Vikram Singh Mehta replaces Venkataramani Sumantran as IndiGo chairman
May 28, 2025, at 08:36 pm
Gurugram: IndiGo on Wednesday named Vikram Singh Mehta as the new chairman of its board, following the resignation of Venkataramani Sumantran, who held the position for the past three years.
N Chandrasekaran to step down as Tata Chemicals chairman
May 28, 2025, at 07:48 pm
Mumbai: Tata Sons Chairman N Chandrasekaran will step down from his roles as chairman and director of Tata Chemicals, with effect from May 29, 2025. The company disclosed the development through a regulatory filing.
PayPal secures RBI nod to act as cross-border payment aggregator, eyes boost for Indian exporters
May 28, 2025, at 04:58 pm
Mumbai: PayPal Payments Pvt Ltd, the Indian arm of PayPal Holdings Inc, has received in-principle authorisation from the Reserve Bank of India (RBI) to function as a Payment Aggregator – Cross Border Exports (PA-CB-E).
Centre raises MSP for paddy by ₹69 for Kharif 2025–26, aims to bolster farm incomes
May 28, 2025, at 04:51 pm
New Delhi: The Union Cabinet has cleared a ₹69 per quintal hike in the minimum support price (MSP) for paddy for the upcoming Kharif 2025–26 marketing season, raising the MSP for the common variety to ₹2,369 per quintal.
MTF Stocks vs. Traditional Investments: What SMEs Need to Know
May 28, 2025, at 11:58 am
Small and medium enterprises constantly look for ways to use capital carefully and to sustainably grow in this emerging situation of business finance. Among other options, a few business owners and financial planners are now considering MTF (Margin Trading Facility) stocks. Traditional investments such as fixed deposits, bonds, or mutual funds have their place under the financial portfolio; however, they differ from one another in their unique features and approach to investment, where one has MTF stocks.
Should You Include Your Parents in Your Family Floater Health Insurance Plan?
May 28, 2025, at 10:08 am
Getting a family floater health insurance plan for yourself, your spouse, your children and your elderly parents might sound economically sound at first. But, is it a great idea in the long run?
ITR deadline extended to Sept 15 amid major form changes
May 27, 2025, at 10:48 pm
New Delhi: The Central Board of Direct Taxes (CBDT) has pushed the deadline for filing Income Tax Returns (ITRs) for the assessment year 2025–26 from July 31 to September 15, 2025, citing substantial updates to the ITR forms.
Indian infra giants L&T, Afcons bag billion-dollar deals amid West Asia's building boom
May 27, 2025, at 10:07 pm
Mumbai: India’s top construction firms, Larsen & Toubro (L&T) and Afcons Infrastructure, are making strong inroads into West Asia’s infrastructure boom, clinching multi-billion-dollar projects as the Gulf Cooperation Council (GCC) sees a record surge in project activity, Business Standard reported.
LIC Q4 profit jumps 38% to ₹19,013 cr; FY25 PAT at ₹48,151 cr, dividend at ₹12/share
May 27, 2025, at 08:41 pm
Mumbai: Life Insurance Corporation of India (LIC) posted a 38 per cent increase in net profit for the quarter ended March 2025, reaching ₹19,013 crore.
ONGC strikes new oil and gas reserves in Mumbai Offshore basin
May 25, 2025, at 11:37 pm
Mumbai: India’s state-run Oil and Natural Gas Corporation (ONGC) has announced significant new oil and gas discoveries in the Mumbai Offshore basin, potentially offering a boost to the country’s domestic hydrocarbon production.
Shravin Bharti Mittal exits Britain as new tax rules drive billionaires to friendlier shores
May 25, 2025, at 09:07 pm
London: Shravin Bharti Mittal, 37, heir to one of India’s wealthiest families and the largest individual shareholder in BT Group Plc, has relocated to the United Arab Emirates, joining a growing list of ultra-rich individuals exiting the United Kingdom in response to sweeping changes to its tax regime targeting non-domiciled residents, according to Bloomberg.
NXP Semiconductors eye new plant in Greater Noida
May 25, 2025, at 08:15 pm
Dutch chipmaker NXP Semiconductors is currently searching for land in India's Greater Noida to set up its second research and development facility in the country.
India overtakes Japan to become world’s 4th largest economy: Niti Aayog CEO
May 25, 2025, at 04:11 pm
New Delhi: India has surpassed Japan to emerge as the fourth largest economy globally, Niti Aayog CEO BVR Subrahmanyam announced on Saturday. Speaking after the 10th Governing Council meeting of the policy think tank, Subrahmanyam said, “We are the fourth largest economy as I speak. We are a $4 trillion economy as I speak.”
JSW Steel Q4FY25 net profit rises 16% to ₹1,503 cr despite 3% dip in revenue
May 23, 2025, at 09:57 pm
Mumbai: JSW Steel on Friday reported a 16% rise in its consolidated net profit to ₹1,503 crore for the fourth quarter, up from ₹1,299 crore in the corresponding period last year, reported The Economic Times.
RBI to transfer record ₹2.69 lakh cr dividend to Centre for FY25, raises risk buffer to 7.5%
May 23, 2025, at 09:18 pm
Mumbai: The Reserve Bank of India (RBI) on Friday announced a record dividend payout of ₹2.69 lakh crore to the Central government for the financial year ending March 2025—a 27.4% jump from the ₹2.1 lakh crore transferred in 2023-24.
CCI raids reveal ad agency cartel fixing commissions via WhatsApp and virtual meetings
May 23, 2025, at 08:52 pm
New Delhi: Before launching surprise raids on the offices of global advertising agencies in March, the Competition Commission of India (CCI) had received inputs indicating potential violations of competition law, according to a confidential document reviewed by Reuters.
Trump warns Apple of 25% tariff on iPhones made in India or abroad
May 23, 2025, at 07:09 pm
Washington DC: US President Donald Trump on Friday warned that Apple could face a 25% tariff if it manufactures iPhones in “India or anyplace else.”
Ashok Leyland clocks record ₹3,303 cr annual profit, announces 1:1 bonus shares
May 23, 2025, at 05:23 pm
Chennai: Ashok Leyland Ltd, the flagship of the Hinduja Group, posted its highest-ever net profit of ₹3,303 crore for the financial year ended March 31, 2025—a 26% jump from ₹2,618 crore in the previous year.
May 23, 2025, at 01:40 pm
New Delhi/IBNS: Prime Minister Narendra Modi on Friday inaugurated the Rising North East Investors Summit 2025 at Bharat Mandapam in New Delhi.
GRSE bags ₹25,000-crore Navy corvette order, emerges lowest bidder
May 22, 2025, at 10:22 pm
Kolkata: Garden Reach Shipbuilders & Engineers Ltd. (GRSE) has emerged as the lowest bidder for constructing five Next Generation Corvettes (NGC) for the Indian Navy, in what is expected to be a landmark contract valued at approximately ₹25,000 crore.
ITC Q4 net profit surges to ₹19,562 crore on hotel demerger gains
May 22, 2025, at 09:07 pm
Kolkata: ITC Ltd’s net profit for the January–March quarter of FY25 rose sharply to ₹19,561.57 crore, more than tripling from ₹5,020.20 crore in the same period last year.
NSEL traders give thumbs-up to Rs 1,950 cr settlement scheme
May 21, 2025, at 09:50 pm
New Delhi: The National Spot Exchange Limited (NSEL), part of 63 Moons Technologies, Wednesday said it received a whopping 92.81 percent traders in numbers and 91.35 percent traders in value voted in favour of its One-Time Settlement (OTS) scheme, which was proposed by the NSEL Investors’ Forum (NIF) representing large number of traders.
TCS bags ₹2,903 cr add-on order from BSNL for 4G rollout across 18,685 sites
May 21, 2025, at 09:27 pm
Mumbai: Tata Consultancy Services (TCS) has secured an additional Advance Purchase Order (APO) worth approximately ₹2,903 crore from Bharat Sanchar Nigam Limited (BSNL) as part of the state-owned telecom operator’s nationwide 4G rollout.
India to invest ₹85,000 cr in crude tankers, eyes 69% localisation by 2047
May 21, 2025, at 08:51 pm
New Delhi: India is taking decisive steps to strengthen its energy security by building a domestically controlled fleet of crude oil carriers, moving away from its current dependence on ageing, foreign-leased vessels, media reports said.
IndiGo Q4 profit jumps 62% to ₹3,067 cr; FY25 net dips on higher costs despite record revenue
May 21, 2025, at 07:57 pm
Gurugram: InterGlobe Aviation, the operator of low-cost airline IndiGo, posted a 62% year-on-year rise in its consolidated net profit for the fourth quarter of FY25 at ₹3,067 crore, up from ₹1,895 crore in the same period last year. The profit is attributable to the company’s shareholders.
BEL eyes ₹40,000 cr from ‘Project Kusha’, ₹30,000 cr QRSAM order likely this year
May 21, 2025, at 07:47 pm
Bharat Electronics Ltd (BEL) is anticipating a potential order of up to ₹40,000 crore from Project Kusha, an indigenous air defence programme positioned as India’s answer to the Russian S-400 system, media reports said.
May 21, 2025, at 06:04 pm
New Delhi: India is relatively shielded from the adverse impact of US tariffs and global trade turbulence, thanks to strong domestic growth drivers and a low reliance on exports, Moody’s Ratings said in a note on Wednesday.
Linc Ltd reports 11.2% jump in FY25 profit, eyes expansion into broader stationery market
May 21, 2025, at 04:31 pm
Kolkata: Linc Limited on Wednesday reported an 11.2% rise in profit after tax (PAT) to ₹3,804 lakh for the financial year ended March 2025, driven by higher sales in its flagship Pentonic range and stronger traction across e-commerce and modern trade channels.
US rejects 15 mango shipments from India; exporters suffer $500,000 loss
May 20, 2025, at 11:19 pm
New Delhi: At least 15 mango consignments from India have been rejected at various US airports, including Los Angeles, San Francisco, and Atlanta, after American authorities flagged documentation discrepancies, media reports said.
Foxconn commits $1.5 billion to India as Apple ramps up iPhone production shift from China
May 20, 2025, at 08:55 pm
Bengaluru: Foxconn, the primary assembler of Apple iPhones globally, has injected $1.5 billion into its Indian subsidiary, according to The Economic Times.