New Delhi, The Competition Commission of India (CCI) on Tuesday ordered an investigation against Asian Paints for allegedly abusing its dominant position in the market for manufacturing and sale of decorative paints. The direction follows a complaint filed by Grasim Industries (Birla Paints Division), which allegedly accused Asian Paints of engaging in exclusionary practices aimed…
NEW DELHI: The total sown area for Kharif crops has increased by 11.3% year-on-year as of June 27, 2025, aided by an active southwest monsoon and robust rainfall, according to a report by Bank of Baroda. Rainfall was recorded at 9% above the Long Period Average (LPA) till June 30.The report said the increase in…
Tesla shares fell sharply on Tuesday as the increasingly bitter feud between CEO Elon Musk and US President Donald Trump flared into the open once again, sparking concerns about potential political retaliation against Musk’s businesses and further spooking investors.Shares of Tesla, already down more than 20% in 2025 amid weakening demand and growing backlash against…
HDB Financial Services, the non-banking finance arm of HDFC Bank, will make its stock market debut on Wednesday with grey market activity indicating a strong listing. According to ET, the grey market premium (GMP) stood at Rs 67 as of Tuesday, suggesting a listing price of Rs 807, about 9% higher than the IPO’s upper…
MUMBAI: Shadowfax has filed draft IPO papers with markets regulator Sebi through the confidential filing route. The company is seeking to raise up to Rs 2,000-2,500 crore comprising a mix of fresh issue of shares and offer for sale (OFS) by existing shareholders, sources said. The Flipkart and TPG backed logistics startup which was last…
IndiGo, India’s largest airline by market share, has launched its first direct long-haul service between Mumbai and Manchester, marking a significant milestone in its international expansion strategy. The thrice-weekly flights will operate using Boeing 787-9 Dreamliner aircraft under a damp lease agreement with Norse Atlantic Airways, the company said Tuesday.The new route signals IndiGo’s entry…
The Reserve Bank of India (RBI) has appointed Kesavan Ramachandran as Executive Director (ED) with effect from July 1, 2025, the central bank said in an official release on Tuesday.Before his promotion, Ramachandran was serving as Principal Chief General Manager in the Risk Monitoring Department. As Executive Director, he will now look after the Department…
The legal battle revolves around TriZetto, a healthcare software platform acquired by Cognizant in 2014. The Infosys vs Cognizant fight is getting uglier by the day. But why are the two IT sector giants locked in a battle or employees in the US? In an ongoing legal dispute between the two IT companies, Infosys has…
Layoffs across the United States are expected to intensify this month, with nearly 95 employers planning job cuts in July, according to data from WARNTracker.com, cited by ET. The mass layoffs span a wide range of industries including tech, retail, healthcare, delivery, pharmaceuticals, and manufacturing, with thousands of jobs on the line.Companies are required to…
US President Donald Trump’s reciprocal tariffs suspension deadline approaches on July 9. (AI image) India-US trade deal update: Intense trade discussions between India and the US continue for the sixth consecutive day on Tuesday in Washington, as negotiations reach a critical phase with New Delhi seeking improved market accessibility for its workforce-intensive products, according to…
