NEW DELHI: Maruti Suzuki has decided to go slow on land acquisition for a planned Rs 35,000-crore second factory in Gujarat due to poor growth in car sales. This factory was aimed at taking the company’s production capacity to four million (40 lakh) units by 2030-31.When asked whether the company has gone slow on the…
NEW DELHI: It may be ‘Advantage India’ for iPhone manufacturing post the US-China tariff war, but Apple does not have any plans to shift production of MacBooks and iPads to India in near future.This is due to the small size of domestic consumption and complexities in setting up supply chain ecosystem, sources have said.However, in…
MUMBAI: India is poised to contribute significantly to global steel demand, commerce and industry minister Piyush Goyal said on Friday, while emphasising that govt has been able to protect the domestic steel industry from unfair dumping and irrationally low pricing.Speaking on sidelines of the Steel India event here, hosted by ministry of steel and industry…
MUMBAI: India-Pakistan border tensions spooked Dalal Street investors on Friday, with the sensex closing 589 points down at 79,213 points, while Nifty on the NSE lost 207 points to 24,039 points. Some profit-taking after a seven-session gain that added about 8.5% to each of the indices also led to the slide in the indices, market…
NEW DELHI: Gross direct tax collections rose 15.6% to top Rs 27 lakh crore during the last fiscal year, while refunds went up 26% to an all-time high of a little under Rs 4.8 lakh crore, provisional data released by the finance ministry showed.The provisional net direct tax collection, which was up 13.6% to just…
NEW DELHI: Bharti Airtel‘s about Rs 41,000-crore of adjusted gross revenue (AGR) dues will not be converted into equity automatically as the telco’s application for such conversion will go through a scrutiny at the Department of Telecom (DoT), an official source said on Friday.Bharti Airtel has sought conversion of its AGR dues of around Rs…
HYDERABAD: India’s mid-market GCCs (global capability centres) are experiencing a surge, outshining their peers by unlocking new opportunities. This growth is creating a flywheel effect, allowing them to leverage a diverse talent pool. India has over 480 mid-market GCCs, with 2.1 lakh employees, as shown in a Nasscom-Zinnov report. Mid-market GCCs are capability centres set…
BENGALURU: The $500 million Infosys Innovation Fund invested in Bengaluru-based VC fund Yali Capital to expand its reach in India’s burgeoning deep tech ecosystem to cocreate solutions for its customers. “Our objective is to bring the power of the Infosys ecosystem and the innovation ecosystem together; to drive insights that feed into our strategic direction,…
India’s economy is expected to grow at a slower pace in the current fiscal year, weighed down by subdued private sector investment and uncertainty surrounding American tariffs, according to a Reuters survey of economists.The fifth-largest economy in the world is projected to expand at an average rate of 6.3 per cent in FY2024 -25, based…
Hindustan Zinc Ltd (HZL), a Vedanta group firm, reported a sharp 47.3% rise in its consolidated net profit for the March 2025 quarter, reaching Rs 3,003 crore, driven by higher income and steady operational performance.This marks the company’s best-ever fourth-quarter profit, up from Rs 2,038 crore in the same period last year.The company’s income for…
