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Wipro Bags Multi-Year Deal From US-Based Retirement Service Firm TruStage To Transform Ops
Wipro file image.
India developing indigenous capability to detect unregistered virtual asset service providers: FATF report
India is launching a groundbreaking Virtual Asset Lab to identify unregistered offshore virtual asset service providers. This initiative targets firms that exploit international boundaries to evade Indian regulations and facilitate money laundering. With this proactive measure, India is reinforcing its financial security and enhancing regulatory monitoring in the burgeoning realm of virtual assets.
Devyani to Westlife FoodWorld: QSR stocks near 52-week lows! Should you avoid the sector amid LPG crisis in India?
LPG shortage: While independent restaurants face the most immediate risk of closures, large quick service restaurant (QSR) chains could also experience margin pressure and operational disruptions in certain micro markets, warned experts.
Rs 8.7 lakh crore Jal Jeevan Mission extended till 2028. These 25 stocks likely to be biggest beneficiaries
The Union Cabinet's approval to extend the Jal Jeevan Mission until 2028, with a boosted outlay of Rs 8.69 lakh crore, is set to benefit around 25 stocks. This significant push for rural water infrastructure and service delivery will drive demand for companies in pipes, pumps, construction, and water treatment sectors, aiming for universal tap water access.
Iran war threatens kitchens and sales of Indian QSR giants from McDonald’s to KFC
Iran War: India's quick service restaurant chains, including McDonald's, Domino's, and KFC, face potential disruptions and higher costs due to LPG supply issues linked to the Iran war. A prolonged shortage could impact operations, forcing companies to absorb increased fuel expenses or raise menu prices, affecting restaurant-level margins.
Haveus Aerotech expands MRO footprint with DGCA approval
Haveus Aerotech has secured DGCA approval to expand its services in Bengaluru and Delhi. The Bengaluru facility will now handle specialized galley, avionics, and life-saving equipment. It is South India's first authorized service station by Safran Cabin Germany. Delhi unit gains approval for environmental and temperature-controlled cargo containers.
Restaurants raise concern about potential LPG cylinder shortage to Oil Minister Puri
The National Restaurant Association of India has alerted the Petroleum Minister about a possible shortage of commercial LPG cylinders. This could lead to widespread restaurant closures. The Bangalore Hotels Association is considering a protest. The government must ensure uninterrupted supply as the hotel industry is an essential service.
Eternal, Swiggy shares in focus as commercial cooking gas crisis threatens restaurant operations
India's food-service sector faces disruption due to a shortage of commercial LPG cylinders, risking restaurant shutdowns and impacting listed food-delivery platforms.
NRAI red-flags LPG supply disruption at restaurants; says disruption would lead to “catastrophic closure of restaurants”
The National Restaurant Association of India warns of widespread restaurant closures due to a potential shortage of commercial LPG cylinders. Suppliers are reportedly unable to provide these cylinders, impacting food supply. The association has urged the government for urgent clarification on the matter. Food service is considered an essential service.
Nayara Energy lawsuit against SAP over software service halt in Delhi HC next week
Nayara Energy is taking SAP India to the Delhi High Court. SAP suspended critical software services for Nayara, citing European Union sanctions. Nayara argues its contract is with SAP India, an Indian company, and not subject to foreign sanctions. The court will hear the case next week. This dispute highlights foreign law impacting Indian operations and energy security.
SBI inducts 5,783 junior associates to strengthen branch banking services
State Bank of India has recruited 5,783 junior associates. This hiring strengthens customer service and branch operations. The bank added over 18,000 employees this fiscal year. This is a significant talent induction drive. SBI aims to onboard 16,000 employees annually for future growth. The bank is committed to creating employment opportunities and delivering superior service.
Khadi a symbol of economic resilience: KVIC chief
Khadi fabric represents economic strength. Every purchase supports village industries and a self-reliant India. The Khadi and Village Industries Commission achieved a historic Rs 1.7 lakh crore turnover in 2024-25. This generated employment for 1.94 crore people. The Khadi Mahotsav in Thane celebrates 70 years of KVIC's service. The exhibition features stalls from 15 states.