Business and financial news
New Delhi/IBNS: India’s trade deficit narrowed to a five-month low of $20.8 billion in September, down from $29.7 billion in August, as per data released on Wednesday (Oct. 16).
New Delhi: Ahead of Diwali, the Union Cabinet approved an increase in the minimum support price (MSP) for six Rabi crops for the 2025-26 marketing season, Union Minister Ashwini Vaishnaw announced on October 16 during a press briefing.
Ahmedabad/IBNS: The Gautam Adani-led conglomerate Adani Group decided to delay a planned sale of 20-year green dollar bonds on Tuesday (Oct. 15), despite marketing the deal to investors earlier in the day, reports Bloomberg.
New Delhi/IBNS: Starlink CEO Elon Musk recently stated that Starlink "will do our best to serve the people of India."
Mumbai: India’s gaming industry, which encompasses both real money gaming (RMG) and casual gaming, is projected to double its revenues over the next four years from its current base of Rs 33,000 crore.
Kolkata: Muthoot FinCorp Ltd has announced XVII Tranche II series of secured, redeemable, non-convertible debentures of face value of Rs 1000 each to raise an amount aggregating to Rs 250 crore which is within the shelf limit of Rs 2000 crore.
Kolkata: Haldia Petrochemicals Ltd (HPL) announced key additions to its leadership team with the appointment of Sanjiv Vasudeva as Executive Vice President & Chief Marketing Officer (CMO) and Bani Broto Banerjee as Senior Vice President - Business Development, said an official statement.
New Delhi: With just a 32 percent female labour force participation rate in South Asia, increasing women’s employment requires a holistic approach and action from all stakeholders, experts said at a discussion on “Policy Options to Raise Female Employment in India”, organised jointly by the National Council of Applied Economic Research and the World Bank here on Tuesday.
Mumbai: HCLTech's Q2 FY25 net profit rose 11 percent on-year to Rs 4,235 crore, media reports said.
Mumbai: HCLTech's Q2 FY25 net profit rose 11 percent on-year to Rs 4,235 crore, media reports said.
Mumbai: HDFC Life reported a 15 percent year-on-year increase in net profit for Q2 FY25, reaching Rs 433 crore, surpassing market expectations, media reports said.
The workers' strike at Samsung India's plant near Chennai has been called off after a resolution was reached, with management announcing several welfare measures on October 15, media reports said.
Mumbai: Reliance Industries Ltd's second-quarter net profit for the fiscal year rose by 9.4 percent compared to the previous quarter, reaching Rs 16,563 crore, surpassing analysts' expectations, driven by strong performance in its telecom and retail divisions.
Gurugram: Budget carrier IndiGo Tuesday announced that its corporate venture capital fund, IndiGo Ventures, has received the Alternative Investment Fund approval from the Securities and Exchange Board of India (SEBI), according to an official statement.
Paro/IBNS: Drukair - Royal Bhutan Airlines, the national flag carrier of Bhutan, has firmed up an order with Airbus for three A320neo and two A321XLR aircraft to expand its international network.
Mumbai/IBNS: Hyundai Motor India’s Rs 27,870-crore initial public offering (IPO) saw a modest response on its first day, with 10 percent of the total offer being subscribed within the first two hours.
New Delhi/IBNS: Retail inflation in India surged to a nine-month high in September, driven by rising food prices and the diminishing impact of a favourable base effect.
New Delhi/IBNS: Gunjan Tilak Raj Soni, the independent director of Indian multinational restaurant aggregator and food delivery company Zomato, has resigned from her position effective immediately due to increasing work commitments.
New Delhi/IBNS: Gunjan Tilak Raj Soni, the independent director of Indian multinational restaurant aggregator and food delivery company Zomato, has resigned from her position effective immediately due to increasing work commitments.
New Delhi/IBNS: Oravel Stays, the parent company of the global travel and hospitality firm Oyo, is reportedly in discussions to raise $200 million through a primary funding round, according to a report by Business Standard.
Mumbai/IBNS: India's beloved industrialist and philanthropist Ratan Tata's demise last week triggered emotions and mournings all across the country.
Three economists have been awarded the Nobel Prize for their studies of 'how institutions are formed and affect prosperity'.
New Delhi/IBNS: Union Minister for Commerce and Industry Piyush Goyal said that two way trade between Europe and India can grow exponentially if both sides understand each other's concern and cooperate meaningfully.
New Delhi/IBNS: Noel Tata, the half-brother of industrialist Ratan Tata who passed away on Wednesday, has been appointed as the chairman of Tata Trusts, media reports said.
Mumbai: As Indians from all walks of life mourn the loss of the country’s beloved industrialist Ratan Tata, business leaders have shared heartfelt tributes to the iconic figure, whose life and legacy have left an enduring impact for generations to come.
Mumbai/IBNS: Gold prices edged higher in the domestic futures market on Thursday (Oct. 10) morning, ahead of key US inflation data that could shape the Federal Reserve’s future monetary policy decisions.
Mumbai/IBNS: Hours after Ratan Tata's death, Tata Group stocks experienced a surge in buying activity during early trading on Thursday (Oct. 10).
Mumbai/IBNS: The demise of Tata Group chairman Ratan Tata has brought attention to the future leadership of Tata Trusts, where his half-brother, Noel Tata, is emerging as a significant figure, reports said.
New Delhi: Andhra Pradesh cabinet minister Nara Lokesh announced on Wednesday that Tata Consultancy Services (TCS) will establish an IT facility in the state, which is expected to employ 10,000 people, news agency PTI reported.
New Delhi: Andhra Pradesh cabinet minister Nara Lokesh announced on Wednesday that Tata Consultancy Services (TCS) will establish an IT facility in the state, which is expected to employ 10,000 people, news agency PTI reported.
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