Blog

15 May

Adani Settles U.S. Regulatory Charges for $18 Million

anuprovaBusiness

Gautam Adani and his nephew Sagar Adani have agreed to a proposed settlement with the U.S. Securities and Exchange Commission (SEC) to resolve a civil fraud case over alleged bribery and misleading statements. The two will pay a combined $18 million in civil penalties under terms filed in a New York federal court on May 15, 2026—$6 million from Gautam Adani, $12 million from Sagar Adani. Notably, the settlement allows them to resolve the matter without admitting or denying the SEC’s allegations that they devised a scheme to bribe Indian officials to obtain lucrative contracts to provide solar energy while…

15 May

Two Held in Assam for Allegedly Collecting Biometrics Illegally

riyaAssam, Mizoram

Assam police arrested two residents of Mizoram for allegedly collecting facial biometric data from local residents in Cachar district in the name of an American multinational company without proper authorization. According to police, the duo allegedly organized camps for facial recognition and biometric registration of local youths at a marriage hall in Silchar town a few days ago. Police identified the two suspects as Vanlalrinchhana (33) and Raymond Vatha Chozah (34). According to police, both had been staying in Silchar for the past several months. “They collected facial recognition data and biometric impressions of more than 200 residents, mostly youths,…

14 May

Chocolates top Mother’s Day gifting charts in Kolkata, home décor demand rises

Business BureauBusiness

Kolkata witnessed a strong surge in chocolate purchases this Mother’s Day, with the city emerging as one of India’s biggest markets for thoughtful and home-focused gifting trends, according to Instamart’s Mother’s Day Gifting Trends 2026 report released on May 13.The report showed that chocolates remained the most preferred gifting option in Kolkata, while products such as candles, diffusers and home décor items also recorded strong growth as consumers shifted towards warm at-home celebrations. Across India, gifting patterns reflected a move from simple presents to more thoughtful and care-first choices.Flowers continued to dominate early morning purchases, while cakes peaked during evening…

14 May

Key Policy Decisions Approved by Arunachal Cabinet

ParomitaArunachal Pradesh

The Arunachal Pradesh Cabinet, chaired by Chief Minister Pema Khandu, convened on Thursday, deliberated on a series of important policy, administrative, governance and developmental matters concerning various state government departments.During the meeting, the Cabinet discussed several proposals relating to administrative reforms, recruitment rules, urban governance, public examination safeguards, horticulture promotion, institutional strengthening, welfare measures and service-related matters.One of the significant decisions taken by the Cabinet was approval of the proposal of the Department of Administrative Reforms and Training for framing of the “Arunachal Pradesh Public Examination (Measures for Prevention of Unfair Means in Recruitment) Rules, 2026.” The Rules are aimed…

14 May

Meghalaya Police Earn Praise from CM for Crisis Management

riyaMeghalaya

Meghalaya Chief Minister Conrad K. Sangma on Thursday commended the state police force for its professionalism, discipline and restraint displayed amidst challenges faced in maintaining peace in sensitive situations in the state. Congratulating the police leadership, the Chief Minister said, “I would like to congratulate our Director General of Police, Idashisha Nongrang, and her entire team for their dedication, leadership, and commitment in ensuring that law and order is maintained across the state.” Referring to the recent tensions in Lapangap in West Jaintia Hills, Sangma noted that the police played a crucial role in ensuring peace and stability on the…

14 May

Zydus Lifesciences Bolsters US Specialty Portfolio with ₹1,570 Crore Assertio Acquisition

nanikaBusiness

In a major move to expand its international footprint, Indian pharmaceutical giant Zydus Lifesciences has announced the acquisition of U.S.-based Assertio Holdings. The deal, valued at approximately $166.4 million—roughly 1,570 crore rupees—is a strategic step to solidify Zydus’ presence in the world’s largest healthcare market. The acquisition will be executed through Zydus’ subsidiary, Zydus Worldwide DMCC, and its vehicle, Zara Merger Sub Inc. Under the terms of the all-cash agreement, Zydus will offer $23.50 per share. This bid represents a significant premium over previous offers from Garda Therapeutics, which Assertio’s board recently abandoned in favor of Zydus’ superior value and…

14 May

India’s AI-led startup surge sparks rise of ‘Portfolio Careers’: LinkedIn report

Business BureauBusiness

India is witnessing a major transformation in its entrepreneurial landscape, with artificial intelligence accelerating the rise of new-age founders and flexible “portfolio careers,” according to a new report released by LinkedIn on May 12. The platform reported a 104 per cent year-on-year rise in members adding “Founder” to their profiles in India, marking the highest growth among global markets. The report showed that Gen Z entrepreneurs are leading the shift away from traditional career models, with 75 per cent managing multiple income streams compared to 62 per cent of Gen X founders. LinkedIn said AI and digital tools are lowering…

14 May

Berger Paints Q4 profit jumps 38% as demand recovery lifts margins

Business BureauBusiness

Berger Paints India Ltd reported a strong rise in fourth quarter earnings for FY26, supported by robust volume growth, improved product mix and softer raw material prices amid gradually improving market demand. The company posted a 38.1 per cent year-on-year increase in standalone net profit at Rs 327.3 crore for the quarter ended March 31, 2026, compared to Rs 236.9 crore in the same period last year. Standalone revenue from operations rose 6.7 per cent to Rs 2,504 crore, while EBITDA climbed 17.8 per cent to Rs 458.7 crore. Berger Paints said volume growth stood at 11.8 per cent despite…

14 May

Cipla Sees Strategic Product Pipeline Driving FY27 Recovery Despite Soft U.S. Earnings

anuprovaBusiness

Indian pharma major Cipla is looking at a high-risk recovery plan for FY27, after a tough fourth quarter, that saw its consolidated net profit plummet 54.6% to ₹5.55 billion. The decline in earnings was primarily driven by a 26% year-on-year decline in North America revenues to ₹14.14 billion, as the company faced intense generic competition and a lack of high-margin assets. Performance was further hit by a ₹420 million impairment charge and a suspension of sales of key cancer drug Lanreotide due to regulatory issues at a partner facility. These setbacks notwithstanding, the company continued to see the domestic market…

14 May

Tata Motors drives record FY26 growth, CV business posts sharp rise in revenue and profit

Business BureauBusiness

Tata Motors reported record financial results for Q4 and the full financial year FY26, driven by strong commercial vehicle demand, higher exports, improved realizations and disciplined cost management. The company’s standalone commercial vehicle revenue for Q4 FY26 rose 22 per cent year-on-year to ₹24,452 crore, while EBITDA increased 35 per cent to ₹3,400 crore with margins improving to 13.9 per cent. Profit before tax surged 58 per cent to ₹2,972 crore, while quarterly profit after tax climbed 70 per cent to ₹2,400 crore. For the full year FY26, standalone revenue stood at ₹77,399 crore, up 11 per cent, while EBITDA…