Economy

Mumbai: The Indian benchmark indices opened lower on Tuesday as selling was seen in the PSU bank, metal and realty sectors in the early trade. At around 9.37 am, Sensex was trading 193.10 points or 0.25 per cent down at 75,803.76 while the Nifty declined 76.95 points or 0.34 per cent at 22,882.55. Nifty Bank

Ahmedabad: Gautam Adani, the Chairperson of the Adani Group, on Monday announced the building of world-class Schools of Excellence across India, making quality education affordable and accessible to all. With an initial donation of Rs 2,000 crore from the Adani family, the partnership will prioritise making world-class education and learning infrastructure affordable to people from

New Delhi:  US trade tariff reciprocity may turn out be more of white noise and overall bilateral negotiations provide a collateral benefit to India, through fostering a conducive environment of cooperative dynamism across defence, energy security, innovations, technology, critical minerals, maritime security, investments and higher education, a special SBI Research report said on Monday. The

New Delhi: Sanjeev Sanyal, member of the Economic Advisory Council to the Prime Minister (EAC-PM) on Monday said those concerned about USAID’s interference in Indian elections should be equally concerned about USAID’s tentacles in India’s medical system and social policies. In a post on X social media platform, Sanyal said that USAID “effectively ran India’s

New Delhi: India has successfully completed the first-ever commercial trial shipments of premium Sangola and Bhagwa pomegranates to Australia via sea, marking a major breakthrough for exports of fresh farm produce from the country, the Commerce and Industry Ministry said on Monday. The consignments were sent under the supervision of the Agricultural and Processed Food

Mumbai:  The Centre on Monday launched the ‘Mutual Credit Guarantee Scheme for MSMEs’, which was announced in the Union Budget 2024-25 to boost the micro, small, and medium enterprises. The scheme facilitates collateral-free loans to MSMEs by providing loans up to Rs 100 crore for the purchase of plant, machinery, or equipment. The scheme would

New Delhi:  Direct-to-consumer (D2C) brand The Ayurveda Co suffered a sharp rise in losses in FY24, as its net loss surged over three-fold to Rs 68 crore, up from Rs 21 crore in FY23. According to the company’s financials, the widened loss is primarily due to material costs, which more than doubled to Rs 28.6

Mumbai:  Finance Minister Nirmala Sitharaman on Monday said that Prime Minister Narendra Modi-led government’s “big shift in Budget-making” is ensuring a responsible approach to handling taxpayers’ money which is reflected in borrowings directed toward capital asset building. “If we borrow, we borrow to build,” she remarked. In her address at a post-budget conference with industry

Mumbai:  The share of the flex space segment has risen to a substantial 19.8 per cent in the annual office leasing numbers in India to cross 15 million square feet (sq ft) in 2024 , its best share so far, according to a JLL report released on Monday. It thus became the second-biggest occupier segment

Mumbai: The National Securities Depository Ltd (NSDL) on Monday reported a 30 per cent increase in its consolidated net profit at Rs 85.8 crore for the October-December quarter of the financial year 2024-25 (Q3 FY25). In the same period last year (Q3 FY24), the company posted a net profit of Rs 66.09 crore. The depository’s