In a striking revelation, Infosys founder NR Narayana Murthy has disclosed that IIT-Kanpur missed out on a potential windfall of ₹2,000 crore in Infosys shares due to outdated government regulations that barred educational institutions from accepting equity-based donations. A Missed Opportunity for Long-Term Capital Growth Over two decades ago, Murthy offered to donate ₹8 crore…

Mumbai-based luxury real estate firm Arkade Developers Ltd saw its shares climb 4.17% on June 16, 2025, following the announcement of a ₹2,000 crore residential project in Thane, Maharashtra. The stock touched a high of ₹199.45, up from its previous close of ₹192.10, reflecting strong investor confidence in the company’s strategic expansion. Strategic Land Acquisition…

In a major milestone for India’s high-speed rail ambitions, a Siemens-led consortium has bagged a ₹4,100 crore contract from the National High-Speed Rail Corporation Limited (NHSRCL) to deliver advanced signalling and telecommunication systems for the Mumbai-Ahmedabad Bullet Train corridor. Consortium Partners and Scope of Work The winning consortium includes Siemens Limited, Siemens Mobility GmbH, and…

In a major boost to India’s industrial landscape, Uganda-based conglomerate Madhvani Group has announced plans to invest up to ₹10,000 crore in India over the next five years. The announcement follows a high-level meeting between Group Promoter Shrai Madhvani, his wife Aparna Madhvani, and Group Director Nitin Gadhia with Prime Minister Narendra Modi in New…

Sterlite Technologies Ltd (STL) is making a bold play in the global data centre market, unveiling a new suite of AI-optimized connectivity solutions as it targets a $1 billion opportunity worldwide. The move comes as demand for high-performance, scalable, and sustainable data centre infrastructure surges, driven by the exponential growth of AI workloads. AI Workloads…

The Central Bureau of Investigation (CBI) has registered a case against Supertech Limited, its top directors, and unidentified bank officials for allegedly defrauding IDBI Bank of ₹126.07 crore. The case stems from a 2014 term loan of ₹200 crore extended under a consortium arrangement with Union Bank of India, which Supertech allegedly defaulted on, leaving…

A US-based Non-Resident Indian (NRI) faced a harrowing tax ordeal after selling a property in Pune for ₹2 crore, all due to a technical error by the buyer—who used the wrong TDS form while deducting tax at source. The mistake triggered a ₹46 lakh tax demand from the Income Tax Department, despite the NRI having…

In a major crackdown on tax evasion, the Delhi Government’s Department of Trade and Taxes has uncovered a ₹14 crore Goods and Services Tax (GST) refund fraud, retrieving ₹1.16 crore and arresting one key accused. The operation marks a first-of-its-kind data-driven investigation, leveraging big data analytics and banking chain analysis to trace illicit fund flows…

Zerodha co-founder and CEO Nithin Kamath has raised alarm over a sharp rise in broker impersonation scams, urging investors to stay vigilant as the Securities and Exchange Board of India (SEBI) introduces a new UPI security framework to curb fraud in the capital markets. “Scammers Are Impersonating Brokers” – Kamath Warns Taking to X (formerly…