Author: News Desk

Railways play a critical role in driving industrial and economic development in Saudi Arabia, Vice Minister of Industry and Mineral Resources for Industrial Affairs Khalil bin Ibrahim bin Salamah said at the Saudi International Rail Exhibition and Conference in Riyadh. He highlighted that the railway network is essential for transporting raw materials to manufacturing facilities and finished goods to ports and cities, supporting the growth of industrial clusters across the Kingdom. Salamah noted that the government has established specialized industrial clusters focused on converting raw materials into high-value products. These clusters are integrated through the advanced railway network, creating an…

Tech start-ups in India and around the world faced turbulent times in 2022 and 2023 as funding slowed and thousands of employees were laid off. While layoffs in India have decreased since 2024, they remain relatively high, particularly in sectors like electric mobility and online gaming. Data from Layoffs.fyi shows that between January and October 2025, Indian start-ups cut 4,282 jobs across 25 companies, a significant drop from the 14,978 layoffs across 108 firms recorded in 2023. This moderation reflects efforts by start-ups to streamline operations, focus on profitability, and reassess hiring practices following the pandemic-driven tech boom. Globally, the…

AIADMK leader R.B. Udayakumar on Tuesday sharply criticized the DMK government, accusing it of missing out on a major technological investment for Tamil Nadu despite the state’s strong cultural ties to global tech leaders. Speaking to the media, he highlighted that Sundar Pichai, CEO of Google, hails from Tamil Nadu, yet the DMK failed to approach the company to set up its AI infrastructure hub in the state. Udayakumar noted that because of the state government’s inaction, the project was instead awarded to Andhra Pradesh. He stressed that such missed opportunities not only deprive Tamil Nadu of potential investments but…

Andhra Pradesh, whose shrimp industry has been hit hard by US tariffs, is now looking to Australia as an alternative market. N Lokesh Naidu, the state’s IT and HRD Minister and son of Chief Minister Chandrababu Naidu, said during his seven-day tour of Australia that the government there may ease restrictions on importing Indian prawns. A longstanding challenge for Indian seafood exporters has been Australia’s ban on unpeeled prawns due to concerns over the white spot virus. Lokesh announced that following “extensive work” by the Indian and Australian governments, the first import approval for Indian prawns has been granted. He…

Following the success of its S-400 air defence system in Operation Sindoor, where it reportedly shot down six to seven Pakistani fighter and spy planes at distances exceeding 300 km, India is planning to acquire additional missiles from Russia worth around Rs 10,000 crore. The Indian Air Force has described the system’s performance as a game-changer for its air defence capabilities. Defence sources told ANI that India is looking to buy these missiles in significant numbers to further strengthen its air defence. Discussions with Russia are already underway, and the Defence Ministry is expected to review the proposal at the…

US President Donald Trump said he spoke with Prime Minister Narendra Modi on the occasion of Diwali, discussing trade ties and regional stability, including the situation with Pakistan. At a Diwali event at the White House, Trump said, “I just spoke to your Prime Minister today. We had a great conversation about trade, he’s very focused on that. We also talked about keeping peace with Pakistan. India and Pakistan are not at war, which is a very good thing.” He described Modi as “a great person” and “a good friend” he has known for years. Trade and Tariffs Trump also…

India has rolled out major changes to its Aadhaar system that will have direct implications for banking, small savings and investment services. The updates span from increased update fees to stricter linking and verification rules, effective October 2025. Higher Update Fees & WaiversEffective 1 October 2025, UIDAI has revised its charges: demographic updates now cost ₹75 (up from ₹50), and biometric updates cost ₹125 (up from ₹100). Children aged 5–7 and 15–17 receive biometric updates free of charge, and document updates filed online are free until 14 June 2026. Mandatory PAN-Aadhaar LinkingFailure to link your Permanent Account Number (PAN) with Aadhaar may render your…

Shares of private banks, especially Yes Bank and RBL Bank, have drawn attention after Japan’s Sumitomo Mitsui Banking Corporation and UAE-based Emirates NBD acquired stakes in these Indian banks. Market Performance: Private vs PSU Banks Over the past eight months: RBL Bank Stock Outlook RBL Bank is trading above its 100-Month Moving Average (100-MMA) for the first time at ₹284, which acts as a key bullish pivot. Additional support exists at ₹274 and ₹258. Yes Bank Stock Outlook Yes Bank is testing its 20-Day Moving Average (20-DMA) around ₹22.15. A sustainable rally requires breaking and trading above ₹25.50, with interim resistance at ₹24.34.DCB Bank Stock Outlook DCB Bank recently surged 13% on the…

Ambuja Cements, part of the Adani Group and India’s second-largest cement producer, has reportedly placed an order for seven conventional bulk carriers with China’s state-owned Nantong Xiangyu Shipbuilding & Offshore Engineering. The deal is valued at approximately $100 million, though Ambuja Cements has yet to make an official announcement. Choice of Chinese Shipyard Ambuja Cements considered Cochin Shipyard, Swan Defence and Heavy Industries, and yards in Indonesia, the Philippines, and Vietnam before selecting Nantong Xiangyu, citing competitive pricing and early delivery schedules. Nantong Xiangyu is part of Xiamen Xiangyu Group, a state-owned Chinese enterprise. Purpose and Logistics Strategy The 19,000-deadweight ton (dwt) bulk carriers will transport cement and clinker for Ambuja’s Sanghi Industries 6.1…

Quick-commerce firm Zepto has removed around 300 employees from its payroll to reduce costs, according to Moneycontrol. These employees have been reassigned to third-party service providers who handle tasks for Zepto and other companies. Context: Funding and Valuation The layoffs come shortly after Zepto raised $450 million in fresh funding, bringing its valuation to $7 billion, up 40% from last year’s $5 billion valuation. Focus on Automation and Efficiency A Zepto spokesperson explained that the move is part of a broader effort to control monthly employee costs without affecting productivity. Over the past six months, Zepto has automated operational tasks such as invoice processing, replenishment, and real estate management, primarily handled…