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"business-news"

  • Hyd-based Dr Reddy’s gets 2 observations from USFDA for Telangana API plant

    The US Food & Drug Administration (USFDA) completed a GMP inspection at the company's API (active pharmaceutical ingredients) manufacturing facility (CTO-5) in Miryalaguda, Telangana, the Hyderabad-based drug maker said
  • ‘Made in US’ Apple iPhone can cost nearly Rs 3 lakh: Analysts

    A ‘Made in US’ Apple iPhone can cost a whopping $3,500 (more than Rs 2,98,000) in the absence of a fully-integrated supply chain in the country, according to top analysts
  • Supreme Court grants stay on Rs 5,712-cr GST notice sent to First Games: Paytm

    SC has granted a stay on a Rs 5,712-crore GST notice sent to fintech firm One97 Communications-owned real money gaming platform First Games
  • Hyd-based Apollo Micro Systems Ltd Q4 net profit grows 8 per cent to Rs 14 crore

    AMSL had posted a net profit of Rs 12.9 crore in the January-March period of 2023-24, the company said in a statement. AMSL's operational revenues increased by 19 per cent to Rs 161.7 crore from Rs 135.4 crore in Q4 FY24
  • It is ok to go to India to build its plants, but Apple is not going to sell in US without tariffs: President Trump

    “I have long ago informed Tim Cook of Apple that I expect their iPhones that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else. If that is not the case, a Tariff of at least 25% must be paid by Apple to the US
  • Govt approves interest rate at 8.25 per cent on employees’ provident fund for FY25

    "Ministry of Finance has given concurrence to 8.25 per cent rate of interest on the EPF for 2024-25 fiscal year and labour ministry sent a communication regarding this to the EPFO on Thursday," a labour ministry official said
  • LIC earns Guinness World Record for selling highest life insurance policies in 24 hours

    Life Insurance Corporation of India said it has earned a Guinness World Record title for most life insurance policies sold in 24 hours
  • Talks with Pakistan on budget ‘constructive’: IMF

    The IMF team started high-level policy talks in Islamabad on May 19 to discuss the FY 2025-26 budget, which went on for days but apparently were inconclusive, forcing the government to delay the announcement of the budget till June 10
  • Piyush Goyal meets EU counterpart for second time in a month on FTA talks

    Goyal travelled to Brussels on May 23 from Washington, while India's chief negotiator L Satya Srinivas and his team are already at the EU headquarters for the FTA negotiations
  • RBI to pay government record dividend of Rs 2.69 lakh crore for FY25

    The Reserve Bank of India had transferred Rs 2.1 lakh crore dividend to the government for the fiscal 2023-24. It was Rs 87,416 crore for 2022-23
  • Make iPhones in US or pay 25% import tax, Trump threatens Apple

    Apple, led by CEO Tim Cook, in response to Trump’s tariffs on China is looking to shift iPhone manufacturing to India as it adjusts supply chains
  • Ambani, Adani compete for North-East; announce big investments

    RIL chairman and managing director said his group will invest in setting up a 150-bed cancer hospital in Manipur. Adani committed to investing an additional Rs 50,000 cr over next 10 years in green energy, road construction and creating digital infrastructure in North Eastern states
  • Wipro Chairman Rishad Premji’s pay doubles in FY25 but is still less than CEO Srinivas Pallia

    Premji, in the fiscal year 2023-24, did not take any commission since the company’s incremental consolidated net profit for the year was negative, and took a pay cut of about 20 per cent
  • GMR Airports loss widens to Rs 253 crore in March quarter of FY25

    Delhi, Hyderabad and Mopa (Goa) airports are operated by entities that are part of GMR Airports Ltd. The company had a loss of Rs 168 crore in the year-ago period
  • Ola starts deliveries of electric motorcycles under Roadster X portfolio, worth Rs 10,000 for first 5,000 customers

    The prices of the Roadster X+ series start at Rs 99,999 for the 2.5kWh variant, Rs 1,09,999 for the 3.5kWh variant, and Rs 1,24,999 for the 4.5kWh model
  • Sensex jumps over 900 points

    After a flat start to the trade, the 30-share BSE benchmark gauge Sensex bounced back and jumped 953.18 points to 81,905.17 in late morning deals. The NSE Nifty surged 299.35 points to 24,909.05
  • Ashwini Vaishnaw calls for concerted action to build talent, capacity in support of ‘Viksit Bharat 2047’ mission

    Addressing a roundtable comprising industry leaders and academia here, Vaishnaw, urged stakeholders to accelerate the development of a future-ready workforce to drive India’s manufacturing growth
  • Piyush Goyal meets US Commerce Secretary in Washington to discuss proposed bilateral trade agreement

    Goyal held a meeting with Lutnick to expedite the talks on the first phase of the trade pact
  • Accenture to promote 15,000 Indian employees in June

    Accenture is one of the largest employers in the Indian IT services sector, with over 3,00,000 staff
  • Samsung starts manufacturing its slimmest smartphone Galaxy S25 Edge in India

    Built on the Qualcomm AI chipset Snapdragon 8 Elite Mobile Platform, the device has been priced in the range of 1.09 lakh to Rs 1.22 lakh apiece 
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