PNB reports Rs 270.57 cr fraud by Gupta Power Infrastructure to RBI
Feb 19, 2025, at 07:26 pm
Mumbai: State-owned Punjab National Bank (PNB) has reported a fraud of Rs 270.57 crore involving Odisha-based Gupta Power Infrastructure Ltd to the Reserve Bank of India (RBI).
ONGC seeks JV partners to build ethane carriers for petrochemical plant
Feb 19, 2025, at 06:04 pm
Mumbai: India’s Oil and Natural Gas Corporation (ONGC) is seeking joint venture partners to develop very large ethane carriers (VLECs) for transporting feedstock to its petrochemical plant in western India, according to a document published on its website, Reuters reported.
Tata Steel UK secures approval for Electric Arc Furnace in Port Talbot
Feb 18, 2025, at 11:32 pm
London: Tata Steel UK announced on Tuesday that it has secured approval for its state-of-the-art Electric Arc Furnace (EAF) project in Port Talbot, South Wales.
Tesla signals India entry with job listings amid eased import duties
Feb 18, 2025, at 10:13 pm
After years of stalled plans due to high import taxes and logistical hurdles, Tesla appears to be gearing up for its long-awaited India entry.
ICRA projects India’s Q3 GDP growth at 6.4% on higher govt spending
Feb 18, 2025, at 09:28 pm
New Delhi: ICRA on Tuesday estimated India’s GDP to grow by 6.4% in the December quarter, citing increased government spending despite uneven consumption trends, reported The Economic Times.
Licious eyes 2026 IPO, targets profitability as it expands offline presence
Feb 18, 2025, at 09:20 pm
Bengaluru: Temasek-backed online meat and seafood retailer Licious is gearing up for an initial public offering (IPO) in 2026, with a focus on achieving profitability ahead of the listing, Bloomberg reported.
Mittal’s entity sells $976 million Airtel stake; Bharti Telecom boosts holding: Report
Feb 18, 2025, at 08:23 pm
Mumbai: A company controlled by billionaire Sunil Bharti Mittal has sold shares worth $976 million in India’s second-largest wireless carrier, as the first-generation entrepreneur looks to raise funds for new business ventures, Bloomberg reported.
India’s top 500 private firms worth $3.8 trillion, surpassing 2023 GDP
Feb 18, 2025, at 08:13 pm
New Delhi: The combined valuation of India’s 500 most valuable non-state-run companies stood at Rs 324 trillion ($3.8 trillion) in 2024, surpassing the country’s estimated 2023 gross domestic product (GDP) of $3.5 trillion, according to a report released by Axis Bank’s Burgundy Private and Hurun India.
EU, Indian Ministry of Textiles launch seven projects targeting handicraft industry
Feb 17, 2025, at 04:45 pm
The European Union (EU) and the Indian Ministry of Textiles recently jointly launched seven new projects to strengthen South Asian country's textile and handicraft industry, on the sidelines of Bharat Tex.
Mother Dairy set to surpass Rs 17,000 cr turnover in FY25 with 15% growth
Feb 16, 2025, at 08:08 pm
Mother Dairy is projected to witness a 15% increase in turnover this fiscal, surpassing Rs 17,000 crore, propelled by robust demand for its food products and an expanded production and distribution network, news agency PTI reported.
BSNL posts Rs 262 crore profit in Q3FY25, its first since 2007
Feb 15, 2025, at 12:48 am
Mumbai: Bharat Sanchar Nigam Limited (BSNL) on Friday reported a Rs 262 crore profit for the third quarter of the financial year, its first since 2007, media reports said.
Adani Power to fully restore supply to Bangladesh: Report
Feb 15, 2025, at 12:11 am
Adani Power has agreed to resume full electricity supply from its 1,600 MW plant in India to Bangladesh within days, ending a three-month partial shutdown, Reuters report.
Reliance Consumer acquires Velvette to expand presence in personal care segment
Feb 15, 2025, at 12:04 am
Mumbai: Reliance Consumer Products Limited (RCPL) announced on Friday that it has acquired Velvette, an FMCG brand recognised for its presence in the personal care segment.
RBI supersedes New India Cooperative Bank board, appoints administrator amid fund misuse allegations
Feb 14, 2025, at 11:48 pm
Mumbai: The Reserve Bank of India (RBI) on Friday took control of the board of Mumbai-based New India Cooperative Bank for a year and appointed former SBI chief general manager Shreekant as the administrator to oversee its operations, media reports said.
Hindalco’s Q3FY25 net profit surges 60% to Rs 3,735 cr; revenue up 11%
Feb 13, 2025, at 10:45 pm
Mumbai: Hindalco Industries reported a 60% surge in its consolidated net profit for the December quarter, reaching Rs 3,735 crore, up from Rs 2,331 crore in the same period last year, Mint reported.
JPMorgan Chase begins layoffs in 2025; Meta to cut jobs while expanding AI hiring
Feb 13, 2025, at 10:00 pm
New York: JPMorgan Chase has begun notifying employees of job cuts as part of its planned downsizing throughout 2025, according to reports.
Benefits of using personal loan calculators for accurate EMI estimates
Feb 13, 2025, at 01:23 pm
Estimating your EMIs before applying for a personal loan is important for efficient financial planning. It gives you a clear idea of your monthly outflows, helping you manage expenses better. While manual calculations can be time-consuming and prone to errors, using smart online tools like EMI calculators simplifies the process, saving time and effort. IDFC FIRST Bank's personal loan EMI calculator is an excellent online tool that provides accurate and quick results, enabling you to make informed borrowing decisions.
Tata Power Renewables, ONGC partner to explore battery energy storage solutions
Feb 12, 2025, at 11:46 pm
New Delhi: Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has signed a non-binding Memorandum of Understanding (MoU) with Oil and Natural Gas Corporation Limited (ONGC) to explore joint opportunities in the Battery Energy Storage System (BESS) and its value chain.
India’s LNG imports to double by 2030: IEA report
Feb 12, 2025, at 11:26 pm
New Delhi: The International Energy Agency (IEA) on Wednesday projected that India’s liquefied natural gas (LNG) imports will more than double by 2030, driven by sustained demand growth and a slower-than-anticipated rise in domestic production.
Rising state debts in India widen fiscal divide, posing economic risks: NCAER report
Feb 12, 2025, at 10:02 pm
New Delhi: India's state-level debt has surged significantly, with some states now facing debt-to-GDP ratios nearing 50%, raising concerns about fiscal sustainability.
New Income Tax Bill, 2025, set to replace 1961 Act from Apr 2026
Feb 12, 2025, at 08:35 pm
New Delhi: The Income Tax Bill, 2025, which is expected to be tabled in Parliament soon, will come into effect from April 1, 2026, replacing the Income Tax Act, 1961, Business Standard reported.
India’s retail inflation drops to 4.6% in Jan, industrial growth slows to 3.2%
Feb 12, 2025, at 06:06 pm
New Delhi: India's retail inflation eased to 4.6% in January 2025, down from 5.22% in December, as food price pressures subsided.
Kirloskar Brothers' Q3FY25 net profit jumps 43.8% to Rs 118.5 cr, revenue up 18.6%
Feb 12, 2025, at 05:51 pm
Pune: Kirloskar Brothers Limited reported a 43.8% rise in net profit to Rs 118.5 crore for the third quarter of FY25, compared to Rs 82.4 crore in the year-ago period, driven by strong operational performance.
Ashok Leyland Q3FY25 profit rises 36% to Rs 762 cr, shares jump 5%
Feb 12, 2025, at 04:44 pm
Chennai: Ashok Leyland reported a 36% jump in consolidated net profit to Rs 761.92 crore for the third quarter of FY25, up from Rs 560.21 crore a year earlier, driven by strong truck and bus sales and sustained fleet replacement demand.
Vodafone Idea narrows Q3 loss to Rs 6,609 cr, ARPU rises 19.3% YoY
Feb 12, 2025, at 12:24 am
New Delhi: Vodafone Idea reported a smaller-than-expected loss for the third quarter, aided by higher per-user revenue following July’s tariff hikes, Reuters reported.
Net direct tax collection rises 14.69% to Rs 17.78 trillion in FY25
Feb 11, 2025, at 11:33 pm
New Delhi: India's net direct tax collection grew 14.69% year-on-year to over Rs 17.78 trillion so far this fiscal, according to data released by the Central Board of Direct Taxes (CBDT) on Tuesday.
Titagarh announces leadership reshuffle and expansion into shipbuilding, safety, and signalling
Feb 11, 2025, at 11:24 pm
Kolkata: Titagarh Rail Systems Limited (TRSL) has unveiled a major management restructuring alongside the launch of two new business verticals: Shipbuilding and Maritime Systems (SMS) and Safety and Signalling Systems (SSS).
Apollo Hospitals reports 14% YoY revenue growth in Q3FY25; PAT surges 52%
Feb 11, 2025, at 10:47 pm
Hyderabad: Apollo Hospitals posted a 14% year-on-year (YoY) increase in revenue for Q3 FY25, reaching Rs 5,527 crore, Mint reported.
IRCTC Q3 profit rises 14% to Rs 341 cr, tourism segment leads growth
Feb 11, 2025, at 07:04 pm
Mumbai: State-owned Indian Railway Catering and Tourism Corporation (IRCTC) posted a 14% increase in consolidated net profit, reaching Rs 341 crore for the third quarter (Q3) of FY25, up from Rs 200 crore in the same period last year, Business Standard reported.
PM Modi advocates responsible AI governance at AI Action Summit in Paris
Feb 11, 2025, at 05:23 pm
Paris: Prime Minister Narendra Modi on Tuesday advocated for an unbiased approach to building data sets for AI models, emphasising collaboration between countries to harness artificial intelligence (AI) for economic growth, social transformation, and sustainable development.