Vodafone Idea Telecom Infrastructure Ltd, a subsidiary of Vodafone Idea, is preparing to raise up to ₹5,000 crore in short-term debt through bonds in September. The company plans to issue ₹3,000 crore in two-year bonds and ₹2,000 crore in three-year bonds. Coupon Rates and Investor Base The

The Reserve Bank of India (RBI) has started consultations with exporters to understand what support they may need as the US prepares to impose steep tariffs on Indian goods. These discussions are expected to continue through the week, with small and medium-sized enterprises flagged as the most at risk. Tariff Impact on Exports The US […]

The Mahindra BE 6 Batman Edition, a special limited-edition electric SUV inspired by the Dark Knight trilogy, sold out in just 135 seconds after bookings opened at 11 am. Mahindra initially limited production to 300 units but later increased it to 999 due to high demand. All units were booked within minutes. Design and Features […]

Elon Musk’s companies, xAI and X Corp., have filed a federal antitrust lawsuit against Apple and OpenAI. The suit alleges that the two giants have colluded to stifle competition in AI by integrating ChatGPT deeply into Apple’s ecosystem, thereby disadvantaging rival platforms like xAI’s Grok chatbot. Unfair Advantage Alleged The lawsuit claims that Apple’s exclusive […]

The government is preparing to revamp the Goods and Services Tax (GST) structure by Dussehra. The new plan includes two primary slabs of 5% and 18%, along with a 40% levy on luxury and sin goods. The proposal will be discussed in the upcoming GST Council meeting in early September, with implementation likely around the […]

Oil prices inched higher after Ukrainian drone attacks on Russian energy facilities sparked supply concerns. Brent crude was trading near $67.76 per barrel, while U.S. West Texas Intermediate (WTI) reached about $63.73. Damage to Russian Facilities The strikes targeted major infrastructure, including a reactor at a Russian nuclear plant, the Ust-Luga fuel export terminal,

Prime Minister Narendra Modi announced that India will soon export electric vehicles (EVs) to 100 countries, describing it as a landmark for the automobile industry. A formal launch event for the initiative is scheduled for August 26. Growth in Auto Exports Modi noted that in 2014 India’s annual automobile exports were around ₹50,000 crore. Today, […]

Prime Minister Narendra Modi announced that India’s first fully made-in-India semiconductor chip will be launched by the end of 2025. Speaking from the Red Fort, he said this milestone will mark a turning point in India’s technological self-reliance and global competitiveness. Missed Opportunities in the Past Modi noted that India had missed earlier chances in […]

The Central Bureau of Investigation (CBI) has filed a First Information Report (FIR) in connection with an alleged ₹2,000 crore bank fraud involving Reliance Communications (RCOM) and its former chairman, industrialist Anil Ambani. Following the FIR, the agency carried out raids at six premises in Mumbai linked to Ambani and the company. SBI’s Fraud Allegation […]

President Donald Trump confirmed that the U.S. government has acquired a 9.9% equity stake in Intel. The move comes after federal grants allocated under the CHIPS and Secure Enclave programs were converted into ownership shares. The government will pay about $8.9 billion for 433.3 million shares at $20.47 each. Share Value and Market Impact The […]