Business news

Indian corporates headed for better credit metrics in 2025-26: Fitch

The credit metrics of rated Indian corporates are expected to improve in the next financial year (April 2025-March 2026) driven by wider EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margins, despite high capex intensity, according to the latest Fitch report.

Jan 13, 2025

India set to redefine global trade at 6.4 pc CAGR over next decade: Report

India is poised to redefine its role in global trade, with a projected compound annual growth rate (CAGR) of 6.4 per cent in trade over the next decade, roughly in line with its high GDP growth, according to a report on Monday.

Jan 13, 2025

Sensex and Nifty plunge over 1 per cent amid mixed cues, realty shares drag

Indian stock market fell more than 1 per cent on Monday amid mixed global and local cues, including strong US employment data suggesting fewer rate cuts in 2025.

Jan 13, 2025

WeWork India clocks nearly Rs 131 crore loss in FY24, expenses up by 19 pc

Flexible co-working space provider WeWork India suffered a loss of about Rs 130.8 crore in FY24, down from Rs 144.5 crore in FY23.

Jan 13, 2025

IPO-bound seafood marketplace Captain Fresh posts Rs 229 crore loss in FY24

IPO-bound B2B seafood marketplace Captain Fresh suffered a massive loss of Rs 229 crore in FY24, over 340 per cent decline (or up 4.4 times) from Rs 52 crore in FY23.

Jan 13, 2025

2024 becomes year of Apple in India amid premiumisation, PLI push, retail expansion

Apple clocks Rs 1 lakh crore worth iPhone exports from India in 2024: Industry

Riding on the government's production-linked incentive (PLI) scheme and rising premiumisation trend, Apple has reached Rs 1 lakh crore in iPhone exports from India in the calendar year 2024.

Jan 13, 2025

Zomato, Swiggy hike platform fee to Rs 6 per order

Top industry associations slam Zomato, Swiggy over private label food delivery

The Federation of Hotel and Restaurant Associations of India (FHRAI) and the National Restaurant Association of India (NRAI) have reiterated serious concerns over online food aggregators Zomato and Swiggy's recent move to enter the private label food delivery business.

Jan 13, 2025

Indian fintech sector 3rd largest globally-funded ecosystem, raises $1.9 bn in 2024

The Indian fintech sector raised $1.9 billion in 2024, keeping its position as one of the top three globally-funded fintech ecosystems last year, behind the US and the UK, a report showed on Monday.

Jan 13, 2025

Share market crashes, Sensex tanks over 1,000 pts

Indian stock market opens lower, Nifty down to 23,300

The Indian stock market opened in red on Monday amid weak global cues as selling was seen in the realty, metal, FMCG, PSU bank and auto sectors.

Jan 13, 2025

Adani Group commits Rs 60,000 crore investment plan to enhance Chhattisgarh's power generation

The Adani Group has announced a planned investment of Rs 60,000 crore to expand the group's power plants in Raipur, Korba, and Raigarh in Chhattisgarh.

Jan 12, 2025

Market cap of top 50 APAC firms hits record $8.1 trillion in 2024, India third

Led by technology companies, the total market capitalisation of top 50 firms in the Asia-Pacific (APAC) region surged to $8.1 trillion in 2024, reflecting a 20.6 per cent year-on-year increase, according to a new report.

Jan 12, 2025

Sensex and Nifty down 1 pc in early trade amid heavy selling

Stock Market Closure: Week's trading ends far lower despite IT sector shining

India's domestic benchmark indices closed lower on Friday as the IT sector closed in the green after a gain of 3.44 per cent.

Jan 11, 2025

Zerodha's Nikhil Kamath now India's youngest billionaire at 37

Zerodha Co-Founder Nikhil Kamath: A Billionaire's Journey

Nikhil Kamath, co-founder of Zerodha, has a net worth of $3.1 billion and started his journey with a call centre job. Zerodha, co-founded with his brother, disrupted the Indian brokerage market with a discount model and now has over 10 million clients.

Jan 10, 2025

Sensex snaps five-day losing streak, Nifty closes above 24,300

Indian stock market opens flat, TCS stock up nearly 4% after strong result

The Indian stock market opened flat on Friday as buying was seen in the IT sector after strong Q3 results of Tata Consultancy Services (TCS), which saw its stock jumping 3.7 per cent at Rs 4,186 apiece in early trade.

Jan 10, 2025

Mastering Wealth Management in India for Financial Success

Wealth management in India provides personalised financial advisory services that address investments, taxation, estate planning, retirement planning, and business financial planning

Jan 10, 2025