Avadh Sugar posts Q1 loss on weaker margins; seeks ethanol price reform, sugar MSP hike
Aug 12, 2025, at 10:36 pm
Kolkata: Avadh Sugar & Energy Ltd (ASEL) slipped into the red in the June quarter, as lower margins dragged down profitability despite slightly higher revenue.
Magadh Sugar Q1FY26 profit plunges on lower income, eyes ethanol-led growth in 2025-26
Aug 12, 2025, at 10:28 pm
Kolkata: Magadh Sugar & Energy Ltd (MSEL) reported a steep fall in earnings for the quarter ended June 30, 2025, as lower income and operational challenges weighed on performance.
Perplexity makes $34.5bn all-cash bid for Google’s Chrome in bold AI search play
Aug 12, 2025, at 10:07 pm
AI search startup Perplexity has stunned Silicon Valley with an unsolicited $34.5 billion all-cash bid for Alphabet’s Chrome browser — a low yet audacious offer that would require financing well beyond the company’s $14 billion valuation, Reuters reported.
Fareed Zakaria slams Trump’s 50% tariff on India as baffling reversal of US foreign policy
Aug 12, 2025, at 08:41 pm
US President Donald Trump’s 50% tariff on Indian imports is “puzzling” and a “reversal of 25 years of American foreign policy,” political commentator and author Fareed Zakaria has said, warning that the move makes “no sense” and could trigger a global oil shock.
Aug 12, 2025, at 07:51 pm
Mumbai: Two state-run energy companies, Bharat Petroleum Corporation Limited (BPCL) and Oil and Natural Gas Corporation Limited (ONGC), are expected to finalise detailed feasibility reports (DFRs) for their planned greenfield refineries over the next seven to eight months. A final decision on Saudi Arabia’s potential investment in these projects will be taken once the reports are completed, a senior government official told Moneycontrol.
SEBI turns down Anil Ambani’s settlement bid in Yes Bank bond case, penalty could exceed ₹1,828 cr
Aug 12, 2025, at 07:09 pm
Mumbai: Industrialist Anil Ambani is staring at a potential penalty of at least ₹1,828 crore after the Securities and Exchange Board of India (SEBI) declined his proposal to settle allegations linked to investments in Yes Bank’s additional tier-1 bonds, Reuters reported.
Sensex vs Nifty: Understanding India’s Benchmark Indices
Aug 12, 2025, at 06:21 pm
We all know that navigating India’s stock market is like riding a storm; you never know what’s coming next. But no matter who’s talking, your finance-savvy friend or your uncle on a WhatsApp rant, two names always come up: Sensex and Nifty. These two basically run the show. They’re not just random numbers scrolling across your TV. They are the kingmakers. They decide if investors are partying or panicking.
L&T secures over ₹15,000 cr Adani Power contract for 8 thermal units
Aug 12, 2025, at 06:13 pm
Mumbai: Larsen & Toubro (L&T) on Monday announced that it had won an ultra-mega contract from Adani Power to build eight thermal power units, each with a capacity of 800 MW.
Aug 12, 2025, at 05:52 pm
Donald Trump’s 50% tariff threat on India—aimed at forcing New Delhi to ditch Russian oil—has jolted a relationship Washington once nurtured as a bulwark against China, putting billions in trade and years of goodwill at risk, while raising a crucial question: can India afford to halt Russian oil imports? Former RBI Governor Raghuram Rajan says it “wouldn’t be a disaster,” but warns of a “bigger issue” that could be politically explosive.
After US tariff hike, 100,000 jobs lost in Gujarat’s Saurashtra region: Report
Aug 12, 2025, at 05:18 pm
Ahmedabad: The Indian diamond cutting and polishing industry is facing a severe blow after US tariffs surged from 10 percent in April to 50 percent in August, leading to the loss of nearly 100,000 jobs in Gujarat’s Saurashtra region.
Aug 12, 2025, at 05:11 pm
The Union Cabinet on Tuesday approved four more semiconductor projects under India Semiconductor Mission (ISM), giving a boost to the country's 'Make in India' campaign.
Lok Sabha passes modified Income Tax Bill, 2025, without debate
Aug 11, 2025, at 05:15 pm
The Lok Sabha on Monday passed the modified new Income Tax Bill, 2025 and the Taxation Laws (Amendment) Bill, 2025.
Aug 11, 2025, at 04:53 pm
State-owned Bharat Sanchar Nigam Limited (BSNL) on Monday signed strategic Memoranda of Understanding (MoUs) with four global technology leaders: Ericsson India Pvt. Ltd., Qualcomm Technologies Inc., Cisco Systems, and Nokia Solutions and Networks India Pvt. Ltd to accelerate the country's digital transformation.
BEML Limited bags USD 1 million maiden overseas rail-metro contract from Malaysia
Aug 11, 2025, at 04:02 pm
Indian state-owned BEML Limited has received a USD 1 million maiden overseas contract in the rail and metro segment from Malaysia.
India shifts into high gear in global auto parts supply under ‘China+1’ strategy
Aug 10, 2025, at 07:11 pm
New Delhi: India is emerging as a pivotal player in the global automotive supply chain, as multinational automakers adopt the "China + 1" strategy to diversify operations and reduce dependence on China. According to a joint report by EY and Parthenon, the country is fast becoming a preferred hub for manufacturing and exporting auto components.
Harsh Goenka hails Satya Nadella’s ‘masterclass’ reply to Elon Musk’s jab
Aug 10, 2025, at 04:08 pm
Industrialist Harsh Goenka has lauded Microsoft CEO Satya Nadella for delivering what he called a “masterclass” in leadership, after Nadella deftly turned a pointed remark from Tesla and SpaceX chief Elon Musk into a positive statement on innovation and collaboration.
SEBI stops mutual funds from paying transaction charges to distributors on ₹10,000 subscriptions
Aug 09, 2025, at 11:44 pm
Mumbai: The Securities and Exchange Board of India (SEBI) has prohibited mutual funds from paying transaction charges to distributors for bringing in minimum subscriptions of ₹10,000 — a practice previously allowed under mutual fund regulations.
Aug 09, 2025, at 03:33 pm
Private lender ICICI Bank has increased the minimum average balance requirement for all savings accounts opened on or after August 1 to Rs 50,000 for metro and urban areas.
Apple deepens India’s role in iPhone production with massive factory expansion
Aug 09, 2025, at 12:26 am
New Delhi: Apple’s iPhone manufacturing in India, which began as a small-scale pilot, has now become a central pillar of its global strategy.
Aug 08, 2025, at 10:51 pm
New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Friday approved a set of major policy measures covering higher technical education reforms, financial relief to public sector oil companies for LPG sales losses, and targeted subsidies under the Pradhan Mantri Ujjwala Yojana (PMUY).
Tata Motors Q1FY26 net profit drops 63% Y-O-Y
Aug 08, 2025, at 09:53 pm
Mumbai: Tata Motors Ltd. (TML) posted a 63% year-on-year decline in consolidated net profit for the quarter ended June 30, 2025, as US trade tariffs on Jaguar Land Rover (JLR) vehicles and softer passenger vehicle demand weighed on earnings.
Govt withdraws Income Tax Bill, 2025; revised version to be tabled on Aug 11
Aug 08, 2025, at 09:17 pm
New Delhi: Finance Minister Nirmala Sitharaman on Friday withdrew the Income Tax Bill, 2025, from the Lok Sabha, with the government set to bring in a revised version incorporating recommendations of the Select Committee.
Hyderabad-based Lokesh Machines Ltd develops India's first indigenous medium machine gun
Aug 08, 2025, at 07:07 pm
Hyderabad-based Lokesh Machines Ltd is making another major mark by developing the first-of-its-kind 7.62x51mm belt-fed medium machine gun (MMG).
Adani Power to invest $3 billion in 2,400 MW thermal plant in Bihar
Aug 07, 2025, at 11:14 pm
New Delhi: Adani Power Ltd. is set to develop a 2,400 MW ultra-supercritical thermal power plant at Pirpainti village in Bihar’s Bhagalpur district with an investment of up to $3 billion. The project will supply 2,274 MW of net power capacity to state-run utilities in Bihar.
Godrej Consumer Products Q1FY26 net profit remains flat, sales rise 10%
Aug 07, 2025, at 10:51 pm
Mumbai: Godrej Consumer Products Ltd (GCPL) posted a 10% year-on-year increase in consolidated sales for the June quarter of FY26, driven by broad-based volume growth and robust international performance, particularly in Africa, even as its Indonesia business faced macroeconomic challenges.
LIC Q1FY26 net profit up 5% to ₹10,987 cr; solvency, VNB margin improve
Aug 07, 2025, at 10:28 pm
Mumbai: Life Insurance Corporation of India (LIC) reported a standalone net profit of ₹10,987 crore for the first quarter of FY26, marking a 5% increase from ₹10,461 crore in the corresponding period a year ago.
Bata India modernises Batanagar plant with ₹300 million tech upgrade to boost global footprint
Aug 07, 2025, at 09:55 pm
Kolkata: Footwear giant Bata India has announced a ₹300 million investment in its Batanagar manufacturing unit, equipping it with cutting-edge automation technology to enhance quality, efficiency, and global competitiveness.
'Never said UPI cannot be free for users, but someone is paying for it': RBI Governor
Aug 07, 2025, at 12:17 am
Mumbai: Reserve Bank of India (RBI) Governor Sanjay Malhotra has walked back comments made in a recent newspaper interview, clarifying that he never said UPI may stop being free, media reports said.
Oberoi Group to add four new hotels in India under management contracts
Aug 06, 2025, at 11:55 pm
Mumbai: The Oberoi Group is expanding its domestic footprint with four upcoming hotel projects, all of which will be operated under management contracts, the company said at its 75th Annual General Meeting held on Wednesday.
Gautam Adani steps down as executive head of Adani Ports, remains non-executive chairman
Aug 06, 2025, at 09:53 pm
Mumbai: Gautam Adani has stepped down as a key managerial personnel from Adani Ports and Special Economic Zone (APSEZ), the most valuable firm in his infrastructure empire, transitioning to the role of non-executive chairman.