Union minister for railways, information & broadcasting, and electronics & IT Ashwini Vaishnaw NEW DELHI: India’s mobile phone manufacturing sector has generated Rs 25,000 crore in direct tax collections, exceeding the Rs 19,000 crore paid out by the government as incentives under its production-linked incentive (PLI) scheme.Union minister for electronics and information technology Ashwini Vaishnaw…
Oil prices continue to inch higher Oil prices edged higher again on Wednesday, with Brent crude crossing $115 a barrel after declining in previous sessions. The rebound came after Yemen’s Iran-aligned Houthi group claimed a missile strike on Saudi Arabia’s largest oil refinery, reviving concerns over oil supplies from the Middle East amid the ongoing…
File photo: Larsen & Toubro NEW DELHI: Engineering major Larsen & Toubro (L&T) on Tuesday reported a 32.5% rise in net profit to Rs 5,202 crore for the quarter ended Sept 2026, driven by higher revenue.The company had posted a profit of Rs 3,926 crore in the year-ago period. L&T achieved consolidated revenue of Rs…
Dalal Street’a movement will be guided by elevated crude oil prices, global market cues and the US Federal Reserve’s policy commentary, with investors also tracking Jio Platforms’ much-anticipated stock market debut. Earlier on Tuesday, benchmark indices ended nearly flat, as gains in broader market segments contrasted with weakness in banking, financial and IT shares. Rupee…
File photo: Reliance Industries to announce Q2 results on October 30, consider fundraise through debentures MUMBAI: Reliance Industries on Tuesday said its board will meet on October 30 to consider a fund-raise programme through the issuance of listed redeemable non-convertible debentures. On Friday, the company is scheduled to review and approve its financial results for…
Government has identified around 120 products for a domestic manufacturing push to cut import dependence (AI-generated image) NEW DELHI: Government has identified around 120 products, including intermediates and capital goods, for domestic manufacturing push and to reduce dependence on imports, with a separate plan for tunnel boring machines in the works after China imposed restrictions…
File photo: Noel Tata and N Chandrasekaran MUMBAI: Tata Trusts chairman Noel Tata on Monday challenged the resolution to reappoint N Chandrasekaran as the chairman of Tata Sons, which was passed at the Sept 17 board meeting of the holding company of the country’s largest conglomerate.Noel Tata wrote to Tata Sons’ company secretary Suprakash Mukhopadhyay…
BENGALURU: Blackstone has launched a global capability centre (GCC) in Bengaluru, its first outside the US, underscoring India’s growing importance to the investment firm’s global operations. The move comes as the firm looks to double its India investments to $100 billion over the next five years from about $51 billion to date.Blackstone vice-chairman and CFO…
File photo: Logo of Hyundai Motor India Limited is seen on a parked car in the company’s stockyard NEW DELHI: Hyundai Motor India is widening its SUV offering beyond Creta as competition intensifies, targeting combined annual sales of 2.5 lakh units from its bestselling model and the newly-launched Bayon from 2027.Hyundai Motor India MD Tarun…
File photo: SBI chairman CS Setty during a press conference in Mumbai MUMBAI: State Bank of India expects interest rates to rise by 50 basis points in Dec, with chairman C S Setty saying higher rates could affect discretionary consumption credit demand but were unlikely to significantly dent overall credit growth given a 7.1% growth…
