Business news

Ambuja Cements clocks highest quarterly revenue of Rs 7,516 crore in Q2

Ambuja Cements' net profit more than doubles in Q3; reports Rs 2,620 crore PAT

Ambuja Cements, the cement and building material company of the diversified Adani Group, on Wednesday reported robust profit after tax (PAT) growth at Rs 2,620 crore, which more than doubled (year-on-year) in Q3 FY25.

Jan 29, 2025

India's economic growth expected to accelerate in 2nd half of 2024-25: Report

MCX to hold special trading session on Union Budget day

The Multi Commodity Exchange of India (MCX) on Wednesday said it will remain open for trading on February 1 due to the Union Budget 2025-26 presentation by Finance Minister Nirmala Sitharaman.

Jan 29, 2025

GCCs fuel record-breaking office leasing in India, to exceed 2,500 units in 3-4 years

Global capability centres (GCCs) fuelled record-breaking 77.2 million square feet office leasing in India, accounting for 36 per cent of total demand in 2024, according to a report on Wednesday.

Jan 29, 2025

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

Indian stock market opens higher, Nifty above 23,000

The domestic benchmark indices opened higher on Wednesday for second day in a row, as investors are now looking forward to positive cues in the upcoming Union Budget 2025-26.

Jan 29, 2025

Sensex jumps 566 points, Nifty holds at 23,000 as US tariff fears ease

Indian stock market bounces back, ends 2-day decline

Indian stock markets on Tuesday witnessed a positive trend with the benchmark indices gaining strong ground after two days of decline amid mixed global signals.

Jan 28, 2025

PM Modi's Cabinet approves ₹3,300 crore for 'Made in India' semiconductors

Semiconductor demand in India to reach 28 pc by 2026 end amid AI boom

The demand for semiconductors in India in the artificial intelligence (AI) era is likely to increase to 28 per cent by the end of 2026, close to the global expected demand of 29 per cent

Jan 28, 2025

Nifty, Sensex rebound in early trade as US markets sink amid new AI fears

The domestic benchmark indices opened higher on Tuesday after ending over seven-month low in the previous trading session.

Jan 28, 2025

Chip giant Nvidia to design new AI chips every year: CEO

US Tech Stock Selloff Deepens as DeepSeek Disrupts AI Landscape

Japanese technology shares plunged on Tuesday as the global market turmoil, triggered by a groundbreaking Chinese artificial intelligence model DeepSeek, extended into its second day. Investors are now reassessing the dominance and valuations of leading AI firms.

Jan 28, 2025

Sensex, Nifty rebound cautiously as AI fears grip global markets

The Sensex rose by 303 points (0.41%) to 75,694, while the Nifty 50 climbed 70 points (0.30%) to 22,898 as of 9:33 a.m.

Jan 28, 2025

Sridhar Vembu steps down as Zoho CEO to become company's chief scientist

Sridhar Vembu, Founder and CEO of software major Zoho Corporation, on Monday stepped down as the CEO to serve as the company's chief scientist.

Jan 27, 2025

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Adani's cement major ACC Ltd reports 103 pc surge in Q3 profit

Cement and building materials leader ACC Limited, part of the diversified Adani Group, on Monday, reported a significant 103 per cent year-on-year jump in its net profit for the December quarter (Q3) of FY25.

Jan 27, 2025

Indian share market ends lower, Nifty below 23,700

Sensex, Nifty slide over 1 pc amid weak global cues, US trade uncertainties

Indian equity markets witnessed a sharp decline on Monday amid weak global cues and uncertainties over US trade policies which dampened domestic investors' sentiment.

Jan 27, 2025

Adani Wilmar clocks 105 pc profit jump in Q3, revenue rises 31 pc

Adani Wilmar saw its stock rising on Monday after the company reported a 105 per cent jump in net profit at Rs 410.57 crore in Q3 FY25, compared to Rs 201 crore in the same quarter last year.

Jan 27, 2025

Credit card usage in India grows as consumers finance consumption needs

Credit card usage in India grew at 34 per cent in the September quarter of 2024, compared to 26 per cent in the same period in 2023, as consumers increased spending on their existing credit cards to finance their consumption needs, according to a report on Monday.

Jan 27, 2025

Indian stock market opens flat, PSU bank shares lead

Market Outlook: Budget, Q3 results, global economic cues key factors for next week

The Indian stock market outlook for the next week will be guided by the Union Budget, q3 results and global economic cues such as crude oil price, dollar index and US GDP growth rate data.

Jan 26, 2025