Business

E20 Petrol May Lower Mileage Slightly, But National Gains Far Greater: Industry Experts
30 Aug

E20 Petrol May Lower Mileage Slightly, But National Gains Far Greater: Industry Experts

Rajeev Sharma0 CommentsBusiness, India, , , , , ,
New Delhi, August 30 – The adoption of 20% ethanol-blended petrol (E20) may cause a marginal 2–4% dip in vehicle fuel efficiency, but industry leaders and testing agencies emphasized on Saturday that the wider economic and environmental benefits far outweigh this cost.At a joint press briefing, the Society of Indian Automobile Manufacturers (SIAM), the Automotive Research Association of India (ARAI), and petroleum industry representatives dismissed exaggerated claims of 20–50% mileage losses as “misinformation.”“The intrinsic nature of the fuel does lead to a small reduction in mileage, but the benefits to society, farmers, the economy, and the environment are immense,” said…
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PM Modi Begins Japan Visit, Bilateral Talks with PM Ishiba on Agenda
29 Aug

PM Modi Begins Japan Visit, Bilateral Talks with PM Ishiba on Agenda

Rajeev Sharma0 CommentsBusiness, India, Trending, World News,
Tokyo (Rajeev Sharma): Prime Minister Narendra Modi landed in Tokyo on Friday, beginning a two-day official visit during which he will meet Japanese Prime Minister Shigeru Ishiba for wide-ranging talks on bilateral, regional, and global issues. The Ministry of External Affairs announced Modi’s arrival, stating that the discussions scheduled later today would focus on advancing the India–Japan Special Strategic and Global Partnership, a relationship that has expanded significantly over the past eleven years. Ahead of his departure from New Delhi, Modi emphasized that the visit would provide an important opportunity to strengthen cultural bonds between the two nations and open…
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Akali Leader Bikram Majithia’s Judicial Custody Extended Till September 6 in Drug-Linked Money Laundering Case
28 Aug

Akali Leader Bikram Majithia’s Judicial Custody Extended Till September 6 in Drug-Linked Money Laundering Case

Gurpreet Singh0 CommentsBusiness, Punjab,
National Times Bureau :- In a significant setback for senior Shiromani Akali Dal leader Bikram Singh Majithia, a local court on Thursday extended his judicial custody until September 6 in connection with disproportionate assets and alleged money laundering cases tied to the drug trade. Majithia, currently lodged in New Nabha Jail near Patiala, had his bail plea rejected earlier, with the court citing the serious nature of the charges and the ongoing investigation by the Punjab Vigilance Bureau. Sources indicate that the bureau is still scrutinizing financial transactions and property records allegedly linked to Majithia, and more evidence is expected…
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Make in Steel, Make in Bharat: Metalogic Sparks Dialogue on Steel-Driven Nation Building
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…
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US Slaps 50% Tariff on Indian Goods, Exporters Warn of Severe Job Losses
27 Aug

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

Rajeev Sharma0 CommentsBusiness, 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…
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Dream11 Parent Dream Sports Launches Fintech App ‘Dream Money’ After Gaming Ban
24 Aug

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

Rajeev Sharma0 CommentsBusiness, India, , , , ,
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…
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24 Aug

Jammu – Government Orders Closure of All Schools on August 25

Gurpreet Singh0 CommentsBusiness, , , ,
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…
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Anil Ambani, Reliance Communications Face Fresh Fraud Tag from Bank of India
24 Aug

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

Rajeev Sharma0 CommentsBusiness, 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…
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CBI Files Bank Fraud Case Against Anil Ambani and Reliance Communications
23 Aug

CBI Files Bank Fraud Case Against Anil Ambani and Reliance Communications

Rajeev Sharma0 CommentsBusiness, India, , , , ,
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…
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India to Announce New Semiconductor Projects as SEMICON India 2025 Nears
22 Aug

India to Announce New Semiconductor Projects as SEMICON India 2025 Nears

Rajeev Sharma0 CommentsBusiness, India, Technology, ,
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…
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