New Delhi: Even as the updated Employees’ Provident Funds Scheme, 2026 comes into effect, a Right to Information (RTI) query to the Employees’ Provident Fund Organization (EPFO) has shown that almost 30.91 lakh accounts remain inoperative, holding almost ₹9,330 crore in unclaimed funds. Even though the new PF rules are aimed at easing rules, the unclaimed deposits show how much the government still has to do to boost income security. The response shared by the EPFO hasn’t been forthcoming about the problem, as the data shared was only for 2025 and 2026. The organization had set up its Inoperative Accounts…
Author: Abizar Attari
Abizar Attari
Abizar has been writing before AI started to take over your lives! His expertise lies in analysing diverse perspectives and simplifying them for laymen. Beyond writing, storytelling and editing, he enjoys running, learning and enjoying the outdoors.
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Noida, UP: India’s leading IT major HCL Technologies’ shares have jumped more than 5% in early morning trades on July 3 following reports of a $1.14 billion AI transformation deal signed with an unnamed Fortune Global 50 enterprise. For HCL Tech, this remains a strong comeback as its shares have fallen almost 33% in the last one year, with the markets responding positively to the news. The deal involves constructing, deploying, and maintaining an enterprise-wide AI framework for the client, with the contract commencing in July 2026 and running until December 2031, with an option to extend for an additional…
New Delhi: Following its highly successful IPO in March this year, manpower and security solutions provider Innovision Limited has reported a robust 25% year-on-year (YoY) increase in its net profit to ₹36.35 crore for FY26 from ₹29.17 crore reported a year ago. This growth has come at a time when the company is charting an aggressive multi year growth roadmap, as it looks to strengthen its core manpower and security services business while expanding its emerging toll management and drone management services. Growth Drivers For the Gurgaon-based company, this growth has come after sustained efforts to boost operational efficiencies across…
Mumbai: After Gautam Adani-led Adani Group operationalised its copper smelter plant in Gujarat, the group is now aiming to venture further into metals with a proposed $11.5 billion aluminium mega plant in Odisha. According to widely publicised reports, Adani has joined forces with Abu Dhabi-based venture capital major International Holding Company (IHC) to execute the project. As per the plan, the Adani Group aims to set up an integrated plant including both smelting and refining operations, along with a captive power plant to support the high energy requirements for aluminium production. Adani’s Dhamra port would be used to arrange logistics…
Mumbai: Pharma major Glenmark Pharmaceuticals, through its wholly owned subsidiary Glenmark Speciality SA, has received the approval of the Drugs Controller General of India (DCGI) to initiate patient enrollment for the Phase 3 clinical trials for Trastuzumab rezetecan a drug aimed to treat Platinum-Resistant Ovarian Cancer. The drug, being developed by China-based Jiangsu Hengrui Pharmaceuticals Co., Ltd aims to treat the disease where treatment options are currently limited, with existing diagnoses remaining inefficient. Ovarian cancer remains the third most prevalent cancer in India, with about 15-20% of the cases involving platinum resistance, according to a report published in the Journal…
Mumbai: German banking major Deutsche Bank will be selling its Indian retail operations to Kotak Mahindra Bank as the company looks to focus on its core competencies, under the Bank’s ‘Hausbank’ strategy. Under the deal, Kotak Mahindra Bank will acquire Deutsche Bank’s 1,000 employees, 1.5 lakh customers and will add about Rs.29,000 in loans, Rs.16,000 crore in deposits and Rs.10,500 crore in Assets Under Management (AUM). “This transaction marks an important step in sharpening Deutsche Bank’s portfolio and focusing on areas where we have scale, strength, and the ability to deliver sustained returns. India’s growing integration into the global economy…
New Delhi: JSW MG Motor India, the Joint Venture EV car player set up by JSW Group and China’s SAIC is expected to see a modification in its share capital even as the company witnesses a surge in demand for its EVs. The company, now valued at about $3 billion, is seeing renewed interest in investments, as the Sajjan Jindal-led JSW Group looks to expand the MG Motor brand in India. According to a report by the Economic Times, KKR is looking to invest $400 million in the company, as the US-based investor is looking to tap into India’s fast-growing…
New Delhi: In a major regulatory crackdown, the Securities and Exchange Board of India (SEBI) has issued an ex parte interim order barring Darjeeling Industries Limited (DIL)’s Managing Director Ashok Dilipkumar Jain and nine other connected entities from trading in the securities market. In a 62-page order, the SEBI has detailed the accused sophisticated scheme of stock manipulation, circular funding networks and the diversion of preferential issue proceeds into shell companies and unrelated retail businesses. According to SEBI, the manipulation began shortly after Ashok Jain assumed the role of director in October 2024. The company quickly approved a massive preferential…
This Doctor’s Day, we spoke to leading doctors across disciplines to understand the challenges they face with their patients on a daily basis. For those who spend their lives taking care of the sick, we wanted to know their main pet peeves, and what they wish people did so they could be healed faster, quicker, and more efficiently. Dr. Hina Patel Desai, DNB (Ped) DCH, Allergy practitioner (AASC) I need to get into smaller and sometimes trivial details from patients while taking history for good diagnosis, and that makes me realise, patient’s perspective is far more important than what it…
Bengaluru: Bhavish Agarwal-led Ola Electric has officially released its vehicle registration numbers for the first quarter of the financial year 2026, where it has nearly doubled its vehicle registrations from 22,252 last year to 43,719 this time. The company claims this has come after continued improvement in retail execution, product availability and sustained demand. For the month of June, the company has sold 16,144 units, a 20% decline from the 20,190 units it sold in June last year. “Q1 FY26 marks a significant milestone in our growth journey, with registrations doubling sequentially and June registering 16,144 vehicles – our strongest…
