India sees opportunities to engage in Turkmenistan’s energy sector
Nov 15, 2024, at 04:31 pm
Turkmenistan presents India with an opportunity to boost energy security, strengthen regional ties, and deepen its strategic influence in Central Asia.
Rapido GOV grows 2.5x in Q2FY25, loss narrows to Rs 17 cr
Nov 15, 2024, at 05:49 am
Bengaluru: Low-cost mobility platform Rapido on Thursday reported a 2.5x increase in Gross Order Value (GOV), reaching Rs 2,461 crores in Q2FY25, up from Rs 977 crores in Q2FY24.
Reliance, Viacom 18, Walt Disney complete merger, creating India’s largest integrated media platform
Nov 15, 2024, at 05:30 am
Mumbai: Reliance Industries Limited (RIL), Viacom18 Media Private Limited, and The Walt Disney Company announced on Thursday the official completion of their merger, which combines Viacom18’s media and JioCinema businesses with Star India Private Limited (SIPL), media reports said.
Hero MotoCorp Q2FY25 profit rises 14% YoY to Rs 1,204 cr
Nov 15, 2024, at 05:18 am
Mumbai: Hero MotoCorp, the world’s largest two-wheeler manufacturer, reported a 14% YoY increase in net profit, reaching Rs 1,204 crore in Q2 FY25, driven by higher sales volumes, media reports said.
Blackstone eyes 20% stake in Haldiram's snacks business amid valuation clash
Nov 15, 2024, at 04:39 am
Mumbai: Blackstone has abandoned plans to acquire a majority stake in India’s Haldiram's snacks business and is now negotiating for a 20% stake at a valuation of $8 billion, which remains a point of contention, Reuters reported on Thursday.
Nov 14, 2024, at 10:53 pm
Kolkata/IBNS: At least 31 women entrepreneurs from the north-eastern states of Tripura and Mizoram with nano enterprises participated in a two-day bootcamp in Kolkata's American Center to learn about entrepreneurship skills and discuss next steps for building small businesses.
Boeing to layoff 10% workforce to boost efficiency but risks losing top talent: Report
Nov 14, 2024, at 09:42 pm
Boeing Co. will begin issuing layoff notices on Wednesday to employees impacted by its latest round of job cuts, a move that reflects the company's effort to boost efficiency while striving to retain a skilled workforce critical for future growth, Bloomberg reported.
Continuous FPI sell-off drives Rs 27,680 crore outflow from Indian equities in November
Nov 14, 2024, at 08:30 pm
Mumbai/IBNS: Foreign portfolio investors (FPIs) continued their withdrawal from the Indian stock market on Wednesday, marking the 33rd consecutive day of outflows.
Piyush Goyal calls on companies to lower prices to boost consumption
Nov 14, 2024, at 08:13 pm
New Delhi/IBNS: During a period when India Inc. is concerned about weakened consumer demand amidst a cyclical slowdown, Commerce and Industry Minister Piyush Goyal suggested that businesses prioritise competitive pricing over high margins to attract consumers.
Piyush Goyal says RBI should definitely cut interest rates; central bank's governor responds
Nov 14, 2024, at 08:08 pm
New Delhi/IBNS: Union Commerce Minister Piyush Goyal advocated for an interest rate cut by the Reserve Bank of India (RBI) on Thursday (Nov. 14), emphasizing that food inflation should not be a determining factor in rate decisions.
Bitcoin surges past $93,000 amid Trump's pro-crypto stance
Nov 14, 2024, at 06:14 pm
Mumbai/IBNS: Bitcoin surged past $93,000 on Thursday (Nov. 14), hitting a record high as its upward trend gained strength, driven by optimism about potential pro-crypto regulatory policies under President-elect Donald Trump and expectations of further interest rate cuts by the US Federal Reserve.
India's outward FDI grows $3.24 billion in Oct 2024: RBI data
Nov 14, 2024, at 06:32 am
Mumbai: India’s outward foreign direct investment (FDI) commitments reached $3.24 billion in October 2024, rising from $2.55 billion in October 2023. However, on a month-over-month basis, commitments declined from $3.77 billion in September 2024, according to the Reserve Bank of India (RBI).
India inches closer to non-fossil fuel target as renewable energy capacity crosses 200 GW
Nov 14, 2024, at 02:55 am
New Delhi: India’s total renewable energy capacity has crossed 200 GW (gigawatt), aligning with the country's ambitious renewable energy target of achieving 500 GW from non-fossil sources by 2030.
India's automobile industry registers robust growth in October 2024: SIAM report
Nov 14, 2024, at 02:21 am
New Delhi: India’s automotive sector demonstrated resilient growth in October 2024, with total vehicle production reaching 28.83 lakh units, a 9.9% increase from the previous year, according to the latest SIAM report.
Nov 13, 2024, at 11:50 pm
Mumbai: Reliance Retail is temporarily shutting down several stores in its Centro department chain as part of a strategic repositioning to emphasize its in-house brands and labels, many of which are launched in India under licensing partnerships, The Economic Times reported.
India’s edible oil imports drop 3.09% to 159.6 lakh tonnes
Nov 13, 2024, at 10:51 pm
New Delhi: India’s edible oil imports dropped by 3.09% to 159.6 lakh tonnes in the 2023-24 oil marketing year, primarily due to increased domestic oilseeds production and a decline in demand amid rising prices, according to the Solvent Extractors Association of India (SEA).
Hyundai Motor India aims to establish itself as a global production hub amid rising demands
Nov 13, 2024, at 09:14 pm
Mumbai/IBNS: Hyundai Motor India is intensifying efforts to establish India as a key production hub for emerging markets, responding to increased domestic and export demand, the company said on Wednesday (Nov. 13).
Swiggy shares jump 15% following modest market debut
Nov 13, 2024, at 08:53 pm
Mumbai/IBNS: Online food ordering and delivery company Swiggy's shares launched on the National Stock Exchange (NSE) with a 7.69 percent premium on Wednesday (Nov. 13), opening at Rs 420 per share compared to its IPO price of Rs 390.
Market crash: Sensex, Nifty 50 fall for 5th consecutive session; drops over 9% from peak
Nov 13, 2024, at 07:21 pm
Mumbai/IBNS: Indian markets continued their downward trend for the fifth consecutive session on Wednesday (Nov. 14) influenced by weak global cues, a strengthening dollar, a depreciating rupee, and persistent foreign investor outflows.
India’s industrial output rebounds with 3.1% growth in September, driven by manufacturing
Nov 13, 2024, at 06:08 am
New Delhi: India's industrial output increased by 3.1% in September 2024, primarily due to a recovery in manufacturing activity, according to data from the Ministry of Statistics and Programme Implementation.
ONGC Q2FY25 standalone net profit grows 17% to Rs 11,984 cr
Nov 13, 2024, at 03:15 am
Mumbai: State-owned ONGC reported a 17% rise in standalone net profit for the quarter ending September 2024, reaching Rs 11,984 crore compared to Rs 10,238 crore a year earlier, media reports said.
Nykaa's Sept qtr consolidated net profit jumps 66% to Rs 13 cr
Nov 13, 2024, at 02:57 am
Mumbai: FSN E-Commerce Ventures, the parent company of the omnichannel beauty and fashion retailer Nykaa, reported a 66% increase in its consolidated net profit for the quarter ending September 2024, reaching Rs 13 crore compared to Rs 7.8 crore in the same quarter last year, media reports said.
India may consider lowering tariffs on goods that don't impact domestic industry: Sitharaman
Nov 13, 2024, at 02:51 am
New Delhi: In response to U.S. President-elect Donald Trump’s recent remarks labelling India as the ‘biggest’ imposer of import tariffs, Finance Minister Nirmala Sitharaman indicated on Tuesday that she may reconsider increased tariffs on goods that do not impact the domestic industry, media reports said.
NTPC Green Energy seeks valuation of $12 billion for IPO: Report
Nov 13, 2024, at 01:55 am
Mumbai: NTPC Green Energy Ltd., a subsidiary of state-run NTPC Ltd., is reportedly aiming for a valuation of around $12 billion in what could be one of India’s largest IPOs in the renewable energy sector, Bloomberg reported.
Swiggy hiring top Flipkart, Amazon executives amid expansion plans
Nov 13, 2024, at 01:15 am
Mumbai: Amid expansion plans, food delivery major Swiggy is hiring more executives from e-commerce companies like Walmart-owned Flipkart and Amazon, with at least 12 senior executives from these companies stepping into Swiggy, Moneycontrol reported on Tuesday.
India's Oct retail inflation peaks 12-month record to 6.2%
Nov 13, 2024, at 12:54 am
New Delhi: India’s retail inflation reached a 14-month peak of 6.2% in October, up from 5.5% in September, driven primarily by escalating food inflation due to rising vegetable prices.
Hyundai Motor India's Q2FY25 profit drops 16.5% to Rs 1,338 cr
Nov 12, 2024, at 11:17 pm
Mumbai: Hyundai Motor India, India’s second-largest automaker by market share, reported a 16.5% drop in quarterly profit, attributed to weaker domestic sales and export disruptions from Red Sea tensions, Reuters reported.
Air India completes merger with Vistara, creating India’s largest full-service carrier
Nov 12, 2024, at 11:12 pm
New Delhi/IBNS: The Air India Group has successfully completed the operational integration and legal merger of Air India and Vistara, finalizing a major step in its post-privatization transformation.
Nov 12, 2024, at 09:43 pm
New Delhi/IBNS: Elon Musk's Starlink is making progress with its license application in India, with Telecom Minister Jyotiraditya Scindia confirming on Tuesday (Nov. 12) that the Elon Musk-led company is working to fulfill government-mandated security requirements.
RIL to invest Rs 65,000 crore in Andhra Pradesh for 500 biogas plants
Nov 12, 2024, at 09:11 pm
Mumbai/IBNS: Reliance Industries Ltd (RIL) is gearing up to make its largest investment outside of Gujarat, committing Rs 65,000 crore to construct 500 compressed biogas plants in Andhra Pradesh over the next five years, as reported by The Economic Times.