TCS Q1FY26 profit grows 6% to ₹12,040 cr, revenue at ₹63,437 cr

Jul 10, 2025, at 11:37 pm

Mumbai: Tata Consultancy Services (TCS) reported a net profit of ₹12,760 crore for the quarter ended June 30, 2025, up 6% from ₹12,040 crore in the corresponding period last year.

India shouldn’t be affected if another country blocks fertiliser supply: Piyush Goyal

Jul 09, 2025, at 11:54 pm

New Delhi: Union Commerce Minister Piyush Goyal on Wednesday said India should not face difficulties even if another country stops fertiliser exports and called for a robust supply chain in fertilisers, insecticides, and pesticides.

India to source 10% of cooking gas imports from U.S. starting 2026: Report

Jul 09, 2025, at 10:57 pm

New Delhi: India plans to source around 10% of its cooking gas (LPG) imports from the U.S. starting in 2026, as part of a strategy to deepen energy ties and reduce its trade deficit with Washington, Reuters reported.

Linda Yaccarino exits X as CEO after leading major transformations for 2 yrs

Jul 09, 2025, at 10:16 pm

New York: Linda Yaccarino has announced her resignation as CEO of X (formerly Twitter), marking the end of a short but high-profile tenure at the helm of the influential social media platform.

Reliance Jio delays IPO plans to boost valuation

Jul 09, 2025, at 09:49 pm

Mumbai: Reliance Jio Platforms, led by billionaire Mukesh Ambani, has postponed its highly anticipated IPO originally planned for this year, two sources told Reuters.

Tata AutoComp, Skoda Group form JV to make railway propulsion systems in India

Jul 09, 2025, at 08:52 pm

New Delhi: Tata AutoComp and Skoda Group, a leading European manufacturer of public transport components and vehicles, have announced a joint venture to manufacture railway propulsion systems and components, supporting the fast-growing Indian railway and mobility sectors, NDTV reported.

IndianOil-Adani Gas plans $161 million fundraising via convertible bonds

Jul 09, 2025, at 08:47 pm

Mumbai: IndianOil-Adani Gas Pvt. is looking to raise up to ₹13.78 billion ($161 million) through the sale of exchangeable bonds, according to sources familiar with the matter. If completed, it would be one of the largest such transactions in India this year, Bloomberg reported.

Bank of India pays dividend of Rs. 1,353 cr to govt

Jul 09, 2025, at 07:25 pm

Mumbai: Public sector lender Bank of India paid dividend of Rs.1,353.05 crores for the financial year 2024-25 to the government on Tuesday.

Tech major Apple appoints Indian-origin techie Sabih Khan as COO

Jul 09, 2025, at 04:58 pm

Tech giant Apple on Wednesday announced the appointment of Indian-origin techie Sabih Khan as the company's new Chief Operating Officer (COO).

Bentley joins Škoda Auto Volkswagen India; new entity to steer luxury push

Jul 09, 2025, at 12:21 am

Mumbai: Škoda Auto Volkswagen India Private Limited (SAVWIPL) has officially added British ultra-luxury marque Bentley to its portfolio, becoming the sixth brand under its umbrella. Effective 01 July 2025, SAVWIPL will exclusively import, distribute, and service Bentley vehicles across India, the company announced on Monday.

India, Australia eye rare earth and copper tie-ups amid China export crunch

Jul 09, 2025, at 12:05 am

New Delhi: India is in discussions with Australia for potential collaborations on rare earth minerals and copper blocks, as global concerns over China's tightening control on rare earth exports continue to grow. Economic Times reported.

Rishi Sunak returns to financial roots with Goldman Sachs advisory role

Jul 08, 2025, at 10:11 pm

London: Rishi Sunak, the former UK Prime Minister, is set to make a comeback to his professional origins with a new role as senior adviser at Goldman Sachs, the Financial Times reported on Tuesday.

Jindal Steel Duqm to launch 5 MTPA green steel plant in Oman by 2028

Jul 08, 2025, at 09:35 pm

Muscat: Jindal Steel Duqm, part of the Naveen Jindal Group, is targeting a 2028 launch for operations at its planned 5 million tonnes per annum (MTPA) hydrogen-enabled green steel facility at the Special Economic Zone at Duqm (SEZAD) in Oman, according to a PTI report

JSW Infra bags ₹740 cr project to boost container capacity at Kolkata port

Jul 07, 2025, at 11:56 pm

Kolkata: JSW Infrastructure secured a ₹740 crore project from the Syama Prasad Mookerjee Port Authority to enhance the port’s container handling capacity, according to a company release on Monday.

AirAsia inks agreement with Airbus for 70 A321XLRs

Jul 07, 2025, at 10:00 pm

AirAsia Berhad, a wholly-owned subsidiary of Capital A Berhad, signed an agreement with Airbus valued at USD12.25 billion for 50 A321XLRs with rights for 20 A321XLRs.

World Bank report says India ranks as world’s 4th most equal society

Jul 06, 2025, at 11:14 pm

Beating the US and the UK, India has emerged as one of the ‘world’s most equal societies’ when it comes to income equality, as per data released by the World Bank.

Godrej Chemicals to invest over ₹750 cr in capacity expansion, eyes $1 billion revenue by 2030

Jul 04, 2025, at 11:29 pm

Kolkata: Godrej Industries Ltd’s Chemicals Business will invest more than ₹750 crore over the next few years to expand its manufacturing capacity, as the company sets its sights on becoming a $1 billion global business before 2030.

Microfinance Industry Network (MFIN) elects new chairperson and vice-chairperson

Jul 04, 2025, at 11:21 pm

Gurgaon: Microfinance Industry Network (MFIN) announced the appointment of Vineet Chattree as Chairperson and Dibyajyoti Pattanaik as Vice-Chairperson of the MFIN Board.

SAIL opens first overseas office in Dubai to drive exports, tap emerging markets

Jul 04, 2025, at 10:15 pm

Dubai: State-run steel producer SAIL has opened its first international office in Dubai as part of its strategy to explore opportunities in emerging markets, according to an official release issued on Friday.

Adani, NLC, GMR secure green nod for thermal expansion; NTPC, Jindal, JSW held back

Jul 04, 2025, at 09:54 pm

New Delhi: The Ministry of Environment, Forest and Climate Change’s expert appraisal committee (EAC) has cleared expansion proposals of thermal power plants by Adani Power Ltd, NLC India, and GMR Power, totalling an additional 2,470 megawatts (MW), Moneycontrol reported.

Surplus liquidity won't spur credit growth despite RBI's easing measures, says J.P. Morgan

Jul 04, 2025, at 07:10 pm

Mumbai: Despite a sizeable liquidity surplus in the banking system, bank lending in India is unlikely to get a significant lift, according to a report by J.P. Morgan economists, Reuters reported.

MSME sector accounts for 30.1% of India’s GDP: Manjhi

Jul 04, 2025, at 05:48 pm

Union MSME Minister Jitan Ram Manjhi MSME, which is the second highest contributor to the country's economy, accounts for 30.1% of India’s GDP.

Microsoft winds up Pakistan ops after 25 years; ex-president Arif Alvi blames regime change

Jul 04, 2025, at 05:37 pm

Islamabad: Global tech major Microsoft has decided to shut down its operations in Pakistan after a 25-year presence in the country.

Trump to send tariff letters to nations from Friday: Report

Jul 04, 2025, at 04:42 pm

Washington DC: US President Donald Trump on Thursday said his administration may begin dispatching letters to trading partners as early as Friday, setting unilateral tariff rates ahead of a looming July 9 deadline for trade negotiations, Bloomberg reported.

IndiGo appoints former NITI Aayog CEO Amitabh Kant as non-executive director

Jul 03, 2025, at 11:38 pm

Gurugram: Budget airline IndiGo on Thursday announced the appointment of Amitabh Kant as a non-executive director on the Board of Directors of its parent InterGlobe Aviation Limited.

How E-commerce Platforms Automate Refunds and Vendor Payouts Using APIs

Jul 03, 2025, at 06:10 pm

As your e-commerce business grows, manually managing refunds and vendor payments becomes ever more challenging. What had begun as a straightforward process quickly transforms into errors, delays, and needless back-and-forth. 

RBI bars pre-payment charges on floating-rate loans for individuals, MSEs from Jan 2026

Jul 03, 2025, at 12:31 am

Mumbai: The Reserve Bank of India (RBI) has barred banks and regulated lenders from charging pre-payment fees on floating-rate loans, including those taken by individuals and micro and small enterprises (MSEs) for business purposes. The new rules will take effect from January 1, 2026, according to a Press Trust of India report.

India to become world’s largest satcom market, says Jyotiraditya Scindia: Report

Jul 03, 2025, at 12:02 am

New Delhi: Union Minister for Communications and DONER, Jyotiraditya Scindia, has said that India is poised to become the world’s largest satellite communication (satcom) market, as the technology will play a key role in bridging last-mile connectivity.

Microsoft to lay off 9,100 employees in largest job cut since 2023

Jul 02, 2025, at 11:20 pm

Microsoft is cutting around 9,100 jobs, or 4% of its global workforce, marking its biggest round of layoffs since 2023, according to a report by The Seattle Times on Wednesday.

India to build three new strategic oil reserves to boost energy security and meet IEA standards

Jul 02, 2025, at 11:01 pm

New Delhi: India is set to expand its strategic petroleum reserves with the proposed construction of three new facilities aimed at enhancing energy security and meeting international standards for emergency oil stockpiles.