Schneider Electric to acquire remaining stake in Indian arm from Temasek for €5.5 billion
Aug 01, 2025, at 12:09 am
Schneider Electric will acquire the remaining 35% stake in its Indian subsidiary, Schneider Electric India Pvt Ltd (SEIPL), from Singapore’s Temasek Holdings in an all-cash deal valued at €5.5 billion (approximately ₹55,880 crore), the French industrial technology major said on Wednesday.
Cabinet clears big push for rural lending, food infra, and railway expansion
Jul 31, 2025, at 10:37 pm
New Delhi: In a move to expand access to credit for rural cooperatives, the Union Cabinet on Thursday approved a ₹2,000 crore central sector scheme for the National Cooperative Development Corporation (NCDC).
Priya Nair to be next HUL CEO after Rohit Jawa's 37-yr tenure
Jul 31, 2025, at 09:49 pm
Mumbai: Rohit Jawa, Managing Director and CEO of Hindustan Unilever Ltd (HUL), is stepping down after a remarkable 37-year journey with Unilever, during which he held leadership roles in eight countries, including two of the group’s largest markets — India and China.
Hindustan Unilever Q1 profit up 7.6% YoY to ₹2,732 cr
Jul 31, 2025, at 05:50 pm
Mumbai: Hindustan Unilever Ltd (HUL), the FMCG giant behind brands like Dove and Surf Excel, reported a 7.6% year-on-year (YoY) rise in standalone net profit for the June 2025 quarter (Q1FY26), reaching ₹2,732 crore, compared to ₹2,538 crore in the same period last year, media reports said.
Adani Enterprises Q1 profit halves to ₹734 cr amid weak trade and IRM volatility
Jul 31, 2025, at 05:46 pm
Mumbai: Adani Enterprises Ltd reported a subdued performance for the quarter ended June 2025 (Q1FY26), as earnings were weighed down by reduced trade volumes, heightened index price volatility in its Integrated Resource Management (IRM) segment, and sustained pressure in commercial mining, CNBC TV18 reported.
Why Term Life Insurance is Essential for Single Income Families in India?
Jul 31, 2025, at 03:03 pm
Many Indian households still rely on a single income source to support the family. It could be a salaried employee supporting a homemaker, elderly parents, or the education of children. Basically, the overall prosperity of the family depends on a single source of income. Under such a situation, the sole breadwinner’s untimely death can ruin a family both emotionally and financially. Term life insurance becomes especially important at this juncture.
IndiGo posts ₹2,176 cr Q1FY26 profit despite sector headwinds
Jul 31, 2025, at 01:02 am
Gurugram: IndiGo reported a net profit of ₹2,176 crore for the quarter ended June 30, 2025, marking a resilient performance amid geopolitical tensions, airspace restrictions, and a recent tragic aviation accident in Ahmedabad.
Air New Zealand names Indian origin Nikhil Ravishankar as next CEO
Jul 31, 2025, at 12:02 am
Air New Zealand has appointed Nikhil Ravishankar, its current Chief Digital Officer, as the airline’s next Chief Executive Officer, India Today reported.
No layoffs at Infosys: IT giant’s hiring and upskilling drive offers hope as TCS slashes 12,000 jobs
Jul 30, 2025, at 11:40 pm
In contrast to TCS’s sweeping job cuts, Infosys is taking a different path, as CEO Salil Parekh has made it clear that layoffs are not on the agenda.
LG Energy inks $4.3 bn battery deal amid Tesla’s push to cut China reliance: Report
Jul 30, 2025, at 10:03 pm
South Korea’s LG Energy Solution (LGES) has entered into a $4.3 billion agreement to supply Tesla with batteries for energy storage systems, according to a person with knowledge of the matter, Reuters reported.
Jio Financial board clears ₹15,825 cr fundraise via warrants to bolster expansion plans
Jul 30, 2025, at 09:38 pm
Mumbai: Jio Financial Services Ltd’s board on Wednesday approved a major fundraising initiative that the company had earlier disclosed to stock exchanges on July 26, The Economic Times reported.
Lenskart files for ₹8,000 crore IPO with SEBI
Jul 30, 2025, at 12:09 am
Bengaluru: Lenskart Solutions has filed its draft red herring prospectus (DRHP) with Sebi, setting the stage for one of the largest consumer-tech IPOs this year, which could raise between ₹7,500 crore and ₹8,000 crore, according to Times of India report.
Jul 29, 2025, at 11:49 pm
Mumbai: Bank of India on Monday reported a 32% year-on-year rise in net profit to ₹2,252 crore for the quarter ended June 2025, compared to ₹1,703 crore in the same quarter last year.
IMF lifts India’s FY26 growth forecast to 6.4% on stronger external environment, policy support
Jul 29, 2025, at 11:39 pm
New Delhi: The International Monetary Fund (IMF) on Tuesday raised India’s growth forecast for FY26 to 6.4%, up from its earlier estimate of 6.2% made in April.
Ather Energy inks MoU with Commerce Ministry to back EV startups, deepen clean mobility push
Jul 29, 2025, at 11:28 pm
New Delhi: Electric vehicle maker Ather Energy has signed a memorandum of understanding with the Commerce Ministry to drive faster growth in clean mobility and advanced manufacturing, under the government’s push for domestic manufacturing led by the Startup Policy Forum (SPF), the government said on July 29.
L&T deepens green push with focus on renewables, chips and data centres
Jul 29, 2025, at 10:12 pm
Mumbai: Larsen & Toubro (L&T), the country’s largest engineering and EPC player, said it had stepped up its presence in green-focused verticals spanning infrastructure and renewables.
Jul 29, 2025, at 09:57 pm
New Delhi: Finance minister Nirmala Sitharaman on Monday said in the Lok Sabha that the proposed hike in the foreign direct investment (FDI) ceiling for insurance companies—from the current 74% to 100%—could unlock the sector’s full potential, which is projected to grow at an annual rate of 7.1% over the next five years.
AI Disruption hits India: TCS joins global wave of tech workforce layoffs
Jul 29, 2025, at 04:31 pm
The Artificial Intelligence wave is slowly eliminating several tech jobs with multiple global companies, including Microsoft and Intel, laying off staff in recent months, and now the wave of job cuts has hit India, with Tata Consultancy Services (TCS) planning to remove 12,000 of its global workforce.
Elon Musk's Tesla rival VinFast opens showroom in Surat
Jul 28, 2025, at 06:28 pm
VinFast Auto India, the Indian subsidiary of global Electric Vehicle leader VinFast, announced the inauguration of its showroom in Surat, Gujarat.
Indian IT major TCS to slash 12,000 jobs
Jul 27, 2025, at 06:37 pm
Indian IT giant Tata Consultancy Services (TCS) has announced it will reduce 2 percent of its global workforce over the next year.
Tata Chemicals Q1FY26 net profit rises 81% to ₹316 cr despite weak global demand; revenue dips 2%
Jul 26, 2025, at 12:56 am
Kolkata: Tata Chemicals Ltd on Friday reported a consolidated net profit of ₹316 crore for the quarter ended June 30, 2025 (Q1FY26), up from ₹175 crore a year earlier, supported by lower costs and operational efficiency despite pressure on realisations.
Jul 26, 2025, at 12:49 am
Kolkata: Godrej Enterprises Group’s Aerospace business has secured a manufacturing contract from aircraft engine major Pratt & Whitney to produce complex aerospace components for engine applications, the company announced on Friday.
Jul 26, 2025, at 12:28 am
Kolkata: Malaysia’s share in India’s palm oil imports rose to 35% in the first half of 2025, up from 30% in 2023, backed by price competitiveness, festive restocking, and favourable tariff changes, according to the Malaysian Palm Oil Council (MPOC).
PM Modi to unveil ₹1,030 cr railway projects in Tamil Nadu on Saturday
Jul 25, 2025, at 08:59 pm
Chennai: Prime Minister Narendra Modi will inaugurate several major development projects in Tamil Nadu during his visit to Thoothukudi on Saturday, including key railway electrification and doubling works amounting to ₹1,030 crore.
Jul 25, 2025, at 08:50 pm
Kolkata: Diversified conglomerate ITC Ltd plans to invest ₹20,000 crore over the medium term to scale up its manufacturing presence across sectors, Chairman Sanjiv Puri said on Friday.
Bank of Baroda Q1FY26 net profit steady at ₹4,541 cr; treasury gains lift non-interest income 88%
Jul 25, 2025, at 08:29 pm
Mumbai: Bank of Baroda posted a net profit of ₹4,541 crore in the quarter ended June 2025 (Q1FY26), marking a marginal year-on-year growth of 1.9% from ₹4,458 crore in the same period last year.
Air India posts ₹10,859 cr loss in FY25 despite revenue rise
Jul 25, 2025, at 06:09 pm
Mumbai: Tata group-owned Air India reported a consolidated loss of ₹10,859 crore in FY25, marking a 48% year-on-year surge, despite improved seat occupancy rates and capacity expansion, media reports said.
PayPal International to integrate with India's UPI for cross-border payments
Jul 25, 2025, at 02:36 pm
Expanding broader digital payment facility for Indians, US-based PayPal has unveiled an integrated Unified Payments Interface (UPI) to its ecosystem.
India-UK FTA called a turning point by top industry leaders
Jul 25, 2025, at 01:14 am
New Delhi: Top Indian business leaders on Thursday welcomed the India-UK Free Trade Agreement as a transformative step for bilateral economic relations, calling it a catalyst for global growth, resilient partnerships, and new opportunities across sectors like manufacturing, clean energy, and digital innovation.
China's BYD to roll out first locally assembled EV in Pakistan by mid-2026 amid surging demand
Jul 25, 2025, at 12:10 am
Chinese electric vehicle manufacturer BYD is aiming to launch its first locally assembled car in Pakistan by July or August 2026, as it seeks to tap into the rising demand for electric and plug-in hybrid vehicles in the region, according to a Reuters report.