India will not provide any duty concessions on British wines and is offering only limited import duty benefits on UK beer under the free trade agreement (FTA) between the two countries, announced on May 6, according to an official. Photograph:
Foreign investors continue to show confidence in the country’s equity market, infusing Rs 14,167 crore so far this month, largely driven by favourable global cues and robust domestic fundamentals. Illustration: Uttam Ghosh/Rediff Notably, this inflow has come despite the ongoing
State Bank of India, Punjab National Bank and several other lenders on Friday said their ATMs are fully functional, well-stocked, and that digital services are operating smoothly. Photograph: Mohammed Ameen/Reuters The announcements came against the backdrop of reports on social
The domestic stock market this week would monitor the geopolitical developments after India and Pakistan reached an understanding to stop military actions, analysts said. Illustration: Uttam Ghosh/Rediff Moreover, macroeconomic data announcements, Q4 earnings, trading activity of foreign investors and global
Billionaires Mukesh Ambani and Gautam Adani have pledged their support to the Indian armed forces, who are currently repelling intense shelling, gunfire, and drone attacks from Pakistan. Photograph: ANI Photo “We are very proud of our Indian Armed Forces for
Stock market benchmark indices Sensex and Nifty tumbled over 1 per cent each on Friday as tensions soared between India and Pakistan, fuelling fears of a wider conflict. Photograph: ANI Photo Extending its previous day’s decline, the 30-share BSE benchmark
Food delivery aggregator Swiggy saw its loss widen for the fourth quarter (January-March) of financial year 2024-25 (Q4FY25). Photograph: Framcis Mascarenhas The firm reported a consolidated loss of Rs 1,081.1 crore for the quarter, compared to a loss of Rs
India’s forex reserves dropped Rs 2.06 billion to Rs 686.06 billion for the week ended May 2, the RBI said on Friday. Illustration: Dado Ruvic/Reuters In the previous reporting week, the overall kitty had increased Rs 1.98 billion to Rs
Indian Oil Corporation (IOC), the nation’s largest oil firm, on Friday said ample stocks of petrol, diesel and cooking gas LPG are available in the country and there is no need for panic buying of fuel. Photograph: Francis Mascarenhas/Reuters The
Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January–March quarter of 2024-25, owing to higher revenues and an exceptional gain. Photograph: Shailesh
