Rupee rises 16 paise to settle at 85
Rupee gains against dollar amid volatile markets, higher oil prices; RBI MPC to announce policy outcome on June 6. Source
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Panasonic downsizes India operations: Japanese firm to exit washing machines,
India Business News: Panasonic Holdings is exiting India’s refrigerator and washing machine sectors due to intense competition and low market share, impacting its consumer Source
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Supreme Court orders West Bengal to pay 25% DA to
A bench comprising Justices Sanjay Karol and Sandeep Mehta issued the interim order on Friday (May 16). Source
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EPFO new rule allows provident fund transfers despite overlapping employment
EPFO stresses that genuine overlaps are no longer valid grounds for rejection. Providing complete documents can help speed up transfers. Source
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Pahalgam Terror Attack: Anantnag Police offer ₹20 lakh reward for information
Pahalgam Terror Attack: The three men, all Pakistanis, have been identified as Adil Hussain Thoker, Hashim Musa alias Suleiman and Ali Bhai alias Talha Bhai, the police added. Source
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RBI rate cuts to impact key profitability indicator of banks:
Crisil ratings said the return on assets (RoA) will contract by 0.10-0.20% to 1.1-1.2% in FY26 from an over-two-decade high of 1.3% in FY25. Source
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Thackeray Reunion: An Alliance With Benefits For Uddhav & Raj
Maharashtra speculates a potential Uddhav-Raj Thackeray alliance. Raj is willing, but Uddhav has conditions. Will they reconcile? Source
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Lab-grown diamond brand Jewelbox secures $3
Jewelbox, a brand that’s redefining luxury jewellery in India through sustainability and innovation. Jewelbox has recently secured $3.2 million in a pre-Series A round led by V3 Ventures. The round also saw participation from several prominent investors, including Atrium Angels, Dexter Ventures, and JIIF. With revenues growing fourfold year-over-year and a bold plan to scale…
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Thyrocare Technologies Q4 profit rises 22%; board declares ₹21 final
Thyrocare Technologies posted a 22% year-on-year rise in Q4 net profit, driven by improved operational performance and a 70% jump in EBITDA. Source
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Apple’s AirPlay Supported Devices Face Major Hacking Risk: Why You
AirPlay is an easy way to play music or show photos wirelessly but now hackers will be preying on easy victims because of the issues. Source
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