Business

IndusInd Bank shares jump after RBI signals stability ahead

IndusInd Bank shares jump after RBI signals stability ahead

Shares of IndusInd Bank rose as much as 5.3 per cent on Friday, after the Reserve Bank of India (RBI) said the problems at the private sector lender are likely to settle soon.

However, the stock later gave up some of its early gains. During mid-day trade, around 1:45 pm, IndusInd Bank shares were seen consolidating and were trading at Rs 827.85, up by Rs 24.65 or 3.07 per cent on the National Stock Exchange (NSE).

The bank had been facing scrutiny due to past accounting issues.

RBI Deputy Governor J Swaminathan said that things should return to normal at IndusInd Bank soon.

Adani Ports marks World Environment Day with major sustainability milestone

Adani Ports marks World Environment Day with major sustainability milestone

In a significant stride toward environmental responsibility, Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday marked the World Environment Day with a major sustainability achievement, saying 12 of its key ports have been awarded the Zero Waste to Landfill (ZWL) certification.

This milestone reflects APSEZ’s unwavering commitment to sustainable operations and environmental stewardship.

“The initiative underscores APSEZ’s proactive approach to tackling all types of waste and minimizing landfill contributions. Over the past year, the company has successfully recycled, reused, or repurposed nearly 300 tons of plastic waste — equivalent to the weight of approximately 100 elephants,” said the flagship company of the Adani Group.

Maruti Suzuki dispatches record 5.2 lakh vehicles through Railways in FY25 as part of green drive

Maruti Suzuki dispatches record 5.2 lakh vehicles through Railways in FY25 as part of green drive

Maruti Suzuki India Limited dispatched a record number of 5.18 lakh vehicles through Indian Railways in the financial year 2024-25, as part of its commitment to strengthen green logistics, according to a company statement issued on Thursday.

Maruti Suzuki currently dispatches vehicles to more than 20 hubs using railways, from where over 600 cities across India are served. Port locations of Mundra and Pipavav, used by the company for exports, are also served using railways.

The major advantage of railways is that it offers a low-emission and energy-efficient mode of transportation. Besides, it also helps to ease road congestion.

Mid-senior level jobs surge in India’s GCCs as industry seeks top talent: Report

Mid-senior level jobs surge in India’s GCCs as industry seeks top talent: Report

The talent mix within global capability centres (GCCs) in India is evolving and entry-level roles have declined from 32 per cent to 22 per cent while mid-senior roles have surged to 77 per cent, a 14-point increase, a report showed on Thursday.

This shift points to an increased demand for professionals with "ready-now" capabilities to lead digital innovation in AI, ML, and cloud technologies, said the report by CIEL HR, an end-to-end HR solutions provider.

GCCs are offering significantly higher compensation, ranging from 12 per cent to 20 per cent above traditional IT services, especially in high-demand domains such as generative AI, data analytics, cybersecurity, and cloud. This reflects the premium placed on digital expertise and the sector’s race to attract top talent.

Scientists develop real-time genome sequencing to combat deadly superbug

Scientists develop real-time genome sequencing to combat deadly superbug

Australian scientists have made a breakthrough in combating Staphylococcus aureus, commonly known as golden staph -- a superbug that causes more than a million deaths worldwide each year.

The world-first initiative has demonstrated that real-time genome sequencing during severe infections allows doctors to quickly identify resistance mutations, and personalise treatment, news agency reported.

It will also help curb the spread of antibiotic resistance, said researchers from the Melbourne-based Peter Doherty Institute for Infection and Immunity (Doherty Institute).

Collaborating with seven local hospitals, scientists from the Doherty Institute said that traditionally, hospital laboratories identify bacteria using standard tests that reveal only the species type, offering limited insight into antibiotic resistance or genetic changes.

OpenAI now has 3 million paying business users of ChatGPT

OpenAI now has 3 million paying business users of ChatGPT

OpenAI now supports 3 million paying business users of ChatGPT, up from 2 million announced in February earlier this year, it announced on Thursday.

The milestone reflects increasing demand for ChatGPT products as more businesses seek AI that enables them to work more productively, efficiently, and strategically, said the company.

To provide companies with even more sophisticated, AI-powered tools, an expansive set of new workplace products have arrived in ChatGPT.

While workers can currently use ChatGPT for quick answers, connectors (beta) are a set of integrations that empower every worker with instant access to their company's collective insights, making them more productive, effective, and informed. Admins can also provision which connectors to enable at the workspace level.

Adani Group contributes Rs 74,945 crore tax in FY25, up 29 pc

Adani Group contributes Rs 74,945 crore tax in FY25, up 29 pc

The Adani Group's total contribution to the exchequer increased by 29 per cent to Rs 74,945 crore in fiscal year 2025, from Rs 58,104 crore in FY24, through its portfolio of listed entities, it announced on Thursday.

Of the total contribution of Rs 74,945 crore, direct contributions stood at Rs 28,720 crore, indirect contributions at Rs 45,407 crore, while other contributions at Rs 818 crore, the company said in a statement.

To put it in perspective, Rs 74,945 crore is roughly the cost of building the entire Mumbai Metro network - an infrastructure lifeline for millions of people. It's also nearly enough to host a modern-day Olympics.

Among its publicly listed entities, the leading contributors include Adani Enterprises Limited (AEL), Adani Cement Limited (ACL), Adani Ports and Special Economic Zone (APSEZ), and Adani Green Energy Limited (AGEL).

Football friendly: India lose 0-2 to Thailand ahead of crucial Asian Cup Qualifier

Football friendly: India lose 0-2 to Thailand ahead of crucial Asian Cup Qualifier

The Indian men’s national football team lost 0-2 against a clinical Thailand side in a FIFA International Friendly at the Thammasat Stadium here on Wednesday. It is a huge blow to the side as they get set to face Hong Kong in the AFC Asian Qualifiers 2027 up next.

India showed flashes of grit, only to be undone by moments of precision from their opponents. Goals from Benjamin Davis (8’) in the first half and Poramet Arjvilai (59’) in the second were enough to seal the win for the War Elephants, while India were left ruing missed opportunities and costly defensive lapses.

India's mineral production stays on high growth path in FY 2025-26

India's mineral production stays on high growth path in FY 2025-26

The production of key minerals in India has continued to witness strong growth during FY 2025-26, after reaching record production levels in FY 2024-25.

The production of iron ore, which accounts for 70 per cent of the total mineral output by value, went up to 289 million metric tonne (MMT) in FY 2024-25, breaking the earlier production record of 277 MMT achieved in FY 2023-24, with a 4.3 per cent growth.

As per provisional estimates for the first month (April) of FY 2025-26, there is a steady increase in the production of these minerals as compared to the production in the corresponding month last year.

Over 7 in 10 Indian professionals confident about job retention in FY26

Over 7 in 10 Indian professionals confident about job retention in FY26

More than seven in 10 (73 per cent) of professionals in India are confident about retaining their jobs this year, an 11-percentage point increase from the previous year, a report said on Wednesday.

About 31 per cent of professionals in tier 1 cities feel ‘extremely confident’ about job retention, compared to 18 per cent in tier 2 cities.

Additionally, 85 per cent of professionals in companies with over 5,000 employees express confidence in job retention, while the figure drops to 58 per cent among those in companies with fewer than 50 employees, said the report by Great Learning, a leading global edtech company.

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