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.
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.
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.
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.
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.