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Q3 exports to grow 1.8 per cent on year: Exim Bank

India’s merchandise exports are expected to grow 1.85% on year in October-December quarter to $ 107 billion, according to a forecast. “Non-oil exports are forecast to amount $ 91.7 billion, with a y-o-y growth of 7.39%, during Q3 of FY 2025. Non-oil and non-gems and jewellery exports are forecast to amount $ 82.7 bn, with

Open to lift tariffs if local industry not hurt: Finance Minister

India is willing to lift or ease import tariffs on certain goods if it does not hurt local manufacturing capacities, finance minister Nirmala Sitharaman said on Tuesday. The statement signalled the government’s thinking on how to deal with the threat of US president-elect Donald Trump to impede market access for Indian merchandise to the world’s

Slowdown bites top IT brass: Face cut in variable pay while junior staffers receive 100%

It’s not only Tata Consultancy Services, but other top IT services firms have also cut the variable pay of senior employees due after the September quarter as the sector continues to face headwinds on account of muted client budgets, industry sources said. However, at junior to mid-levels, most employees have got up to 100% variable

Metropolis Healthcare reports 13% jump in profit y-o-y; Analysts say steady performance likely to continue

Metropolis Healthcare recently reported its unaudited consolidated financial results for the quarter ended September 30th, 2024. Metropolis Healthcare Ltd.’s consolidated net profit rose 31 percent in the second quarter of fiscal 2025, meeting analysts’ estimates. According to the company’s statement, the diagnostics company’s profit stood at Rs 46.7 crore in the quarter ended September, compared

Q2FY25: Zydus Lifesciences reports profit rises 14% to Rs. 911 crore; R&D investments up 22% Q-o-Q

Zydus Lifesciences Ltd. on Tuesday announced its unaudited consolidated financial results for the quarter and half year ended September 30th, 2024. The company’s net profit for the July to September period surged 13.7% year-on-year to Rs. 911 crore, compared to Rs. 801 crore reported in the same quarter last year. Zydus Lifesciences spent Rs 480

Hindalco Q2 Results: Profit jumps by 78% to Rs 3,909 crore on strong India biz, favourable macros, prudent cost management

Hindalco Industries Ltd announced its fiscal second quarter earnings with a profit of Rs 3,909 crore, registering a growth of 78.0 per cent in comparison to Rs 2,196 crore during the same period of previous financial year. Profit, it said, was driven by a strong operational performance by the India business, favourable macros and prudent

Insolvency process getting only longer and more tedious; average resolution time rises to 761 days in April-Sept

For the record, the government is keen to improve operational efficiencies of the insolvency resolution process, and acutely aware of the need to expeditiously free up sunk capital of bankrupt firms. Several legislative and administrative measures have been taken apparently with this intent, and more are in the offing. However, if anything, the time taken

L&T’s Energy CarbonLite Solutions arm receives order from NTPC for thermal power plants

Larsen and Toubro (L&T) on Tuesday announced that its Energy CarbonLite Solutions vertical has bagged ‘Limited Notice to Proceed’ (LNTP) from NTPC Ltd for setting up thermal power plants in Madhya Pradesh and Bihar. The orders pertain to main plant packages of 2×800 MW Stage-II thermal power plant at Gadarwara in Madhya Pradesh and 3×800
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Senior Citizen Fixed Deposits offering highest interest rates in March 2025 – Compare rates

Fixed deposits (FDs) have been a go-to investment choice in India for quite some time, particularly among senior citizens who prioritize financial stability and a consistent income. To meet the needs of this age group, Senior Citizen FDs provide better interest rates along with a range of other benefits. Before you jump into these investment

Mcap of five of top-10 most valued firms declines Rs 93,000 crore; Infosys, TCS hit hard

The combined market capitalisation of five of the top-10 most valued firms declined by Rs 93,357.52 crore, with IT giants Infosys and Tata Consultancy Services taking the biggest hit, in line with a weak trend in domestic equities. Last week, the BSE Sensex benchmark declined 503.67 points or 0.68 per cent, and the NSE Nifty

US Fed interest rate decision, tariff-related developments to drive mkt movement this week: Analysts

The US Fed interest rate decision, global trends, tariff-related developments and trading activity of foreign investors will drive the equity market movement this week, analysts said. Among macroeconomic data announcement, WPI inflation for February is scheduled to be announced on Monday. “Persistent uncertainties surrounding global trade and the fear of a US recession may continue

Flexi cap funds vs Multi cap funds: Which is an appropriate choice during volatile times

In September 2024, I wrote a piece, ‘Flexi Cap Funds v/s Multi Cap Funds: Which Is Better at a Market High?’. The valuations of the Indian equity market then were exceptionally high: the BSE SmallCap P/E and BSE MidCap P/E were at around 36x and 34x, respectively, while the BSE LargeCap Index was nearly 26x.

Top 10 mutual funds holding IndusInd Bank may take a Hit: Do you own these?

Indian banking has witnessed various challenges over the last few years, from mounting non-performing assets (NPAs) to regulatory action and issues of corporate governance. Banks are generally considered pillars of country’s financial stability, and thus any disruptions within prominent banks could have extensive ramifications. Institutional investors, regulators, and analysts are keenly watching such events because