June 15, 2025 01:50 pm (IST)
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After over a billion passengers flown, Air India crash ends Boeing 787 Dreamliner’s fatality-free run | Air India flight with 242 on board crashes moments after takeoff in Ahmedabad, all dead except one | Ex-Gujarat CM Vijay Rupani among 242 killed in Air India crash near Ahmedabad | Telangana engineer, who worked on Kaleshwaram irrigation project, held in disproportionate case | 'If guilty, she must be hanged': Sonam Raghuvanshi's brother on Meghalaya murder | 'Deal with China done': Donald Trump announces agreement on rare earths, student visas | 'Funding Pakistan means funding infrastructure of terrorism': Rajnath Singh | Modi meets members of Operation Sindoor outreach delegations, lauds them for voicing India's stand | Won't tolerate visa abuse: US Embassy warns after viral video showed Indian student handcuffed at New Jersey airport | PM Modi urges citizens to participate in survey on India's growth journey over last 11 years on NaMo App

RBI announces repo rate cut by 50 basis points in relief for loan borrowers

Jun 06, 2025, at 10:56 am

Mumbai/IBNS: In a relief for loan borrowers, Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday announced a reduction in the repo rate by 50 basis points, media reports said.

Sudarshan Venu to take over as Chairman and MD of TVS Motor from Aug 25

Jun 06, 2025, at 12:08 am

TVS Motor Company on Thursday announced that its Board has unanimously appointed Sudarshan Venu as the next Chairman and Managing Director, effective August 25.

Foreign investment in Indian corporate bonds hits 10-year high in May on SP Group deal

Jun 05, 2025, at 11:21 pm

Foreign investment in Indian corporate bonds surged to ₹20,996 crore in May — the highest in a decade — largely driven by a $3.35 billion bond sale by the Shapoorji Pallonji (SP) Group, according to a Business Standard report.

India eyes fiscal push to build rare earth magnet stockpile, curb China reliance

Jun 05, 2025, at 10:01 pm

New Delhi: India is in talks with companies to build strategic stockpiles of rare earth magnets and incentivise local production, aiming to cut its dependence on Chinese imports, according to people familiar with the matter, according to a Reuters report.

Walmart's Flipkart gets RBI’s NBFC licence to lend directly to customers

Jun 05, 2025, at 08:49 pm

Mumbai: Walmart-owned Flipkart has received a lending licence from the Reserve Bank of India (RBI), becoming the first major e-commerce platform in the country to be granted a non-banking finance company (NBFC) status, according to a Reuters report.

Kumar Mangalam Birla signals more US investments; hails $4 bn Alabama greenfield project

Jun 05, 2025, at 01:29 am

New Delhi: Kumar Mangalam Birla, Chairperson of the Aditya Birla Group, has voiced confidence about scaling up investments in the United States.

RBI begins key policy meet; market eyes possible third straight repo rate cut

Jun 05, 2025, at 12:18 am

Mumbai: The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) began its three-day deliberation today, with widespread anticipation that the meeting could lead to another reduction in the repo rate, currently at 6%.

ICL Fincorp targets pan-India expansion, to double AUM on back of NIDCC mandate

Jun 04, 2025, at 11:21 pm

Kolkata: ICL Fincorp Ltd is set to accelerate its pan-India expansion with plans to open 500 new branches over the next two years, including 200 in the current financial year, as the gold loan-focused NBFC seeks to broaden its geographic footprint beyond Southern India and double its assets under management (AUM).

Adani Airports raises $750 million to boost capacity, repay debt and expand services

Jun 04, 2025, at 10:08 pm

Mumbai: Adani Airports Holdings Ltd (AAHL), a subsidiary of Adani Enterprises and the largest private airport operator in India, has raised $750 million through external commercial borrowings from international lenders.

Hyundai, Kia offload ₹690 crore stake in Ola Electric amid losses, falling revenue

Jun 03, 2025, at 11:29 pm

Mumbai: Hyundai Motor and Kia Corporation sold shares worth nearly ₹690 crore in electric two-wheeler manufacturer Ola Electric through open market transactions on Tuesday, according to data released by the National Stock Exchange.

Toyota to take Toyota Industries private in $26 bn deal, marking major corporate governance shake-up: Report

Jun 03, 2025, at 10:39 pm

Tokyo: Toyota Motor Corp. announced on Tuesday that it will take key affiliate Toyota Industries private in a landmark ¥3.7 trillion ($26 billion) deal, marking one of the largest corporate restructurings in Japan’s recent history and signalling a strategic shift in the auto giant’s group structure, Reuters reported.

Vikram Solar gets SEBI approval for IPO to fund major expansion plans

Jun 03, 2025, at 09:48 pm

Kolkata: Vikram Solar Limited has received final approval from the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).

Embraer sets up India subsidiary, in talks with IndiGo and Air India to sell aircraft: Report

Jun 03, 2025, at 09:02 pm

New Delhi: Brazilian aerospace major Embraer is engaging with Indian carriers IndiGo and Air India to explore potential aircraft sales, as part of its broader strategy to deepen its presence in one of the world’s fastest-growing aviation markets.

OECD cuts US growth forecast to 1.6% for 2025 amid Trump’s tariff surge; India to grow steadily at 6.3%

Jun 03, 2025, at 08:40 pm

The Organisation for Economic Co-operation and Development (OECD) has projected a sharp deceleration in US economic growth, forecasting it to slow to 1.6% in 2025 from 2.8% in the previous year.

Tata Electronics eyes semiconductor fabrication unit acquisition in Malaysia: Report

Jun 03, 2025, at 08:34 pm

New Delhi: Tata Electronics is exploring the acquisition of a semiconductor fabrication or outsourced semiconductor assembly and test (OSAT) facility in Malaysia as part of its strategy to build technical know-how and talent before formally launching chip assembly and packaging operations in India, The Economic Times has reported.

After firing 6,000 last month, Microsoft cuts hundreds more jobs

Jun 03, 2025, at 10:19 am

IT major Microsoft on Tuesday announced that an additional 300 people have been laid off following the recent round of job cuts, media reports said.

Vietnam’s Vingroup eyes broader India presence after $2 bn Tamil Nadu EV plant; in talks with Telangana, Andhra Pradesh

Jun 01, 2025, at 10:44 pm

New Delhi: Vietnamese conglomerate Vingroup, which is currently setting up a $2-billion electric vehicle (EV) manufacturing facility in Tamil Nadu’s Thoothukudi, is now in discussions with the governments of Telangana and Andhra Pradesh to expand its footprint in India, according to a PTI report.

Commercial LPG, jet fuel prices cut for third month; ATF down ₹2,414, LPG cylinder cheaper by ₹24 from June 1

Jun 01, 2025, at 09:41 pm

New Delhi: Oil marketing companies have slashed prices of 19-kg commercial LPG cylinders by ₹24 and aviation turbine fuel (ATF) by ₹2,414.25 per kilolitre, effective June 1, 2025, providing cost relief to businesses and airlines amid softening global crude prices.

India receives $81 bn in FDI in FY25, highest in 3 years; Singapore leads with nearly $15 bn inflow

Jun 01, 2025, at 08:49 pm

New Delhi: Singapore retained its position as India’s top source of foreign direct investment (FDI) for the seventh consecutive year in 2024–25, contributing $14.94 billion—almost 19% of the country’s total FDI inflows for the fiscal year, according to the latest government data.

Foreign investors pump ₹19,860 cr into Indian equities in May, narrowing 2025 outflows

Jun 01, 2025, at 08:31 pm

Mumbai: Foreign portfolio investors (FPIs) poured ₹19,860 crore into Indian equities in May, extending their buying streak on the back of supportive global cues and strong domestic fundamentals.

‘Didn’t back down amid challenges and scrutiny, now more formidable’: Gautam Adani

Jun 01, 2025, at 04:54 pm

Vadodara: Adani Group Chairman Gautam Adani has said the conglomerate has emerged stronger, formidable and more resilient despite facing unprecedented scrutiny and successive challenges over the past year.

NIBE Limited secures $17.52 million order from Israel-based company for supply of Universal Rocket Launchers

May 31, 2025, at 04:57 pm

A pioneering Indian manufacturer of critical defence systems NIBE Limited, has announced receiving a significant export Purchase Order valued at $17.52 million from an Israel-based company.

Suzlon FY25 PAT soars 214% YoY to ₹2,072 cr; Q4 profit jumps 365% to ₹1,181 cr

May 30, 2025, at 11:59 pm

Pune: Renewable energy giant Suzlon Group ended FY25 with its strongest performance in a decade, reporting a full-year Profit After Tax (PAT) of ₹2,072 crore, aided by a deferred tax asset gain of ₹638 crore.

India surpasses China, becomes top iPhone exporter to US: Report

May 30, 2025, at 11:22 pm

New Delhi/IBNS: India has surpassed China to become the largest exporter of iPhones to the United States, a report by market research firm Omdia said.

Gold ETF demand jumps 170%; jewellery takes a hit on high prices

May 30, 2025, at 11:11 pm

Mumbai: Global gold demand soared to a first-quarter record in 2025, fuelled by a sharp rebound in ETF inflows and continued buying by central banks, even as total demand eased slightly from last year, according to Motilal Oswal Private Wealth.

Centre meets FY25 fiscal deficit target of 4.8% of GDP, shows provisional CGA data

May 30, 2025, at 08:30 pm

New Delhi: The Central government has achieved its fiscal deficit target of 4.8 percent of GDP for the financial year 2024–25, according to provisional figures released by the Controller General of Accounts (CGA) on Friday.

India’s Q4 GDP growth hits 7.4%, surpasses RBI forecast; FY25 expands by 6.5%

May 30, 2025, at 08:16 pm

New Delhi: India’s real GDP grew by 7.4 per cent in the fourth quarter (Q4) of the financial year 2024–25, according to data released on Friday by the National Statistics Office (NSO), under the Ministry of Statistics and Programme Implementation (MoSPI).

Govt asks Patanjali to explain ‘dubious’ transactions flagged by economic intelligence wing

May 30, 2025, at 05:10 pm

New Delhi: India’s Corporate Affairs Ministry has issued a notice to Patanjali Ayurved Ltd., the traditional medicine firm co-founded by yoga guru Baba Ramdev, seeking clarification over transactions considered suspicious, Bloomberg reported, citing people familiar with the matter.

French brand Alcatel is back: Eyes top 3 spot with India-first smartphone series

May 29, 2025, at 05:07 pm

Kolkata: French-origin tech brand Alcatel announced its re-entry into the Indian smartphone market with the launch of the V3 Series, introducing India’s first smartphones equipped with patented NXTPAPER display technology.

Industrial growth slows to 2.7% in April as manufacturing stays resilient, mining dips

May 28, 2025, at 09:18 pm

New Delhi: India’s industrial output expanded moderately in April 2025, with the Index of Industrial Production (IIP) rising 2.7% year-on-year, according to data released by the Ministry of Statistics and Programme Implementation.