds earmarked for debt repayment, acquisitions and corporate purposes
SC ruling may widen motor insurance cover for vehicle occupants, pillion riders
Motor insurance policyholders will receive broader occupant protection following a Supreme Court ruling. The court directed the insurance regulator to standardize policy wording for occupant and pillion rider covers. This move aims to bring greater clarity on passenger protection in accident claims. Insurers are assessing the impact of this ruling on motor claims costs. Separately, mandatory third-party insurance enforcement for new vehicles is being explored.
Value vs contra funds: whats the difference and how you can use these funds?
Value investing looks for stocks priced below their fundamental worth, while contra investing bets that market pessimism has gone too far.
Coal India weighs acquiring Wealth Minerals unit with Chile lithium assets
Coal India is exploring acquiring a Chilean unit of Wealth Minerals. This move aims to secure vital lithium resources for electric vehicle batteries. The companies jointly applied for a lithium extraction license in Chile. Acquisition decisions will follow the license approval process. India seeks to reduce reliance on China-dominated mineral supply chains.
Goldman Sachs names Chandresh Chheda as co-head of India investment banking
Goldman Sachs has appointed former JPMorgan executive Chandresh Chheda as managing director and co-head of India investment banking. His appointment comes as Indias IPO, ECM and M&A markets remain strong, with Goldman expanding its dealmaking franchise.
Eternal helped you save time. Now it wants to help you spend it
Eternals District is betting Indias next consumer internet boom will come from helping people spend time outside home. As dining, shopping, movies, sports and live events grow, District aims to become the digital layer for offline consumption. The strategy reflects a broader shift from convenience to experiences, while Eternal targets rising urban leisure spending and cross category engagement in India.
