Former Gameskraft CFO accused of diverting Rs 270 cr into F&O trades

BENGALURU: Gameskraft Technologies accused its former group chief financial officer, Ramesh Prabhu, of diverting company funds into unauthorised futures and options trading, causing losses he estimated at more than Rs 250 crore. Following a fact-finding review, the company wrote off Rs 270.4 crore in its accounts for the 2024-25 financial year. The allegations form part […]

Economy

Draft Drone Bill 2025 mandates registration, safety features, and insurance for operators

The Bill retains the Digital Sky zoning system, classifying airspace into green, yellow, and red zones. Flying in green zones will be permitted freely, while yellow zones require ATC clearance. | Photo Credit: PTI The Centre’s draft ‘Civil Drone (Promotion and Regulation) Bill, 2025’, has proposed provisions such as mandatory registration, safety and security features, […]

No longer ‘uninvestable’! Shanghai index hits decade high; foreign investors eye China’s stock markets again as AI, tariff truce boost confidence

After years of scepticism and branding Chinese stock markets as “uninvestable”, foreign investors are once again turning their attention to Chinese equities, betting on the country’s resilience in artificial intelligence, semiconductors and biotech as well as a growing need for diversification beyond US assets.Progress in China’s AI adoption, its push in semiconductors, and breakthroughs in […]

Economy

DreamFolks exits domestic airport lounge access as operators deal directly with banks

DreamFolks Services Ltd., India’s largest airport services aggregator, has stopped offering domestic airport lounge access to customers, effective Monday. Travel and lifestyle aggregator DreamFolks will not provide domestic airport lounge access to its customers, the company said in a stock exchange notification on Monday. The service has been discontinued, effective Monday, which will have a […]

Top 25 Nifty50 stocks: Eternal overtakes Tata Motors and Titan in market cap; nears HAL and NTPC

Eternal, formerly known as Zomato, has climbed further up the market-cap rankings, surpassing Tata Motors and Titan to reach a valuation of Rs 3.13 lakh crore. The company’s market capitalisation now stands above Tata Motors’ Rs 2.64 lakh crore and Titan’s Rs 3.12 lakh crore, putting it just short of Hindustan Aeronautics Ltd (HAL), which […]

Tomas Lindberg cause of death: At the Gates frontman dies at 52

Tomas Lindberg, the powerful voice behind Swedish death metal band At the Gates, has died at 52. The band confirmed his death on Tuesday, September 16, sharing on Instagram that Lindberg passed away after “complications” tied to cancer. Tomas Lindberg has died at 52 after cancer complications.(Instagram/atthegates_official) “Tomas passed away this morning following complications related […]

Economy

SpiceJet to expand network, eyes Vietnam market

Budget airline SpiceJet is eyeing network expansion to Vietnam, as well as destinations in the Middle East, on the back of new leased aircraft induction. Speaking to businessline, sources said that the airline has approached the regulator for permission to start new domestic as well as international flights from the winter schedule. “While most of […]

GST reforms: No input tax credit on commission for individual health, life insurance policies from Sep 22; insurers to bear cost

Insurers will no longer be able to claim input tax credit (ITC) on Goods and Services Tax (GST) paid on commissions and brokerage for individual health and life insurance policies from September 22, the Central Board of Indirect Taxes and Customs (CBIC) clarified on Tuesday. The move comes ahead of the implementation of the new […]