India will overtake Japan to become world's third largest economy this year, shows IMF data
May 06, 2025, at 05:16 pm
India is set to overtake Japan as the fourth-largest economy in the world in 2025, as per the latest data shared by the International Monetary Fund (IMF).
Shell, Reliance, ONGC complete India’s first offshore facilities decommissioning project
May 05, 2025, at 10:47 pm
New Delhi/IBNS: In a landmark achievement for India’s energy sector, the Panna-Mukta and Tapti (PMT) joint venture partners - Shell, Reliance Industries Limited (RIL), and Oil and Natural Gas Corporation Limited (ONGC) have completed the country’s first offshore facilities decommissioning project with the safe removal of mid and south Tapti field facilities.
Meet Greg Abel who will succeed Warren Buffett as Berkshire Hathaway CEO
May 05, 2025, at 07:36 pm
Legendary investor Warren Buffett, 94, officially stepped down as CEO of Berkshire Hathaway after more than six decades at the helm of the conglomerate.
Bandhan Bank Q4FY25 net profit jumps 482% to Rs 318 cr; full-year profit rises 23%
May 04, 2025, at 11:18 pm
Kolkata: Bandhan Bank on Wednesday reported a 482 percent surge in net profit to ₹317.90 crore for the January–March quarter (Q4FY25), buoyed by a sharp drop in provisions and contingencies, despite muted revenue and interest income. In the corresponding quarter last year, net profit stood at ₹54.62 crore.
India recalls Krishnamurthy Subramanian from IMF six months before term end
May 04, 2025, at 01:21 am
New Delhi: The Indian government has abruptly ended the tenure of Dr Krishnamurthy Subramanian as Executive Director representing India at the International Monetary Fund (IMF), effective immediately.
India’s forex reserves rise for 8th straight week, up nearly $2 billion to $688.13 billion
May 02, 2025, at 11:22 pm
New Delhi: India’s foreign exchange reserves rose for the eighth week in a row, climbing by $1.98 billion to reach $688.13 billion for the week ended April 25, according to the Reserve Bank of India.
₹2,000 notes worth ₹6,266 cr still in circulation 2 yrs after withdrawal: RBI
May 02, 2025, at 11:10 pm
Mumbai: Two years after the Reserve Bank of India (RBI) announced the withdrawal of ₹2,000 denomination banknotes, currency worth ₹6,266 crore remains in circulation, according to the latest official figures.
SEBI accuses Pranav Adani of insider trading in Adani Green’s $3.5 bn SB Energy deal: Report
May 02, 2025, at 10:59 pm
Mumbai: India’s markets regulator has accused Pranav Adani, a director in several Adani Group companies and nephew of Gautam Adani, of violating insider trading regulations by sharing sensitive information related to Adani Green’s $3.5 billion acquisition of SB Energy in 2021, Reuters reported.
India, Denmark renew energy partnership to support 2070 net-zero target
May 02, 2025, at 09:16 pm
New Delhi: India and Denmark on Friday signed a renewed Memorandum of Understanding (MoU) to bolster cooperation in the energy sector, reinforcing their commitment to clean energy transitions and supporting India’s target of achieving net-zero emissions by 2070.
India’s exports hit record $825 bn in FY25, led by robust services growth
May 02, 2025, at 08:48 pm
New Delhi: India’s total exports rose 6.01 per cent year-on-year to an all-time high of $824.9 billion in 2024–25, according to the latest services trade data released by the Reserve Bank of India.
IOB Q4FY25 profit jumps 30% to ₹1,051 cr as bad loans ease, interest income rises
May 02, 2025, at 06:19 pm
Mumbai: State-owned Indian Overseas Bank (IOB) on Friday posted a 30 percent year-on-year rise in its net profit for the March quarter, coming in at ₹1,051 crore, aided by a decline in non-performing assets and higher interest income.
May 02, 2025, at 06:12 pm
New Delhi: India’s manufacturing sector reached a 10-month high in April 2025, Business Standard reported, citing S&P Global data released on Friday.
Federal Bank Q4 net profit rises 13.7% YoY to ₹1,030 cr; FY25 profit crosses ₹4,000 cr mark
Apr 30, 2025, at 11:20 pm
Kolkata: Federal Bank on Wednesday reported a consolidated net profit of ₹1,030.23 crore for the quarter ended March 31, 2025, marking a 13.67% year-on-year rise.
US economy shrinks for first time in over two years as imports surge ahead of new tariffs
Apr 30, 2025, at 10:38 pm
Washington DC: The US economy contracted in the first quarter of 2025, marking its first decline since the pandemic recovery began, as a sharp jump in imports ahead of impending tariffs and slower consumer spending weighed on growth.
Bank of India to raise ₹5,000 crore via bonds in FY26; secures $400 million in dollar loan
Apr 30, 2025, at 09:18 pm
Mumbai: Bank of India’s board has approved raising up to ₹5,000 crore in capital during FY2025-26 by issuing Basel-III compliant bonds, comprising ₹2,500 crore each in Tier-I and Tier-II instruments, the lender said in a stock exchange filing on Wednesday.
Mukesh Ambani rejoins $100 billion club as Reliance shares rally post-Q4 earnings
Apr 30, 2025, at 08:44 pm
Mumbai: Mukesh Ambani has once again crossed the $100 billion mark in net worth, as per Forbes Real-Time Billionaires rankings, media reports said.
Rakuten to invest over $100 million in India, expand workforce by 8% in 2025
Apr 30, 2025, at 06:00 pm
New Delhi: Japanese internet major Rakuten plans to invest at least $100 million in India this year and increase its workforce by 8% as it looks to bolster global operations from its key tech hub in the country, a top executive told Reuters.
Indian Oil Q4 profit surges 50% YoY to ₹7,265 cr; board recommends ₹3 final dividend
Apr 30, 2025, at 05:54 pm
Mumbai: State-owned Indian Oil Corporation (IOC) reported a net profit of ₹7,264.85 crore for the quarter ended March 2025, marking a 50% increase from ₹4,837.69 crore in the same period last year.
ATM charges to rise from May 1; RBI limits free transactions
Apr 30, 2025, at 04:54 pm
Mumbai: Starting May 1, 2025, new rules set by the Reserve Bank of India (RBI) will revise the number of free ATM transactions customers are entitled to each month, and increase the maximum fee banks can charge once that limit is exceeded.
Srijan Realty and Primus Senior Living introduces multi-generational community
Apr 30, 2025, at 04:33 pm
Kolkata/IBNS: A collaboration of Srijan Realty and Primus Senior Living earlier this month presented an idea of a fully managed, purpose built, multi-generational senior living community set within Srijan Ganga City.
Ambuja Cements Q4 profit drops 9% YoY, slumps over 50% sequentially despite revenue growth
Apr 29, 2025, at 11:28 pm
Mumbai: Ambuja Cements, part of the Adani Group, reported a 9% year-on-year decline in consolidated net profit for the fourth quarter of FY25, with earnings slipping to ₹956.27 crore from ₹1,050.58 crore a year earlier.
Foxconn revenue in India doubles to over $20 billion on iPhone boost, headcount rises 65%: Report
Apr 29, 2025, at 11:03 pm
Bengaluru: Taiwanese electronics manufacturing giant Foxconn is said to have more than doubled its revenue from India to over $20 billion (around ₹1.7 lakh crore) in the financial year 2024–25, fuelled by a surge in iPhone production, according to people familiar with the matter.
Adani Green says independent review found no regulatory breach in bribery-linked US case
Apr 29, 2025, at 09:50 pm
Mumbai: Adani Green Energy has said an independent evaluation of its regulatory compliances in connection with an allegation of non-compliance based on which a US court indicted Adani Group Chairman Gautam Adani and two other officials of the company, did not find irregularities on the matter, PTI reported
BPCL Q4 profit drops 8% to ₹4,391 crore; LPG losses cross ₹10,400 crore in FY25
Apr 29, 2025, at 06:33 pm
Bharat Petroleum Corporation Ltd (BPCL) posted a standalone net profit of ₹4,391 crore for the January–March quarter (Q4 FY25), marking an 8% decline compared to the same period last year. The company attributed the hit to substantial losses from selling domestic liquefied petroleum gas (LPG) below cost.
Apr 29, 2025, at 06:27 pm
New Delhi: India is considering easing foreign direct investment (FDI) norms to permit Chinese companies to own up to 26% equity in joint ventures in specific, critical electronic components, while retaining a tighter 10% cap for most other segments, according to a Moneycontrol.com report.
How an Interest Rate Calculator Helps Manage Borrowings and Reduce Loan Stress
Apr 29, 2025, at 04:57 pm
Taking out a personal loan is often an important financial decision. Whether you're planning to renovate your home, fund a big purchase, or cover an emergency expense, understanding the cost of borrowing is essential to ensuring your financial stability. One of the best tools you can use to navigate loan repayments and reduce stress is an interest rate calculator. This handy tool helps you determine the amount of interest you'll be paying on your loan and plan your repayments effectively.
UCO Bank Q4 net profit rises 24% to ₹652 crore; FY25 net profit grows 48%
Apr 28, 2025, at 08:54 pm
Kolkata: UCO Bank reported a net profit of ₹652 crore for the quarter ended March 31, 2025, registering a 23.98% year-on-year (YoY) growth compared to ₹526 crore in the same period last year.
Smart Borrowing: Plan Your Finances Effortlessly with the L&T Finance Personal Loan EMI Calculator
Apr 28, 2025, at 02:33 pm
Managing your finances while planning for big expenses can be tricky. You may want to renovate your home, fund your child’s education, or cover medical bills without disturbing your savings. A Personal Loan often becomes the go-to solution in such cases.
Term Insurance Adoption Among Women in India Increases to 18%
Apr 28, 2025, at 02:19 pm
In recent years, India has witnessed a significant rise in the adoption of term insurance among women, reaching 18%. This increase marks a positive shift in financial awareness and security planning for women across different demographics. Term insurance, a crucial financial tool, provides life coverage at affordable rates, ensuring financial stability for the policyholder's dependents. The growing adoption is influenced by multiple factors, including increased workforce participation, rising financial literacy, and evolving societal norms. This article explores the key drivers behind this growth, the role of savings plans, and the overall impact on financial security for women in India.
Why Second-Hand Car Loans Are a Smart Move for Budget Buyers?
Apr 28, 2025, at 01:59 pm
Buying a car is a significant decision that requires substantial funds, which is why many prefer opting for a pre-owned car. However, using your savings isn't the only option—you can consider financing it with a Second-Hand Car Loan. These loans help you get funds quickly at competitive interest rates. Read this blog to know more about how such a loan can be a smart move for buyers who are on a budget.