Business

New Delhi, Dec 2025 : S&P Global Ratings on Thursday upgraded Reliance Industries Ltd’s (RIL) long-term issuer credit rating from ‘BBB’ to ‘A-’, citing the company’s growing portfolio of stable consumer-facing businesses that are expected to enhance earnings and cash flow stability. The global rating agency highlighted that RIL’s increasing contribution from less cyclical consumer sectors, including digital services and retail, will strengthen the quality of its earnings. “The company’s strong competitive position across its businesses will further drive earnings…

A Major Milestone in Purity Assurance and Curbing Fake Hallmarking Within the first three months following implementation of mandatory HUID for silver, over 17 lakh pieces have been hallmarked, reflecting strong uptake among jewellers and consumers. While the Silver Hallmarking Scheme remains voluntary, HUID marking has been made mandatory for any silver article that is hallmarked. Strong Uptake: Over 17 Lakh Articles Already Hallmarked with HUID Since, the launch of the silver HUID portal, over 17 lakh silver jewellery items have already been hallmarked i.e. within…

The Government of India on 1st December 2025 announced its decision to divest up to 6.0% stake in Bank of Maharashtra (BoM), comprising 5% equity and an additional 1% as a green-shoe option, at a floor price of ₹54.0 per share. Of the total offer size, 10% has been reserved for retail investors, with the remaining allocated to non-retail participants. On 2nd December 2025, the opening day of bidding for non-retail investors, the Offer for Sale (OFS) received an overwhelming…

Mumbai, Dec 2025 : The Reserve Bank of India (RBI) on Tuesday announced that State Bank of India (SBI), HDFC Bank, and ICICI Bank will continue to be classified as the country’s Domestic Systemically Important Banks (D-SIBs). The RBI initially designated SBI and ICICI Bank as D-SIBs in 2015 and 2016, respectively, while HDFC Bank was added to the list in 2017. The latest update is based on data collected from banks as of March 31, 2025, according to an…

Dec 2025 : To enhance safety and offer seamless travel experience on National Highways, NHAI has signed a Memorandum of Understanding (MoU) with Reliance Jio to introduce a telecom-based safety alert system across National Highway network. Using Jio’s existing 4G and 5G network, travellers will receive advance warnings on their mobile phones as they approach identified risk locations such as accident-prone stretches, stray-cattle zones, fog-affected areas and emergency diversions. The initiative aims to strengthen road-safety by providing timely information to…

Bangalore, Dec 2025 : CKPC Properties is widening its residential footprint while deepening its annuity income base through commercial development and managed office assets, while preparing for a calibrated entry into residential development. The company’s commercial portfolio comprises 8 million sq. ft under management and 5 million sq. ft under development, forming a strong pipeline that supports stable rental inflows. Current occupiers include TCS, Bosch, Merck, Syngene, and others across engineering, GCC, BFSI, and technology services. Instead of focusing solely on…

Nov 2025 : REC Limited, a Maharatna Public Sector Enterprise under the Ministry of Power and a leading NBFC, has been honored with the ‘The Economic Times Infra Leadership Awards 2025.’REC was recognized for its outstanding contribution in two categories for Best Infra Projects with Green Financing: the Mumbai Metro and the 500 MW Solar Project in Anantapur. The award was received on behalf of REC by Mr. Kuldeep Rai, Executive Director, and Mr. Debasis Mitra, General Manager, at the…

Coimbatore, Nov 2025 – The foundation stone for the Workshop and Classroom Building at the Ramakrishna Mission Technical Campus, Coimbatore, was laid on 27 November 2025. The upcoming structure is being funded by REC Limited under its CSR initiative. The ceremony was graced by Shri. Narayanan Thirupathy, Independent Director, REC Ltd. and Shri. Immanuvel Antony Doss, Chief Manager, REC Ltd. The new facility, being constructed at a cost of ₹9.06 crore, represents a significant step towards strengthening technical education and advancing…

Union Minister of Commerce and Industry Shri Piyush Goyal observed that while India continues to be globally recognised for iconic teas such as Darjeeling, Assam, and Nilgiri, it is important for the country to develop a wider catalogue of internationally marketable products while addressing the Sankalp Foundation’s National Conference on Safe Tea Production in New Delhi today. Shri Goyal underlined that India must move beyond its traditional strengths and focus on creating new signature blends that resonate with changing consumer…

Mumbai, Nov 2025 : Mukesh Ambani-led Reliance Industries on Friday announced that it has received a penalty order of Rs 56.44 crore from the Joint Commissioner of CGST in Ahmedabad. The order, dated November 25, states that the company’s input tax credit (ITC) should be treated as blocked credit. In an exchange filing, Reliance said the order was issued without considering the classification of services by the service provider. “The Company has received an order dated November 25 (‘Order’) from…