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.
RIL, BP and Niko move SC against Delhi HC order quashing ₹12,800 cr arbitration award
May 20, 2025, at 04:05 pm
Reliance Industries Limited (RIL), along with its partners British Petroleum (BP) and Niko, has approached the Supreme Court to contest a Delhi High Court order that annulled an arbitration award of ₹12,800 crore granted in their favour.
5 Steps to Build a Winning IPO Investment Strategy in 2025
May 20, 2025, at 03:39 pm
The Indian IPO market is buzzing with excitement in 2025, with several companies across tech, manufacturing, and fintech preparing to go public. For investors, especially first-timers, participating in an upcoming IPO can be both thrilling and rewarding — if approached with a sound IPO investment strategy.
India imposes port curbs on imports from Bangladesh in tit-for-tat move over trade restrictions
May 17, 2025, at 11:55 pm
New Delhi: India on Saturday imposed port restrictions on the import of select goods from Bangladesh—such as readymade garments and processed food items, mirroring similar trade curbs enforced by Dhaka last month on Indian exports.
May 16, 2025, at 07:45 pm
New Delhi: Air India has urged the government to halt IndiGo’s aircraft leasing partnership with Turkish Airlines, citing security concerns, Reuters reported.
Hyundai India Q4FY25 profit dips 4% YoY, FY25 bottom line slips 7.7%
May 16, 2025, at 05:16 pm
Mumbai: Hyundai Motor India, the country's second-largest carmaker, posted a 4 percent year-on-year (YoY) decline in standalone net profit for the fourth quarter of FY25.
New UN report shows more than 60 per cent Arab world still outside banking system
May 16, 2025, at 02:48 pm
A new report from the UN Economic and Social Commission in Western Asia (UNESCWA) published on Thursday showed nearly 64 per cent of adults in the 22 countries in the Arab region are still without an account – or “unbanked” – a higher number than all other regions of the world and significantly higher than the 24 per cent global average.
Lassoing the Beast of Attrition: A Data-Driven Approach
May 15, 2025, at 05:55 pm
The age-old proverb, “There is no point in closing the door after the horse has bolted,” aptly describes the persistent challenge of employee attrition. For as long as businesses have existed, employees have come and gone, making retention an ongoing concern for organizations. Beyond the immediate loss of talent and institutional knowledge, attrition presents the costly and time-consuming challenge of finding suitable replacements. The recruitment process is often uncertain — a roll of the dice with no guarantees.
Step-up SIP strategy: How to adjust your sip for higher returns
May 15, 2025, at 05:42 pm
When investing in mutual funds, a step-up Systematic Investment Plan (SIP) is an excellent and convenient way to boost your returns in the long run. Unlike a regular SIP, a step-up SIP allows you to increase your investment amount annually, helping you stay aligned with your growing income and long-term financial goals.
ISB forms panel to review Krishnamurthy Subramanian’s role after early IMF exit: Report
May 15, 2025, at 05:17 pm
Hyderabad: The Indian School of Business (ISB) has constituted a committee to evaluate the role of Krishnamurthy Subramanian, who serves as a professor of finance at its Hyderabad campus, Mint reported.
May 14, 2025, at 11:39 pm
Union Minister for Electronics & Information Technology and Railways Ashwini Vaishnaw inaugurated two new advanced facilities of Renesas Electronics India Private Limited, located in Noida and Bengaluru, on Wednesday.
Piyush Goyal to visit U.S. on May 16 to push for trade deal amid tariff pause
May 14, 2025, at 11:05 pm
New Delhi: Commerce and Industry Minister Piyush Goyal will lead a high-level trade delegation to the United States from May 16, as India and the U.S. intensify efforts to clinch a bilateral trade agreement, Reuters reported.
Tata Power Q4 net profit up 25%; FY25 led by renewables, discoms and TP Solar
May 14, 2025, at 09:59 pm
Mumbai: Tata Power Company Ltd (TPCL) reported a consolidated net profit of ₹1,306.09 crore for the fourth quarter of FY25, a 24.91% increase from the same period last year.
Union Cabinet approves Rs.3,700 crore semiconductor plant in Uttar Pradesh
May 14, 2025, at 04:24 pm
The Union Cabinet on Wednesday approved the setting up of a Rs.3,700 crore semiconductor manufacturing facility close to Uttar Pradesh's Jewar town.