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
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
