Nestle India Q1FY26 profit drops 13.4% YoY to Rs 647 crore; revenue up 6%, Manish Tiwary named CMD
Jul 25, 2025, at 12:07 am
Mumbai: Nestle India, which makes products like Maggie and EveryDay dairy whitener among other popular packaged food items, on Thursday posted a 13.4% year-on-year decline in its consolidated net profit for the first quarter of FY26, with profit after tax falling to Rs 647 crore from Rs 747 crore in the corresponding period last year.
Airbus, Rolls Royce among 26 UK firms to clinch deals as India-UK FTA opens
Jul 24, 2025, at 11:59 pm
London: European aerospace major Airbus and British luxury carmaker Rolls Royce are among 26 UK-based firms to have secured high-value business deals following the signing of the India-UK Free Trade Agreement (FTA) on Thursday afternoon, media reports said.
Adani Enterprises, MetTube form 50:50 JV to localise copper tube production, cut imports
Jul 24, 2025, at 10:05 pm
Mumbai: Billionaire Gautam Adani-led Adani Enterprises Ltd (AEL) on Thursday announced it has signed a share purchase agreement (SPA) and shareholders agreement (SHA) with MetTube Mauritius Private Limited (MetTube) to establish a 50:50 joint venture in the copper tubes segment, CNBCTV18 reported.
Jul 24, 2025, at 06:09 pm
London: Prime Minister Narendra Modi and his British counterpart, Keir Starmer, signed the long-awaited India-UK Free Trade Agreement (FTA) on Thursday, opening the door to significant trade and investment gains for both nations.
Maruti Suzuki, DPIIT team up to back startups in mobility and manufacturing
Jul 23, 2025, at 09:27 pm
New Delhi: Maruti Suzuki India has entered into a Memorandum of Understanding (MoU) with the Department for Promotion of Industry and Internal Trade (DPIIT) to promote startups focused on automobile manufacturing and mobility solutions, media reports said.
Tata Consumer’s Q1 profit rises 15% YoY to ₹334 cr; India business leads growth
Jul 23, 2025, at 08:46 pm
Mumbai: Tata Consumer Products Ltd reported a 15% year-on-year (YoY) rise in net profit to ₹334 crore for the June quarter, CNBC-TV18 reported, adding that this performance was slightly ahead of its estimate of ₹330 crore.
Dr. Reddy’s Q1FY26 profit up 2% YoY ₹1,418 cr; price erosion in US generics weighs on margins
Jul 23, 2025, at 08:43 pm
Mumbai: Dr. Reddy's Laboratories posted a 2% year-on-year rise in consolidated net profit to ₹1,418 crore for the quarter ended June, The Economic Times reported.
Tata Capital eyes higher valuation in IPO, updated prospectus likely this week: Report
Jul 23, 2025, at 08:37 pm
Mumbai: Tata Capital Ltd. is aiming for a valuation between $18 billion and $20 billion in its upcoming initial public offering, significantly higher than its earlier target of around $11 billion, Bloomberg reported.
ADB trims India’s FY25 growth forecast to 6.5% as policy uncertainty, US tariffs hit exports
Jul 23, 2025, at 05:56 pm
New Delhi: India’s economy is expected to grow at 6.5 percent in FY2025, slightly below the 6.7 percent projected earlier in April, the Asian Development Bank said in its July 23 update, citing policy uncertainty and rising US tariffs as drags on exports and investment.
ED files ₹1,654 cr FEMA case against Myntra for alleged FDI violations
Jul 23, 2025, at 05:52 pm
Bengaluru: The Enforcement Directorate has initiated a ₹1,654 crore case under the Foreign Exchange Management Act (FEMA) against Myntra Designs Pvt Ltd and its affiliated entities for allegedly breaching foreign direct investment (FDI) regulations, media reports said.
Infosys Q1FY26 net profit rises 8.7% YoY to ₹6,921 cr
Jul 23, 2025, at 05:47 pm
Bengaluru: Infosys reported a consolidated net profit of ₹6,921 crore for the quarter ended June 30, 2025, marking an 8.7% year-on-year increase and exceeding analyst estimates, Moneycontrol reported.
PLI scheme helps cut pharma raw material imports by ₹1,362 cr: Govt to Rajya Sabha
Jul 23, 2025, at 12:41 am
New Delhi: Imports of pharmaceutical raw materials worth ₹1,362 crore were avoided by March 2025 due to domestic production of 25 identified items under the production-linked incentive (PLI) scheme for bulk drugs, the government informed Parliament on Tuesday.
Kirloskar Pneumatic Q1FY26 profit edges up 4% despite flat revenue; strong order book lends momentum
Jul 23, 2025, at 12:16 am
Pune: Kirloskar Pneumatic Company Ltd (KPCL) posted a 4% year-on-year rise in net profit for the quarter ended June 30, 2025, with profit after tax increasing to ₹28.1 crore from ₹26.9 crore a year ago, even as revenue remained flat.
Gita Gopinath to step down as IMF deputy chief, return to Harvard in August
Jul 22, 2025, at 11:49 pm
Washington, D.C.: Gita Gopinath, the second-ranking official at the International Monetary Fund (IMF), will step down from her post at the end of August to resume her academic career at Harvard University, Reuters reported, citing an IMF statement on Monday.
Jindal Steel & Power renamed as Jindal Steel Ltd after govt approval
Jul 22, 2025, at 09:38 pm
New Delhi: Jindal Steel and Power (JSPL) has officially changed its name to Jindal Steel Ltd, following government approval, the company said in an exchange filing on Tuesday, PTI reported.
Ex-ICICI Bank CEO Chanda Kochhar found guilty of accepting ₹64 cr bribe for approving Videocon loan
Jul 22, 2025, at 09:34 pm
Mumbai: Former ICICI Bank CEO and managing director Chanda Kochhar has been found guilty of accepting a ₹64 crore bribe in exchange for approving a ₹300 crore loan to the Videocon Group, The Times of India reported.
Jul 22, 2025, at 08:44 pm
New Delhi: The State Bank of India (SBI) has once again classified Reliance Communications (RCom) and its promoter director Anil D Ambani as 'fraud', and is currently in the process of filing a complaint with the Central Bureau of Investigation (CBI), the government informed Parliament on Monday, reported PTI.
AstraZeneca to invest $50 billion in US, build largest factory in Virginia amid Trump tariff threats
Jul 22, 2025, at 08:40 pm
British pharmaceutical major AstraZeneca on Tuesday unveiled a $50 billion investment plan in the United States, which includes setting up a multi-billion-dollar manufacturing facility in Virginia—its largest single investment in manufacturing to date, according to media reports.
India, Kuwait expand aviation pact by 50 percent
Jul 22, 2025, at 04:49 pm
India and Kuwait have signed a new air service agreement in their bid to increase weekly capacity between the two nations by 50 percent, media reports said.
PNB Housing Q1FY26 net profit rises 23% YoY to ₹534 cr; affordable housing portfolio surges 143%
Jul 21, 2025, at 09:37 pm
Kolkata: PNB Housing Finance reported a 23% year-on-year increase in net profit for the June quarter of FY26, rising to ₹534 crore from ₹433 crore in the same period last year, the company said in a stock exchange filing.
Stephane Deblaise named CEO of Renault Group India
Jul 21, 2025, at 09:13 pm
New Delhi: Renault Group has appointed Stephane Deblaise as the new Chief Executive Officer for its India operations, effective September 1, 2025, according to a press release on Monday.
Jul 21, 2025, at 09:02 pm
Kolkata: UCO Bank reported a 10.16% year-on-year (YoY) rise in net profit to ₹607 crore for the April–June quarter of FY26, driven by strong traction in its retail, agriculture, and MSME (RAM) loan book and a notable improvement in asset quality.
Jul 21, 2025, at 10:08 am
Indian cryptocurrency exchange CoinDCX has announced it lost around USD 44 million (around ₹379 crore) out of its treasury assets on Saturday after one of its internal operational accounts was compromised due to a 'sophisticated server breach'.
Fake GST Input Tax Credit claims jump 29% to ₹15,851 crore in Q1; 53 arrested
Jul 20, 2025, at 11:08 pm
New Delhi: GST authorities detected fake input tax credit (ITC) claims amounting to ₹15,851 crore in the April–June quarter of FY26, marking a 29% increase over the same period last year, even though fewer bogus firms were identified, PTI reported, citing officials.
Hindustan Zinc Q1FY26 profit slips 5% on lower metal prices to ₹2,234 cr
Jul 18, 2025, at 10:02 pm
Mumbai: Hindustan Zinc Ltd (HZL), a Vedanta Group company, reported a 4.7% decline in consolidated net profit for the quarter ended June 30, 2025, with earnings falling to ₹2,234 crore from ₹2,345 crore in the same period last year, reported ET Energy World, citing the company's stock exchange filing.
Tata Steel’s Haldia unit becomes first non-recovery coke plant in India to cross 25 MT milestone
Jul 18, 2025, at 09:53 pm
Kolkata: Tata Steel’s Hooghly Met Coke (HMC) Division in Haldia has set a new benchmark in India’s metallurgical coke industry, becoming the country’s first non-recovery coke-making unit to produce 25 million tonnes of coke in a single campaign life — without any major repair or overhaul, according to a press release on Friday.
PM Modi lays foundation stone for ₹1,950 cr City Gas project in West Bengal’s Bankura and Purulia
Jul 18, 2025, at 09:11 pm
Kolkata: Prime Minister Narendra Modi on Thursday laid the foundation stone for a ₹1,950 crore City Gas Distribution (CGD) project spanning the Bankura and Purulia districts of West Bengal, marking a major step in expanding access to clean energy in eastern India.
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Jul 18, 2025, at 06:24 pm
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JSW Steel Q1FY26 net profit surges 155% YoY to Rs 2,209 cr on strong pricing, lower costs
Jul 18, 2025, at 05:16 pm
Mumbai: JSW Steel posted a consolidated net profit of Rs 2,209 crore for the quarter ended June 30, 2025, marking a sharp 155% jump from the same period last year and a 47% increase over the preceding March quarter, Moneycontrol reported.
Reliance Retail acquires Kelvinator to bolster play in consumer durables
Jul 18, 2025, at 04:54 pm
Mumbai: Reliance Retail has acquired the iconic home appliance brand Kelvinator as part of its broader push into the fast-growing consumer durables segment, The Economic Times reported on Friday.