RBI cuts repo rate by 25 basis points, first in five years
Feb 07, 2025, at 10:56 am
New Delhi/IBNS: 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.
Hero MotoCorp’s Q3 profit rises 12% to Rs 1,203 cr
Feb 06, 2025, at 11:35 pm
Mumbai: Hero MotoCorp reported a 12% year-on-year increase in standalone net profit for the December quarter, reaching Rs 1,203 crore compared to Rs 1,073 crore in the same period last year, Mint reported.
Bharti Airtel Q3 net profit surges 505% to Rs 14,781 cr, revenue up 19%
Feb 06, 2025, at 11:29 pm
Mumbai: Telecom giant Bharti Airtel reported a 505% year-on-year (YoY) surge in consolidated net profit to Rs 14,781 crore for the third quarter of FY25, compared to Rs 2,442 crore in the same period last year, Business Standard reported.
ITC Q3FY25 Results: Standalone profit rises 1% to Rs 5,638 cr, beats estimates; FMCG growth muted
Feb 06, 2025, at 11:16 pm
Mumbai: Diversified conglomerate ITC Ltd posted a 1% year-on-year rise in standalone net profit to Rs 5,638 crore for the quarter ended December 31, 2024, reported Moneycontrol.
Zomato to rebrand as Eternal Ltd, CEO announces expansion beyond food delivery
Feb 06, 2025, at 10:21 pm
Mumbai: Zomato is set to rebrand itself as Eternal Ltd., as the company's board has approved the name change, CEO Deepinder Goyal revealed in a letter to shareholders.
Ambuja Neotia Group to invest over Rs15,000 cr in West Bengal over next 5 yrs
Feb 06, 2025, at 12:23 am
Kolkata: Ambuja Neotia Group has announced an ambitious investment plan of over Rs15,000 crore in West Bengal over the next five years.
BlackRock to hire 1,200 in India, expands Mumbai office amid AI, data push
Feb 06, 2025, at 12:00 am
BlackRock Inc., the world’s largest asset manager, is set to expand its India operations by hiring around 1,200 employees across its support hubs in Mumbai and Gurugram, Moneycontrol reported on Wednesday.
Swiggy’s Q3FY25 net loss widens to Rs 799 cr amid rising capex, revenue up 31%
Feb 05, 2025, at 10:48 pm
Bengaluru: Swiggy reported a wider consolidated net loss of Rs 799 crore for the third quarter of FY25 (Q3FY25), compared to Rs 574.4 crore in the same period last year, reported Business Standard.
Govt issues stricter quality norms for over 150 products under QCOs
Feb 05, 2025, at 09:45 pm
New Delhi: The government has expanded quality compliance requirements by enforcing Quality Control Orders (QCOs) on over 150 products, covering household appliances and industrial materials, to strengthen safety and performance standards.
India accuses Kia of $155 million tax evasion; automaker denies wrongdoing: Report
Feb 05, 2025, at 07:23 pm
New Delhi: India has accused South Korean car manufacturer Kia of evading $155 million in taxes by misclassifying component imports, a charge the automaker denies, Reuters according to a government document and two sources.
Adani Wilmar eyes 10% sales growth next fiscal, buoyed by tax cuts and grocery app demand
Feb 05, 2025, at 07:15 pm
Mumbai: Adani Wilmar expects its sales volumes to increase by around 10 % in the next fiscal year, Reuters reported.
Linc Ltd Q3FY25 PAT rises 15.3% to Rs 872 lakh despite revenue dip
Feb 04, 2025, at 11:38 pm
Kolkata: Kolkata-based Linc Ltd reported a 15.3% year-on-year (YoY) increase in profit after tax (PAT) to Rs 872 lakh in Q3FY25, despite a slight 0.9% decline in total income to Rs 12,355 lakh.
Tata Power Q3FY25 profit rises 10% to Rs 1,188 cr
Feb 04, 2025, at 11:33 pm
Mumbai: Tata Power, one of India’s leading integrated power companies, announced its financial results for the December quarter on Tuesday, reporting a 10.35% year-on-year (YoY) increase in consolidated net profit to Rs 1,187.54 crore, compared to Rs 1,076.12 crore in the corresponding period last year.
100% FDI in insurance to boost innovation, sector growth: Moody’s
Feb 04, 2025, at 10:56 pm
New Delhi: Moody’s Ratings stated on Tuesday that increasing the foreign investment limit in India’s insurance sector from 74% to 100% is expected to attract more global players and strengthen the industry's growth, reported PTI.
JSW Infra to dilute 14% promoter stake for Rs 39,000 cr expansion, eyes acquisitions in logistics
Feb 04, 2025, at 10:49 pm
Mumbai: The Sajjan Jindal family plans to dilute a 14% stake in JSW Infrastructure to finance its Rs 39,000-crore capital expenditure over the next five years, The Economic Times reported.
RBI likely to cut policy rate by 75 bps in 2025, starting with 25 bps in Feb: SBI Research
Feb 04, 2025, at 05:59 pm
Mumbai: The Reserve Bank of India (RBI) is expected to cut its policy rate by 75 basis points (bps) during the upcoming easing cycle, beginning with two successive reductions in February and April 2025, according to an SBI Research report.
Asian Paints Q3FY25 profit drops 23.3% YoY to Rs 1,110 cr; revenue declines 6.1%
Feb 04, 2025, at 04:20 pm
Mumbai: Asian Paints on Tuesday posted a 23.3% year-on-year (YoY) decline in its consolidated net profit (attributable to owners) for the third quarter of FY25, ending in December, at Rs 1,110.48 crore, media reports said.
Union Budget: Nirmala Sitharaman shares reason behind increasing tax exemption to Rs. 12 lakh
Feb 02, 2025, at 10:36 pm
Union Finance Minister Nirmala Sitharaman has explained the reason behind increasing tax exemption to Rs. 12 lakh and said her government wanted to recognise the honest taxpayer and extend support to the middle class.
Industry lauds Union Budget 2025, tax relief for middle class, consumption stimulus
Feb 02, 2025, at 01:35 am
New Delhi: Finance Minister Nirmala Sitharaman presented the Union Budget for the fiscal year 2025-26, introducing important measures aimed at stimulating economic growth and providing relief to the middle class.
Budget 2025: Tax exemption raised to Rs 12 lakh, check what it means for you
Feb 01, 2025, at 11:25 pm
The government has revamped the tax structure under the new regime, with Finance Minister Nirmala Sitharaman announcing that individuals earning up to Rs 12 lakh annually will pay no income tax.
Feb 01, 2025, at 06:37 pm
The Union Budget presented by Finance Minister Nirmala Sitharaman on Saturday proposed to add 36 life-saving drugs and medicines to the list of medicines fully exempted from Basic Customs Duty, a move which will provide relief to patients, particularly to those suffering from cancer, rare diseases and other severe chronic diseases.
Chocko Valliappa on Centre for Excellence in AI for education sector in Union Budget
Feb 01, 2025, at 06:10 pm
Chocko Valliappa, Vice Chairman of Sona College of Technology, Salem, and Founder and CEO of Vee Technologies, on Saturday, praised the Union Budget for announcing to setting up of a Centre for Excellence in AI for the education sector.
Feb 01, 2025, at 06:06 pm
Chocko Valliappa, Founder and CEO of Technology and IT services provider Vee Technologies, on Saturday, said corporate sector companies engaging fresh talent deserve to be taxed at a preferential rate.
Union Budget 2025: Nirmala Sitharaman feels India Post will act as a catalyst for rural economy
Feb 01, 2025, at 05:00 pm
Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, while presenting the Budget 2025-26 in the Parliament on Saturday, said that India Post with 1.5 lakh rural post offices will be repositioned to act as a catalyst for the rural economy.
Union Budget 2025: Nirmala Sitharaman proposes multi-sectoral reforms in public-private partnership
Feb 01, 2025, at 04:38 pm
As part of the 3rd engine of investment in economy, Union Minister for Finance and Corporate Affairs Nirmala Sitharaman proposed multi-sectoral reforms encompassing Public Private Partnerships, support to States, Asset Monetisation Plan for 2025-2030, mining sector, and support to domestic manufacturing, while presenting the Union Budget 2025-26 in Parliament, on Saturday.
Union Budget 2025: UDAN scheme to boost regional air connectivity to 120 new destinations
Feb 01, 2025, at 04:29 pm
Union Finance Minister Nirmala Sitharaman on Saturday announced in her Budget speech that the Regional Connectivity Scheme UDAN will provide air connectivity to 120 new destinations across India.
Feb 01, 2025, at 04:08 pm
Union Finance Minister Nirmala Sitharaman on Saturday presented the Union Budget where she announced the setting up of fifty thousand Atal Tinkering Labs in Government schools in next 5 years to cultivate the spirit of curiosity and innovation.
Union Budget 2025: Nirmala Sitharaman says govt will setup Urban Challenge Fund of Rs 1 lakh crore
Feb 01, 2025, at 03:31 pm
Union Finance Minister Nirmala Sitharaman, while presenting the Budget 2025-2026 in the Parliament, on Saturday said that the Government will set up an Urban Challenge Fund of Rs 1 lakh crore to implement the proposals for ‘Cities as Growth Hubs’, ‘Creative Redevelopment of Cities’ and ‘Water and Sanitation’ announced in the July Budget.
Union Budget: Finance Minister announces National Manufacturing Mission
Feb 01, 2025, at 02:50 pm
A “National Manufacturing Mission” to cover small, medium and large industries for furthering “Make in India” was announced by the Union Minister for Finance and Corporate Affairs , Nirmala Sitharaman while presenting the Union Budget 2025-26 in Parliament on Saturday.
Budget 2025: Income Tax slabs revised, no tax upto Rs. 12 lakh
Feb 01, 2025, at 02:43 pm
New Delhi/IBNS: Union finance minister on Saturday announced revised Income Tax slabs delivering the Modi government's first full budget since returning to power for the third term.