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But when electoral strategies lean too heavily on freebies, the broader goal of building a resilient, self-sustaining economy risks getting derailed.

Updated : Jun 7, 2025

GDP vs freebies: Financial advisor slams giveaways as ‘wealth destruction’, says ‘govt is horrid at capital allocation’

Critics warn that an overdependence on subsidies and handouts hampers fiscal health and stunts productivity. Advocates counter that such welfare measures are necessary lifelines for the underprivileged.

Reliance Industries Chairman Mukesh Ambani.

Updated : Jun 7, 2025

Mukesh Ambani announces Rs 151 crore grant to ICT Mumbai, shares four ideas for 'Guru Dakshina' to professors

RIL Chairman Mukesh Ambani on Saturday announced a Rs 151 crore grant to his alma mater, the Institute of Chemical Technology (ICT), Mumbai. He described Professor MM Sharma as an “Influencer with a difference,” crediting him with shaping industrial policy and mentoring generations of scientists.

There’s no single test. Doctors typically begin with a physical exam and ask about mental health, diet, activity levels, and current medications.

Updated : Jun 7, 2025

Brain fog cases on the rise in India: Causes, symptoms and how to stay safe

Across India, more people are grappling with brain fog — a condition marked by mental confusion and sluggish thinking. Experts attribute this surge to a mix of modern stressors, post-pandemic aftereffects, and environmental triggers.

The Delhi airport said that operations continue to remain normal, but some flight schedules may be impacted

Updated : Jun 7, 2025

Delhi Airport to cancel 114 daily flights for runway upgrade from June 15 to Sept 15; check details

Delhi Airport will cancel up to 114 flights daily from June 15 to September 15 for a major runway upgrade aimed at improving winter fog operations. The upgrade will make the runway CAT III compliant, with a revised slot plan in place to minimise disruption.

Byju's has vehemently refuted the claims made in a recent US lawsuit accusing the company's top leadership of embezzling $533 million.

Updated : Jun 7, 2025

NCLAT rejects Byju's appeal to raise equity for Aakash, freezes stake structure

The National Company Law Appellate Tribunal (NCLAT) has dismissed Byju's plea seeking permission to raise equity funding for its subsidiary, Aakash Educational Services, delivering a major blow to the edtech giant's fundraising efforts.

He also highlighted the practical necessity of Kannada in rural areas, where many residents may not understand Hindi or English.

Updated : Jun 7, 2025

‘Not learning Kannada shows arrogance’: Mohandas Pai urges outsiders to respect local culture

Pai’s message goes beyond Karnataka. He urged professionals across India to make similar efforts when relocating—be it to Bengal, Maharashtra, or any other state. “It’s not just about communication—it’s about respecting the culture of the place you’ve chosen to live in,” he said.

The post landed at a time when Indian entrepreneurship is at a crossroad—crowded with talent, yet often throttled by fear, red tape, or the pressure to conform.

Updated : Jun 7, 2025

‘No money. No plan. No net’: How Anupam Mittal built online in a country still offline

Mittal’s message wasn’t just personal. He pointed to a broader pattern—creators who started before content was cool, founders who launched when the market said “not now,” and brands that chose instinct over instruction.

As per reports, Haier’s Chinese parent will retain an equal stake, while 2% will be held by employees.

Updated : Jun 6, 2025

Sunil Mittal and Warburg Pincus in talks for $2 bn stake in Haier India: Report

Sunil Mittal and Warburg Pincus are in exclusive talks to acquire a 49% stake in Haier India in a deal valued at around $2 billion, a formal announcement expected this month.

The RBI's Monetary Policy Committee (MPC) announced on Friday a reduction of 50 basis points in the repo rate to 5.5%, marking the third consecutive rate cut in the current year.

Updated : Jun 6, 2025

From rate cut to CRR slash: RBI front-loads stimulus to revive credit and ease pressure on banks, says SBI

According to SBI Research’s Ecowrap report, this staggered CRR cut is expected to release Rs 2.5 lakh crore of primary liquidity into the banking system by the end of 2025.

L&T, a $30 billion multinational, operates in the fields of EPC projects, hi-tech manufacturing, and services across global markets.

Updated : Jun 6, 2025

L&T announces India's first Listed ESG Bond deal in partnership with HSBC

As part of the ESG bond deal, L&T has committed to reducing its greenhouse gas emissions and the intensity of freshwater withdrawal. These align with its long-term goals of achieving water neutrality by 2035 and carbon neutrality by 2040.

He urged Indian trade officials to “push back on inflated deficit claims” and demand “fair, reciprocal terms.”

Updated : Jun 6, 2025

'US is not the victim...': GTRI founder says India fuels a hidden $40 billion American surplus

Srivastava warned that U.S. negotiators use the deficit narrative to push India into lowering tariffs and relaxing rules in areas like digital trade, IP, and government procurement—sectors where U.S. firms already dominate.

Following the comments, IndusInd Bank Ltd. saw its shares rise by 5% on Friday, June 6. At 2 PM, the shares were trading at Rs 824.25, up by 2.63%.

Updated : Jun 6, 2025

IndusInd Bank’s accounting crisis under control, to be resolved soon: RBI Governor Sanjay Malhotra

RBI Governor Sanjay Malhotra has said the accounting issues at IndusInd Bank are under control and should be resolved soon. His assurance comes as SEBI cracks down on former top executives for insider trading linked to the bank’s financial discrepancies.

RBI MPC decision to cut repo rate, CRR garners applause

Updated : Jun 6, 2025

‘Bold, strategic’: Financial experts laud RBI MPC decision to cut 50 bps repo rate, 100 bps CRR

Economist Sanjeev Sanyal also called it an excellent move, while Uday Kotak called RBI MPC decisions 'bold and strategic'.

Combined with the 50 bps repo rate cut, which directly lowers the cost of borrowing, the RBI has signaled aggressive support for economic expansion.

Updated : Jun 6, 2025

'BrahMos, Pinaka, Akash activated together': RBI's 100 bps CRR cut floods banks with lending firepower

RBI Governor Sanjay Malhotra announced the CRR cut will be staggered in four phases, calling it a liquidity infusion designed to reduce banks’ funding costs and stimulate credit growth.

RBI MPC: Gov Malhotra maintains GDP growth rate projection at 6.5%

Updated : Jun 6, 2025

RBI Monetary Policy Meeting: Gov Malhotra maintains India’s GDP growth projection for 2025-26 at 6.5%

RBI MPC announcements: The Indian economy displays strength, stability and opportunity amid a changing global economic order, said RBI Governor Malhotra.

With this, home loan rates are expected to go down, providing a relief to homebuyers.

Updated : Jun 6, 2025

RBI announces jumbo rate cut: Repo rate slashed by 50 bps to 5.5%, home loan rates to go down

The meeting was held in the backdrop of the promising start of the monsoon season in India, even as the global scenario continues to remain uncertain, Malhotra stated.

Mallya also spoke about social isolation, saying many former political and corporate contacts distanced themselves.

Updated : Jun 6, 2025

‘No ease of doing business in India’: Vijay Mallya slams system, says fair trial only way he’ll return

Mallya fled to the UK in 2016 after the Indian government revoked his passport amid allegations of financial misconduct. “My freedom ended the day they took my passport,” he said.

Biyani argued that India remains culturally tethered to its past, with traditions and mythology shaping how families educate children.

Updated : Jun 5, 2025

'China has destroyed its past': Kishore Biyani says India stuck in stories, not strategy

Biyani urged a narrative shift. “We need new stories—stories of entrepreneurship, growth, and development,” he said, identifying podcasts as a modern tool to drive this change.

KFin block deal: The report, quoting sources, further suggested that sale is expected to be executed at a discount of 5-8 per cent over Wednesday's closing price.

Updated : Jun 5, 2025

Bajaj Finserv block deal worth Rs 4,750 crore likely Friday; floor price set at Rs 1,880

Promoter entities Bajaj Holdings & Investment and Jamnalal Sons are set to offload a 1.6% stake in Bajaj Finserv via block deals on Friday.

India ended 2024 with 378,810 millionaires holding $1.5 trillion in investable assets.

Updated : Jun 5, 2025

Wealth boom: India churns billionaires much faster compared to the US and China, says financial advisor

Breeding ground for billionaires: the World Wealth Report 2025 from Capgemini Research Institute revealed that India’s high-net-worth individual (HNWI) population grew 5.6% in 2024, with their collective wealth rising 8.8% — outpacing both China and global peers.

Updated : Jun 5, 2025

Aditya Birla Group expands US footprint with acquisition of Cargill’s chemical facility

The agreement was finalised through Aditya Birla Chemicals (USA) Inc., a subsidiary of Aditya Birla Chemicals (Thailand) Ltd, further expanding the Indian conglomerate's diverse $15 billion US portfolio that includes Novelis and Birla Carbon.

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GDP vs freebies: Financial advisor slams giveaways as ‘wealth destruction’, says ‘govt is horrid at capital allocation’

Mukesh Ambani announces Rs 151 crore grant to ICT Mumbai, shares four ideas for 'Guru Dakshina' to professors

Brain fog cases on the rise in India: Causes, symptoms and how to stay safe

Delhi Airport to cancel 114 daily flights for runway upgrade from June 15 to Sept 15; check details

NCLAT rejects Byju's appeal to raise equity for Aakash, freezes stake structure

‘Not learning Kannada shows arrogance’: Mohandas Pai urges outsiders to respect local culture

‘No money. No plan. No net’: How Anupam Mittal built online in a country still offline

Sunil Mittal and Warburg Pincus in talks for $2 bn stake in Haier India: Report

From rate cut to CRR slash: RBI front-loads stimulus to revive credit and ease pressure on banks, says SBI

L&T announces India's first Listed ESG Bond deal in partnership with HSBC

'US is not the victim...': GTRI founder says India fuels a hidden $40 billion American surplus

IndusInd Bank’s accounting crisis under control, to be resolved soon: RBI Governor Sanjay Malhotra

‘Bold, strategic’: Financial experts laud RBI MPC decision to cut 50 bps repo rate, 100 bps CRR

'BrahMos, Pinaka, Akash activated together': RBI's 100 bps CRR cut floods banks with lending firepower

RBI Monetary Policy Meeting: Gov Malhotra maintains India’s GDP growth projection for 2025-26 at 6.5%

RBI announces jumbo rate cut: Repo rate slashed by 50 bps to 5.5%, home loan rates to go down

‘No ease of doing business in India’: Vijay Mallya slams system, says fair trial only way he’ll return

'China has destroyed its past': Kishore Biyani says India stuck in stories, not strategy

Bajaj Finserv block deal worth Rs 4,750 crore likely Friday; floor price set at Rs 1,880

Wealth boom: India churns billionaires much faster compared to the US and China, says financial advisor

Aditya Birla Group expands US footprint with acquisition of Cargill’s chemical facility

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