Economy

New Delhi: Reflecting strong revenue visibility, Crisil Ratings has revised its outlook for long-term bank facilities and non-convertible debentures of Adani Green Restricted Group 1 (RG) to “positive” and reaffirmed the rating at ‘Crisil AA+’. ‘AGEL RG1’ comprises three special purpose vehicles (SPVs) — namely Adani Green Energy UP Ltd, Prayatna Developers Private Limited and

Mumbai:  Leading tyre manufacturer MRF on Thursday reported a 38 per cent decline in net profit for the December quarter (Q3 FY25), as the firm’s net profit stood at Rs 315 crore, compared to Rs 510 crore in the same period last year (Q3 FY24). MRF’s earnings before interest, tax, depreciation, and amortisation (EBITDA) also

Mumbai: The Indian corporate healthcare sector is likely to deliver around 15 per cent growth (year-on-year) in sales over FY25-FY26, primarily led by growth in average revenue per occupied bed (ARPOB) and new bed additions, according to a report on Thursday. India Ratings and Research (Ind-Ra) maintained a neutral outlook for the corporate healthcare sector

New Delhi:  Car sales in India surged by a robust 15.53 per cent to 4,65,920 in January this year compared to 2,93,465 units in the same month last year, according to data released by the Federation of Automobile Dealers Associations (FADA) on Thursday. Sequentially, month-on-month car sales were up 58.77 per cent. “PV (passenger-vehicle) sales

New Delhi: While a 25bps rate cut in the upcoming RBI MPC policy is less of a market debate, the actions around “what beyond a cut” will be more watched, a report said on Thursday. Easing by stealth via unconventional policy tools like liquidity and regulatory measures will continue. The RBI may also want to

Seoul: The finance ministry plans to block access to the Chinese artificial intelligence (AI) service DeepSeek, a ministry official said on Thursday, in the latest of Seoul’s restrictions on the use of the service among officials amid data collection concerns. “Due to multiple technical concerns raised about DeepSeek from home and abroad, we plan to

Mumbai:  The stock market was trading almost flat early on Thursday, as investors wait for the outcome of the RBI’s monetary policy committee (MPC) meeting, which is slated for Friday. At 9.36 a.m., the Sensex was at 78,164.89, down 106.39 points or 0.14 per cent and the Nifty was down 34 points or 0.15 per

New Delhi:  The Reserve Bank of India (RBI), in all likelihood, is set to cut the repo rate by 25 basis points for the first time in almost five years, aligning with the Budget’s objectives of stimulating economic activity while managing a prudent fiscal position, which provides comfort on currency and inflation fronts, industry experts

New Delhi: Zomato’s rival Swiggy on Wednesday reported a Rs 799.08 crore net loss in the October-December period (Q3 FY25), as compared to a loss of Rs 625.53 crore in the previous quarter. On an annual basis, Swiggy’s net loss widened 39 per cent, from a net loss of Rs 574 crore in the year-ago

New Delhi: The Finance Ministry has asked its employees not to use artificial intelligence (AI) tools like ChatGPT and DeepSeek for official work. The advisory, issued recently, warns that these tools could pose risks to confidential government data and documents. “It has been determined that AI tools and AI apps (such as ChatGPT and DeepSeek