Category: Business

Business

Sensex tanks 542 points dragged down by blue-chip stocks, foreign fund outflows

July 24, 2025 admin

A broker reacts while watching the downfall of stocks at Bombay Stock Exchange in Mumbai. File | Photo Credit: PTI Equity markets fell on Thursday (July 24, 2025) with the benchmark Sensex tumbling 542.47 points, amid profit-taking in blue-chip stocks and continuous foreign fund outflows. Despite a positive start, the 30-share BSE Sensex failed to…

Business

Markets trade lower in early deals on profit-taking in blue-chip stocks, foreign fund outflows

July 24, 2025 admin

A view of the Bombay Stock Exchange in Mumbai. File | Photo Credit: AP Benchmark indices Sensex and Nifty declined in early trade on Thursday (July 24, 2025) amid profit-taking in blue-chip stocks and continuous foreign fund outflows. Despite a positive start, the 30-share BSE Sensex failed to carry forward the momentum and fell later…

Business

Rupee rises 17 paise to 86.24 against U.S. dollar in early trade

July 24, 2025 admin

Image used for representation purpose only. | Photo Credit: Reuters The rupee appreciated 17 paise to 86.24 against the U.S. dollar in early trade on Thursday (July 24, 2025), tracking the weakness of the American currency in the overseas market. Forex traders said uncertainty over the India-U.S. trade deal has been a huge overhang for…

Business

Trump’s AI plan prioritises deregulation to boost U.S. dominance

July 24, 2025 admin

U.S. President Donald Trump unveiled an aggressive, low-regulation strategy on Wednesday to boost big tech’s race to stay ahead of China on artificial intelligence and cement U.S. dominance in the fast-expanding field. Mr. Trump’s 25-page “America’s AI Action Plan” outlines three aims: accelerating innovation, building infrastructure, and leading internationally on AI. The administration frames AI…

Business

India’s mobile phone exports rise 127 times to ₹2 lakh crore in 10 years

July 24, 2025 admin

File picture of employees at the assembly line at a mobile phone battery manufacturing plant in Noida | Photo Credit: Reuters Export of mobile phones from India increased by 127 times to reach ₹2 lakh crore in the last 10 financial years, Parliament was informed on Wednesday (July 23, 2025). According to data shared by…

Business

Natco Pharma to acquire stake in South African firm Adcock Ingram for ₹2,000 crore

July 23, 2025 admin

Natco Pharma has made an offer to acquire nearly 36% stake in South African pharmaceutical company Adcock Ingram Holdings (AIHL) for $226 million (around ₹2,000 crore). The proposal to acquire the stake from minority shareholders in an all cash deal is a strategic investment aimed at to expanding geographic footprint in South Africa, Natco said…

Business

Kotak Mahindra Bank introduces premium service for affluent customers

July 23, 2025 admin

Kotak Mahindra Bank introduces exclusive banking products for India’s growing affluent segment, offering personalised services and benefits. File | Photo Credit: The Hindu Kotak Mahindra Bank introduced an invitation-only array of products for affluent customers at an event in Mumbai on Wednesday (July 23, 2025). “India’s affluent segment is growing rapidly, but their banking experience…

Business

Dr. Reddy’s Q1 net inches up amid decline in generics sales to U.S.

July 23, 2025 admin

The net profit of Dr. Reddy’s Laboratories’ came on a more than 11% increase in total revenue from operations to ₹.8,572.1 crore from ₹.7,696.1 crore. Photo: Special Arrangement Generic drugmaker Dr. Reddy’s Laboratories’ consolidated net profit for the June quarter increased marginally to ₹1,409.9 crore from Rs.1,392.4 crore year earlier as revenue from the all…

Business

Rupee falls for sixth straight session, ends 3 paise lower against U.S. dollar

July 23, 2025 admin

At the interbank foreign exchange, the Indian currency opened weak at 86.46 and touched the intra-day peak of 86.34 against the greenback on July 23, 2025. | Photo Credit: REUTERS The rupee stayed weak for the sixth consecutive session and settled with a loss of 3 paise at 86.41 (provisional) against the dollar on Wednesday…

Business

Infosys Q1 net profit rises 8.7% to ₹6,921 crore

July 23, 2025 admin

Buoyed by a strong deal pipeline, positive customer sentiments from key markets, and significant traction for AI and consolidation deals in the BFSI and other sectors, Infosys, India’s second-largest tech firm, on Wednesday revised its FY26 revenue guidance upwards. Infosys posted a net profit of ₹6,921 crore in the first quarter of FY26, a 8.7%…

Business