Top Business Headlines
Lenovo India reinforces channel strategy for services growth
The channel is entering a new phase of growth one defined not by transaction volume, but by the outcomes partners deliver. For years, success in the IT channel was measured by product volume. Today, customers are no longer simply buying devices or infrastructure; they are seeking solutions that deliver measurable business outcomes across the entire technology lifecycle.
Vijay's ₹300-crore FDs in focus after his poll win, X users joke 'He's finfluencer's nightmare'
Multiple X users are discussing TVK Founder Joseph Vijay's assets, which include ₹313 crore parked in fixed deposits. "Vijay appears to be risk-averse but may be lacking proper financial advice," a user said, suggesting he invest in high dividend yield stocks of top PSUs. Another called him "finfluencer's nightmare", while a third said, "Who gave such a poor investment suggestion?"
Facebook Co-founder's fund to invest $100 mn/yr in India: Report
Facebook Co-founder Eduardo Saverin’s venture capital firm B Capital is increasing its focus on India, planning to invest $50 million to $100 million annually, Mint reported. The fund will target sectors such as AI, robotics and deep tech. With over $10 billion in assets under management, the firm considers India its second-largest market after the US.
Reliance planning to enter LEO satcom sector to take on Starlink: Report
Mukesh Ambani’s Reliance Industries is planning to enter the satellite communications sector, with billions of dollars earmarked for launching low Earth orbit (LEO) satellites, The Economic Times reported. The move would pit it against global players like Starlink and Amazon Leo. It is expected to be housed under Jio Platforms. Six teams have been formed to work on the project.
RBI weighs plan to issue foreign bonds to support rupee: Report
The Reserve Bank of India is considering a plan for state-owned lenders to issue foreign-currency bonds, a method last used nearly 30 years ago to attract capital inflows and support the rupee, Bloomberg reported. Officials have discussed bonds with a potential five-year maturity. In 1998, SBI raised over $4 billion through the Resurgent India Bonds.
Reliance to briefly shut some units at 6.6 lakh bpd refinery
Reliance Industries will temporarily shut some units at its 6,60,000 barrels-per-day refinery for maintenance, Sujata Sharma, Joint Secretary at the Petroleum and Natural Gas Ministry, said. The shutdown will take place after Nayara Energy resumes operations later this month. There will be no increase in domestic LPG, petrol or diesel prices as a result, she added.
RBI issues draft rules on acquiring immovable assets against loans
The Reserve Bank of India (RBI) has released draft guidelines for acquiring immovable assets by banks, NBFCs and other regulated lenders in exceptional cases during loan recovery. The regulator said such assets must be sold in a timely manner at fair market value to maximise recovery. It proposed a seven-year maximum holding period for these assets.
Cash transfers rise across states, boost consumption signals
Cash transfer schemes now span 17 states and Delhi, up from four in 2019, according to Crisil. A ₹1,500 monthly payout covers up to 74% of rural and 51% of urban expenses for low-income households. Reports suggest this has supported consumption, though rising state debt since FY25 points to growing fiscal pressure.
Amazon union stages 'Ball Without Billionaires' near Met Gala, workers seen walking on runway
A 'Ball Without Billionaires' was staged near Met Gala, hours before the event's scheduled start, by the company's union to protest labour practices and AI investments. Warehouse workers and delivery drivers walked the runway at the event, co-hosted by stylist Gabriella Karefa-Johnson and actress Lisa Walter. 'You can't buy cool' and 'Labour is art' placards were seen near the event.
Sensex closes 940 points higher over hopes of US-Iran peace deal
BSE Sensex jumped over 940 points to close at 77,958.52 on Wednesday, while Nifty 50 closed at 24,330.95 after jumping nearly 300 points. The indices staged a strong late-afternoon rally, primarily driven by hopes of a US-Iran peace deal, which led to a nearly 7% slump in Brent Crude prices. IndiGo, Trent, and Asian Paints were among the top gainers.