Thursday, July 10, 2025

Business

India and OPEC have a unique and symbiotic relationship: Hardeep Puri

VIENNA: Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, has emphasised India’s strong partnership with OPEC, discussing ways to ensure that oil markets remain balanced to ensure smooth global transition into green and alternative energies.

Sensex and Nifty open flat as market prepares for Q1 FY26 earnings season

MUMBAI: The Indian benchmark indices opened flat on Thursday amid mixed global cues as selling was seen in the auto and IT sectors in the early trade.

IndiGo flight to Delhi makes emergency landing in Patna, 169 passengers safe

PATNA: An IndiGo flight from Patna to Delhi made an emergency landing at Jai Prakash Narayan International Airport in Bihar's state capital shortly after take-off on Wednesday following a bird hit, causing panic among the 169 passengers on board.

India’s fish production more than doubles to 195 lakh tonnes in last 11 years

NEW DELHI: India’s fish production has more than doubled from 95.79 lakh tonnes in FY 2013-14 to a record 195 lakh tonnes in FY 2024-25, reflecting the success of the country’s ‘blue revolution’ launched by the Centre, according to an official statement issued on Wednesday ahead of the National Fish Farmers Day.

SIP inflows hit all-time high in June, total AUM for equity MF at Rs 74.41 lakh crore

NEW DELHI: Mutual fund systemic investment plan (SIP) inflows reached a record high of Rs 27,269 crore in the month of June, rising 2 per cent from Rs 26,688 crore in May, the Association of Mutual Funds in India (AMFI) data showed on Wednesday.

 

India set to explore over 2.5 lakh sq kms area in one of largest offshore energy efforts

NEW DELHI: As one of the world's largest offshore energy exploration efforts, India is set to explore more than 2.5 lakh square kms area under the Open Acreage Licensing Programme (OALP) Round X, Minister of Petroleum and Natural Gas, Hardeep Singh Puri, said on Wednesday.

Indian stock market opens lower amid mixed global cues

MUMBAI: The Indian benchmark indices opened lower on Wednesday amid mixed global cues as selling was seen in the IT, PSU bank and financial service sectors.

Introduction to the DEX Mini App — Decentralized Trading Everywhere

Decentralized exchange (DEX) platforms have already taken the world by storm. The good thing is that they are evolving with technology, and now crypto traders can enjoy a DEX mini app integrated inside ecosystems such as Telegram or with crypto exchanges like flpp.io. This allows people to do more than just trading; they can engage in online social and entertainment activities, such as gaming and completing tasks to earn tokens and coins, which they can then trade for crypto.

Indian market settles in positive territory as 'mini' India-US deal inches closer

MUMBAI: The Indian stock market closed in positive territory on Tuesday, inching up in a range of 0.3 per cent, as investors remained cautious ahead of the India-US trade deal which is likely to materialise soon.

Jyotiraditya Scindia meets Cisco CEO Chuck Robbins, discusses ways to build future-ready Bharat

NEW DELHI: Union Communications Minister Jyotiraditya Scindia on Tuesday met Cisco CEO Chuck Robbins and his team here, encouraging them to deepen their footprint in India’s rapidly evolving digital technology landscape and growing market.

BMW Group India appoints Hardeep Singh Brar as President, CEO

GURUGRAM: BMW Group India on Tuesday announced to appoint Hardeep Singh Brar as the President and Chief Executive Officer (CEO), effective from September 1.

Stock market trades higher ahead of India-US trade deal

MUMBAI: The domestic benchmark indices were trading marginally up on Tuesday in the early trade, after the US President Donald Trump announced that “we are close to a deal with India”.

Adani Power completes 600 MW Vidarbha Power acquisition, operating capacity reaches 18,150 MW

AHMEDABAD: Adani Power Ltd (APL) on Tuesday said it has successfully completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd (VIPL) for Rs 4,000 crore.

Stock market ends flat as investors await clarity on India-US trade deal

MUMBAI: The Indian stock market ended flat on Monday as investors remained cautious amid uncertainty around the interim India-US trade deal.

Fintechs must curb fraud with AI use, ensure financial inclusion: DFS Secretary

NEW DELHI: Fintech companies should leverage their strengths and innovation by not only extending financial services to the masses but also to develop robust solutions against fraud, hacking, and other cyber threats -- making greater use of emerging technologies like artificial intelligence (AI), a top government official said on Monday.

15 pc of $23 trillion global gold market now held in India: Report

NEW DELHI: While global forex reserves total around $12.5 trillion, the gold market is currently valued at $23 trillion, 15 per cent of which is held in India, according to a report released on Monday.

IPO-bound Smartworks’ losses swell 21 pc to over Rs 63 crore in FY25

MUMBAI: Smartworks Coworking Spaces' losses widened to Rs 63.17 crore in FY25, a rise of Rs 13.22 crore against FY24 losses, the company said in its red herring documents on Monday ahead of its initial public offering (IPO).

Global capability centres show impressive 30.8 pc growth in India in Jan-June

MUMBAI: Global Capability Centres (GCCs) showed remarkable 30.8 per cent year-on-year growth in India in January-June period (H1 2025) this year, reaching 13.85 million square feet and exceeding previous annual totals, a report showed on Monday.

US, Japan, Hong Kong drive 89 pc of Q2 foreign inflows in Indian real estate

NEW DELHI: Indian real estate sector received institutional investments of $1.80 billion in April-June period (Q2 2025), with investors from the US, Japan and Hong Kong contributing around 89 per cent to the foreign investments, according to a report on Monday.

Indian stock market opens marginally lower amid mixed global cues

MUMBAI: The domestic benchmark indices opened marginally lower on Monday amid mixed global cues, as selling was seen in the metal, auto, IT, PSU bank, pharma and financial service sectors in the early trade.

Gold prices soar over Rs 1,100 this week amid US tariff deal uncertainties

NEW DELHI: Gold prices surged Rs 1,135 and silver prices soared over Rs 2,000 this week amid uncertainties around the US tariff deal deadline (July 9) and a decline in the US dollar index.

IndusInd Bank's net advances dip nearly 4 pc in Q1, deposits also decline

MUMBAI: Private lender IndusInd Bank has reported a 3.9 per cent year-on-year (YoY) fall in net advances to Rs 3,34,477 crore for the quarter ended June 30 (Q1 FY26).

Indian stock markets end week lower amid trade deal concerns, profit booking

MUMBAI: The Indian equity markets closed lower for the week as investors turned cautious ahead of the crucial July 9 US-India trade deadline and the start of the corporate earnings season, experts said on Saturday.

India added one new airport every 40 days in last 10 years: Civil Aviation Minister

NEW DELHI: In just 10 years, the country have seen 88 new airports — nearly one new airport every 40 days — and added 60 additional flights every hour, Civil Aviation Minister Ram Mohan Naidu has said.

Quality Control Orders expanded from 14 to 156 in a decade: Minister

NEW DELHI: The number of Quality Control Orders (QCOs) in the country has grown from just 14 covering 106 products in 2014 to 156 QCOs covering 672 products over the last decade, said Commerce Minister Piyush Goyal.

MoS Tamta calls for innovation-led road planning to boost economic growth

NEW DELHI: Minister of State (MoS) for Road Transport and Highways Ajay Tamta in a meeting with experts from IIT Delhi, School of Planning and Architecture, Delhi, and industry partners on Friday, emphasised that the future of India's infrastructure lies in innovation-led, safety-integrated, and context-sensitive road planning.

Tax benefits available under NPS will apply to UPS: Finance Ministry

NEW DELHI: The Finance Ministry announced on Friday that the tax benefits available under the National Pension Scheme (NPS) will apply mutatis mutandis to the Unified Pension Scheme (UPS), as it is an option under the former.

RBI withdraws Rs 1 lakh crore from banking system through VRRR auction to tackle surplus liquidity

MUMBAI: The Reserve Bank of India (RBI) on Friday withdrew Rs 1,00,010 crore from the banking system through a seven-day variable rate reverse repo (VRRR) auction.

Defence stocks up over govt’s Rs 1.05 lakh crore procurement drive

MUMBAI: Defence stocks were trading in positive territory on Friday, a day after the union government approved the purchase of defence equipment worth Rs 1.05 lakh crore.

Nuvama shares tank over 10 pc after SEBI action against trading partner Jane Street

MUMBAI: Shares of Nuvama Wealth management plummeted over 10 per cent on Friday after the Securities and Exchange Board of India (SEBI) barred Jane Street, a US-based trading entity, from accessing the domestic equity market, asking them to deposit alleged illegal gains of Rs 4,843.5 crore in an account in favour of the market's regulator.

SAIL expands footprint to Middle East with new office in Dubai

NEW DELHI: Steel Authority of India Limited (SAIL) has inaugurated its first representative office for the Middle East in Dubai, marking a significant step in the public sector steel giant's global expansion strategy.

Nasscom CEO Forum to boost India-US tech and innovation collaboration

NEW DELHI: To further deepen the India-US collaboration, Nasscom on Friday said it is launching the US CEO Forum at the Consulate General of India in New York on July 9.

Air India denies allegations of forcing AI 171 crash victims’ families to disclose financial dependency

NEW DELHI: Air India has denied allegations from British law firm Stewarts Law that it forced families of the AI 171 crash victims to disclose financial dependency on the deceased to get compensation. Over 40 families represented by Stewarts Law have accused the airline of coercion and intimidation as they pursue claims related to the crash of the London-bound Boeing plane crash at Ahmedabad in which over 241 passengers and crew were killed.

South Korea's current account surplus widens amid US tariff pressure

SEOUL: South Korea's current account surplus widened in May from a month earlier, despite falling exports, due mainly to falling global oil prices and an increase in dividend income, central bank data showed on Friday.

C-DOT should enter global tech giant league by 2047: Minister

NEW DELHI: The Centre for Development of Telematics (C-DOT) should stand shoulder-to-shoulder with global tech leaders like Nokia, Ericsson and Huawei by 2047, Minister of State for Communications and Rural Development, Dr Pemmasani Chandra Sekhar, has said.

Indian stock market opens marginally up, Nifty above 25,400

MUMBAI: The domestic benchmark indices opened marginally higher on Friday amid mixed global cues, as buying was seen in the IT, PSU bank and financial service sectors in the early trade.

How to Resolve a Canada Visa Refusal

The rate of Canada visa refusal remains significant, especially for applicants from countries with high demand. But a refusal doesn't mean the end; it means it's time to reset, understand what went wrong, and come back stronger.

Sensex, Nifty end lower amid consolidation, investors await India-US trade deal

MUMBAI: The Indian stock markets ended lower on Thursday after a day of cautious trading, as late selling pressure erased earlier gains. Investors remained watchful amid hopes of a possible trade agreement between the US and India.

HDFC Bank CEO moves Supreme Court to quash FIR filed by Lilavati Trust, hearing on July 4

NEW DELHI: HDFC Bank CEO and Managing Director Sashidhar Jagdishan has filed a petition in the Supreme Court to quash the first information report (FIR) lodged against him on a complaint by the Lilavati Kirtilal Mehta Medical Trust, alleging that he has accepted a bribe of Rs 2.05 crore.

Nifty Smallcap 250 rises 17.83 pc in Q1 FY26; Midcap 150 up 15 pc

MUMBAI: The Indian stock market saw strong performance across all segments in June, with the Nifty Smallcap 250 index leading the way with a sharp gain of 5.73 per cent, a new report said on Thursday.

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