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CCI probe finds Zomato, Swiggy breached antitrust laws, documents show

The Competition Commission of India (CCI) investigation finds Zomato and Swiggy breached competition laws with exclusive deals favoring restaurant chains




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Tatas will choose Singapore as key partner for semiconductor play: Singapore Minister Shanmugam 

Tata Sons to partner with Singapore in semiconductor industry, showcasing Singapore’s significance in global semiconductor production




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Rupee falls 5 paise to hit new all-time low of 84.37 against U.S. dollar

Forex traders said the U.S. Federal Reserve's recent decision to cut interest rates signals a shift in the global financial landscape




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Ashok Leyland standalone Q2 net up 37% to ₹770 cr.




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MRF consolidated Q2 net skids 20% to ₹471 cr. on input cost hike




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SBI Q2 net profit surges 28% to ₹18,331 crore




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LIC Q2 net slides 4% to ₹7,621 cr on an 11% rise in premium income to ₹1.20 lakh crore 




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Jet Airways stock falls 5%, SBI to stay away from funding airlines




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India Cements standalone Q2 net loss widens to ₹240 cr.




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Haldiram Bhujiawala raises ₹235 cr from Pantomath’s Bharat Value Fund

India’s snacks market, which is worth ₹ 42,600 crore in FY24, is expected to reach around ₹95,500 crore by FY32, registering a CAGR of 11%




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Sundaram Home Finance forays into Chhattisgarh, aims to disburse ₹50 cr.




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‘Domestic savers to offset foreign investor exodus’: experts

Foreign portfolio investors may have rushed to the exit door in record numbers this October, but experts expect domestic investors and pension funds to offset their plays over the medium term




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FM asks RRBs to develop suitable products aligning with MSME clusters

Increase disbursements in ground-level agriculture, focus on asset quality, boost digital and mobile banking service to further enhance financial inclusion: FM to PSU banks, RRBs




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Aurobindo Pharma Q2 net rises 8.6% year-on-year to ₹816.9 crore, declines 11% sequentially on higher revenue




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‘Truck rentals ease in October post festive season’




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Divi’s Labs Q2 net surges 46% to ₹510 cr. 




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KIMS Hospital Q2 net increases 20% to ₹121 cr. 




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Chola Finance consolidated Q2 net rises 27% to ₹1,125 crore




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Shriram Life Insurance H1 net profit contracts to ₹50 cr.




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India's coal import rises 8% to 140.60 MT in April-September

Coal import demand is likely to remain modest due to the healthy stock position and high volumes being offered through spot e-auctions in the domestic market, mjunction MD and CEO Vinaya Varma said




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Russian oil finds its way to Europe via India; India now biggest exporter of fuel to EU

India has become the second biggest buyer of Russian crude oil since the invasion, with purchases rising from less than 1% of the total oil imported in the pre-Ukraine war period to almost 40% of the country's total oil purchases




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Rupee falls 1 paisa to all-time low of 84.38 against U.S. dollar in early trade

Forex traders said the rupee is likely to remain under pressure unless there is a softening in the dollar index or a slowdown in foreign fund outflows




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CCI probe: Zomato, Swiggy say committed to complying with competition law

Zomato and Swiggy termed news reports on the Competition Commission of India's (CCI) investigation "misleading", maintaining that the CCI is yet to pass its final order on the matter of unfair business practices, including alleged preferential treatment to some restaurant partners




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Vistara to make last flight today before Air India merger

Vistara, a joint venture between Tata Group and Singapore Airlines, will fully merge with Air India, also owned by Tata Group




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As its industry struggles, Germany services sector offers untapped growth potential




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Investors see safety in India as Trump win casts shadow on emerging markets




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What you need to know about China's $1.4 trillion debt package




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Rupee falls 2 paise to hit new all-time low of 84.39 against U.S. dollar

The rupee hits new lifetime low of 84.39 against USD, weighed down by foreign fund outflows and equities




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Bank of India Q2 net profit rises 63% to ₹2,374 cr.




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Hindalco Q2 net profit surges 78% to ₹3,909 crore




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RPL stock case: SC dismisses SEBI's appeal against SAT order giving relief to Mukesh Ambani




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ONGC net profit rose 17% in Q2 to ₹11,984 crore as revenue fell 3% to ₹33,881 crore




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India’s retail equity investment cult rises to a new high amid record FPI outflows




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NMDC gets Board nod for 2:1 bonus issue, posts 23% yoy increase in Q2 net to ₹1,269 cr




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Karur Vysya Bank hopes to continue growth momentum in H2




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Ramco Cements Q2 standalone net skids to ₹26 cr. on weak demand




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Black Box Q2 PAT rises 60% to ₹51 crore




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Norton Motorcycles announces top level changes




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Carl Zeiss AG sets up maiden GCC in India; to scale up people front to 5,000 by 2027




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RBI announces rules to reclassify FPI investment as FDI once it crosses 10% holding in Indian firms

Investment made by foreign portfolio investor along with its investor group (hereinafter referred to as ‘FPI’) shall be less than 10% of the total paid-up equity capital on a fully diluted basis




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Rupee falls 2 paise to all-time low of 84.40 against U.S. dollar in early trade

Forex traders said the rupee is expected to trade between 83.80 and 84.50 in the medium term with the Reserve Bank of India likely limiting any significant downside




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Carl Zeiss to help 1,00,000 persons with nearsightedness in rural Karnataka

The German company inaugurated its maiden Global Capability Centre (GCC) in India in Bengaluru




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Nirmala Sitharaman to meet State FMs for pre-Budget, GST Council meet on Dec 21-22

The meeting assumes significance as State Finance Ministers will present their recommendations for the 2025-26 Budget to be unveiled on February 1, 2025




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Bitcoin has topped $87,000 for a new record high. What to know about crypto’s post-election rally

As money continues to pour into crypto following Donald Trump’s election victory, bitcoin has climbed to yet another record high




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Sensex falls over 1% on selling pressure led by banking, auto stocks

Nifty plunges to 4.5 months low




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Rupee slips 1 paisa to close at fresh all-time low of 84.39 against U.S. dollar

A SBI research report on November 11, 2024 said that the rupee may depreciate 8-10% against the US dollar during the Trump 2.0 regime.




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Market investors become poorer by ₹5.29 lakh crore amid massive correction in stocks

The BSE benchmark gauge tumbled 820.97 points or 1.03% to settle at 78,675.18




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Twin-monsoon failures of 2012 have left plantation sector numb




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All's well in equatorial Pacific?

US and Australian lead forecasters believe they are able to see beyond the 'spring barrier' to conclude that the equatorial Pacific will stay 'neutral'during the Northern Hemisphere summer 2013.




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Late-winter snowstorm in Northwest Europe

The Arctic cold wave has made a late-winter dip towards far south of the normal to trigger the latest snowstorm across Northwest Europe, which is on a roll even as one is about to post this blog . This is akin to early-February freaky weather brought about by southward-dipping western disturbances (which are eastward-perturbations of the cold waves striking Northwest and South Europe)over Central and adjoining Peninsular India.