The Karnataka High Court on Friday dismissed a petition seeking a CBI investigation into the alleged Mysore Urban Development Authority (MUDA) scam involving Chief Minister Siddaramaiah. The court ruled that the Karnataka Lokayukta, which is already investigating the case, is independent and competent, making a transfer to the CBI unnecessary, reported Bar and Bench.

Auto components major Motherson on Friday said it has entered into a joint venture with Japan's Sanko, a player in material handling sector to provide sustainable packaging solutions in India and Europe.

The joint venture (JV) will contribute to greater efficiencies in material handling with cost reduction in overall logistics spending, Motherson said in a statement.

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has decided to revise the repo rate for the first time in two years, reducing it by 25 basis points to 6.25 per cent from 6.5 per cent, Governor Sanjay Malhotra announced on Friday. During the meeting, which took place between February 5 and 7, MPC members unanimously voted to cut the repo rate.

A mob in Bangladesh has demolished the Dhaka family home of ousted prime minister Sheikh Hasina and properties owned by some of her relatives. Leaders of Hasina's Awami League party were also targeted by the mob. The attack, a so-called bulldozer procession, was announced and shared on social media.

Desptie that authorities were still unable to protect the properties.In August 2024, Hasina stepped down after 15 years of repression, including torture, extrajudicial killings, and enforced disappearances.

The Trump administration presented a plan Thursday to dramatically cut staffing worldwide for US aid projects as part of its dismantling of the US Agency for International Development, leaving fewer than 300 workers out of thousands.

Late Thursday, federal workers associations filed suit asking a federal court to stop the shutdown, arguing that President Donald Trump lacks the authority to shut down an agency enshrined in congressional legislation.

Food-tech giant Zomato has officially changed its corporate name to Eternal Ltd, the company said in an exchange filing on Thursday. The rebranding reflects the company’s broader business scope beyond its flagship food delivery service.

When we acquired Blinkit, we started using ‘Eternal’ internally to distinguish between the company and the brand/app. We also thought we would publicly rename the company to Eternal the day something beyond Zomato became a significant driver of our future.

Budget-carrier IndiGo will damp lease a Boeing 787-9 Dreamliner from Norse Atlantic Airways, with operations set to begin in March 2025, the Norwegian airlines said in a press release on Thursday. The move is part of IndiGo’s strategy to expand into long-haul routes ahead of its Airbus A350 deliveries from 2027.

This contract represents an important milestone for Norse as we partner with one of the largest and most reputable airlines in the world.

Tata Power Renewable Energy Ltd (TPREL) on Thursday said it has partnered with Bank of Baroda to facilitate financing of residential rooftop solar projects under the PM - Surya Ghar Muft Bijli Yojana.

Both the entities have signed a Memorandum of Understanding (MoU), under which applicants can avail loan amounts up to Rs 6 lakh at an interest rate starting at 7 per cent per annum with both fixed and floating rate options, TPREL said in a statement.

The Defence Ministry is set to sign the Rs 10,200 crore contract for ammunition for the Pinaka multi-barrel rocket launcher weapon system on Thursday with Solar Industries, Nagpur and public sector firm Munitions India Limited (MIL).

The Cabinet Committee on Security had last week cleared the Indian Army proposal to buy the ammunition including the Area Denial Munitions, said Defence officials.

The Reserve Bank of India (RBI) has directed large non-banking financial companies (NBFCs) to disclose the total charges levied on customers for each loan product.

Additionally, these NBFCs must obtain board approval for the maximum rates they set on loans. Consequently, finance companies will be required to transparently outline the upper limit of charges — comprising interest rates, insurance, processing fees.

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