Reliance Consumer acquires Velvette to expand presence in personal care segment
Feb 15, 2025, at 12:04 am
Mumbai: Reliance Consumer Products Limited (RCPL) announced on Friday that it has acquired Velvette, an FMCG brand recognised for its presence in the personal care segment.
RBI supersedes New India Cooperative Bank board, appoints administrator amid fund misuse allegations
Feb 14, 2025, at 11:48 pm
Mumbai: The Reserve Bank of India (RBI) on Friday took control of the board of Mumbai-based New India Cooperative Bank for a year and appointed former SBI chief general manager Shreekant as the administrator to oversee its operations, media reports said.
Hindalco’s Q3FY25 net profit surges 60% to Rs 3,735 cr; revenue up 11%
Feb 13, 2025, at 10:45 pm
Mumbai: Hindalco Industries reported a 60% surge in its consolidated net profit for the December quarter, reaching Rs 3,735 crore, up from Rs 2,331 crore in the same period last year, Mint reported.
JPMorgan Chase begins layoffs in 2025; Meta to cut jobs while expanding AI hiring
Feb 13, 2025, at 10:00 pm
New York: JPMorgan Chase has begun notifying employees of job cuts as part of its planned downsizing throughout 2025, according to reports.
Benefits of using personal loan calculators for accurate EMI estimates
Feb 13, 2025, at 01:23 pm
Estimating your EMIs before applying for a personal loan is important for efficient financial planning. It gives you a clear idea of your monthly outflows, helping you manage expenses better. While manual calculations can be time-consuming and prone to errors, using smart online tools like EMI calculators simplifies the process, saving time and effort. IDFC FIRST Bank's personal loan EMI calculator is an excellent online tool that provides accurate and quick results, enabling you to make informed borrowing decisions.
Tata Power Renewables, ONGC partner to explore battery energy storage solutions
Feb 12, 2025, at 11:46 pm
New Delhi: Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has signed a non-binding Memorandum of Understanding (MoU) with Oil and Natural Gas Corporation Limited (ONGC) to explore joint opportunities in the Battery Energy Storage System (BESS) and its value chain.
India’s LNG imports to double by 2030: IEA report
Feb 12, 2025, at 11:26 pm
New Delhi: The International Energy Agency (IEA) on Wednesday projected that India’s liquefied natural gas (LNG) imports will more than double by 2030, driven by sustained demand growth and a slower-than-anticipated rise in domestic production.
Rising state debts in India widen fiscal divide, posing economic risks: NCAER report
Feb 12, 2025, at 10:02 pm
New Delhi: India's state-level debt has surged significantly, with some states now facing debt-to-GDP ratios nearing 50%, raising concerns about fiscal sustainability.
New Income Tax Bill, 2025, set to replace 1961 Act from Apr 2026
Feb 12, 2025, at 08:35 pm
New Delhi: The Income Tax Bill, 2025, which is expected to be tabled in Parliament soon, will come into effect from April 1, 2026, replacing the Income Tax Act, 1961, Business Standard reported.
India’s retail inflation drops to 4.6% in Jan, industrial growth slows to 3.2%
Feb 12, 2025, at 06:06 pm
New Delhi: India's retail inflation eased to 4.6% in January 2025, down from 5.22% in December, as food price pressures subsided.
Kirloskar Brothers' Q3FY25 net profit jumps 43.8% to Rs 118.5 cr, revenue up 18.6%
Feb 12, 2025, at 05:51 pm
Pune: Kirloskar Brothers Limited reported a 43.8% rise in net profit to Rs 118.5 crore for the third quarter of FY25, compared to Rs 82.4 crore in the year-ago period, driven by strong operational performance.
Ashok Leyland Q3FY25 profit rises 36% to Rs 762 cr, shares jump 5%
Feb 12, 2025, at 04:44 pm
Chennai: Ashok Leyland reported a 36% jump in consolidated net profit to Rs 761.92 crore for the third quarter of FY25, up from Rs 560.21 crore a year earlier, driven by strong truck and bus sales and sustained fleet replacement demand.
Vodafone Idea narrows Q3 loss to Rs 6,609 cr, ARPU rises 19.3% YoY
Feb 12, 2025, at 12:24 am
New Delhi: Vodafone Idea reported a smaller-than-expected loss for the third quarter, aided by higher per-user revenue following July’s tariff hikes, Reuters reported.
Net direct tax collection rises 14.69% to Rs 17.78 trillion in FY25
Feb 11, 2025, at 11:33 pm
New Delhi: India's net direct tax collection grew 14.69% year-on-year to over Rs 17.78 trillion so far this fiscal, according to data released by the Central Board of Direct Taxes (CBDT) on Tuesday.
Titagarh announces leadership reshuffle and expansion into shipbuilding, safety, and signalling
Feb 11, 2025, at 11:24 pm
Kolkata: Titagarh Rail Systems Limited (TRSL) has unveiled a major management restructuring alongside the launch of two new business verticals: Shipbuilding and Maritime Systems (SMS) and Safety and Signalling Systems (SSS).
Apollo Hospitals reports 14% YoY revenue growth in Q3FY25; PAT surges 52%
Feb 11, 2025, at 10:47 pm
Hyderabad: Apollo Hospitals posted a 14% year-on-year (YoY) increase in revenue for Q3 FY25, reaching Rs 5,527 crore, Mint reported.
IRCTC Q3 profit rises 14% to Rs 341 cr, tourism segment leads growth
Feb 11, 2025, at 07:04 pm
Mumbai: State-owned Indian Railway Catering and Tourism Corporation (IRCTC) posted a 14% increase in consolidated net profit, reaching Rs 341 crore for the third quarter (Q3) of FY25, up from Rs 200 crore in the same period last year, Business Standard reported.
PM Modi advocates responsible AI governance at AI Action Summit in Paris
Feb 11, 2025, at 05:23 pm
Paris: Prime Minister Narendra Modi on Tuesday advocated for an unbiased approach to building data sets for AI models, emphasising collaboration between countries to harness artificial intelligence (AI) for economic growth, social transformation, and sustainable development.
Indian market crashes amid Trump's fresh tariffs, Sensex down over 1000 points
Feb 11, 2025, at 02:25 pm
The Indian market crashed on Tuesday, hours after US President Donald Trump announced a 25 percent tariff on import of steel and aluminium.
L&T bags ‘significant’ contract to construct Uzbekistan’s first AI-enabled data centre
Feb 10, 2025, at 02:27 pm
Keeping in tandem with Uzbekistan’s big AI plans, engineering giant Larsen & Toubro (L&T) has been awarded a contract to construct Uzbekistan’s first AI-enabled and sustainable 10-megawatt data centre in Tashkent.
Feb 09, 2025, at 04:47 pm
Mumbai: Shantanu Naidu, known for his close link with the late industrialist Ratan Tata, has been promoted to General Manager, Head of Strategic Initiatives, at Tata Motors after more than six years at Tata Sons.
Ola Electric’s Q3FY25 net loss widens to Rs 564 cr; revenue declines 19%
Feb 07, 2025, at 11:32 pm
Bengaluru: Ola Electric Mobility reported a net loss of Rs 564 crore for the third quarter of FY25, widening from Rs 376 crore in the same period last year, Mint reported.
RBI cuts repo rate by 25 bps to 6.25% after 5 yrs; industry welcomes move
Feb 07, 2025, at 11:25 pm
Mumbai: The Reserve Bank of India (RBI) on Friday reduced the repo rate by 25 basis points from 6.5% to 6.25% in another step to boost the economy, media reports said.
LIC Q3FY25 profit grows 17% to Rs 11,056 cr as employee costs decline
Feb 07, 2025, at 10:12 pm
Mumbai: Life Insurance Corporation of India (LIC), the country’s largest insurer, posted a 17% increase in its third-quarter profit, driven by lower employee-related expenses, Reuters reported.
Automobile Retail sales rise 7% in Jan, passenger vehicle sales up 16%
Feb 07, 2025, at 10:10 pm
New Delhi: Automobile retail sales in India grew 7% year-on-year in January, reaching 22.9 lakh units, driven by strong demand across all segments, according to the Federation of Automobile Dealers Associations (FADA).
PhonePe exits account aggregation business, surrenders NBFC-AA licence to RBI
Feb 07, 2025, at 10:09 pm
Bengaluru: PhonePe, India's largest fintech firm, announced on Friday its exit from the account aggregation (AA) business, citing challenges in onboarding enough partners to meet its expectations, media reports said.
India to release monthly unemployment data from April: Report
Feb 07, 2025, at 07:58 pm
New Delhi: The Indian government will start publishing monthly unemployment figures from April, a senior official said on Friday, aiming to provide more frequent data for policymakers, reported Reuters.
Infosys lays off 350 Mysore campus employees after two-and-a-half-year wait for onboarding
Feb 07, 2025, at 07:51 pm
Bengaluru: Infosys has laid off around 350 employees who were onboarded in October, following a prolonged wait of over two-and-a-half years after receiving their offer letters, according to sources familiar with the matter, Business Standard reported.
Mastering Productivity Tracking: The Key to Business Efficiency
Feb 07, 2025, at 07:32 pm
Why Productivity Tracking is Essential for Business Success In today’s fast-paced business world, productivity is one of the most important metrics that companies must keep a close eye on. Whether you're managing a small team or overseeing a large corporation, tracking productivity helps ensure that every hour is spent efficiently. Without clear visibility into how time is being used, it’s easy for businesses to experience operational inefficiencies and waste valuable resources. Productivity tracking enables companies to identify bottlenecks, streamline workflows, and optimize employee performance to achieve maximum output.
Amul to set up world's largest curd manufacturing facility in Kolkata with Rs 600 cr investment
Feb 07, 2025, at 04:35 pm
Kolkata: In a significant boost to India's dairy industry, Amul has announced plans to establish the world’s largest curd (dahi) manufacturing facility in Kolkata, media reports said.