Business

[ad_1] This is an AI-generated image, used for representational purposes only. NEW DELHI: Private capital expenditure (capex) in India remained weak in the fourth quarter of FY25, even as overall project announcements surged, according to a report by Avendus Spark. While new project announcements across the public and private sectors rose by 22.7 per cent…

[ad_1] CHENNAI: Public sector Indian Overseas Bank (IOB) on Friday reported a 30% growth in netprofit at Rs 1,051 crore in the quarter ended Mar 31, 2025, against Rs 808 crore in the corresponding quarter last year. It is the first time that the Chennai-headquartered bank crossed the Rs 1,000-crore mark in net profit during…

[ad_1] US stocks rose on Friday, putting the S& Index on track for logging the longest winning streak in more than 20 years and making a full recovery from April tariff turbulence as strong jobs data and progress on international trade talks boosted investors’ confidence. The S& rose 1.5% as of 12:30pm in New York….

[ad_1] NEW DELHI: While sounding upbeat about the economy, finance secretary Ajay Seth on Friday underlined the need to ensure fiscal consolidation and remain agile to deal with challenges facing the economy.“India can’t remain fixated. We have to be adept and agile, and as things are evolving, we cannot take things for granted. India is…

[ad_1] NEW DELHI: After LNG, govt is exploring the possibility of increasing fertiliser imports from the US as it seeks to address US President Donald Trump‘s concerns over the trade balance being in India’s favour.The move will also help India reduce its dependence on countries, such as China and Russia, which are among the top…

[ad_1] THIRUVANANTHAPURAM: The flagship of the Adani Group, Adani Ports & SEZ, is transforming into a transport utility player, with a presence in every aspect of the business and not limited to the traditional ports segment, said managing director Karan Adani.“We don’t want to be limited to just being a port player. Our focus is…

[ad_1] Govt has appointed PoonamGupta as deputy governor of RBIfor a three-year term beginning May 2. She fills the vacancy left after Michael Patra retired on Jan 15. Her entry has prompted a reallocation of portfolios among RBI’s senior leadership.Gupta will takecharge of several key departments, including monetary policy, financial markets operations, economic and policy…

[ad_1] NEW DELHI: India will be the primary manufacturing country for supplying iPhones to the US beginning June quarter as Apple, the world’s biggest electronics seller, rejigs global sourcing locations to factor in the Trump administration’s reciprocal tariffs plans, especially on its biggest production hub China, CEO Tim Cook said on Friday.The move will see…

[ad_1] The National Stock Exchange (NSE) launched the Nifty Waves Index on Friday, which includes 43 listed companies from the media, entertainment, and gaming industries. The new index aims to provide comprehensive insights into the performance of one of India’s most dynamic sectors.The Indian media and entertainment industry, encompassing film, television, digital platforms, music, and…

[ad_1] India is exploring options to ramp up fertiliser imports from the United States as part of a broader strategy to diversify sourcing, reduce reliance on countries like China, and help narrow the growing trade imbalance with Washington, a government official told news agency PTI.India’s fertiliser imports declined by 7.16 per cent in 2024-25 to…