India's forex reserves rise by $5.5 billion to $629.55 billion
Jan 31, 2025, at 08:02 pm
Mumbai: India's foreign exchange reserves rose by $5.5 billion, reaching $629.55 billion as of the week ending January 24, 2025, according to data from the Reserve Bank of India (RBI).
India’s manufacturing share on the rise, but still far behind China: Economic Survey 2024-25
Jan 31, 2025, at 07:46 pm
New Delhi: India's contribution to global manufacturing is currently only a tenth of China's, but the gap is narrowing, NDTV Profit reported, citing the Economic Survey 2024-25.
India's July-Nov 2024 capex growth shows strong focus on defence, railways, roads: Economic Survey
Jan 31, 2025, at 06:43 pm
New Delhi: From July to November 2024, India's government capital expenditure (capex) rose by 8.2%, with sectors like defence, railways, and road transport making up 75% of the total outlay, according to the Economic Survey 2024-25 released on Friday.
Jan 31, 2025, at 06:30 pm
The Economic Survey tabled in the Indian Parliament on Friday said the Union Government‘s capital expenditure on key infrastructure sectors has grown at a rate of 38.8 per cent from 2019-20 to 2023-24.
India’s fiscal deficit reaches Rs 9.14 trillion in Apr-Dec, 56.7% of annual target
Jan 31, 2025, at 06:21 pm
New Delhi: India’s fiscal deficit for April-December stood at Rs 9.14 trillion ($105.58 billion), accounting for 56.7% of the annual target, according to government data released on Friday.
Indian service sector grew at 8.3 percent from FY 23 to FY 25: Economic Survey
Jan 31, 2025, at 06:19 pm
Acknowledging the importance of the Service Sector, it has been termed as ‘Old War Horse’ in the Economic Survey 2024-25 tabled in the Parliament today by Union Minister of Finance and Corporate Affairs Nirmala Sitharaman.
Economic Survey urges Indian states to focus on business reforms
Jan 31, 2025, at 05:29 pm
The degree of industrialization varies across states, with some being better positioned to leverage their industrial sectors to generate higher income levels for their populations, says the Economic Survey 2024-25 tabled in Parliament by Union Minister of Finance and Corporate Affairs Nirmala Sitharaman on Friday.
Jan 31, 2025, at 05:12 pm
The Indian Economic Survey, which was tabled in the Parliament on Friday, said Artificial Intelligence (AI) promises to usher in a new age but at the same time, it can result in large-scale labour displacement, especially at the middle and lower quartiles of the wage distribution.
Jan 31, 2025, at 04:35 pm
India’s external sector continues to display resilience amidst global headwinds of economic and trade policy uncertainties, states the Economic Survey 2024-25 tabled in the Parliament on Friday by Union Minister for Finance and Corporate Affairs Nirmala Sitharaman.
Economic Survey calls for enhanced deregulation for MSMEs
Jan 31, 2025, at 04:32 pm
The Economic Survey, tabled by Union Minister of Finance and Corporate Affairs Nirmala Sitharaman, says that by reducing excessive regulatory burdens, governments can help businesses become more efficient, reduce costs, and unlock new growth opportunities.
Jan 31, 2025, at 02:21 pm
The Economic Survey 2024-25 estimates that India's GDP growth for the financial year 2025-26 (FY26) is expected to be between 6.3% and 6.8%.
Jan 31, 2025, at 12:30 pm
New Delhi: Finance Minister Nirmala Sitharaman will present Union Budget 2025, which will be the second full budget of Narendra Modi-led NDA government after assuming power in June 2024.
Larsen & Toubro Q3FY25 net profit grows 13.9% YoY to Rs 3,359 cr, secures record orders
Jan 30, 2025, at 08:30 pm
Mumbai: Larsen & Toubro (L&T) announced a consolidated net profit of Rs 3,359 crore for Q3FY25, reflecting a 13.9% increase from Rs 2,947.36 crore in the same period last year, media reports said.
Bank of Baroda Q3FY25 net profit grows 5.6% YoY to Rs 4,837 cr
Jan 30, 2025, at 08:21 pm
Mumbai: Bank of Baroda (BoB) on Thursday reported a net profit of Rs 4,837 crore for the third quarter of FY25, reflecting a 5.6% year-on-year (YoY) growth.
Jan 30, 2025, at 02:31 pm
Clinical data management companies play a crucial role in the healthcare sector by ensuring the accurate collection, validation, and analysis of clinical trial data. Their work enhances research efficiency, accelerates drug development, and supports regulatory compliance, ultimately improving patient outcomes and fostering medical innovation.
Here's why savvy drivers choose Auto Approve to refinance their vehicle.
Jan 30, 2025, at 02:13 pm
United States- If you’ve been thinking about refinancing your vehicle, you probably know about some of the benefits. An auto refinance can mean getting a better rate on a loan or lowering your monthly payments.
Labour Ministry launches Occupational Shortage Index, multilingual e-Shram microsite
Jan 29, 2025, at 10:15 pm
New Delhi: The Ministry of Labour and Employment on Wednesday introduced the Occupational Shortage Index (OSI) to bridge skill gaps and improve employment outcomes by aligning workforce supply with industry demand.
Vedanta Resources appoints Deshnee Naidoo as CEO amid demerger plans
Jan 29, 2025, at 10:05 pm
Vedanta Resources Ltd (VRL), the parent company of Mumbai-based mining conglomerate Vedanta Ltd, has appointed Deshnee Naidoo as its first Chief Executive Officer (CEO) to lead the firm’s next phase of growth, PTI reported.
Tata Steel becomes India’s 1st steel company to develop steel pipes for transportation of hydrogen
Jan 29, 2025, at 09:28 pm
Mumbai: Tata Steel has become India's first company to achieve end-to-end capabilities to develop pipes for the transportation of hydrogen, the company said in a press release.
Elon Musk’s X launches ‘X Money’ with Visa
Jan 29, 2025, at 09:04 pm
Elon Musk’s social media platform X has introduced its digital wallet and peer-to-peer payment service, ‘X Money,’ in collaboration with Visa.
Ambuja Cement’s Q3 profit surges 242% YoY; announces Orient Cement acquisition plan
Jan 29, 2025, at 08:47 pm
Mumbai: Ambuja Cement, a part of the Adani Group, said its Q3FY25 net profit soared 242% year-on-year (YoY) to Rs 1,758.03 crore from Rs 513.68 crore in the corresponding period last year, media reports said.
Tata Motors Q3FY25 profit declines 22% to Rs 5,451 cr
Jan 29, 2025, at 07:42 pm
Mumbai: Tata Motors reported a 22% year-on-year (YoY) decline in its third-quarter profit on Wednesday as weak performance in both its Jaguar Land Rover (JLR) and domestic car segments weighed on earnings, Reuters reported.
Maruti Suzuki Q3FY25 sales rise to 4.67 lakh units; exports jump 38%
Jan 29, 2025, at 05:09 pm
Mumbai: India’s largest carmaker Maruti Suzuki India Limited (MSIL) reported an increase in domestic sales, reaching 4,66,993 units in the third quarter (Q3) of 2024-25, up from 4,29,422 units in the same period last year, Business Standard reported.
Adani Power Q3FY25 profit rises 11.7% to Rs 3,057 cr; board approves Rs 5,000 crore fundraise
Jan 29, 2025, at 04:51 pm
Mumbai: Adani Power on Wednesday reported an 11.7% increase in its consolidated net profit, reaching Rs 3,057.21 crore for the third quarter (Q3) of the financial year 2024-25 (FY25), compared to Rs 2,737.96 crore in the same period last year.
Jan 28, 2025, at 10:00 pm
Mumbai: Federal Bank reported a 5% decline in net profit to Rs 955 crore for the third quarter ended December 30, 2024, compared to Rs 1,007 crore in the same period last year, The Economic Times reported.
JSW Infrastructure Q3FY25 profit rises 32% to Rs 336 cr; cargo volumes and income drive growth
Jan 28, 2025, at 09:37 pm
Mumbai: JSW Infrastructure reported a 32.35% increase in consolidated net profit for the December quarter, reaching Rs 335.62 crore, driven by higher income.
RBI announces measures to boost liquidity in banking system
Jan 28, 2025, at 06:04 pm
Mumbai: The Reserve Bank of India (RBI), announced a series of initiatives on Monday to ease liquidity pressures in the banking system, including government bond purchases and a dollar/rupee swap auction, Reuters reported.
Sri Lanka asks Adani to lower tariff in $442 million wind power projects amid scrutiny
Jan 28, 2025, at 05:40 pm
The Sri Lankan government has initiated discussions with India's Adani Group to reduce power tariffs for two wind power projects planned in the island nation’s northern province, Cabinet Spokesman and Health and Media Minister Nalinda Jayatissa said on Tuesday, reported Reuters.
Jan 28, 2025, at 05:36 pm
Kolkata: State-owned Coal India Ltd (CIL) announced a 17% year-on-year decline in consolidated net profit for the third quarter (Q3) of the financial year 2024-25 (FY25), posting Rs 8,505.57 crore compared to Rs 10,253.48 crore in the same period last year, PTI reported.
Hyundai Motor Q3FY25 PAT falls 19% to Rs 1,161 cr; revenue slightly declines
Jan 28, 2025, at 05:33 pm
Mumbai: Hyundai Motor Company announced on Tuesday that its consolidated profit after tax (PAT) fell by 19% to Rs 1,161 crore for the third quarter ending December 31, 2024, media reports said.