Business News

Delhi: India's largest lender State Bank of India, under Dinesh Kumar Khara, who’s superannuating as Chairman on August 28 upon turning 63, saw its per employee productivity jumping to a record high. Khara, an alumni of the Delhi School…

NEW DELHI: The next round of talks for the ongoing review meeting of the India-Asean free trade agreement in goods will be held in November, an official statement said on Saturday. The third round of the negotiations was concluded on…

NEW DELHI: Agriculture has been a key focus area of India's development strategy, achieving a remarkable growth rate of 5 percent in the farm sector over the seven years from 2016-17 to 2022-23, according to Niti Aayog member Ramesh Chand.…

NEW DELHI: The much-anticipated Rs 6,145 crore initial public offering (IPO) of electric two-wheeler company Ola Electric received a dull response, with the issue being subscribed only 35 per cent or 0.35 times on the first day of the…

RAIPUR: Vedanta Aluminium becomes the "first company in the country’s aluminium industry to secure seven Bureau of Indian Standards (BIS) certifications" for its extensive range of aluminium products after the newly certified 12 mm wire…

MUMBAI: Indicating serious intervention in the forex market to defend the rupee that has plumbed to record lows in the week, the forex reserves have come off the record highs, falling by $3.4 billion to $667.39 billion for the week ending…

Mumbai: As part of the broader efforts of Securities and Exchange Board of India (SEBI) to facilitate and streamline the registration and operational processes for intermediaries, the regulator will soon have a performance validation agency…

NEW DELHI: Apple sets quarterly revenue records in India and more than two dozen other countries and regions with its June quarter revenue record of $85.8 billion, up 5 per cent. The company also saw strong performance from its Mac…

NEW DELHI: Despite partial relief from the intense heat wave and election fervour subsiding completely, passenger vehicle (PV) sales remained under pressure in July 2024 with the top 3 carmakers reporting a dip in sales. The fall comes even…

NEW DELHI: After facing criticism for not officially announcing the monthly GST collection numbers in June, the government on Thursday announced the revenue figures for July 2024. The gross GST collection in July rose 10.3% to Rs 1.82 lakh…

New Delhi: Due to the escalating tensions in the Middle East qwing to the ongoing Israel-Hamas conflict, Air India has announced the suspension of all flights to and from Tel Aviv until August 8. “In view of the ongoing situation in…

MUMBAI: Softbank, Ratan Tata and Sachin Tendulkar backed Firstcry, which claims to be the market leader in the ecommerce space catering to women and children, but has not made a single penny in profits in its 14 years of operations, has…

MUMBAI: Retail-focused non-bank lender Hero Fincorp, the financial services arm of the world’s largest two-wheeler maker Hero Motorcorp, has filed the final papers with the markets regulator Sebi seeking to raise Rs 3,688 crore, marginally…

BENGALURU: Nasdaq-listed technology major Cognizant has reported $566 million net profit, up 22.2%, in the quarter ended June 2024. The company's net profit in the same quarter last year was $463 million. Its revenue in the June quarter…

MUMBAI: Benchmark BSE Sensex jumped 388 points to breach the 82,000 level for the first time while broader Nifty spurted 108 points to hit the record 25,000 mark in early trade on Thursday after the US Federal Reserve indicated a rate cut…

MUMBAI: Markets regulator Sebi has amended the rules requiring stock exchanges and clearing corporations to disclose their shareholding patterns on their websites on a quarterly basis, in line with the listing obligations (LODR) regulations…

With beginning of new month August 2024, we launch a news sharing collaboration with a leading Spanish journal ATALAYAR, from Madrid, to bring Europe's and particularly Spanish media coverage of Indian, Asian and Global Affairs, for the…

New Delhi: Citing the ongoing growth momentum led by government capex, deleveraged balance sheets of corporate robust quality banks’ assets, and a likely revival in private corporate capex, India Ratings has upped its growth forecast for…

New Delhi: A 50% growth in personal income tax collections has helped the Centre’s gross tax collection surge 23.65% in the first quarter of the current financial year. Personal income tax collections in the April-June period rose almost…

Mumbai: On the back of cost reduction efforts and favourable commodity prices, the country’s largest carmaker - Maruti Suzuki India (MSIL) - reported a 47% growth in its June quarter (Q1FY25) profit after tax (PAT) to Rs 3,650 crore. The…