Author: News Desk

The Ministry of Corporate Affairs (MCA) has removed 40,949 inactive companies from the corporate registry under the Companies Act, 2013, over the past three financial years. These removals targeted non-operational and shell entities to ensure a cleaner and more compliant corporate ecosystem. Action Against Non-Compliant Firms In response to an unstarred question in Lok Sabha on July 21, 2025, Minister of State Harsh Malhotra explained that these companies were struck off after being inactive for two consecutive financial years and failing to fulfill statutory requirements like filing declarations or subscribing to capital at the time of incorporation. The most recent…

Kerala Innovation Festival 2025: A decade of driving change and innovation Kochi is gearing up for the second edition of the Kerala Innovation Festival (KIF), an initiative of the Kerala Startup Mission (KSUM). Scheduled for July 25 and 26 at the KSUM headquarters, the festival promises to be a vibrant hub of ideas, creativity, and entrepreneurial energy. This year’s theme, “Innovate the Future, Celebrate the Decade,” celebrates KSUM’s 10th anniversary and its remarkable journey of supporting over 6,500 startups and facilitating investments worth more than ₹6,000 crore in Kerala’s startup ecosystem. A platform for creators, innovators, and change-makers KIF 2025 will host…

Ambani Family’s Culinary Simplicity: From Idlis to Pankis In a world where billionaires are often associated with fine wines and truffle risottos, Mukesh Ambani, India’s richest man, prefers the heart of Matunga East for a crisp Mysore masala dosa or a delicate rice-flour pancake called panki. In an era obsessed with luxury, the Ambanis’ enduring love for South Indian food and Gujarati chaat joints feels refreshingly grounded. From the late Dhirubhai Ambani to Mukesh Ambani, and now to Anant Ambani and Radhika Merchant, certain culinary traditions have stood the test of time. At the centre of this palate nostalgia are…

Sanjiv Goenka, a prominent Indian industrialist, is a close friend and business associate of cricketer Virat Kohli. Their collaboration includes organising the ‘Indian Sports Honours’ awards through Goenka’s company, the RPSG Group. Goenka’s Business Empire Goenka’s estimated net worth stands at ₹33,000 crore. He is the head of the RPSG Group, which operates in sectors like power and energy, IT-enabled services, media, and entertainment. In Forbes Billionaires 2023, he ranked 1,434 globally and 83rd in Forbes India’s list of the 200 richest Indians. Owner of IPL Franchise Lucknow Super Giants Goenka owns the IPL team Lucknow Super Giants (LSG), which…

Optimus: Elon Musk’s humanoid robot goes viral Elon Musk continues to showcase the growing abilities of Tesla’s Optimus humanoid robots, and his latest demonstration has gone viral. At the soft opening of the Tesla Diner and Supercharger station at 7001 W. Santa Monica Boulevard in Hollywood, Los Angeles, Optimus impressed visitors with its human-like behavior. The latest demonstration In a video shared by Musk on X (formerly Twitter), an Optimus robot is seen politely serving popcorn to a customer. The robot holds a packet, fills it with two precise pours, and hands it over with a thumbs-up and a wave.…

Gita Gopinath to step down from IMF and return to Harvard Gita Gopinath, Deputy Managing Director of the International Monetary Fund (IMF), will step down from her role in August 2025. She will rejoin Harvard University as the inaugural Gregory and Ania Coffey Professor of Economics, marking her return to academia after a transformative stint at the IMF. Who is Gita Gopinath? Born in India and now a US citizen, Gopinath made history as the first woman to serve as the IMF’s Chief Economist in 2019. She taught economics at Harvard for over a decade before joining the IMF and…

SunTV expands global sports footprint with Northern Superchargers acquisition SunTV Network, one of India’s largest media companies, is set to expand its global presence in sports by acquiring London-based cricket franchise Northern Superchargers Ltd for £100 million (approximately ₹1,000 crore). Upon completion, the acquisition will make Northern Superchargers a wholly owned subsidiary of the Chennai-headquartered SunTV Network. The Northern Superchargers are part of The Hundred, a unique limited-overs cricket league organized by the England and Wales Cricket Board (ECB). This strategic move marks SunTV’s entry into the UK sports market. SunTV already owns two other prominent cricket franchises: Sunrisers Hyderabad, a team in the…

L&T Energy GreenTech to build India’s largest green hydrogen plant at IOCL Panipat L&T Energy GreenTech (LTEG), a subsidiary of Larsen & Toubro, has unveiled plans to build India’s largest green hydrogen plant at Indian Oil Corporation Ltd’s (IOCL) Panipat refinery in Haryana. Developed on a build-own-operate (BOO) model, the plant will supply 10,000 tonnes of green hydrogen annually to IOCL for the next 25 years. This long-term partnership is expected to significantly aid IOCL in decarbonising its refining operations while contributing to India’s ambitious net-zero targets. Driving India’s green hydrogen mission Designed for round-the-clock operation, the plant will use…

Harivansh Narayan Singh steps in as Rajya Sabha Chairman after Dhankhar’s resignation In a significant political development, Vice President of India and Chairman of the Rajya Sabha, Jagdeep Dhankhar, has tendered his resignation citing health concerns. His resignation, submitted in accordance with Article 67(a) of the Constitution, is effective immediately. Dhankhar, who took office in 2022, had a tenure lasting until 2027. The resignation came on the opening day of the Monsoon session of Parliament. Following this, Deputy Chairman Harivansh Narayan Singh will preside over the Rajya Sabha as interim chair until a new Vice President is elected. Who is…

Airtel overtakes TCS in market capitalization, becoming India’s third most valuable company Indian billionaire Sunil Mittal continues to expand his business empire as Bharti Airtel, India’s second-largest telecom operator, surpasses Tata Consultancy Services (TCS) to become the country’s third-most valuable company by market capitalization. Airtel now trails only Mukesh Ambani’s Reliance Industries and HDFC Bank. The telecom giant’s shares recently rose by 0.33%, pushing its market value to ₹11.44 lakh crore—around ₹2,000 crore more than TCS. In comparison, TCS shares closed at ₹3,158.90, with its market cap standing at ₹11.42 lakh crore. Bharti Airtel vs TCS: contrasting market trajectories Bharti…