Category: Business

Business

CM Patel inaugurates VGRC in Vadodara, calls for investment-led growth

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CM Patel inaugurates VGRC in Vadodara, calls for investment-led growth

Chief Minister Bhupendra Patel on Monday (June 29, 2026) inaugurated the fourth edition of the Vibrant Gujarat Regional Conference (VGRC) for Central Gujarat in Vadodara, urging industry leaders and investors to convert discussions into investments and projects that would drive economic growth. The conference was attended by Union Minister Manohar Lal Khattar, Deputy Chief Minister…

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Business

Union Cabinet approves ₹30,000 crore additional investment in NIIF for new fund creation

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Union Cabinet approves ₹30,000 crore additional investment in NIIF for new fund creation

The Union Cabinet, under the leadership of Prime Minister Narendra Modi, has approved an additional investment by the Government of India of ₹30,000 crore in the National Investment and Infrastructure Fund (NIIF) to be used for its upcoming funds, the government announced on Monday (June 29, 2026). The decision itself was taken last week, it…

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Business

Centre lifts restrictions on sale of petrol, diesel from July 1

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Centre lifts restrictions on sale of petrol, diesel from July 1

Representational file image. | Photo Credit: Sushil Kumar Verma The Centre has decided to remove restrictions on petrol and diesel sales, including the 200 litre per person per day cap on sale of diesel, effective July 1. In an order issued on June 11, 2026, the Government had barred industrial and commercial consumers from purchasing petrol…

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Business

IIP growth quickens to five-month high of 5.1% on cross-sector improvements

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IIP growth quickens to five-month high of 5.1% on cross-sector improvements

The manufacturing sector grew 5.5% in May 2026, down from 6.1% in April but faster than the 4.2% growth registered in May last year. File image. | Photo Credit: Reuters Growth in industrial activity quickened to a five-month high of 5.1% in May 2026, buoyed by stronger performances by the manufacturing, electricity, capital goods, and consumer…

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Business

Rupee falls 9 paise to close at 94.54 against U.S. dollar

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Rupee falls 9 paise to close at 94.54 against U.S. dollar

Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto The rupee pared initial gains and settled lower by 9 paise at 94.54 (provisional) against the U.S. dollar on Monday (June 29, 2026), as renewed geopolitical tensions hit investors’ risk appetite. Forex traders said the rupee opened on a positive note with crude oil prices…

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Business

Stock markets decline as renewed geopolitical tensions unnerve investors; Sensex drops 370 points

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Stock markets decline as renewed geopolitical tensions unnerve investors; Sensex drops 370 points

The 50-share NSE Nifty dropped 109.75 points, or 0.46%, to end at 23,946.25. File | Photo Credit: Getty Images/iStockphoto Benchmark equity indices Sensex and Nifty ended lower on Monday (June 29, 2026) as renewed hostilities between the U.S. and Iran and rising oil prices unnerved investors. The 30-share BSE Sensex declined 372.10 points, or 0.48%, to…

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Business

BPCL to buy 40% stake in Tiki Tar and Shell India for ₹85 crore

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BPCL to buy 40% stake in Tiki Tar and Shell India for ₹85 crore

Bharat Petroleum Corp (BPCL). File. | Photo Credit: Reuters State-run Bharat Petroleum Corporation on Monday (June 29, 2026) said it will acquire a 40% equity stake in Tiki Tar and Shell India for ₹85 crore in cash, as it seeks to expand its presence in India’s fast-growing value-added bitumen market. The acquisition, which has received…

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Business

Persistent plans to have AI engineering edge by acquiring German firm Nagarro in ₹11,820 crore deal | Explained

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Persistent plans to have AI engineering edge by acquiring German firm Nagarro in ₹11,820 crore deal | Explained

The story so far: On early Saturday morning Pune based mid-sized company Persistent Systems Limited announced entering into an agreement to acquire Nagarro, a Munich, Germany-headquartered digital engineering company, through a voluntary public takeover offer vaulting that company at €1.1 billion (₹11,820 crore). The acquisition will be done by Persistent Systems and its wholly owned…

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Business

PFC, REC boards approve merger scheme; aggregate loan book to exceed ₹11 lakh crore

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PFC, REC boards approve merger scheme; aggregate loan book to exceed ₹11 lakh crore

“The boards of directors of Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) Limited have approved a scheme of merger for the two power sector companies,” according to an official statement issued on Monday (June 29, 2026). The merger will create a financing entity with an aggregate loan book of more than ₹11 lakh…

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Business

Centre eases metrology rules for first-time violators; says fix it first, face action later

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Centre eases metrology rules for first-time violators; says fix it first, face action later

Image used for representative purpose only. | Photo Credit: R.V.S Prasad The Department of Consumer Affairs on Monday (June 29, 2026) said it has introduced an “Improvement Notice” mechanism under the Legal Metrology Act, 2009, allowing businesses to rectify first-time procedural non-compliances before facing penal action. The change has been effected through the Jan Vishwas…

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Business