Gadkari announces Rs 10 lakh crore investment to convert 2-lane roads into four-lane highways
May 10, 2025, at 01:10 am
New Delhi: Union minister Nitin Gadkari unveiled plans to convert 25,000-30,000 km of existing with an investment of ₹8-10 lakh crore while emphasising role of infrastructure development in India’s economic strength and.
Bharti Airtel founder Sunil Mittal in talks to buy stake in Haier India
May 09, 2025, at 07:59 pm
Mumbai: Billionaire-founder of telecom Bharti Airtel, Sunil Mittal, is in advanced talks to acquire a 49% stake in the Indian unit of China’s Haier Smart Home Co., Bloomberg reported.
May 09, 2025, at 07:49 pm
Mumbai: With drones playing a crucial role in retaliatory operations against Pakistan in Operation Sindoor, stocks of drones and defence technology firms have gone up.
May 07, 2025, at 11:11 pm
New Delhi: The Indian textile industry has strongly endorsed the recently concluded India-UK Free Trade Agreement (FTA), viewing it as a major catalyst for enhancing India’s footprint in the UK market.
Tata Chemicals posts ₹479 cr annual profit amid global pricing pressures; Q4FY25 PAT slips into red
May 07, 2025, at 10:39 pm
Mumbai: Tata Chemicals reported a consolidated profit after tax (PAT) of ₹479 crore for the financial year ended March 31, 2025, down from ₹1,034 crore a year earlier, as the company battled pricing pressures across geographies and faced exceptional costs related to the closure of its UK Soda Ash operations.
Why every investor should use a step-up SIP calculator for mutual fund investments
May 07, 2025, at 10:29 pm
Investing in mutual funds using Systematic Investment Plans (SIPs) is a tried and tested strategy to amass wealth. Nevertheless, with growing income, an SIP might not be able to keep up with an investor's growing financial needs.
RBI may transfer record ₹2.5–3 lakh cr dividend to govt on forex profits, repo gains: Report
May 07, 2025, at 09:36 pm
New Delhi: The Reserve Bank of India (RBI) is expected to transfer a dividend of around ₹2.5–3 lakh crore to the government this month — significantly higher than last year’s payout — mainly due to substantial profits from its interventions in the currency markets to arrest the fall of the rupee in FY25, according to economists.
NSE Q4FY25 profit drops 31% QoQ to ₹2,650 cr; FY25 net surges 47% to record ₹12,188 cr
May 07, 2025, at 07:11 pm
National Stock Exchange of India (NSE) reported a consolidated net profit of ₹2,650 crore for the quarter ended March 31, 2025 (Q4FY25), marking a sharp 31% decline from ₹3,834 crore in the preceding quarter. Earnings per share stood at ₹10.71, down from ₹15.49 in Q3FY25.
PNB Q4FY25 net profit jumps 50% to ₹4,642.9 cr; FY25 profit more than doubles, NPAs fall sharply
May 07, 2025, at 05:33 pm
Mumbai: Punjab National Bank on Wednesday reported a consolidated net profit of ₹4,642.9 crore for the quarter ended March 31, 2025 (Q4 FY25), reflecting a 50 percent year-on-year (Y-o-Y) increase from ₹3,100.9 crore. On a sequential basis, the profit was marginally lower by 0.1 percent compared to ₹4,648.6 crore in the previous quarter.
Tata Motors shareholders approve plan to split company into two listed entities
May 06, 2025, at 11:42 pm
Mumbai: Tata Motors on Tuesday said its shareholders have overwhelmingly approved the company’s proposal to demerge its operations into two separately listed companies — one for its commercial vehicles business and the other for its passenger vehicle unit, which includes luxury brand Jaguar Land Rover (JLR).
China's services growth slows to 7-month low amid tariff jitters, weak demand: Report
May 06, 2025, at 10:46 pm
Beijing: China’s services sector grew at its slowest pace in seven months in April, with new business expansion losing steam amid mounting uncertainty from US tariff actions, Reuters reported, citing a private survey released on Tuesday.
India launches GATI Foundation to tap global demand for skilled workers
May 06, 2025, at 10:07 pm
New Delhi: India on Tuesday formally launched the Global Access to Talent from India (GATI) Foundation in New Delhi with the aim to tap work opportunities emerging due to mounting labour shortages across Europe, the Gulf, Japan and elsewhere.
India, UK seal free trade and social security pacts after 3.5 years of talks
May 06, 2025, at 08:51 pm
New Delhi: India and the United Kingdom on Tuesday concluded two major agreements — a comprehensive free trade agreement (FTA) and a social security pact — marking the end of over three years of protracted negotiations.
India will overtake Japan to become world's third largest economy this year, shows IMF data
May 06, 2025, at 05:16 pm
India is set to overtake Japan as the fourth-largest economy in the world in 2025, as per the latest data shared by the International Monetary Fund (IMF).
Shell, Reliance, ONGC complete India’s first offshore facilities decommissioning project
May 05, 2025, at 10:47 pm
New Delhi/IBNS: In a landmark achievement for India’s energy sector, the Panna-Mukta and Tapti (PMT) joint venture partners - Shell, Reliance Industries Limited (RIL), and Oil and Natural Gas Corporation Limited (ONGC) have completed the country’s first offshore facilities decommissioning project with the safe removal of mid and south Tapti field facilities.
Meet Greg Abel who will succeed Warren Buffett as Berkshire Hathaway CEO
May 05, 2025, at 07:36 pm
Legendary investor Warren Buffett, 94, officially stepped down as CEO of Berkshire Hathaway after more than six decades at the helm of the conglomerate.
Bandhan Bank Q4FY25 net profit jumps 482% to Rs 318 cr; full-year profit rises 23%
May 04, 2025, at 11:18 pm
Kolkata: Bandhan Bank on Wednesday reported a 482 percent surge in net profit to ₹317.90 crore for the January–March quarter (Q4FY25), buoyed by a sharp drop in provisions and contingencies, despite muted revenue and interest income. In the corresponding quarter last year, net profit stood at ₹54.62 crore.
India recalls Krishnamurthy Subramanian from IMF six months before term end
May 04, 2025, at 01:21 am
New Delhi: The Indian government has abruptly ended the tenure of Dr Krishnamurthy Subramanian as Executive Director representing India at the International Monetary Fund (IMF), effective immediately.
India’s forex reserves rise for 8th straight week, up nearly $2 billion to $688.13 billion
May 02, 2025, at 11:22 pm
New Delhi: India’s foreign exchange reserves rose for the eighth week in a row, climbing by $1.98 billion to reach $688.13 billion for the week ended April 25, according to the Reserve Bank of India.
₹2,000 notes worth ₹6,266 cr still in circulation 2 yrs after withdrawal: RBI
May 02, 2025, at 11:10 pm
Mumbai: Two years after the Reserve Bank of India (RBI) announced the withdrawal of ₹2,000 denomination banknotes, currency worth ₹6,266 crore remains in circulation, according to the latest official figures.
SEBI accuses Pranav Adani of insider trading in Adani Green’s $3.5 bn SB Energy deal: Report
May 02, 2025, at 10:59 pm
Mumbai: India’s markets regulator has accused Pranav Adani, a director in several Adani Group companies and nephew of Gautam Adani, of violating insider trading regulations by sharing sensitive information related to Adani Green’s $3.5 billion acquisition of SB Energy in 2021, Reuters reported.
India, Denmark renew energy partnership to support 2070 net-zero target
May 02, 2025, at 09:16 pm
New Delhi: India and Denmark on Friday signed a renewed Memorandum of Understanding (MoU) to bolster cooperation in the energy sector, reinforcing their commitment to clean energy transitions and supporting India’s target of achieving net-zero emissions by 2070.
India’s exports hit record $825 bn in FY25, led by robust services growth
May 02, 2025, at 08:48 pm
New Delhi: India’s total exports rose 6.01 per cent year-on-year to an all-time high of $824.9 billion in 2024–25, according to the latest services trade data released by the Reserve Bank of India.
IOB Q4FY25 profit jumps 30% to ₹1,051 cr as bad loans ease, interest income rises
May 02, 2025, at 06:19 pm
Mumbai: State-owned Indian Overseas Bank (IOB) on Friday posted a 30 percent year-on-year rise in its net profit for the March quarter, coming in at ₹1,051 crore, aided by a decline in non-performing assets and higher interest income.
May 02, 2025, at 06:12 pm
New Delhi: India’s manufacturing sector reached a 10-month high in April 2025, Business Standard reported, citing S&P Global data released on Friday.
Federal Bank Q4 net profit rises 13.7% YoY to ₹1,030 cr; FY25 profit crosses ₹4,000 cr mark
Apr 30, 2025, at 11:20 pm
Kolkata: Federal Bank on Wednesday reported a consolidated net profit of ₹1,030.23 crore for the quarter ended March 31, 2025, marking a 13.67% year-on-year rise.
US economy shrinks for first time in over two years as imports surge ahead of new tariffs
Apr 30, 2025, at 10:38 pm
Washington DC: The US economy contracted in the first quarter of 2025, marking its first decline since the pandemic recovery began, as a sharp jump in imports ahead of impending tariffs and slower consumer spending weighed on growth.
Bank of India to raise ₹5,000 crore via bonds in FY26; secures $400 million in dollar loan
Apr 30, 2025, at 09:18 pm
Mumbai: Bank of India’s board has approved raising up to ₹5,000 crore in capital during FY2025-26 by issuing Basel-III compliant bonds, comprising ₹2,500 crore each in Tier-I and Tier-II instruments, the lender said in a stock exchange filing on Wednesday.
Mukesh Ambani rejoins $100 billion club as Reliance shares rally post-Q4 earnings
Apr 30, 2025, at 08:44 pm
Mumbai: Mukesh Ambani has once again crossed the $100 billion mark in net worth, as per Forbes Real-Time Billionaires rankings, media reports said.
Rakuten to invest over $100 million in India, expand workforce by 8% in 2025
Apr 30, 2025, at 06:00 pm
New Delhi: Japanese internet major Rakuten plans to invest at least $100 million in India this year and increase its workforce by 8% as it looks to bolster global operations from its key tech hub in the country, a top executive told Reuters.