India, EU set year-end deadline for free trade deal amid US tariff concerns
Feb 28, 2025, at 10:02 pm
New Delhi: India and the European Union (EU) have agreed to finalise a long-pending free trade agreement by the end of this year, marking the first time both sides have committed to a deadline for the negotiations, media reports said.
Core sector output rises 4.6% in Jan, lower than December’s 4.8% growth
Feb 28, 2025, at 08:18 pm
New Delhi: India’s eight key infrastructure sectors recorded a 4.6% growth in January 2025, up from 4.2% in the same month last year, according to official data released on Friday.
India’s GDP growth rebounds to 6.2% in Q3FY25, full-year forecast raised to 6.5%
Feb 28, 2025, at 07:33 pm
New Delhi: India’s real GDP grew by 6.2% in the third quarter (Q3) of FY25, Business Standard reported citing data released by the National Statistics Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI) on Friday.
India needs 7.8% annual growth to achieve high-income status by 2047: World Bank
Feb 28, 2025, at 06:29 pm
New Delhi: India's economy must grow at an average annual rate of 7.8% over the coming decades to achieve high-income status, according to a World Bank report, reported Bloomberg.
Sensex drops by over 1400 points, Nifty amid weak global cues
Feb 28, 2025, at 05:29 pm
The Indian market ended in the red on Friday, with the BSE Sensex plunging by 1400 points while the Nifty dropped by 420 points, in line with the global market.
Indian Market bleeds red: Sensex down by over 1300 points, Nifty crashes by 401.55
Feb 28, 2025, at 01:34 pm
The Indian market is bleeding red, with both BSE Sensex and Nifty falling sharply on Friday.
Finance Secretary Tuhin Kanta Pandey appointed as new SEBI chief
Feb 28, 2025, at 12:47 am
New Delhi/IBNS: The Indian government Thursday appointed finance secretary Tuhin Kanta Pandey as the chief of the market regulator, Securities and Exchange Board of India (SEBI) replacing Madhabi Puri Buch.
Amid global headwinds, Indian economy shows some positives: NCAER Monthly Review
Feb 27, 2025, at 03:38 pm
New Delhi/IBNS: Even in the face of global headwinds, some of the high-frequency indicators of the Indian economy have turned more benign and the nascent turnaround is evident in indicators like Purchasing Managers’ Index for manufacturing, GST collections and non-EV and EV sales, according to the Monthly Economic Review for February released by the National Council of Applied Economic Research (NCAER).
Micromax ventures into solar panel manufacturing with China’s Jinchen: Report
Feb 26, 2025, at 11:51 pm
Mumbai: Micromax Informatics is entering the solar panel manufacturing sector with the launch of Startup Energy, a new venture in partnership with Chinese solar equipment maker Jinchen, media reports said.
Adani Power to acquire Vidarbha Industries Power, once owned by Anil Ambani
Feb 26, 2025, at 11:10 pm
Mumbai: Adani Power has received approval to acquire Vidarbha Industries Power Ltd (VIPL), a company that was previously owned by Anil Ambani’s Reliance Power, reported ET Now.
Nitin Gadkari announces Rs 55,000 cr infra projects for Assam, including underwater tunnel
Feb 26, 2025, at 10:52 pm
Guwahati: Union Minister of Road Transport and Highways Nitin Gadkari has unveiled a series of major infrastructure projects worth Rs 55,000 crore for Assam.
BP to boost oil and gas investment to $10 billion, slashes green spending
Feb 26, 2025, at 10:43 pm
BP announced on Wednesday that it will raise its annual oil and gas investment to $10 billion, reaffirming its focus on fossil fuels as part of CEO Murray Auchincloss' strategy to enhance returns and strengthen financial performance, Reuters reported.
Advantage Assam Summit: Star Cement to invest Rs 3,200 cr in Assam; multiple MoUs inked
Feb 26, 2025, at 08:19 pm
Guwahati: Star Cement Ltd has proposed to set up a Rs 3,200-crore cement clinker and grinding plant in Assam, The Economic Times reported.
Anand Mahindra reacts to data revealing AI already dominates internet traffic
Feb 26, 2025, at 06:29 pm
Mahindra Group Chairman Anand Mahindra, known for his sharp humour and dynamic social media presence, often shares thought-provoking and amusing insights that quickly gain traction online.
World Bank official says it will increase its financing to India
Feb 26, 2025, at 05:56 pm
World Bank Country Director for India Auguste Tano Kouame has said the institute will increase its financing to India.
Indian government, Paytm inks MoU to scale up manufacturing, fintech startup ecosystem
Feb 26, 2025, at 05:29 pm
The Indian government's Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with Paytm (One97 Communications Limited) to foster innovation and accelerate the growth of manufacturing and fintech startups in India.
Navi Mumbai International Airport set for Apr 17 inauguration, domestic flights from May
Feb 26, 2025, at 05:14 pm
Mumbai: The Navi Mumbai International Airport (NMIA) is expected to be inaugurated on April 17, with domestic flight operations likely to begin in May, Business Standard reported, citing sources.
Indian government planning to introduce new 'universal pension scheme' for all citizens
Feb 26, 2025, at 03:19 pm
The Indian government is working to introduce a 'universal pension scheme' for people belonging to all sections of society, including those belonging to the unorganised sector, media reports said.
Adani Wilmar rebrands as AWL Agri Business to reflect agri-focused growth
Feb 25, 2025, at 11:10 pm
Adani Group’s FMCG arm, Adani Wilmar, has officially rebranded as AWL Agri Business Limited following shareholder approval, the company announced in a press release on Tuesday.
Unilever CEO Hein Schumacher ousted after 18 months, CFO Fernando Fernandez to take over
Feb 25, 2025, at 10:50 pm
Unilever surprised investors on Tuesday by abruptly replacing Chief Executive Hein Schumacher with Chief Financial Officer Fernando Fernandez, less than two years into Schumacher’s tenure, Reuters reported.
Tata Power to invest Rs 30,000 crore in Assam’s renewable energy push with 5000 MW projects
Feb 25, 2025, at 09:33 pm
Guwahati: Tata Power has inked a Memorandum of Understanding (MoU) with the Assam Government to tie up and support up to 5000 MW of renewable and clean energy projects comprising solar, wind, hydro and energy storage in the state with Rs 30000 crore investment over the next five years.
India may extend curbs on met coke imports to push local sourcing
Feb 25, 2025, at 07:52 pm
New Delhi: India is likely to extend restrictions on low-ash metallurgical coke (met coke) imports beyond June to push domestic steel mills to source the raw material locally, Reuters reported, citing sources.
Ambani, Adani to invest Rs 50,000 cr each in Assam; PM Modi inaugurates Advantage Assam 2.0
Feb 25, 2025, at 07:21 pm
Guwahati: Billionaire industrialists Mukesh Ambani and Gautam Adani on Tuesday announced plans to invest Rs 50,000 crore each in Assam across various sectors, Business Standard report.
Taiwan-based Delta Electronics announces plan to invest USD 500 million in India
Feb 25, 2025, at 04:20 pm
Taiwan-based Delta Electronics has announced it is planning to invest $500 million in India under the Indian government's Make in India initiative.
Sensex sinks below 75,000 mark, Nifty crashes below 22,600; IT stocks lead plunge
Feb 24, 2025, at 05:16 pm
The Indian stock market bled on Monday with S&P BSE Sensex losing 856.55 points to close at 74,454.41.
Mahindra launches Scorpio-N Carbon, prices start at Rs. 19.19 lakhs
Feb 24, 2025, at 04:49 pm
Automobile giant Mahindra & Mahindra Ltd., India’s leading SUV manufacturer, on Monday launched the Scorpio-N Carbon Edition to mark a landmark achievement – 200,000 units sold of the game-changing Scorpio-N.
boAt set to file confidential IPO papers in FY26, eyes Rs 2,000 cr listing
Feb 21, 2025, at 09:07 pm
Bengaluru: Consumer electronics brand boAt is gearing up to submit a confidential Draft Red Herring Prospectus (DRHP) for its initial public offering (IPO) in the financial year 2025-26, sources told CNBC-TV18.
Bajaj Auto to invest up to €150 million in Netherlands arm
Feb 21, 2025, at 07:42 pm
New Delhi: Bajaj Auto Ltd announced on Friday that its board has approved an investment of up to €150 million (Rs 1,364 crore) in its wholly-owned subsidiary, Bajaj Auto International Holdings BV (BAIH BV), Netherlands, to support its investment initiatives, PTI reported.
Gautam Adani suffers second-biggest wealth decline after Elon Musk, faces US fraud charges
Feb 21, 2025, at 07:28 pm
Gautam Adani, chairman of the Adani Group, has recorded the second-largest decline in wealth this year, trailing only Tesla founder Elon Musk, according to the Bloomberg Billionaires Index.
India weighs bailout plan for debt-laden state power utilities amid surging demand: Report
Feb 21, 2025, at 06:57 pm
New Delhi: India is exploring a cash injection for heavily indebted state-owned power distribution utilities to ensure sector stability amid rising electricity demand, Reuters reported, citing a Ministry of Power document.