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  • Page 5

Business

  • Business

Black Box Q1 net profit rises 55% to ₹37 crore

admin2 years ago02 mins

Black Box Ltd, an IT solutions provider has reported 55% growth in net profit at ₹37 crore as compared with…

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  • Business

Byju’s insolvency proceedings revived by the SC; setback for founder Raveendran and U.S. lenders

admin2 years ago02 mins

Representational image of the Byju’s logo | Photo Credit: Reuters The Supreme Court on Wednesday (August 14, 2024) revived insolvency…

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  • Business

Hindenburg Research: Mauritius’ Financial Services Commission says fund at heart of charge against SEBI chief not domiciled in Mauritius

admin2 years ago04 mins

Financial Services Commission said it had taken cognisance of the contents of the report published by Hindenburg Research which mentioned…

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  • Business

NMDC Q1 Results: Net profit rises 18% to ₹1,963 crore

admin2 years ago02 mins

A file photograph of National Mineral Development Corporation. | Photo Credit: The Hindu India’s largest iron ore producer NMDC reported…

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  • Business

What is the latest revelation by Hindenburg on the SEBI chief all about? | Explained

admin2 years ago016 mins

The story so far: New York-based Hindenburg Research has released a new set of documents to substantiate its accusation that…

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  • Business

Who is Madhabi Puri Buch, the markets regulator under attack from Hindenburg?

admin2 years ago07 mins

File picture of Madhabi Puri Buch, Chairperson of Securities and Exchange Board of India (SEBI) | Photo Credit: Reuters The…

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  • Business

SEBI chief’s rebuttal confirms ‘massive conflict of interest’, raises fresh questions: Hindenburg Research

admin2 years ago07 mins

Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India (SEBI). File | Photo Credit: PTI Hours after…

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  • Business

UltraTech Cement unit in Anantapur bags award

admin2 years ago01 mins

Indian Bureau of Mines has given ‘5 Star’ rating to twelve of UltraTech Cement Limited’s limestone mines. File | Photo…

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  • Business

Sebi chief Madhabi Buch, husband deny Hindenburg allegations as ‘baseless’

admin2 years ago03 mins

Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch. File | Photo Credit: PTI Capital markets regulator Sebi…

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  • Business

Something big soon on India, says Hindenburg Research

admin2 years ago02 mins

U.S. based short-sheller firm Hindenburg Research may soon reveal their next report on India soon | Photo Credit: Special arrangements…

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  • Business

‘Low yields have driven cotton cultivation down 12% this season’

admin2 years ago02 mins

India’s cotton cultivation has declined and will be down by 10% to 12% this season compared with the last one,…

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  • Business

Ola Electric IPO: Ola Electric valued at $4.4 billion in debut trade

admin2 years ago02 mins

With a 39% market share, Ola Electric dominates sales of electric scooters in India, after launching its first model just…

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  • Business

Ask GST Council to take a call on tax on health insurance premiums, Finance Minister tells Opposition

admin2 years ago2 years ago04 mins

Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha on August 8, 2024. Photo: Sansad TV via PTI The Union…

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  • Business

Sensex, Nifty tumble post RBI monetary policy decision

admin2 years ago04 mins

Image used for representative purpose only | Photo Credit: PTI Equity benchmark indices Sensex and Nifty continued to trade lower…

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  • Business

Eversource Capital eyes cutting over 30 mn tonnes of GHG emissions through portfolio firms by 2030

admin2 years ago2 years ago03 mins

Eversource Capital, a climate impact investor, is aiming to cut over 30 million tonnes of green house gas (GHG) emissions by…

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  • Business

Centre approves appointments of new Chairman, Managing Director of SBI

admin2 years ago04 mins

 Challa Sreenivasulu Setty The central government has approved the appointment of Challa Sreenivasulu Setty as new Chairman and Rana Ashutosh…

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  • Business

Government blinks on capital gains tax on real estate

admin2 years ago06 mins

Finance Minister Nirmala Sitharaman in the Lok Sabha on August 6, 2024. | Photo Credit: PTI Facing a backlash over…

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  • Business

M11 Industries begins turning used cooking, waste oil into biodiesel in Karnataka

admin2 years ago03 mins

M11 Industries Private Limited is a subsidiary of M.K. Agrotech Private Limited. The company aims to reduce import dependency and…

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TIL signs sales, services pact with Snorkel Europe

admin2 years ago02 mins

TIL Ltd. said it had signed an agreement with Snorkel Europe Ltd. to become an official sales and services provider…

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Passenger vehicle sales rise 10% in July on new launches, enhanced discounts: FADA

admin2 years ago2 years ago05 mins

Passenger vehicle retail sales in India witnessed a 10% on-year jump in July driven by new model launches and enhanced…

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  • Business

Zomato collected ₹83 crore in platform fee from customers till March

admin2 years ago02 mins

FILE PHOTO: The app of Indian food delivery company Zomato is seen on a mobile phone above its logo displayed…

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  • Business

When Jamsetji Tata did not shy away from shutting first business of Tata Group

admin2 years ago2 years ago07 mins

Known for the successful ventures he established, Jamsetji Tata, founder of the Tata Group, did not shy away from taking…

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  • Business

FirstCry parent Brainbees Solutions to open IPO on August 6

admin2 years ago01 mins

Brainbees Solutions Ltd., the parent of FirstCry.com has an Initial Public Offer (IPO) of its equity shares to mobilise upto ₹4,194 crore…

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India a food surplus country; working to provide solutions for global food security: PM Modi

admin2 years ago04 mins

Prime Minister Narendra Modi speaks at the inauguration of the 32nd International Conference of Agricultural Economists, in New Delhi. |…

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River Mobility to raise $150 mn for expansion plans

admin2 years ago03 mins

River Mobility Co-founder & CEO Aravind Mani says that they are planning to open 100 stores in seven cities by…

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  • Business

Rupee turns flat at 83.73 against U.S. dollar in early trade

admin2 years ago03 mins

On August 1, the Rupee declined five paise to settle at 83.73 against the U.S. dollar. | Photo Credit: The…

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Godrej Agrovet to acquire Tyson’s 49% stake in Godrej Tyson Foods for ₹322.8 crore

admin2 years ago03 mins

MUMBAI Godrej Agrovet Ltd. (GAVL), a diversified food and agri-business company, has signed a definitive agreement with Tyson India Holdings…

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  • Business

ED attaches ₹814 crore assets in the case of JVL Agro Industries Limited and others

admin2 years ago2 years ago03 mins

The Enforcement Directorate (ED) has provisionally attached immovable properties worth ₹814 crore in the case of JVL Agro Industries Limited…

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On discarding indexation for long-term capital gains | Explained

admin2 years ago09 mins

For representative purposes. | Photo Credit: Getty Images The story so far: Finance Minister Nirmala Sitharaman’s announcement in the Union…

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Rupee rises 2 paise to 83.71 against U.S. dollar in early trade

admin2 years ago02 mins

At the interbank currency exchange, the domestic currency opened at 83.72, 1 paisa higher than the previous day’s close. |…

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  • Business

D’Decor eyes 15% revenue from new brand FabriCare

admin2 years ago02 mins

Leading curtains and upholstery manufacturer D’Decor Home Fabrics Pvt. Ltd. is expecting to generate 15% of its revenue from its…

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Rupee remains flat at 83.73 against U.S. dollar in early trade

admin2 years ago02 mins

Image used for representative purpose only | Photo Credit: R. Ragu The rupee opened flat at 83.73 against the U.S….

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Industry, academia seek details of Centre’s internship programme for students in 500 companies

admin2 years ago04 mins

File. Image used for representation purposes The industries and the academia are waiting for the details of the internship programme…

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  • Business

Rupee rises 2 paise to 83.72 against U.S. dollar in early trade

admin2 years ago2 years ago03 mins

In the domestic equity market, the 30-share BSE Sensex hit an all-time high, rising 355.7 points or 0.44%, to 81,688.42…

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  • Business

Budget 2024: New job schemes to kick off this year, says Finance Secretary T.V. Somanathan

admin2 years ago2 years ago014 mins

The government is confident of launching the schemes in the Prime Minister’s package for employment and skilling announced in last…

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  • Business

Market capitalisation of six of top-10 valued firms jumps ₹1.85 lakh crore; LIC, Infosys biggest winners

admin2 years ago2 years ago02 mins

Last week, the BSE benchmark climbed 728.07 points or 0.90%. File | Photo Credit: PTI The combined market valuation of…

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German lens maker Carl Zeiss invests ₹2,500 crore to set up factory in India

admin2 years ago02 mins

Indian operations will produce for the domestic and export markets, says Rohan Paul, Business Head, India and Neighbouring Markets – Vision…

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‘Budget 2024-25 transformative, forward looking’ 

admin2 years ago05 mins

Industry leaders and representatives have termed the Union Budget presented by Finance Nirmala Sitharaman “transformative and forward looking due to…

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LatentView Analytics Q1 consolidated net rises 21%

admin2 years ago01 mins

LatentView Analytics Ltd. reported consolidated net profit for the June quarter rose 18% from the year-earlier period to ₹39 crore….

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Rupee recovers from all-time low, rises 9 paise to 83.69/$ in early trade

admin2 years ago2 years ago03 mins

File. | Photo Credit: Reuters The rupee recovered from its all-time low level and appreciated 9 paise to 83.69 against…

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Daimler India names P. Andamuthu as Head of Bus Business

admin2 years ago02 mins

DICV Head of Bus Business P. Andamuthu says that his priority will be to sharpen the competitive edge, contribute to…

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Parliament Monsoon session LIVE: Budget discussion to continue in both Houses today

admin2 years ago02 mins

Manish Tewari gives adjournment notice in LS urging discussion on border situation Congress MP Manish Tewari gave an adjournment notice…

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L&T Q1 PAT rises 12% to ₹2,786 crore

admin2 years ago03 mins

Larsen & Toubro Ltd. reported first-quarter consolidated net profit grew 12% year-on-year (YoY) to ₹2,786 crore on higher revenue.  The engineering…

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Parliament Budget Session Live: INDIA bloc MPs plan to protest against the ‘discriminatory’ Union Budget

admin2 years ago01 mins

Presenting her seventh Union Budget and the first after this year’s Lok Sabha election, Finance Minister Nirmala Sitharaman on July…

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Low income family: ‘Budget lacking in social welfare benefits’

admin2 years ago02 mins

D. Kumar, a fruit vendor. | Photo Credit: M. Vedhan Annual income: ₹1.2 lakh per annum No. of family members:…

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  • Business

Indian shares open higher ahead of Union Budget 2024

admin2 years ago02 mins

The NSE Nifty 50 and BSE Sensex were up ahead of the Budget on July 23, 2024. File | Photo…

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Industrialist Baba Kalyani’s relatives seek mediation to settle dispute

admin2 years ago2 years ago05 mins

The legal dispute between the Hiremath siblings and their maternal uncle Baba Kalyani took a completely different turn on Monday,…

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Groundbreaking ceremony for Airbus H125 final assembly line before year-end

admin2 years ago06 mins

Airbus final assembly line for light helicopters at Marignane. Experts from here will be co-located in India to help in…

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Mcap of eight of top-10 firms rises by ₹2.10 lakh crore; TCS and LIC leading gains

admin2 years ago02 mins

The 30-share BSE Sensex hit its new all-time high of 81,587.76 on July 19, 2024. File | Photo Credit: Reuters…

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Anticipated allocations around personal taxation from upcoming Budget keeping fiscal deficit in mind

admin2 years ago06 mins

Photo used for representation purpose only. | Photo Credit: Getty Images/iStock Union Finance Minister Nirmala Sitharaman is set to present…

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RBL Bank Q1 net profit rises 29% to ₹372 crore

admin2 years ago01 mins

RBL Bank reported first quarter net profit grew 29% YoY to ₹372 crore. Net advances during the quarter ended June 30,2024…

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The steam engine of today: elevating India’s capital goods for a global electronics revolution

admin2 years ago010 mins

In the early days of the Industrial Revolution, a single invention changed the world: the steam engine. This marvel of…

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RIL Q1 PAT declines 4% to ₹17,448 crore on higher depreciation

admin2 years ago05 mins

Mukesh D. Ambani | Photo Credit: SHASHI ASHIWAL Reliance Industries Ltd. (RIL) reported first-quarter consolidated net profit declined 4% to…

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Tax administration must be smoothened for capital markets growth

admin2 years ago07 mins

Rough edge: India must eliminate administrative irritants and create an enabling environment for investors and entrepreneurs. | Photo Credit: Reuters…

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Infosys Q1FY25 results: Infosys Q1 net rises 7%; to hire up to 20,000 freshers in FY25

admin2 years ago03 mins

A view of Infosys head office | Photo Credit: SOMASHEKARA GRN Infosys on Thursday reported first-quarter net profit grew 7.1%…

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Real estate sector pins hope on reforms, incentives

admin2 years ago07 mins

Issues such as liquidity constraints, complex regulatory frameworks, and the need for infrastructural upgrades remain at the forefront of industry concerns. The…

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Anuj Poddar, MD & CEO Bajaj Electricals steps down

admin2 years ago01 mins

  Bajaj Electricals Ltd. has announced the resignation of its Managing Director and CEO, Anuj Poddar, who would be moving…

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Indian telecom industry awaits the next frontier in communications through policy reforms 

admin2 years ago08 mins

Enhancing coverage, speed and accessibility is pivotal for effective implementation and ensuring seamless service delivery. This ambitious goal can be…

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Investment of ₹1,151 crore can supercharge India’s battery research: Report

admin2 years ago05 mins

Launch of the ‘emobility R&D Roadmap’ report. | Photo Credit: PIB A strategic investment of ₹1,151 crore over five years…

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Union Budget: Space industry demands tax holidays, PLI scheme

admin2 years ago05 mins

Union Finance Minister Nirmala Sitharaman will present the budget next week. | Photo Credit: PTI Import holidays, GST exemption for…

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Bank of Maharashtra Q1 net profit surges 46.64% to ₹1,293 crore

admin2 years ago01 mins

Bank of Maharashtra reported first quarter net profit rose 46.64% to ₹1,293 crore from ₹882 crore in the year-earlier period. …

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‘Business as usual’: TCS to stop tracking work from office numbers soon

admin2 years ago06 mins

Milind Lakkad, EVP and Chief Human Resources Officer (CHRO) at Tata Consultancy Services. File | Photo Credit: PTI Tata Consultancy…

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SC asks BMW to pay ₹50 lakh as compensation to customer for defective car

admin2 years ago07 mins

A view of the Supreme Court of India. File | Photo Credit: PTI The Supreme Court has directed luxury car…

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Madhya Pradesh CM woos investors, seeks to double State GDP in 5 years

admin2 years ago04 mins

Madhya Pradesh CM Mohan Yadav | Photo Credit: PTI Madhya Pradesh is planning attract big investments and double its Gross…

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‘Tech advances likely to pose challenges for corporates’

admin2 years ago2 years ago07 mins

Advances in technology and AI tools are likely to pose challenges for corporates in safely running their businesses according to…

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Forward-looking policies helped Karnataka to excel in economic growth: CM

admin2 years ago04 mins

Chief Minister Siddaramaiah, Deputy Chief Minister D.K. Shivakumar, and IT-BT Minister Priyank Kharge during a meeting with CEOs of the…

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GST Council reboots panel for system reforms

admin2 years ago04 mins

The Goods and Services Tax (GST) Council has reconstituted a ministerial group tasked with identifying possible sources of revenue evasion,…

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Wikipedia parent responds to ANI defamation suit, says content by volunteer editors

admin2 years ago05 mins

The Wikimedia Foundation has responded to the lawsuit this week by Asian News International (ANI), the newswire agency that supplies…

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MGM Healthcare acquires Vizag based SevenHills Hospital

admin2 years ago01 mins

MGM Healthcare has expanded its footprint in Visakhapatnam by participating in the Corporate Insolvency Resolution Process of SevenHills Healthcare Pvt….

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MSMEs need funds for tech upgrades, green transition

admin2 years ago07 mins

With schemes that provide funds for infrastructure creation, technology upgradation and climate change adaptation, the MSME sector will be able…

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TVS Motor unveils 2024 Apache RTR 160 Racing Edition

admin2 years ago2 years ago01 mins

TVS Motor Company (TVSM) has commenced bookings for its 2024 TVS Apache RTR 160 Racing Edition at an introductory price…

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On reducing tariffs for smartphone components | Explained

admin2 years ago2 years ago07 mins

Employees work at the assembly line inside TMB’s mobile phone battery manufacturing plant in Noida, in 2018. | Photo Credit:…

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‘Note ban, GST, COVID shocks cost ₹11.3 lakh cr., 1.6 crore informal sector jobs’

admin2 years ago05 mins

The economic loss, particularly to India’s informal sector owing to the cumulative impact of macroeconomic shocks since 2016, including the…

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Diamonds pose a quantum block to India’s research ambition

admin2 years ago07 mins

While the gemologist may be concerned with the cut, clarity, colour and karats of diamonds, quantum researchers are interested in…

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Centre questions Citigroup’s report on employment in India

admin2 years ago04 mins

FILE PHOTO: Job seekers line up for interviews at a job fair in Chinchwad, India. Image used for representative purpose…

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New private investment plans slumped to 20-year low in Q1

admin2 years ago06 mins

Image used for representational purpose. | Photo Credit: Getty Images In an exceptionally slow start to private capex in this…

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Finance Minister wraps up consultation ahead of FY25 budget

admin2 years ago03 mins

Union Minister of Finance and Corporate Affairs Nirmala Sitharaman chairs the eighth Pre-Budget consultation with representatives of the Employment and…

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Can the uber-rich worldwide be taxed better? | Explained

admin2 years ago012 mins

As per a key finding of the Global Tax Evasion Report 2024, prepared by researchers at the EU Tax Observatory,…

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JM Financial to consolidate holding in wholesale debt syndication, ARC units 

admin2 years ago2 years ago02 mins

The board of JM Financial Ltd. on Saturday approved the acquisition of 42.99% stake in JM Financial Credit Solutions Ltd. (JMFCSL)…

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Only 7% of MSME credit to women; low female labour force participation drag on growth: RBI ED

admin2 years ago04 mins

Women workers seen working inside a MSME Industrial Unit, Ambattur | Photo Credit: K. PICHUMANI Reserve Bank’s executive director Neeraj…

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Panattoni Group plans to invest $100 million in India a year for several years to build industrial warehouses

admin2 years ago03 mins

U.S. based Panattoni Group, one of the world’s largest industrial real-estate developers, is planning to invest $100 million in India every…

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GST still far from simple: Arvind Subramanian

admin2 years ago04 mins

Former CEA Arvind Subramanian. File | Photo Credit: The Hindu Revenues from the seven-year old Goods and Services Tax (GST)…

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‘Divesting upto 49% stake in central PSUs could yield ₹11.5 lakh crore’

admin2 years ago04 mins

At current market capitalisation levels, the Centre has scope to raise as much as ₹11.5 lakh crore from disinvestment of…

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India faces high debt, but sustainable for now: NCAER Director General Poonam Gupta

admin2 years ago04 mins

At nearly 82% of GDP, India’s public debt is very high, but the country doesn’t face debt sustainability issue on…

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Govt said to plan raise in rural housing subsidies by 50% after election setback

admin2 years ago06 mins

Under the PM Awas Yojna (Rural) housing scheme, the government aims to facilitate construction of an additional 20 million houses…

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Stock broking firms tumble on Sebi order; Angel One tanks nearly 9%

admin2 years ago03 mins

The Securities and Exchange Board of India (SEBI) has directed stock exchanges and other MIIs to implement a uniform and…

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Murugappa group firm signs pact with Jiva Water for supply of quality water

admin2 years ago01 mins

MWTS Chief Executive Jayateerth Nadgir (second from left) handing over the MoU to Jiva Water founders Srinivasan Vitoba and Krishna…

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Passenger vehicle dispatches see muted growth in June as high base effect kicks in

admin2 years ago04 mins

Passenger vehicle wholesales saw a marginal growth of 4% in June on account of high base effect and muted demand…

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RBI appoints two new executive directors

admin2 years ago03 mins

The Reserve Bank of India. File | Photo Credit: REUTERS The Reserve Bank of India (RBI) on July 1 announced…

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News Analysis |  Maharashtra budget: A pre-poll strategic play of social engineering 

admin2 years ago2 years ago05 mins

Maharashtra Finance Minister Ajit Pawar and Minister of State Deepak Kesarkar display 2024-25 Budget bags on the 2nd Day of…

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Big fat Indian wedding: At ₹10 lakh crore, expenses second only to food & grocery

admin2 years ago06 mins

A drone view of the venue of pre-wedding celebrations of Anant Ambani, son of Mukesh Ambani, the Chairman of Reliance…

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The Hindu Morning Digest: June 30, 2024

admin2 years ago013 mins

T20 World Cup 2024 final: India lifts second T20 WC title after 17 years The long wait is over. India…

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Two bank unions call for merger of RRBs with sponsor banks

admin2 years ago02 mins

Two major bank unions have sought the merger of 43 Regional Rural Banks (RRBs) with 12 scheduled commercial banks (sponsor…

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The Hindu Morning Digest: June 29, 2024

admin2 years ago09 mins

India vs South Africa 2024 ICC Men’s T20 World Cup final will be held at the Kensington Oval on June…

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CSK acquires 10,000 shares of India Cements

admin2 years ago01 mins

Chennai Super Kings Cricket Ltd. (CSK) has acquired 10,000 equity shares of The India Cements Ltd. (ICL) for an undisclosed…

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Gold loans can help boost the growth of India’s small business owners

admin2 years ago09 mins

George Alexander Muthoot India’s economic progress is majorly rooted in the resilience and growth of its Micro, Small, and Medium…

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RBI unveils revised Currency Swap Arrangement for SAARC countries

admin2 years ago02 mins

RBI and the Government of India has decided to put in place a revised Framework on Currency Swap Arrangement for…

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Telcos bid ₹11,340 crore for expiring spectrum; Airtel leads

admin2 years ago04 mins

Bharti Airtel Ltd. spent the most on retaining and acquiring new spectrum in the latest auction of airwaves. File |…

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Repco Bank sets credit growth target of ₹21,750 cr. for FY25

admin2 years ago02 mins

A branch of Chennai-based RBL Bank. File | Photo Credit: BIJOY GHOSH Chennai-based Repco Bank Ltd (RBL) has set itself…

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Britannia closing iconic unit sparks concern of ‘flight of industry’ from West Bengal

admin2 years ago05 mins

Britannia Industries Limited announces the closure of its historic factory, in Taratala neighbourhood, Kolkata on June 24, 2024. | Photo…

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India’s rising water stress can dent its sovereign credit profile: Moody’s Ratings

admin2 years ago04 mins

Photo used for representation purpose only. | Photo Credit: Reuters Moody’s Ratings warned on June 25 that India’s growing water…

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The Hindu Morning Digest: June 25, 2024

admin2 years ago09 mins

WikiLeaks founder Julian Assange to plead guilty to the U.S justice dept. File photo | Photo Credit: AP WikiLeaks founder…

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Sony Pictures Networks India appoints Gaurav Banerjee as new MD & CEO

admin2 years ago2 years ago03 mins

Representational image only. | Photo Credit: AP Sony Pictures Networks India on June 24 announced the appointment of former Disney…

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Industry for rethink on Chinese FDI curbs, high import tariffs

admin2 years ago06 mins

India’s import duties on electronic-related tariff lines range from zero to 27.5%, burdening manufacturing costs.  | Photo Credit: Getty Images…

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DGFT, Revenue dept working on dedicated hubs to boost e-commerce exports

admin2 years ago03 mins

Santosh Kumar Sarangi, Director General Foreign Trade (DGFT). File | Photo Credit: Kamal Narang In a bid to boost India’s…

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AI design tool Nirwana.AI secures seed funding

admin2 years ago02 mins

Nirwana.AI, an AI design tool said the entity has secured unspecified amount of seed funding at a valuation over ₹100…

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Karnataka approves 64 projects worth ₹3587.67 crore

admin2 years ago2 years ago02 mins

Karnataka government has approved 64 new business projects that involves an investment of ₹3587.67 crore and have the potential to create…

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Patent filings credit Bharat Biotech as ‘inventor’ of Covaxin, omit ICMR

admin2 years ago010 mins

The ICMR said that while it had not funded the Bharat Biotech for Covaxin development, one of its institutes —…

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Plasmagen Biosciences introduces CSL’s Haemocomplettan P in India

admin2 years ago02 mins

Plasmagen Biosciences Private Ltd., specialising in Plasma Protein and Speciality Care Therapy, has announced the introduction of Haemocomplettan P (Human…

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Business growth must never be at the cost of unacceptable risks: Das

admin2 years ago04 mins

Reserve Bank of India (RBI) Governor Shaktikanta Das. | Photo Credit: ANI Banks and NBFCs must take care to ensure…

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Indians’ funds in Swiss banks plunge 70% to hit four-year low of ₹9,771 crore

admin2 years ago08 mins

Funds parked by Indian individuals and firms in Swiss banks, including through local branches and other financial institutions, fell sharply…

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SBI Chairman pitches for tax relief on interest income in Budget

admin2 years ago04 mins

State Bank of India Chairman Dinesh Kumar Khara. File | Photo Credit: The Hindu State Bank of India Chairman Dinesh…

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Allow foreign currency transactions in country via RBI: ICT Chairman Kapila

admin2 years ago02 mins

A foreign currency dealer counts U.S. dollars at his office in New Delhi. File Consultants and service providers have urged…

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Focusing on improving basic facilities to attract tourists to Karnataka: Minister

admin2 years ago05 mins

It has been over a year now since H. K. Patil took charge as the Tourism Minister of Karnataka. In…

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Government considering personal tax rate cuts to boost consumption, sources say

admin2 years ago04 mins

A post-poll survey showed that voters were worried about inflation, unemployment and decreasing incomes. | Photo Credit: Reuters The government…

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Gold, silver import surges 210% in 2023-24 from UAE; need duty revision in FTA: GTRI

admin2 years ago08 mins

“While India’s total imports from the UAE fell 9.8% from $53.2 billion in FY23 to $48 billion in FY24, imports…

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Nirmala Sitharaman to hold pre-budget meeting with industry chambers on June 20

admin2 years ago03 mins

Finance Minister Nirmala Sitharaman. FIle | Photo Credit: PTI Finance Minister Nirmala Sitharaman is likely to hold pre-budget consultations with…

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What is next for the Indian economy? | Explained

admin2 years ago011 mins

In its latest monetary policy review earlier this month, the Reserve Bank of India (RBI) has projected a 7.2% GDP…

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NSSO survey finds COVID-19’s second wave hit informal economy hard

admin2 years ago03 mins

India’s large informal non-agricultural sector was badly hit by the second wave of the COVID-19 pandemic, but has recovered gradually…

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IRDAI for reducing compliance burden of insurers with master circular on returns 

admin2 years ago02 mins

Insurance regulator IRDAI has issued a master circular on submission of returns for insurers, including foreign reinsurance branches (FRBs), on…

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Markets decline in early trade after record rally

admin2 years ago02 mins

Bombay Stock Exchange (BSE). | Photo Credit: REUTERS Benchmark equity indices declined in early trade on Friday amid profit-taking after…

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CAMSRep unveils Bima Central to manage insurance portfolio

admin2 years ago02 mins

CAMSRep (CAMS Insurance Repository Services) unveiled Bima Central, a one-stop platform for simplifying insurance portfolio management. Bima Central allows users…

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Sensex, Nifty hit fresh record high levels in early trade

admin2 years ago03 mins

Investors and brokers react after monitoring thestock prices on a digital screen. File photo | Photo Credit: ANI Benchmark equity…

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Indian banks well placed to ride on economic growth: Moody’s

admin2 years ago03 mins

Indian banks and non-bank finance firms are well placed to seize opportunities from India’s strong economic prospects through lending growth…

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Indian tyre exports register sharp recovery in second half of last fiscal

admin2 years ago05 mins

Tyre exports from India made a sharp recovery in the second half of 2023-24 fiscal and went up by 12%…

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IRDAI issues master circular on general insurance 

admin2 years ago05 mins

General insurers cannot reject claims for want of documents, need to comply with strict timelines while settling claims and offer…

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Rupee opens flat against US dollar in early trade

admin2 years ago03 mins

Indian Rupee notes are seen in this picture illustration taken in Mumbai. | Photo Credit: REUTERS The rupee opened on…

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Toymaker Jammbo plans international expansion

admin2 years ago03 mins

Jammbo, a start-up which is into manufacture and retail of toys, said it plans to expand its exports market to…

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Sensex breaches 77,000-mark for first time; Nifty hits new record high level in early trade

admin2 years ago02 mins

BSE Sensex. File. | Photo Credit: REUTERS Benchmark equity indices hit their all-time high levels in early trade on Monday,…

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India’s aviation market growth needs to be matched with capacity; open for partnerships: Emirates CCO

admin2 years ago06 mins

India, with a population of close to 1.5 billion, is seeing a growing international travel demand. | Photo Credit: B….

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ONGC seeks foreign partners for Mumbai High oilfield

admin2 years ago2 years ago06 mins

Image used for representative purpose only. State-owned Oil and Natural Gas Corporation (ONGC) is seeking foreign partners to reverse declining…

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Clay Craft aims to increase exports fourfold in 3 years

admin2 years ago03 mins

Clay Craft, which is into ceramic tableware manufacturing, producing over 1 lakh pieces daily and exporting to over 22 countries…

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More aquatic animals were farmed than fished in 2022, for the first time ever

admin2 years ago03 mins

The U.N.’s Food and Agriculture Organisation in its latest report on fisheries and aquaculture has said the global catch and…

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Insurance e-marketplace Bima Sugam first phase launch likely in April 2025, IRDAI head

admin2 years ago03 mins

First phase of Bima Sugam is expected to be launched around April next year, IRDAI chairman Debasish Panda told a…

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Rupee rises 6 paise to 83.47 against U.S. dollar in early trade

admin2 years ago02 mins

The rupee appreciated 6 paise to 83.47 against the U.S. dollar in early trade on Friday ahead of the RBI…

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India to spend up to $385 billion to meet renewable energy target, Moody’s Ratings estimates

admin2 years ago03 mins

A power generating windmill turbine in Gujarat. File | Photo Credit: Reuters India will have to invest as much as…

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TI and TICMPL sign pact to raise ₹310 crore

admin2 years ago02 mins

Tube Investments of India and TI Clean Mobility Pvt. Ltd. (TICMPL) have signed securities subscription agreement with Luxembourg Specialist lnvestment…

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Heritage Foods shares surge 20% to ₹546.95 each  

admin2 years ago02 mins

Heritage Foods shares surged 20% Wednesday to a 52-week high of ₹546.95 each on the BSE. The development came in…

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India’s May palm oil imports reach 4-month high on price drop-dealers

admin2 years ago03 mins

Workers prepare oil palm seedlings at a nursery in Khammam district, Telangana. File | Photo Credit: Reuters India’s palm oil…

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Indian IT saw deal recovery in May: BNP Paribas

admin2 years ago02 mins

Deal wins, largely driven by banking, financial services and insurance verticals, by IT services companies saw a recovery in May, reported…

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Remove claim of ‘100% fruit juice’ from label and ads, FSSAI directs food businesses

admin2 years ago03 mins

Image used for representative purpose only. | Photo Credit: G.R.N. Somashekar The Food Safety and Standards Authority of India (FSSAI)…

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Shriram Finance raises multi-currency loan of $468 mn via ECB

admin2 years ago02 mins

Shriram Finance Ltd. said it had raised $425 million and EUR 40 million through a syndicated term loan transaction. The…

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Exit poll prediction for NDA boosts markets; blue-chips open to record highs

admin2 years ago04 mins

People stand outside the Bombay Stock Exchange. File. | Photo Credit: FRANCIS MASCARENHAS Shares opened at record highs on June…

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Election result impact on market: How do markets look at election results?

admin2 years ago017 mins

Markets turn particularly volatile during and in the run-up to the election season. Speculations, psephologists’ analyses, exit polls and rhetoric,…

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What grade of coal does India produce? | Explained

admin2 years ago08 mins

Coal-loaded wagons move towards the Kamarajar Port at Ennore, near Chennai. File | Photo Credit: The Hindu The story so…

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GST collection rises 10% to ₹1.73 lakh crore in May

admin2 years ago02 mins

The country’s gross GST collections rose to ₹1.73 lakh crore in May, growing 10% year on year driven by increased…

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China factory activity dips as property pain persists

admin2 years ago02 mins

Workers labor in a factory of automotive aluminium wheel hubs in Binzhou city in east China’s Shandong province on May…

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LIC raises holding in agrochem firm PI Industries 

admin2 years ago01 mins

Life Insurance Corporation (LIC) of India said its stake in PI Industries as an institutional investor has gone past the…

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The transformative impact of gold loans on Indian households

admin2 years ago09 mins

Be it farmers in rural areas, working women in urban areas, elderly seeking temporary finance or MSME entrepreneurs looking for…

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Reliance Retail’s JioMart plans to enter quick commerce

admin2 years ago2 years ago03 mins

Reliance Retail will leverage its network of almost 19,000 stores to start instant delivery in more than 1,000 cities in…

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Markets always get election results right, but investors don’t

admin2 years ago011 mins

Indian elections are always a captivating spectacle. Given that India a multi-party democracy, predicting the winnder and loser is a…

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Tata Steel Q4 PAT slides 64% to Rs 611 crore

admin2 years ago04 mins

MUMBAI Tata Steel Ltd. reported fourth-quarter consolidated net profit slid 64% to ₹611.48 crore year-on-year on losses suffered by the…

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Sugar exports hinge on monsoon, cane sowing as output seen lower in 2024-25

admin2 years ago02 mins

Representational file image. | Photo Credit: C. Venkatachalapathy India may allow sugar exports after assessing the final sugarcane sowing and…

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IIT-Bombay, TCS to build India’s first Quantum Diamond Microchip Imager

admin2 years ago06 mins

With its advanced capabilities to identify chip defects, the Quantum Diamond Microchip Imager is a leap forward in semiconductor imaging. Representational |…

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EaseMyTrip Q4 PAT up 26% to ₹39.1 crore

admin2 years ago2 years ago02 mins

Easy Trip Planners Ltd. which operates under the brand EaseMyTrip.com reported fourth quarter net profit grew 26% to ₹39.1 crore as compared…

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Gokaldas Exports Q4 net dips to ₹44.3 crore

admin2 years ago01 mins

Gokaldas Exports Limited on Monday reported a consolidated revenue of ₹818.0 crore for the fourth quarter compared to ₹530.1 crore in the same quarter last year and a consolidated profit after tax of ₹44.3 crore compared to ₹47.2 crore…

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What is the current status with respect to spice exports? | Explained

admin2 years ago07 mins

A woman buys packets of MDH and Everest spices at a store in Amritsar on May 21. | Photo Credit:…

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India in trade deficit with nine of top 10 trading partners in 2023-24

admin2 years ago04 mins

Image used for representative purpose only. | Photo Credit: PTI India has recorded a trade deficit, the difference between imports…

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Hyundai expects 20% of SUV sales from rural markets

admin2 years ago03 mins

Hyundai Motor India, a wholly owned subsidiary of Hyundai Motor Company of South Korea, said rural markets are expected to…

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Divi’s Labs Q4 net surges 68% to ₹538 crore 

admin2 years ago01 mins

Divi’s Laboratories reported consolidated net profit increased almost 68% to ₹538 crore for the quarter ended March 2024 on the…

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The Hindu Morning Digest: May 25, 2024

admin2 years ago09 mins

Polling officials check the Electronic Voting Machines (EVM) and other election material at Motilal Nehru National Institute of Technology on…

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India’s over 400-mn informal labour market requires a structural shift: ISF

admin2 years ago03 mins

India with almost 85% informal labour, generating more than half of the country’s GDP, requires a structural shift towards structured…

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Century Plyboards expands product category with Century Cubicles

admin2 years ago01 mins

Century Plyboards (India) Ltd. has announced the introduction of a new product, Century Cubicles, as part of its product diversification…

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Sensex, Nifty hit all-time high on RBI’s surplus transfer move

admin2 years ago04 mins

Key benchmark stock indices on Thursday surged 1.6% to all-time closing and intraday highs after a buying momentum in auto…

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‘India mid-tier IT firms gain share from industry goliaths’

admin2 years ago02 mins

Mid-tier IT firms tend to focus on short-term deals aimed at helping clients cut costs rather than chase large-scale projects….

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Rupee rises 3 paise to close at 83.28 against U.S. dollar

admin2 years ago03 mins

The rupee appreciated by 3 paise to settle at 83.28 (provisional) against the U.S. dollar on Wednesday amid softening crude…

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Steel Secretary unveils NMDC vendor portal

admin2 years ago02 mins

Steel Secretary Nagendra Nath Sinha with senior officials of NMDC at the launch of the portal in Hyderabad on Monday. |…

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VST ropes in Axis Bank to offer loan to farmers

admin2 years ago02 mins

VST Tillers Tractors Limited (VST), a farm equipment manufacturer, signed a Memorandum of Understanding (MOU) with Axis Bank, to offer financial solutions…

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Growel Group forays into pet food, to invest over ₹80 crore

admin2 years ago02 mins

Aquaculture feed, formulation maker and seafood processor Growel Group has launched two pet treats as part of its foray into…

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RBI’s proposed framework to administer project financing | Explained

admin2 years ago2 years ago012 mins

The story so far: To strengthen the existing regulatory framework for long gestation period financing for projects such as infrastructure,…

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Aditya Birla Sun Life plans to double its business by FY-27

admin2 years ago2 years ago04 mins

Aditya Birla Sun Life Insurance Co. Ltd. MD and CEO Kamlesh Rao said in the next few quarters they will…

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IOCL exports premium fuel to Sri Lanka

admin2 years ago02 mins

Indian Oil Corp Ltd logo. | Photo Credit: REUTERS   Indian Oil Corporation Ltd. (IOCL) on Saturday exported its first-ever…

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Why is RBI keeping an eye on gold loans? | Explained

admin2 years ago08 mins

Illustration for The Hiindu The story so far: The Reserve Bank of India (RBI) earlier this month asked gold loan…

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Nepal bans sale of Indian spice-mix products over quality concerns

admin2 years ago03 mins

Boxes of Everest fish curry masala are stacked on the shelf of a shop at a market in Srinagar, April…

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1.7 crore connections disconnected through fraud detection steps: DoT

admin2 years ago04 mins

Image for representation purpose only. | Photo Credit: Arunangsu Roy Chowdhury As many as 1.7 crore telecom connections have been…

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Stock Market Today: Markets log gains for 2nd day on buying in Reliance, M&M

admin2 years ago03 mins

Equity benchmarks Sensex and Nifty closed higher for a second straight day on Friday as buying in index majors M&M,…

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Goods exports may rebound over 14% in FY25, need more bank credit: FIEO

admin2 years ago03 mins

Image for representation purpose only. File | Photo Credit: K.K. Mustafah India’s goods exports could rebound to hit $500 billion…

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Will double current allotment of grain each person is entitled to under Food Security Act: Congress

admin2 years ago2 years ago04 mins

Congress Party senior leader Jairam Ramesh. File | Photo Credit: SHIV KUMAR PUSHPAKAR The Congress on May 16 claimed that…

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NHAI says ₹3,000 cr. insurance surety bonds issued by insurers so far

admin2 years ago02 mins

Insurance companies have issued about 700 insurance surety bonds valued about ₹3,000 crore after Centre makes the instrument on par…

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Rupee edges up one paisa to 83.50 against U.S. dollar

admin2 years ago05 mins

Rupee finally settled at 83.50 (provisional), higher by one paisa from its previous close. | Photo Credit: Reuters The Rupee…

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U.S. Justice Department says Boeing violated deal that avoided prosecution after 737 Max crashes

admin2 years ago05 mins

Boeing came under renewed scrutiny since a door-plug panel blew off a 737 Max jetliner during an Alaska Airlines flight…

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Mutual fund assets swell by 145% from 2020 in the northeast

admin2 years ago07 mins

Meghalaya accounted for 9% of the total AAUM at ₹3,623 crore in March 2024, clocking a 111% growth of over ₹1,714…

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KPI Green Energy board okays plan to raise up to ₹1,000 crore

admin2 years ago01 mins

KPI Green Energy on May 13 said its board has approved a proposal to raise up to ₹1,000 crore through…

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Retail inflation eases to 4.83% in April

admin2 years ago06 mins

Food inflation surged to a four-month high of 8.7% in April from 8.52% in March. Representational file image. | Photo…

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Making a shift from boardroom to the heat and dust of electoral battlefield

admin2 years ago07 mins

It has been a marked shift for Santrupt Misra, who took voluntary retirement from his high-flying corporate job to embark…

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FPIs withdraw ₹17,000 crore from equities in May on political uncertainty amid general election

admin2 years ago05 mins

Image used for representational purpose only. | Photo Credit: The Hindu Foreign investors pulled out a massive ₹17,000 crore from…

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Bridgestone to unveil market expansion strategy to push next 10 years of growth in India

admin2 years ago03 mins

Bridgestone India, a wholly-owned subsidiary of Bridgestone Corporation, Japan, is currently preparing a 10-year strategy to spearhead market expansions across…

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Bank of India Q4 net profit rises 7% to ₹1,439 crore

admin2 years ago01 mins

Bank of India Ltd. (BIL) reported fourth quarter net profit grew 7% year-on-year (YoY) to ₹1,439 crore. Operating profit was…

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BPCL mulls investing ₹1.7 lakh cr. in core, new energy units

admin2 years ago01 mins

Bharat Petroleum Corporation Ltd. (BPCL) plans to invest ₹1.7 lakh crore over the next five years in its core oil…

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DoT directs telcos to block 28,200 mobile handsets, re-verify 20 lakh mobile numbers

admin2 years ago03 mins

Image used for representation purpose only. The Department of Telecom (DoT) has directed telecom operators to block 28,200 mobile handsets…

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Markets plunge amid fears of uncertain poll outcome

admin2 years ago03 mins

A man walks past the bull statue at the BSE building. File | Photo Credit: PTI Uncertainty over the General…

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Byju’s slashes course fees by 30-40%, ups sales incentives by 50-100%

admin2 years ago2 years ago04 mins

Byju’s has announced change in sales strategy. | Photo Credit: REUTERS Edtech firm Think and Learn – owner of Byju’s…

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Maersk suffers ‘capacity loss of 15-20%’ due to Red Sea crisis

admin2 years ago05 mins

Maersk noted that while the Peak Season Surcharge was reduced recently, it has been increased again to help cover the…

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Contracts awarding work to private parties should not be cancelled without assigning reasons: SC

admin2 years ago03 mins

Contracts awarding work to private parties should not be cancelled without assigning reasons, the Supreme Court said on May 8,…

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The Kotak Mahindra Bank controversy | Explained

admin2 years ago08 mins

The story so far: The Reserve Bank of India (RBI) on April 24 barred Kotak Mahindra Bank (KMB) from onboarding…

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SEBI rejects NSE’s proposal to extend trading hours

admin2 years ago04 mins

Securities and Exchange Board of India (SEBI) (File Photo) | Photo Credit: Reuters Capital markets regulator SEBI has rejected a…

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P-note investments surge to near six-year high at ₹1.5 lakh crore

admin2 years ago03 mins

Investments through participatory notes in the Indian capital markets reached ₹1.5 lakh crore at the end of February, making it…

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Middlemen can actually help lower dal prices

admin2 years ago08 mins

Photo used for representation purpose only. | Photo Credit: Sushil Kumar Verma The government has blamed greedy middlemen for hoarding…

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IIHL to pay Reliance Capital’s lenders only after IRDAI approval: Ashok Hinduja

admin2 years ago05 mins

 Ashok Hinduja. File photo: Arrangement IndusInd International Holdings Ltd (IIHL), the Mauritius-based Investment Holding Company, which had emerged as the…

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Telangana Govt to raise ₹3,000 crore market borrowings on May 7 to fulfil financial commitments

admin2 years ago03 mins

Crediting Rythu Bandhu at ₹5,000 every acre into the accounts of these farmers is likely to require in excess of…

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