Union, Canara Bank to appeal NCLT’s Chandra order

Canara Bank, Union Bank challenge NCLT’s approval of Subhash Chandra’s repayment plan offering creditors just 0.03% recovery. MUMBAI: Canara Bank and Union Bank of India are challenging NCLT’s approval of Zee group founder Subhash Chandra’s repayment plan, under which creditors would recover 0.03% of their admitted claims relating to his liabilities as a personal guarantor,…

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Tyre exports rise 16% to ₹7,700 crore in Q1 amid global headwinds | Chennai News

Strong growth in tyre exports in Q1 reflects the growing acceptance of Indian-made tyres across global markets Chennai: India’s tyre exports grew 16% year-on-year to ₹7,700 crore in the first quarter of FY27, despite geopolitical uncertainty, supply chain disruptions, and elevated input and logistics costs, the Automotive Tyre Manufacturers’ Association (ATMA) said, citing Commerce Ministry…

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From gold rakhis to gadgets, festive shopping gets a digital makeover | India Business News

BENGALURU: At 12 pm on Friday, Raksha Bandhan shoppers on Instamart were ordering 857 rakhis every minute. One Bengaluru customer spent Rs 10,995 on five rakhis featuring 24-karat gold coins, while a shopper in Gurugram put together a Rs 14,630 basket containing rakhis, skincare products, chocolates and soft toys.These were among the festive snapshots shared…

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Industrial output expands 6.7% in July on manufacturing, power

Industrial production grows 6.7% in July, driven by manufacturing and electricity, cooling from June’s 8.8%. NEW DELHI: Industrial production grew 6.7% in July as compared to 5.4% expansion a year ago as the manufacturing and electricity sector saw robust growth, the index of industrial production (IIP) data released Friday showed.Sequentially, the industrial production cooled from…

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