Tag Archives: Business news

Union Budget 2025: We propose the government to consider increasing capex in FY26 by 15 percent over 2024-25, says FICCI. (AI image) Budget 2025 expectations: Finance Minister Nirmala Sitharaman’s Union Budget 2025 should focus on maintaining a thrust on investments and implementing next generation reforms, according to FICCI. In its list of pre-Budget 2025 recommendations for FM Nirmala Sitharaman, FICCI …

Despite Trump’s complaints about India’s trade barriers, Garcetti said he expects the US and India to continue to draw closer. There’s “no question” India needs to cut its high tariffs in order to compete with more business-friendly rivals in Southeast Asia if it wants to win from Donald Trump’s looming trade war with China, the outgoing US ambassador to India …

The market value of Murthy family’s 4.02% stake in Infosys decreased to Rs 30,334 crore. Infosys share price today: India’s second largest IT services firm, Infosys’ shares fell by nearly 6% to Rs 1,812.70 on the BSE, causing a significant reduction of approximately Rs 1,900 crore in Narayana Murthy’s combined family net worth. The market value of Murthy family’s 4.02% …

Hindenburg’s investigations have resulted in substantial market value losses for several companies. Hindenburg shutdown: Nate Anderson, founder of Hindenburg Research, announced on Wednesday the shut down of his US investment firm, stating they have completed all ongoing projects.The firm’s investigations have resulted in substantial market value losses for several companies, notably including the Indian conglomerate Adani Group, which Hindenburg accused …

MUMBAI: Stocks of companies belonging to the Adani group rallied as much as 10% in Thursday’s market on the back of news that Hindenburg Research will close down. Nearly two-years to the day, the US-based short-seller had brought a massive crash in Adani group’s stocks after it published a 110-page report alleging several corporate malfeasances by the Ahmedabad-based business house, …

NEW DELHI: The Competition Commission has imposed a penalty of Rs 40 lakh on the investment manager of Goldman Sachs AIF for failing to notify the regulator about the more than four-year-old deal that gives the option to buy up to 3.81 per cent stake in Biocon Biologics. The penalty was levied on Goldman Sachs (India) Alternative Investment Management Pvt …

NEW DELHI: The Federation of Indian Chambers of Commerce and Industry (FICCI) has revised its GDP growth forecast for India to 6.4 per cent for the financial year 2024-25 marking a notable reduction from its September 2024 estimate of 7.0 per cent. GDP growth for the year 2023-2024 was recorded at 8.2 per cent.FICCI’s forecast for 2025According to FICCI’s latest …

8th Pay Commission news: Prime Minister Narendra Modi-led Union Cabinet on Thursday approved the constitution of the 8th Pay Commission, sources told TOI. I&B minister Ashwini Vaishnaw said that the Chairman and two members for the same will be appointed soon. The Pay Commission decides the salary and compensation of central government employees, and with the 8th Pay Commission, they …

Budget 2o25 will be presented by Finance Minister Nirmala Sitharaman on February 1. Railway Budget 2025: Indian Railways is expected to receive a 15-20% increase in capital expenditure allocation for FY26 in the forthcoming Union Budget, as it progresses towards utilising the current year’s funds. The total capital expenditure allocation for the national transporter could exceed Rs 3 lakh crore, …

Adani Group stocks rallied after the US investment firm Hindenburg Research announced its closure. Hindenburg shuts down: Adani Group shares experienced significant gains of up to 9% on Thursday, January 16, with Adani Power leading the surge at Rs 599.90 on BSE. Adani Green Energy saw an 8.8% increase to Rs 1,126.80, whilst Adani Enterprises advanced 7.7% to Rs 2,569.85. …