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"business-news"

  • CG Power and Industrial Solutions posts 32 percent rise in profit

    The consolidated net profit of CG Power and Industrial Solutions Ltd stood at Rs 362 crore in the March quarter mainly on the back of higher revenues. Sales rose to Rs 3,442 crore during the quarter from Rs 2,753 crore in the same period a year ago.
  • Nara Lokesh lays foundation for Carrier Global’s AC manufacturing facility in Tirupati

    Andhra Pradesh IT Minister, Nara Lokesh laid the foundation stone for Carrier Global's manufacturing facility, expected to generate 3000 jobs in the state.
  • India among top 5 spam-hit countries, says Truecaller report

    India ranks fifth among the world’s most spam-affected countries, with telemarketing and sales calls leading the problem. A Truecaller report shows 68 billion spam calls globally in 2025, with financial services and scams also contributing significantly in India.
  • Government appoints Rohit Jain as RBI Deputy Governor

    Jain is currently Executive Director at the Reserve Bank of India. He replaces T Rabi Sankar, whose extended tenure ended on May 2
  • Editorial: India–New Zealand FTA — a win-win trade agreement

    India–New Zealand is uniquely positioned to generate jobs, deepen capabilities, and evolve from transactional engagement into an enduring and embedded partnership
  • Iran rial crashes to record 1.8 million per dollar  

    Experts say the fall of rial is likely to further fuel inflation, as rising dollar drives up cost of essential imports — from food and medicine to electronics and raw materials
  • UAE to exit OPEC from May 1 amid rising tensions with Saudi Arabia

    Saudi Arabia remains an OPEC heavyweight despite waning influence, as rivalry with the UAE deepens over economic interests and regional politics, particularly in the Red Sea region
  • RBI cancels banking licence of Paytm Payments Bank

    Paytm Payments Bank has been barred from conducting any banking business, and the RBI will move the high court to initiate its winding up
  • France’s Groupe ADP to sell 7.3% stake in GMR Airports for over Rs 10,100 crore

    Paris airport operator’s stake in the airports business arm of the GMR Group to drop from 32.3 per cent to 25 per cent after deal completion
  • Amazon blocks millions of fake reviews, seizes 15 million counterfeit products in 2025

    Amazon revealed it blocked fake reviews and seized millions of counterfeit products in 2025. Using AI and legal action, the company is intensifying efforts against online fraud and expanding its Counterfeit Crimes Unit to India.
  • Aurobindo Pharma’s Rs 800 cr buyback offer opens on April 23

    Hyderabad-based Aurobindo says buyback will reward shareholders, boost returns, improve earnings per share, without changing control or affecting management structure
  • Apple announces leadership transition: Tim Cook to step down, John Ternus to take over

    Apple has announced a leadership transition, with Tim Cook stepping down as CEO and John Ternus set to take over in 2026. The move marks a major shift as Apple prepares for its next phase of AI-driven growth.
  • TCS makes 25,000 fresher offers for FY27

    Tata Consultancy Services has made 25,000 fresher offers for FY27, with hiring to depend on demand conditions, CEO K Krithivasan said. The IT major reported stable pipelines, rising deal conversions, and improved discretionary demand across global markets.
  • Shapoorji Pallonji Mistry pushes for Tata Sons listing, cites public interest

    Mistry’s remarks come amid reports that Tata Trusts trustees Venu Srinivasan and Vijay Singh support public listing of Tata Sons, while chairman Noel Tata opposes the move
  • Jaypee founder backs Adani in JAL acquisition battle

    National Company Law Tribunal’s Allahabad bench had approved Adani Enterprises' Rs 14,535 crore bid to acquire JAL assets, which was challenged by Vedanta with a Rs 17,926 crore offer
  • No governance lapses found in HDFC Bank, says RBI

    Governor Sanjay Malhotra says board minutes reviewed; no concerns on ethics and governance
  • Air India forms panel to find CEO Wilson’s successor

    Campbell Wilson has been under fire since June 12 last year following the crash of London-bound flight shortly after takeoff from Ahmedabad, which killed 241 of the 242 people on board. He has also faced criticism over regulatory lapses
  • Government may seek revised bids for IDBI Bank strategic sale

    The strategic sale of IDBI Bank has reached the technical evaluation stage after bids from Fairfax and Emirates NBD fell below the reserve price. The government and LIC jointly hold 94.71% of the bank and aim to sell 60.72%.
  • RBI MPC meet begins amid inflation concerns, rate cut pause likely

    The RBI’s Monetary Policy Committee has begun deliberations amid rising inflation concerns driven by crude oil prices and geopolitical tensions. Experts expect the central bank to maintain a status quo on interest rates while adopting a cautious and flexible policy stance.
  • When Steve Jobs founded a startup on April Fools’ Day — and pulled it off

    On January 9, 2007, Jobs unveiled “three” breakthroughs — an iPod, a phone, and an internet device — then stunned the world: it's one device, And it's called the iPhone
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