Category: Business

Business

HDFC Bank posts in-line Q3 profit on higher net interest income

January 22, 2025 admin

The bank’s results are not comparable on a year-to-year basis as it merged with its parent HDFC in July 2023. File | Photo Credit: Reuters HDFC Bank on Wednesday (January 22, 2025) reported third-quarter profit largely in-line with analysts’ estimates, helped by an increase in net interest income (NII). The country’s biggest private lender posted…

Business

Majority of individual taxpayers seek income tax cut in FY26 Budget: Grant Thornton Bharat survey

January 22, 2025 admin

Union Finance minister Nirmala Sitharaman | Photo Credit: Murali Kumar K As many as 57% of individual taxpayers want taxes to be lowered in the upcoming Budget, Grant Thornton Bharat’s pre-budget survey said on Wednesday (January 22, 2025). The survey said although 72% of individual taxpayers have opted for a new income tax regime, a…

Business

World Economic Forum 2025 Day 3 LIVE: Chandrababu Naidu to meet Bill Gates, several global executives in Davos

January 22, 2025 admin

Andhra Pradesh Chief Minister N. Chandrababu Naidu is scheduled to meet Microsoft founder Bill Gates and several other global executives in Davos, Switzerland on Wednesday, officials said. On the third day of his visit to the Swiss resort town, the Chief Minister will also meet the officials from the World Economic Forum (WEF), they added….

Business

Sensex climbs 366 points in early trade amid mixed global equities

January 22, 2025 admin

A vendor walks past by a poster of bear and bull in south Mumbai. File photo | Photo Credit: The Hindu Equity benchmark indices Sensex and Nifty began the trade on an optimistic note on Wednesday (January 22, 2025) mainly due to buying in index heavyweights Infosys and HDFC Bank amid a mixed trend in…

Business

Rupee sees high volatility against US dollar in early trade

January 22, 2025 admin

Forex traders said the overall uncertainty about the global economy continued to weigh on both currencies and commodities, keeping investors on edge. File photo The rupee witnessed high volatility in morning trade on Wednesday (January 22, 2025), as the support from positive domestic equities was weighed down by significant pressure from global uncertainties prompting investors…

Business

Government issues draft rules to make e-commerce more accountable; seeks comments by February 15

January 21, 2025 admin

The government has rolled out draft guidelines for e-commerce platforms, mandating self-regulatory measures to protect consumers from fraudulent practices amid the fast-growing digital shopping landscape in India. The draft guidelines, titled ‘E-commerce-Principles and Guidelines for Self Governance’, have been prepared by the Bureau of Indian Standards (BIS) under the Food and Consumer Affairs Ministry’s supervision,…

Business

Rupee falls 14 paise to close at 86.59 against U.S. dollar

January 21, 2025 admin

According to exchange data, FIIs were net sellers in the capital markets on January 20, 2025, offloading shares worth ₹4,336.54 crore. Photo: V.V.Krishnan/The Hindu The rupee pared initial gains and settled for the day lower by 14 paise to 86.59 (provisional) against U.S. dollar on Tuesday (January 21, 2025), tracking heavy sell-off in the domestic…

Business

Sensex crashes 1,235 pts to 7-month low amid massive selling in heavyweight stocks

January 21, 2025 admin

Image for representative purposes only Benchmark Sensex tanked 1,235 points to settle at more than seven-month low due to an across-the-board selloff triggered by global trade war worries after U.S. President Donald Trump announced tariffs on neighbouring countries on his inauguration day. The 30-share BSE Sensex plummeted 1,235.08 points or 1.60% to settle at 75,838.36…

Business

Trump tariff threat: India should reciprocate if U.S. imposes additional duties on domestic goods

January 21, 2025 admin

India should respond with equal measures if the newly elected U.S. President Donald Trump imposes higher tariffs on domestic goods, trade experts say. They noted that India has previously implemented retaliatory customs duties on several U.S. products, such as apples, in response to what it deemed “illegal” tariffs imposed by America on certain steel and…

Business

Narayana Murthy says no one can demand long hours at work: ‘These are issues one can introspect on’

January 21, 2025 admin

Infosys co-founder N R Narayana Murthy. File | Photo Credit: K. Murali Kumar Infosys co-founder NRN Narayana Murthy, whose advice to youngsters to work 70 hours a week caused a stir, on Monday (January 20, 2025) said no one can ask people to put in long hours, but it is for everybody to “introspect” and…

Business