The government has imposed anti-dumping duties on imports of five products from China at below normal prices to remove injury to local industry. The products on which the duties have been imposed include Cellophane Transparent Film, Isopropyl Alcohol, Sulphur Black, Thermoplastic Polyurethane and Unframed Glass Mirror. These additional duties will be levied for five years.
Abu Dhabi Investment Authority (ADIA), the UAE’s largest sovereign wealth fund, will to invest Rs 6,300 crore in structured debt instruments of GMR Infra Enterprises. GMR Group will use the funds to refinance external debt of GMR Enterprises (GEPL), the promoter of GMR Airports (earlier called GMR Airports Infrastructure). GEPL’s total debt has increased nearly
Piramal Pharma Ltd on Wednesday released its fiscal second quarter earnings with profit at Rs 22.59 crore, posting a jump of 350.0 per cent in comparison to Rs 5.02 crore recorded during the corresponding quarter of FY24. It recorded Q2 revenue from operations at Rs 2241.75 crore, up 17.3 per cent as against Rs 1911.38
India has a sizable vegetarian population and has a huge history of vegetarian diets. The Indian population has sustainable eating habits which offers a small sign of hope to address the heightened ecological concerns, as per a report by GlobalData. Sustainable eating habits includes practices such as minimizing food waste, prioritizing plant-based diets, and consuming
BEL Q2 Earnings Results FY25: Bharat Electronics Limited (BEL), a prominent Navratna PSU under the Ministry of Defence, is set to announce its Q2 earnings soon. As a leading manufacturer of electronic systems for defence and other sectors, BEL has shown significant growth in recent quarters. Also ReadQ2 Results 2024: Adani Power, Sapphire Foods, Tata
Hindustan Unilever (HUL) on Wednesday announced the company board’s decision to separate its ice cream business, following a thorough evaluation by a committee of independent directors. “The Board had constituted a committee of Independent Directors of the Company (Independent Committee) to evaluate the way forward for the Business. The Board’s decision to separate is in line
Hindustan Unilever Ltd (HUL) on Wednesday reported its fiscal second quarter earnings with a profit decline of 2.4 per cent at Rs 2591 crore in comparison to Rs 2656 crore during the corresponding quarter of FY24, missing estimates. It posted revenue from operations at Rs 15,926 crore, up 2.2 per cent as against Rs 15,587
Zomato posted another robust quarter with Q2 revenue of Rs 4799 crore led by growth in Blinkit, Hyperpure and Going Out segments, even as the Food Delivery segment continued on its steady path. Zomato’s food delivery GOV grew at a steady pace of 21 per cent, Blinkit grew at a healthy pace of 122 per
U.S. stocks advanced on Wednesday as cooler-than-expected inflation data helped stanch a sharp selloff, while the escalation of U.S. President Donald Trump’s chaotic, multi-front tariff war kept gains in check. The S&P 500 and the Nasdaq closed in positive territory, the latter enjoying a muscular boost from tech and tech-adjacent momentum stocks. The blue-chip Dow
The markets regulator recently said it plans to release a consultation paper on a new product that combines mutual fund schemes with term insurance. Given the underwriting concerns & implementation challenges, fund houses may not be too enthused, explains Ananya Grover Are there any bundled products in the market? There are already similar bundled products
The traditional exploration approach in oil and gas sector is expensive, risky, and prone to mistakes, as it heavily relies on human fieldwork. Even drilling dry holes hit oil and gas companies where it hurts – their wallets. The investment poured into geological assessment, drilling and testing goes up in smoke when the well doesn’t
Enterprise AI is driving business transformation, with over 50% of AI use cases delivering impact, according to Infosys. Success is highest in professional services and tech, while financial services face regulatory hurdles. Satish H C, EVP, chief delivery officer, Infosys, tells Padmini Dhruvaraj, that the company is investing in small language models, Agentic AI, and
Global private equity giant Blackstone will double its exposure in India over the next few years to $100 billion, co-founder, chairman and CEO Stephen A Schwarzman said on Wednesday. “India has been a great market for us, giving us best returns globally. We are not rigid about the (allocated) investments in India,” Schwarzman said during
