Business news

J&K Bank receives SEBI warning for breaching disclosure regulations [details]

Jammu and Kashmir Bank received an administrative warning from SEBI for non-compliance with disclosure regulations. SEBI has advised the bank to improve its compliance standards to avoid such instances in the future.

Jan 15, 2025

India's macros remain robust, long-term growth prospects steady: Report

India's macros (like fiscal consolidation, strong balance sheets and recovery in consumption) remain robust amid slowing global growth and the country's long-term growth prospects remain steady, projected at 6.5 per cent real GDP growth and 10-11 per cent nominal GDP growth, according to a report on Wednesday.

Jan 15, 2025

Sensex trades higher on strong global cues

Indian stock market opens in green, Nifty above 23,200

On the National Stock Exchange (NSE), 1,263 stocks were trading in green, while 289 stocks were in red.

Jan 15, 2025

Sensex hits 85,000 for first time, Nifty trades at all-time high

Indian stock market opens higher, HCLTech shares tank 9%

The domestic benchmark indices opened higher on Tuesday as HCLTech's stock tanked 9 per cent in early trade after posting Q3 results that left brokerages unimpressed.

Jan 14, 2025

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