India Financial News

Subscribe to enjoy similar stories. Multiples, an alternative asset management company, has acquired a controlling stake in software development company QBurst for around $200 million, marking its largest investment in the technology services space so far.

Subscribe to enjoy similar stories. Boeing is set to continue delivering two aircraft per month this year to Indian airlines, the mix of narrowbody and widebody planes maintaining the company's average of the last two years. India’s second biggest airline Air India and its youngest Akasa Air together have pending deliveries over 400 Boeing aircraft.

Subscribe to enjoy similar stories. A two-judge bench of the Delhi High Court on Thursday dismissed Religare Enterprises Ltd's chairperson Rashmi Saluja's appeal seeking a stay on an earlier single-judge bench's order that had denied her request to restrain the company's board from voting on her reappointment as director.

Agro Tech Foods Limited (ATFL) has completed its acquisition of Del Monte Foods Pvt Ltd (DMFPL), it said in a stock exchange filing Thursday. ATFL and DMFPL had a combined turnover of Rs 1,300 crore in FY24, about 40% of which is on account of DMFPL, the filing said.

illegal immigrants in the US has once again highlighted how well-to-do Indians spend big money for illegally entering the US from Mexico and Canada borders. With lax policies regarding illegal immigrants in the US under the previous administration, human trafficking had turned into business that spawned mega bucks. A large number of Indians, mostly from Punjab and Gujarat, making a beeline for the US through a Latin American country and then Mexico, or crossing over from Canada, points at the well-oiled trafficking business that attracts thousands of well-paying clients every month. Since Trump won the US Presidential elections last year, this big business has seen a sudden slump. What is the "donkey route"?

M Suresh Kumar Reddy and Vijay Kancharla — promoters of Brightcom Group Ltd (BGL). Apart from the penalty, Sebi also barred both promoters from the securities markets for five years and restrained them from acting as a director or key managerial personnel (KMP) in a listed company or a Sebi-registered intermediary for five years.

trade war concerns. The benchmark BSE Sensex lost 213.12 points or 0.27% to close at 78,058.16, while the broader Nifty 50 index closed at 23,603.35, lower by 92.95 points or 0.39%.

IndiGo airline has announced that it has entered into an agreement with Norse Atlantic Airways for a damp lease of one Boeing 787-9 aircraft.

Hero MotoCorp Thursday reported an increase of 12% in standalone net profit at Rs 1202.84 crore for the third quarter ended December 31, 2024. The company had reported net profit of Rs 1073.38 crore in the same period of the last financial year. Analysts had expected the company to report net profit of Rs 1122 crore in the period under review.

Subscribe to enjoy similar stories. Bengaluru: Big deals at information technology (IT) services companies guarantee big money annually. More so, if the deal value is over $1 billion.

Cochin Shipyard on Thursday reported a 27% year-on-year (YoY) drop in its consolidated net profit at Rs 177 crore in the third quarter, compared with Rs 244 crore in the same quarter of last year. Revenue from operations in the same period increased 9% YoY to Rs 1148 crore. The same stood at Rs 1056 crore in the corresponding period of previous year.

Finance Secretary Tuhin Kanta Pandey on Thursday asked businesses to take risks, build new factories, and create jobs. The Budget measures will help give push to economic growth amidst the global headwinds, he said, adding that India will not only remain the fastest growing economy in the world but also make the pace faster.

new energy system, where electric motors, batteries, and optics will be the most crucial technologies, yet India «remains stuck in outdated economic thinking, controlled by monopolies like Reliance and Adani». The Leader of Opposition in Lok Sabha said when power is no longer concentrated in a few hands, whether in business or government, it transforms everything.

Yogi Adityanath late on Wednesday.

Hero MotoCorp on Thursday reported a 12% growth in its December quarter standalone net profit to Rs 1,203 crore versus Rs 1,073 crore reported in the year-ago period. It was higher than the Street's estimates of Rs 1,122 crore. The company announced an interim dividend of Rs 100 per equity share.

The regulatory clampdown, aimed at curbing excessive retail participation in derivatives, has led to sweeping changes, including higher Securities Transaction Tax (STT) rates, increased Market Infrastructure Institutions (MII) charges, and modifications in futures and options (F&O) trading rules. These measures have already triggered a sharp decline in F&O turnover, which fell from Rs 11,410 trillion in October 2024 to Rs 6,044 trillion by December 2024.