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Showing posts from April, 2025

Credit growth to farm sector slows to 10.4%: RBI data

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India among top IPO markets with $2.8bn mop-up: EY

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Sensex gains 1k points; IIP at 4-yr low

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Indian stock markets surged on Monday, propelled by a rally in Reliance Industries (RIL) and banking stocks, pushing the Sensex above the 80,000 mark. Foreign Portfolio Investors (FPIs) continued their buying spree, injecting ₹2,474 crore into the market. This inflow helped reverse a two-session slide and added ₹4.5 lakh crore to investor wealth. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ehQO90i

Address infra gaps to target 1bn UPI payments a day: FM Sitharaman

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India committed to reforms: RBI governor

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RBI Governor Sanjay Malhotra affirmed India's commitment to market reforms despite global protectionism, highlighting liberalisation in key sectors and near-total FDI automatic route. He projected India as a dynamic powerhouse, crediting monetary policy for taming inflation with recent rate cuts. India's economy demonstrates resilience with strong growth, aiming to be a developed nation by 2047. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/oaUxB9D

Huawei's AI chip to rival Nvidia's: 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/TmWnl9Y

TCS leads as market cap of 6 six of top 10 most valued firms jumps by Rs 1.18 lakh crore

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Last week, six of India's top ten most valuable companies experienced a significant surge in their combined market valuation, totaling Rs 1,18,626.24 crore, driven by a broader market rally. TCS emerged as the top gainer, while Bharti Airtel saw the biggest drop in valuation. Reliance Industries retained its position as the most valued company. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/k9XBcdH

India shines for global consumer goods giants despite urban demand slowdown and global market turmoil

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Despite global market challenges, India stood out for consumer goods companies. Urban demand is slow, but rural markets are improving. Firms like Unilever and P&G see India as a key growth driver. Premium products are doing well. Pernod Ricard and Heineken report strong demand. Companies are optimistic about India's growth potential in the current 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/ke8siJF

Government unveils Rs 23,000-crore electronics components manufacturing scheme to boost domestic production

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The government has launched the Electronics Components Manufacturing Scheme (ECMS) with a budget of Rs 23,000 crore to enhance domestic electronics production. The scheme prioritizes firms with strong local design capabilities and quality standards. It aims to increase India's global electronics manufacturing share to 8 per cent and attract significant investments, creating numerous jobs and boosting production value. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xFGikeA

Mahindra to acquire nearly 59% of SML Isuzu for Rs 555 crore

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Mahindra & Mahindra Ltd. has announced its strategic move to acquire approximately 59% stake in SML Isuzu for Rs 555 crore, purchasing shares at Rs 650 each. This acquisition includes Sumitomo Corporation's 44% stake and Isuzu Motors' 15% stake, triggering a mandatory open offer for public shareholders. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/wf1sJa8

RIL profit rises 6% to Rs 22.6k crore in Q4

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Reliance Industries reported a 6% rise in quarterly profit, reaching Rs 22,611 crore, driven by strong performances in its digital and retail sectors. This growth compensated for a 10% decline in the oil-to-chemicals unit's operating profit due to lower fuel cracks and polyester margins. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/SEq3xOQ

CBDT: Can’t claim deductions for settlement under 4 laws

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The income tax department has announced that taxpayers cannot claim deductions for expenses related to settling legal proceedings under four specific laws. This notification, issued by the CBDT on April 23, disallows deductions for expenditures arising from contraventions or defaults under acts governing securities, contracts, depositories, and competition. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/KbmUTH3

ED detains BluSmart's Puneet Jaggi

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Puneet Jaggi, a promoter of Gensol Engineering, has been detained by the Enforcement Directorate. He will be questioned about alleged FEMA violations. The probe focuses on potential fund diversions for foreign exchange acquisition. Searches occurred in Delhi, Gurgaon, and Ahmedabad. Anmol Jaggi, his brother, is expected to be summoned soon. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lVZiDq1

Pune company loses Rs 6.5 crore in cyber fraud

from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/1juvw0P

UPI payments get ‘delegate access to contacts’ option

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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/KrUSNTh

HDFC Bank 3rd Indian co to top Rs 15L cr mcap mark

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Government to take action against Gensol after looking at Sebi order

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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/MqfJ8nB

MTNL defaults on PSU bank loans worth Rs 8,346 crore

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'Mickey Mouse is smarter’: Economist Jeffrey Sachs mocks Donald Trump over tariff policy

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Jeffrey Sachs has strongly criticized Donald Trump's trade policies, deeming them "delusional" and economically damaging. Sachs estimates a $10 trillion loss in global wealth due to Trump's strategies, highlighting the president's misunderstanding of trade deficits and his imposition of tariffs based on flawed logic. He also points to automation, not trade, as the primary cause of manufacturing job losses. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xIyC26k

BHEL reports Rs 27,350 cr revenue in FY25, achieves record Rs 92,534 cr in new orders

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Bharat Heavy Electricals Limited (BHEL) announced a 19% revenue increase, reaching Rs 27,350 crore for FY25. The company achieved a record annual order inflow of Rs 92,534 crore, boosting its total order book to Rs 1,95,922 crore. BHEL commissioned 8.1 GW of power capacity, demonstrating its commitment to infrastructure development and operational excellence. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/LDPatIF

Tariffs, labour costs push jet prices higher

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Commercial plane prices are soaring, driven by supply chain disruptions, rising material costs, and geopolitical factors like the exclusion of Russian titanium. US President Trump's tariffs on steel and aluminum further exacerbate the issue. Labor costs are also increasing, with Boeing and Spirit AeroSystems agreeing to significant wage hikes. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/rEj0SWM

More hired than fired but IT pain lingers

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Indian IT firms are exhibiting cautious hiring approaches amidst economic uncertainties and increased automation. While some firms saw slight headcount increases in the March quarter, overall hiring remains subdued compared to previous years. Companies are prioritizing cost efficiency and maximizing existing resources, leading to a challenging job market for college graduates, with expectations of flat hiring trends throughout 2025. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7qdkzpu

'No settlement without backing of Byju's creditors'

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The National Company Law Appellate Tribunal (NCLAT) has dismissed attempts to halt insolvency proceedings against Byju's without creditor approval, reinforcing the authority of the Committee of Creditors (CoC). NCLAT upheld that any settlement proposal after CoC formation requires 90% creditor consent, as per the Insolvency and Bankruptcy Code. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hTk7mi0

Sensex soars 3k points in 3 days to top 78k, erases year’s losses

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Despite Wall Street's turmoil fueled by trade war anxieties and cautious Fed remarks, Indian stock markets witnessed a significant rally. Banking and financial stocks, along with Reliance Industries, spearheaded the surge, reversing an early decline. Positive monsoon forecasts and easing inflation ignited hopes for RBI rate cuts, attracting substantial foreign investment and boosting investor wealth. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dhw2NmZ

Are NSE, BSE, and MCX closed on Good Friday? - Check official holiday calendar

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Indian stock markets, including NSE and BSE, will be closed on April 18, 2025, for Good Friday. Trading will be suspended across all segments, encompassing equities, derivatives, and the SLB platform. The MCX will also remain shut, affecting commodity trading. Regular trading activities will resume on Monday, April 21. Good Friday is among the 14 scheduled market holidays in 2025. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yiegH0p

Sensex back above 77k, up 4,000 pts from tariffs low

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Indian stock markets experienced a third consecutive day of gains, with the Sensex climbing 0.4% and the Nifty rising 0.5%. Investor confidence was bolstered by positive local factors, including expectations of a strong monsoon and potential interest rate cuts. Bank stocks led the rally, fueled by a drop in retail inflation to a five-year low, overshadowing global trade war concerns. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/6D57atz

Gold hits record $3,300/oz, closes in on Rs 1L/10gm mark

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Amid escalating US-China trade tensions, gold prices have surged to unprecedented levels, exceeding $3,300 per ounce internationally and nearing Rs 1 lakh per 10 grams in India. This surge, driven by safe-haven demand, has dampened consumer appetite, with gold selling at a discount. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/jPnCJGg

At $437.4 billion, exports of goods top last year's level

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India's goods exports marginally increased to $437.4 billion in 2024-25, possibly influenced by anticipatory shipments before potential US tariffs. Despite global challenges, total goods and services exports rose by 6% to $820 billion, with non-oil exports reaching a record $374 billion. Engineering and electronics exports saw significant growth, highlighting India's resilience in a tough economic climate. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PktUsvS

Retail inflation dips to nearly 6-yr low of 3.34%

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India's retail inflation hit a 5-year low of 3.3% in March, driven by significantly lower food prices. This development is expected to prompt the RBI to cut interest rates to bolster growth amid global economic uncertainties. Experts anticipate retail inflation to remain stable, although geopolitical tensions and weather events require monitoring. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Ef5qgky

Nvidia to build up to $500bn of AI gear in US, a first

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Nvidia is set to manufacture up to $500 billion in AI infrastructure within the US over the next four years through strategic partnerships. Production of their Blackwell AI chip has commenced at TSMC's Phoenix facility. This initiative marks the first instance of AI supercomputer production in the United States, a move attributed to tariffs by President Trump. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2IhE9iS

What next? Dalal Street seeks direction amid tariff chaos

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Dalal Street faces a truncated trading week influenced by tariff developments, US bond yields, FPI activity, and corporate earnings. Volatility is expected to persist despite potential easing in the US-China trade war. Investors will closely monitor Infosys, Wipro, HDFC Bank, and ICICI Bank results after TCS's underwhelming performance, alongside commodity market trends, particularly Goldman Sachs' revised gold price target. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/DovTBZ1

TCS's new COO Aarthi breaks IT glass ceiling

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Aarthi Subramanian is poised to become TCS's first woman COO and the first woman C-suite executive at a major Indian IT firm, marking a significant milestone for gender diversity in the industry. Having served as the group chief digital officer at Tata Sons, she brings extensive experience and a deep understanding of TCS to her new role. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PufsWtA

FPIs pull out nearly Rs 32k crore from equities in April so far

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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/JxHYrUc

TCS to hire 42k trainees in FY26, promotes 1.1 lakh in FY25

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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/3XHpo2v

Asian tech stocks climb amid mixed signals on tariff reprieve

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Technology stocks surged following a temporary pause in tariffs on phones, computers, and consumer electronics, announced by the Trump administration. Apple shares notably climbed, and Asian tech stocks experienced a boost. Despite the positive market reaction, officials cautioned that tech tariffs are still anticipated in the near future, creating uncertainty about ongoing trade negotiations with China. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xa3ENSw

Market cap of five top Indian firms rises by Rs 84,559 crore; HUL tops gainer

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During a holiday-shortened week, five of India's top ten companies saw their combined market valuation increase by ₹84,559.01 crore, even as the broader market experienced a slight decline. Hindustan Unilever emerged as the top gainer, while Reliance Industries maintained its position as the most valued Indian company. TCS experienced the steepest drop in market capitalization among the decliners. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yVF10GR

FPIs withdraw Rs 31,575 cr from Indian equities in April amid US tariff turmoil

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Foreign Portfolio Investors have withdrawn a significant Rs 31,575 crore from Indian equity markets in April, influenced by global uncertainties arising from US tariffs. This outflow contributes to a total of Rs 1.48 lakh crore withdrawn in 2025. Experts suggest that India's strong fundamentals and potential for growth may attract FPIs back once global market turbulence subsides. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/w0aulXi

At 2.9% in February, IIP growth slowest in 6 months

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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/8TQHe9g

Jaguar Land Rover pips Audi in India to be No. 3 luxury car seller

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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/hzUtVrN

BlackRock largest investor in Adani bond issue

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Byju's founders sued in US over $533 million transfer

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Moody's cuts 2025 India GDP forecast to 6.1% from 6.4%

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'Tariffs may dent growth, inflation not key concern': RBI governor Sanjay Malhotra

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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/lD2O8Ig

Bitcoin soars 7% after Trump’s surprise 90-day tariff pause, crypto market follows suit

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Bitcoin surged over 7% to $82,350 after former President Trump announced a 90-day pause on tariffs. The move boosted investor confidence, causing a rally in the broader crypto market, with Ethereum, Dogecoin, and Solana all gaining. Despite this short-term boost, experts caution that market uncertainty remains, with Bitcoin down 12% year-to-date. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/S4UJVIO

Shaky Street: Sensex surges 1.1k points day after 2.2k-point crash

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After Monday's significant losses, the Indian stock market rebounded strongly, fueled by positive global cues and short covering. The Sensex surged by 1.5%, and the Nifty by 1.7%, adding substantial wealth to investors. However, analysts advise caution, citing ongoing trade negotiations and FPI selling, with RBI's interest rate decision expected to influence future trading. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/12rpnD7

Panel to monitor any import surge from China, Vietnam

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The Indian government is closely monitoring import surges, particularly from China and Vietnam, following global trade shifts triggered by reciprocal tariffs. An inter-ministerial group has been formed to track imports of consumer goods, electronics, chemicals, and steel. Simultaneously, efforts are being intensified to support exporters by exploring new markets and negotiating free trade agreements with key countries. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/QoGscbx

Trump's tariffs: Larger the US business, bigger the stock hit

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Indian stocks with significant US market exposure are facing heavy selling pressure amid growing recession fears in the US and a potential global slowdown. Concerns over high US import tariffs and retaliatory measures are impacting sectors like auto, metals, software, and pharma. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/9HnScTl

Govt raises LPG price for all categories; special excise duty on petrol, diesel

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The government has increased LPG prices for all categories, including Ujjwala beneficiaries, and raised the special additional excise duty on petrol and diesel by Rs 2 per litre. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/X5a7mO3

Dalal Street eyes on Trump tariff fallout, RBI's rate decision

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In the coming truncated trading week, Dalal Street investors will focus on US tariff-related issues, RBI’s interest rate decision, and other key economic factors. The recent US tariffs have triggered a global market meltdown, with significant losses in major indices worldwide, impacting various sectors back home. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/pAcnmzy

Jaguar Land Rover hits pause on shipments to US

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Jaguar Land Rover is pausing shipments to the US in response to a new 25% tariff on vehicle imports imposed by the Trump administration. The company is reassessing its trading strategies to adapt to the new tariffs. In the past year, nearly a quarter of JLR's 430,000 vehicle sales were in North America. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GVeOrhI

Govt reserves chunk of second startup fund for small players

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Commerce and Industry minister Piyush Goyal has announced that a significant part of the Rs 10,000 crore second fund of funds for startups will support seed funding of smaller players to drive deep-tech innovation. Sidbi, a government financial institution, will administer this fund with a Rs 2,000 crore allocation for the year. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dan4MFX