Tag Archives: Business news

HYDERABAD: Despite posting record revenues, pharma major Dr Reddy’s Laboratories on Thursday reported a marginal 2% increase in consolidated profit after tax (PAT attributable to equity holders) at Rs 1414.3 crore as compared to Rs 1,379 crore in the corresponding quarter of last fiscal year.The company posted a 16% jump in revenues at nearly Rs 8,359 crore for Q3FY25 as …

Budget 2025 labour code: Several implementation options are under consideration, including a three-phase deployment. Budget 2025 expectations: Finance Minister Nirmala Sitharaman in her Union Budget 2025 speech may outline a strategy in the forthcoming budget for a gradual implementation of labour codes beginning next fiscal year, prioritising larger establishments.Official sources informed ET that several implementation options are under consideration, including …

Data from the India Bullion and Jewellers Association (IBJA) showed 24-carat gold closed at Rs 80,194 per 10 gms. (AI image) Gold prices surpassed Rs 80,000/10 gm for the first time on Wednesday, according to data from a leading industry organisation, reflecting increased safe-haven demand from investors concerned about potential market volatility following an anticipated disruptive Donald Trump presidency. The …

Budget 2025 income tax expectations: Recently, some significant changes in the new income tax regime. By Parizad SirwallaBudget 2025 income tax expectations: While the Union Budget 2025 is anticipated to provide further impetus on simplifications of existing tax provisions, there are heightened expectations for economic reforms aimed at reviving the declining consumption in response to the ever-rising cost of living …

Analysts suggest that talks of the US considering lower tariffs on China may provide temporary relief for markets, but underlying concerns persist. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Thursday. While BSE Sensex was below 76,300, Nifty50 was near 23,100. At 9:16 AM, BSE Sensex was trading at 76,271.04, down …

Emkay Global Financial Services has maintained its ‘buy’ rating on Hindustan Unilever with a target price of Rs 2,675 (+14%). Despite a sub-par financial performance and muted near-term demand outlook, analysts maintained their positive stance on HUL since they feel in the medium term, the company’s enhanced execution could absorb the impact of macro stress.Elara Securities India has maintained its …

MUMBAI: Macrotech Developers, the city-based real estate major that operates under the brand names ‘Lodha’ and ‘Lodha Group’ on Wednesday told the exchanges that they have filed a lawsuit against House of Abhinandan Lodha mainly to protect their brand names that were built over 40 years. Macrotech’s clarification to the bourses mentioned that House of Abhinandan Lodha (HoABL) was operating …

Water purifier maker Kent R O Systems filed draft papers for an IPO on Wednesday.The firm’s founder and chairman, Mahesh Gupta, along with other family members, will collectively sell 10.1 million shares, or a 10% stake out of their 99.8% interest in the company, according to the draft papers. Kent will not issue new shares in the IPO. The firm, …

NEW DELHI: Essar Renewables Ltd (ERL) has signed an MoU with the Maharashtra government envisaging an investment of Rs 8,000 crore in a mix of projects in the state, including developing 2 GW (gigawatts) of renewable energy capacity for its green mobility initiative.The MoU was signed at the WEF (World Economic Forum) in Davos, Switzerland, the company said in a …

NEW DELHI: Air India has rolled out an Artificial Intelligence (AI)-driven feature eZ Booking whereby customers can complete their reservation on its website in fewer steps than currently available by just texting or talking to the AI Agent his detailed travel itinerary.Currently available exclusively for members of Maharaja Club, Air India’s loyalty programme, the innovation “helps customers book their ticket …