Tag Archives: Business news

As the finance ministry gears up for upcoming Union budget 2025, speculations are under way for announcements that could strengthen India’s financial growth, reforming insurance sector, taxation system and healthcare landscape. A recent report by the State Bank of India (SBI) suggested that the government should consider increasing the budget allocated for healthcare by 5 per cent of GDP, along …

NEW DELHI: Adani Group has denied the reports of cancellation of power purchase deal with Sri Lanka and called it “false and misleading”. It categorically mentioned that the projects were still on amid US indictment. “Reports that Adani’s 484 MW wind power projects in Mannar and Pooneryn have been cancelled are false and misleading. We categorically state that the project …

Tata Sons has approached the fair trade regulator CCI for permission to acquire an additional 10% stake in Tata Play from Singapore’s sovereign wealth fund Temasek. Currently, Tata Sons holds a 60% stake in the DTH operator. Source link

NEW DELHI: Union minister Ashwini Vaishnaw has said that the world is looking at India as a global production hub and as a destination for the co-creation of technology, developing new applications and for domestic demand.Vaishnaw, who is part of a delegation of Union ministers and state chief ministers at Davos, to pitch India as an attractive investment and business …

BENGALURU: LTIMindtree has named its former president, Venugopal (Venu) Lambu, as its new CEO for five years. Operating from London, Lambu represents a rare instance of a senior executive returning to assume the CEO position at his former company. He has joined the board of directors at LTIMindtree. A three-decade IT veteran, Lambu was chosen over other internal candidates as …

MUMBAI: Patanjali has recalled four tonnes of 200 gram red chilli powder packs following a directive from the Food Safety and Standards Authority of India which found the product packs to be in non-conformance with FSSAI regulations. The product samples when tested were found not conforming to the maximum permitted limit of pesticides residue, the company said on Friday.The company …

NEW DELHI: You won’t have to worry about overindulging with this one! Low-alcohol and no-alcohol beers are steadily gaining traction as Gen Z and millennial consumers, along with a growing focus on health, drive a dramatic shift in the beer market.While the numbers remain small, with only a few companies currently leading the charge, industry watchers say the category is …

NEW DELHI: The weaker rupee has led to IndiGo reporting 18% decline in its Q3 profit to Rs 2,449 crore from Rs 2,998 crore in Oct-Dec 2023. This is despite a 14.6% increase in total income from Rs 20,062 crore in Q3 FY24 to Rs 22,993 crore in the same period this fiscal and benign fuel prices. A majority of …

MUMBAI: As businesses increasingly navigate a volatile world, access to data and information backed by technology has become key to protecting their turf and winning customers. For legacy organisations, the stakes are higher – they need to pitch their brands to young, tech-savvy consumers alongside fending off competition in a market where a spate of digital native brands are reaching …

MUMBAI: Tata Electronics has acquired a 60% stake in Taiwanese contract manufacturer Pegatron‘s India unit that operates an iPhone plant in Tamil Nadu. This follows Tatas’ earlier acquisition of Wistron’s India operations in Karnataka in March 2024.The financial details of the stake acquisition remain undisclosed. This transaction positions Tata Electronics as a major Apple supplier alongside Foxconn, another Taiwanese manufacturer. …