Business Archives - Page 17 of 31

28 Aug

Make in Steel, Make in Bharat: Metalogic Sparks Dialogue on Steel-Driven Nation Building

nishuthapar10 CommentsBusiness, Trending

Metalogic PMS successfully hosted its 8th Annual Conference today at Le Meridien, New Delhi, bringing together industry stalwarts, policymakers, and key stakeholders to deliberate on the theme 'Make in Steel, Make in Bharat'. The event focused on the pivotal role of steel in fuelling India's economic growth and strengthening its position as a global manufacturing hub. Industry experts deliberate on the future, and role of Indian steel at Metalogic PMS' 8th annual conference Steel plays a vital role in construction, infrastructure, automotive, and defence, together accounting for over 90% of India's steel consumption. As these sectors are rapidly evolving, demanding…

27 Aug

US Slaps 50% Tariff on Indian Goods, Exporters Warn of Severe Job Losses

Rajeev Sharma0 CommentsBusiness, Indiaapparel exports, gems and jewellery, Indian exports, job losses, shrimp exports, trade war, US tariffs on India

New Delhi — India’s export sector faces a major blow after the United States imposed a steep 50 per cent tariff on Indian goods, a move exporters fear will cripple industries and trigger massive job losses.The penalty effectively doubles the existing 25 per cent duty by adding an additional 25 per cent levy on Indian imports. Shrimp, apparel, leather, and gems and jewellery sectors heavily dependent on the US market are expected to be the worst hit.The US is India’s largest export destination, accounting for nearly 20 per cent of the country’s $437.42 billion in goods exports in 2024–25. Bilateral…

24 Aug

Dream11 Parent Dream Sports Launches Fintech App ‘Dream Money’ After Gaming Ban

Rajeev Sharma0 CommentsBusiness, IndiaDream Money app, Dream Sports, Dream11, financial planning, fintech India, online gaming ban

Mumbai, August 24 – Dream Sports, the parent company of Dream11, has entered the financial technology sector with the launch of its personal money management app, Dream Money. The move follows the Online Gaming Bill receiving presidential assent, which banned all real-money online games across India.Dream11, once India’s largest fantasy sports platform, has now transitioned fully into a free-to-play social gaming service in compliance with the Promotion & Regulation of Online Gaming Law, 2025. With Dream Money, the company aims to position itself as a financial planning and investment partner for millions of users.Currently in pilot phase, Dream Money allows…

24 Aug

Jammu – Government Orders Closure of All Schools on August 25

Gurpreet Singh0 CommentsBusinessBig news, Closed, Floods, Jammu & Kashmir, School

National Times Bureau :- Jammu and Kashmir continues to reel under the impact of relentless rains, leaving large parts of the Jammu division waterlogged and severely affecting daily life. Several areas are witnessing flood-like conditions, creating major disruptions in transportation and posing challenges for residents. In response to the deteriorating weather, the Jammu and Kashmir government has announced a complete closure of all government and private schools across Jammu division on Monday, August 25. According to an official notification issued by the School Education Department, the decision was taken in view of the persistent heavy rainfall and waterlogging in multiple…

24 Aug

Anil Ambani, Reliance Communications Face Fresh Fraud Tag from Bank of India

Rajeev Sharma0 CommentsBusiness, IndiaAnil Ambani, Bank of India, CBI, loan fraud, Reliance Communications, State Bank of India

New Delhi, August 24 — Bank of India has classified Reliance Communications’ loan account as fraudulent, joining State Bank of India in raising allegations of fund diversion against the company and its former director Anil Ambani. The disclosure came through a stock exchange filing on Thursday.The bank said it sanctioned a ₹700 crore loan in August 2016 for capital expenditure, operational costs, and repayment of liabilities. However, nearly half of the funds were allegedly diverted into fixed deposits, a move outside the terms of sanction.Reliance Communications acknowledged receiving a letter from Bank of India dated August 8, informing that the…

23 Aug

CBI Files Bank Fraud Case Against Anil Ambani and Reliance Communications

Rajeev Sharma0 CommentsBusiness, IndiaAnil Ambani, bank fraud case, CBI, NCLT, Reliance Communications, SBI fraud

New Delhi: The Central Bureau of Investigation (CBI) has lodged a case against Reliance Communications (RCom) and its promoter-director Anil Ambani over an alleged bank fraud that caused losses of over Rs 2,000 crore to the State Bank of India (SBI).Officials confirmed that searches are underway at Ambani’s residence as well as premises linked to RCom. The case stems from a complaint filed by SBI, which classified the company’s account and its promoter as “fraud” in line with the Reserve Bank of India’s (RBI) directions on fraud risk management.According to the complaint, SBI’s total exposure includes a fund-based principal outstanding…

22 Aug

India to Announce New Semiconductor Projects as SEMICON India 2025 Nears

Rajeev Sharma0 CommentsBusiness, India, TechnologyIndia Semiconductor Mission, SEMICON India 2025, semiconductor

New Delhi, August 22: The Ministry of Electronics and Information Technology (MeitY) has indicated that the government may soon unveil two to three small semiconductor projects, marking another step in India’s ambitious push for chip manufacturing.MeitY Secretary S. Krishnan revealed that these projects could be funded through the remaining resources of the India Semiconductor Mission 1.0. Out of the ₹76,000 crore outlay under Semicon 1.0, about ₹64,000 crore has already been committed to chip fabrication facilities, ₹10,000 crore to the Semiconductor Laboratory in Mohali, and ₹1,000 crore for the Design-Linked Incentive scheme.The ministry is also in talks with the Finance…

21 Aug

Zupee Pulls Plug on Real Money Games as Online Gaming Bill Gets Parliament Nod

Rajeev Sharma0 CommentsBusinessAshwini Vaishnaw, Online Gaming Bill 2025, Rajya Sabha, real money gaming ban, Zupee

New Delhi, August 21 – Popular skill-based gaming platform Zupee has announced it will discontinue its real money gaming services following the passage of the Online Gaming Bill 2025 in both Houses of Parliament.A Zupee spokesperson confirmed that while paid offerings will be phased out, its free games, including Ludo Supreme, Ludo Turbo, Snakes & Ladders, and Trump Card Mania, will remain available to over 150 million users across India. “We remain committed to delivering fun, engaging, and responsible gaming and entertainment experiences for free,” the spokesperson said.The Rajya Sabha passed the Promotion and Regulation of Online Gaming Bill on…

20 Aug

Phillaur Case: Woman Commission Takes Strict Stand on Drugging, Harassment and Video Recording Incident

Gurpreet Singh0 CommentsBusiness

National Times Bureau :- The Punjab State Women Commission has taken a serious view of the shocking incident reported from Phillaur, where a woman was allegedly given intoxicants, harassed, and recorded on video without her consent. According to initial reports, the victim alleged that she was forcibly made to consume intoxicating substances before being subjected to physical and mental harassment. The accused also filmed the act, further aggravating the trauma. Taking strict note of the matter, the Women Commission has demanded swift police action and assured the victim of full support. The Commission chairperson stated that such crimes against women…

20 Aug

Russia Pins Hopes on India to Keep Oil Trade Flowing Despite US Pressure

Rajeev Sharma0 CommentsBusiness, India, World Newscrude oil imports, Roman Babushkin, Russia India oil trade, US sanctions pressure

New Delhi, August 20 – Russia has expressed confidence that India will not scale down crude oil imports despite rising American pressure, stressing that the two countries have developed a “special mechanism” to sustain trade.Addressing a press conference in New Delhi on Wednesday, Russia’s Chargé d’Affaires Roman Babushkin made it clear that Moscow values its energy partnership with New Delhi. “We don’t hope that India will stop buying oil. We have a true strategic partnership and are committed to removing any challenge,” he said.Russia’s Deputy Trade Representative Evgeniy Griva, who was also present, reaffirmed that crude oil supplies to India…