Business

Mumbai, Dec 2025 : UltraTech Cement Limited has been served a tax demand order of nearly Rs 390 crore by the Joint Commissioner of Central Goods and Services Tax and Central Excise, Patna, prompting the company to prepare a legal response. In addition to the alleged tax dues, the company has been directed to pay a matching penalty of around Rs 390 crore, along with interest of approximately Rs 28 lakh. In a regulatory filing on Sunday, UltraTech Cement said…

December 2025: Across India, battery recycling faces a mixture of challenges and opportunity as it plays an important role in the country’s shift to clean power. A fledgling system has taken off in the past decade for recovering materials from the batteries used in electric vehicles, smartphones and other consumer electronics. The valuable minerals these companies recover, such as lithium, cobalt and nickel are then reused in India’s growing fleet of electric vehicles and solar power installations. Recycling and repurposing…

New Delhi, December 2025: The second meeting of the India Energy Stack (IES) Taskforce was held today, with participation from Taskforce members as well as representatives from the Ministry of Power, regulators, industry, academia, and other key stakeholders. The meeting reviewed the Version 0.2 drafts of the IES Strategy and Architecture documents, which have been developed based on the guidance provided during the inaugural meeting convened by the Ministry of Power. At the previous meeting, the Taskforce had aligned on…

National Council for Vocational Education and Training (NCVET) has granted recognition to Dr. Reddy’s Foundation (DRF) as Awarding Body (Standard) through the signing of Agreement today, 19th December 2025. With this recognition DRF will be eligible to award, assess and certify the learners where training is directly being imparted by the Awarding Body in campuses or training centers owned or fully managed by it for its approved or adopted qualifications. As first major initiative under this framework, the “Pharma Manufacturing Technician” qualification (NSQF Level…

Digital innovation and Technology adoption key to positioning India as a future-ready global MICE destination: Shri Suman Billa The Union Ministry of Tourism, Government of India, is set to establish city-level convention promotion bureaus as independent bodies, in partnership with stakeholders, beginning in 2026, to significantly boost India’s Meetings, Incentives, Conventions and Exhibitions (MICE) tourism ecosystem. This was stated by Shri Suman Billa, Additional Secretary and Director General, Ministry of Tourism, while inaugurating the IEIA EventTech & MarTech Summit 2025,…

#OneRRBOneLogo” initiative by NABARD and the Government of India New logo, a symbol of Progress, Nurture and Enlightenment On the principle of “One State One RRB”, the Department of Financial Services, Ministry of Finance has consolidated 26 Regional Rural Banks (RRBs) across 11 States/UTs, effective from 01.05.2025. This reform marks a crucial step toward building stronger and more efficient RRBs. Presently, 28 RRBs continue to serve the nation through an extensive network of over 22,000 branches in more than 700…

Framework mandates board-approved claim policies, transparent assessments and time-bound settlements to safeguard motor insurance policyholders Motor insurance complaints fall from 26.18% in FY 2023-24 to 24.8% in FY 2024-25 The sector regulator, Insurance Regulatory and Development Authority of India (IRDAI) has taken various regulatory measures for protection of policyholders’ interests which require insurers to adopt transparent, time-bound and fair claim-settlement processes. The Regulations form the primary legal instrument to prevent arbitrary or coercive practices during motor claim settlement. The IRDAI…

New Delhi, Dec 2025 : The Department of Financial Services (DFS) under the Ministry of Finance has notified the appointment of Ravi Ranjan as Managing Director of the State Bank of India (SBI), effective December 15, according to a regulatory filing by the country’s largest public sector lender. Ravi Ranjan, who was previously serving as Deputy Managing Director, will hold the position until his superannuation on September 30, 2028, or until further orders, as per provisions of the State Bank…

A Dividend Distribution Ceremony was held on Monday, 15th December 2025, in respect of Bharat Heavy Electricals Limited (BHEL). The occasion was graced by the presence of Union Minister for Heavy Industries and Steel, Shri H.D. Kumaraswamy. The event was also attended by the Secretary, Ministry of Heavy Industries, Joint Secretary (Ministry of Heavy Industries), CMD & Functional Directors of BHEL. During the ceremony, a dividend cheque of Rs. 109.98 Crore was handed over to the Union Minister for Heavy Industries…

Department of Fisheries organized First-ever Investors’ Meet organized in Lakshadweep Islands to unlock untapped Fisheries potential The Department of Fisheries organized First-ever Investors’ Meet organized in Lakshadweep Islands to unlock untapped Fisheries potential on 13th December, 2025 in Bangaram Islands, UT of Lakshadweep in the august presence of Union Minister Shri Rajiv Ranjan Singh, Ministry of Fisheries, Animal Husbandry & Dairying and Ministry of Panchayati Raj; Ministers of State Prof. S.P. Singh Baghel, MoFAH&D and Panchayati Raj; and Shri George Kurian,…