Udaan secures NCLT approval for corporate restructuring, eyes IPO by 2026
Jan 14, 2025, at 09:39 pm
New Delhi: Udaan, India’s leading business-to-business (B2B) e-commerce platform, has received approval from the National Company Law Tribunal (NCLT) for its corporate restructuring plan, media reports said.
Rupee rebounds 8 paise to 86.62 against US dollar, recovering from historic low
Jan 14, 2025, at 08:20 pm
New Delhi: The rupee rebounded from its historic low, gaining 8 paise to settle provisionally at 86.62 against the US dollar on Tuesday, as the American currency retreated from record highs, Reuters reported.
Adani group faces DoT scrutiny over delayed 5G rollout and compliance issues
Jan 14, 2025, at 07:33 pm
New Delhi: The Adani Group is reportedly under investigation by the Department of Telecommunications (DoT) for failing to meet its 5G rollout obligations over two years after obtaining a unified telecom licence.
India's WPI inflation rises to 2.37% in December; retail inflation eases to four-month low
Jan 14, 2025, at 07:26 pm
New Delhi: India’s wholesale price index (WPI) inflation climbed to 2.37% in December, up from 1.89% in November, driven by rising prices of manufactured goods and a favourable base effect, according to government data released on Tuesday.
India's December retail inflation eases to four-month low of 5.22 percent
Jan 13, 2025, at 06:37 pm
India's retail inflation eased to touched a four-month low of 5.22 percent in December, from 5.48% in the previous month, as per government data released on Monday.
BSE Sensex crashes 1048 points, Nifty drops by 345
Jan 13, 2025, at 04:43 pm
The BSE Sensex crashed for the fourth consecutive session on Monday by 1048.90 points to end at 76,330.01.
QR code scam in MP’s Khajuraho: Fraudsters target businesses, divert payments
Jan 12, 2025, at 09:54 pm
Bhopal: Several businesses in Madhya Pradesh’s Khajuraho were caught off guard when payments made by customers via QR codes failed to reach their accounts, media reports said.
L&T CEO SN Subrahmanyan, who pushed for 90-hour workweek, has Rs 51 cr pay package
Jan 12, 2025, at 09:28 pm
Mumbai: Larsen & Toubro (L&T) Chairman and Managing Director SN Subrahmanyan, who is at the centre of a controversy over his comments on work-life balance, received a total compensation of Rs 51 crore in the last financial year.
Adar Poonawalla's witty jab adds spark to 90-hour workweek debate
Jan 12, 2025, at 08:03 pm
The ongoing debate about extreme work hours gained a humorous twist, courtesy of Adar Poonawalla, CEO of Serum Institute of India.
Ireda Q3FY25 net profit rises 27% to Rs 425.38 cr; loan disbursements up 41% Y-o-Y
Jan 11, 2025, at 02:19 pm
New Delhi: State-run financier Indian Renewable Energy Development Agency (Ireda) posted a net profit of Rs 425.38 crore for the October-December quarter of FY25, marking a 27% increase from Rs 335.53 crore in the same period last year, as per regulatory filings.
Rupee hits historic low of 85.97 against USD, marks tenth weekly loss
Jan 10, 2025, at 09:36 pm
Mumbai: The rupee plummeted to an unprecedented low of 85.97 against the US dollar on Friday, surpassing its previous record of 85.9325 set just a day earlier, media reports said.
Wadia family settles SEBI disclosure violation case for Rs 2.13 cr
Jan 10, 2025, at 09:03 pm
Mumbai: The Wadia family, which runs the Wadia Group of companies, and entities linked to Bombay Burmah Trading Corporation (BBTC) have resolved allegations of delayed shareholding disclosure violations with the Securities and Exchange Board of India (SEBI) by paying a settlement amount of Rs 2.13 crore, media reports said.
India's Industrial output hits six-month high with 5.2% growth in Nov
Jan 10, 2025, at 08:16 pm
New Delhi: India's industrial output, determined by the Index of Industrial Production (IIP), touched a six-month peak, recording a growth of 5.2% in November 2024, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday.
Jan 10, 2025, at 11:33 am
New Delhi/IBNS: The Larsen and Toubro has backed its chairman SN Subramanyan's controversial appeal to his employees to work even on Sundays stating the remark was a reflection of "larger ambition".
Latest UN report shows global economic growth is projected to remain at 2.8 per cent in 2025
Jan 10, 2025, at 08:29 am
Global economic growth is projected to remain at 2.8 per cent in 2025, unchanged from this past year, according to a UN flagship report released on Thursday.
'How long can you stare at your wife': L&T chairman sparks row with 90-hour workweek suggestion
Jan 09, 2025, at 11:00 pm
Mumbai: Larsen & Toubro (L&T) faced backlash after its chairman SN Subrahmanyan, suggested a 90-hour workweek during an employee interaction. Defending his remarks, the company released a statement asserting that "extraordinary outcomes require extraordinary efforts."
TCS Q3 FY25 net profit rises 11.9% to Rs 12,380 cr
Jan 09, 2025, at 09:25 pm
Bengaluru: India's leading IT services provider, Tata Consultancy Services (TCS), reported a net profit of Rs 12,380 crore for Q3 FY25, marking an 11.9% increase from Rs 11,058 crore in the same period last fiscal.
How to Qualify for an Education Loan Without Collateral?
Jan 09, 2025, at 01:01 pm
Going to a foreign country to pursue education can be a dream for many. But it can also be quite expensive at times. Obtaining a study loan for international education can be challenging for students without assets to use as collateral. However, nowadays, major banks like ICICI Bank offer Education Loans without collateral, making it easier to pursue studies abroad. This blog will assist you in understanding what an Education Loan without collateral is and its advantages to the borrower.
SEBI warns Ola Electric over disclosure violations
Jan 08, 2025, at 10:02 pm
Mumbai: The Securities and Exchange Board of India (SEBI) issued an administrative warning to Ola Electric Mobility for violating disclosure norms by announcing its expansion plans on social media before informing the stock exchanges.
Adani Ports ranks among global top 10 for corporate sustainability
Jan 08, 2025, at 09:44 pm
Mumbai: Adani Ports and Special Economic Zone (APSEZ) has earned a spot in the global top 10 transportation and transportation infrastructure companies in the 2024 S&P Global Corporate Sustainability Assessment (CSA) rankings, the company announced.
India revises November gold import data, uncovering $5 billion error
Jan 08, 2025, at 08:29 pm
New Delhi: India’s gold import figures for November have been revised sharply downward to $9.8 billion, significantly lower than the previously announced $14.8 billion, according to data from the Directorate General of Commercial Intelligence and Statistics (DGCIS) released on Wednesday.
SBI trims FY25 GDP growth forecast to 6.3% amid lending and manufacturing slowdown
Jan 08, 2025, at 07:46 pm
Mumbai: The State Bank of India (SBI) has revised its GDP growth forecast for India in the 2024-25 financial year (FY25) to 6.3 percent, slightly below the National Statistical Office’s (NSO) projection of 6.4 percent, media reports said.
Meet Indian-origin Kevan Parekh who took charge as Apple Inc CFO on January 1
Jan 08, 2025, at 07:34 pm
Indian-origin executive Kevan Parekh has assumed charge as the new chief financial officer of Apple Inc from January 1, 2025.
BP to boost Mumbai High oil and gas output as ONGC’s technical partner
Jan 08, 2025, at 05:34 pm
Mumbai: India's leading explorer, Oil and Natural Gas Corp (ONGC), announced on Wednesday that energy giant BP will work as its technical service provider to enhance oil and gas production from Mumbai High, the country’s largest producing field located off the west coast, Reuters reported.
India's electricity generation growth hits post-pandemic low in 2024 amid economic slowdown
Jan 08, 2025, at 04:47 pm
New Delhi: India’s electricity generation recorded its slowest growth in 2024 since the Covid-19 pandemic, reflecting a deceleration in the world’s fastest-growing major economy, Reuters reported, citing an analysis of government grid regulator’s data.
Satya Nadella announces Microsoft's $3 bn investment in India after meeting PM Modi
Jan 08, 2025, at 11:58 am
New Delhi/IBNS: Microsoft will invest $3 billion in India in cloud and AI infrastructure, announced the tech major chairman and CEO Satya Nadella.
Jan 07, 2025, at 05:18 pm
New Delhi/IBNS: S. K. Singhi & Partners LLP, one of India’s leading law firms, has launched a transformative initiative—LEXITS under the aegis of S.K Singhi & Partners.
Jan 07, 2025, at 02:49 pm
New Delhi/IBNS: S. K. Singhi & Partners LLP, one of India’s leading law firms, has launched a transformative initiative—LEXITS under the aegis of S.K Singhi & Partners.
Sensex, Nifty nosedive after positive start
Jan 06, 2025, at 02:01 pm
The Indian benchmark stock market indices dropped sharply after beginning the morning journey on a positive note on Monday.
Common Mistakes to Avoid When Applying for a Business Loan Against Property
Jan 04, 2025, at 01:05 pm
Applying for a business loan against property can be a great way to secure funds for your business, especially when you need a significant amount of money. However, the process can be complex, and many business owners make mistakes that can delay approval or lead to unfavorable terms. Here are some common mistakes to avoid when applying for a business loan against property, so you can increase your chances of approval and get the best deal.