ED makes first arrest in ₹3,000 cr Reliance Group loan fraud case
Aug 02, 2025, at 09:18 pm
Mumbai: In its first arrest related to the alleged ₹3,000 crore loan fraud involving companies of Anil Ambani’s Reliance Group, the Enforcement Directorate (ED) has taken Partha Sarathi Biswal, managing director of Biswal Tradelink Pvt Ltd, into custody for submitting fake bank guarantees worth ₹68.2 crore, sources said on Saturday, NDTV reported.
Aug 01, 2025, at 11:55 pm
New Delhi: India is well-positioned to withstand the impact of the United States' latest tariff hikes, despite a potential $6 billion hit to exports and a marginal dent to GDP, according to a report by the State Bank of India’s research arm.
TVS Motor reports 29% sales growth in July; exports, scooters drive record performance
Aug 01, 2025, at 11:34 pm
Chennai: TVS Motor Company reported a 29% year-on-year growth in overall sales for July 2025, with total volumes rising to 456,350 units from 354,140 units a year ago.
Mahindra tractor sales rise 5% YoY to 26,990 units in July on strong rural demand
Aug 01, 2025, at 11:26 pm
Mumbai: Mahindra & Mahindra Ltd.’s Farm Equipment Business reported domestic tractor sales of 26,990 units in July 2025, up 5% from 25,587 units in the same month last year.
ITC reports ₹4,912 crore Q1 profit as revenue grows 20% YoY
Aug 01, 2025, at 11:11 pm
Kolkata: ITC Limited reported a consolidated net profit of ₹4,912 crore for the quarter ended June 30, 2025, marking a 5% year-on-year (YoY) growth, according to a media release on Friday.
Tata Motors to raise €1 billion in equity to fund Iveco buyout
Aug 01, 2025, at 11:00 pm
Mumbai: Tata Motors on Thursday announced it will raise around €1 billion (approximately $1.14 billion or ₹10,000 crore) in equity to help repay the loan backing its €3.8 billion (₹38,000 crore) acquisition of multinational transport vehicle manufacturing company Iveco’s trucks and bus business, media reports said.
ED issues lookout notice against Anil Ambani in Rs 3,000-crore loan fraud case
Aug 01, 2025, at 09:26 pm
In fresh trouble for Reliance Group Chairman and Managing Director Anil Ambani, the Enforcement Directorate on Friday issued a lookout notice against him in connection with a suspected Rs. 3,000 crore loan fraud and money laundering case, media reports said.
India grants licence to Elon Musk’s Starlink, opening doors for satellite internet rollout
Aug 01, 2025, at 08:58 pm
New Delhi: India has officially cleared the decks for Elon Musk’s Starlink to launch satellite-based internet services, granting the company a Unified Licence to operate in the country, Union Telecom Minister Jyotiraditya Scindia confirmed on Thursday.
Godrej Properties posts ₹600 cr Q1FY26 profit, logs ₹7,082 cr in bookings despite YoY decline
Aug 01, 2025, at 08:48 pm
Mumbai: Godrej Properties Limited (GPL) reported a consolidated net profit of ₹600 crore for the quarter ended June 30, 2025, marking a 15% year-on-year rise, even as its total income dipped 3% to ₹1,593 crore.
Railway Board gives in-principle approval to MRTS-CMRL merger; formal clearance still pending
Aug 01, 2025, at 08:41 pm
Chennai: The long-awaited merger of Chennai’s MRTS with the city’s metro rail network has moved a step closer, with the Railway Board giving its in-principle approval to transfer operations to Chennai Metro Rail Limited (CMRL).
Bandhan Bank claims its business grew 11 percent, deposits surged 16 percent in Q1 of FY 2025-26
Aug 01, 2025, at 06:46 pm
Kolkata/IBNS: Bandhan Bank last month announced its financial performance for the first quarter of the financial year 2025-26.
Tata Trusts extends N Chandrasekaran’s term as Tata Sons chairman by 5 yrs
Aug 01, 2025, at 06:33 pm
New Delhi: N Chandrasekaran will continue as chairman of Tata Sons for another five years, after Tata Trusts unanimously approved an extension to his term, ET Now reported.
Aug 01, 2025, at 06:01 pm
New Delhi: Tata Power reported a consolidated net profit of ₹1,262 crore for the quarter ended June 2025 (Q1FY26), up 6% year-on-year, marking its 23rd consecutive quarter of profit growth.
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.