Day: July 10, 2025

Indian investigators have confirmed that the black boxes from last month’s deadly Air India crash, which killed 260 people, were not damaged and have yielded “good data,” countering earlier media reports. The Aircraft Accident Investigation Bureau shared this with lawmakers during a closed-door parliamentary panel. The probe is focusing on fuel control switches and engine…

Life Insurance Corporation (LIC) experienced a 14.60% YoY increase in individual premium for June 2025, surpassing the 12.12% growth of private life insurers. However, LIC’s total premium income declined by 3.43% to Rs 27,395 crore, while private sector players saw a 2.45% decrease to Rs 13,722 crore. LIC issued 12.49 lakh policies in June 2025.

Tamil Nadu Chief Minister M.K. Stalin intervened to resolve a business dispute between his nephews, Kalanithi and Dayanidhi Maran, concerning Sun TV Network shares. Dayanidhi had issued a legal notice accusing Kalanithi of unfairly acquiring profits, threatening legal escalation. Stalin’s mediation led to Dayanidhi withdrawing the notice, averting a public family feud.

The Delhi High Court has restrained Kuku FM from releasing new episodes of five series. Pocket FM alleges copyright infringement. Pocket FM has filed a civil suit against Mebigo Labs, Kuku FM’s parent company. They are claiming repeated intellectual property infringement. Pocket FM seeks damages of Rs 85.7 crore. Pocket FM alleges Kuku FM copied…

India is exploring alternatives to lithium-ion batteries for energy storage. Experts at India Energy Storage Week 2025 emphasized the need for diverse battery technologies. Vanadium Redox Flow Batteries and sodium-ion batteries are promising options. CO2-based CEAS storage and zinc-air battery technology are also under consideration. Thermo-mechanical systems like Liquid Air Energy Storage offer innovative solutions.

GACM Technology’s board has greenlit a proposal to raise up to Rs 200 crore through a qualified institutional placement. The funds will be raised in one or more tranches, subject to necessary approvals. Additionally, the board finalized a share swap agreement and recently signed an agreement to acquire a 30 per cent equity stake in…

Samsung is contemplating expanding its US-bound smartphone production from India due to potential US tariffs, mirroring Apple’s strategy. Amidst trade policy uncertainties under President Trump, Samsung is evaluating tariff differentials and considering shifting some production from Vietnam to India.

The fund, launched in August 2024 with Sebi’s approval to raise up to Rs 600 crore, focuses on early-stage startups in aviation and related sectors, targeting pre-Series A to Series B stages.

The US tech giant held a July 7-8 workshop with critics to address EU antitrust charges of unfairly favouring its own services such as Google Shopping, Google Hotels and Google Flights over competitors.

During the press conference on Prime Minister Narendra Modi’s visit, Dammu Ravi, Secretary (East) noted that Namibia has become the first country in the world where the National Payment Corporation of India (NPCI) and the Namibian Central Bank have entered into a licencing agreement for the usage of UPI in Namibia in real-time payments.