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
Inflow in equity mutual funds dipped 3.24 per cent to Rs 24,269 crore in April amid continued market volatility against the backdrop of escalating tensions between India and Pakistan following the Pahalgam terrorist attack. Illustration: Dominic Xavier/Rediff This was the
Jio Credit, formerly known as Jio Finance, is stepping into the domestic capital market next week with its maiden bond issue. Illustration: Dominic Xavier/Rediff The subsidiary of Jio Financial Services plans to raise up to Rs 1,000 crore by selling
The volume growth of India’s FMCG industry has slowed down in the March quarter to 5.1 per cent, driven by increased consumer purchases of small-value packs, according to the latest report from data analytics firm NielsenIQ. Photograph: Pawan Kumar/Reuters Volume
A team of senior officials from India will again visit Washington this month to hold discussions with their US counterparts on the proposed bilateral trade agreement (BTA), government sources said on Thursday. Illustration: Dado Ruvic/Reuters To give impetus to the
Benchmark Sensex declined by nearly 412 points in a volatile session on Thursday due to selling in banking, FMCG and auto shares triggered by escalating tensions between India and Pakistan. Photograph: Shailesh Andrade/Reuters The 30-share Sensex declined by 411.97 points
S&P Global Ratings on Thursday said the hostilities between India and Pakistan heighten risks to the credit metrics of both countries, and any escalation in clashes would put downward pressure on sovereign credit support. Photograph: Sharafat Ali/Reuters S&P, which rates
Average housing prices across Mumbai Metropolitan Region (MMR), Delhi-NCR, Chennai and Pune remained stable during the January-March period compared to the previous quarter while rates appreciated 4-5 per cent in the other four major cities, according to PropTiger. Illustration: Dominic
The government has issued Letter of Intent to Starlink for satcom services, sources said on Wednesday. Illustration: Dado Ruvic/Reuters Starlink is a satellite internet service developed by SpaceX — the American aerospace manufacturer and space transportation company founded in 2002
India, the world’s third largest oil importing and consuming nation, is likely to save as much as Rs 1.8 lakh crore on import of crude oil and LNG if the trend of softening international energy rates continues, Icra said Wednesday.
