Indian market crashes amid Trump's fresh tariffs, Sensex down over 1000 points
Feb 11, 2025, at 02:25 pm
The Indian market crashed on Tuesday, hours after US President Donald Trump announced a 25 percent tariff on import of steel and aluminium.
L&T bags ‘significant’ contract to construct Uzbekistan’s first AI-enabled data centre
Feb 10, 2025, at 02:27 pm
Keeping in tandem with Uzbekistan’s big AI plans, engineering giant Larsen & Toubro (L&T) has been awarded a contract to construct Uzbekistan’s first AI-enabled and sustainable 10-megawatt data centre in Tashkent.
Feb 09, 2025, at 04:47 pm
Mumbai: Shantanu Naidu, known for his close link with the late industrialist Ratan Tata, has been promoted to General Manager, Head of Strategic Initiatives, at Tata Motors after more than six years at Tata Sons.
Ola Electric’s Q3FY25 net loss widens to Rs 564 cr; revenue declines 19%
Feb 07, 2025, at 11:32 pm
Bengaluru: Ola Electric Mobility reported a net loss of Rs 564 crore for the third quarter of FY25, widening from Rs 376 crore in the same period last year, Mint reported.
RBI cuts repo rate by 25 bps to 6.25% after 5 yrs; industry welcomes move
Feb 07, 2025, at 11:25 pm
Mumbai: The Reserve Bank of India (RBI) on Friday reduced the repo rate by 25 basis points from 6.5% to 6.25% in another step to boost the economy, media reports said.
LIC Q3FY25 profit grows 17% to Rs 11,056 cr as employee costs decline
Feb 07, 2025, at 10:12 pm
Mumbai: Life Insurance Corporation of India (LIC), the country’s largest insurer, posted a 17% increase in its third-quarter profit, driven by lower employee-related expenses, Reuters reported.
Automobile Retail sales rise 7% in Jan, passenger vehicle sales up 16%
Feb 07, 2025, at 10:10 pm
New Delhi: Automobile retail sales in India grew 7% year-on-year in January, reaching 22.9 lakh units, driven by strong demand across all segments, according to the Federation of Automobile Dealers Associations (FADA).
PhonePe exits account aggregation business, surrenders NBFC-AA licence to RBI
Feb 07, 2025, at 10:09 pm
Bengaluru: PhonePe, India's largest fintech firm, announced on Friday its exit from the account aggregation (AA) business, citing challenges in onboarding enough partners to meet its expectations, media reports said.
India to release monthly unemployment data from April: Report
Feb 07, 2025, at 07:58 pm
New Delhi: The Indian government will start publishing monthly unemployment figures from April, a senior official said on Friday, aiming to provide more frequent data for policymakers, reported Reuters.
Infosys lays off 350 Mysore campus employees after two-and-a-half-year wait for onboarding
Feb 07, 2025, at 07:51 pm
Bengaluru: Infosys has laid off around 350 employees who were onboarded in October, following a prolonged wait of over two-and-a-half years after receiving their offer letters, according to sources familiar with the matter, Business Standard reported.
Mastering Productivity Tracking: The Key to Business Efficiency
Feb 07, 2025, at 07:32 pm
Why Productivity Tracking is Essential for Business Success In today’s fast-paced business world, productivity is one of the most important metrics that companies must keep a close eye on. Whether you're managing a small team or overseeing a large corporation, tracking productivity helps ensure that every hour is spent efficiently. Without clear visibility into how time is being used, it’s easy for businesses to experience operational inefficiencies and waste valuable resources. Productivity tracking enables companies to identify bottlenecks, streamline workflows, and optimize employee performance to achieve maximum output.
Amul to set up world's largest curd manufacturing facility in Kolkata with Rs 600 cr investment
Feb 07, 2025, at 04:35 pm
Kolkata: In a significant boost to India's dairy industry, Amul has announced plans to establish the world’s largest curd (dahi) manufacturing facility in Kolkata, media reports said.
RBI cuts repo rate by 25 basis points, first in five years
Feb 07, 2025, at 10:56 am
New Delhi/IBNS: The Reserve Bank of India (RBI) on Friday reduced the repo rate by 25 basis points from 6.5% to 6.25% in another step to boost the economy, media reports said.
Hero MotoCorp’s Q3 profit rises 12% to Rs 1,203 cr
Feb 06, 2025, at 11:35 pm
Mumbai: Hero MotoCorp reported a 12% year-on-year increase in standalone net profit for the December quarter, reaching Rs 1,203 crore compared to Rs 1,073 crore in the same period last year, Mint reported.
Bharti Airtel Q3 net profit surges 505% to Rs 14,781 cr, revenue up 19%
Feb 06, 2025, at 11:29 pm
Mumbai: Telecom giant Bharti Airtel reported a 505% year-on-year (YoY) surge in consolidated net profit to Rs 14,781 crore for the third quarter of FY25, compared to Rs 2,442 crore in the same period last year, Business Standard reported.
ITC Q3FY25 Results: Standalone profit rises 1% to Rs 5,638 cr, beats estimates; FMCG growth muted
Feb 06, 2025, at 11:16 pm
Mumbai: Diversified conglomerate ITC Ltd posted a 1% year-on-year rise in standalone net profit to Rs 5,638 crore for the quarter ended December 31, 2024, reported Moneycontrol.
Zomato to rebrand as Eternal Ltd, CEO announces expansion beyond food delivery
Feb 06, 2025, at 10:21 pm
Mumbai: Zomato is set to rebrand itself as Eternal Ltd., as the company's board has approved the name change, CEO Deepinder Goyal revealed in a letter to shareholders.
Ambuja Neotia Group to invest over Rs15,000 cr in West Bengal over next 5 yrs
Feb 06, 2025, at 12:23 am
Kolkata: Ambuja Neotia Group has announced an ambitious investment plan of over Rs15,000 crore in West Bengal over the next five years.
BlackRock to hire 1,200 in India, expands Mumbai office amid AI, data push
Feb 06, 2025, at 12:00 am
BlackRock Inc., the world’s largest asset manager, is set to expand its India operations by hiring around 1,200 employees across its support hubs in Mumbai and Gurugram, Moneycontrol reported on Wednesday.
Swiggy’s Q3FY25 net loss widens to Rs 799 cr amid rising capex, revenue up 31%
Feb 05, 2025, at 10:48 pm
Bengaluru: Swiggy reported a wider consolidated net loss of Rs 799 crore for the third quarter of FY25 (Q3FY25), compared to Rs 574.4 crore in the same period last year, reported Business Standard.
Govt issues stricter quality norms for over 150 products under QCOs
Feb 05, 2025, at 09:45 pm
New Delhi: The government has expanded quality compliance requirements by enforcing Quality Control Orders (QCOs) on over 150 products, covering household appliances and industrial materials, to strengthen safety and performance standards.
India accuses Kia of $155 million tax evasion; automaker denies wrongdoing: Report
Feb 05, 2025, at 07:23 pm
New Delhi: India has accused South Korean car manufacturer Kia of evading $155 million in taxes by misclassifying component imports, a charge the automaker denies, Reuters according to a government document and two sources.
Adani Wilmar eyes 10% sales growth next fiscal, buoyed by tax cuts and grocery app demand
Feb 05, 2025, at 07:15 pm
Mumbai: Adani Wilmar expects its sales volumes to increase by around 10 % in the next fiscal year, Reuters reported.
Linc Ltd Q3FY25 PAT rises 15.3% to Rs 872 lakh despite revenue dip
Feb 04, 2025, at 11:38 pm
Kolkata: Kolkata-based Linc Ltd reported a 15.3% year-on-year (YoY) increase in profit after tax (PAT) to Rs 872 lakh in Q3FY25, despite a slight 0.9% decline in total income to Rs 12,355 lakh.
Tata Power Q3FY25 profit rises 10% to Rs 1,188 cr
Feb 04, 2025, at 11:33 pm
Mumbai: Tata Power, one of India’s leading integrated power companies, announced its financial results for the December quarter on Tuesday, reporting a 10.35% year-on-year (YoY) increase in consolidated net profit to Rs 1,187.54 crore, compared to Rs 1,076.12 crore in the corresponding period last year.
100% FDI in insurance to boost innovation, sector growth: Moody’s
Feb 04, 2025, at 10:56 pm
New Delhi: Moody’s Ratings stated on Tuesday that increasing the foreign investment limit in India’s insurance sector from 74% to 100% is expected to attract more global players and strengthen the industry's growth, reported PTI.
JSW Infra to dilute 14% promoter stake for Rs 39,000 cr expansion, eyes acquisitions in logistics
Feb 04, 2025, at 10:49 pm
Mumbai: The Sajjan Jindal family plans to dilute a 14% stake in JSW Infrastructure to finance its Rs 39,000-crore capital expenditure over the next five years, The Economic Times reported.
RBI likely to cut policy rate by 75 bps in 2025, starting with 25 bps in Feb: SBI Research
Feb 04, 2025, at 05:59 pm
Mumbai: The Reserve Bank of India (RBI) is expected to cut its policy rate by 75 basis points (bps) during the upcoming easing cycle, beginning with two successive reductions in February and April 2025, according to an SBI Research report.
Asian Paints Q3FY25 profit drops 23.3% YoY to Rs 1,110 cr; revenue declines 6.1%
Feb 04, 2025, at 04:20 pm
Mumbai: Asian Paints on Tuesday posted a 23.3% year-on-year (YoY) decline in its consolidated net profit (attributable to owners) for the third quarter of FY25, ending in December, at Rs 1,110.48 crore, media reports said.
Union Budget: Nirmala Sitharaman shares reason behind increasing tax exemption to Rs. 12 lakh
Feb 02, 2025, at 10:36 pm
Union Finance Minister Nirmala Sitharaman has explained the reason behind increasing tax exemption to Rs. 12 lakh and said her government wanted to recognise the honest taxpayer and extend support to the middle class.