Jul 11, 2025, at 11:17 pm
New Delhi: Switzerland has completed the ratification of the landmark trade agreement between India and the European Free Trade Association (EFTA), which will reduce trade barriers and significantly expand market access for Swiss exports to India, PTI reported.
Flipkart launches $50 million Esop buyback for up to 7,500 employees ahead of potential IPO
Jul 11, 2025, at 09:46 pm
Bengaluru: Flipkart has rolled out a $50 million employee stock buyback programme that will offer liquidity to approximately 7,000–7,500 staff members, as the Walmart-owned e-commerce major prepares for a potential initial public offering (IPO), The Economic Times reported.
Tesla to open first India showroom in Mumbai, deliveries of Model Y SUVs by August
Jul 11, 2025, at 07:33 pm
New Delhi: Tesla, under the leadership of Elon Musk, is set to launch its first showroom in Mumbai on Tuesday, Bloomberg reported, citing people familiar with the development.
₹1,345 cr subsidy scheme for rare earth magnet makers proposed: Heavy Industry Minister Kumaraswamy
Jul 11, 2025, at 07:02 pm
New Delhi: The Indian government has prepared a draft proposal for a subsidy scheme worth ₹1,345 crore aimed at supporting domestic manufacturers of rare earth magnets, Union Minister for Heavy Industry and Steel HD Kumaraswamy said on July 11, reported Moneycontrol.
IBCN 2025: Celebrating the Chettiar legacy, powering youthful enterprise
Jul 11, 2025, at 06:02 pm
Bengaluru: The International Business Conference of Nagarathars (IBCN), the biennial global gathering of the Chettiar business community, returns this year with a renewed focus on youth, innovation, and inclusive leadership.
India expands access to $639 billion credit market via total return swaps: Report
Jul 11, 2025, at 05:50 pm
New Delhi: India has expanded the scope of a popular derivative instrument among foreign investors, thereby enhancing their access to the country’s $639 billion credit market, Bloomberg reported, citing people familiar with the matter.
India rolls out first-ever e-Truck incentive scheme under PM Modi’s Green Mobility Vision
Jul 11, 2025, at 04:48 pm
The Ministry of Heavy Industries (MHI), Government of India, has launched a scheme to provide financial incentives for electric trucks (e-trucks) under the PM E-DRIVE initiative.
TCS Q1FY26 profit grows 6% to ₹12,040 cr, revenue at ₹63,437 cr
Jul 10, 2025, at 11:37 pm
Mumbai: Tata Consultancy Services (TCS) reported a net profit of ₹12,760 crore for the quarter ended June 30, 2025, up 6% from ₹12,040 crore in the corresponding period last year.
India shouldn’t be affected if another country blocks fertiliser supply: Piyush Goyal
Jul 09, 2025, at 11:54 pm
New Delhi: Union Commerce Minister Piyush Goyal on Wednesday said India should not face difficulties even if another country stops fertiliser exports and called for a robust supply chain in fertilisers, insecticides, and pesticides.
India to source 10% of cooking gas imports from U.S. starting 2026: Report
Jul 09, 2025, at 10:57 pm
New Delhi: India plans to source around 10% of its cooking gas (LPG) imports from the U.S. starting in 2026, as part of a strategy to deepen energy ties and reduce its trade deficit with Washington, Reuters reported.
Linda Yaccarino exits X as CEO after leading major transformations for 2 yrs
Jul 09, 2025, at 10:16 pm
New York: Linda Yaccarino has announced her resignation as CEO of X (formerly Twitter), marking the end of a short but high-profile tenure at the helm of the influential social media platform.
Reliance Jio delays IPO plans to boost valuation
Jul 09, 2025, at 09:49 pm
Mumbai: Reliance Jio Platforms, led by billionaire Mukesh Ambani, has postponed its highly anticipated IPO originally planned for this year, two sources told Reuters.
Tata AutoComp, Skoda Group form JV to make railway propulsion systems in India
Jul 09, 2025, at 08:52 pm
New Delhi: Tata AutoComp and Skoda Group, a leading European manufacturer of public transport components and vehicles, have announced a joint venture to manufacture railway propulsion systems and components, supporting the fast-growing Indian railway and mobility sectors, NDTV reported.
IndianOil-Adani Gas plans $161 million fundraising via convertible bonds
Jul 09, 2025, at 08:47 pm
Mumbai: IndianOil-Adani Gas Pvt. is looking to raise up to ₹13.78 billion ($161 million) through the sale of exchangeable bonds, according to sources familiar with the matter. If completed, it would be one of the largest such transactions in India this year, Bloomberg reported.
Bank of India pays dividend of Rs. 1,353 cr to govt
Jul 09, 2025, at 07:25 pm
Mumbai: Public sector lender Bank of India paid dividend of Rs.1,353.05 crores for the financial year 2024-25 to the government on Tuesday.
Tech major Apple appoints Indian-origin techie Sabih Khan as COO
Jul 09, 2025, at 04:58 pm
Tech giant Apple on Wednesday announced the appointment of Indian-origin techie Sabih Khan as the company's new Chief Operating Officer (COO).
Bentley joins Škoda Auto Volkswagen India; new entity to steer luxury push
Jul 09, 2025, at 12:21 am
Mumbai: Škoda Auto Volkswagen India Private Limited (SAVWIPL) has officially added British ultra-luxury marque Bentley to its portfolio, becoming the sixth brand under its umbrella. Effective 01 July 2025, SAVWIPL will exclusively import, distribute, and service Bentley vehicles across India, the company announced on Monday.
India, Australia eye rare earth and copper tie-ups amid China export crunch
Jul 09, 2025, at 12:05 am
New Delhi: India is in discussions with Australia for potential collaborations on rare earth minerals and copper blocks, as global concerns over China's tightening control on rare earth exports continue to grow. Economic Times reported.
Rishi Sunak returns to financial roots with Goldman Sachs advisory role
Jul 08, 2025, at 10:11 pm
London: Rishi Sunak, the former UK Prime Minister, is set to make a comeback to his professional origins with a new role as senior adviser at Goldman Sachs, the Financial Times reported on Tuesday.
Jindal Steel Duqm to launch 5 MTPA green steel plant in Oman by 2028
Jul 08, 2025, at 09:35 pm
Muscat: Jindal Steel Duqm, part of the Naveen Jindal Group, is targeting a 2028 launch for operations at its planned 5 million tonnes per annum (MTPA) hydrogen-enabled green steel facility at the Special Economic Zone at Duqm (SEZAD) in Oman, according to a PTI report
JSW Infra bags ₹740 cr project to boost container capacity at Kolkata port
Jul 07, 2025, at 11:56 pm
Kolkata: JSW Infrastructure secured a ₹740 crore project from the Syama Prasad Mookerjee Port Authority to enhance the port’s container handling capacity, according to a company release on Monday.
AirAsia inks agreement with Airbus for 70 A321XLRs
Jul 07, 2025, at 10:00 pm
AirAsia Berhad, a wholly-owned subsidiary of Capital A Berhad, signed an agreement with Airbus valued at USD12.25 billion for 50 A321XLRs with rights for 20 A321XLRs.
World Bank report says India ranks as world’s 4th most equal society
Jul 06, 2025, at 11:14 pm
Beating the US and the UK, India has emerged as one of the ‘world’s most equal societies’ when it comes to income equality, as per data released by the World Bank.
Godrej Chemicals to invest over ₹750 cr in capacity expansion, eyes $1 billion revenue by 2030
Jul 04, 2025, at 11:29 pm
Kolkata: Godrej Industries Ltd’s Chemicals Business will invest more than ₹750 crore over the next few years to expand its manufacturing capacity, as the company sets its sights on becoming a $1 billion global business before 2030.
Microfinance Industry Network (MFIN) elects new chairperson and vice-chairperson
Jul 04, 2025, at 11:21 pm
Gurgaon: Microfinance Industry Network (MFIN) announced the appointment of Vineet Chattree as Chairperson and Dibyajyoti Pattanaik as Vice-Chairperson of the MFIN Board.
SAIL opens first overseas office in Dubai to drive exports, tap emerging markets
Jul 04, 2025, at 10:15 pm
Dubai: State-run steel producer SAIL has opened its first international office in Dubai as part of its strategy to explore opportunities in emerging markets, according to an official release issued on Friday.
Adani, NLC, GMR secure green nod for thermal expansion; NTPC, Jindal, JSW held back
Jul 04, 2025, at 09:54 pm
New Delhi: The Ministry of Environment, Forest and Climate Change’s expert appraisal committee (EAC) has cleared expansion proposals of thermal power plants by Adani Power Ltd, NLC India, and GMR Power, totalling an additional 2,470 megawatts (MW), Moneycontrol reported.
Surplus liquidity won't spur credit growth despite RBI's easing measures, says J.P. Morgan
Jul 04, 2025, at 07:10 pm
Mumbai: Despite a sizeable liquidity surplus in the banking system, bank lending in India is unlikely to get a significant lift, according to a report by J.P. Morgan economists, Reuters reported.
MSME sector accounts for 30.1% of India’s GDP: Manjhi
Jul 04, 2025, at 05:48 pm
Union MSME Minister Jitan Ram Manjhi MSME, which is the second highest contributor to the country's economy, accounts for 30.1% of India’s GDP.
Microsoft winds up Pakistan ops after 25 years; ex-president Arif Alvi blames regime change
Jul 04, 2025, at 05:37 pm
Islamabad: Global tech major Microsoft has decided to shut down its operations in Pakistan after a 25-year presence in the country.