US President Donald Trump’s decision to double tariffs on steel and aluminium imports is set to impact India’s metal exports worth $4.56 billion, according to a report by the Global Trade Research Initiative (GTRI). The revised tariffs, which will take effect on June 4, 2025, are expected to make Indian metal products significantly more expensive
Patanjali Ayurved, the company founded by yoga guru Ramdev, has come under fresh scrutiny from the Ministry of Corporate Affairs (MCA), which has issued a notice seeking an explanation over a series of financial transactions flagged as suspicious by federal economic intelligence agencies. A report by Bloomberg reveals that the government is probing possible fund
Leena Gandhi Tewari, chairperson of pharmaceutical giant USV, has bought two luxurious sea-facing duplex apartments in Mumbai’s upscale Worli area. The deal is worth Rs 639 crore, making it the most expensive residential property sale ever recorded in India. The two duplexes are located in Naman Xana, a 40-storey premium tower on Worli Sea Face.
IndiGo, India’s leading airline, has appointed Vikram Singh Mehta as the new Chairman of its Board. Mehta has been part of IndiGo’s Board since May 2022 and now takes over from Dr. Venkataramani Sumantran. Dr. Sumantran has completed his five-year term as a Board member and stepped down as Chairman. He took charge in May
India’s health insurance sector is evolving, and with the increasing penetration of the government health insurance schemes and competition from the new entrants, the traditional standalone health insurers are having a tough time in terms of growth and profitability. According to an Elara Capital report, due to the limited total addressable market in India, the
India’s automotive component sector is expected to post a revenue growth of 7-9 per cent this fiscal, mirroring the previous fiscal, stated a report by Crisil Ratings. The growth, it added, will be driven by sustained demand momentum from two segments – two-wheelers (2Ws) and passenger vehicles (PVs), especially utility vehicles, which account for nearly
Zydus Lifesciences Ltd on Tuesday released its fiscal fourth quarter earnings with profit at Rs 1170.90 crore, missing estimates. This was marginally lower than Rs 1182.30 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 6527.90 crore, up 17.96 per cent as against Rs 5533.80 crore reported during the
The Supreme Court of India on Monday dismissed the writ petition by telecom major Vodafone Idea and Bharti Airtel seeking exemption of interest on Adjusted Gross Revenue (AGR) dues, a report by CNBC TV18 confirmed. A bench led by Justice JB Pardiwala called the petition ‘shocking’ and deemed it ‘misconceived’. The telecom giants had filed
8th Pay Commission latest update: In a relief for over 1 crore central government employees and pensioners, the Centre has said it is “actively consulting” state governments on the 8th Pay Commission matter and an announcement can be expected soon with regard to the constitution of the panel. A delegation from the Government Employees National
The ministry of heavy industries (MHI) has proposed a Rs 13,000-crore incentive scheme for the construction equipment sector with the aim of strengthening domestic manufacturing and reducing import dependence. The scheme is under discussion with key ministries and is expected to be taken up for Cabinet approval in the coming months, officials told Fe. ALSO
Indian equity benchmarks closed Monday’s session on a positive note. However, the benchmarks gave up the intra-day gains during closing. The Nifty 50 closed the session 32 points or 0.13% higher at 24,773, and the Sensex surged 75 points or 0.09% to end at 80,787. Similarly, the Nifty Bank was in line with the overall
Individuals should consider investing in flexi-cap funds as they are more resilient in volatile markets. The flexibility of fund managers to allocate money across market capitalisation helps them to generate alpha consistently in these funds. The appeal of flexi-cap funds is growing. In the first half of this year, about Rs 31,500 crore has flowed
India Inc’s revenue growth is expected to improve by 100-200 basis points in FY26 compared with FY25 as the government’s GST rationalisation feeds into consumption, according to analysts and brokerages. Revenue growth for FY25 was around 5%. With GST cuts taking effect from September 22, brokerages including Motilal Oswal, JM Financial and Kotak now peg
