Category: Business

Business

After 14 years, Tamil Nadu records double-digit economic growth in real terms

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On right track: The data on per capita Net State Domestic Product (NSDP) at current prices show that Tamil Nadu ranked third among major States, with an estimated per capita income of ₹3,61,619. | Photo Credit: Getty Images/iStockphoto  After a gap of 14 years, Tamil Nadu has recorded a double-digit economic growth rate in real terms…

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Adani Ports & SEZ Q1 profit rises 6.54% to ₹3,310.60 crore

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According to the company statement, Haifa port operated unhindered throughout and reported 25% YoY growth in container volume and 38% YoY growth in other cargo volume during the quarter, leading to overall volume growth of 29% YoY. File | Photo Credit: The Hindu Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday (August 5, 2025)…

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Sensex drops 308 points ahead of RBI policy decision; RIL, HDFC Bank major drags

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Benchmark stock indices Sensex and Nifty closed lower on Tuesday (August 5, 2025) following selling in oil, gas and banking shares ahead of the Reserve Bank’s monetary policy announcement on August 6. The 30-share BSE Sensex fell by 308.47 points or 0.38% to close at 80,710.25. During the day, it declined 464.32 points or 0.57%…

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Rupee falls 16 paise to close at 87.82 against U.S. dollar

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Representative image | Photo Credit: Reuters The rupee depreciated 16 paise to close at 87.82 (provisional) against the U.S. dollar on Tuesday (August 5, 2025), as risk-off sentiment deepened after U.S. President Donald Trump renewed his threat to raise tariffs on Indian goods over New Delhi’s continued purchases of Russian oil. Forex traders said the…

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Business

Deloitte projects 6.4-6.7% GDP growth in FY26

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“India’s economic trajectory stands out in a turbulent global landscape,” Rumki Majumdar, Economist, Deloitte India, said. Deloitte India on Tuesday (August 5, 2025) projected India’s economic growth at 6.4-6.7 % in the current fiscal citing robust domestic fundamentals and expanding global opportunities. It, however, said that India must monitor its trade exposure and be…

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Tariff war will worsen economy more than COVID-19 pandemic: Kerala Finance Minister K.N. Balagopal

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Economist M.A. Oommen speaking at the seminar ‘Post-COVID Development Challenges and Response: Kerala through the lens of State budgets’ organised by the Gulati Institute of Finance and Taxation in Thiruvananthapuram on Tuesday. Finance Minister K.N. Balagopal is also seen | Photo Credit: special arrangement Kerala Finance Minister K.N. Balagopal has warned that Kerala needs to prepare well…

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Highway Infrastructure IPO fully subscribed within hours of opening for bidding

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Highway Infrastructure Ltd. on August 4, 2025, said it had raised ₹23.40 crore from the anchor investors, including HDFC Bank and Abans Finance Pvt. Ltd. Photo: https://www.highwayinfrastructure.in/ The initial public offer of Highway Infrastructure Ltd got fully subscribed within hours of opening for bidding on Tuesday (August 5, 2025). The three-day initial share sale received…

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Business

ED records statement of Reliance Group chairman Anil Ambani

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Anil Ambani reaches ED office in New Delhi on August 05, 2025. | Photo Credit: Shashi Shekhar Kashyap The Enforcement Directorate (ED) on Tuesday (August 5, 2025) recorded the statement of Reliance Group chairman Anil Ambani in connection with an alleged bank loan fraud case involving the group companies. Mr. Ambani reached the ED office…

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India’s services PMI at 11-month high in July 2025 on strong demand, including from abroad

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The HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P Global, inched up to 60.5 in July from 60.4 in June. (Image used for representation) | Photo Credit: Getty Images/iStockphoto Activity in India’s services sector stood at an 11-month high in July 2025, driven by strong demand, according to a private sector survey. The…

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