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.
Use an eligibility calculator to know if your income qualifies for a personal loan
Jul 18, 2025, at 06:24 pm
Thinking of applying for a personal loan but unsure if your income meets the requirements? You’re not alone. Whether it’s for a wedding, medical emergency, travel, or home renovation, many individuals consider personal loans to manage large expenses. But before you take the next step, it’s essential to know where you stand financially. That’s where a personal loan eligibility calculator comes in — a simple yet effective tool to help you check your eligibility in minutes.
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.
Tata Sons set to infuse $400 million into Tata Digital as platform struggles to scale
Jul 18, 2025, at 12:52 am
Mumbai: Tata Sons is planning a capital infusion of $400 million into Tata Digital, the conglomerate’s digital commerce arm, as the platform battles stiff competition and internal churn, Moneycontrol reported, citing sources familiar with the matter.
Axis Bank Q1 profit misses estimates as bad loan provisions surge
Jul 17, 2025, at 11:20 pm
Bengaluru: Axis Bank on Thursday reported a lower-than-expected net profit for the first quarter, as increased provisions for potential bad loans and worsening asset quality weighed on its earnings, according to a Reuters report.
CEAT Q1FY26 profit drops 28% despite revenue growth; to invest ₹450 cr in Chennai plant expansion
Jul 17, 2025, at 11:04 pm
Tyre manufacturer CEAT Ltd on Thursday (July 17) reported a 27.7% drop in net profit for the first quarter of FY25, which fell to ₹112 crore from ₹154 crore in the same period last year, despite strong gains in revenue and volume.
Jul 16, 2025, at 11:51 pm
New Delhi: India is preparing for its most significant overhaul of the Goods and Services Tax (GST) regime since its launch in 2017, with the Prime Minister’s Office (PMO) giving in-principle approval for a sweeping restructuring of the system, according to sources cited by The Economic Times.
Tech Mahindra Q1 profit jumps 34% YoY to ₹1,141 cr; bookings rise, expenses flat
Jul 16, 2025, at 11:02 pm
Mumbai: Tech Mahindra reported a strong performance for the first quarter of FY26, with net profit rising 34% year-on-year to ₹1,141 crore, compared to ₹852 crore in the same quarter last year, reported Moneycontrol.
ITC Hotels Q1 profit surges 53% to ₹134 cr; eyes 220 properties, 20,000 rooms by 2030
Jul 16, 2025, at 08:42 pm
Kokata: ITC Hotels Ltd reported a 53% year-on-year increase in its consolidated net profit for the June quarter, reaching ₹133.71 crore, up from ₹87.16 crore in the corresponding period last year.
SBI to open ₹25,000-cr QIP; floor price set at ₹811.05 per share
Jul 16, 2025, at 07:27 pm
Mumbai: State Bank of India, the country’s largest lender, will open its ₹25,000-crore qualified institutional placement (QIP) on Wednesday, NDTV Profit reported, citing a stock exchange filing.
Cabinet clears ₹50,000 cr push for farm revival and green energy boost across India
Jul 16, 2025, at 05:54 pm
New Delhi: The Union Cabinet on Wednesday approved three major initiatives with a combined annual outlay exceeding ₹50,000 crore aimed at transforming agriculture and scaling up renewable energy investments in India, reported The Economic Times.
Apply online for low-interest mortgage loans: a complete guide
Jul 16, 2025, at 11:50 am
Purchasing a home or mortgaging a property is a major financial decision, one that typically involves a long-term commitment and a substantial loan amount. For most individuals, securing a mortgage loan is the most practical way to finance such a purchase. However, the key to making this loan manageable over the years lies in getting it at the lowest possible interest rate.
RBI open to foreign banks holding up to 26% in Indian lenders, says Governor Sanjay Malhotra
Jul 16, 2025, at 12:22 am
Mumbai: Reserve Bank of India Governor Sanjay Malhotra on Tuesday said the central bank is open to permitting foreign banks to hold up to 26% stake in Indian lenders, provided such investments comply with existing policy norms.
Renault appoints CFO Duncan Minto as interim CEO
Jul 16, 2025, at 12:04 am
Paris: Renault on Tuesday named its Chief Financial Officer Duncan Minto as interim CEO to steer the French carmaker while it looks for a permanent successor to Luca de Meo, Reuters reported.
MTNL defaults on ₹8,585 cr loan repayments to seven PSU banks, shares fall nearly 5%: Report
Jul 15, 2025, at 10:11 pm
New Delhi: State-run telecom operator Mahanagar Telephone Nigam Ltd (MTNL) is facing renewed financial distress after informing the stock exchanges that it has defaulted on repayments of loans and interest totalling nearly ₹8,585 crore owed to seven public sector banks, according to The Economic Times.
Anand Mahindra welcomes Tesla’s India debut, revives old challenge to Musk as EV race heats up
Jul 15, 2025, at 07:49 pm
Mumbai: Following Tesla’s entry into India, Anand Mahindra shared his thoughts on X. He posted, “Welcome to India, @elonmusk and @Tesla. One of the world’s largest EV opportunities just got more exciting.”
Indian companies, Saudi's Maaden sign pact for import of 3.1 mn MT of DAP per year
Jul 15, 2025, at 06:16 pm
A Long-Term Agreements was signed between Maaden and Indian companies- IPL, KRIBHCO and CIL- for the supply of overall enhanced 3.1 million metric ton of Diammonium Phosphate (DAP) fertilizer per annum for five years from 2025-26 onwards was signed during Minister JP Nadda's recent visit to Saudi Arabia.