The Union Budget 2025-26 has made annual incomes up to Rs 12 lakh tax-free. However, this limit can be increased to Rs 17 lakh by availing of certain allowances, provided your company makes adjustments to your salary structure. These allowances, as per the Income Tax Act, are exempt from income tax under the new regime…
In a recent episode of Shark Tank India, an intense exchange unfolded between the investors, known as sharks, and Mohit, the founder of Born Good, a detergent brand. Mohit sought an investment of Rs 70 lakh for 1% equity in his company, valuing it at Rs 70 crore. Despite his impressive credentials, including 14 years…
Nithin Kamath, CEO of online brokerage platform Zerodha, has raised concerns about India’s escalating air pollution levels following New Delhi and Mumbai’s ranking among the world’s costliest cities in terms of property prices. *Rising Property Prices* In a post on social media platform X, Kamath pointed out that cities like Delhi, Mumbai, and Bengaluru have…
Tata Power Ltd announced on Tuesday, February 25th, that it has signed a Memorandum of Understanding (MoU) with the Assam government at the Advantage Assam 2.0 Investment & Infrastructure Summit 2025 to develop up to 5,000 MW of renewable and clean energy projects in the state. This ambitious initiative involves solar, wind, hydro, and energy…
Adani Group, led by Chairman Gautam Adani, has announced plans to invest Rs 50,000 crore across various sectors in Assam. The announcement was made during the inaugural function of the Advantage Assam 2.0 Investment & Infrastructure Summit 2025 in Guwahati. The investment will be directed towards the development of airports, aero cities, city gas distribution,…
Reliance Industries Limited (RIL) has announced a substantial investment commitment of over Rs 50,000 crore in Assam over the next five years. Chairman and Managing Director Mukesh Ambani made the announcement at the Advantage Assam 2.0 Investment & Infrastructure Summit 2025 in Guwahati on Tuesday. Addressing the gathering at the summit, Ambani emphasized Reliance’s long-term…
Adani Green Energy Ltd announced on Tuesday, February 25th, that its wholly-owned subsidiary, Adani Saur Urja (LA) Ltd, has been awarded a contract by the Uttar Pradesh Power Corporation Ltd (UPPCL) to procure 1,250 MW of energy storage capacity from Pumped Hydro Storage Projects. This development marks a significant step forward for the renewable energy…
In a significant leap toward futuristic transportation, India has successfully developed its first hyperloop test track at IIT Madras, marking a major milestone in high-speed travel. The 422-meter-long test facility, built with the support of the Ministry of Railways, aims to achieve ultra-fast travel, potentially reducing the Delhi-Jaipur journey—a distance of approximately 300 km—to less…
India is in the process of finalizing a substantial $1 billion capital subsidy plan aimed at bolstering its solar manufacturing industry. This initiative is part of a broader strategy to reduce dependency on China and capitalize on the global energy transition, according to sources familiar with the matter. The Ministry of New and Renewable Energy…
The Indian tech industry is projected to achieve $300 billion in revenue by FY26, according to a Nasscom report released on Monday. The report also estimates that the industry will add at least 126,000 net new employees in the current fiscal year (FY25), bringing the total workforce to 5.8 million. *Strategic Resilience Amid Shifting Dynamics*…
India’s largest integrated energy company, NTPC Limited, has signed multiple Memorandums of Understanding (MoUs) with the Government of Madhya Pradesh during the Global Investors Summit 2025 in Bhopal. These agreements aim to drive India’s clean energy transition and support Net Zero targets. *Significant Investments in Clean Energy* Under the MoUs, NTPC will invest ₹80,000 crore…
Adani Power Limited, a part of the Adani Group, has announced that it has received approval from the Committee of Lenders (CoC) for its resolution plan to acquire Vidarbha Industries Power Limited (VIPL), a subsidiary of Anil Ambani’s Reliance Power. This significant business development has created a buzz in the stock market. *Rise in Adani…
In a shocking case of cyber fraud, a retired teacher from Indore has been duped of Rs 96 lakh by scammers posing as officials from SBI Life Insurance. The elaborate scam, which unfolded over two years, saw the victim manipulated into paying money under the guise of policy-related processes and future benefits. According to a…
The Reserve Bank of India (RBI) has permitted depositors of the crisis-hit New India Co-operative Bank to withdraw up to Rs 25,000, effective from February 27. This decision comes after the central bank imposed All Inclusive Directions (AID) on the Mumbai-based cooperative bank on February 13, restricting any withdrawals from savings, current, or other accounts….
Adani Electricity Mumbai Ltd., a subsidiary of Adani Energy Solutions Ltd., has achieved the top spot across three national rankings conducted by the Ministry of Power. This accomplishment underscores the company’s excellence in performance, customer service, and sustainability. *Top Rankings for Adani Electricity* Adani Electricity was ranked first in the newly introduced Distribution Utilities Ranking…
Adani Power announced on February 24 that it has received a letter of intent (LoI) for the acquisition of Vidarbha Industries Power Ltd (VIPL) from the resolution professional overseeing VIPL’s insolvency process under the Insolvency and Bankruptcy Code 2016. The Committee of Creditors of VIPL has approved the resolution plan submitted by Adani Power. VIPL,…
Gautam Adani, Chairman of the Adani Group, has announced plans to invest over Rs 1.1 lakh crore in various sectors across Madhya Pradesh. Speaking at the Madhya Pradesh Global Investors Summit (GIS) 2025 on Monday, Adani revealed that these investments are projected to generate more than 1.2 lakh employment opportunities in the state by 2030….
In the most recent episode of Shark Tank India, the husband-and-wife team behind the demi-fine jewelry line Palmonas made an appearance, making what could be considered the most on-brand pitch of the season. ### The Pitch and Shraddha Kapoor’s Stake Pallavi and Amol defined demi-fine jewelry as falling somewhere between fine and artificial jewelry, highlighting…
In a thrilling episode of Shark Tank India 4, two young entrepreneurs presented their innovative startup, Solnce, which offers India’s first one-stop solar app. The platform provides consumers with a comprehensive solution to understand solar requirements, compare products and prices, and install them. The founders sought an investment of Rs 1 crore in exchange for…
The Adani Group, led by billionaire Gautam Adani, has released its Tax Transparency Reports for the fiscal year 2023-2024 (April 2023 to March 2024). According to the release, the group paid Rs 58,104 crore in taxes for the fiscal year 2023-24, a significant increase from Rs 46,610 crore in the previous financial year. The taxes…
Tata Motors Ltd has witnessed the departure of several senior executives as the company restructures its operations, separating its car and truck manufacturing divisions to enhance competitiveness in each segment and maximize value. According to reports, at least half a dozen exits have taken place since August, all in the ranks of team heads or…
Professor Muhammad Yunus, Chief Adviser of Bangladesh’s interim government, has extended an invitation to SpaceX CEO Elon Musk to visit Dhaka and launch the Starlink satellite service in the country. The invitation comes as part of an initiative to bring advanced technology to Bangladesh and improve connectivity for its citizens. In a letter addressed to…
Zerodha CEO Nithin Kamath has responded to national badminton coach Pullela Gopichand’s recent statement that children should only pursue sports if they come from wealthy backgrounds. Kamath, in a social media post on X, argued that today’s sports enthusiasts have more career opportunities than before, challenging Gopichand’s viewpoint. Kamath compared the challenges faced by young…
In a recent episode of Shark Tank India Season 4, three enterprising founders – Ajith Sunny, Ranjit Kumar Behra, and Prince Jacob Thomas – pitched their sports brand Metashot, leaving the Sharks with varied opinions and a dash of humor. As the trio introduced their innovative cricket gaming company, Anupam Mittal couldn’t help but draw…
The Adani Group has reaffirmed its financial strength and resilience by reporting record-breaking earnings and robust liquidity, thereby solidifying its status as a leader in India’s infrastructure sector. *Record-Breaking EBITDA Growth* For the twelve months ending December 2024, Adani Group achieved a record-high trailing EBITDA of ₹86,789 crore, marking a 10.1% year-on-year increase. The December…
In a significant move aimed at providing relief to borrowers, the Reserve Bank of India (RBI) has issued draft guidelines proposing the elimination of foreclosure charges and prepayment penalties on floating rate loans. The central bank has invited public feedback on these draft rules, with the deadline set for March 21, 2025. Once finalised, the…
A new book has unveiled surprising and controversial details about the rift between the late Ratan Tata, Chairman Emeritus of Tata Group, and his former successor, Cyrus Mistry. The book, Ratan Tata: A Life, authored by Thomas Mathew, sheds light on the issues that led to Mistry’s exit from the Tata Group. *Ratan Tata’s Regret*…
In a significant move, former Reserve Bank of India (RBI) Governor Shaktikanta Das has been appointed as ‘Principal Secretary-2’ to Prime Minister Narendra Modi. The Appointments Committee of the Cabinet (ACC) approved his selection, and the Department of Personnel and Training (DoPT) issued the official order on Saturday, February 22. This appointment marks the first…
For the first time in years, the observance of International Mother Language Day at the Bangladesh Deputy High Commission office in Kolkata was marked by restricted participation, with Indian attendees, including Bengalis from the city and West Bengal at large, being barred from the event. This move, reportedly directed by the interim government in Dhaka,…
In a significant business move, billionaire Mukesh Ambani’s Jio Financial Services has partnered with global asset management giant BlackRock to launch a joint venture, Jio BlackRock, aimed at providing asset management services in India. The venture has named Sid Swaminathan, a 20-year veteran in the asset management arena, to lead the initiative. *Leadership and Team*…
India’s foreign exchange reserves witnessed a decline of USD 2.54 billion, bringing the total to USD 635.721 billion for the week ending February 14, according to the Reserve Bank of India (RBI). This drop halts a three-week rising streak during which the reserves had increased by USD 7.654 billion to USD 638.261 billion. Historical Context…
India’s foreign exchange reserves experienced a significant drop of USD 2.54 billion, bringing the total to USD 635.721 billion for the week ending February 14, according to the Reserve Bank of India (RBI). This decline snaps a three-week rising streak, during which the reserves had increased by USD 7.654 billion to USD 638.261 billion. Historical…
Swiggy Ltd. has announced a significant investment of ₹1,000 crore in its wholly owned subsidiary, Scootsy Logistics Pvt. Ltd., to support its business expansion. The board of Swiggy approved this investment, which will be made in one or more tranches through a rights issue, according to an exchange filing on Friday. Investment Details The approved…
Adani Electricity Mumbai Limited (Adani Electricity) has been recognized as India’s premier power utility by the Ministry of Power (MoP), excelling in two independent assessment areas: Performance Excellence and Customer Service Excellence. The company announced this achievement in a statement on Friday. Top Ratings and Recognitions For the third consecutive year, Adani Electricity has secured…
Prime Minister Narendra Modi is set to release the 19th instalment of the PM-KISAN scheme on Monday, transferring around ₹22,000 crore directly to the bank accounts of 9.8 crore farmers. This initiative is part of the government’s ongoing effort to enhance the income of the farming community. Scheme Details Under the PM-KISAN scheme, each beneficiary…
India will soon begin discussions on a trade pact with the United States under the Donald Trump administration, which could potentially be the ‘mother of all deals,’ Commerce and Industry Minister Piyush Goyal announced on Friday. Addressing the Invest Kerala Global Summit, Goyal stated that the proposed agreement would symbolize a robust engagement with the…
Rail Vikas Nigam Limited (RVNL) has been awarded the status of the Lowest Bidder (L1) for a significant project by South Western Railway, the company announced on Friday. The project involves the “Engineering, Procurement, and Construction (EPC) for the design, supply, erection, testing, and commissioning of the 2×25 KV Overhead Electrification (OHE) and Power Supply…
Zerodha co-founder Nithin Kamath has weighed in on the debate sparked by Pullela Gopichand’s recent remark that “unless you are rich, don’t make your child a sportsperson.” While acknowledging Gopichand’s concern, Kamath offered a different perspective, emphasizing that passion and adaptability matter more than financial background. Kamath’s Perspective In a post on X (formerly Twitter),…
The Adani Group has announced plans to invest ₹30,000 crore in Kerala over the next five years, focusing primarily on the state’s port and airport infrastructure. This significant investment was revealed by Karan Adani, Managing Director of Adani Ports and SEZ, during his address at the Invest Kerala Global Summit. Key Investments and Projects The…
Tata Power Delhi Distribution (Tata Power-DDL) announced a significant collaboration with Probus Smart Things to revolutionize smart metering technology through the adoption of a universal Network Interface Card (NIC) with Bluetooth-enabled communication. This collaboration aims to enhance smart metering capabilities and ensure reliable and efficient communication, even in challenging network conditions. Innovative Use Cases and…
Tata Motors, the automobile giant of the Tata Group, has continued its bearish momentum for the third consecutive day this week. On February 20th, the heavyweight large-cap stock touched an intraday low of Rs 675.30 apiece, just Rs 8.3 away from its 52-week low. Tata Motors’ share price has been below the Rs 700 mark…
Shaadi.com founder and Shark Tank India judge Anupam Mittal has weighed in on the controversy surrounding comments made during comedian Samay Raina’s show, India’s Got Latent. In a LinkedIn post, Mittal expressed his views on the incident, highlighting the role of big tech firms in perpetuating such issues. Mittal stated that Ranveer Allahbadia, Apoorva Mukhija,…
India is on track to achieve high-income nation status by 2047, with a projected GDP of $23-$35 trillion, according to a new report by Bain & Company and Nasscom. The report, released on Thursday, attributes this growth to sustained annual growth rates of 8-10 percent, driven by the country’s demographic dividend, technological innovation, and sectoral…
After years of anticipation, Tesla is finally set to make its debut in the Indian market. The American electric vehicle (EV) giant, spearheaded by Elon Musk, has faced numerous challenges in entering India, including regulatory hurdles and high import taxes. However, recent reports indicate that Tesla is poised to introduce its EVs in India, with…
The National Company Law Tribunal (NCLT) Mumbai Bench has approved the resolution plan for Reliance Big Private Limited, owned by Anil Ambani, which was submitted by ACME Cleantech Solutions Private Limited. The plan outlines that financial creditors will receive a total of ₹3.5 crore against an admitted outstanding of ₹483.71 crore, resulting in a 99%…
The latest season of Shark Tank India has been a hotbed of innovation, with entrepreneurs from across the country presenting their groundbreaking products to a panel of esteemed investors, known as the “sharks.” The show has captivated audiences with its thrilling pitches, inspiring stories, and high-stakes investment deals. In a recent episode, entrepreneurs Sreeram Reddy…
In a recent report, Moody’s Ratings highlighted the urgent need for a substantial investment of USD 700 billion in India’s power sector over the next decade to help the country achieve its 2070 net-zero emissions pledge. The power sector, which is the largest carbon emitter in India, accounts for approximately 37% of the nation’s total…
