Business Archives - Page 3 of 12

28 Jul

BSNL to Prioritise Operational Cash Flows Over Profits, Says Union Minister Scindia

Rajeev Sharma0 CommentsBusinessARPU, BSNL, customer satisfaction, Jyotiraditya Scindia, operating cash flow, telecom sector

New Delhi, July 28, 2025: Bharat Sanchar Nigam Limited (BSNL) will now focus on generating healthy operational cash flows on a quarterly basis, Union Minister of Communications Jyotiraditya Scindia announced, shifting the spotlight away from traditional net profit margins. Addressing BSNL’s Strategic Review and Planning Meeting for 2025–26, the minister asserted that operational performance would define the public sector telecom’s new success framework.Scindia clarified that stakeholders should focus on operating margins and actual cash flows rather than bottom-line numbers, which are often influenced by non-cash adjustments like depreciation due to heavy capital expenditure. He said the company was committed to…

27 Jul

India’s UK Trade Deal Offers Tariff Cuts on Cakes, Cosmetics, Jet Engines—But Keeps Gold and Tea Protected

Rajeev Sharma0 CommentsBusiness, IndiaCETA, cosmetics, Gold, India-UK FTA, pastries, pet food, tariff concessions

New Delhi, July 27, 2025: India has extended tariff concessions to an array of British goods under a new free trade agreement (FTA) signed with the United Kingdom, including pastries, pet food, and cosmetics, while shielding sectors deemed sensitive to domestic interests.The Comprehensive Economic and Trade Agreement (CETA), signed on July 24, grants phased tariff cuts to nearly 90% of UK-origin products. According to the Global Trade Research Initiative (GTRI), the deal reflects a calibrated approach that opens India’s markets gradually, giving domestic manufacturers time to adjust.Under the agreement, tariffs will be eliminated on a wide range of consumer goods…

26 Jul

Blinkit Launches In-House Paramedic Training to Bolster Trust in 10-Minute Ambulance Service

Rajeev Sharma0 CommentsBusiness, India10-minute emergency service, Blinkit ambulance, Deepinder Goyal, paramedic training, Zomato

Gurugram, July 26, 2035: E-commerce platform Blinkit, known for its pioneering 10-minute ambulance service, is now introducing in-house paramedic training to elevate emergency response standards and instill greater trust among users. The company is taking this step after identifying a widespread reluctance among people to call ambulances, even during critical situations.Many individuals reportedly continue to opt for personal vehicles or cabs instead of ambulances, fearing delays or inadequate care during transit. Acknowledging this issue, Blinkit aims to address the emotional and medical needs of patients simultaneously by training paramedics not only in clinical procedures but also in offering comfort and…

25 Jul

PM Modi Becomes India’s Second-Longest Serving Prime Minister, Surpasses Indira Gandhi

Rajeev Sharma0 CommentsBusinessIndira Gandhi, Maldives visit, PM Modi, second-longest serving Prime Minister

New Delhi, July 25, 2025: As Prime Minister Narendra Modi arrived in the Maldives for a two-day state visit, his tenure at home crossed a historic milestone. With 4,078 uninterrupted days in office, Modi has officially become India’s second-longest serving Prime Minister, surpassing Indira Gandhi, who held the position for 4,077 days between 1966 and 1977. Jawaharlal Nehru remains the longest-serving Prime Minister with over 6,000 days in office.The BJP celebrated this achievement on Friday, calling it a testament to Modi’s enduring public mandate and political stature. Party leaders noted that this record comes as part of a larger legacy:…

25 Jul

ED Raids Over 35 Sites in RAAGA Money Laundering Probe, Reliance Group Denies Allegations

Rajeev Sharma0 CommentsBusiness, India000 crore loan fraud, Enforcement Directorate, PMLA, RAAGA Companies, RCOM, Reliance Anil Ambani Group, RHFL, Yes Bank, ₹3

New Delhi, July 25, 2025: The Enforcement Directorate (ED) on Thursday launched a widespread search operation at more than 35 locations across the country in connection with an ongoing money laundering investigation involving companies under the Reliance Anil Ambani Group (RAAGA Companies). The searches, carried out under Section 17 of the Prevention of Money Laundering Act (PMLA), covered over 50 companies and more than 25 individuals believed to be connected to the case.The probe agency revealed that the investigation stems from earlier FIRs registered by the Central Bureau of Investigation (CBI), as well as key information provided by institutions like…

25 Jul

Centre Bans Multiple Apps, Websites Over Alleged Obscene Content

Rajeev Sharma0 CommentsBusiness, India, TrendingAlt Balaji, Ullu

New Delhi (National Times): In a significant move aimed at curbing the spread of explicit content online, the central government has ordered a ban on several apps and websites accused of hosting obscene, vulgar, and adult material, officials confirmed on Friday. Among the platforms facing the ban are ALTBalaji, ULLU, Big Shots App, Desiflix, Boomex, Navarasa Lite, and Gulab App. These platforms, many of which have previously faced criticism for borderline or adult-themed content, are now under scrutiny for allegedly violating content norms under Indian digital laws. A senior official from the Ministry of Electronics and Information Technology (MeitY) said,…

24 Jul

India, UK Sign Landmark Free Trade Deal to Double Bilateral Trade by 2030

Rajeev Sharma0 CommentsBusiness, Indiabilateral trade, India-UK Free Trade Agreement, Modi Starmer trade deal

New Delhi/London, July 24, 2025 — India and the United Kingdom took a historic step forward in their strategic partnership on Thursday by signing a landmark Free Trade Agreement (FTA) that aims to double bilateral trade by 2030. The comprehensive pact, inked after years of negotiation, will significantly increase market access, eliminate tariffs on key exports, and boost economic cooperation across sectors.Prime Minister Narendra Modi and UK Prime Minister Keir Starmer jointly witnessed the signing ceremony at Chequers, the British PM’s official country residence. Calling it a "historic day in India-UK relations," Modi emphasized that the deal would create vast…

24 Jul

ED Raids Multiple Anil Ambani-Linked Locations Days After SBI Declares Him ‘Fraud’

Rajeev Sharma0 CommentsBusiness, India, TrendingAnil Ambani

Mumbai (National Times): In a significant move amid growing scrutiny over financial fraud, the Enforcement Directorate (ED) on Thursday launched massive search operations at 40–50 locations linked to Reliance Group MD Anil Ambani. The raids come just days after State Bank of India (SBI) officially declared Reliance Communications and its promoter-director Anil D Ambani as "fraudulent" entities. While Ambani’s personal residence was not searched, sources confirmed that ED teams from both Delhi and Mumbai raided premises associated with various companies under the Reliance Anil Dhirubhai Ambani Group (RAAGA). According to official statements shared with news agency ANI, the ED initiated…

23 Jul

ED Accuses Myntra of ₹1,654 Crore FEMA Violation Over FDI Misuse in Retail Structure

Rajeev Sharma0 CommentsBusinessED, FDI, FEMA violation, multi-brand retail, Myntra, Vector E-Commerce

National Times Bureau, July 23, 2025: The Enforcement Directorate (ED) has filed an official complaint against Myntra Designs Private Limited and its related entities and directors for allegedly violating the Foreign Exchange Management Act (FEMA), involving Foreign Direct Investment (FDI) of ₹1,654.35 crore.The action follows a detailed investigation that, according to a senior ED official, revealed Myntra misrepresented its business model by posing as a wholesale trader while conducting multi-brand retail trading (MBRT). This approach reportedly violated India’s FDI norms, which restrict foreign investment in direct retail.The ED claims Myntra received FDI while identifying itself as a wholesale cash-and-carry business.…

22 Jul

Gold Surges to ₹1 Lakh Mark in Delhi as Stockists Drive Demand; Silver Follows Rally

Rajeev Sharma0 CommentsBusinessDelhi gold rates, gold above 1 lakh, gold price today, silver price rally, stockist buying gold

New Delhi, July 22, 2025: Gold prices surged ₹1,000 on Tuesday, reclaiming the ₹1 lakh per 10 grams level in the national capital, driven by strong buying from stockists, as per the All India Sarafa Association. The 99.9 per cent pure yellow metal touched a four-week high of ₹1,00,020 per 10 grams, up from the previous close of ₹99,020. This marks the first time since June 19 that gold has breached the ₹1 lakh threshold.Gold of 99.5 per cent purity also witnessed a sharp gain of ₹1,000, trading at ₹99,550 per 10 grams (inclusive of all taxes), compared to ₹98,550…