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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…
Read More “India’s mobile phone exports rise 127 times to ₹2 lakh crore in 10 years” »
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…
Read More “Natco Pharma to acquire stake in South African firm Adcock Ingram for ₹2,000 crore ” »
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…
Read More “Kotak Mahindra Bank introduces premium service for affluent customers” »
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…
Read More “Dr. Reddy’s Q1 net inches up amid decline in generics sales to U.S. ” »
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…
Read More “Rupee falls for sixth straight session, ends 3 paise lower against U.S. dollar” »
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%…
Read More “Infosys Q1 net profit rises 8.7% to ₹6,921 crore” »
Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto Net foreign direct investment (FDI) inflows stood at $35 million in May 2025, 98% lower than the $2.2 billion seen in May 2024 and 99% lower than the $3.9 billion in April 2025, according to new data released by the Reserve Bank of India on…
Read More “Net FDI in May 2025 down 98% to $35 mn on lower gross inflows & higher repatriation” »
Benchmark Sensex jumped nearly 540 points while Nifty closed above the 25,200 level on Wednesday (July 23, 2025) on heavy buying in banking giants and oil shares and a positive trend in Asian markets after Japan secured a trade deal with the U.S. The 30-share BSE Sensex jumped 539.83 points or 0.66% to settle…
Read More “Sensex jumps nearly 540 points on buying in bluechip banks, oil shares” »
File picture of U.S. President Donald Trump | Photo Credit: Reuters The announcements by U.S. President Donald Trump and the White House regarding trade deals with Japan and details of the deal with Indonesia on Tuesday (July 22, 2025) will have significant implications and lessons for a potential trade deal with India, according to officials…
Read More “Trump tariffs: US–Japan deal finalized; Indonesia holds lessons and warnings for India” »
Image for representation only | Photo Credit: Reuters The rupee depreciated 2 paise to 86.40 against the U.S. dollar in early trade on Wednesday (July 23, 2025), amid outflow of foreign funds and higher crude oil prices. According to forex traders, positive sentiment in domestic equity markets capped a sharp fall in the rupee even…
Read More “Rupee falls 2 paise to 86.40 against U.S. dollar in early trade” »