The Indian IT sector currently has over 375,000 active professionals in testing and QA/QC functions across experience levels, according to data sourced from specialist staffing firm Xpheno

IT sector, IT-software sector, artificial intelligence, software development life cycle, quality control

The nation's gas fleet totaled 20.1 gigawatts in April, compared with 25.2 a month earlier, data from the power ministry's Central Electricity Authority show

Cairn Oil & Gas

The purchase order for 10 tankers should come out as early as this month, the people said. Only ships built locally - even if there's foreign collaboration - will be considered for purchase

Oil, Oil tankers, Tankers

Bengaluru hosts Prosus's inaugural Luminate forum as the firm strengthens its ties with India's tech ecosystem and explores AI, digital commerce, and frontier tech

Prosus CEO Fabricio Bloisi

Jio had about 44% of its subscriber base in rural parts by March

telecom

Vedanta Chairman Anil Agarwal urged the government to impose a safeguard duty on aluminium imports, citing the metal's strategic role and rising global trade tensions

Anil Agarwal, Vedanta chairman

Telecom firms plan to oppose DoT's draft rules delicensing lower 6 GHz band, saying it will hamper 5G rollout and cost-effective mid-band spectrum deployment

spectrum

Two-wheeler owners finding upward mobility challenging

SUVs

French auto major Renault group has sought approval from fair trade regulator CCI to buy out its Japanese partner Nissan's remaining 51 per cent stake in their Indian manufacturing joint venture -- Renault Nissan Automotive India Pvt Ltd.
Renault Group B V and its nominee Renault SAS have proposed to acquire the entire shareholding of the Nissan entities in Renault Nissan Automotive India Pvt Ltd (RNAIPL).
"The proposed combination relates to the acquisition of equity shares and fully paid-up zero-coupon non-convertible redeemable preference shares held by Nissan Motor Company Ltd Japan and Nissan Overseas Investments B V in the target (RNAIPL) by acquirer 1 (Renault Group B V) and its nominee, acquirer 2 (Renault SAS)," a notice filed with the Competition Commission of India (CCI) said on May 16.
Renault Group B V is engaged in the designing and manufacturing of passenger cars and light commercial vehicles worldwide and Renault SAS is engaged in the construction, maintenance and ..

Renault

Renault Group B V and its nominee Renault SAS have proposed to acquire the entire shareholding of the Nissan entities in Renault Nissan Automotive India Pvt Ltd (RNAIPL)

The new Haryana plant will produce 750,000 two-wheelers annually and is part of Suzuki's growth strategy for rising demand, localisation, and sustainability goals

Kenichi Umeda, Managing Director, Suzuki Motorcycle India

Kenichi Umeda, Managing Director

We are working with fleet operators and charging networks to make sure both of them work in tandem, says Sanka

Aravind Sanka, Co-founder, Rapido

In FY24, the SMEs were hit hard as a 25 per cent  drop in cotton prices and weak RMG exports pulled down the industry revenue despite steady domestic demand

textile, textile industry, textile manufacturing

Rodtep scheme seeks to refund the duties/taxes/levies, at Central, State and local level, borne on manufacture and distribution of the exported product, which are not rebated through any other schemes

Trade, Container, Economy

You should prepare an e-way bill for sending the goods to the consignee, as instructed by the foreign buyer

trade

From closures to online pivots, how small enterprises weathered the pandemic storm

MSME Sector

"Granting extension of tenures to  PSB & IOB MDs is at a final stage. Both MDs have two years of services left. The final notification will come soon," said the source

banks

SBI cuts fixed deposit rates by 20 bps across tenors from May 16, citing improved liquidity and policy rate cuts; highest interest now at 6.7 per cent for 2-3 years

SBI, State Bank Of India

The Reserve Bank of India on Monday said it has decided to grant "in-principle" approval to UAE-based Emirates NBD Bank PJSC for setting up a wholly-owned subsidiary in India.
Emirates NBD Bank PJSC is currently carrying on banking business in India in branch mode through its branches located in Chennai, Gurugram and Mumbai.
"The in-principle approval has been granted to the bank for setting up a WOS (wholly-owned subsidiary) through conversion of its existing branches in India," the Reserve Bank said in a statement.
RBI further said it would consider granting a licence for commencement of banking business in WOS mode of the Banking Regulation Act, 1949 to Emirates NBD Bank PJSC, on being satisfied that the bank has complied with the requisite conditions laid down by RBI as part of "in-principle" approval.
According to the bank's website, Emirates NBD India branches offer a range of banking services for both personal and corporate clients. It also offers an exclusive banking ...

RBI, Reserve Bank of India

Emirates NBD Bank PJSC is currently carrying on banking business in India in branch mode through its branches located in Chennai, Gurugram and Mumbai

The Reserve Bank on Monday said it has cancelled the licence of Lucknow-based HCBL Co-operative Bank as the lender does not have adequate capital and earning prospects.
Consequently, the bank ceases to carry on banking business, with effect from the close of business on May 19, the Reserve Bank of India (RBI) said in a statement.
The Commissioner and Registrar of Cooperative, Uttar Pradesh has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank, it said.
On liquidation, every depositor would be entitled to receive a deposit insurance claim amount of his/her deposits up to Rs 5 lakh from Deposit Insurance and Credit Guarantee Corporation (DICGC).
As per the data submitted by the bank, 98.69 per cent of the depositors are entitled to receive the full amount of their deposits from DICGC, RBI said.
As of January 31, 2025, DICGC has already paid Rs 21.24 crore of the total insured deposits.
Giving details, the RBI said the cooperative ba

The Reserve Bank on Monday said it has cancelled the licence of Lucknow-based HCBL Co-operative Bank as the lender does not have adequate capital and earning prospects.

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