Economy News ( English version)

Byju Raveendran is directed to appear in a Singapore court on 15 June in a contempt of court case. The entrepreneur received a six-month jail sentence over alleged failure to comply with disclosure orders. He disputes the allegations of misconduct and plans to appeal the verdict.

SBI Funds Management, India’s largest asset manager, is said to be in talks with investors to raise about ₹13,000 crore through an IPO for a likely launch in a couple of months. This comes at a time when India's public market activity has relatively slowed down due to macroeconomic uncertainties.

The top court has ordered the refund of any amount deposited with interest, overturning the regulator’s action over Amazon’s 2019 Future Coupons investment and disclosure allegations.

DS Group partners with Ben's Cookies to launch seven stores initially in Delhi and Mumbai. The brand focuses on premium cookies and aims to cater to Gen Z and millennials seeking indulgent experiences.

Chairman Challa Sreenivasulu Setty has positioned human capital at the centre of SBI’s technology overhaul even as global banks cut jobs amid AI-led restructuring.

India and the United States are set to boost trade talks. A top US team will visit New Delhi from June 1 to 4. The goal is to finalize an interim trade agreement. Discussions will cover market access, customs, and investment. This follows a joint commitment to a broader trade deal.

India must adopt tax moderation and targeted import curbs to boost exports and shield against the West Asia crisis. A report suggests restricting non-essential imports to protect domestic industries and foreign exchange. This strategy aims for macroeconomic fortification, moving beyond subsidies. Reducing non-essential imports is crucial for national securit […]

The Supreme Court has affirmed states' authority to control and prohibit online gaming involving betting. This decision overturns earlier High Court rulings that had struck down state laws restricting online rummy and poker with stakes. The Court stated that even games of skill can be regulated if they impact public well-being.

India faces a looming price hike on everyday goods as global commodity costs surge due to the West Asia conflict. Manufacturers are absorbing rising input expenses, from metals to chemicals, with little price increase so far. This pressure is expected to soon translate into higher consumer prices, impacting household budgets.