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"business-news"

  • India’s coal import declines marginally in Apr-Feb period of FY’25

    Coking coal import was at 49.7 MT during April-February 2024-25, down from 51.9 MT during the same period of previous year
  • TCS delays salary hikes amid global uncertainty

    TCS typically revises the wages of its staff in April every year. The employee count at the end of fiscal 2025 stood at 6,07,979, as the company added 625 employees in the fourth quarter
  • Gold prices hit record high, breach Rs 96,000 level

    Silver also registered a steep rise of Rs 2,300 to Rs 95,500 per kg, largely in tandem with global trends
  • Ola’s Roadster X+ to hit road this month, check out details

    Company rolls out the first Roadster X+ e-bike from its Futurefactory in Krishnagiri, Tamil Nadu
  • Google lays off hundreds of employees from platforms and devices division

    The development comes at a time when several global companies, including Amazon, Intel and Goldman Sachs, are also cutting jobs amid the growing influence of AI and global economic uncertainty
  • TCS net profit dips 2 per cent to Rs 12,224 crore in Q4 FY25

    Tata Consultancy Services (TCS) — whose earnings marked the official start of IT results season — reported a total revenue of Rs 64,479 crore in Q4 FY25, up 5.3 per cent over the year-ago period
  • TajGVK Hotels gets Rs 42 lakh tax demand order  

    The order relates to “mismatch” in service tax abatement availed by the company; hospitality firm to file an appeal
  • US-based BlackRock emerges as largest investor in Adani’s $750 million bond issue

    The investment comes at a time when Adani Group officials are under scrutiny following a US Department of Justice indictment in a bribery case in November last year
  • I’m not Sanjay of Mahabharat: RBI Governor

    The RBI Governor’s remarks came at a media briefing on being asked if more interest rate cuts are in the offing
  • RBI to expand ambit of co-lending to enhance credit flow

    The present framework limits co-lending to partnerships between banks and non-banking financial companies (NBFCs) to priority sector lending such as agriculture, micro-enterprises and loans to weaker sections
  • BharatPe receives licence from RBI to operate as an online payment aggregator

    The authorisation will allow Resilient to facilitate various payment-related services, including transactions through its own payment gateway, a statement from BharatPe said
  • RBI Governor says trade tariff related measures cloud economic outlook across regions

    Sanjay Malhotra said that trade tariff related measures have clouded the economic outlook across regions, posing risk of new headwinds for global growth and inflation
  • RBI cut India’s growth forecast to 6.5 per cent from 6.7 per cent

    It may be noted that the growth projection for the current year has been marked down by 20 basis points relative to our earlier assessment of 6.7 per cent in the February policy": RBI Governor
  • RBI slashes key interest rate by 25 basis points to 6 per cent, second in a row

    The RBI slashed key interest rate by 25 basis points, for the second time in a row, to support a shuttering economy hit by reciprocal tariffs imposed by the US
  • Rupee sinks 50 paise, settles at 86.26 against US dollar

    The Indian currency logs the maximum single-day loss on April 8. It earlier recorded such a steep loss in one session on January 13 this year, when it had depreciated by 66 paise 
  • Hyderabad-based Cyient to invest $100 million in semiconductor business

    The company is also looking at raising capital from an external investor by September and is in the process of appointing merchant bankers
  • Apple may export more iPhones from India amid global uncertainties: Report

    The US tech giant is considering this move as a temporary solution to reduce the rising cost of importing products from China, according to a report by The Wall Street Journal.
  • Tata Motors reports 3 per cent decline in its group global wholesales

    Global wholesales of Tata Motors passenger vehicles, including electric vehicles, in Q4 FY25 were at 1,46,999 units, lower by 6 per cent against Q4 FY24
  • Swiggy Instamart unveils ‘Maxxsaver’ feature for savings on orders

    The Swiggy Instamart 'Maxxsaver' feature is aimed at making everyday shopping more affordable and rewarding
  • India secures 3rd spot-funded fintech startup ecosystem globally in Q1 2025

    The first quarter of this year witnessed a total funding of $366 million. March was the most funded month of the quarter, with $187 million raised, accounting for 51 per cent of the total funds
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