Category: Business

Finance Minister Nirmala Sitharaman. File. | Photo Credit: Bijoy Ghosh Finance Minister Nirmala Sitharaman on Wednesday (September 17) said that the GST reforms will bring ₹2 lakh crore into the hands of the common man. Addressing a gathering in Visakhapatnam, Ms. Sitharaman…

IPO-bound electric scooter maker Simple Energy on Tuesday (September 16, 2025) said it has started commercially manufacturing the country’s first rare earth free motors at its Hosur, Tamil Nadu production facility. With this move, Simple Energy strengthens its ‘Built in India, for…

The last date for filing ITRs by individuals, Hindu Undivided Families (HUFs) and those who do not have to get their accounts audited was earlier extended from July 31, 2025 to September 15, 2025. | Photo Credit: Getty Images/iStockphoto The Government on…

The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.07% to 97.61. File | Photo Credit: The Hindu The rupee witnessed range-bound trading in morning deals on Monday (September 15, 2025) and depreciated 4 paise to…

U.S. Secretary of Commerce Howard Lutnick. File. | Photo Credit: Reuters India brags about having 1.4 billion people but won’t buy even a small amount of American corn, United States Commerce Secretary Howard Lutnick has said, asserting that New Delhi must bring…

Chennai-based Unico Housing Finance Private Limited has raised ₹120 crore (approximately $13 million) from Anicut Capital and UC Impower for its growth plans and expanding its footprint in underserved geographies. Following this infusion, Unico’s net worth will cross ₹210 crore, providing a…

“An increase in headline inflation and food inflation during the month of August, 2025 is mainly attributed to an increase in inflation of vegetables, meat and fish, oil and fats, personal care and effects, and eggs,” the National Statistics Office said. Representational…

Infosys Ltd., Bengaluru-based tech services and digital transformation firm, has announced its biggest-ever share buyback of ₹18,000 crore at a 19% premium, as per a regulatory filing it made in the late evening on Thursday. The company would buyback about 10 crore…

He previously held executive roles at Microsoft, eBay and Google [File] | Photo Credit: REUTERS Paramount said on Wednesday that Meta executive Dane Glasgow will join the media company as its chief product officer. In his new role, Glasgow will oversee the…

Union Minister of Commerce and Industry Piyush Goyal. File | Photo Credit: PTI Commerce and Industry Minister Piyush Goyal on Wednesday (September 10, 2025) said that India is in ‘active dialogue’ with the United States for a free trade agreement. The Minister…

The draft red herring prospectus (DRHP) filed by Edtech company Physicswallah, which looks to raise ₹3,820 crore via an initial public offering (IPO), has thrown up multiple concerns ranging from unsecured loans to subsidiaries to disgruntlement among students. The company’s listing document…

Representative image | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty began the trade on an optimistic note on Tuesday (September 9, 2025) in tandem with a rally in global markets amid hopes of a US Fed rate cut later this…

Gold prices on Monday (September 8, 2025) retreated from record levels to trade at ₹1,07,670 per 10 grams, down by ₹200, in the national capital due to fresh selling by stockists, according to the All India Sarafa Association. The precious metal of…

Union Finance Minister Nirmala Sitharaman during an interview with PTI, in New Delhi, on September 7, 2025. | Photo Credit: PTI Finance Minister Nirmala Sitharaman has expressed confidence that revenue buoyancy driven by spurt in consumption will take care of the estimated…

The story so far: On September 3, the GST Council authorised a new paradigm in the indirect tax regime. There will be fewer rates, and the Goods and Services Tax (GST) on most items have been reduced. While this has been welcomed…

In a gesture underscoring the spirit of cooperative federalism, Union Finance Minister Nirmala Sitharaman has written to Finance Ministers of all States, expressing gratitude for their support and active role in helping implement the landmark overhaul of the goods and services tax…

The rationalisation of tax rates on construction material by the GST Council is expected to provide the real estate sector some relief but since the rates applicable on property remain unchanged, there would be stability in taxation, Crisil Intelligence said in a…

Image for representational purposes only. | Photo Credit: istock/imacoconut The GST Council’s recommendation to reduce the taxation rate on renewable energy devices, relating to solar, wind and biogas, and on parts required to manufacture them, from 12% to 5% has been welcomed by…

Prime Minister Narendra Modi and his Singapore counterpart Lawrence Wong on Thursday virtually inaugurated Bharat Mumbai Container Terminal Phase-2 (PSA Mumbai Phase-2) developed by Singapore’s SPA International at the Jawaharlal Nehru Port Authority (JNPA) in Navi Mumbai. PSA Mumbai is now poised to become India’s…

Image for representation only | Photo Credit: Getty Images/iStock The Maharashtra cabinet on Wednesday (September 4, 2025) gave its approval to amend laws that will allow increasing the maximum daily working hours for private sector employees from the present nine to 10…

Highlighting the devastating impact of the Pahalgam terror attack on the economy of Jammu and Kashmir, Chief Minister Omar Abdullah on Wednesday (September 3, 2025) sought the Centre’s support to deal with the situation. The Union Territory (UT) was facing a…

An airplane of Turkish Airlines. | Photo Credit: AFP The story so far: IndiGo received a third extension from the Directorate General of Civil Aviation (DGCA) to lease two Boeing 777-300ER aircraft and crew from Turkish Airlines, after previously facing a directive…

India on Tuesday (September 2, 2025) sought consultations with the U.S. under the World Trade Organisation’s (WTO) safeguard agreement over 50% tariffs imposed on certain copper products by America. This move comes after India reserved the right to impose retaliatory duties on…

Nestle CEO Laurent Freixe (left) and Nestle chairman Paul Bulcke (right) attend a general shareholders meeting of Swiss food giant Nestle in Ecublens, near Lausanne, on April 16, 2025. | Photo Credit: AFP Swiss food giant Nestle on Monday (September 1, 2025)…

The Tamil Nadu government signed an  MoU with ebm-papst for the expansion of the company’s global capability centre and manufacturing base in the State. | Photo Credit: Special Arrangement The Tamil Nadu government on Monday inked some memoranda of understanding (MoUs) in Germany,…

Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto Many appear to be interested in buying government bonds. You can buy such bonds by placing bids through your brokerage account. The intention to invest in such bonds is not surprising, given…

How did the Income Tax Department complete the “mammoth” task of rationalising and simplifying the huge Income Tax Act 1961 in just about six months, and then implementing the Select Committee’s voluminous suggestions in just one month? By cramming in 75,000 man-hours…

Indian businesses are in a “cosy comfort zone” created by the presence of a 1.4 billion-person domestic market, and need to find opportunities globally, Union Commerce Minister Piyush Goyal said on Saturday (August 30, 2025). In the comments that come amid deep…

Hardeep Singh Brar, President and CEO, BMW Group India. | Photo Credit: Special Arrangement With the Goods & Services Tax (GST) Council scheduled to meet early next week to deliberate on rationalisation of the tax structure, German carmaker BMW India has urged…

The agency initiated its probe based on a case registered by the Central Bureau of Investigation, alleging bank loan fraud by the company through its directors, promoters, employees and others. File | Photo Credit: Reuters The Enforcement Directorate (ED) has moved a…

  At a time when the Trump tarriffs have raised concerns, Australian Trade Minister Don Farrell said Australia does not support tariffs and the country had already asked the U.S. Government to remove the 10% tariff imposed on Australia. Expressing confidence about…

India’s high-end buyers aren’t evenly distributed as analyst estimates points out that Mumbai, Delhi NCR, Bengaluru, Pune, and Hyderabad make up nearly 30% of premium smartphone sales [File] | Photo Credit: Haider Ali Khan Apple is deepening its retail presence in India…

Overall automobile sales have declined by more than 8% year on year in the 13 days between August 16 and 28, 2025 as a segment of buyers are seen postponing their purchase decisions anticipating a steep cut in goods and services tax…

The immediate impact of recent U.S. tariffs on Indian exports may appear limited, but their secondary and tertiary effects on the economy pose challenges that must be addressed, the Finance Ministry said in a report on Wednesday (August 27, 2025) amid the…

Image for representational purposes only. Source: Special Arrangement. No “serious challenges” have been detected in E10-compliant vehicles of Renault India plying on roads and utilising the E20 fuel, the car maker informed on Wednesday (August 27, 2025).   Seeking to allay concerns about…

The trading academy acknowledged “SEBI’s pivotal role in shaping India’s capital markets” and claimed to have trained over 62,000 students across 51 countries and all 35 Indian states/UTs. File | Photo: Reuters & X/@AvadhutsatheTA Days after a top Securities & Exchange Board…

Representational file image. | Photo Credit: Reuters Arunachal Pradesh is set to get a city gas distribution network with Bharat Petroleum Corp Ltd (BPCL) and Oil India Ltd (OIL) signing an agreement on Tuesday (August 26, 2025) to set up a joint…

File. | Photo Credit: Reuters Global travel tech firm OYO plans to file its Draft Red Herring Prospectus (DRHP) in November, eyeing a $7-8 billion valuation for its IPO, sources said. The company is expected to approach its board with the proposal…

BYJU’S owner Byju Raveendran. File. | Photo Credit: Reuters The Qatar Investment Authority (QIA), through its subsidiary Qatar Holding LLC, has stepped up its legal battle against Byju Raveendran and his investment arm Byju’s Investments Pte. Ltd. (BIPL) by moving the Karnataka…

Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto Service providers flood us with marketing material, and the real information or transactional messages are easily missed. Zone-based premium One such communication was an email from the insurer with whom I have…

Kyoto life, which refers to the lifestyle and experiences of living in the Japanese city of Kyoto, has been adopted by a residential project called Puraniks Mirai on Ghodbunder Road in Thane near Mumbai. Kyoto is a city known for its rich history,…

Finance Minister Nirmala Sitharaman chairs a meeting of Group of Ministers (GoMs) constituted by the GST Council on Compensation Cess, Health and Life Insurance, and Rate Rationalisation at Vigyan Bhawan, in New Delhi. File. Photo: X/@FinMinIndia via PTI The story so far:…

The Central Consumer Protection Authority (CCPA) has imposed ₹3 lakh fine on VLCC Ltd for publishing misleading advertisements related to slimming treatments. In a statement on Saturday (August 23, 2025), the Department of Consumer Affairs said the penalty has been imposed on…

Linktree, a popular ‘link in bio’ service used by a variety of influencers, businesses, public figures and political parties, has been unblocked in India, the firm’s co-founder and chief executive officer Alex Zaccaria told The Hindu on Friday.  “We did experience a…

Some of the top mobile gaming apps have suspended real-money games after parliament passed a ban on Thursday (August 22, 2025), threatening the future of a sector once projected to hit $3.6 billion by 2029. The sudden ban on online real-money games,…

Analysis by MUFG indicates that a sustained 50% tariff could cut India’s GDP growth by 1 percentage point over time, with the biggest hit to employment-sensitive sectors such as textiles. | Photo Credit: Getty Images/istockphoto Indian companies have seen the steepest earnings…

EY India. File | Photo Credit: Reuters The targeted import tariffs by the U.S. and the recent tax policy changes enacted through that country’s ‘One Big Beautiful Bill’ will mean Indian companies investing abroad would need to consider a “strategic pivot” and…

Mazen Rawashdeh, SVP & Chief Technology Officer, eBay. Photo: Special Arrangement The quality and diversity of talent in Bengaluru prompted the American e-commerce company eBay to choose the city over Hyderabad to set up its first Global Capability Centre (GCC) in India, said…

Terms of Reference (ToR) signed amid pressure from the U.S to reduce its economic ties with Russia. File | Photo Credit: Getty Images/iStockphoto India and the Eurasian Economic Union (EAEU), comprising Russia, Armenia, Belarus, Kazakhstan, and the Kyrgyz Republic, on Wednesday (August…

There is much to learn from one of India’s most successful experiments — the achievement of food self-sufficiency in the 1960s and the scientist who made it possible

Representational file image. | Photo Credit: Reuters The Ministry of Finance has removed the 11% import duty on cotton till September 30. In a notification issued on August 18, the Ministry said the Customs Duty will not be levied from August 19…

The central government’s proposals to reform the Goods and Services Tax (GST) system are bold and timely. They stand to benefit the middle class and the business community, as the government claims. Shifting 99% of the items in the 12% slab to…

Sameer Hiremath, Vice Chairman and Managing Director of Hikal Limited “With the implementation of new policy frameworks, India’s pharmaceutical contract manufacturing industry is emerging as a key player on the global stage,” said Sameer Hiremath, Vice Chairman and Managing Director, Hikal Ltd.…

Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto As investors, we typically want to earn above-average returns. That, perhaps, explains why most of us invest in active funds — funds mandated to beat the benchmark index (generate alpha). But choosing…

SPIC Chairman Ashwin Muthiah  Southern Petrochemical Industries Corporation Ltd reported a consolidated net profit after tax of ₹66.71 crore for the April-June 2025 quarter, aided by operational efficiency and lower input costs, the company said on Sunday (August 17, 2025). The city-based…

Shipments of engineering, textile, and apparel goods, which have a large number of MSME exporters, registered growth in July compared with the year-earlier month. Textiles exports registered 5.84% year-on-year growth in July, while apparel exports climbed 4.75%. Cumulative exports of textiles and…

 Markus Helfrich | Photo Credit: Special Arrangement Samsung Electronics-owned HARMAN Automotive’s SVP, HR, Markus Helfrich said the broader environment comprising geopolitics, supply-chain issues, semi-conductor shortage, has heavily impacted the global automotive industry. However, ‘‘These challenges have definitely made the industry more cautious, more…

On August 11, 2025, the central government implored India’s seafood industry, that provides livelihoods to about 28 million people, to “bravely face” the U.S.’s tariffs of 25% that kicked in on August 7, 2025 and which could be raised to 50% on…

India’s purchase of Russian oil has risen to 2 million barrels per day (bpd) in August, as refiners continue to prioritise economic considerations in their sourcing decisions. As much as 38% out of an estimated 5.2 million barrels per day of crude…

78 Years of Freedom The Narendra Modi government’s quest to bolster the domestic manufacturing sector is not the first time a government has tried this. In fact, the manufacturing sector has been the focus of government policy — in one way or…

This file image is used for representational purposes only. | Photo Credit: AP Rupee pared initial gains and settled for the day on a negative note, lower by 10 paise at 87.57 (provisional) against the U.S. dollar on Thursday (August 14, 2025),…

Representational file image. | Photo Credit: Reuters Bharat Petroleum Corporation Ltd (BPCL) on Wednesday reported more than doubling of its first quarter net profit, as marketing margins surged because of holding retail prices despite a drop in input oil cost. Its consolidated…

Chief Economic Advisor V. Anantha Nageswaran on Wednesday (August 13, 2025) said U.S. tariffs-related challenges will dissipate in the next one or two quarters, and urged the private sector to do more as the country navigates through other longer-term challenges. He attributed…

The Indian National Space Promotion and Authorisation Centre (IN-SPACe) on Tuesday announced the selection of the PixxelSpace India-led consortium to design, build, and operate India’s first fully indigenous commercial earth observation (EO) satellite constellation under the public-private partnership (PPP) model. The Bengaluru-based…

Representative image | Photo Credit: Reuters The rupee consolidated in a narrow range to settle just 3 paise higher at 87.72 (provisional) against the U.S. dollar on Tuesday (August 12, 2025) amid a negative trend in domestic equities. Forex traders said the…

This file image is used for representational purposes only. | Photo Credit: AP The rupee traded in a tight range and fell 5 paise to 87.63 against the U.S. dollar, with depreciation pressures still lingering amid persistent trade uncertainty and a firm…

U.S. President Donald Trump on Thursday (August 7, 2025) demanded the immediate resignation of new Intel CEO Lip-Bu Tan, calling him “highly conflicted” due to his ties to Chinese firms and raising questions about plans to turn around the struggling American chip…

According to forex experts, amid rising tensions with the U.S. and economic concerns, the rupee remained vulnerable and could see further downside as uncertainty continues to mount. File | Photo Credit: The Hindu The rupee traded in a narrow range and appreciated…

Shriram Life Insurance Company reported a 21% year-on-year increase in individual New Business Premium (NBP) for the quarter ended June to ₹257 crore from ₹212 crore a year earlier. The increase was driven by a broader distribution footprint, higher average ticket size…

The production process that Intel hoped would pave the way to winning manufacturing deals and restore its edge in churning out high-end, high-margin chips is facing a big hurdle on quality as it puts newer technologies to the test, two people briefed…

Gland Pharma reported consolidated net profit rose nearly 50% for the June quarter to ₹215.5 crore from the ₹143.8 crore a year earlier as revenue from all but the key U.S. market increased. The higher net profit came on a more than…

Tesla shares rose 2.4% Monday in early trading [File] | Photo Credit: REUTERS Tesla announced an “interim” compensation award worth about $29 billion for Elon Musk on Monday, asserting the need to retain the controversial CEO at a moment of fierce competition…

Green logistics operator GreenLine Mobility Solutions Ltd., an Essar Group venture, has announced to invest ₹400 crore to deploy 100 Electric Trucks, for inter-unit concentrate movement between Hindustan Zinc Ltd.’s (HZL) mines and smelters, and adding 100 new LNG trucks in HZL’s fleet,…

Managing wealth becomes relatively easy if you design a process to choose equity investments. Here, we discuss a pecking order for choosing equity investments based on the argument asset allocation is the most important step in the investment process. Top-down process The…

India’s annual oil import bill could rise by $9-11 billion if the country is compelled to move away from Russian crude in response to U.S. threats of additional tariffs or penalties on Indian exports, analysts said. India, the world’s third-largest oil consumer…

Union Minister Nitin Gadkari addressing at a programme in Mangalagiri on August 2, 2025. | Photo Credit: Special arrangement Union Minister of Road Transport & Highways Nitin Gadkari on Saturday (August 2, 2025) expressed confidence that India’s cost of logistics would come…

The Central Electricity Regulatory Commission’s (CERC) proposed implementation of market coupling in Day Ahead Market (DAM) segment of power exchanges from January 2026 may have little benefit for the power sector and is contrary to the findings of the pilot study conducted…

If gains hold, Reddit is set to add more than $4 billion to its market cap [File] | Photo Credit: REUTERS Reddit’s shares surged 15% on Friday after it reported quarterly results that exceeded Street expectations, boosting investor confidence in the platform’s…

Area under sugarcane for the sugar marketing season that will commence on October 1, 2025 is estimated to be 57.24 lakh hectare in late June 2025 compared with 57.11 lakh hectare last season. The Indian Sugar and Bio-energy Manufacturers Association (ISMA) said…

Tech giants Amazon, Apple, Meta and Microsoft this week eclipsed earnings expectations, cashing in on artificial intelligence (AI) while navigating economic waters roiled by U.S. tariffs. “Massive results seen by Microsoft and Meta further validate the use cases and unprecedented spending trajectory…

Gautam Adani | Photo Credit: ANI Adani Enterprises Ltd., the holding company of the Adani Group, for the first quarter ended June 30, 2025 reported 50% decline in consolidated net profit at ₹734 crore as compared with ₹1,458 crore a year earlier.…

If you read the typical 2025 mass layoff notice from a tech industry CEO, you might think that artificial intelligence cost workers their jobs. The reality is more complicated, with companies trying to signal to Wall Street that they’re making themselves more…

Alexander Rinke, co-founder and co-CEO, Celonis. | Photo Credit: Special Arrangement Celonis, a Munich-based process mining and process intelligence firm that offers realistic business contexts to customers with the help of digital twins, says it is bullish on India’s growing global capability…

Microsoft is set to report June-quarter earnings on Wednesday, with its relationship with OpenAI in the spotlight [File] | Photo Credit: REUTERS Microsoft is in advanced talks for a deal that would give the Windows maker continued access to critical OpenAI technology…

Representative image. | Photo Credit: Getty Images/iStockphoto Johnson Lifts Ltd, manufacturers of elevators and escalators, will be upgrading its Research and Development (R&D) unit with an investment of ₹250 crore to develop and test lifts with speeds exceeding 4 meters per second.…

European Commission President Ursula von der Leyen sits with U.S. President Donald Trump, after the announcement of a trade deal between the U.S. and EU. File | Photo Credit: Reuters The dollar gained against major currencies, including the euro and yen, on…

The company, which has deployed hundreds of AI agents across campuses, said it was continuing to hire talent with AI agents working side by side with humans to enhance efficiency and ensure quicker delivery to clients. | Photo Credit: HECTOR RETAMAL At…

President Donald Trump and European Commission President Ursula von der Leyen have announced a sweeping trade deal that imposes 15% tariffs on most European goods, warding off Mr. Trump’s threat of a 30% rate if no deal had been reached by August…

IT services provider Tata Consultancy Services will reduce its workforce by 2% in its 2026 financial year, primarily affecting middle and senior management, the company said on Sunday, July 27, 2025. | Photo Credit: Reuters IT services provider Tata Consultancy Services will…

The story so far:India and the U.K. signed a Comprehensive Economic and Trade Agreement (CETA) on Thursday, after having announced the conclusion of negotiations on the deal in May this year. With negotiations starting in January 2022, the deal marks a more…

Kotak Mahindra Bank Ltd. for the first quarter ended June 30, 2025 reported a 7% decline in standalone net profit to ₹3,282 crore from ₹3,520 crore in the year-ago period excluding gain of Kotak General Insurance (KGI) divestment. Net Interest Income (NII) for…

The U.K. -India Free Trade Agreement (FTA) provisions on patents tilt the balance in favour of the patent owner and undermines the access to medicines, said experts on Friday at a discussion on the agreement’s implication for access to medicines. Expressing their…

The Central Government has nominated Ms. Anuradha Thakur, Secretary, Department of Economic Affairs, Ministry of Finance, Government of India as a Director on the Central Board of Reserve Bank of India in the place of Ajay Seth who has been appointed as…

Tech companies looking to sell their artificial intelligence technology to the federal government must now contend with a new regulatory hurdle: proving their chatbots aren’t “woke.” U.S. President Donald Trump’s sweeping new plan to counter China in achieving “global dominance” in AI…

The aerospace business of Godrej Enterprises Group said it has received an order from Pratt & Whitney to manufacture complex aerospace parts for aircraft engine applications. The contract will significantly expand the company’s offerings in aircraft engine applications, both in terms of…

U.S. President Donald Trump unveiled an aggressive, low-regulation strategy on Wednesday to boost big tech’s race to stay ahead of China on artificial intelligence and cement U.S. dominance in the fast-expanding field. Mr. Trump’s 25-page “America’s AI Action Plan” outlines three aims:…

French carmaker Renault India on Wednesday introduced the All-New Renault Triber, a 7-seater car priced starting ₹6,29,995 (ex-Showroom). The top most model is priced at ₹9.16 lakh.   This new generation family car has debuted with a completely redesigned front fascia and is…

“Cognizant was not duped by any elaborate ploy or sophisticated hacking techniques,” according to a copy of the lawsuit reviewed by Reuters [File] | Photo Credit: REUTERS Bleach maker Clorox said Tuesday that it has sued information technology provider Cognizant over a…

The company said one of the factors contributing to the profitability was successful upgrade of the product mix, now including premium, higher-margin segments such as cosmetics, perfumery and alcohol.  | Photo Credit: Company website AGI Greenpac shares surged almost 15% on Tuesday…

File picture of Gita Gopinath, deputy managing director of the IMF. | Photo Credit: Reuters Gita Gopinath, the No. 2 official at the International Monetary Fund, will leave her post at the end of August to return to Harvard University, the IMF…

The Gross NPA ratio improved to 2.93% as against 3.87% as on June 30, 2024. Net NPA ratio also improved to 0.21% as against 0.23% a year ago. | Photo Credit: ADNAN ABIDI IDBI Bank Ltd. for the first quarter ended June 30, 2025 reported…

The number of asset management companies (AMC) have increased over the years. This makes it difficult for product differentiation in the equity space, as funds typically invest within the universe of 500 stocks comprising large-caps, mid-caps and small-caps. It is, therefore, not…

Image used for representative purpose only. | Photo Credit: Mohammed Yousuf The U.S., UAE, and China have emerged as the top three export destinations for India’s electronics sector during April-June quarter of 2025-26, according to the Commerce Ministry data. The Netherlands and…

IOC, BPCL see 255% hike in payouts to Centre, benefiting from 65% crash in crude rates. | Photo Credit: REUTERS Over the last five years, the Union government has nearly doubled the dividends it has received from public sector companies to ₹74,000…

The consolidated profit after tax of the bank increased by 15.9% YoY to ₹13,558 crore. | Photo Credit: FRANCIS MASCARENHAS ICICI Bank, India’s second-largest private sector bank, for the first quarter ended June 30, reported a 15.5% growth in net profit to…

Jio Financial Services Limited and Allianz form 50:50 reinsurance JV in India. File. | Photo Credit: Reuters Jio Financial Services Limited (JFSL) and Allianz Group (Allianz), through its wholly-owned subsidiary Allianz Europe B.V., have entered into a binding agreement to form a…

Electricity has been categorised as a high volatile commodity, thereby attracting a high initial margin requirement. This will discourage undue speculative activity. Additional margins may be imposed in times of heightened volatility, says SEBI Chairperson | Photo Credit: ANI Securities and Exchange…

China installed more wind turbines and solar panels in 2024 than every other nation combined. This statistic alone underlines how China has sped ahead in the global green energy race, cornering the entirety of the renewable supply chain due to firm control…

The directive comes in the context of a telescopic pricing structure for piped natural gas domestic consumers certain CGD entities are implementing in which the per standard cubic metre (SCM) price of the gas escalates as consumption goes past a predefined threshold. …

Shares of the country’s largest bank were trading at ₹831, up 1.74% over the previous close on the Bombay Stock Exchange. File | Photo Credit: Reuters Country’s largest bank State Bank of India (SBI), on Wednesday (July 16, 2025), said it will raise…

Hindustan Aeronautics Ltd.(HAL). | Photo Credit: K. Murali Kumar Ajay Kumar Shrivastava assumed charge as Director (Engineering and R&D) of Hindustan Aeronautics Limited (HAL) on July 15, the company said. Before this appointment, he held the position of Executive Director (Aircraft Research…

Representational image of an office of telecom gear maker Ericsson | Photo Credit: Reuters Indian telecom equipment manufacturers are growing concerned about the sops being handed out to foreign telecom equipment manufacturers as global firms set up domestic assembly to deepen access…

Representative image. | Photo Credit: Getty Images/iStockphoto The next few months is going to see a flurry of activity, with various teams of Indian negotiators actively seeking to sign new trade agreements with countries and regions such as the U.S. and European…

The U.S. Food and Drug Administration has issued a warning letter to Glenmark Pharmaceuticals for the company’s manufacturing facility in Indore, Madhya Pradesh. “The company does not believe that the warning letter will have an impact on disruption of supplies or…

Farmer harvesting Red Potato, especially harvested for McCain French Fries at Deesa farm in Ahmedabad, Gujarat. | Photo Credit: Vijay Soneji Gujarat recorded a total production of 48.59 lakh tonnes of potatoes in the 2024–25 season, which includes varieties cultivated for processing…

Investment is what you do with your savings. Spending is what you do to maintain current lifestyle. Then, there is discretionary spending, including spending on experiences and material goods. Here, we see why discretionary spending on some material goods can be just…

A view of the Indian Overseas Bank (IOB) headquarters on Anna Salai in Chennai. File | Photo Credit: S.R. Raghunathan In response to increasing demand and interest from entrepreneurs, banks headquartered in Tamil Nadu are now expanding their network by opening additional…

The story so far: A recent report by the World Bank has generated significant debate with regard to the true picture of inequality in the Indian economy. The report outlined a number of salutary outcomes; not only had extreme poverty reduced drastically,…

Arun Mammen, Chairman Automotive Tyre Manufacturers Association. Photo: Special Arrangement India’s Natural rubber (NR) consumption is projected to reach 20 lakh tonnes by 2030 and there is a need to accelerate domestic production, Arun Mammen, Chairman Automotive Tyre Manufacturers Association (ATMA), said.…

The story so far: India miner Vedanta Ltd.’s (VEDL) stock slumped nearly 8% on Wednesday (July 9, 2025) after Delaware-based Viceroy Research took a short on its UK-based parent Vedanta Resources (VRL)’s debt stack. In other words, wagering that the parent would…

Stock markets mostly retreated as Trump ramped up his trade war. File | Photo Credit: Reuters Global stock markets mostly retreated on Friday (July 11, 2025) as U.S. President Donald Trump ramped up his trade war, threatening a higher blanket tariff and a…

Image for representational purposes only. | Photo Credit: Reuters After Bengaluru, Amazon has begun its 10-minute delivery service, “Amazon Now”, in select Delhi pin codes, with the e-commerce giant saying on Thursday (July 10, 2025) that it is enthused with the early…

Eutelsat Group, which runs the OneWeb satellite internet constellation, will receive an additional investment from the U.K. government of €90 million (₹903 crore) as part of a fresh capital infusion in the entity, whose shareholders include the French government and Bharti Enterprises.…

Dr. Ranjan Pai, Chairman, Manipal Education and Medical Group. Manipal Hospitals on Wednesday (July 9, 2025) evening said it signed definitive agreements to acquire Pune-based Sahyadri Hospitals from Ontario Teachers’ Pension Plan (Ontario Teachers’) for around ₹6,000 crore. Ontario Teachers’ is a Canadian…

Image used for representational purposes. | Photo Credit: Getty Images/iStockPhoto Earth Intelligence will offer a $20 billion new revenue growth opportunity for Technology and service providers through 2030, forecasts Gartner on Wednesday (July 9, 2025). Earth intelligence indicates the application of AI…

Micro, Small and Medium Enterprises (MSMEs) have become instrumental in shaping India’s generating employment, creating revenue, and in global outreach. In 2024, MSMEs contributed nearly 30% to the GDP. The aim is to raise this to 35% in the current year. This…

TVS Industrial & Logistics Parks on Tuesday announced the listing of its InvIT TVS Infrastructure Trust on the National Stock Exchange, raising more than ₹1,300 crore. According to the company, TVS Infrastructure Investment Trust issued 2,000 crore units, out of which units…

U.S. stocks are losing ground in afternoon trading on Monday (July 7, 2025) as the Trump administration steps up pressure on trading partners to make deals before punishing tariffs imposed by the U.S. take effect. The S&P 500 was down 1.2% in…

Aiman Ezzat, CEO of Capgemini and Keshav R. Murugesh, CEO of WNS. Photo: Special Arrangement Capgemini, a French business and technology transformation player, and WNS, a business transformation and services firm, announced on Monday (July 7, 2025) that they have entered into…

Buying household supplies and lifestyle products at a discount improves emotional and financial wellbeing. Investments are different. Image by d3images on Freepik There is a fundamental difference between buying products for personal consumption and investment products. Yet, most prefer discounted prices for…

Representative image | Photo Credit: Getty Images/iStockphoto Foreign investors put in ₹14,590 crore in the country’s equity market in June, marking the third straight month of investment, supported by improving global liquidity conditions, easing geopolitical tensions, and a rate cut by the…

Ganesh Kalyanaraman, Managing Director India and North America, Version 1, After the U.S ‘tariff drama’, most global clients started talking to tech vendors and slowly opening up their purses now, observed Ganesh Kalyanaraman, Managing Director, India and North America, Version 1, an…

The Chinese city of Zhengzhou is home to the world’s largest iPhone manufacturing facility, operated by Foxconn [File] | Photo Credit: REUTERS Taiwan’s Foxconn, the world’s largest contract electronics maker, reported record second-quarter revenue on strong demand for artificial intelligence products but…

Union Minister of Commerce and Industry, Consumer Affairs and Food, and Public Distribution and Textiles, Piyush Goyal. File | Photo Credit: AP India does not enter into any trade agreement based on deadlines and will accept the proposed trade deal with the…

Representational file image. | Photo Credit: Reuters India’s forex reserves were up by $4.84 billion to $702.78 billion for the week ended June 27, the Reserve Bank of India said on Friday (Jukly 4, 2025). In the previous reporting week, the foreign…

Softbank-backed e-commerce firm Meesho. | Photo Credit: Reuters Softbank-backed e-commerce firm Meesho has filed a draft paper with the markets regulator SEBI through a confidential route, sources aware of the development said. The resolution to launch an IPO was passed in the…

Confederation of Indian Industry (CII) President Rajiv Memani. File. The shortage of rare earth materials due to China’s export ban of these materials is a bigger concern for the automobile sector in India than was earlier thought, with some companies already indicating…

India’s development cooperation with the Global South has been showing a rising trend for the last several years. India has made consistent efforts to expand the facets of these engagements and has also almost doubled the flow of quantum — from around…

Representative image | Photo Credit: PTI Benchmark indices Sensex and Nifty pared early gains to end lower on Wednesday (July 2, 2025), dragged down by selling pressure in HDFC Bank, L&T and Reliance Industries shares ahead of the impending U.S. tariff deadline.…

Automakers Maruti Suzuki and Hyundai Motor India reported a double-digit drop in vehicle dispatches in June amid a demand slowdown in the domestic market. Mahindra & Mahindra saw an increase in dispatches to dealers last month, while Tata Motors witnessed a…

Foreign Institutional Investors offloaded equities worth ₹831.50 crore on June 30, 2025, according to exchange data. File | Photo Credit: PTI Benchmark stock indices Sensex and Nifty closed higher in a range-bound trade on Tuesday (July 1, 2025) following gains in Reliance…

Lab-grown diamond jewellery company Aukera on Monday said it has raised $15 million in growth capital led by Peak XV Partners with follow-on participation from existing investors, including Fireside Ventures, Sparrow Capital, Prath Ventures and Alteria Capital. The investment will accelerate…

During the April-May period of FY26, industrial production grew by 1.8% compared to 5.7% a year ago. | Photo Credit: Getty Images/iStockphoto India’s industrial production growth slowed to a nine-month low of 1.2% in May 2025 due to poor performance of manufacturing,…

Image used for representational purposes. | Photo Credit: Getty Images/istockphoto You can invest in active funds, but decide to passively manage fund units. Or, you can invest in passive funds, but you can actively manage investments. Arguably, any investment decision you take…

Russian oil giant PJSC Rosneft Oil Company is in early talks with Reliance Industries for sale of its 49.13% stake in Nayara Energy, which operates a 20-million tonnes-a-year oil refinery and 6,750 petrol pumps in India, sources said. Reliance has held preliminary…

File photo of Meesho logo. | Photo Credit: Reuters SoftBank-backed Meesho has received shareholders’ approval to raise up to ₹4,250 crore through an initial public offering, according to the company’s regulatory filing. The resolution for IPO was passed in the Extraordinary…

In a fresh development concerning the Kalyani family property dispute, Mumbai-based Sugandha Hiremath has alleged that her brothers have been ‘clandestinely’ transferring family assets.  In her recent affidavit filed before the court, she has detailed two instances of her younger brother Gaurishankar…

An indictment in the U.S. alleged that the Adani Group raised $2 billion in loans and bonds on the backs of false and misleading statements related to the firm’s anti-bribery practices and policies, as well as reports of the bribery probe. File…

Foreign Institutional Investors bought equities worth ₹12,594.38 crore on June 26, 2025, according to exchange data. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty advanced for the fourth straight session on Friday (June 27, 2025), supported by buying in blue-chips…

John Cockerill Hydrogen said it has raised €116 million capital to support its strategic development.   In Europe, large-scale production of electrolyzers has started at the company’s plants in Aspach (France) and Seraing (Belgium) for leading European clients.  In India, John Cockerill Hydrogen…

Rallying for the third consecutive session, equity benchmark indices Sensex and Nifty surged over 1% on Thursday (June 26, 2025), powered by intense buying in market heavyweights HDFC Bank, Reliance Industries and ICICI Bank as geopolitical tension in the West Asia eased…

“The project will lead to the creation of world-class infrastructure and generate 15,000 jobs,” IT Minister Ashwini Vaishnaw said in a statement. File | Photo Credit: Sushil Kumar Verma The Union Government on Wednesday (June 25, 2025) announced that it had cleared…

(From left) Muhammed Hamdan, Co-founder & COO; Akhil Kongara, Co-founder and CTO; Gunjan, Co-founder & CEO of Sthyr Energy | Photo Credit: Special Arrangement Sthyr Energy, the energy storage startup incubated at the Indian Institute of Technology – Madras (IIT-M) has closed…

Congress General Secretary Jairam Ramesh. File | Photo Credit: Shiv Kumar Pushpakar The Congress on Tuesday (June 24, 2025) attacked the Centre over interest rates on savings accounts reportedly reaching the lowest level in 25 years, alleging that the Modi government has,…

Doug McMillon, Walmart global CEO and president. Photo: corporate.walmart.com Walmart global CEO and president Doug McMillon on Tuesday (June 24, 2025) reiterated the company’s aim to source $10 billion a year from India, adding that it was rare to see a big…

BluPine Energy on Monday (June 23, 2025) said it has secured Rs 2,416 crore debt financing for its 150 MW Firm and Dispatchable Renewable Energy (FDRE) Power Project in Aland, Karnataka. The project, undertaken by its wholly-owned subsidiary Solarcraft Power India 16…

With the escalation of Iran-Israel conflict, rice exporters in Haryana — which accounts for 30% of the country’s basmati rice shipments to Iran — are struggling with major disruptions in ship movements and payment delays. | Photo Credit: Getty Images/iStockphoto With the…

The global economy is undergoing a significant transformation, marked by shifts in trade policies and continuing geopolitical tensions. We see a return of trade wars, the review of tariffs by countries as well as a surge in negotiations for bilateral trade agreements.…

Appellate tribunal NCLAT has quashed an NCLT order that denied permission to the lenders of debt-ridden Raigarh Champa Rail Infrastructure to start a fresh bidding process. The development has come as a relief to JSW Energy which had sought permission to participate…

NTPC. File | Photo Credit: Reuters State-run power giant NTPC board on Saturday (June 21, 2025) approved the proposal to raise up to ₹18,000 crore through the issuance of NCDs or bonds on private placement in the domestic market. The board of…

Advance tax collection during April 1-June 19, 2025 grew a meagre 3.87% to ₹1.56 lakh crore. File | Photo Credit: Special arrangement Net direct tax collection so far this fiscal stood at ₹4.59 lakh crore, 1.39% lower compared to the mop-up during…

The move aligns with Cognizant’s strategy to optimise real estate costs. File | Photo Credit: Reuters Software services firm Cognizant Technology Solutions will invest ₹15.82 billion ($182.76 million) to build a new campus in the southern Indian city of Vishakapatanam that will…

A largely supportive trend overseas and renewed foreign capital inflows supported the domestic equities amid easing tension in the Middle East, traders said. File | Photo Credit: AP Equity benchmark indices Sensex and Nifty rebounded sharply by over 1% on Friday (June…

Infrastructure and agricultural growth in India may have created demand for Polyvinyl Chloride (PVC), mostly used in pipes and agri-based applications but carbide-based PVC imports from China are posing health and environmental hazards as well as damaging the domestic industry, said industry…

Benchmark indices Sensex and Nifty ended lower for the third straight session on Thursday, June 19, 2025, in line with weak trends in global markets as the ongoing Iran-Israel conflict continues  Benchmark indices Sensex and Nifty ended lower for the third straight…

Passengers will be able to reschedule at no extra cost, or seek full refund, Air India said. File picture for representation. | Photo Credit: Reuters Air India will be cutting down international flights on widebody aircraft that mostly connect long haul and…

Anil Ambani’s Reliance Infrastructure has forged a landmark strategic partnership with French aerospace major Dassault Aviation to manufacture Falcon 2000 business executive jets in India for the global markets, the firms announced on Wednesday (June 18, 2025). The announcement, made at the…

Cotton imports saw a 133 % jump last month compared with last May and a 131 % increase in value in April-May 2025 compared with the same period last year. File | Photo Credit: Reuters The Cotton Corporation of India (CCI) has…

Eric Trump, Don Hendrickson, Eric Thomas, Patrick O’Brien and Donald Trump Jr., left to right, participate in the announcement of Trump Mobile, in New York’s Trump Tower, Monday, June 16, 2025 | Photo Credit: AP If Trump watches or sneakers or bibles…

“These locomotives are fitted with Distributed Power Wireless Control System, or DPWCS, for synchronised operations and superior freight handling,” a Railways Ministry spokesperson said. Photo: https://www.wabteccorp.com/ India will supply 150 locomotives worth more than ₹3,000 crore to the African country of Guinea,…

During the day, 30-share BSE Sensex surged 747.22 points or 0.92% to 81,865.82. File | Photo Credit: AP Benchmark stock indices Sensex and Nifty rebounded by nearly 1% on Monday (June 16, 2025), following value buying in IT and oil shares and…

Sun Pharmaceutical Industries’ drug manufacturing facility in Halol, Gujarat, has been issued eight observations by the U.S. Food and Drug Administration (FDA). The U.S. FDA issued a Form-483 with eight observations following conclusion of a Good Manufacturing Practices (GMP) inspection of the…

The renewed U.S.-China trade truce struck in London left a key area of export restrictions tied to national security untouched, an unresolved conflict that threatens a more comprehensive deal, two people briefed on detailed outcomes of the talks told Reuters. Beijing has…

Insurance regulator IRDAI has advised insurers in the wake of the Air India plane crash to ensure no claim pertaining to those who died is either denied or delayed on account of procedural formalities. “Ensure no claim is denied or delayed… in…

The National Company Law Tribunal (NCLT) admitted  Gensol Engineering Ltd. and its arm Gensol EV Lease Ltd for insolvency resolution following separate petitions filed by Indian Renewable Energy Development Agency Ltd. (IREDA). However, NCLT appointed an alternative interim resolution professional (IRP) for both the companies, while rejecting…

Samples of rare earth minerals from left, Cerium oxide, Bastnasite, Neodymium oxide and Lanthanum carbonate are on display during a tour of Molycorp’s Mountain Pass Rare Earth facility in Mountain Pass, California June 29, 2015. | Photo Credit: Reuters India has asked…

Brent crude, the global oil benchmark, rose sharply by 7.27% to $74.40 per barrel in futures trade. Representational file image. | Photo Credit: AP The rupee plummeted 55 paise to 86.07 (provisional) against the U.S. dollar on Friday (June 13, 2025) due…

Amid the chaos set in by churning events and spurring global uncertainty, there is an interesting financial trend that mainstream analysts are perhaps missing. It is well known in economic history how certain shifts don’t arrive with the roar of crisis or…

India ranks 131 in the Global Gender Gap Index 2025 released by the World Economic Forum. File | Photo Credit: Reuters India has ranked 131 out of 148 countries in the World Economic Forum’s Global Gender Gap Report 2025, slipping two places…

NSE was the first stock exchange in India to establish an electricity exchange, launching Power Exchange India Limited (PXIL) in 2008. | Photo Credit: Reuters The National Stock Exchange of India (NSE) on Wednesday said it has received the approval from markets…

A man stands next to U.S. and China flags at Lancaster House, on the second day scheduled for trade talks between the U.S. and China, in London, Britain, June 10, 2025. | Photo Credit: Reuters Senior U.S. and Chinese negotiators have agreed…

Maruti Suzuki has cut near-term production targets for its maiden electric vehicle e-Vitara by two-thirds. File | Photo Credit: PTI Maruti Suzuki has cut near-term production targets for its maiden electric vehicle e-Vitara by two-thirds because of rare earths shortages, a document…

The latest development means that WazirX will have to explore alternatives [File] | Photo Credit: REUTERS Cryptocurrency exchange WazirX, which suffered a more than $230 million loss lost year after a multi-signature wallet was hacked, saw its proposed restructuring plan shot down…

Jewellery player Lalithaa Jewellery Mart has filed preliminary papers with markets regulator SEBI seeking its approval to raise ₹1,700 crore through an Initial Public Offering (IPO). The Chennai-based company’s proposed IPO is a combination of a fresh issue of shares worth ₹1,200…

The 30-share BSE Sensex climbed 256.22 points or 0.31%, to settle at 82,445.21, driven by buying in bank stocks and the 50-share NSE Nifty surged 100.15 points or 0.40%, to 25,103.20. File | Photo Credit: AP Benchmark equity indices Sensex and Nifty…

Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto Maharashtra and Karnataka accounted for 51% of the foreign direct investment (FDI) inflows into the country during the last financial year 2024-25, according to the latest data of the Department for Promotion…

A view of Bank of Baroda which has announced cut in repo linked lending rate by 50 basis points on June 8, 2025. | Photo Credit: The Hindu Following Reserve Bank of India’s (RBI) decision to reduce the policy repo rate by…

In a major relief for Infosys, the Director General of GST Intelligence has closed pre-show cause notice proceedings against the company for financial years 2018-19 to 2021-22 involving a staggering ₹32,403 crore in GST dues. The latest move effectively ends nearly a…

Photo used for representation purpose only. | Photo Credit: The Hindu The government should address the structural challenges faced by the Indian textile and apparel industry to achieve $ 100 billion exports by 2030, according to stakeholders of the industry. At a…

An Akasa Air passenger aircraft taxis on the tarmac at Chhatrapati Shivaji International Airport in Mumbai. File. | Photo Credit: Reuters Low-cost carrier Akasa Air on Friday (June 6, 2025) announced a tie-up with Adani Airport Holdings to operate from the conglomerate-run…

Photo used for representation purpose only | Photo Credit: Getty Images/iStockphoto The Reserve Bank is all set to raise the loan-to-value (LTV) ratio for lending against gold to 85% for loans under ₹2.5 lakh from the present 75%t, Governor Sanjay Malhotra announced…