Jul 16, 2025, at 11:51 pm
New Delhi: India is preparing for its most significant overhaul of the Goods and Services Tax (GST) regime since its launch in 2017, with the Prime Minister’s Office (PMO) giving in-principle approval for a sweeping restructuring of the system, according to sources cited by The Economic Times.
Tech Mahindra Q1 profit jumps 34% YoY to ₹1,141 cr; bookings rise, expenses flat
Jul 16, 2025, at 11:02 pm
Mumbai: Tech Mahindra reported a strong performance for the first quarter of FY26, with net profit rising 34% year-on-year to ₹1,141 crore, compared to ₹852 crore in the same quarter last year, reported Moneycontrol.
ITC Hotels Q1 profit surges 53% to ₹134 cr; eyes 220 properties, 20,000 rooms by 2030
Jul 16, 2025, at 08:42 pm
Kokata: ITC Hotels Ltd reported a 53% year-on-year increase in its consolidated net profit for the June quarter, reaching ₹133.71 crore, up from ₹87.16 crore in the corresponding period last year.
SBI to open ₹25,000-cr QIP; floor price set at ₹811.05 per share
Jul 16, 2025, at 07:27 pm
Mumbai: State Bank of India, the country’s largest lender, will open its ₹25,000-crore qualified institutional placement (QIP) on Wednesday, NDTV Profit reported, citing a stock exchange filing.
Cabinet clears ₹50,000 cr push for farm revival and green energy boost across India
Jul 16, 2025, at 05:54 pm
New Delhi: The Union Cabinet on Wednesday approved three major initiatives with a combined annual outlay exceeding ₹50,000 crore aimed at transforming agriculture and scaling up renewable energy investments in India, reported The Economic Times.
Apply online for low-interest mortgage loans: a complete guide
Jul 16, 2025, at 11:50 am
Purchasing a home or mortgaging a property is a major financial decision, one that typically involves a long-term commitment and a substantial loan amount. For most individuals, securing a mortgage loan is the most practical way to finance such a purchase. However, the key to making this loan manageable over the years lies in getting it at the lowest possible interest rate.
RBI open to foreign banks holding up to 26% in Indian lenders, says Governor Sanjay Malhotra
Jul 16, 2025, at 12:22 am
Mumbai: Reserve Bank of India Governor Sanjay Malhotra on Tuesday said the central bank is open to permitting foreign banks to hold up to 26% stake in Indian lenders, provided such investments comply with existing policy norms.
Renault appoints CFO Duncan Minto as interim CEO
Jul 16, 2025, at 12:04 am
Paris: Renault on Tuesday named its Chief Financial Officer Duncan Minto as interim CEO to steer the French carmaker while it looks for a permanent successor to Luca de Meo, Reuters reported.
MTNL defaults on ₹8,585 cr loan repayments to seven PSU banks, shares fall nearly 5%: Report
Jul 15, 2025, at 10:11 pm
New Delhi: State-run telecom operator Mahanagar Telephone Nigam Ltd (MTNL) is facing renewed financial distress after informing the stock exchanges that it has defaulted on repayments of loans and interest totalling nearly ₹8,585 crore owed to seven public sector banks, according to The Economic Times.
Anand Mahindra welcomes Tesla’s India debut, revives old challenge to Musk as EV race heats up
Jul 15, 2025, at 07:49 pm
Mumbai: Following Tesla’s entry into India, Anand Mahindra shared his thoughts on X. He posted, “Welcome to India, @elonmusk and @Tesla. One of the world’s largest EV opportunities just got more exciting.”
Indian companies, Saudi's Maaden sign pact for import of 3.1 mn MT of DAP per year
Jul 15, 2025, at 06:16 pm
A Long-Term Agreements was signed between Maaden and Indian companies- IPL, KRIBHCO and CIL- for the supply of overall enhanced 3.1 million metric ton of Diammonium Phosphate (DAP) fertilizer per annum for five years from 2025-26 onwards was signed during Minister JP Nadda's recent visit to Saudi Arabia.
Subhankar Sen appointed BPCL's Director (Marketing) amid digital and sustainability push
Jul 15, 2025, at 05:34 pm
Mumbai: Bharat Petroleum Corporation Limited (BPCL), one of India’s leading integrated energy companies, has appointed Subhankar Sen as its new Director (Marketing), the company announced on Monday.
Tata Steel starts construction of Electric Arc Furnace at UK plant for green steel prodn
Jul 15, 2025, at 05:24 pm
London: Tata Steel officially broke ground on the UK’s largest low-carbon steel plant at Port Talbot in Wales, marking the start of construction of a new electric arc furnace (EAF) that is central to the company's green transformation agenda in Britain.
Elon Musk's Tesla ventures into Indian market launching first showroom in Mumbai
Jul 15, 2025, at 12:42 pm
Mumbai/IBNS: Billionaire Elon Musk-led American multinational automotive and clean energy company Tesla's first electric car showroom in India was launched in the country's financial capital, Mumbai, on Tuesday.
India's WPI turns negative in June
Jul 14, 2025, at 06:15 pm
Wholesale inflation (WPI) in India has moved to the negative path for the first time in June to stand at (-13) in contrast to 0.39 per cent in May, as per official data released by the government on Monday.
Blinkit to shift to inventory-led model from Sept 1 as parent gains Indian ownership: Report
Jul 13, 2025, at 11:20 pm
Gurugram: Blinkit is moving to an inventory-led model, following through on plans initiated after its parent company, Eternal, became an Indian-owned and controlled company (IOCC) in April, according to an Economic Times report.
Centre's interest-free capex loans to states cross ₹30,000 cr
Jul 13, 2025, at 10:03 pm
New Delhi: The Centre’s disbursal of 50-year interest-free capital expenditure loans to states has more than doubled year-on-year to around ₹30,000 crore so far in the current fiscal, The Financial Times reported, citing a senior government official.
NLC India in talks with Russian firm for lithium supply from Africa mine
Jul 13, 2025, at 08:20 pm
New Delhi: State-owned NLC India is in advanced talks with a Russian government-backed firm to secure lithium supplies from a mining block in Africa, marking a significant move in India’s efforts to strengthen access to critical minerals needed for its energy transition, according to a Times of India report.
Trump announces 30% tariffs on EU, Mexico from Aug 1, risking global trade upheaval: Report
Jul 13, 2025, at 12:19 am
Bridgewater (New Jersey): U.S. President Donald Trump on Saturday unveiled a sweeping plan to impose 30% tariffs on imports from the European Union and Mexico starting August 1, a decision that threatens to strain trade ties with two of the United States’ biggest partners, according to the Associated Press.
Jul 12, 2025, at 12:22 am
The U.S.-India Strategic Partnership Forum (USISPF) on Friday announced the appointment of Kumar Mangalam Birla, Chairman of the Aditya Birla Group, to the Executive Committee of its Board of Directors, Economic Times reported.
Bharti Space to invest ₹1,204 cr in France's Eutelsat as part of €1.5 billion fundraise
Jul 11, 2025, at 11:55 pm
Mumbai: Bharti Space Ltd, the satellite arm of Bharti Enterprises, will invest an additional €120 million (approximately ₹1,204 crore) in French satellite operator Eutelsat Communications S.A. through a rights issue, as part of the company’s expanded €1.5 billion (over ₹15,000 crore) capital raising round, Live Mint reported on Thursday.
Jul 11, 2025, at 11:17 pm
New Delhi: Switzerland has completed the ratification of the landmark trade agreement between India and the European Free Trade Association (EFTA), which will reduce trade barriers and significantly expand market access for Swiss exports to India, PTI reported.
Flipkart launches $50 million Esop buyback for up to 7,500 employees ahead of potential IPO
Jul 11, 2025, at 09:46 pm
Bengaluru: Flipkart has rolled out a $50 million employee stock buyback programme that will offer liquidity to approximately 7,000–7,500 staff members, as the Walmart-owned e-commerce major prepares for a potential initial public offering (IPO), The Economic Times reported.
Tesla to open first India showroom in Mumbai, deliveries of Model Y SUVs by August
Jul 11, 2025, at 07:33 pm
New Delhi: Tesla, under the leadership of Elon Musk, is set to launch its first showroom in Mumbai on Tuesday, Bloomberg reported, citing people familiar with the development.
₹1,345 cr subsidy scheme for rare earth magnet makers proposed: Heavy Industry Minister Kumaraswamy
Jul 11, 2025, at 07:02 pm
New Delhi: The Indian government has prepared a draft proposal for a subsidy scheme worth ₹1,345 crore aimed at supporting domestic manufacturers of rare earth magnets, Union Minister for Heavy Industry and Steel HD Kumaraswamy said on July 11, reported Moneycontrol.
IBCN 2025: Celebrating the Chettiar legacy, powering youthful enterprise
Jul 11, 2025, at 06:02 pm
Bengaluru: The International Business Conference of Nagarathars (IBCN), the biennial global gathering of the Chettiar business community, returns this year with a renewed focus on youth, innovation, and inclusive leadership.
India expands access to $639 billion credit market via total return swaps: Report
Jul 11, 2025, at 05:50 pm
New Delhi: India has expanded the scope of a popular derivative instrument among foreign investors, thereby enhancing their access to the country’s $639 billion credit market, Bloomberg reported, citing people familiar with the matter.
India rolls out first-ever e-Truck incentive scheme under PM Modi’s Green Mobility Vision
Jul 11, 2025, at 04:48 pm
The Ministry of Heavy Industries (MHI), Government of India, has launched a scheme to provide financial incentives for electric trucks (e-trucks) under the PM E-DRIVE initiative.
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.