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Showing posts from April, 2025

India among top IPO markets with $2.8bn mop-up: EY

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fAtZS5U >

Trump administration to offer relief to car manufacturers amid continued 25% tariff

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The US administration plans to implement measures by Tuesday to reduce the impact of automotive import tariffs, allowing manufacturers additional time to shift production to US soil. While the 25 per cent tariffs on imported vehicles and components will continue, they will be restructured to prevent overlap with other tariffs. The automotive industry responded positively to these changes. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/avA63Uw >

Address infra gaps to target 1bn UPI payments a day: FM Sitharaman

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Urban Company files for Rs 1,900 crore IPO with Sebi

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Urban Company has filed for an IPO with Sebi to raise Rs 1,900 crore, including a fresh issue of shares and an offer for sale by existing investors like Accel India and Elevation Capital. The company intends to use the funds for technological upgrades, office space, and marketing initiatives. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4rWovjV >

Apps gave Apple $5.3 billion in India in 2024

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Apple's iOS app ecosystem in India has generated significant revenue, reaching $5.3 billion in 2024. This surge has propelled Apple's overall business engagement in India to nearly $27 billion, encompassing iPhone sales, exports, and app store transactions. Indian developers have greatly benefited, with their global earnings tripling in the last five years, marking a substantial economic impact. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/TOCjS92 >

Huawei's AI chip to rival Nvidia's: Report

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Wall Street week ahead: Big tech results, jobs data, and inflation reports set stage for busy market week

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TCS leads as market cap of 6 six of top 10 most valued firms jumps by Rs 1.18 lakh crore

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Last week, six of India's top ten most valuable companies experienced a significant surge in their combined market valuation, totaling Rs 1,18,626.24 crore, driven by a broader market rally. TCS emerged as the top gainer, while Bharti Airtel saw the biggest drop in valuation. Reliance Industries retained its position as the most valued company. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/CmW4dHJ >

India shines for global consumer goods giants despite urban demand slowdown and global market turmoil

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Despite global market challenges, India stood out for consumer goods companies. Urban demand is slow, but rural markets are improving. Firms like Unilever and P&G see India as a key growth driver. Premium products are doing well. Pernod Ricard and Heineken report strong demand. Companies are optimistic about India's growth potential in the current fiscal year. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/1aGh0E7 >

Government unveils Rs 23,000-crore electronics components manufacturing scheme to boost domestic production

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The government has launched the Electronics Components Manufacturing Scheme (ECMS) with a budget of Rs 23,000 crore to enhance domestic electronics production. The scheme prioritizes firms with strong local design capabilities and quality standards. It aims to increase India's global electronics manufacturing share to 8 per cent and attract significant investments, creating numerous jobs and boosting production value. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GsQ6U4g >

Mahindra to acquire nearly 59% of SML Isuzu for Rs 555 crore

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Mahindra & Mahindra Ltd. has announced its strategic move to acquire approximately 59% stake in SML Isuzu for Rs 555 crore, purchasing shares at Rs 650 each. This acquisition includes Sumitomo Corporation's 44% stake and Isuzu Motors' 15% stake, triggering a mandatory open offer for public shareholders. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/JHrbieN >

Govt guarding steel industry from dumping, says Goyal

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RIL profit rises 6% to Rs 22.6k crore in Q4

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Reliance Industries reported a 6% rise in quarterly profit, reaching Rs 22,611 crore, driven by strong performances in its digital and retail sectors. This growth compensated for a 10% decline in the oil-to-chemicals unit's operating profit due to lower fuel cracks and polyester margins. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/bwD0ZzO >

ED detains BluSmart's Puneet Jaggi

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Puneet Jaggi, a promoter of Gensol Engineering, has been detained by the Enforcement Directorate. He will be questioned about alleged FEMA violations. The probe focuses on potential fund diversions for foreign exchange acquisition. Searches occurred in Delhi, Gurgaon, and Ahmedabad. Anmol Jaggi, his brother, is expected to be summoned soon. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/IcjpUsk >

Pune company loses Rs 6.5 crore in cyber fraud

from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/gn2qYoe >

Like Voda Idea, now Airtel looks to convert govt’s statutory debt with equity swap

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UPI payments get ‘delegate access to contacts’ option

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Adani drops telecom plans, will sell spectrum to Airtel

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HDFC Bank 3rd Indian co to top Rs 15L cr mcap mark

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/oeK5ahL >

Government to take action against Gensol after looking at Sebi order

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KVIC crosses Rs 1.7 lakh crore turnover, 50% rise in employment generation

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Khadi and Village Industries Commission achieves a historic milestone. Turnover surpasses ₹1.70 lakh crore for the first time. Production and sales see significant growth over the past 11 years. Employment generation rises, benefiting nearly 2 crore individuals. Pradhan Mantri Employment Generation Programme supports rural employment. Gramodyog Vikas Yojana receives increased funding. KVIC distributes machines and toolkits to boost micro-enterprises. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/zY6aJsB >

MTNL defaults on PSU bank loans worth Rs 8,346 crore

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/IOXCGF9 >

DHL to suspend B2C shipments over $800 to US citing new customs rules

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DHL Express will temporarily halt B2C shipments over $800 to the US starting April 21 due to stricter customs regulations. The new rules, effective April 5, lowered the formal entry processing threshold from $2,500. While B2B shipments continue, delays are expected, and shipments under $800 remain unaffected as DHL adapts to the changing compliance landscape. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/jdEDP26 >

BHEL reports Rs 27,350 cr revenue in FY25, achieves record Rs 92,534 cr in new orders

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Bharat Heavy Electricals Limited (BHEL) announced a 19% revenue increase, reaching Rs 27,350 crore for FY25. The company achieved a record annual order inflow of Rs 92,534 crore, boosting its total order book to Rs 1,95,922 crore. BHEL commissioned 8.1 GW of power capacity, demonstrating its commitment to infrastructure development and operational excellence. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/z9uBSZh >

Tariffs, labour costs push jet prices higher

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Commercial plane prices are soaring, driven by supply chain disruptions, rising material costs, and geopolitical factors like the exclusion of Russian titanium. US President Trump's tariffs on steel and aluminum further exacerbate the issue. Labor costs are also increasing, with Boeing and Spirit AeroSystems agreeing to significant wage hikes. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/LhvGRfO >

'No settlement without backing of Byju's creditors'

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The National Company Law Appellate Tribunal (NCLAT) has dismissed attempts to halt insolvency proceedings against Byju's without creditor approval, reinforcing the authority of the Committee of Creditors (CoC). NCLAT upheld that any settlement proposal after CoC formation requires 90% creditor consent, as per the Insolvency and Bankruptcy Code. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/TZ4iRSf >

Sensex soars 3k points in 3 days to top 78k, erases year’s losses

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Despite Wall Street's turmoil fueled by trade war anxieties and cautious Fed remarks, Indian stock markets witnessed a significant rally. Banking and financial stocks, along with Reliance Industries, spearheaded the surge, reversing an early decline. Positive monsoon forecasts and easing inflation ignited hopes for RBI rate cuts, attracting substantial foreign investment and boosting investor wealth. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Lm0iKT6 >

ITC to acquire 24 Mantra Organic brand for Rs 472.5 Crore

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ITC Ltd is set to acquire Sresta Natural Bioproducts, the company behind 24 Mantra Organic, for Rs 472.50 crore. This acquisition will strengthen ITC's presence in the rapidly growing organic packaged foods market, both in India and internationally. The deal aligns with ITC's ‘ITC Next’ strategy, focusing on health and wellness products. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PiLhO9A >

China's Realme partners Optiemus for contract mfg

from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/vcJH2Fm >

Gold hits record $3,300/oz, closes in on Rs 1L/10gm mark

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Amid escalating US-China trade tensions, gold prices have surged to unprecedented levels, exceeding $3,300 per ounce internationally and nearing Rs 1 lakh per 10 grams in India. This surge, driven by safe-haven demand, has dampened consumer appetite, with gold selling at a discount. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/msebuhY >

'Wait for greater clarity': US Fed to hold off altering interest rates

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Federal Reserve Chair Jerome Powell announced a hold on interest rate changes, awaiting clarity on President Trump's economic policies. Uncertainty surrounds immigration, tax policy, regulation, and trade tariffs. While tariffs are expected to cause short-lived inflation and slower growth, opinions diverge among Fed officials. Some, like Waller, downplay long-term tariff impacts, while others prioritize inflation control. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/81u2xlZ >

At $437.4 billion, exports of goods top last year's level

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India's goods exports marginally increased to $437.4 billion in 2024-25, possibly influenced by anticipatory shipments before potential US tariffs. Despite global challenges, total goods and services exports rose by 6% to $820 billion, with non-oil exports reaching a record $374 billion. Engineering and electronics exports saw significant growth, highlighting India's resilience in a tough economic climate. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hDEzQsF >

Retail inflation dips to nearly 6-yr low of 3.34%

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India's retail inflation hit a 5-year low of 3.3% in March, driven by significantly lower food prices. This development is expected to prompt the RBI to cut interest rates to bolster growth amid global economic uncertainties. Experts anticipate retail inflation to remain stable, although geopolitical tensions and weather events require monitoring. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/rXl4WI9 >

Nvidia to build up to $500bn of AI gear in US, a first

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Nvidia is set to manufacture up to $500 billion in AI infrastructure within the US over the next four years through strategic partnerships. Production of their Blackwell AI chip has commenced at TSMC's Phoenix facility. This initiative marks the first instance of AI supercomputer production in the United States, a move attributed to tariffs by President Trump. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ynD1fOR >

TCS's new COO Aarthi breaks IT glass ceiling

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Aarthi Subramanian is poised to become TCS's first woman COO and the first woman C-suite executive at a major Indian IT firm, marking a significant milestone for gender diversity in the industry. Having served as the group chief digital officer at Tata Sons, she brings extensive experience and a deep understanding of TCS to her new role. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/SPtUHN6 >

FPIs pull out nearly Rs 32k crore from equities in April so far

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Asian tech stocks climb amid mixed signals on tariff reprieve

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Technology stocks surged following a temporary pause in tariffs on phones, computers, and consumer electronics, announced by the Trump administration. Apple shares notably climbed, and Asian tech stocks experienced a boost. Despite the positive market reaction, officials cautioned that tech tariffs are still anticipated in the near future, creating uncertainty about ongoing trade negotiations with China. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/CLGRrOJ >

Market cap of five top Indian firms rises by Rs 84,559 crore; HUL tops gainer

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During a holiday-shortened week, five of India's top ten companies saw their combined market valuation increase by ₹84,559.01 crore, even as the broader market experienced a slight decline. Hindustan Unilever emerged as the top gainer, while Reliance Industries maintained its position as the most valued Indian company. TCS experienced the steepest drop in market capitalization among the decliners. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Exjt1MT >

FPIs withdraw Rs 31,575 cr from Indian equities in April amid US tariff turmoil

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Foreign Portfolio Investors have withdrawn a significant Rs 31,575 crore from Indian equity markets in April, influenced by global uncertainties arising from US tariffs. This outflow contributes to a total of Rs 1.48 lakh crore withdrawn in 2025. Experts suggest that India's strong fundamentals and potential for growth may attract FPIs back once global market turbulence subsides. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yDhvczF >

One in 3 merchant payments involves credit: Fintech report

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Moody's cuts 2025 India GDP forecast to 6.1% from 6.4%

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Relief for exporters as US pauses tariffs

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Bitcoin soars 7% after Trump’s surprise 90-day tariff pause, crypto market follows suit

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Bitcoin surged over 7% to $82,350 after former President Trump announced a 90-day pause on tariffs. The move boosted investor confidence, causing a rally in the broader crypto market, with Ethereum, Dogecoin, and Solana all gaining. Despite this short-term boost, experts caution that market uncertainty remains, with Bitcoin down 12% year-to-date. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/gVLyUPh >

Shaky Street: Sensex surges 1.1k points day after 2.2k-point crash

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After Monday's significant losses, the Indian stock market rebounded strongly, fueled by positive global cues and short covering. The Sensex surged by 1.5%, and the Nifty by 1.7%, adding substantial wealth to investors. However, analysts advise caution, citing ongoing trade negotiations and FPI selling, with RBI's interest rate decision expected to influence future trading. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/z8q2MVd >

Bank of Baroda latest to lower rates on FDs

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Bank of Baroda has replaced its BOB Utsav fixed deposit with the new 'bob Square Drive Deposit Scheme,' featuring revised interest rates. The 444-day scheme offers 7.15% to the general public, with higher rates for senior and super senior citizens, reaching 7.80% for non-callable deposits. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/z7tg1MW >

Trump's tariffs: Larger the US business, bigger the stock hit

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Indian stocks with significant US market exposure are facing heavy selling pressure amid growing recession fears in the US and a potential global slowdown. Concerns over high US import tariffs and retaliatory measures are impacting sectors like auto, metals, software, and pharma. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Ct2VXZm >

Govt raises LPG price for all categories; special excise duty on petrol, diesel

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The government has increased LPG prices for all categories, including Ujjwala beneficiaries, and raised the special additional excise duty on petrol and diesel by Rs 2 per litre. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ajgz23W >

FPIs pull out Rs 10.4k crore in 4 trading sessions

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Foreign investors withdrew Rs 10,355 crore from India's equity markets in the last four trading sessions this month due to the US imposing sweeping tariffs, including on India. This outflow followed a significant net investment of Rs 30,927 crore during the six trading sessions from March 21 to March 28. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/5PTnFqt >

RBI likely to cut rates by 25bps: Economists

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Economists predict the RBI will lower interest rates by 25 basis points during its three-day monetary policy meeting. Falling inflation, easing growth, and lower crude oil prices are creating room for this move. Additionally, a shift towards an 'accommodative' policy stance is expected. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/LSnE4C2 >

Jaguar Land Rover hits pause on shipments to US

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Jaguar Land Rover is pausing shipments to the US in response to a new 25% tariff on vehicle imports imposed by the Trump administration. The company is reassessing its trading strategies to adapt to the new tariffs. In the past year, nearly a quarter of JLR's 430,000 vehicle sales were in North America. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/BH7UDLX >

Govt reserves chunk of second startup fund for small players

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Commerce and Industry minister Piyush Goyal has announced that a significant part of the Rs 10,000 crore second fund of funds for startups will support seed funding of smaller players to drive deep-tech innovation. Sidbi, a government financial institution, will administer this fund with a Rs 2,000 crore allocation for the year. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/aA5PhXf >

Flurry of exports as firms race to beat Trump tariffs

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To counter Donald Trump's reciprocal tariffs, Indian companies, including Apple, significantly boosted goods exports to the US, close to last year's $437 billion target. Sectors like electronics, gems, and apparel saw a marked increase in shipments. India's total goods and services exports reached an estimated $800 billion for the fiscal year, with hopes of reduced uncertainty ahead. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/jxuSYd1 >