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"business-news"

  • Paytm shares tumble 5 per cent; hit fresh lower circuit level

    The stock dropped 4.99 per cent to Rs 823.10 on the BSE. At the NSE, it tanked 4 per cent to Rs 830.55. Ant Group is likely to offload up to 4 per cent stake worth about Rs 2,066 crore in One97 Communications, according to sources
  • Editorial: Historic trade agreement between India-UK

    The biggest pact signed by Britain after leaving the EU marks a major milestone in bilateral relations and also reflects India’s rising status in the global order
  • ReNew Power funds Rs 22,000 cr to establish India’s largest renewable energy complex in Andhra Pradesh

    ReNew will set up a 1,800 megawatt solar energy plant and another 1,000 MW wind facility along with a battery energy storage system BESS) of 2 gigawatt hour (GWh) in two phases at Anantapur in Andhra Pradesh
  • India extends crucial financial support to Maldives through rollover of USD 50 million Treasury Bill

    At the request of the Maldivian government, the State Bank of India (SBI) has subscribed, for one more year, a USD 50 million Government Treasury Bill issued by the Ministry of Finance of Maldives, the Indian High Commission in the Maldives said
  • Yes Bank shares jump over 8 per cent

    The stock climbed 8.7 per cent to Rs 21.74 on the BSE. At the NSE, shares of the firm surged 8.39 per cent to Rs 21.70. The company's market valuation went up by Rs 1,415.15 crore to Rs 64,123.38 crore
  • India, EU to hold next round of FTA talks from May 12

    The two sides have agreed to conclude the agreement in two phases on account of the uncertain global trade environment, particularly due to the US tariff actions under President Donald Trump
  • Indian economy likely to grow at 6.5 per cent in FY26: CII president

    CII president asserted that the country must pursue bilateral trade pacts with key trading partners to protect national interests in the backdrop of increasing trade barriers
  • Trade talks: USTR Jamieson Greer plans to visit South Korea this week

    Greer is scheduled to arrive in South Korea on Thursday for a two-day stay to attend the Asia-Pacific Economic Cooperation (APEC) trade ministers meeting, which will be held on the southern resort island of Jeju
  • Swiggy’s March quarter net loss nearly doubles to Rs 1,081 cr

    Total expenses shot up to Rs 5,609.6 crore during the the March quarter of FY25, as against Rs 3,668 crore in the corresponding period of the previous year
  • No shortage of fuel, Indian oil companies assure public

    State-owned IOC, BPCL and HPCL in separate statements said India has ample fuel stocks available and there is no need for panic buying
  • SBI to sell 13 per cent stake in Yes Bank to Japanese SMBC for Rs 8,889 cr

    The executive committee of the central board (ECCB) of the bank in the meeting has accorded approval to divest 413.44 crore shares or equivalent to 13.19 per cent stake in Yes Bank, for a consideration of Rs 8,888.97 crore, SBI said
  • Indian Overseas Bank clarifies about rumours of ATM closures as ‘false’, ‘unfounded’

    "Indian Overseas Bank assures the public that all our ATMs are fully operational. The rumours circulating about ATM closures are false and unfounded", the bank said
  • No impact of India-Pak tensions on Basmati trade, says rice exporters body

    All India Rice Exporters Association president Satish Goel said the recent increase in prices of the commodity was owing to higher demand and not due to the ongoing India-Pakistan tensions
  • Centre notifies expansion of Credit Guarantee Scheme for Startups

    DPIIT, Ministry of Commerce and Industry, has notified the expansion of the CGSS, which increases the ceiling on guarantee cover per borrower from Rs 10 crore to Rs 20 crore
  • Reliance withdraws ‘Operation Sindoor’ trademark application, says it was filed inadvertently

    The Mukesh Ambani-run firm was the first to apply for a patent on May 7 and was followed by three more — a Mumbai resident, a retired Indian Air Force officer and a Delhi-based lawyer
  • LG Electronics begins work on Rs 5,000-crore plant in Andhra Pradesh

    The South Korean giant’s investment in Andhra Pradesh is the largest single stage electronics investment in South India. Production at the home appliance factory is expected to begin at the end of next year
  • India’s services sector growth improves slightly in April

    The seasonally adjusted HSBC India Services PMI Business Activity Index reached 58.7 in April, up from 58.5 in March, indicating a sharp and stronger expansion in service sector output
  • CBI arrests Oil India’s deputy general manager, private company executive for bribery

    Prayas Chakravorty, a deputy general manager (DGM) of Oil India Limited (OIL), had allegedly demanded a bribe from Jyoti Kumar Singh, the DGM of Noida-based United Drilling Tools Limited, for the award of a certain contract in favour of the private company, they said
  • Airtel’s B2B arm launches ‘Business Name Display’ solution for enterprises

    The solution was piloted with over 250 businesses across sectors, including banking, retail, food delivery, mobility, Quick commerce, courier and logistics
  • India’s mineral production rises to all-time high in 2024-25

    The output of iron ore, which accounts for 70 per cent of the total mineral production by value, increased to 289 million metric tonnes (MMT) in FY 2024-25, breaking the earlier production record of 277 MMT achieved in FY 2023-24, registering a 4.3 per cent growth
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