December 9, 2025

CBI Files Loan Fraud Cases Against Reliance ADA Group Firms, Including Jai Anmol Ambani

CBI launches separate cases against Reliance Home Finance and Reliance Commercial Finance for loan frauds totaling ₹14,852 crore. Jai Anmol Ambani named among accused. Searches conducted in Mumbai and Pune.

December 9, 2025

IndiGo Cuts 400-500 Flights After DGCA Orders Cuts, CEO Says Operations Stabilised

IndiGo will reduce daily flights from 2,300 to about 1,800-1,900 to ensure reliable schedules. This follows DGCA's 5% cut order amid pilot shortages and new night flight rules.

December 9, 2025

CBI Books Jai Anmol Ambani, Reliance Home Finance in ₹228 Crore Union Bank Fraud Case

CBI has charged Jai Anmol Ambani and Reliance Home Finance Ltd for cheating Union Bank of India in a ₹228 crore loan fraud. The case involves misuse of funds and failure to repay loans leading to a non-performing asset.

December 9, 2025

China’s Trade Surplus Tops $1 Trillion Despite US Export Drop

China’s trade surplus has soared beyond $1 trillion in the first 11 months of 2025. Exports to the US fell sharply, but overall exports rose, showing China’s strong hold on global trade, even amid ongoing trade tensions.

December 8, 2025

Karnataka Faces ₹15,000 Crore GST Loss, Explores Land Monetisation and Licence Auctions

Karnataka is losing ₹15,000 crore annually in GST revenue after rate changes. The government plans land sales and liquor licence auctions but fears low returns. Borrowing is rising as revenue growth slows. Big projects and flagship schemes add pressure on the state’s finances.