Business News
05 May 2025 A new and historic step has been taken in India’s housing finance industry. LIC Housing Finance has issued Residential Mortgage-Backed Securities (RMBS) worth ₹10 billion (Rs 1000 crore), which is the first such RMBS listing in India. This move is not only important for the company but is also considered a major…
Jeff Bezos, the founder of Amazon and one of the richest people in the world, is once again in the news. This time the reason is his new share sale plan, under which he is going to sell 25 million shares of Amazon. According to the current share price, this deal will be worth about…
Indian software giant Zoho Corporation, which planned to enter India’s chip manufacturing sector by announcing its $700 million semiconductor project last year, has now shelved that plan. The decision comes at a time when the Indian government is trying to attract huge investments under the Production Linked Incentive (PLI) scheme to boost the semiconductor industry….
New Delhi, May 2, 2025: JSW Steel has suffered a major setback from the Supreme Court. The country’s highest court has ordered the liquidation of the company, terming JSW Steel’s plan to acquire Bhushan Power and Steel (BPSL) illegal. JSW Steel holds 83.3% stake in BPSL as of October 1, 2021. Why did the Supreme…
Introduction Apple has always enjoyed a loyal global customer base, but recent numbers from India reveal something remarkable. In Q1 2025, Apple recorded its highest-ever quarterly sales in the country, shipping over 3 million iPhones. This record not only highlights Apple’s growing presence in the Indian market but also underscores the country’s increasing role in…
Introduction India’s steel industry is crucial to its infrastructure and economic growth. To protect it from cheap imports, the DGTR recently proposed a 12% provisional safeguard duty on select steel products for 200 days. This sparked speculation about a possible hike to 20%. However, on April 16, Steel Secretary Sandeep Pondrik stated there’s no reason…
After years of internal wrangling, the high-profile brand dispute between real estate tycoons Abhishek and Abhinandan Lodha has finally come to an end. The brothers, who lead Macrotech Developers and House of Abhinandan (HoABL), respectively, have agreed to amicably settle their differences regarding the usage of the brand name. The settlement was achieved through mediation,…
When it comes to Apple’s global manufacturing strategy, many assume the reason the company builds its iconic iPhones in China is simple: cheap labor. But Apple CEO Tim Cook recently shattered that myth in a 2024 viral video where he explained the real reasons behin Apple’s long-standing reliance on China for production. It has little…
Introduction In a significant breakthrough for dermatological treatments, Sun Pharmaceutical Industries Ltd. has secured legal clearance to launch its much-anticipated drug Leqselvi™ (deuruxolitinib) in the United States. Initially approved by the U.S. Food and Drug Administration (FDA) in mid-2024 for treating severe alopecia areata, Leqselvi’s commercial release was held back due to patent disputes with…
Introduction: In a major shakeup for India’s logistics sector, Delhivery has announced the acquisition of rival Ecom Express for ₹1,407 crore. The move marks a significant turning point in the third-party logistics (3PL) space, where high competition, shrinking e-commerce margins, and rising operational costs have put companies under intense pressure. This acquisition is being widely…