Business News

Sensex, Nifty Surge Over 1% On Heavy Buying In IT Stocks As Trump Set To Win US Polls

Mumbai: Stock markets rallied more than 1 per cent on Wednesday with benchmark Sensex soaring 901 points on heavy buying in IT and pharma shares as Donald Trump is all set to win the US presidential elections. Extending its gains to the second day, the BSE Sensex jumped 901.50 points or 1.13 per cent to […]

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K-Rail Can Be Implemented If Technical Issues In Design Addressed, Says Ashwini Vaishnav

The Kerala government’s ambitious K-Rail semi-high-speed rail project is back in the news again as the Centre assured on Sunday that the project can be taken forward if the technical and environmental issues in its design are addressed by the state authorities. The multi-crore project has been shelved for some time due to intense protest

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Navi Mumbai Airport To Start Operations In First Half Of 2025: Adani Group CFO

Navi Mumbai Airport Details: Group CFO of Adani Group, Jugeshinder ‘Robbie’ Singh on Tuesday said the Adani Group’s newly built airport at Navi Mumbai will start operations in the first half of 2025. Earlier this month, Adani Group successfully managed the landing of Indian Air Force aircraft at a Navi Mumbai runway. “With this, we

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OMCs Operating Profit To Drop By 30% In FY25 Amid Diesel Spread Softening: Crisil Reports

New Delhi: Oil marketing companies (OMCs) are expected to see a drop in operating profit to USD 12-14 per barrel in fiscal 2025 from USD 20 per barrel last fiscal, Crisil Ratings reported. The decline is primarily due to discounts on Russian crude oil, a softening of diesel spreads, and inventory losses, according to the

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Unchanged Retail Fuel Prices Amid Oil Volatility To Support Returns For Industry: Report

New Delhi: Amid the ongoing geo-political tensions, unchanged retail fuel prices amid the volatile oil prices will support overall returns for the industry, according to a report on Thursday. Operating profit will be higher than the $9-11 per barrel on average over the 10 years through fiscal 2025. This will partly support the continued substantial

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Sensex, Nifty Tumble Over 1% On Weak Global Cues, Foreign Fund Exodus

Mumbai: Equity benchmark indices Sensex and Nifty plunged more than 1 per cent on Tuesday due to across-the-board selloff amid massive foreign fund exodus from the capital markets and sluggish global equities. Besides, a weak earnings growth trend also dented market sentiment, traders said. Extending its previous day’s decline, the BSE Sensex plummeted 930.55 points

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Funding Momentum Bounces Back For Indian Startups With Over 300% Jump

New Delhi: The funding momentum bounced back for the Indian startup ecosystem this week, with 39 startups raising around $449 million across 29 deals — an over 300 per cent jump from the $135 million raised last week.  This week saw 12 growth-stage and 16 early-stage deals. The seed funding stood at $26.5 million, a

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IT Major Infosys Logs 4.7% Increase In Q2 Net Profit At Rs 6,506 Crore

New Delhi: IT major Infosys on Thursday reported a 4.7 per cent increase in net profit (year-on-year) in the July-September period (Q2 FY25) to Rs 6,506 crore from Rs 6,212 crore in the year-ago quarter. The IT bellwether’s revenue clocked a growth of over 4 per cent (quarter-on-quarter) at Rs 40,986 crore from Rs 38,994

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