File photo: Reliance Industries to announce Q2 results on October 30, consider fundraise through debentures MUMBAI: Reliance Industries on Tuesday said its board will meet on October 30 to consider a fund-raise programme through the issuance of listed redeemable non-convertible debentures. On Friday, the company is scheduled to review and approve its financial results for…
Government has identified around 120 products for a domestic manufacturing push to cut import dependence (AI-generated image) NEW DELHI: Government has identified around 120 products, including intermediates and capital goods, for domestic manufacturing push and to reduce dependence on imports, with a separate plan for tunnel boring machines in the works after China imposed restrictions…
File photo: Reserve Bank of India MUMBAI: India would already have been an 8% growth economy if it had not been grappling with an exceptionally difficult global environment, Reserve Bank of India (RBI) deputy governor Poonam Gupta said, arguing that improvements in digital infrastructure, public services, manufacturing and governance have strengthened the economy’s capacity to…
File photo: Noel Tata and N Chandrasekaran MUMBAI: Tata Trusts chairman Noel Tata on Monday challenged the resolution to reappoint N Chandrasekaran as the chairman of Tata Sons, which was passed at the Sept 17 board meeting of the holding company of the country’s largest conglomerate.Noel Tata wrote to Tata Sons’ company secretary Suprakash Mukhopadhyay…
BENGALURU: Blackstone has launched a global capability centre (GCC) in Bengaluru, its first outside the US, underscoring India’s growing importance to the investment firm’s global operations. The move comes as the firm looks to double its India investments to $100 billion over the next five years from about $51 billion to date.Blackstone vice-chairman and CFO…
File photo: Logo of Hyundai Motor India Limited is seen on a parked car in the company’s stockyard NEW DELHI: Hyundai Motor India is widening its SUV offering beyond Creta as competition intensifies, targeting combined annual sales of 2.5 lakh units from its bestselling model and the newly-launched Bayon from 2027.Hyundai Motor India MD Tarun…
File photo: SBI chairman CS Setty during a press conference in Mumbai MUMBAI: State Bank of India expects interest rates to rise by 50 basis points in Dec, with chairman C S Setty saying higher rates could affect discretionary consumption credit demand but were unlikely to significantly dent overall credit growth given a 7.1% growth…
File photo: Foreign direct investment NEW DELHI: Foreign direct investment has made a strong comeback with inflows rising 67.7% to $11 billion in Aug, while net inflows – after factoring in outward FDI and remittances – were pegged at $3.3 billion as against net outflows of $103 million in Aug 2025.Based on the current trend…
NEW DELHI: One 97 Communications, the parent company that operates the brand Paytm, reported an over 10-fold rise in profit after tax to Rs 225 crore in the Sept quarter (Q2 FY27), from Rs 21 crore a year ago, on a reported basis, marking its sixth consecutive profitable quarter. Operating revenue rose 28% YoY to…
“This Trade Facilitation Portal is a landmark initiative,” said Piyush Goyal The India-US Trade Facilitation Portal has attracted around 3,500 registrations within months of its launch, commerce and industry minister Piyush Goyal said, highlighting its role in helping Indian exporters, particularly MSMEs and first-time exporters, connect with American buyers.In a post on X, Goyal described…
