business and finance

IOC Q2 net profit slumps 98% on fall in refining, fuel margin

IOC and other state-owned fuel retailers — HPCL and BPCL — had last year made extraordinary gains from holding petrol and diesel prices despite a drop in cost.




business and finance

India’s IT services market grew 6.1% in 2023, reaching a size of $14.5 bn: International Data Corporation

While IT investments showed a slower recovery compared to the previous year, digital transformation (DX) initiatives and IT environments would continue to drive market growth




business and finance

IT Minister Nara Lokesh calls on Microsoft CEO Satya Nadella, other tech CEOs in U.S.

IT Minister Nara Lokesh, during his interactions with tech CEOs in the U.S., projected the State Government’s vision of Andhra Pradesh becoming a technology hub




business and finance

Maruti Suzuki Q2 net profit falls 17% to ₹3,069 crore

Maruti Suzuki India Ltd. reports 17% drop in net profit due to tax changes, plans amalgamation with subsidiary




business and finance

Sensex, Nifty rise on buying in bank stocks, positive global cues

Equity indices Sensex and Nifty rise on fag-end buying, global market trends, and institutional investors’ support




business and finance

Oil firms hike commission paid to dealers, no rise in fuel prices

Petrol and diesel prices will come down in States such as Odisha, Chhattisgarh, and Himachal Pradesh due to a rationalisation of intra-state freight. Oil Minister Hardeep Singh Puri welcomes move.




business and finance

Nara Lokesh meets Amazon Web Services MD Rachel Skaff and Indra Nooyi, among others, in Las Vegas

Nara Lokesh seeks investments from Amazon Web Services and Salesforce for AI and technology development in Andhra Pradesh




business and finance

U.S. faces shortage of IV fluids, India alerts domestic firms to chip in 

The drug exporters body of India has asked Indian drug makers who have approvalsz, to express their willingness to supply to the U.S., where Hurricane Helene has caused damage to a manufacturing facility




business and finance

Sugar sector demands hike in sale price and ethanol prices

The Minimum Sale Price (MSP) of sugar should be increased to ₹39.14 a kg for the sugar season 2024-2025 from ₹31 a kg that was fixed in 2019




business and finance

Castrol India names Kedar Lele as its new MD

Castrol India appoints Kedar Lele as new Managing Director, bringing vast experience from Hindustan Unilever to drive growth




business and finance

Dabur Q2 profit down 17.6% to ₹417.5 cr impacted by inflation, squeeze in urban demand

The company had posted a net profit of ₹507.04 crore in the July-September quarter a year ago, Dabur India said in a regulatory filing




business and finance

Sensex, Nifty decline in early trade on unabated foreign fund outflows, selling in IT stocks

The Sensex and Nifty fall due to IT stocks and foreign fund outflows; Larsen & Toubro gains, U.S. markets close negative




business and finance

HDFC Bank unit HDB Financial Services files with SEBI for ₹12,500 crore IPO

The Public Offer Includes a reservation of Equity Shares for subscription by Eligible Employees and a reservation Equity Shares of Face Value of ₹10 each for subscription by eligible HDFC Bank shareholders




business and finance

Mahindra October auto sales up 20% YoY to 96,648 units; SUV sales up 25%

Including exports, the total SUV sales were 55,571 units. The domestic sales for Commercial Vehicles stood at 28812 units




business and finance

Royal Enfield October sales up 31% to 1,10,574 units

The company exported 8,688 motorcycles during the month




business and finance

High-value debt listed entities: SEBI proposes doubling threshold to ₹1,000 crore

Further, SEBI has proposed tweaking framework for ESG Rating Providers, particularly for those using a subscriber-pays model




business and finance

Lower sales realisation hit margins of cement makers in Q2

Industry observers said the increase in sales volume of UltraTech and Ambuja Cements is mainly due to the several acquisitions by both companies that consolidated their position further in the industry




business and finance

Government infuses ₹1,650 crore in Rashtriya Ispat Nigam Limited

“SBICAPS, a wholly-owned subsidiary of the State Bank of India, is preparing a report on the sustainability of RINL,” a press note said




business and finance

NTPC, ONGC green arms form 50:50 JV for renewable energy play

“The JVC will also seek opportunities to acquire renewable energy assets and will also consider participation in upcoming offshore wind tenders in Tamil Nadu and Gujrat,” a statement said 




business and finance

Maruti opens bookings for fourth generation Dzire

“By combining advanced powertrain options with thoughtfully curated features, the All-New Dzire is poised to deliver an exceptional experience,” an official said




business and finance

India becoming part of global drug development operation of BMS: Samit Hirawat 

Samit Hirawat discussed India’s growing significance as a site for clinical trials, innovations in drug development, and how technology is poised to help bring new products to market faster




business and finance

SEBI directs Embassy Office Parks to suspend CEO

Embassy REIT is India's first publicly listed Real Estate Investment Trust




business and finance

L&T, E2E Network form alliance for deployment of Gen AI solutions in India

“The partnership is a significant step towards adoption of GenAI solutions in India to foster a fundamental shift in the way Accelerated Computing on Cloud is used by Indian organisations,” the companies said




business and finance

Noel Tata appointed to Tata Sons board 

The move follows Noel Tata's appointment last month as the chairman of the powerful and influential philanthropic arm of the Tata group, called Tata Trusts




business and finance

Boeing factory strike ends as workers vote to accept contract

Boeing factory workers end strike with contract approval, securing wage increase and resuming production




business and finance

Southwest Airlines names IndiGo co-founder Rakesh Gangwal as Chairman

On November 4, Southwest announced the appointment of Mr. Gangwal as the independent Chair of the Board of Directors and also named new Board Committee Chairs.




business and finance

Solar cell manufacturing to outstrip global demand by 2024: report

The sector experienced huge growth in 2023 with solar cell, wafers and modules capacity nearly doubling in comparison with the previous year, says World Solar Market Report 2024




business and finance

Automobile retail sales witness 64% growth in October: FADA

The convergence of major festivals (Navratri & Diwali) in October significantly boosted consumer demand, FADA said.




business and finance

Royal Brunei Airlines begins direct flights to Chennai

Chennai will be the carrier’s sole destination in India




business and finance

Macrotech Developers to acquire Bain Capital’s stake in three digital infra platform entities for ₹307 crore 

The entities include Bellissimo Digital Infrastructure Development Management Pvt. Ltd., Palava Induslogic 4 Pvt. Ltd., and Bellissimo In City FC Mumbai 1 Pvt. Ltd., facilitated through Securities Purchase Agreements (SPAs).




business and finance

TCS signs multi year deal with Air France-KLM to modernise the airline group’s data

Over the next three years, TCS will modernise the airline group’s data by moving it to cloud, promoting the next generation of data-driven aviation. 




business and finance

Israel signs deal to acquire 25 F-15 fighter jets from Boeing Co

Delivery of the F-15 aircraft will begin in 2031, with 4-6 aircraft to be supplied annually




business and finance

Mahindra & Mahindra Q2 net profit rises 35% to ₹3,171 crore

The company, consolidated revenue for the period grew 10% to ₹37,924 crore Year on Year (YoY)




business and finance

Fintech Progcap to digitise supply chains of MSMEs to make them part of formal economy




business and finance

ED raids offices of sellers using Amazon, Flipkart platforms in FEMA probe

Amazon and Flipkart have for years faced allegations from Indian brick-and-mortar retailers that they violate foreign investment rules by working with select preferred sellers




business and finance

Trent Ltd Q2 net profit surges 44% to ₹339 crore

Consumer sentiment has remained relatively muted says Chairman Noel N Tata




business and finance

In a win for Elon Musk, Scindia says no to spectrum auction pitch from Ambani, Mittal

Elon Musk's Starlink and global peers like Amazon's Project Kuiper back an administrative allocation of spectrum for satellite broadband




business and finance

SBI Q2 net profit jumps 23% to ₹19,782 cr

The consolidated net profit for the corresponding period last year stood at ₹16,099 crore.




business and finance

Tata Motors Q2 consolidated net profit declines 11% to ₹3,343 crore

The company had posted a consolidated net profit of ₹3,832 crore in the same quarter of the last fiscal, Tata Motors said in a regulatory filing.




business and finance

Tea industry calls for scientific quality grading of tea

During the 141 th AGM of Indian Tea Association, the stakeholders of tea industry highlighted the challenges faced by the industry which included the “unsustainable increase in costs” amidst “unremunerative prices” with “adverse weather conditions across Assam and Bengal” further aggravating the situation. 




business and finance

Ratan Tata’s absence deeply felt across the world, writes PM Narendra Modi

He wore his achievements lightly, with humility and kindness.




business and finance

Singapore Airlines to invest additional ₹3,195 crore in Air India post-Vistara merger

Full-service carrier Vistara, which started flying on January 9, 2015, is a joint venture between Tatas and Singapore Airlines, where the latter holds a 49% shareholding




business and finance

On improving wind energy generation | Explained

What is Tamil Nadu’s wind power capacity? What about national wind energy capacity? What does repowering and refurbishing of wind turbines mean? Why are wind energy generators opposing the new policy of the Tamil Nadu government?




business and finance

Maruti Suzuki introduces All New Dzire at ₹6.79 lakh

So far over 27 lakh Dzire cars had been sold in India since its introduction in 2008. 




business and finance

Vedanta plans to invest $500 million in group firm AvanStrate Inc.

“This investment is aimed at driving innovation and expansion within ASI, strengthening its focus on R&D,” the company said




business and finance

Ambuja Cements seeks CCI nod to acquire majority stake in Orient Cement

Assuming full acceptance of open offer, the stake of Ambuja Cements will stand at 72.8%, said a notice filed with the CCI on Friday




business and finance

LTTS to acquire California firm Intelliswift for an aggregate consideration of $110 million

As per the filing, Intelliswift services four of the top five hyperscalers and caters to over 25 Fortune 500 companies including five of the top 10 ER&D spenders in Software and Technology




business and finance

Amul to enter Europe by end of this month: MD

The company will launch the products in Spain first and then look at expanding to other countries in Europe




business and finance

Travel brand Cox & Kings returns under the ownership of PE firm Wilson & Hughes Pte

Acquired through its Indian subsidiary, Wilson & Hughes PTE, has exclusively acquired the brand Cox & Kings along with over 200 plus specialised sub-brands that were part of its portfolio.




business and finance

Air India-Vistara merger complete; integrated entity to operate over 5,600 weekly flights

With the merger, Singapore Airlines will have a 25.1% stake in the enlarged Air India. Vistara was a joint venture between Tatas and Singapore Airlines.