Stay Connected. Stay Informed.
Business
The Indian economy is projected to expand by 6.6% in 2025, primarily supported by robust private consumption and investment, according to a United Nations report that said economic growth in South Asia is expected to remain robust this year mainly driven by the “strong performance” in India. The UN World Economic Situation and Prospects 2025,…
Image used for representative purpose only. The appliances and consumer electronics industry has urged the government to bring a second round of the Production-Linked Incentive (PLI) scheme for high-value components like compressors and motors and rationalise taxes. It has also asked for reductions in tariffs on imports, which will help to make the products competitive…
From the 30-share Sensex pack, Tata Consultancy Services jumped 4% after the IT services company reported an 11.95% jump in December quarter net profit to ₹12,380 crore. File | Photo Credit: Special arrangement Benchmark indices Sensex and Nifty rebounded in early trade on Friday (January 10, 2025) after two days of decline but soon succumbed…
Read More “Markets give up early gains; trade lower on foreign fund exodus” »
Image used for representative purpose only. | Photo Credit: Reuters The rupee dipped 1 paisa to 85.87 against the U.S. dollar in early trade on Friday (January 10, 2025) due to a firm American currency and massive outflow of foreign capital. Higher crude oil prices overseas also weighed on the Indian currency though it found…
Read More “Rupee falls 1 paisa to 85.87 against U.S. dollar in early trade” »
Adani Group announced its exit from Adani Wilmar last month | Photo Credit: Reuters The Adani Group will raise ₹7,148 crore from sale of up to 20% stake in FMCG firm Adani Wilmar in the open market as part of its strategy to exit non-core activities to focus on infrastructure business. The conglomerate, which last month…
Read More “Adani Group to raise ₹7,148 crore from Adani Wilmar stake sale” »
The first advance estimates of India’s Gross Domestic Product (GDP) in 2024-25, released by the National Statistics Office (NSO) this week, shows a decline in the real GDP growth rate to 6.4% from 8.2% registered in 2023-24. This is lower than the 6.5 to 7% range projected by the Economic Survey in July 2024. The…
Larsen & Toubro (L&T) chairman S.N. Subrahmanyan sparked an online outrage with his comments advocating a 90-hour work week and suggesting that employees should even give up Sundays. “How long can you stare at your wife,” he is heard saying in a purported video address to employees where he urged them to spend less time…
The overall expenses grew 6.33% to ₹48,550 crore from the ₹45,658 crore in the year-ago period. File | Photo Credit: Reuters The country’s largest IT services exporter TCS on Thursday (January 9, 2025) reported an 11.95% jump in net profit to ₹12,380 crore in the December quarter. The Tata Group company had posted a net…
Read More “TCS Q3 net profit rises 11.95% to ₹12,380 crore” »
Photo used for representation purpose only. | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty tumbled nearly 1 per cent on Thursday (January 9, 2025) due to heavy selling in market heavyweights HDFC Bank, TCS and Reliance as investors turned nervous over earnings growth concerns amid unabated foreign capital outflows. Besides, abysmally low Chinese…
Photo used for illustration purpose only | Photo Credit: Reuters The rupee recovered slightly from its record low and settled with a gain of 4 paise at 85.87 (provisional) against the U.S. dollar on Thursday (January 9, 2025) amid firm American currency and elevated level of crude oil prices. According to forex analysts, relentless selling…
Read More “Rupee recovers from record low to settle 4 paise higher at 85.87 against U.S. dollar” »
