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…
Nomura sees a stronger Indian rupee by December 2025 on the back of a weaker dollar index and strong inflows. According to Nomura, Indian Rupee will grow stronger against the US Dollar by the end of this year, owing to the current uncertainties in the global economy. Nomura is expecting the Indian Rupee to be…
Top 10 Largest Economies In The World 2025: What are the 10 largest economies in the world? Did you know that India, which currently stands at the 5th position, will soon become the world’s 3rd largest economy by overtaking Germany and Japan? India is the world’s fastest growing major economy and its nominal GDP has…
NEW DELHI: Reliance Retail Venture Ltd (RRVL), the retail division of Reliance Industries on Friday reported a 29.1% rise in net profit to Rs 3,545 crore for the March quarter of FY25. The company’s gross revenue also increased by 15.65%, reaching Rs 88,620 crore.For the financial year ending March 2025, the gross revenue increased by…
