India’s forex reserves jump $8.31 billion to $686.15 billion
Apr 27, 2025, at 10:52 pm
New Delhi: India's foreign exchange reserves rose by USD 8.310 billion to USD 686.145 billion in the week ending April 18, according to data released by the Reserve Bank of India (RBI).
India's business sentiment holds firm in Q4 FY25; firms signal optimism on demand and hiring: NCAER
Apr 26, 2025, at 12:35 am
New Delhi: India’s business sentiment remained strong in the fourth quarter of FY25, with the NCAER Business Confidence Index (BCI) inching up to 139.3 from 138.4 in the previous quarter, according to the National Council of Applied Economic Research.
Apr 26, 2025, at 12:10 am
Mumbai: Mukesh Ambani-led Reliance Industries Ltd (RIL) posted a consolidated net profit of Rs 22,611 crore for the March 2025 quarter, marking a 6.4 percent year-on-year (YoY) increase, aided by robust performance in digital and retail segments.
Apr 25, 2025, at 11:35 pm
Chennai: Samsung Electronics will invest ₹1,000 crore in its manufacturing unit near Chennai, Tamil Nadu’s industries minister TRB Rajaa said on Friday, weeks after the facility was rocked by worker protests, media reports said.
China considers 125% tariff rollback on select US imports amid economic pressure
Apr 25, 2025, at 10:45 pm
Beijing: China is weighing partial tariff relief for American imports, signalling a potential softening in its approach to the ongoing trade war with the United States.
Apple to shift entire US iPhone assembly to India by 2026 amid tariff tensions with China
Apr 25, 2025, at 09:19 pm
New Delhi: Apple is preparing to relocate the assembly of all iPhones sold in the United States to India by next year, with the full transition expected to be completed by the end of 2026, the Financial Times reported, citing people familiar with the matter.
Canara Robeco Asset Management Company files for IPO: Report
Apr 25, 2025, at 08:49 pm
Mumbai: Canara Robeco Asset Management Company has filed draft papers for an initial public offering (IPO), with both of its shareholders—Canara Bank and ORIX Corporation Europe—set to divest part of their stakes amid a slowdown in India’s IPO market, Reuters reported.
Apr 25, 2025, at 06:13 pm
New Delhi: India is set to make a major contribution to global steel demand, Union Commerce and Industry Minister Piyush Goyal said on Friday, while underscoring the government's efforts to shield the domestic industry from unfair trade practices and irrational pricing, media reports said.
Maruti Suzuki Q4 profit dips 1% YoY, FY25 net up 7.5%; announces highest-ever dividend
Apr 25, 2025, at 05:11 pm
Gurugram: Maruti Suzuki India Limited on Friday reported a 1 percent year-on-year decline in consolidated net profit for the fourth quarter of FY25, according to a Business Standard report.
Air India may buy Boeing 737 MAX jets rejected by Chinese buyers amid US-China trade tensions
Apr 25, 2025, at 04:47 pm
Mumbai: Air India is in preliminary discussions with US aircraft manufacturer Boeing to purchase about 10 737 MAX jets, Reuters reported citing two individuals with knowledge of the matter.
Axis Bank posts flat Q4 profit at ₹7,117 cr; NII grows 6% to ₹13,811 cr
Apr 24, 2025, at 11:57 pm
Mumbai: Axis Bank on Thursday reported a marginal dip in its consolidated net profit at ₹7,117 crore for the fourth quarter of FY25, compared to ₹7,130 crore in the corresponding period last year.
Trump-era tariffs may dent India’s GDP by up to 0.2-0.5%, says finance secretary Ajay Seth
Apr 24, 2025, at 11:41 pm
Washington, D.C.: India’s Finance Secretary Ajay Seth on Wednesday said that U.S. tariffs imposed under President Donald Trump’s administration could reduce India’s GDP growth by 0.2 to 0.5 percentage points, Reuters reported.
HUL Q4 profit dips 3.7%, but dividend cheer lifts sentiment with ₹53 per share payout
Apr 24, 2025, at 10:48 pm
New Delhi: Hindustan Unilever Ltd (HUL) posted a mixed bag of Q4 FY25 results, with subdued earnings but a standout show of shareholder generosity through an impressive dividend payout.
NTPC Green Energy awards 378 MW wind project to Suzlon
Apr 23, 2025, at 08:42 pm
Pune: Indian multinational wind turbine manufacturer Suzlon has secured a 378 MW wind energy project from NTPC Green Energy Ltd. (NGEL).
BluSmart’s abrupt shutdown hits Tata, Citroën hard
Apr 23, 2025, at 08:27 pm
Tata Motors and French automaker Citroën are facing a major setback following the abrupt suspension of operations by BluSmart, India’s largest all-electric fleet operator, according to a Financial Express report.
LG Electronics pauses India IPO plans amid market volatility
Apr 23, 2025, at 05:36 pm
Mumbai: South Korea's LG Electronics has put the brakes on the planned initial public offering (IPO) of its Indian subsidiary, citing ongoing turbulence in equity markets, Bloomberg reported on Wednesday, quoting sources familiar with the development.
Apr 23, 2025, at 04:39 pm
Tesla’s Chief Financial Officer Vaibhav Taneja said the electric carmaker is still deliberating the right time to enter the Indian market, citing concerns over the country’s steep 100 per cent import duty, which is making potential buyers uneasy about high prices.
Gold price hits historic Rs 1 lakh milestone
Apr 22, 2025, at 02:14 pm
Gold prices in India crossed the Rs. 1 lakh mark in the retail market on Tuesday, triggering excitement among investors.
Apr 21, 2025, at 09:56 pm
Kolkata/IBNS: JSW Energy Limited, a leading private-sector power producer in India and a part of the $24 billion JSW Group, Monday commenced construction of its 1,600 MW (2x800 MW) ultra supercritical thermal power plant in West Bengal's Salboni.
India must create 8–10 million jobs annually: PM’s Principal Secretary P K Mishra
Apr 20, 2025, at 06:10 pm
Sambalpur (Odisha): P K Mishra, Principal Secretary to the Prime Minister, on Saturday stressed the urgency of creating 8 to 10 million jobs annually in India, media reports said.
India’s automobile exports jump 19% in FY25, cross 53 lakh units on robust global demand
Apr 20, 2025, at 05:32 pm
New Delhi: India’s automobile exports rose 19% year-on-year in the 2024-25 fiscal, reaching 53.63 lakh units (53,63,089), up from 45 lakh units (45,00,494) in FY24.
Indian govt denies plans to levy GST on UPI transactions above ₹2,000
Apr 18, 2025, at 11:42 pm
New Delhi: The government on Friday firmly denied reports suggesting it plans to impose Goods and Services Tax (GST) on Unified Payments Interface (UPI) transactions exceeding ₹2,000, describing such claims as “false, misleading, and baseless.”
Nothing Technology exploring export growth from India: CEO Carl Pei amid Trump tariffs
Apr 18, 2025, at 10:59 pm
British smartphone manufacturer Nothing Technology is looking into increasing exports from India to navigate the uncertainty surrounding “Trump tariffs” and shifting global trade dynamics, media reports said.
India eyes US firms exiting China as Trump’s tariffs reshape global trade: Report
Apr 18, 2025, at 09:27 pm
New Delhi: India is making a concerted push to lure US companies relocating their manufacturing bases out of China, as steep tariffs imposed by President Donald Trump have made production in the country significantly more expensive, according to a report by The Economic Times.
India-made electronics gaining global trust, says IT minister Vaishnaw
Apr 18, 2025, at 08:32 pm
Manesar (Haryana): Union IT Minister Ashwini Vaishnaw on Friday said India’s growing reliability in electronics manufacturing and strengthened commitment to intellectual property rights are earning global recognition and creating new opportunities for manufacturers, designers, and young talent, according to an ANI report.
Apr 18, 2025, at 06:50 pm
New Delhi: Electric cab aggregator BluSmart remained offline on Thursday across Delhi-NCR, Bengaluru, and Mumbai after market regulator SEBI took enforcement action against one of its co-founders over alleged fund misuse at an associated company.
Narayana Murthy’s 17-month-old grandson earns ₹3.3 cr in dividend from Infosys shares
Apr 18, 2025, at 05:53 pm
Bengaluru: At just 17 months old, Ekagrah Rohan Murty — grandson of Infosys co-founder Narayana Murthy — has emerged as one of India’s youngest millionaires, media reports said.
ITC signs agreement to acquire ayurvedic-baby care brand Mother Sparsh
Apr 17, 2025, at 11:51 pm
ITC Limited has signed definitive agreements to acquire the balance 73.5% stake in Mother Sparsh Baby Care Private Limited, an associate company, operating in the premium ayurvedic and natural baby care space.
Jio Financial Q4 net profit inches up 1.8% to ₹316 cr; AUM tops ₹10,000 cr
Apr 17, 2025, at 10:59 pm
Mumbai: Jio Financial Services Ltd posted a consolidated net profit of ₹316.11 crore for the March quarter, a marginal increase of 1.8% over ₹311 crore reported in the same period last year.
Infosys Q4 net profit drops 12% YoY to ₹7,033 crore; revenue grows nearly 8%
Apr 17, 2025, at 10:07 pm
New Delhi: IT services giant Infosys on Thursday reported a 12% year-on-year (YoY) decline in net profit to ₹7,033 crore for the quarter ended March 2025 (Q4FY25), even as revenue rose 7.9% YoY to ₹40,928 crore, the company said in an exchange filing.