Category: Business

Business

SPIC Q1 net profit rises to ₹66.71 cr. on operational efficiency, lower input costs

August 17, 2025 admin

SPIC Chairman Ashwin Muthiah Southern Petrochemical Industries Corporation Ltd reported a consolidated net profit after tax of ₹66.71 crore for the April-June 2025 quarter, aided by operational efficiency and lower input costs, the company said on Sunday (August 17, 2025). The city-based agri-nutrient and fertiliser firm had posted a net profit of ₹62.55 crore in…

Business

Data centre owners urge U.S. Treasury to keep renewable energy subsidy rules

August 16, 2025 admin

The Treasury Department is expected to issue updated guidelines as soon as August 18 [File] | Photo Credit: REUTERS The Data Center Coalition, which represents data center owners including Google, Amazon and Microsoft, called on U.S. Treasury Secretary Scott Bessent to uphold existing rules for wind and solar energy subsidies, saying they have enabled the…

Business

A paradigm shift: On India and its trade relations

August 15, 2025 admin

On August 11, 2025, the central government implored India’s seafood industry, that provides livelihoods to about 28 million people, to “bravely face” the U.S.’s tariffs of 25% that kicked in on August 7, 2025 and which could be raised to 50% on August 27, 2025, contingent upon the outcome of trade negotiations. On August 13,…

Business

Balancing code and commerce in U.K. trade compact

August 15, 2025 admin

‘Sovereignty and global engagement can power the modern Indian economy’ | Photo Credit: Getty Images/iStockphoto India’s digital trade compact with the United Kingdom breaks new ground. Chapter 12 of the India-U.K. Comprehensive Economic and Trade Agreement (CETA) sets out a bargain that trades some oversight tools for access, credibility and scale. The trade-off has sparked…

Business

Enforcement Directorate searches Vuenow Infratech premises

August 15, 2025 admin

The Directorate of Enforcement searched the residential and business premises of Vuenow group of companies, including IT solutions firm Vuenow Infratech , its director Rahul Anand Bhargav and other related people and entities, the agency said on Friday (August 15, 2025). The search was conducted on Thursday in premises across Punjab, Haryana and Maharashtra states…

Business

RSB Retail India files draft IPO papers with SEBI; seeks to raise ₹1,500 crore

August 15, 2025 admin

The Hyderabad-based company plans to utilise the net proceeds to the tune of ₹275 crore for payment of debt, ₹118 crore for setting up of new stores under the R. S. Brothers and South India Shopping Mall formats; and rest for general corporate purposes. | Photo Credit: Getty Images/istockphoto RSB Retail India Ltd, a multi-brand…

Business

Major GST shake-up: 12% and 28% slabs to be axed

August 15, 2025 admin

The Centre has proposed to reduce the number of slabs under the Goods and Services Tax system, retaining the 5% and 18% slabs, while introducing a lower concessional rate below 1% and a high “sin rate” of 40% on just five to seven items each, according to official sources. This would entail entirely doing away…

Business

Mahindra displays four concept SUVs eyeing global markets

August 15, 2025 admin

Vision.S, a concept SUV introduced by Mahindra and Mahindra. | Photo Credit: Special Arrangement Mahindra & Mahindra Ltd. on Friday (August 15, 2025) unveiled four new concept SUVs which will be introduced in the market between 2027 and 2030. These vehicles, to be developed on the company’s all-new modular, multi-energy NU_IQ platform, will include ICE and electric…

Business

India buys 2 million bpd Russian oil in August

August 15, 2025 admin

India’s purchase of Russian oil has risen to 2 million barrels per day (bpd) in August, as refiners continue to prioritise economic considerations in their sourcing decisions. As much as 38% out of an estimated 5.2 million barrels per day of crude oil imported in the first half of August came from Russia, according to…

Business

Centre moots two-rate GST system as part of PM Modi’s ‘Diwali gift’

August 15, 2025 admin

Representational image only. | Photo Credit: Getty Images/iStockphoto Prime Minister Narendra Modi’s “Diwali gift” to the people of India, of reforms to the Goods and Services Tax (GST) system, will likely be across three pillars — structural reforms, rate rationalisation, and ease of living — and could entail a shift to a two-rate GST system…

Business