Category: Business

Business

Adani Power, Druk Green Power to set up a 570MW hydro power project in Bhutan

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Adani Power, Druk Green Power to set up a 570MW hydro power project in Bhutan

The logo of the Adani Group. Adani Power and Druk Green Power Corporation Limited have signed the Shareholders Agreement for setting up 570 MW Wangchhu hydroelectric project in Bhutan. | Photo Credit: Reuters Adani Power Ltd. and Druk Green Power Corp. Ltd. (DGPC), Bhutan’s state-owned generation utility, have signed the Shareholders Agreement (SHA) for setting…

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Business

Anthropic agrees to pay $1.5 billion to settle author class action against training AI chatbot Claude with pirated books

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Anthropic agrees to pay .5 billion to settle author class action against training AI chatbot Claude with pirated books

File picture of the Anthropic logo | Photo Credit: Reuters Anthropic told a San Francisco federal judge on Friday (September 5, 2025) that it has agreed to pay $1.5 billion to settle a class-action lawsuit from a group of authors who accused the artificial intelligence company of using their books to train its AI chatbot…

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Business

Trump tariff effect: Tamil Nadu’s apparel hubs are unravelling at the seams

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Trump tariff effect: Tamil Nadu’s apparel hubs are unravelling at the seams

Twenty-year-old Vanaja, a tailor in Tiruppur district of Tamil Nadu, is worried that U.S. President Donald Trump’s tariffs on Indian imports could impact her wages. Vanaja has been working at RRK Cottons India Private Limited, a garment company in Palladam town in the industrial district, for the last two years. She earns ₹480 a day. …

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Business

Fixing problems, unlocking India’s growth potential

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Fixing problems, unlocking India’s growth potential

India’s economic journey has always been shaped by bold reforms, and the latest set of Goods and Services Tax (GST) measures announced at the 56th GST Council meeting on September 3, 2025, may well prove to be one of the most consequential yet. For years, businesses and policymakers alike have called for simplification, predictability, and…

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Business

SEBI ramped up Jane Street probe due to inadequate data, continued complaints, say sources

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SEBI ramped up Jane Street probe due to inadequate data, continued complaints, say sources

SEBI imposed a $567 million penalty on Jane Street, which the company has deposited. While it can restart trading in India, it has refrained from doing so, Reuters reported last month. File | Photo Credit: Reuters The Securities and Exchange Board of India (SEBI) launched a formal investigation into Jane Street’s trading practices even though…

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Sensex, Nifty close unchanged after second-day rally in volatile day of trade

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Sensex, Nifty close unchanged after second-day rally in volatile day of trade

Sensex closed lower by 7.25 points or 0.01%, at 80,710.76 with 14 of its components ending with gains and 16 with losses and NSE Nifty eked out gains of 6.70 points or 0.03%, to close at 24,741. File | Photo Credit: Reuters Benchmark stock indices Sensex and Nifty closed unchanged after a volatile session on…

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Business

Rupee hits fresh low, closes 15 paise down at 88.27 against U.S. dollar

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Rupee hits fresh low, closes 15 paise down at 88.27 against U.S. dollar

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The rupee declined 15 paise to close at an all-time low of Rs 88.27 (provisional) against the U.S. dollar on Friday (September 5, 2025) amid sustained outflow of foreign funds and fear of additional U.S. tariffs against India. A weak greenback and falling crude…

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Business

Centre to keep vigil to ensure GST benefits passed fully to consumers, says Piyush Goyal

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Centre to keep vigil to ensure GST benefits passed fully to consumers, says Piyush Goyal

File photo of Union Minister Piyush Goyal | Photo Credit: ANI The Centre will keep vigil to ensure that the benefits of GST rationalisation are passed on fully to consumers, Union Minister Piyush Goyal said on Friday (September 5, 2025), stating that the industry has given him assurance that the entire fall in taxes on…

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Closely monitoring situation, says Tata Group-owned Indian Hotels on malware incident

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Closely monitoring situation, says Tata Group-owned Indian Hotels on malware incident

Indian Hotels Company Limited (IHCL) informed about the incident in a regulatory filing. Photo: in.linkedin.com The country’s biggest hospitality player Indian Hotels Company Limited has reported a malware incident, saying immediate action has been taken to contain the impact and secure its systems, maintaining that the Tata Group-owned firm is closely monitoring the situation while…

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