Business & Economy Archives - Page 5 of 23

Ola Electric scooter manufacturing facility representing company QIP fundraise for growth

Ola Electric Raises Rs 780 Crore Through Oversubscribed QIP as Goldman Sachs and Top Mutual Funds Back EV Maker’s Turnaround

June 5, 2026June 5, 2026Ankit Thakur

Bengaluru-based Ola Electric Mobility has raised Rs 780 crore through a qualified institutional placement, exceeding its Rs 500 crore target, with Goldman Sachs and major Indian mutual funds participating in the oversubscribed issue. [...]

SEBI regulatory action against Rajesh Exports for alleged revenue misrepresentation

SEBI Alleges Rs 15.15 Lakh Crore Revenue Misrepresentation by Rajesh Exports and Bars Chairman from Securities Market

June 5, 2026June 5, 2026Aditi Singh

Market regulator SEBI has issued an interim order against Rajesh Exports alleging large-scale financial misrepresentation of approximately $158 billion through overseas subsidiaries, triggering a 5% lower circuit hit in shares. [...]

Stock market trading screens showing strong returns representing SoftBank Lenskart stake sale

SoftBank Books 7x Returns Selling Rs 2,873 Crore Lenskart Stake as Eyewear Company Emerges as Top India Bet

June 5, 2026June 5, 2026Ankit Thakur

SoftBank’s affiliate SVF II Lightbulb Cayman sold 5.65 crore Lenskart shares at Rs 508.55 each through a block deal, earning an estimated seven-fold return on its 2019 investment while retaining a 9.88% stake. [...]

Gold reserves in secure vault representing RBI's gold holdings amid controversy

RBI and Centre Deny Selling $12 Billion Gold Reserves — PIB Fact-Checks Bloomberg Report on Forex Defence

June 4, 2026Aditi Singh

The Reserve Bank of India and the central government have officially denied reports that the RBI sold nearly $12 billion worth of gold reserves to defend the rupee and protect forex reserves. The PIB fact-checked the Bloomberg report, calling it misleading and factually incorrect. [...]

Commercial aircraft being refueled at Indian airport amid rising aviation fuel costs

Cabinet Approves Rs 10,000 Crore ATF Price Stabilization Fund to Shield Airlines from Iran War Fuel Surge

June 4, 2026Gaurav Thakur

The Union Cabinet approved a Rs 10,000 crore Aviation Turbine Fuel (ATF) Price Stabilization Fund to protect airlines, oil marketing companies, and passengers from soaring fuel prices triggered by the West Asia conflict. The self-sustaining revolving fund will be channelled through interest-free loans. [...]

Stock market screens showing India market decline as Asian semiconductor stocks surge

India Drops to 7th Largest Stock Market as South Korea and Taiwan Overtake on AI Semiconductor Boom

June 4, 2026Gaurav Thakur

India’s stock market has dropped from 5th to 7th largest globally in just over a week, overtaken by both Taiwan and South Korea. AI-driven semiconductor rallies have pushed South Korea to $5 trillion while India’s market cap slipped to $4.8 trillion amid foreign investor exits and geopolitical headwinds. [...]

Memorial tribute to Bollywood producer and former CBFC chairman Pahlaj Nihalani

India and US Resume High-Level Trade Talks in New Delhi — Interim Bilateral Trade Deal Nearly Finalised Says Piyush Goyal

June 3, 2026Gaurav Thakur

India and the United States have resumed high-level trade negotiations in New Delhi, with chief negotiators from both countries meeting from June 1 [...]

RBI MPC Meeting Begins on June 3 — Repo Rate Hold at 5.25 Percent Expected as Governor Malhotra to Announce Decision on June 5

June 3, 2026Gaurav Thakur

The Reserve Bank of India’s Monetary Policy Committee began its second bimonthly review of the 2026-27 fiscal year on June 3, with Governor [...]

US Proposes Extra 12.5 Percent Tariffs on India and 59 Other Countries Over Forced Labour Import Ban Failures

June 3, 2026Gaurav Thakur

The Office of the United States Trade Representative has proposed imposing additional tariffs of at least 12.5 percent on imports from 60 economies, [...]

India Issues Letter of Request to France for 114 Rafale Fighter Jets in Mega Defence Deal Worth Rs 3.25 Lakh Crore

June 3, 2026Gaurav Thakur

India has formally issued the Letter of Request to France to initiate the procurement of 114 Rafale multirole fighter aircraft for the Indian [...]