ADB trims India’s FY25 growth forecast to 6.5% as policy uncertainty, US tariffs hit exports
Jul 23, 2025, at 05:56 pm
New Delhi: India’s economy is expected to grow at 6.5 percent in FY2025, slightly below the 6.7 percent projected earlier in April, the Asian Development Bank said in its July 23 update, citing policy uncertainty and rising US tariffs as drags on exports and investment.
ED files ₹1,654 cr FEMA case against Myntra for alleged FDI violations
Jul 23, 2025, at 05:52 pm
Bengaluru: The Enforcement Directorate has initiated a ₹1,654 crore case under the Foreign Exchange Management Act (FEMA) against Myntra Designs Pvt Ltd and its affiliated entities for allegedly breaching foreign direct investment (FDI) regulations, media reports said.
Infosys Q1FY26 net profit rises 8.7% YoY to ₹6,921 cr
Jul 23, 2025, at 05:47 pm
Bengaluru: Infosys reported a consolidated net profit of ₹6,921 crore for the quarter ended June 30, 2025, marking an 8.7% year-on-year increase and exceeding analyst estimates, Moneycontrol reported.
PLI scheme helps cut pharma raw material imports by ₹1,362 cr: Govt to Rajya Sabha
Jul 23, 2025, at 12:41 am
New Delhi: Imports of pharmaceutical raw materials worth ₹1,362 crore were avoided by March 2025 due to domestic production of 25 identified items under the production-linked incentive (PLI) scheme for bulk drugs, the government informed Parliament on Tuesday.
Kirloskar Pneumatic Q1FY26 profit edges up 4% despite flat revenue; strong order book lends momentum
Jul 23, 2025, at 12:16 am
Pune: Kirloskar Pneumatic Company Ltd (KPCL) posted a 4% year-on-year rise in net profit for the quarter ended June 30, 2025, with profit after tax increasing to ₹28.1 crore from ₹26.9 crore a year ago, even as revenue remained flat.
Gita Gopinath to step down as IMF deputy chief, return to Harvard in August
Jul 22, 2025, at 11:49 pm
Washington, D.C.: Gita Gopinath, the second-ranking official at the International Monetary Fund (IMF), will step down from her post at the end of August to resume her academic career at Harvard University, Reuters reported, citing an IMF statement on Monday.
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
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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.