Business

[ad_1] BENGALURU: FSN E-Commerce Ventures, which operates Nykaa, reported a 110% year-on-year increase in consolidated net profit to Rs 19 crore for the March quarter, with margin gains in its core beauty segment and improved performance from its eB2B and retail operations. Revenue rose 24% year-on-year to Rs 2,062 crore in the quarter ended March…

[ad_1] Forex Reserves (AI image) India’s foreign exchange reserves increased by $6.992 billion, reaching $692.721 billion for the week ended May 23, according to the RBI’s Friday announcement. The overall reserves had previously declined by $4.888 billion to $685.729 billion in the week ended May 16. The reserves had achieved their highest level of $704.885…

[ad_1] Donald Trump has always called China the ‘biggest abuser’ on tariffs. (AI image) US President Donald Trump claims he was a ‘Nice Guy’ with China – that he helped China out of a ‘devastating’ situation when the world’s second largest economy was in ‘grave economic danger’. But, China ‘violated’ its agreement with the US,…

[ad_1] The rupee gave up its early gains to close 7 paise lower at 85.55 against the US dollar on Friday, pressured by volatile domestic equity markets and a rebound in global crude oil prices. Caution prevailed among investors ahead of the upcoming GDP data release, forex traders said.The domestic currency opened at 85.35 and…

[ad_1] US stocks slipped in early trading Friday, giving back some of their recent gains as investors weighed a mixed batch of earnings reports, inflation data and ongoing uncertainty over the future of tariffs imposed under President Donald Trump.The S&P 500 fell 0.3% shortly after the opening bell, while the Dow Jones Industrial Average dropped…

[ad_1] US inflation gauge cools with little sign of tariff impact, so far (Photo: AP) A key US inflation gauge slowed last month as President Donald Trump’s tariffs have yet to noticeably push up prices, while American incomes jumped. Friday’s report from the Commerce Department showed that consumer prices rose just 2.1 per cent in…

[ad_1] India has agreed to exempt Saudi Arabia’s Public Investment Fund (PIF) from certain foreign portfolio investment (FPI) rules in a move aimed at attracting long-term capital and deepening financial engagement with the Gulf nation, two sources familiar with the matter said.The exemption comes amid ongoing efforts by both countries to strengthen economic ties, following…

[ad_1] The government has pegged the full fiscal year GDP growth at 6.5% provisionally. (AI image) India Q4 GDP data: The Indian economy grew at a better-than-expected rate of 7.4% in the fourth quarter of FY 2024-25. The government has pegged the full fiscal year GDP growth at 6.5% provisionally. While the economy has picked…

[ad_1] IndiGo has signed a Memorandum of Understanding (MoU) with Bangalore International Airport Ltd. (BIAL) to establish a dedicated Maintenance, Repair, and Operations (MRO) facility at Kempegowda International Airport, Bengaluru.Under the agreement, BIAL will allocate approximately 31 acres of land to IndiGo for the development of MRO infrastructure, which will support the airline’s growing fleet,…

[ad_1] Hindustan Unilever Ltd (HUL) Managing Director Rohit Jawa’s total remuneration rose by 3.75 per cent in FY25 to 23.23 crore, according to the company’s latest annual report.Jawa’s annual pay package included a salary of 3.65 crore, allowances of 11.45 crore, a bonus of 3.78 crore, and long-term incentive perquisites amounting to 2.76 crore, PTI…