Category: Business

Business

India plans Phase-2 of strategic petroleum reserves under PPP model at estimated ₹14,527 crore

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India plans Phase-2 of strategic petroleum reserves under PPP model at estimated ₹14,527 crore

India is planning to build two additional commercial-cum-strategic petroleum reserve facilities (SPR) under a public-private partnership (PPP) model at an estimated project cost of ₹14,527 crore as part of strengthening its energy security. The viability gap funding (VGF), — a government assistance provided to make essential, economically beneficial infrastructure projects commercially feasible — has been…

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Business

Coromandel International Q1 net falls 26% despite higher revenue

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Coromandel International Q1 net falls 26% despite higher revenue

Agri-solutions provider Coromandel International’s standalone net profit declined 26% year-on-year (YoY) to ₹377 crore in the June quarter as elevated raw material costs triggered by West Asia crisis weighed on the performance of the fertiliser business. However, the company’s total income grew 10% YoY to ₹7,792 crore in the review period. “During the quarter, the…

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Business

Bank’s credit-deposit ratio touches 82.6% in Q1FY27

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Bank’s credit-deposit ratio touches 82.6% in Q1FY27

Indian banks’ credit deposit (CD) ratio stood at 82.6% in the first quarter (Q1) of fiscal 2027 as loans grew faster than deposits, according to data from the Centre for Monitoring Indian Economy (CMIE).  Loans grew at 18.6% year-on-year (YoY) to ₹219.3 lakh crore, while deposits rose 13.3% YoY to ₹265.4 lakh crore in the…

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Business

Infosys board names Ashiss Kumar Dash as CEO-designate

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Infosys board names Ashiss Kumar Dash as CEO-designate

Ashiss Kumar Dash. File (Picture Credit: infosys.com) Infosys on Thursday (July 23, 2026) announced the appointment of Ashiss Kumar Dash as CEO-designate, effective Apr 1, 2027. Mr. Dash is set to succeed Salil Parekh as Infosys Managing Director and Chief Executive Officer on April 1, 2027, following the completion of the latter’s second term, after…

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Business

Wipro Consumer Care to acquire TTK Healthcare’s Good Home, Eva brands for ₹256 cr

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Wipro Consumer Care to acquire TTK Healthcare’s Good Home, Eva brands for ₹256 cr

In the image from left to right, Mr. Neeraj Khatri, Chief Executive – Wipro Consumer Care Business (India & SAARC), Mr. Kumar Chander, CEO – Wipro Consumer Care & Lighting & Managing Director, Wipro Enterprises and Mr. Sumit Keshan, Managing Partner – Wipro Consumer Care – Ventures, Head M&A, India. | Photo Credit: Special arrangement…

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Business

FCNR(B) turns litmus test | Explainer

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FCNR(B) turns litmus test | Explainer

Reserve Bank of India (RBI). File | Photo Credit: Reuters Foreign currency non-resident (Bank) or FCNR(B) deposits, which were introduced in 1993, will prove to be a litmus test for the country’s ability to mobilise long-term foreign currency resources from its vast global diaspora. At a time of geopolitical fragmentation, volatile capital flows and uncertain…

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Business

Rupee slips 4 paise to settle at 96.57 against U.S. dollar

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Rupee slips 4 paise to settle at 96.57 against U.S. dollar

The rupee depreciated by 28 paise to close at 96.53 against the U.S. dollar on July 22. File | Photo Credit: Getty Images/istockphoto The rupee declined 4 paise to close at 96.57 (provisional) against the U.S. dollar on Thursday (July 23, 2026), as heightened hostilities in West Asia kept global crude oil prices elevated. However, a…

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Business

Stock markets extend losses to fourth day on surging crude oil prices

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Stock markets extend losses to fourth day on surging crude oil prices

From the Sensex pack, Adani Ports, Bajaj Finance, InterGlobe Aviation, Axis Bank, State Bank of India and Tata Steel were among the major laggards. Mahindra & Mahindra, Tata Consultancy Services, Eternal and Bajaj Finserv were among the winners. File | Photo Credit: Getty Images Market benchmark indices Sensex and Nifty ended lower on Thursday (July…

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Business

Rupee rises 5 paise to 96.48 against U.S. dollar in early trade

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Rupee rises 5 paise to 96.48 against U.S. dollar in early trade

On July 22, rupee depreciated by 28 paise to close at 96.53 against the U.S. dollar. File | Photo Credit: Getty Images/iStockphoto The rupee rose 5 paise to 96.48 against the U.S. dollar in early trade on Thursday (July 23, 2026), on possible intervention by the Reserve Bank even as heightened tensions in West Asia…

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Business