Daily Excelsior

NEW DELHI, Mar 18: Realty firm Godrej Properties Ltd has acquired 20 acres in Bengaluru to develop a housing project with an estimated revenue of Rs 1,350 crore. In a regulatory filing on Wednesday, the company said it has acquired a 20-acre land parcel in East Bengaluru. Godrej Properties did not mention the land cost. The company plans to develop a premium residential project on this site with an estimated revenue potential of approximately Rs 1,350 crore, the company said. [] The post Godrej

NEW DELHI, Mar 16: Three companies travel technology firm Travelstack Tech, Learnfluence Education, which operates the Lakshya coaching centres, and tea cafe chain Tea Post have received approval from Sebi to raise funds through Initial Public Offerings (IPOs), according to an update from the market regulator on Monday. Meanwhile, Rays Power Infra, Madhur Iron & Steel and Arjun Jewellers saw their documents withdrawn or returned during March 9-13, the update showed. The development comes at a

New Delhi, Mar 16: India has evacuated over 550 of its nationals from Iran through Armenia, with External Affairs Minister S Jaishankar thanking Yerevan on Monday for facilitating the land-border transit. New Delhi has been urging Indian nationals stuck in Iran to cross over to Armenia for subsequent travel to India in view of the escalating conflict in West Asia. Thank the Government and the people of Armenia for facilitating the safe evacuation of over 550 Indian nationals from Iran [] The pos

NEW DELHI, Mar 16: PhonePe on Monday announced it has temporarily deferred its public market listing process due to the current geopolitical conflicts and market volatility and will resume the listing process once there is some stability in global capital markets. Sameer Nigam, PhonePes CEO said, We sincerely hope for a swift return to peace in all the affected regions. We remain committed to a public listing in India. (PTI) The post PhonePe temporarily pauses IPO listing process appeared first

COLOMBO, Mar 14: Sri Lanka has repatriated the remains of 84 Iranian sailors who were killed when their frigate was sunk by a US submarine, an official said. Last week on Wednesday, Sri Lanka said it had recovered 84 bodies of Iranian sailors after the US submarine attack sank the Iranian frigate IRIS Dena off Galle on the islands southern coast. The ship was returning to Iran from Visakhapatnam, India, where it had participated in a naval fleet review exercise. [] The post Sri Lanka repatriates

Dubai, Mar 13: As American and Israeli strikes pound the Islamic Republic and Iran attacks Persian Gulf shipping and energy infrastructure with no sign of an end to the war, oil prices have soared back above $100 a barrel. Intense strikes hit Tehran and areas surrounding Irans capital, as Iran continued striking at neighboring Arab Gulf States. US President Donald Trump promised to finish the job, even as Iran is virtually destroyed. The first week of war cost the United [] The post US Hits Iran

New Delhi, Mar 12: Meta-owned WhatsApp has unveiled a new parent-managed account model, effectively opening the messaging platform to pre-teens (children under the age of 13) under strict guardian oversight. The move marks a strategic shift for the messaging app, which has historically maintained a minimum age requirement of 13 (or higher in some regions). With input from families and experts, were rolling out new parent-managed accounts that allow parents or guardians to set up WhatsApp for pre

New York, Mar 12: An Indian national has reportedly been killed in an attack carried out by Iran using a suicide boat against a US-owned oil tanker near Iraq. US-owned and Marshal Island-flagged oil tanker Safesea Vishnu was attacked off Khor Al Zubair port inside Iraqs territorial waters by an Iranian suicide boat, sources told PTI. An Indian national, whose name is being withheld at the moment, has reportedly been killed in the attack while the remaining 27 crew and [] The post Indian National

MUMBAI, Mar 11: The rupee declined 16 paise to settle at 92.01 (provisional) against the US dollar on Wednesday, weighed down by a sharp rise in global crude oil prices and a stronger greenback as the war in West Asia raged on. FII outflows and weak sentiments in the domestic equity markets further pressured the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 91.92 against the US dollar and traded in the range [] The post Rupee falls 16 paise to clo

Kochi, Mar 11: Prime Minister Narendra Modi on Wednesday said the change of name of the state from Kerala to Keralam by the Centre was a joyful moment for Malayali brothers. The PM was speaking at the golden jubilee celebration of the Akhila Kerala Dheevara Sabha, an organisation that works for the welfare of the fishing community in the state. In his inaugural address, Modi appreciated the role of the fishing community during the 2018 floods in Kerala, lauding their [] The post Change In Name O

NEW DELHI, Mar 10: The Government on Tuesday eased norms for foreign direct investment from all countries, including China, that share land borders with India, sources said. They said press note 3 of 2020 has been amended in this regard. The decision was taken in a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi. Under this press note, foreign companies having shareholders from these countries required mandatory government approval for investments in India in any sector. Cou

New Delhi, Mar 9: Civil Aviation Minister K Rammohan Naidu on Monday informed the Rajya Sabha that the AAIB probe into the fatal crash of the Air India aircraft in June last year is progressing at a very good pace, and the investigation report will be out very soon. Replying to a supplementary query during the Question Hour in the Rajya Sabha, Naidu said the ministry is doing its best to ensure flight operations and to bring back Indians stranded [] The post Govt Says Air India Plane Crash Probe

New Delhi, Mar 9: Opposition MPs, including Congress president Mallikarjun Kharge, former party chief Rahul Gandhi and SP chief Akhilesh Yadav, staged a protest in Parliament House complex on Monday, demanding a discussion on the West Asia conflict and slamming the government for its silence on critical issues related to it. Earlier, opposition parties floor leaders met in Leader of Opposition in the Rajya Sabha Kharges chamber in Parliament House complex to deliberate on the strategy for the se

New Delhi, Mar 9: Prime Minister Narendra Modi on Monday called for accelerating the process of linking the countrys education sector to the real world economy. Addressing a post-budget webinar, he said the focus on subjects like AI and automation needs to be increased. We will have to accelerate the process of linking our education system to the real world economy even further We will have to increase our focus on subjects like AI and automation, digital economy and design-driven [] The post Fo

NEW DELHI, Mar 8: The government has set up a 17-member committee to suggest larger reforms in the policy for special economic zones (SEZs), an official said. It will submit a concept paper or roadmap or suggestions or amendments within six months along with its recommendations for broad-based and comprehensive reforms to formulate a SEZ 2.0 policy. It will undertake a background study focused on the harmonisation of various prevalent export promotion schemes, including SEZs, export-oriented uni

New Delhi, Mar 8: The second half of the Budget session of Parliament is set for a stormy start on Monday, with the Lok Sabha scheduled to take up the opposition-sponsored resolution seeking the removal of Speaker Om Birla. The ongoing conflict in West Asia is also likely to figure prominently as the opposition is already attacking the government over its stance towards Iran, the US waiver on Indias Russian oil purchase, among other issues. Besides, the outcome of the [] The post Budget Session

NEW DELHI, Mar 8: As the mercury starts rising, leading room airconditioner makers are increasing prices in the range of 5-15 per cent to offset sustained increases in raw material costs and supply chain expenses. The hikes, being rolled out between February and April, come just ahead of the peak summer season when demand typically surges. Leading players, including Daikin, Voltas, Blue Star, LG, Haier, and Mitsubishi Heavy Industries, have announced increases across models, passing on higher in

NEW DELHI, Mar 7:The peak power demand is projected to be around 270 GW this summer and there will no affect on regular electricity supply due to West Asia crisis, Minister of State for Power Shripad Yesso Naik said on Saturday. Ministry of Power had projected 277 GW of peak power demand during last summer (April 2025 onwards). Peak power demand in June 2025 was 242.77 GW. According to the government data, the peak power demand met or the highest [] The post Peak power demand to be at 270 GW thi

MUMBAI, Mar 5: Indias clean energy technology industry has emerged as one of the fastest-growing talent markets, with recruitment surging 56.6 per cent in two years, driven by strong policy push and rising investments towards green energy transition, a report said. Roles in the cleantech sector includes those of design engineer, process engineer, production engineer, manager operations and maintenance, among others. According to the report by HR solutions provider CIEL HR, the cleantech sector

New Delhi, Mar 3: Prime Minister Narendra Modi on Tuesday spoke to Sultan Haitham bin Tarik of Oman and Crown Prince of Kuwait Sheikh Sabah Al-Khaled Al-Hamad Al-Mubarak Al-Sabah, and expressed concern over attacks on their countries during the ongoing conflict in West Asia, officials said. In his telephonic conversations, Modi also discussed with the two leaders the welfare and security of the Indian community residing there. The prime minister spoke to two important leaders from the Gulf regio

NEW DELHI, Mar 3: India holds about 100 million barrels of commercial crude oil stocks in storage tanks, underground strategic reserves and on ships voyaging towards the country which could cover roughly 40-45 days of its requirement if flows through the Strait of Hormuz are disrupted, according to Kpler. India imports about 88 per cent of the crude oil it needs the raw material for fuels such as petrol and diesel with more than 50 per [] The post Indias 100 mn barrel crude stocks could cove

NEW DELHI, Mar 2: Retirement fund body EPFO on Monday fixed the interest rate on employees provident fund (EPF) deposits for 2025-26 at 8.25 per cent, retaining the rate for the second consecutive year, a source said. In February last year, the EPFO retained the 8.25 per cent rate of interest for 2024-25 fiscal year. The Employees Provident Fund Organisation (EPFO), in 2024, increased the interest rate marginally to 8.25 per cent for 2023-24, from 8.15 per cent in 2022-23. [] The post EPFO retai

New Delhi, Mar 2: Retirement fund body EPFO on Monday fixed the interest rate on employees provident fund (EPF) deposits for 2025-26 at 8.25 per cent, retaining the rate for the second consecutive year, a source said. In February last year, the EPFO retained the 8.25 per cent rate of interest for 2024-25 fiscal year. The Employees Provident Fund Organisation (EPFO), in 2024, increased the interest rate marginally to 8.25 per cent for 2023-24, from 8.15 per cent in 2022-23. [] The post EPFO Retai

New Delhi, Mar 2: The Union Home Ministry has asked states to keep an eye on pro-Iran radical preachers giving inflammatory statements that may result in violence in the wake of the Israel-US attack on Iran, officials said. In a letter circulated to all states on February 28, the Ministry also asked all states and UTs to keep vigil on social media activities of extremists and global terror group handles, they said. Advising the states to ensure that no law-and-order [] The post Govt Asks States

KARACHI, Mar 1: At least six persons were killed and several injured on Sunday after clashes broke out between police and protesters outside the US Consulate in Karachi, Pakistan, following the killing of Iranian Supreme Leader Ali Khamenei in the US-Israel strike on Iran. A large number of demonstrators were gathered around the consulate, prompting local police to use tear gas and fire warning shots to disperse the crowd, police said. Edhi Information confirmed that six people have been killed

NEW DELHI, Mar 1: Car market leader Maruti Suzuki India on Sunday reported a 7.32 per cent rise in total sales to 2,13,995 units in February 2026 compared to 1,99,400 units a year earlier. Total domestic passenger vehicle sales were marginally up at 1,61,000 units last month against 1,60,791 units in February 2025, Maruti Suzuki India said in a regulatory filing. Sales of the mini car vertical, comprising Alto and S-Presso, increased slightly to 10,238 units from 10,226 units in [] The post Maru

NEW DELHI, Mar 1: Foreign portfolio investors (FPIs) infused Rs 22,615 crore into Indian equities, marking the highest monthly inflow in 17 months, driven by the interim India-US trade deal, correction in domestic market valuations and robust third-quarter corporate earnings. The latest buying follows three consecutive months of heavy selling. FPIs pulled out Rs 35,962 crore in January, Rs 22,611 crore in December and Rs 3,765 crore in November, according to data from the depositories. Overall,

NEW DELHI, Mar 1: The combined market valuation of nine of the top-10 most valued firms eroded by Rs 2,18,902.09 crore last week, with Bharti Airtel taking the biggest hit in line with a bearish trend in equities. Last week, the BSE benchmark tanked 1,527.52 points or 1.84 per cent. Equity markets ended the week under notable pressure as persistent geopolitical tensions and weakness in technology stocks weighed on sentiment, Ajit Mishra, SVP, Research, Religare Broking Ltd, said. From the [] The

MUMBAI, Feb 27: Benchmark indices Sensex and Nifty tumbled over 1 per cent on Friday due to fresh foreign fund outflows and subdued global trends amid rising geopolitical risks. The lack of progress in USIran nuclear talks has intensified concerns of further escalation of Middle East tensions, experts said. The 30-share BSE Sensex tanked 961.42 points or 1.17 per cent to settle at 81,287.19. During the day, it dropped 1,089.46 points or 1.32 per cent to 81,159.15. The 50-share NSE [] The post St

NEW DELHI, Feb 26: JSW Motors on Thursday said it has partnered with the Tata Indian Institute of Skills to establish a structured technical talent pipeline ahead of the commissioning of its manufacturing plant at Chhatrapati Sambhajinagar in Maharashtra. The collaboration marks the first step for the new energy vehicle manufacturing company of the JSW Group to build an industry-leading skilling ecosystem, one that begins at the plant floor and extends across the entire manufacturing value chain

MUMBAI, Feb 26: The rupee slipped 1 paisa to settle at 90.92 (provisional) against the US dollar on Thursday, weighed down by a rise in global crude oil prices and a firm greenback against major rivals. However, foreign fund inflows supported the local unit and prevented the decline, forex traders said. At the interbank foreign exchange, the rupee opened at 90.86 against the greenback and traded in a narrow range of 90.81-90.93 during the session. Eventually, it closed at 90.92 [] The post Rupee

New Delhi, Feb 26: Reliance Group chairman Anil Ambani on Thursday appeared before the Enforcement Directorate here for a second round of questioning in connection with an alleged bank fraud-linked money laundering case. The 66-year-old businessman entered the federal probe agencys office in central Delhi around 10.30 am. Officials in the agency said they will record his statement under the provisions of the Prevention of Money Laundering Act (PMLA). He was first questioned by the ED in August 2

NEW DELHI, Feb 25 : The government has mandated the sale of petrol with up to 20 per cent ethanol and a minimum Research Octane Number (RON) of 95 across all states and Union Territories from April 1, 2026. The oil ministry in a February 17 notification, said, the central government hereby directs that oil companies shall sell ethanol-blended motor spirit (petrol) with percentage of ethanol up to 20 per cent as per the Bureau of Indian Standards specifications and [] The post Govt mandates sale

Jammu, Feb 25: The Delhi-Amritsar-Katra Expressway, the fifth major expressway being developed in the country, is set for completion by March 2027, a senior official of the National Highways Authority of India said on Wednesday. The construction of the National Expressway 5 (NE5), which began in April 2021, had significantly slowed last year due to Operation Sindoor as well as heavy rains and floods across northern states. Once completed, the project is expected to considerably enhance regional

New Delhi, Feb 25: Communications Minister Jyotiraditya Scindia on Wednesday slammed the absurd and shocking demands and arrangements linked to a senior BSNL directors proposed Prayagraj visit, calling them unacceptable and said that a show-cause notice has been issued. The Ministers comments assume significance as controversy erupted after details of extensive hospitality arrangements for BSNL Director Vivek Banzals official visit surfaced online, including requests for personal care items such

NEW DELHI, Feb 25:IPO-bound OYOs parent entity PRISM on Wednesday announced the appointment of former SEBI Chairman Ajay Tyagi as an Independent Director on its Board. His appointment comes as PRISM aims to further strengthen its board and governance framework as it strives to grow and access the public markets. Tyagi joins an experienced board with expertise across governance, consumer businesses, technology and strategic investments, OYO said in a statement. The board comprises Independent Dir