Category: Business

Business

Kia India gets $155-million tax demand notice over component imports

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Kia India gets 5-million tax demand notice over component imports

KIA Motors India manufacturing facility at Erramanchi in Anantapur district of Andhra Pradesh. File photo | Photo Credit: The Hindu Kia India has received a tax demand notice from the authorities over component imports even as the automaker has denied any wrongdoing noting that it has filed a “detailed response” regarding the matter. As per…

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Business

RBI MPC Meeting 2025: RBI cuts lending rate by 25 basis points to 6.25%

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RBI MPC Meeting 2025: RBI cuts lending rate by 25 basis points to 6.25%

RBI Governor Sanjay Malhotra during a press conference at RBI headquarters in Mumbai on February 7, 2025. | Photo Credit: PTI Lowering India’s interest rates for the first time in the last 57 months, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Friday unanimously cut the repo rate by 25…

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Business

Markets trade higher as RBI cuts policy rate by 25 bps

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Markets trade higher as RBI cuts policy rate by 25 bps

Benchmark indices Sensex and Nifty were trading in the positive territory on Friday (February 7, 2025) after the RBI under new Governor Sanjay Malhotra cut interest rate for the first time in nearly five years. The 30-share BSE benchmark Sensex traded 233.96 points higher at 78,290.08 in the late morning trade. The NSE Nifty quoted…

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Business

Kerala Budget 2025-26 LIVE updates: FM Balagopal says Kerala has survived most intense phase of financial crisis, announces Rs 750 crore for rehabilitation and rebuild initiatives in landslide-hit Wayanad

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Kerala Budget 2025-26 LIVE updates: FM Balagopal says Kerala has survived most intense phase of financial crisis, announces Rs 750 crore for rehabilitation and rebuild initiatives in landslide-hit Wayanad

The 2025-26 Kerala Budget will focus on accelerating the growth process that has been set in motion in the State, new investment models, and sustaining the pace on welfare spending, Finance Minister K.N. Balagopal said. At a pre-Budget chat, Mr. Balagopal said he was satisfied with his performance as Finance Minister, expressing confidence that Kerala…

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Business

Odisha joins States’ pitch for 50% share of divisible tax pool

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Odisha joins States’ pitch for 50% share of divisible tax pool

Odisha Chief Minister Mohan Charan Majhi, seen here with Prime Minister Narendra Modi. File | Photo Credit: ANI Odisha has joined the growing demand for the Finance Commission to raise States’ share in India’s divisible tax pool to 50%, from about 41% currently. The Sixteenth Finance Commission chairman Arvind Panagariya acknowledged the broader call by…

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Business

NMDC confident of demerged steel entity NSL clearing dues   

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NMDC confident of demerged steel entity NSL clearing dues   

File picture of National Mineral Development Corporation | Photo Credit: Special arragement Public sector miner National Mineral Development Corporation (NMDC) on Thursday (February 6, 2025) said it had commenced the sale of hot rolled (HR) products procured from the facility of demerged entity NMDC Steel (NSL) during the quarter ended December. It is also confident…

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Business

Byju’s suspended RP, former promoters move appellate tribunal NCLAT

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Byju’s suspended RP, former promoters move appellate tribunal NCLAT

Now matter has been referred to the Chairperson of the appellate tribunal, who will assign this matter to a new bench. File | Photo Credit: Reuters Former Resolution Professional of insolvency-bound edtech firm Byju’s has moved appellate tribunal NCLAT challenging disciplinary action recommended against him by the Bengaluru bench of NCLT. Besides, former promoters of…

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Business

Bharti Airtel profit soars more than 5-fold to ₹16,134 crore in Oct-Dec quarter

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Bharti Airtel profit soars more than 5-fold to ₹16,134 crore in Oct-Dec quarter

A worker cleans a Bharti Airtel logo inside its shop in Kolkata. File | Photo Credit: Reuters Bharti Airtel on Thursday (February 6, 2025) reported more than five-fold jump in consolidated net profit to ₹16,134.6 crore for the October-December quarter of 2024-25 compared to ₹2,876.4 crore in the year-ago period. India’s second-largest telecom company posted…

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