Business and financial news
New Delhi: India's fiscal deficit for the first seven months of the 2024-25 financial year reached 46.5% of the full-year target, according to data released by the Controller General of Accounts (CGA) on Friday.
India's gross domestic production (GDP) has slowed down to 5.4 percent year-on-year in the July-September quarter of the current financial year 2024-25, as per government data released on Friday.
New Delhi: India is planning to broaden its electric vehicle (EV) incentive program to include automakers producing EVs at existing factories, rather than restricting the benefits to those building new plants, Reuters reported, citing a source familiar with the matter.
Mumbai/IBNS: Zee Entertainment's shareholders have voted against the reappointment of Punit Goenka as a director, according to a company filing.
Mumbai/IBNS: Mahindra & Mahindra has refuted reports claiming it faces penalties for not meeting emission norms during the 2022-23 financial year.
Mumbai/IBNS: Mahindra & Mahindra has refuted reports claiming it faces penalties for not meeting emission norms during the 2022-23 financial year.
Pay packets around the world rose 1.8 per cent in 2023 and continued their positive trajectory in the first half of the year, rising by 2.7 per cent on the back of a strong post-COVID global recovery, the UN International Labour Organization (ILO) said on Thursday.
New Delhi: The Ministry of Mines launched India's inaugural auction of 13 offshore mineral blocks on Thursday, marking a major step into the exploration and development of undersea resources within the nation's maritime territories.
New Delhi: Israel has reaffirmed its support for the Adani Group despite allegations of bribery against its founder in the United States.
New Delhi: The Union government plans to relocate two massive oil refineries, each with an annual capacity of 10-15 million tonnes and integrated petrochemical facilities, from Maharashtra’s Ratnagiri to Gujarat and Andhra Pradesh, according to The Times of India.
New Delhi: India reported losses of Rs 11,333 crore due to cyber fraud in the first nine months of 2024, as per data from the Indian Cyber Crime Coordination Centre (I4C) under the Ministry of Home Affairs (MHA).
Bengaluru: A group of e-retailers operating on major platforms like Amazon and Walmart-backed Flipkart argued before the Karnataka High Court (HC) on Wednesday that the investigation by the Competition Commission of India (CCI) into alleged anti-competitive practices exceeds the regulator's statutory authority, media reports said.
Bengaluru: A group of e-retailers operating on major platforms like Amazon and Walmart-backed Flipkart argued before the Karnataka High Court (HC) on Wednesday that the investigation by the Competition Commission of India (CCI) into alleged anti-competitive practices exceeds the regulator's statutory authority, media reports said.
New Delhi: Counterfeit currency detections, particularly of Rs 500 and Rs 2,000 notes, have seen a sharp rise in recent years, according to data shared by the Ministry of Finance during a recent Lok Sabha session.
New Delhi: Senior lawyer and former Attorney General of India Mukul Rohatgi refuted allegations against the Adani Group, stating that its founder chairman, Gautam Adani, and his nephew, Sagar Adani, have not been accused of bribery or obstructing justice in the US, media reports said.
The Indian government's Cabinet Committee on Economic Affairs (CCEA) has approved the Income Tax Department’s Permanent Account Number (PAN) 2.0 Project which aims to streamline and modernise the process of issuing and managing PAN and TAN.
Bengaluru/IBNS: Japanese motorcycle manufacturer Honda has finally entered India's electric two-wheeler (E2W) market with the launch of its two new electric scooters — Activa e: and QC1.
Mumbai/IBNS: Adani Enterprises Ltd. and Wilmar International Ltd. have reportedly postponed plans to sell at least 12 percent of their stake in Adani Wilmar Ltd., their Indian food venture, following a US bribery indictment involving billionaire founder Gautam Adani, Bloomberg reported, citing sources familiar with the matter.
The Securities and Exchange Board of India (SEBI), the country’s capital market regulator, continues to play a pivotal role in defining the framework of India’s financial markets. As we step into 2025, SEBI’s evolving regulations are expected to shape the brokerage landscape, making it more transparent, cost-efficient, and technology-driven.
Mumbai/IBNS: Telecom stocks surged on Tuesday (Nov. 26) following reports that the Union Cabinet approved waiving bank guarantees (BGs) for spectrum purchased before 2022.
Mumbai/IBNS: Shashikant Ruia, the co-founder of the Essar Group and a patriarch of the billionaire Ruia family, passed away at the age of 81, the family announced in an official statement on Tuesday (Nov. 26).
Plastonix Inc., a Canada-based, plastics recycling technologies company, has announced signing a Memorandum of Understanding (MOU) with Bengaluru and New York co-headquartered technology and IT services company Vee Technologies to pursue a 50:50 joint venture to collaboratively develop a plastic waste recycling system in India using Plastonix’s patent-pending technology.
New Delhi/IBNS: S&P Global Ratings has maintained India's GDP growth forecast for the current financial year 2024-25 at 6.8 percent, but has revised down its growth projections for the next two fiscal years.
Ahmedabad/IBNS: Adani Group has reassured investors that its listed companies have sufficient cash reserves to meet debt obligations for the next 12 months.
Ahmedabad/IBNS: The Adani Group has demonstrated robust financial health and consistent growth, as highlighted in its H1 FY25 and Trailing-Twelve-Month (TTM) results.
Mumbai/IBNS: Indian stock markets rallied sharply on Monday (Nov. 25) following the BJP-led NDA's decisive victory in the Maharashtra assembly elections, which includes Mumbai, India’s financial hub.
New Delhi/IBNS: India is unlikely to import Japan’s Shinkansen, or bullet train, for the Mumbai-Ahmedabad High-Speed Rail (MAHSR) corridor, seven years after the project's launch, Moneycontrol reported.
Mumbai/IBNS: In a rare intervention, the Reserve Bank of India (RBI) directed certain banks on Friday (Nov. 22) to reduce their long positions in the dollar-rupee trade to counter speculative activities affecting the rupee, which has fallen to an all-time low, Reuters reported, citing its sources.
Mumbai/IBNS: India's foreign exchange reserves witnessed a record decline of nearly $18 billion during the week ending November 15, as global investors continued to withdraw funds from Indian stock markets.
Mumbai: Gautam Adani, chairman of the Adani Group, has been indicted by U.S. prosecutors, along with seven others, for allegedly paying bribes amounting to Rs 2,029 crore ($265 million) to Indian officials to secure solar power contracts across four states and a union territory.
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