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The move is part of the company’s expansion beyond its eastern India stronghold, where it has also announced investments in states such as Odisha, West Bengal and Jharkhand1 min read Last Updated : Oct 02 2026 | 3:58 PM ISTIndia’s Shyam Metalics and Energy on Friday said it has signed a deal with the Maharashtra government to invest 500 billion rupees ($5.19 billion) to set up a steel plant in the western state.The integrated metal producer will build a 9 million-metric-tonnes-per-year greenfield steel complex in Chandrapur in the state’s Vidarbha region, the company said in an exchange filing.The project is…
Representative image for fund1 min read Last Updated : Oct 01 2026 | 4:08 PM ISTFirst Published: Oct 01 2026 | 4:08 PM IST
The country received 15 per cent less rainfall than normal between June 1 and September 13. (Photo: PTI)2 min read Last Updated : Sep 30 2026 | 3:18 PM ISTIndia recorded its lowest monsoon rainfall in more than a decade during the June-September season, as the El Nino weather pattern weakened rainfall, news agency Reuters reported. The country received 12.6 per cent less rainfall than the long-period average during the four-month monsoon season. The rainfall deficit makes this the weakest monsoon in India in more than a decade, with El Nino contributing to the below-average precipitation. According to the India Meteorological Department…
Sun Pharmaceutical Industries2 min read Last Updated : Sep 29 2026 | 3:58 PM ISTIndia’s Sun Pharmaceutical Industries is planning to raise around 100 billion rupees ($1.04 billion) via a rupee-denominated debt sale to partly fund a bridge loan it took to acquire US healthcare firm Organon & Co., three sources said on Tuesday.Bridge loans are typically short-term loans taken before acquisitions to provide financing for the deal, which can later be replaced with more permanent funding via bonds or loans.The country’s largest drugmaker by market capitalisation closed a syndication of a near-$12 billion, 18-month bridge loan earlier this year…
Ganesh Mani, CEO, Switch Mobility said, “This order is a strong testament to the growing confidence in electric mobility solutions for large-scale public transportation.”2 min read Last Updated : Sep 28 2026 | 3:56 PM ISTHinduja Group firm Switch Mobility on Monday said it has secured an order for 840 electric buses from Antony Road Transport Solutions under the first phase of the Centre’s PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-Drive) scheme.The order comprises 420 9-metre and as many 12-metre AC electric buses for deployment with the Delhi Transport Corporation (DTC) and Transport Department, Delhi.With the deployment…
Representative Image: Shutterstock1 min read Last Updated : Sep 27 2026 | 1:22 PM ISTTwo separate mass shootings near South Africa’s two biggest cities killed at least 27 people, police said Sunday.The South African Police Service said 17 people were killed Saturday night when suspects armed with AK-47 rifles and pistols opened fire at a bar in Wedela township, southwest of Johannesburg.In a separate statement, police said 10 people were killed in a mass shooting at a store in Lwandle, near Cape Town, around 1 am Sunday.The two shootings come just days after a mass shooting at a house party…
Justice Kant stressed the need for a “child-sensitive response” to addiction to protect not only the child’s physical and mental well-being but also their dignity and sense of self-worth (Photo: PTI)1 min read Last Updated : Sep 26 2026 | 12:37 PM ISTChief Justice of India Surya Kant on Saturday said substance abuse among children must be understood as a child protection issue, rather than as a matter of public health concern.Delivering the Pataliputra Pragya Pravah lecture on ‘Childhood Beyond Drugs: Protection, Care and Reintegration’ at the Bihar Lok Bhavan here, Justice Kant cited a recent Lancet study to say…
Srinivas Injeti, Chairman, National Stock Exchange (NSE) | Image: KAMLESH PEDNEKAR1 min read Last Updated : Sep 25 2026 | 1:16 PM ISTIndia’s markets regulator should reconsider allowing exchanges to list on their own, NSE Chairman Srinivas Injeti said on Friday, a day after the bourse debuted on rival BSE at a valuation of about $47 billion.India does not allow exchanges to list on their own platforms, citing concerns over potential conflicts of interest.However, self-listing is permitted in several major global markets. In the United States for example, the New York Stock Exchange’s parent Intercontinental Exchange is listed and traded on the…
The fee for the franchise’s first season is Rs 12.21 crore.1 min read Last Updated : Sep 24 2026 | 3:16 PM ISTThe Mumbai Cricket Association (MCA) has awarded Aspect Sports the operating rights for the ninth T20 Mumbai League franchise for Rs 106.88 crore over six years. The team will represent Navi Mumbai, the association said on September 23. The fee for the franchise’s first season is Rs 12.21 crore. MCA president Ajinkya Naik said the expansion would bring the league closer to players in Navi Mumbai and “create greater opportunities for emerging cricketers to showcase their talent on a…
US President Donald Trump (Photo:PTI)1 min read Last Updated : Sep 23 2026 | 3:39 PM ISTUS President Donald Trump’s Board of Peace will unveil a six-month, $2.45 billion recovery plan for Gaza at a meeting of its members on Wednesday, Axios reported. The proposed plan includes projected spending for temporary housing, rubble removal, hospital repairs, economic recovery and the deployment of a multinational security force, the report added, citing a copy of the plan. Reuters could not immediately verify the report. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the…
The expanded facilities will produce both regular and high-protein paneer and are expected to be commissioned by June 2027 | Image: Wikimedia Commons2 min read Last Updated : Sep 22 2026 | 2:37 PM ISTParag Milk Foods on Tuesday said the company plans to invest around ₹100 crore to expand its paneer (cottage cheese) manufacturing capacity by adding a 60 MT per day capacity expansion at its Manchar facility in Maharashtra and the Palamaner unit in Andhra Pradesh.Currently, the company manufactures 20 MT per day of paneer at its facilities, Parag Milk Foods said in a statement.The expanded facilities will…
Union Commerce and Industry Minister Piyush Goyal (Photo: PTI)1 min read Last Updated : Sep 21 2026 | 2:34 PM ISTIndia is studying details of US tariffs on buyers of Russian oil, Indian trade minister Piyush Goyal said on Monday, days after the US House of Representatives passed a sweeping sanctions and tariffs bill meant to increase economic pressure on Russia over its invasion of Ukraine. The bill authorises President Donald Trump to impose stiff tariffs of up to 100% on China, India, and other countries to reduce their dependence on Russian energy. (Only the headline and picture of this report may…