Walmart's Flipkart gets RBI’s NBFC licence to lend directly to customers
Jun 05, 2025, at 08:49 pm
Mumbai: Walmart-owned Flipkart has received a lending licence from the Reserve Bank of India (RBI), becoming the first major e-commerce platform in the country to be granted a non-banking finance company (NBFC) status, according to a Reuters report.
Kumar Mangalam Birla signals more US investments; hails $4 bn Alabama greenfield project
Jun 05, 2025, at 01:29 am
New Delhi: Kumar Mangalam Birla, Chairperson of the Aditya Birla Group, has voiced confidence about scaling up investments in the United States.
RBI begins key policy meet; market eyes possible third straight repo rate cut
Jun 05, 2025, at 12:18 am
Mumbai: The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) began its three-day deliberation today, with widespread anticipation that the meeting could lead to another reduction in the repo rate, currently at 6%.
ICL Fincorp targets pan-India expansion, to double AUM on back of NIDCC mandate
Jun 04, 2025, at 11:21 pm
Kolkata: ICL Fincorp Ltd is set to accelerate its pan-India expansion with plans to open 500 new branches over the next two years, including 200 in the current financial year, as the gold loan-focused NBFC seeks to broaden its geographic footprint beyond Southern India and double its assets under management (AUM).
Adani Airports raises $750 million to boost capacity, repay debt and expand services
Jun 04, 2025, at 10:08 pm
Mumbai: Adani Airports Holdings Ltd (AAHL), a subsidiary of Adani Enterprises and the largest private airport operator in India, has raised $750 million through external commercial borrowings from international lenders.
Hyundai, Kia offload ₹690 crore stake in Ola Electric amid losses, falling revenue
Jun 03, 2025, at 11:29 pm
Mumbai: Hyundai Motor and Kia Corporation sold shares worth nearly ₹690 crore in electric two-wheeler manufacturer Ola Electric through open market transactions on Tuesday, according to data released by the National Stock Exchange.
Jun 03, 2025, at 10:39 pm
Tokyo: Toyota Motor Corp. announced on Tuesday that it will take key affiliate Toyota Industries private in a landmark ¥3.7 trillion ($26 billion) deal, marking one of the largest corporate restructurings in Japan’s recent history and signalling a strategic shift in the auto giant’s group structure, Reuters reported.
Vikram Solar gets SEBI approval for IPO to fund major expansion plans
Jun 03, 2025, at 09:48 pm
Kolkata: Vikram Solar Limited has received final approval from the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).
Embraer sets up India subsidiary, in talks with IndiGo and Air India to sell aircraft: Report
Jun 03, 2025, at 09:02 pm
New Delhi: Brazilian aerospace major Embraer is engaging with Indian carriers IndiGo and Air India to explore potential aircraft sales, as part of its broader strategy to deepen its presence in one of the world’s fastest-growing aviation markets.
Jun 03, 2025, at 08:40 pm
The Organisation for Economic Co-operation and Development (OECD) has projected a sharp deceleration in US economic growth, forecasting it to slow to 1.6% in 2025 from 2.8% in the previous year.
Tata Electronics eyes semiconductor fabrication unit acquisition in Malaysia: Report
Jun 03, 2025, at 08:34 pm
New Delhi: Tata Electronics is exploring the acquisition of a semiconductor fabrication or outsourced semiconductor assembly and test (OSAT) facility in Malaysia as part of its strategy to build technical know-how and talent before formally launching chip assembly and packaging operations in India, The Economic Times has reported.
After firing 6,000 last month, Microsoft cuts hundreds more jobs
Jun 03, 2025, at 10:19 am
IT major Microsoft on Tuesday announced that an additional 300 people have been laid off following the recent round of job cuts, media reports said.
Jun 01, 2025, at 10:44 pm
New Delhi: Vietnamese conglomerate Vingroup, which is currently setting up a $2-billion electric vehicle (EV) manufacturing facility in Tamil Nadu’s Thoothukudi, is now in discussions with the governments of Telangana and Andhra Pradesh to expand its footprint in India, according to a PTI report.
Jun 01, 2025, at 09:41 pm
New Delhi: Oil marketing companies have slashed prices of 19-kg commercial LPG cylinders by ₹24 and aviation turbine fuel (ATF) by ₹2,414.25 per kilolitre, effective June 1, 2025, providing cost relief to businesses and airlines amid softening global crude prices.
India receives $81 bn in FDI in FY25, highest in 3 years; Singapore leads with nearly $15 bn inflow
Jun 01, 2025, at 08:49 pm
New Delhi: Singapore retained its position as India’s top source of foreign direct investment (FDI) for the seventh consecutive year in 2024–25, contributing $14.94 billion—almost 19% of the country’s total FDI inflows for the fiscal year, according to the latest government data.
Foreign investors pump ₹19,860 cr into Indian equities in May, narrowing 2025 outflows
Jun 01, 2025, at 08:31 pm
Mumbai: Foreign portfolio investors (FPIs) poured ₹19,860 crore into Indian equities in May, extending their buying streak on the back of supportive global cues and strong domestic fundamentals.
‘Didn’t back down amid challenges and scrutiny, now more formidable’: Gautam Adani
Jun 01, 2025, at 04:54 pm
Vadodara: Adani Group Chairman Gautam Adani has said the conglomerate has emerged stronger, formidable and more resilient despite facing unprecedented scrutiny and successive challenges over the past year.
May 31, 2025, at 04:57 pm
A pioneering Indian manufacturer of critical defence systems NIBE Limited, has announced receiving a significant export Purchase Order valued at $17.52 million from an Israel-based company.
Suzlon FY25 PAT soars 214% YoY to ₹2,072 cr; Q4 profit jumps 365% to ₹1,181 cr
May 30, 2025, at 11:59 pm
Pune: Renewable energy giant Suzlon Group ended FY25 with its strongest performance in a decade, reporting a full-year Profit After Tax (PAT) of ₹2,072 crore, aided by a deferred tax asset gain of ₹638 crore.
India surpasses China, becomes top iPhone exporter to US: Report
May 30, 2025, at 11:22 pm
New Delhi/IBNS: India has surpassed China to become the largest exporter of iPhones to the United States, a report by market research firm Omdia said.
Gold ETF demand jumps 170%; jewellery takes a hit on high prices
May 30, 2025, at 11:11 pm
Mumbai: Global gold demand soared to a first-quarter record in 2025, fuelled by a sharp rebound in ETF inflows and continued buying by central banks, even as total demand eased slightly from last year, according to Motilal Oswal Private Wealth.
Centre meets FY25 fiscal deficit target of 4.8% of GDP, shows provisional CGA data
May 30, 2025, at 08:30 pm
New Delhi: The Central government has achieved its fiscal deficit target of 4.8 percent of GDP for the financial year 2024–25, according to provisional figures released by the Controller General of Accounts (CGA) on Friday.
India’s Q4 GDP growth hits 7.4%, surpasses RBI forecast; FY25 expands by 6.5%
May 30, 2025, at 08:16 pm
New Delhi: India’s real GDP grew by 7.4 per cent in the fourth quarter (Q4) of the financial year 2024–25, according to data released on Friday by the National Statistics Office (NSO), under the Ministry of Statistics and Programme Implementation (MoSPI).
Govt asks Patanjali to explain ‘dubious’ transactions flagged by economic intelligence wing
May 30, 2025, at 05:10 pm
New Delhi: India’s Corporate Affairs Ministry has issued a notice to Patanjali Ayurved Ltd., the traditional medicine firm co-founded by yoga guru Baba Ramdev, seeking clarification over transactions considered suspicious, Bloomberg reported, citing people familiar with the matter.
French brand Alcatel is back: Eyes top 3 spot with India-first smartphone series
May 29, 2025, at 05:07 pm
Kolkata: French-origin tech brand Alcatel announced its re-entry into the Indian smartphone market with the launch of the V3 Series, introducing India’s first smartphones equipped with patented NXTPAPER display technology.
Industrial growth slows to 2.7% in April as manufacturing stays resilient, mining dips
May 28, 2025, at 09:18 pm
New Delhi: India’s industrial output expanded moderately in April 2025, with the Index of Industrial Production (IIP) rising 2.7% year-on-year, according to data released by the Ministry of Statistics and Programme Implementation.
Vikram Singh Mehta replaces Venkataramani Sumantran as IndiGo chairman
May 28, 2025, at 08:36 pm
Gurugram: IndiGo on Wednesday named Vikram Singh Mehta as the new chairman of its board, following the resignation of Venkataramani Sumantran, who held the position for the past three years.
N Chandrasekaran to step down as Tata Chemicals chairman
May 28, 2025, at 07:48 pm
Mumbai: Tata Sons Chairman N Chandrasekaran will step down from his roles as chairman and director of Tata Chemicals, with effect from May 29, 2025. The company disclosed the development through a regulatory filing.
PayPal secures RBI nod to act as cross-border payment aggregator, eyes boost for Indian exporters
May 28, 2025, at 04:58 pm
Mumbai: PayPal Payments Pvt Ltd, the Indian arm of PayPal Holdings Inc, has received in-principle authorisation from the Reserve Bank of India (RBI) to function as a Payment Aggregator – Cross Border Exports (PA-CB-E).
Centre raises MSP for paddy by ₹69 for Kharif 2025–26, aims to bolster farm incomes
May 28, 2025, at 04:51 pm
New Delhi: The Union Cabinet has cleared a ₹69 per quintal hike in the minimum support price (MSP) for paddy for the upcoming Kharif 2025–26 marketing season, raising the MSP for the common variety to ₹2,369 per quintal.