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Home  Business

Business

IndusInd Bank may see a new CEO by October, replacing Sumant Kathpalia: Report

IndusInd Bank may see a new CEO by October, replacing Sumant Kathpalia: Report

  • National Broadband Mission: Tamil Nadu leads with rollout in over 10,000 Gram Panchayats

    To improve broadband connectivity in rural areas, the government launched the Gati Shakti Sanchar Portal on May 14, 2022, thus streamlining Right of Way (RoW) permissions for Optical Fiber Cable (OFC) laying and telecom tower installation.
  • PLI scheme for telecom products sees Rs 4,081 cr investment, sales worth Rs 78,672 cr

    The Department of Telecommunications (DoT) notified the PLI scheme on February 24, 2021 to boost domestic manufacturing of telecom and networking products in India with an outlay of Rs 12,195 crore.
  • Opinion: Trump’s Ukraine strategy puts Europe in a bind

    Given US President Trump’s transactional mindset, the escalating tension between Washington and Brussels may push the US closer to Russia
  • SSF Plastics India Ltd files draft papers for Rs 550 crore IPO

    The proposed IPO comprises a fresh issue of equity shares worth Rs 300 crore and an offer for sale (OFS) of Rs 250 crore by promoters and promoter group entities
  • Adani Energy Solutions wins Rs 2,800 crore transmission project in Gujarat

    The project, to be delivered to the nation in 36 months, will supply green electrons for manufacturing Green Hydrogen and Green Ammonia in Mundra
  • SEBI cracks down on multiple companies for misappropriation of funds for personal use

    SEBI is reported to have initiated investigations against these companies for the alleged illegal diversion of funds by promoters to their relatives or front companies for personal use rather than the declared purpose for which the money was raised
  • Sensex, Nifty rebound after early losses on fresh FII inflows

    The 30-share BSE Sensex fell by 252.8 points to 76,095.26 in early trade, while the NSE Nifty slipped 57.85 points to 23,132.80. However, both benchmark indices rebounded, erasing their initial losses and moving into positive territory. The Sensex climbed 205.09 points to 76,550.97, while the Nifty advanced 70.05 points to 23,262.55.
  • Rupee gains 17 paise to 86.19 against US dollar on FII inflows, strong equities

    Forex traders attributed the rupee’s gains to FPIs becoming net buyers in equities for the second time this week while making substantial investments in debt. At the interbank foreign exchange, the rupee opened at 86.26 against the US dollar, strengthened further, and reached 86.19, marking an appreciation of 17 paise from its previous close.
  • Opinion: Union Budget 2025-26, MSME-friendly but ignores women workers

    While many reforms in the Budget focus on financial support to entrepreneurs, unfortunately, they do not address wage security or provide adequate support for women workers
  • Ola’s sales figure mismatch: Government orders probe

    While the total number of registrations by Bhavish Aggarwal-owned Ola Electric on Vahan portal for February stood at 8,652, the company reported sales of over 25,000 units during the period
  • Amazon, Intel, other global giants to slash huge workforce amid AI boom

    The rise of AI and global economic uncertainties are key reasons behind these layoffs. Amazon, one of the world's largest e-commerce companies, is planning to eliminate approximately 14,000 managerial roles, according to reports
  • RBI appoints Indranil Bhattacharyya as new Executive Director

    Prior to his promotion as ED, Indranil Bhattacharyya was serving as Adviser in the Monetary Policy Department of the RBI
  • Adani Group to strengthen foothold in realty space, in talks to buy Emaar’s India business

    Emaar Properties entered the Indian real estate market in 2005 in partnership with India’s MGF Development. It has a large portfolio of residential and commercial spaces across Delhi-NCR, Mumbai, Mohali, Lucknow, Indore and Jaipur
  • BMW Group India to hike prices by up to 3 pc from April 1

    According to the official notification, the revised prices will come into effect from April 1, 2025. However, the company has not specified which models will see the highest price increase.
  • India’s coffee exports rise to 40 per cent in April-Feb

    In Rupee terms, the exports increased 43.37 per cent to Rs 13004.75 crore during April-Feb 2024-25 from Rs 9,070 crore in the same 11-month period last
  • Centre seeks reply from X over its chatbot Grok’s controversial responses

    Recently, Grok's use of abuses and slang in Hindi to an X user sparked controversy. This occurred after the X user, who had prompted Grok to provide a list of the '10 best mutuals', responded to the chatbot with some harsh comments
  • Sensex, Nifty surge as IT stocks rally; Fed rate cut outlook boosts markets

    The 30-share BSE Sensex climbed 478.13 points to reach 75,927.18 in early trade, while the NSE Nifty advanced 149.1 points to 23,056.70. Among the top gainers from the Sensex pack were Infosys, Tata Consultancy Services, Bharti Airtel, HCL Tech, Zomato, Tech Mahindra, Titan, and Mahindra & Mahindra.
  • Rupee gains 12 paise against US dollar amid positive equities, weak greenback

    Forex traders noted that the Indian rupee has pushed back against external pressures, bolstered by strong foreign inflows into debt markets. However, persistent foreign institutional investor sell-offs and uncertainty over Trump's tariff stance could still threaten the rupee's upward trajectory.
  • India banned over 1,000 betting, gambling websites in 2024

    Ashwini Vaishnaw, Minister for Electronics and Information Technology, told the Lok Sabha that both State governments and the Centre have to work together to deal with such activities
  • Rs 10,600 crore fertilizer project in Assam gets Cabinet nod

    The ammonia-urea complex will come up on the existing premises of the Brahmaputra Valley Fertiliser Corporation Limited at Namrup
  • Registrations of homes priced over Rs. 1 cr rise by 1 per cent in Hyderabad, overall registrations witness 16 per cent decline

    A strong shift toward premiumisation has emerged and homes priced at Rs.1 crore and above increased by 1 per cent YoY, accounting for 18 per cent of total registrations in February 2025
  • Uber India narrows losses to Rs 89 crore, expenses surge 26 per cent

    Employee costs accounted for nearly 68 per cent of overall spending, up 29.4 per cent to Rs 2,690 crore in the fiscal year ending March 2024
  • Steel dump from China: India’s Commerce Ministry recommends 12 per cent safeguard duty on certain products

    Domestic steel players have raised concerns over increasing imports of steel from nations like China
  • Adani Group enters Indian professional golf

    Adani Group to launch Adani Invitational Golf Championship 2025 in partnership with Kapil Dev-led Professional Golf Tour of India
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