Economy

Ahmedabad:  Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday reported a 14 per cent net profit jump in the October-December quarter this fiscal (FY25) at Rs 2,518 crore, from Rs 2,208 crore in the same period last fiscal (FY24). In the nine months of FY25, the flagship company of the Adani Group posted

New Delhi: US-based home appliances company Whirlpool Corporation on Thursday announced plans to reduce its ownership in its Indian subsidiary, Whirlpool of India Limited, to around 20 per cent by mid to late 2025. In the early trade, the shares of Whirlpool India dropped by 20 per cent to hit the lower circuit, trading at

Mumbai: Digital payments across India recorded a double-digit jump of 11.1 per cent year-on-year (YoY) as on September 2024, according to the Reserve Bank of India’s (RBI) index that measures the adoption of online transactions, according to a Central Bank statement. The RBI’s Digital Payments Index (RBI-DPI) for September 2024 stands at 465.33 up from

New Delhi:  As the US Federal Reserve paused the rate cut cycle, the Reserve Bank of India (RBI) has started with liquidity easing and the rationale for 25bps rate cut in February is compelling, industry watchers said on Thursday. The Fed held rates as was widely expected at 4.25 per cent-4.50 per cent, with Fed

Seoul: Acting President Choi Sang-mok called for staying vigilant and maintaining the enhanced market monitoring on Thursday amid growing uncertainties stemming from monetary and external economic policies by the Donald Trump administration. Choi made the remarks during a macroeconomic meeting meant to assess new policies by the US government and the Federal Reserve’s rate-setting meeting

Mumbai: The domestic benchmark indices opened flat on Thursday as the US Federal Reserve meeting voted unanimously to pause the rate cut cycle, which started last September and has delivered 100 bps of cut to date. The Sensex was marginally up 49 points or 0.065 per cent at 76,582.44, and the Nifty was up 43

New Delhi:  The government has approved the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME) that would facilitate loans up to Rs 100 crore for purchase of plant and machinery/equipment for eligible firms. The scheme would provide 60 per cent guarantee coverage by National Credit Guarantee Trustee Company Limited (NCGTC) to member lending institutions (MLIs) for

New Delhi: Although the growth in India’s two-wheeler industry has moderated in recent months, it is still expected to grow in high-single digits in FY26, according to an HSBC Global Research report released on Wednesday. The past 10-year CAGR (compound annual growth rate) for the industry is still less than 3 per cent and lower

New Delhi: India’s goal of becoming a $5 trillion economy calls for policies that promote sustainable and inclusive growth and the Union Budget 2025-26 can act as a catalyst for growth while ensuring equity and efficiency in the economy, a pre-budget survey showed on Wednesday. As India prepares for the Budget, the economic outlook remains

Mumbai: Tata Motors on Wednesday reported a 22 per cent decline in its net profit for the third quarter (Q3) of FY25 at Rs 5,451 crore, down from Rs 7,025 crore in the same period last fiscal. The drop in earnings was primarily due to higher discounts offered to boost sales and weaker margins, despite