The ministry of textiles increased the monetary ceiling to ₹1 crore from ₹50 lakh by amending Rule 22 of the Central Silk Board Rules, 1955, through a government notification issued on Friday. The change allows higher-value proposals to be cleared at the board level without repeated escalation for approvals, a process that officials said had…
The big question is: will it deliver over the next few years? Social commerce broadly takes three forms: livestream selling, influencer-led discovery and group buying. Livestreaming implies an influencer broadcasting a live video with their followers, allowing viewers to watch, interact and shop while the stream is happening. According to the Economist, nearly half of…
India’s fertilizer supply strategy is once again under strain. Despite years of policy focus on boosting domestic output and cutting import dependence, fertilizer imports have surged in the current financial year as rising farm demand outpaces local production, with implications for subsidies, soil health and food security. Mint explains the numbers behind the surge in…
After Saregama invested ₹325 crore in an initial stake in filmmaker Sanjay Leela Bhansali’s company in December and Universal Music acquired a 30% stake in Excel Entertainment earlier this month, it is clear music labels are taking an interest in film companies, pointing to growing trends and challenges in both ecosystems. According to industry experts,…
When fintech firm CashKaro posted what looked like a billboard for its offerings on its official LinkedIn account, plenty of people took issue with the central joke. The first billboard is all about reeling in the audience with a double-meaning joke in Hindi, seemingly comparing the sizes of two men. Turns out, the comparison is…
India’s power distribution companies (discoms) returned to profits in FY25, having reported a cumulative ₹2,701-crore profit after tax for the fiscal year, as against a loss of ₹25,553 crore in the year before, the power ministry said on Sunday. Union power minister Manohar Lal attributed the turnaround to the Centre’s initiatives, including the revamped distribution…
Prices of hot-rolled coil (HRC) and cold-rolled coil (CRC) were increased by 4% to Rs.51,700 per tonne in the second week of January, after a 2-4% hike in early January 2026, according to Big Mint, a commodities market intelligence. Rebar prices were raised by nearly 7% to Rs.52,500 per tonne in the second week of…
Bank holidays next week: The Reserve Bank of India’s full schedule for January 2025 is out and among the days which banks will be closed this week include the birthday of Netaji Subhash Chandra Bose, Saraswati Puja, and Basanta Panchami, besides the weekly offs on Saturdays and Sundays. Notably, next week has a long weekend…
Novo executives project that oral pills could capture more than a third of the total obesity drug market by 2030. Its rival Eli Lilly is expected to receive approval from the US Federal Drug Administration (FDA) for its own oral weight-loss drug, Orforglipron, by March 2026. These moves reflect intense competition in the weight-loss drugs…
Bank holiday today, 17 January: Multiple bank holidays were observed in January due to various harvest festivals in different states, while others were the regular weekend offs. However, since this month has 5 Saturdays and Sundays and multiple regional festivals, the question is whether banks are open or closed today, January 17, which is a…