‘GST spurring fresh tax terrorism,’ says former CEA Arvind Subramanian

Former Chief Economic Adviser Arvind Subramanian laments the GST Council has become a rate cutting and exemption granting panel

from Business News Today, Latest Finance News | The Hindu

J.P. Morgan agrees to drop lawsuit against Tesla over stock warrants

The move to drop the lawsuit was announced in a one-page court filing by both companies in a Manhattan court, where they said they will drop their claims against each other

from Business News Today, Latest Finance News | The Hindu

Zomato raises ₹8,500 crore via Qualified Institutional Placement at ₹252.62 per share

The Fund Raising Committee of Zomato's board approved the allotment of 33,64,73,755 (33.65 crore) shares to eligible qualified institutional buyers at an issue price of ₹252.62 apiece, aggregating to ₹8,500 crore

from Business News Today, Latest Finance News | The Hindu

Indian government is not a part of U.S. probe into Adani Group: Ministry of External Affairs

It is a legal matter involving private firms, individuals and U.S. Justice Dept., says MEA spokesperson Randhir Jaiswal, adding that Embassy has not been contacted in case

from Business News Today, Latest Finance News | The Hindu

Zee Entertainment shareholders reject proposal to reappoint Punit Goenka as director

Resolution number three in the AGM, which proposed the reappointment of Mr. Goenka as director, was supported by only 49.54% of the total number of votes cast while 50.4% voted against the resolution

from Business News Today, Latest Finance News | The Hindu

AI sees growth from domestic, short international flights in 2025: CEO Campbell Wilson

The Tata Group-owned airline, which has embarked on a five-year transformation journey, expects to have a fleet of 400 planes by 2027

from Business News Today, Latest Finance News | The Hindu

Adani group loans: Indian lenders kick off a review

Adani Group's listed stocks, which at one point saw as much as $34 billion wiped off their market value, meanwhile recovered ground as some partners and investors rallied behind it

from Business News Today, Latest Finance News | The Hindu

Rupee falls 7 paise against US dollar in early trade

At the interbank foreign exchange, the rupee opened at 84.45 and moved in a tight range and touched 84.47 against the greenback, registering a fall of 7 paise over its previous close.

from Business News Today, Latest Finance News | The Hindu

Abu Dhabi's IHC says its outlook on Adani Group investments is unchanged

In October last year, IHC boosted its stake in Adani Enterprises to more than 5% after it sold down its investments in two other Adani companies

from Business News Today, Latest Finance News | The Hindu

OpenAI signs deal with French telecoms operator Orange to give access to pre-release AI models

Orange has struck a multi-year partnership with OpenAI in Europe that will give the French telecoms operator access to pre-release AI models

from Business News Today, Latest Finance News | The Hindu

Switch Mobility signs MoU with Vertelo to accelerate EV adoption in India

from Business News Today, Latest Finance News | The Hindu

AGEL says no material impact from TotalEnergies’ stance

from Business News Today, Latest Finance News | The Hindu

No funds disbursed to Adani Colombo port project so far, assessing situation: U.S. Agency DFC

Delay over $533 mn loan announced in November 2023 comes as Sri Lankan government says reports reviewing projects will come “very soon”

from Business News Today, Latest Finance News | The Hindu

Hindustan Unilever Limited Board approves demerger of Ice Cream business into an independent listed entity

HUL shareholders to receive shares in new ice cream business entity, subject to approvals, maximizing value for all

from Business News Today, Latest Finance News | The Hindu

Adani touts financial muscle, says can grow without external debt

The Adani group presentation to investors came as doubts were being expressed over its ability to raise funds overseas following the U.S. indictment against its founder chairman Gautam Adani and seven others

from Business News Today, Latest Finance News | The Hindu

Rupee rises 6 paise to 84.35 against U.S. dollar in early trade

The Indian rupee opened with some gains as FPIs selling came down considerably and markets rose last Friday, Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP

from Business News Today, Latest Finance News | The Hindu

Sensex, Nifty soar after BJP-led Mahayuti's win in Maharashtra

From the 30-share Sensex pack, Mahindra & Mahindra, Larsen & Toubro, State Bank of India, Reliance Industries, ICICI Bank and Bajaj Finance were the biggest gainers

from Business News Today, Latest Finance News | The Hindu

TikTok CEO sought Elon Musk's input ahead of Trump administration: Report

ByteDance-owned TikTok Chief Executive Officer Shou Zi Chew has sought input on U.S. matters from Elon Musk, a close adviser to President-elect Donald Trump, the Wall Street Journal reported

from Business News Today, Latest Finance News | The Hindu

Government unfazed by high import bills and trade deficit spikes

Trade mandarins and Commerce Minister Piyush Goyal have stressed some imported goods serve as vital inputs for India’s rising exports; Minister hints at a study to demonstrate the correlation

from Business News Today, Latest Finance News | The Hindu

In the name of open economy, we gave unfair advantages to others: EAM Jaishankar

According to Mr. Jaishankar, under Modi’s ‘Brand Bharat’, this is being done differently as 'Make in India' has moved from aspiration to an assertion

from Business News Today, Latest Finance News | The Hindu

World Bank study recommends skill-based training to enhance jobs in multiple sectors

The study found that services sector jobs and agriculture income enhancement present large opportunities for school-based skilling

from Business News Today, Latest Finance News | The Hindu

World Bank study recommends skill-based training to enhance jobs in multiple sectors

The study found that services sector jobs and agriculture income enhancement present large opportunities for school-based skilling

from Business News Today, Latest Finance News | The Hindu

FTA talks with India to relaunch early in 2025: U.K. PM tells Parliament

The talks were paused as the general election cycles kicked in for both nations, with FTA negotiations that began under a Conservative Party government now being picked up by a Labour-led administration in charge in the U.K.

from Business News Today, Latest Finance News | The Hindu

Adanis knew of U.S. probe when they sold ‘bribe-linked assets’ to TotalEnergies, say prosecutors

Adani Group under U.S. investigation for bribery, sells solar stake to TotalEnergies, sparking legal allegations and controversy

from Business News Today, Latest Finance News | The Hindu

Telecom surprise: BSNL gains, private telcos lose one crore subscribers this September

BSNL, however, refrained from following the footsteps of its larger rivals, and its Chairman and Managing Director Robert Ravi recently ruled out an increase in tariffs, in the near future

from Business News Today, Latest Finance News | The Hindu

Natco submits ANDA for Risdiplam for oral solution

from Business News Today, Latest Finance News | The Hindu

Adani stocks dive, drag Nifty to fresh five-month low

Tuesday’s reprieve for Dalal Street when the Nifty-50 snapped its worst streak in 20 months, was short-lived, as an U.S. Court indicts the Adani group on bribery and securities fraud charges

from Business News Today, Latest Finance News | The Hindu

Gautam Adani charged with defrauding investors; hiding plan to bribe Indian officials, says U.S.

Gautam Adani indicted for securities fraud and “bribery” in solar energy project, impacting investors and officials

from Business News Today, Latest Finance News | The Hindu

Inflation spilling over, private capex lacklustre: RBI Bulletin

from Business News Today, Latest Finance News | The Hindu

Bengaluru Tech Summit 2024: ISRO to help automotive industry manufacture sensors indigenously

According to ISRO Chairman S. Somanath, during the COVID-19 pandemic, the non-availability of sensors had choked the production line of automobiles

from Business News Today, Latest Finance News | The Hindu

Microsoft pitches AI ’agents’ that can perform tasks on their own at Ignite 2024

Microsoft CEO Satya Nadella told customers at a conference in Chicago on Tuesday that the company is teaching a new set of artificial intelligence tools how to “act on our behalf across our work and life.”

from Business News Today, Latest Finance News | The Hindu

Cigna Group arm Evernorth opens Global Capability Centre in Hyderabad; plans to ramp up hiring

Evernorth Health Services opens global capability centre in Hyderabad and plans to hire 300 more employees by April 2025

from Business News Today, Latest Finance News | The Hindu

Around 6.5 lakh applications come in for PM’s Internship Scheme pilot project

The scheme’s pilot, learnings from which would be used to scale it up for a full-fledged roll-out, has attracted internship offers from 280 major firms such as Tata Steel, ITC Limited, ICICI Bank, and the Mahindra Group

from Business News Today, Latest Finance News | The Hindu

Apollo Radiology Intl acquires U.K.-based InHealth Group’s Radiology Reporting wing

from Business News Today, Latest Finance News | The Hindu

Rupee rises 8 paise to 84.38 against U.S. dollar in early trade

Lower level of crude oil prices in the international market supported the recovery of local unit, forex traders said

from Business News Today, Latest Finance News | The Hindu

TikTok parent ByteDance’s valuation hits $300 billion amid U.S. ban uncertainty: Report

TikTok's Chinese parent company ByteDance is valuing itself at about $300 billion after a recent buyback offer, the Wall Street Journal reported on Saturday

from Business News Today, Latest Finance News | The Hindu

Retail tomato prices drop 22.4% on improved supplies: Govt.

The Consumer Affairs Ministry reports a 22.4% drop in tomato prices due to improved supplies, benefiting consumers nationwide

from Business News Today, Latest Finance News | The Hindu

Jairam Ramesh says no reason to celebrate increased women participation in workforce, highights wage fall and job quality deterioration

Jairam Ramesh criticises Modi Government for misleading increase in women’s Labour Force Participation Ratio, highlighting rural distress and declining wages

from Business News Today, Latest Finance News | The Hindu

Failure to disclose foreign assets, income to invite ₹10L penalty: I-T dept

The department said taxpayers figuring under this criteria "must mandatorily" fill the foreign asset (FA) or foreign source income (FSI) schedule in their ITR even if their income is "below the taxable limit" or the asset abroad was "acquired from disclosed sources"

from Business News Today, Latest Finance News | The Hindu

Ground reality of unemployment in Delhi different from picture government data paints

Unemployment in Delhi challenges government data, with workers struggling for jobs and students facing placement issues

from Business News Today, Latest Finance News | The Hindu

Navrattan Group develops ‘eco-friendly’ cement

Navrattan Green Crete, an eco-friendly cement with superior air-curing properties, reducing costs and environmental impact in construction projects

from Business News Today, Latest Finance News | The Hindu

Aditya Birla Group makes $20 bn investment as it sets eyes on scaling biz: K.M. Birla

He said most of the group's investments are long-term, with a business outlook over the next 15-20 years, while consumer businesses have a shorter span

from Business News Today, Latest Finance News | The Hindu

36,000 public EV charging guns needed by 2030 to meet demand: Study

Bengaluru is estimated to have will have more than 23 lakh EVs on the road by 2030

from Business News Today, Latest Finance News | The Hindu

Infosys founder Narayana Murthy on work-life balance and five-day workweek

“I don’t believe in work-life balance,” Infosys founder Narayan Murthy said at the CNBC Global Leadership Summit

from Business News Today, Latest Finance News | The Hindu

Singareni gross profit up by 36% in first 7 months of 2024-25

The officials stated that the company had posted a revenue of ₹17,151 crore through sale of coal and another ₹2,286 crore from energy sales during the April-October period

from Business News Today, Latest Finance News | The Hindu

Strong rebound in exports, but import bill hits all-time high in October

Economists attribute the spike in import bill to higher gold and oil imports and the Commerce Secretary says India’s non-petroleum exports have surged to the highest ever tally of $211.3 billion 

from Business News Today, Latest Finance News | The Hindu

Sensex, Nifty trade firm in early trade

Sensex climbed to 77,945.45 and Nifty went up to 23,645.30

from Business News Today, Latest Finance News | The Hindu

Affordable generics will stay relevant amid a premiumisation trend: GSK’s Bhushan Akshikar

GSK will keep its existing portfolios while entering areas like oncology, said company officials at its centenary celebrations

from Business News Today, Latest Finance News | The Hindu

U.S. Supreme Court seems likely to allow class action to proceed against Nvidia

The Supreme Court seems likely to keep alive a class-action lawsuit accusing Nvidia of misleading investors about its dependence on selling computer chips for the mining of volatile cryptocurrency

from Business News Today, Latest Finance News | The Hindu

Samsung Electronics shares hit 4-year lows on Trump risks, AI chips

Shares in Samsung Electronics fell on Wednesday to their lowest level in more than four years amid worries about the impact of U.S. tariffs under a new Donald Trump administration, analysts said

from Business News Today, Latest Finance News | The Hindu

Mercedes-Benz India introduces sportscar AMG C 63 S E at ₹1.95 crore

The Mercedes-AMG C 63 S E Performance’s hybrid powertrain merges a 2.0-litre AMG turbo engine with an Electric Drive Unit (EDU)

from Business News Today, Latest Finance News | The Hindu

Hyundai Motor consolidated Q2 net skids on weak sentiments

Revenue from operations declined by 7.5% to ₹17,260 crore due to Red Sea crisis, while operational and cost efficiencies provided some positive support, the carmaker said in a statement

from Business News Today, Latest Finance News | The Hindu

BLS International Services Q2 PAT rises 78% to ₹145.7 crore

The company’s revenue from operations increased 21% to ₹495 crore as compared with ₹407.7 crore in the same period last year.

from Business News Today, Latest Finance News | The Hindu

RBI announces rules to reclassify FPI investment as FDI once it crosses 10% holding in Indian firms

Investment made by foreign portfolio investor along with its investor group (hereinafter referred to as ‘FPI’) shall be less than 10% of the total paid-up equity capital on a fully diluted basis

from Business News Today, Latest Finance News | The Hindu

ITI Limited emerges as lowest bidder BharatNet Phase-3 Project worth ₹4559 cr.

from Business News Today, Latest Finance News | The Hindu

Markets decline in early trade amid unabated foreign fund outflows, muted earnings

Sensex and Nifty fall due to foreign fund outflows, disappointing earnings, and weak Asian markets, impacting investor sentiment

from Business News Today, Latest Finance News | The Hindu

Rupee falls 1 paisa to all-time low of 84.38 against U.S. dollar in early trade

Forex traders said the rupee is likely to remain under pressure unless there is a softening in the dollar index or a slowdown in foreign fund outflows

from Business News Today, Latest Finance News | The Hindu

On improving wind energy generation | Explained

What is Tamil Nadu’s wind power capacity? What about national wind energy capacity? What does repowering and refurbishing of wind turbines mean? Why are wind energy generators opposing the new policy of the Tamil Nadu government?

from Business News Today, Latest Finance News | The Hindu

Singapore Airlines to invest additional ₹3,195 crore in Air India post-Vistara merger

Full-service carrier Vistara, which started flying on January 9, 2015, is a joint venture between Tatas and Singapore Airlines, where the latter holds a 49% shareholding

from Business News Today, Latest Finance News | The Hindu

India's coal import rises 8% to 140.60 MT in April-September

Coal import demand is likely to remain modest due to the healthy stock position and high volumes being offered through spot e-auctions in the domestic market, mjunction MD and CEO Vinaya Varma said

from Business News Today, Latest Finance News | The Hindu

‘Domestic savers to offset foreign investor exodus’: experts

Foreign portfolio investors may have rushed to the exit door in record numbers this October, but experts expect domestic investors and pension funds to offset their plays over the medium term

from Business News Today, Latest Finance News | The Hindu

What happens to Indian firms on U.S. blacklist?

Were they sanctioned for supply and sales to Russia? Will things be different under the Trump administration?

from Business News Today, Latest Finance News | The Hindu

Aurobindo Pharma Q2 net rises 8.6% year-on-year to ₹816.9 crore, declines 11% sequentially on higher revenue

from Business News Today, Latest Finance News | The Hindu

FM asks RRBs to develop suitable products aligning with MSME clusters

Increase disbursements in ground-level agriculture, focus on asset quality, boost digital and mobile banking service to further enhance financial inclusion: FM to PSU banks, RRBs

from Business News Today, Latest Finance News | The Hindu

Sundaram Home Finance forays into Chhattisgarh, aims to disburse ₹50 cr.

from Business News Today, Latest Finance News | The Hindu

Ratan Tata’s absence deeply felt across the world, writes PM Narendra Modi

He wore his achievements lightly, with humility and kindness.

from Business News Today, Latest Finance News | The Hindu

Rupee falls 5 paise to all-time low of 84.37 against US dollar in early trade

Forex traders said the US Federal Reserve's recent decision to cut interest rates signals a shift in the global financial landscape.

from Business News Today, Latest Finance News | The Hindu

China braces for tensions after Trump victory in U.S.

As President-elect Donald Trump prepares to start his second term in office, China is looking at unpredictability in its ties with the U.S. and renewed tensions over trade, technology, and Taiwan

from Business News Today, Latest Finance News | The Hindu

Amazon.com mulls new multi-billion dollar investment in Anthropic: Report

Amazon is in talks for its second multi-billion dollar investment in artificial intelligence startup Anthropic, the Information reported on Thursday

from Business News Today, Latest Finance News | The Hindu

Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty

The rate cut follows a larger half-point reduction in September, and it reflects the Fed’s renewed focus on supporting the job market as well as fighting inflation, which now barely exceeds the central bank’s 2% target.

from Business News Today, Latest Finance News | The Hindu

OmniActive Health acquires ENovate Biolife

from Business News Today, Latest Finance News | The Hindu

Mazagon Dock Shipbuilders Q2 PAT up 76% to ₹585 crore

from Business News Today, Latest Finance News | The Hindu

Constellation seeks data centres at power plants despite regulatory setback

Constellation Energy will continue to pursue deals to develop data centres on the sites of its U.S. power plants, days after federal regulators dealt a blow to the so-called co-located arrangements, company executives said

from Business News Today, Latest Finance News | The Hindu

Facebook, Nvidia ask U.S. Supreme Court to spare them from securities fraud suits

The U.S. Supreme Court is set to consider bids by two tech giants - Meta's Facebook and Nvidia - to fend off federal securities fraud lawsuits in separate cases

from Business News Today, Latest Finance News | The Hindu

Ambani's Reliance Jio IPO set for 2025, retail debut much later, sources say

Mukesh Ambani targets a 2025 Mumbai listing for his telecom business Jio, valued by analysts at over $100 billion, and plans to launch his retail unit's IPO much later, two sources told Reuters

from Business News Today, Latest Finance News | The Hindu

Government invites applications for RBI Deputy Governor

Applicants should have at least 25 years of work experience in Public Administration including experience at the level of Secretary or equivalent in the Government of India

from Business News Today, Latest Finance News | The Hindu

Rupee moves in narrow range against US dollar in early trade

Forex traders said the rupee is likely to trade in a narrow range during the day as the strong dollar weighs on the local unit and rising crude oil prices dragged down the local unit

from Business News Today, Latest Finance News | The Hindu

India’s manufacturing growth accelerates in October: PMI

However, inflation pressures increased as input costs rose at a three-month high pace, with firms attributing most of these pressures to freight, labour and material costs, notes the survey.

from Business News Today, Latest Finance News | The Hindu

Sensex, Nifty plunge in early trade dragged by Reliance Industries

Relentless selling by foreign investors also dampened the sentiments in the equity market

from Business News Today, Latest Finance News | The Hindu

Lower sales realisation hit margins of cement makers in Q2

Industry observers said the increase in sales volume of UltraTech and Ambuja Cements is mainly due to the several acquisitions by both companies that consolidated their position further in the industry

from Business News Today, Latest Finance News | The Hindu

FPIs withdraw record ₹94,000 crore from Indian equities in October on attractive Chinese valuations

Foreign portfolio investors withdrew ₹94,000 crore from Indian stock market in October due to high valuations, shifting focus to Chinese stocks

from Business News Today, Latest Finance News | The Hindu

FMCG firms worry over high inflation, squeezing urban market; hint price hike

Rising prices of commodity inputs such as palm oil, coffee and cocoa were also accentuated and some FMCG firms have hinted at a price hike

from Business News Today, Latest Finance News | The Hindu

Companies from Delhi, Hyderabad, Bengaluru lead list of Indian entities facing U.S. sanctions

Nearly all the Indian entities on the list are well-established companies in their respective domains, with many having been active for decades.

from Business News Today, Latest Finance News | The Hindu

U.S. regulators reject amended interconnect agreement for Amazon data centre

U.S. energy regulators rejected an amended interconnection agreement for an Amazon data centre connected directly to a nuclear power plant in Pennsylvania

from Business News Today, Latest Finance News | The Hindu

Apple accused by NLRB of deterring employees from discussing pay equity

Apple has been accused by the National Labor Relations Board of trying to prevent employees from discussing pay equity

from Business News Today, Latest Finance News | The Hindu

Royal Enfield October sales up 31% to 1,10,574 units

The company exported 8,688 motorcycles during the month

from Business News Today, Latest Finance News | The Hindu

Mahindra October auto sales up 20% YoY to 96,648 units; SUV sales up 25%

Including exports, the total SUV sales were 55,571 units. The domestic sales for Commercial Vehicles stood at 28812 units

from Business News Today, Latest Finance News | The Hindu