Business News

MUMBAI: The homegrown automaker Mahindra & Mahindra has reported a marginal 5.3 percent year-on-year fall in standalone net in the June quarter at Rs 2,613 crore despite a healthy topline growth and robust margins. The city-based…

NEW DELHI: Adani Wilmar Ltd plans to invest around Rs 600 crore this fiscal mainly to expand its processing capacities of edible oil business and will launch more food products for consumers as well as institutional buyers to achieve higher…

MUMBAI: The proposed higher mark-ups that the Reserve Bank is seeking from banks in the draft liquidity coverage ratio (LCR) framework will impact the LCRs by 10-30 percentage points (pps), thus reducing the cushion now available with banks…

NEW DELHI: India is one of the rapidly growing markets globally, and South Korean tech firm Samsung sees huge growth potential in the country, a senior company executive has said. Jong-Hee (JH) Han, Vice Chairman, CEO and Head of the…

NEW DELHI: The National Stock Exchange of India Limited (NSE) has issued a warning letter to Suzlon Energy Ltd for non-compliance with disclosure rules. In its letter to Suzlon, NSE observed that a disclosure of an analyst's call of the…

NEW DELHI: Commerce Minister Piyush Goyal on Tuesday said there has been no rethink on the government's stand on allowing Chinese investment and the views expressed in the Economic Survey do not represent the government's views. Replying…

The current ethanol production capacity of 1,364 crore litre is spread across most of the states of the country, including the ethanol surplus states of Uttar Pradesh, Maharastra and Karnataka.

India's cost per gigabyte of data consumed is the lowest globally at an average of Rs 13.32 ($0.16) per GB with one of the highest mobile data consumption in the world, averaging a per-user per-month consumption of 24.1 GB in 2023.

BERLIN: Air France and the German airline group Lufthansa said Monday they were suspending flights to Beirut after Israel threatened reprisals for a deadly rocket strike launched from Lebanon. Lufthansa services would be halted up to and…

Over the past three years, gold prices have surged by over 40 per cent, with a 20 per cent increase since April 2024 alone. Despite this, India remains the world's second-largest consumer of gold, with 562.3 tonnes consumed in 2023, just…

The study also said that 40 per cent of the pilots feared reporting fatigue, and 30 per cent considered the fear of reporting fatigue a significant factor.

Rio de Janeiro: G20 nations have agreed to work together to make the super-rich pay their taxes, but stopped short of a more substantial deal, according to a declaration adopted Friday after a meeting of finance ministers in Rio de Janeiro,…

MUMBAI: Manoj Mittal has assumed the office as the chairman and managing director (CMD) of the small businesses-focused developmental lender Small Industries Development Bank of India (Sidbi). Mittal was appointed by the government after…

MUMBAI: The markets regulator Sebi has barred fugitive businessman and ex-liquor baron Vijay Mallya from the securities markets for three years and also restrained him from associating with any listed firm for a similar period for routing…

NEW DELHI: The number of startups in India has increased to more than 1.4 lakh, highlighted Union Minister of State for Commerce and Industry, Jitin Prasada, in Rajya Sabha. According to a written response by the minister in the house on…

NEW DELHI: Promoters of Coastal Energen have reiterated their commitment for a one-time settlement with lenders. In a press statement issued by the company promoted by Ahmed A R Buhari, it said the promoters’ earlier settlement proposal at…

चंडीगढ़:  सीआईआई ने उद्योग के विभिन्न क्षेत्रों के परिप्रेक्ष्य से केंद्रीय बजट 2024-25 का विश्लेषण करने के लिए एक इंटरैक्टिव सत्र का आयोजन किया। सत्र का उद्देश्य बजट और व्यवसायों पर इसके प्रभाव की विस्तृत समझ प्रदान करना था। “तकनीकी और…

Aided by growth in profits, the company's Net Worth has grown to ₹ 72,351 crores as on 30th June 2024, registering an increase of 19% YoY.

NEW DELHI: FMCG-to-hotel conglomerate ITC will be investing Rs 20,000 crore over the next five years to enhance structural competitiveness and build an enterprise for the future. About 35–40% of this will be spent on FMCG business, while…