Ashley Paul

Borrowers to now be able to avail loans of ₹1 crore against shares, ₹25 lakh to finance IPOs

RBI raised limit for loans availed by keeping shares or IPO bids as collateral. People can now avail up to ₹1-crore loan against shares, which allows access to funds without selling stocks. Additionally, investors willing to purchase shares in IPOs can take loans up to ₹25 lakh and then use the allotted shares as collateral to repay the loans.

Oct 5th, 2025

Borrowers to now be able to avail loans of ₹1 crore against shares, ₹25 lakh to finance IPOs

Ashley Paul

Sresan, the Chennai-based manufacturer of Coldrif which caused children's deaths across multiple Indian states, appears to have started as a private limited company in 1990 before restarting as a proprietorship, NDTV Profit reported. The firm claims online to be "trader" of cough syrups, protein powders, pharma syrups and herbal child growth syrups. One 'Ranganathan' is listed as its GST partner.

Oct 5th, 2025

What is known about Sresan, manufacturer of Coldrif which caused kids' deaths in India?

External Affairs Minister S Jaishankar highlighted the growing impact of US-China relations on global politics, warning of rising competition and risk. Speaking at the 4th Kautilya Economic Conclave, he noted US assertiveness, China's transition, shifting energy dynamics, and the need for a fair trade understanding with the US. He also emphasized diversifying India's trade toward Asia.

Oct 5th, 2025

Jaishankar seeks fair trade deal with US amid rivalry with China

Ashley Paul

A startup founder claimed Mumbai Customs took ₹8,000 bribe for a ₹20,000 iPhone 4S he'd purchased from US via eBay in 2012. He initially believed the amount was import duty and was "shooed off" by the Customs officer when he enquired about it. He said he "exchanged valuables on official's desk" as he wanted to take the iPhone on time.

Oct 5th, 2025

Startup founder claims Customs took ₹8,000 bribe for ₹20,000 iPhone, shooed him for questioning

Ishita Ranganath

The National Stock Exchange announced that it will spend ₹380 crore to build a cancer treatment facility at Tata Memorial Hospital. It's projected to serve nearly 1.3 lakh out-patients department (OPD) visits every year, conduct over 600 BMT procedures/year. The project is being funded by NSE's corporate social responsibility efforts and will commence operations by July 2027.

Oct 5th, 2025

NSE to build ₹380cr cancer treatment block at Tata Memorial Centre

Ashley Paul

Wintrack Founder Prawin Ganeshan, who levelled bribery allegations against Chennai Customs, said the Finance Ministry's inquiry into the allegations has been concluded. He said he attended the senior officer's inquiry with "no expectations and a blank mind, thinking it'd be a one-sided affair". The ministry listened to everyone's grievances, not just those levelled by Wintrack, he added.

Oct 5th, 2025

Prawin claims inquiry into bribery charges concluded, says 'I attended it with blank mind'

Influencer Apoorva Mukhija, aka The Rebel Kid, turned a Mykonos nightclub injury into an AI promotion, crediting Perplexity for medical help. Tagged #ad, the post drew backlash for blurring personal trauma with brand marketing. Critics say using a health emergency to endorse AI misleads followers, risking public safety and raising serious questions about influencer accountability.

Oct 5th, 2025

Influencer Rebel Kid faces backlash for promoting AI after injury

Ishita Ranganath

World Bank chief economist for South Asia Franziska Ohnsorge said that India might gain from AI, with potential to revive private investments. She said, "India's well placed to benefit from AI...it's being adopted aggressively. So, people are finding ways of using it, and it'll come with investment." She added, "Whether that's big enough to move macroeconomic numbers, I don't know."

Oct 5th, 2025

India to benefit from AI, bring investment: World Bank economist

Ishita Ranganath

Senior officials of India and the 27-nation European Union (EU) will commence the next round of talks for a proposed free trade agreement on Monday in Brussels, said an official. With deadline to conclude the negotiations in December, the next meeting would make it the 14th round of negotiations between two sides. The five-day discussion will begin on October 6.

Oct 5th, 2025

India & EU to finalise free trade agreement within 3 months

Ashley Paul

Tata Steel has received a demand letter worth nearly ₹2,411 crore from Deputy Mines Director of Odisha's Jajpur. The letter has been issued in connection with shortfall in dispatch of chrome ore from the company's Sukinda Chromite block between July 23, 2024 and July 22, 2025. Tata Steel had challenged a ₹1,902-crore demand letter issued in the previous year too.

Oct 5th, 2025

Tata Group firm slapped with demand notice worth ₹2,411 crore

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