Business News: Economy & Markets

HDFC Bank says legal review did not substantiate former chairman Atanu Chakraborty's claims

IANS | July 11, 2026 7:38 PM

New Delhi, July 11 (IANS) HDFC Bank has reaffirmed its commitment to the highest standards of corporate governance, saying an independent legal review found that the concerns raised by former chairman Atanu Chakraborty in his resignation letter were not substantiated by records reviewed and witness interviews, according to the bank's annual report released on Saturday.

Govt considers pilot AI data trust at IIT Hyderabad: Ashwini Vaishnaw

IANS | July 11, 2026 6:41 PM

Hyderabad, July 11 (IANS) The government is considering launching a pilot project to establish sector-specific data trusts at IIT Hyderabad to make high-quality Indian datasets available for artificial intelligence (AI) development, while ensuring secure and responsible access, Union Minister for Railways, Information and Broadcasting, and Electronics and Information Technology Ashwini Vaishnaw said on Saturday.

ONGC to develop 1.75 MMT strategic petroleum reserve at Mangaluru

IANS | July 11, 2026 6:08 PM

New Delhi, July 11 (IANS) State-run Oil and Natural Gas Corporation (ONGC) has received in-principle approval from its Board of Directors to develop a 1.75 million metric tonne (MMT) Strategic Petroleum Reserve (SPR) at Mangaluru as a project of national importance, in line with directives from the Ministry of Petroleum and Natural Gas (MoPNG).

Meta discontinues AI image generation feature within three days of launch

IANS | July 11, 2026 5:57 PM

New Delhi, July 11 (IANS) US-based technology giant Meta said it has discontinued a feature that allows users to generate AI images using content from public Instagram accounts after public backlash within 3 days of its launch.

Europe’s huge solar infrastructure at critical threat from Chinese hackers: Report

IANS | July 11, 2026 5:21 PM

New Delhi, July 11 (IANS) A new report has warned that by exploiting hardware backdoors or pushing malicious updates simultaneously to millions of inverters, key components of the massive solar infrastructure, Beijing “theoretically commands the ability to cause massive blackouts all around Europe”.

SBI Funds Management flags AUM dependence, market volatility among key risks in IPO document

IANS | July 11, 2026 5:09 PM

New Delhi, July 11 (IANS) SBI Funds Management Ltd, whose Rs 11,693 crore initial public offering (IPO) opens on July 14, has dependence on assets under management (AUM), market volatility, concentration in a few mutual fund schemes, reliance on the SBI distribution network and regulatory changes among the key risks to its business, according to its Red Herring Prospectus (RHP).

PM Modi's visit to Indonesia, Australia and New Zealand delivered significant outcomes: MEA

IANS | July 11, 2026 5:08 PM

Auckland, July 11 (IANS) The Ministry of External Affairs (MEA) on Saturday stated that Prime Minister Narendra Modi's historic visit to New Zealand deepened bonds, strengthened partnerships and shaped a shared future.

Foreign companies’ confidence dips in Pakistan due to worsening security: Report

IANS | July 11, 2026 5:05 PM

New Delhi, July 11 (IANS) The poor law and order in Pakistan remains a major impediment to investment, a new report has said, adding that worsening security in Karachi and persistent challenges in Pakistan's western regions are weighing on foreign investors’ confidence and business operations.

New Zealand's space sector played key role in Chandrayaan-3 success: PM Modi

IANS | July 11, 2026 4:52 PM

Auckland, July 11 (IANS) Prime Minister Narendra Modi said on Saturday that New Zealand's space sector has played a significant role in the success of India's lunar mission Chandrayaan-3.

ED attaches fresh properties worth Rs 1,021 crore in Reliance Anil Ambani Group cases

IANS | July 11, 2026 4:22 PM

New Delhi, July 11 (IANS) The Enforcement Directorate (ED) on Saturday said it has attached fresh properties worth Rs 1,021 crore in the Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL) case, taking total attachments in the Reliance Anil Ambani Group cases to Rs 20,367 crore under the provisions of PMLA.

Business

HDFC Bank says legal review did not substantiate former chairman Atanu Chakraborty's claims

Govt considers pilot AI data trust at IIT Hyderabad: Ashwini Vaishnaw

ONGC to develop 1.75 MMT strategic petroleum reserve at Mangaluru

Meta discontinues AI image generation feature within three days of launch

Europe’s huge solar infrastructure at critical threat from Chinese hackers: Report

SBI Funds Management flags AUM dependence, market volatility among key risks in IPO document

PM Modi's visit to Indonesia, Australia and New Zealand delivered significant outcomes: MEA

Foreign companies’ confidence dips in Pakistan due to worsening security: Report

New Zealand's space sector played key role in Chandrayaan-3 success: PM Modi

ED attaches fresh properties worth Rs 1,021 crore in Reliance Anil Ambani Group cases

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