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Showing posts from March, 2025

Mobile companies seek zero duty on US imports

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Mobile phone manufacturers like Foxconn and the Tata group have urged the Indian government to reduce import duties from the US to 0%, fearing business loss to China and Vietnam if reciprocal tariffs are imposed. The companies emphasize an urgent bilateral agreement with the US, highlighting the potential shift in production locations if tariffs increase. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/aEiVx3n

India to grow at 6.5% in financial year 2026: EY report

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/NEKtMeD

Adani and Birla set to clash in wires & cables sector after cement rivalry

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Adani Group and Aditya Birla Group are set to enter the high-growth wires and cables sector, challenging an industry dominated by smaller, unorganized players. This move is expected to disrupt the market significantly. Both conglomerates have invested heavily, with Adani forming a joint venture and Aditya Birla announcing a major investment and plans for a new plant. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Fx4hSE3

PC Jeweller reduces debt by 56% in FY25, aiming to become debt-free by March FY26: MD Balram Garg

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PC Jeweller Ltd has significantly reduced its bank loans to approximately Rs 1,800 crore in the current fiscal year, aiming to become debt-free by March next year. The company saw a strong sales rebound and is planning to raise over Rs 1,500 crore through a preferential issue of warrants in the next fiscal year. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4UOXmgo

SBI chief Setty to be IBA chairman

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/I5GoJNw

Banks' home loans grow more than industry credit

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Banks have expanded their loan book by 9.3% with an additional Rs 15.3 lakh crore in the first 11 months of the financial year. Personal loans accounted for the largest share, with housing loans contributing significantly. Agriculture and vehicle loans also saw notable growth. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/rE5H7Pt

India-US trade talks to enter extra time

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/KE2AhOZ

Government clears 23k crore sops for electronics component manufacturing

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/njAUFIR

India Inc raises record Rs 3.8L crore in FY25 from equity, debt markets

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Indian companies raised a record Rs 3.8 lakh crore in FY25 through IPOs and QIPs, apart from debt. Including rights offers, total funds raised approached Rs 3.9 lakh crore. Major IPOs included Hyundai Motor, Swiggy, and NTPC Green Energy. Debt instruments raised Rs 11.1 lakh crore. Strong listing gains and institutional support boosted fund-raising. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/jfRl8mG

Global uncertainties pose risk to next year's growth: Finmin

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Geopolitical tensions, trade policy uncertainty, and fluctuating commodity prices threaten economic growth in the near future. Despite these risks, domestic private sector investments, fiscal measures, and monetary policy support are expected to drive India’s economy, with projected growth of 6.5% in 2024-25. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/IbyvxEq

Secondary sale: Zepto to raise $200 million

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Zepto is conducting a secondary share sale of over $200 million to boost domestic ownership from 33% to at least 40% before its planned IPO, aiming for 50% eventually. Edelweiss Financial Services and Motilal Oswal Financial Services are buying shares from global investors. Zepto, recently valued at $5 billion, seeks to double its valuation to $10 billion. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4JyTbpn

Groww to raise $250 million led by GIC at $6.8 billion valuation

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Investment platform Groww is set to raise about $250 million in a pre-IPO funding led by Singapore's GIC, boosting its valuation to $6.8 billion. The Bengaluru-based company aims to go public by December, targeting a valuation between $6 billion and $8 billion. Groww has rapidly expanded its financial services and increased its revenue significantly. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/c0iEtLg

Govt seeks to drop 6% tax on online ads, US giants may gain

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/5QJ3BMR

IMF: India's fin system resiliency has improved

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/nAhoGX1

Nifty regains 2025 losses, sensex just 50 points shy

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fXZhJ8u

SC allows audit regulator's proceedings against CAs

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Z7f9gGR

Strong trade momentum for India in December quarter: Unctad

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/VgqjKEB

Zepto eyes pie of larger, 'planned' grocery orders

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/m6cjvpN

Pay less on Amazon... E-tailer cuts seller fee

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/eESGCL6

357 gaming websites blocked, 2,400 accounts attached by GST intel

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xIeCuo2

GI-tagged jaggery from UP's Muzaffarnagar shipped to B'desh

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/e7FGoc2

No need to alter FPI tax laws, says Sebi chief Tuhin Kanta Pandey, bats for policy certainty

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4fOcWTv

Relief for farmers, exporters as govt scraps 20% export duty on onions

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/KNEVike

RIL set to buy 74% in Dahej's Nauyaan Shipyard for Rs 383cr

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/89TZCoV

Boeing lays off up to 180 at engineering unit

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3IXvxCf

IndusInd to appoint external agency to probe discrepancies

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/XOINhao

L&T looks to raise Rs 12k crore through debt

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/zXIZtLl

Sensex back above 76k, highest level in a month

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/MQSoKcl

Federal Reserve chief Jerome Powell sees tariff impact as transitory

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/6HS7qsT

Commerce min moots 12% duty on steel products

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Kzc9Mih

Mere ‘legal’ owner of property needn’t pay cap gains tax: ITAT

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Znc3NLu

XRP surges 11% as SEC ends appeal in Ripple’s legal battle

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XRP's price surged nearly 11% to $2.52 after Ripple CEO Brad Garlinghouse announced that the SEC is no longer pursuing its appeal in the legal case against the company. Ripple had been in a nearly four-year legal battle with the SEC over allegations of violating securities laws. Garlinghouse criticized the SEC for its actions, calling the system broken. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/JXtC9vS

Desi FMCG brands pack Rs 1,000cr punch

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3wG0Ki9

Tractors and Farm Equipment appoints Lakshmi Venu as vice-chairperson

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Lakshmi Venu, director of TAFE and daughter of CMD Mallika Srinivasan, is appointed vice-chairperson of TAFE. This aligns with the next generation taking leadership roles in TAFE and TVS, where her brother Sudarshan Venu is MD of TVS Holdings and TVS Motor Company. Lakshmi aims to enhance TAFE's growth and success. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/NLXYOis

Elon Musk's Starlink likely to face spectrum tax

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Starlink faces a potential 3% spectrum tax on its adjusted gross revenue in India. This tax, alongside an 8% license fee, could increase service costs for the company. Discussions by Trai on pricing and taxes for satellite spectrum allocation are ongoing, with final recommendations expected soon. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/9ztkhYl

IBM's Krishna sees pay surge 23% to $25mn

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2IKzU8F

Forex kitty soars $15 billion, highest jump in 3 weeks

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India's forex reserves surged $15.27 billion to reach $653.97 billion, the sharpest weekly gain in over three years, as of 7 March. This rebound comes after months of volatility and an 11-month low, highlighting the RBI's active management to stabilize the Rupee. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/pR6UZgO

Top stocks to buy: Stock recommendations for next week

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Stock market recommendations: Bajaj Broking Research recommends Piramal Pharma and PTC India for the upcoming week. Nifty is expected to remain volatile, with key support at 22,000-21,700 levels. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/tEUb9Lc

IHFL, DB promoters get relief in DHFL-Yes Bank loan fraud case

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The special court rejected the CBI chargesheet against Indiabulls Housing Finance Ltd and others in the Rs 4,733 crore DHFL-Yes Bank loan fraud case, citing insufficient evidence. The court also cancelled lookout circulars for several involved individuals and noted the lack of proof against DB Realty promoters and their associate firms. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/CKINg7R

Cybersecurity: Infosys' US unit to pay $18mn fine

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Infosys McCamish Systems, impacted by a 2023 cybersecurity incident, will pay $17.5 million to resolve class-action lawsuits. The settlement follows mediation with plaintiffs and covers allegations against IMS and some customers. Approval will close lawsuits without liability admission. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/DjuzrbE

Tesla seeks certification for 2 EV models in India

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Tesla has initiated the certification and homologation process for the Model Y and Model 3 in India as required to enter the market. The Indian EV market is growing, with sales increasing by 20%, due to government initiatives and subsidies. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/IkjVxOC

India to be 3rd largest economy by 2028: Report

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/jlRk9tf

India’s growth to exceed 6.5% in FY26: Moody’s

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dZcTwB8

Despite slide, sensex to hit 105,000 points by year-end: Report

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Morgan Stanley maintains its year-end Sensex target of 105,000 points by December 2025 despite global trade tensions and recent market volatility. Strategists suggest India's earnings growth is improving and highlight the attractiveness of stock valuations post-Covid. However, external risks like US tariff policies and dollar strength remain concerns. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/UM9YHqB

Carbonated juices to attract 12% GST, not 28%: High court

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The Gauhati High Court has ruled that fruit pulp and juice-based carbonated drinks fall under the lower 12% GST slab instead of the higher 28%. This ruling benefits manufacturers like X’SS Beverage by classifying these drinks based on their essential fruit juice content rather than their carbonation. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lA6RmbV

India set for $50 billion consumption and savings boost: UBS

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India is likely to witness a $50 billion consumption and savings boost due to the wage revision for central government employees and pensioners in January 2026. Around 3.1 crore people are expected to benefit, with UBS predicting the hike to have a stable impact on India's fiscal position, favoring savings over consumption. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Cl57xnb

IndusInd Bank shares plunge 27%, erase Rs 19,000 crore in market value

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IndusInd Bank shares dropped 27% to Rs 656, erasing Rs 19,000 crore in market value due to a Rs 2,100 crore derivatives accounting discrepancy. The bank's net worth decreased by 2.4%. Concerns about governance and risk management led to investor worry, affecting other small private banks like Bandhan Bank and RBL. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PNgyUR7

Domestic commercial vehicle volumes to grow 3-5%: Report

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hyX27zc

‘If you take one step forward, govt is there to take 10 steps with you’

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/a7CjXb6

Panel readies 23-point best practices for states

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The Centre is preparing a 23-point template for reforms and deregulation to simplify business operations, focusing on areas like land, labor, utilities, and permits. A taskforce led by cabinet secretary TV Somanathan is considering single window clearance, reducing inspections, and extending permit validity. Proposed changes aim to ease land use regulations, flexible labor laws, and better working conditions for women. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4ISM8Ny