Equity benchmark indices Sensex and Nifty ended higher on Wednesday as retail inflation eased to a nearly six-year low of 3.16 per cent in April, creating enough room for the RBI to go for another rate cut in the June
Wholesale price inflation dropped to 0.85 per cent in April as prices of food articles, manufactured products, and fuel eased, government data showed on Wednesday. Photograph: Eric Gaillard/Reuters WPI-based inflation was 2.05 per cent in March. It was 1.19 per
Drug major Cipla on Tuesday said its consolidated net profit increased 30 per cent to Rs 1,222 crore in the fourth quarter ended March 31, 2025. Photograph: Danish Siddiqui/Reuters The Mumbai-based drug firm had reported a consolidated net profit of
Siemens on Tuesday reported over 37 per cent decline in its net profit to Rs 408 crore in March quarter, compared to the same period year ago, mainly due to under-absorption of fixed costs and higher material costs in the
Stock markets tumbled on Tuesday with benchmark Sensex falling by 1,282 points due to profit-taking in IT and FMCG shares a day after a record rally. Photograph: Francis Mascarenhas/Reuters The 30-share BSE barometer tanked 1,281.68 points or 1.55 per cent
Marico reported consolidated revenue growth of 20 per cent year-on-year (Y-o-Y) during the January-March quarter (Q4) of FY25. Photograph: Kind courtesy, Marico Domestic revenue surged 23 per cent Y-o-Y, while volume growth was 7 per cent. International growth stood at
The income tax department has notified all seven income tax return forms for assessment year 2025-26. Illustration: Dominic Xavier/Rediff While ITR forms 1 and 4, which are filed by small and medium taxpayers, were notified on April 29; ITR-7, filed
US President Donald Trump’s plan to sign an executive order to cut prescription drug prices by 30-80 per cent could lead to a global price adjustment with pharma firms pushing lower-cost countries like India to raise prices, according to the
Benchmark stock indices Sensex and Nifty recorded their biggest single-day gains in absolute terms on Monday, skyrocketing nearly 4 per cent, after India and Pakistan reached an understanding to stop military actions and US and China announced a deal to
Defence stocks have been on a tear, with the Nifty India Defence index hitting all-time highs. Over the past week, the index jumped around 7 per cent, far outpacing the flat performance of the Nifty 50. Photograph: ANI Photo Over
