business news

In a strong show of solidarity with the Indian government, the Bengaluru Wholesale Cloth Merchants Association (BWCMA) has announced a complete suspension of textile trade with Turkey and Azerbaijan. The decision, effective immediately, comes in response to what the association describes as the two nations’ recent “support” for Pakistan following India’s military action under 'Operation Sindoor'.

The Union Cabinet on Wednesday gave the green light for a new semiconductor manufacturing facility to be established by Indian technology giant HCL in partnership with Taiwanese electronics manufacturer Foxconn. The project is part of the government’s India Semiconductor Mission (ISM) and will be located near Jewar airport in Uttar Pradesh, within the Yamuna Expressway Industrial Development Authority (YEIDA) region.

In a surprising statement made during his recent visit to Qatar, US President Donald Trump said he had told Apple CEO Tim Cook that he did not want the tech giant to “build in India.” Trump expressed concerns over India’s high tariffs and indicated a preference for Apple to manufacture iPhones in the United States. However, government sources and Apple insiders have downplayed these comments, saying they will not impact the company’s investment plans in India.

India’s retail inflation continued its downward trajectory for the seventh consecutive month, dipping to 3.16% in April 2025, the lowest recorded since July 2019, according to data released by the National Statistical Office (NSO) on Tuesday. This steady decline has strengthened expectations of a possible interest rate cut by the Reserve Bank of India (RBI) in its June policy review to bolster economic growth.

Air India has purchased six Boeing 777-300ER aircraft, marking its first acquisition of this wide-body aircraft type in more than seven years. According to sources, the aircraft were previously leased and operated by the airline, and this strategic purchase comes amid global supply chain challenges affecting new aircraft deliveries and ongoing refurbishment of its older fleet.

Former BharatPe co-founder and Shark Tank India judge Ashneer Grover took to Instagram to celebrate a proud parenting moment — his son Avyukt (Avy) Grover scored an impressive 91% in his Class 10 board exams. The delighted father shared a heartwarming unseen photo of himself with Avy, both dressed casually, and wrote, “Congrats Avyukt for scoring 91% in X - Boards!! Super proud!!!”

In a significant move to enhance clean energy production and regional energy security, Bhutan's Druk Green Power Corporation (DGPC) and the Adani Group have signed a Memorandum of Understanding (MoU) to jointly develop hydropower projects with a combined capacity of 5,000 megawatts (MW). The agreement, announced in Thimphu, marks a milestone in the ongoing collaboration between the two entities and builds on their existing partnership for the 570/900 MW Wangchhu Hydropower Project.

Paytm's founder and CEO, Vijay Shekhar Sharma, has settled a case with the Securities and Exchange Board of India (SEBI) over violations concerning employee stock options (ESOPs). The case, which stemmed from Sharma's receipt of 21 million ESOPs, was settled with both Paytm and Sharma agreeing to pay a fine of ₹11.1 million each.

An earthquake of magnitude 3.5 struck the Alirajpur district of Madhya Pradesh on Sunday evening, the National Center for Seismology (NCS) reported. The tremor was recorded at 5:10 PM IST at a depth of 10 kilometers.

An Air India flight from Delhi to Tel Aviv was forced to make an emergency diversion to Abu Dhabi on Sunday after a missile, reportedly fired by Yemen’s Houthi rebels, landed near Israel's Ben Gurion Airport. The missile strike sent a plume of smoke into the air and triggered panic among passengers and staff at the airport.