Category: Business

Business

Tamil Nadu among States that saw a dip in capex in Q1, FY2026

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Tamil Nadu among States that saw a dip in capex in Q1, FY2026

Capital expenditure (capex) goes towards creation of fixed assets, such as roads and bridges, irrigation structures, schools, hospitals, along with investments made in Public Sector Undertakings. | Photo Credit: Getty Images/iStockphoto Tamil Nadu is among the States which saw a decline in capital expenditure in the first quarter of 2025-2026. Capital expenditure (capex) goes towards creation…

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Business

ICICI Bank reports lowest attrition rate among private peers in last 3 fiscal years

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ICICI Bank reports lowest attrition rate among private peers in last 3 fiscal years

ICICI Bank. | Photo Credit: Reuters ICICI Bank has reported the lowest employee attrition rate among large private sector lenders in the last three financial years, reflecting higher stickiness due to competitive remuneration and a better working environment. During the last three financial years, the industry has also witnessed a sustained decline on a year-on-year…

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Business

FPIs withdraw close to ₹18,000 crore from equities in August on trade tension, disappointing earnings

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FPIs withdraw close to ₹18,000 crore from equities in August on trade tension, disappointing earnings

Representational file image. | Photo Credit: M. Srinath Foreign investors have pulled out nearly ₹18,000 crore from Indian equities so far this month, weighed down by escalating U.S.-India trade tensions, disappointing first-quarter corporate earnings, and a weakening Indian rupee. With this, the total outflow by Foreign Portfolio Investors (FPIs) in equities has reached ₹1.13 lakh…

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Business

Unhygienic, dirty, stained seat to passenger: Delhi consumer forum tells Indigo Airlines to pay ₹1.5 lakh compensation

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Unhygienic, dirty, stained seat to passenger: Delhi consumer forum tells Indigo Airlines to pay ₹1.5 lakh compensation

IndiGo countered the claims and said it took cognisance of the issue faced by the passenger and assigned her a different seat, on which she willingly travelled and completed her journey to New Delhi. Image used for representational purposes only. | Photo Credit: Reuters A Delhi consumer forum has held Indigo Airlines guilty of deficiency…

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Business

Will India cave in to U.S. pressure on Russian oil? | Explained

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Will India cave in to U.S. pressure on Russian oil? | Explained

The story so far: On August 6, U.S. President Donald Trump announced a whopping 25% penalty tariff on Indian goods for India’s import of Russian oil. This was on top of the 25% reciprocal tariffs announced on July 31 after Indian and U.S. negotiators failed to reach a Free Trade Agreement (FTA). Also Read |…

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Business

How is AI reshaping India’s infotech sector? | Explained

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How is AI reshaping India’s infotech sector? | Explained

The story so far: Recent announcements from Tata Consultancy Services (TCS) — a reported freeze on experienced hires, and the planned removal of 12,000 employees — have sent ripples of anxiety across the Indian tech sector. The Indian IT industry, which generates $280 billion in revenue and employs more than 5.8 million people, is at…

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Business

Govt may roll out ₹2,250 crore export promotion mission soon: Official

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Govt may roll out ₹2,250 crore export promotion mission soon: Official

Image used for representative purpose only. | Photo Credit: Reuters The government is expected to soon announce support measures under the proposed ₹2,250 crore export promotion mission to help insulate industry from global trade uncertainties arising from Trump tariffs, an official said. “We are in dialogue with exporters to see how we can support them…

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Business

Prestige Group acquires 102 acres of land in Q1 to build homes worth ₹20k crore

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Prestige Group acquires 102 acres of land in Q1 to build homes worth ₹20k crore

Prestige Khoday Tower. Image used for representative purpose only. | Photo Credit: K. Bhagya Prakash Realty firm Prestige Estates Projects Ltd has acquired 102 acres of land in the April-June quarter to build housing projects, with a potential to generate revenue of more than ₹20,000 crore. Looking to expand its residential real estate business, Bengaluru-based…

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Business