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Sri Lanka has revoked a 2024 power purchase agreement with Adani Green Energy — for a proposed wind power plant in the i...
24/01/2025

Sri Lanka has revoked a 2024 power purchase agreement with Adani Green Energy — for a proposed wind power plant in the island’s Northern Province — following corruption allegations, news agency AFP reported on Friday.

Sri Lanka revokes Adani Green Energy power purchase agreement amid corruption allegations, project under review.

Private sector major ICICI Bank will likely post healthy growth in net profit for the quarter ended December on account ...
24/01/2025

Private sector major ICICI Bank will likely post healthy growth in net profit for the quarter ended December on account of healthy business growth, stable asset quality and net interest margin (NIM), analysts say.

ICICI Bank poised for strong Q3FY25 results with healthy growth in net profit, stable NIM, and asset quality.

Hit by large scale imports and sharp fall in prices, JSW Steel has reported that its December quarter net profit plunged...
24/01/2025

Hit by large scale imports and sharp fall in prices, JSW Steel has reported that its December quarter net profit plunged 71 per cent to ₹719 crore against ₹2,450 crore logged in the same period last year, largely due to lower realisation.

Hit by large scale imports and sharp fall in prices, JSW Steel has reported that its December quarter net profit plunged to ₹719 crore against ₹2,450 crore logged in the same period last year

InterGlobe Aviation, which operates IndiGo, saw an 18.3 per cent decline in net profit in third quarter FY25 to ₹2,448 c...
24/01/2025

InterGlobe Aviation, which operates IndiGo, saw an 18.3 per cent decline in net profit in third quarter FY25 to ₹2,448 crore on a year on year basis as rupee depreciation offset the gains of strong passenger demand and revenue growth.

InterGlobe Aviation, which operates IndiGo, saw an 18.3 per cent decline in net profit in third quarter FY25 to ₹2,448 crore on a year on year basis as rupee depreciation offset the gains of strong passenger demand and revenue growth.

SmartSoC Solutions, a Bengaluru-based semiconductor design company, aims to hire over 500 employees in FY25, adding to t...
24/01/2025

SmartSoC Solutions, a Bengaluru-based semiconductor design company, aims to hire over 500 employees in FY25, adding to the 1,300-plus it currently has.

SmartSoC Solutions plans to hire 500+ employees, expand globally, and focus on chip design in emerging markets.

“We also believe that there is a need to have another aggregator, which will protect the financial institutions from fra...
24/01/2025

“We also believe that there is a need to have another aggregator, which will protect the financial institutions from fraud,” said M Nagaraju, Secretary, Department of Financial Services (DFS), Ministry of Finance.

Financial institutions need an aggregator like NPCI to protect against rising fraud risks in banking operations.

Bank of India (BoI) reported a robust 35 per cent year-on-year (yoy) increase in third quarter standalone net profit at ...
24/01/2025

Bank of India (BoI) reported a robust 35 per cent year-on-year (yoy) increase in third quarter standalone net profit at ₹2,517 crore on the back strong growth in other income and decline in overall provisions, among others.

Bank of India reports 35% increase in Q3 net profit, strong growth in income, decline in provisions.

Watch |  Government issues notice to Apple over iPhone performance issues
24/01/2025

Watch | Government issues notice to Apple over iPhone performance issues

Centre issues notice to Apple Inc. over iPhone performance issues post iOS 18+ update, following consumer complaints.

Granules India’s net profit declined 6 per cent at ₹117 crore in the third quarter ended December 2024 compared to ₹125 ...
24/01/2025

Granules India’s net profit declined 6 per cent at ₹117 crore in the third quarter ended December 2024 compared to ₹125 crore in the corresponding quarter of previous financial year.

Granules India’s net profit declined 6 per cent at ₹117 crore in the third quarter ended December 2024 compared to ₹125 crore in the corresponding quarter of previous financial year.

"We anticipate banks’ profitability to moderate post FY25 due to net interest margin (NIM) normalisation, and an uptick ...
24/01/2025

"We anticipate banks’ profitability to moderate post FY25 due to net interest margin (NIM) normalisation, and an uptick in credit costs. "

-Saswata Guha, Senior Director, Financial Institutions (banks), Fitch Ratings

Indian banks face profitability challenges due to credit costs, NIM contraction, and competition, with 2025 a critical year for unsecured loans.

The Nuts and Dry Fruits Council (India) has sought rationalisation of walnut import duty on a per-kg basis, reduce GST t...
24/01/2025

The Nuts and Dry Fruits Council (India) has sought rationalisation of walnut import duty on a per-kg basis, reduce GST to 5 per cent from current 18 per cent.The council has also requested increased subsidies for expanding production areas under walnut.

Nuts and Dry Fruits Council seeks lower import duty and GST, aims to boost domestic production and reduce import dependence.

Watch | US President Donald Trump has signed an executive order to form an internal working group on crypto aimed at mak...
24/01/2025

Watch | US President Donald Trump has signed an executive order to form an internal working group on crypto aimed at making America the world capital in crypto. what does this mean for Crypto markets?

President Trump forms crypto working group to make US crypto capital, chaired by David Sacks, evaluating national digital assets stockpile.

Amul reduces milk prices by Re 1 per litre to promote larger pack purchases, effective across India. After the Lok Sabha...
24/01/2025

Amul reduces milk prices by Re 1 per litre to promote larger pack purchases, effective across India. After the Lok Sabha elections concluded, Amul had hiked milk prices by Rs 2 per litre across the country in June 2024.

The Nuts and Dry Fruits Council (India) has sought rationalisation of walnut import duty on a per-kg basis and reduce GS...
24/01/2025

The Nuts and Dry Fruits Council (India) has sought rationalisation of walnut import duty on a per-kg basis and reduce GST to 5 per cent from current 18 per cent.

Nuts and Dry Fruits Council seeks lower import duty and GST, aims to boost domestic production and reduce import dependence.

The water level in the 155 major reservoirs in the country declined for the 12th week in a row this week with the storag...
24/01/2025

The water level in the 155 major reservoirs in the country declined for the 12th week in a row this week with the storage in Punjab’s lone dam dropping below 20 per cent of the capacity.

Water levels in major Indian reservoirs continue to decline due to deficient rainfall, impacting storage capacities across the country.

 : Government issues notice to Apple over iPhone performance issues
24/01/2025

: Government issues notice to Apple over iPhone performance issues

Centre issues notice to Apple Inc. over iPhone performance issues post iOS 18+ update, following consumer complaints.

According to Fitch Ratings, India’s softer economic conditions, tighter   funding and pockets of asset quality weakness ...
24/01/2025

According to Fitch Ratings, India’s softer economic conditions, tighter funding and pockets of asset quality weakness are likely to weigh on credit growth and earnings for some non-bank financial institutions (NBFIs) in the near term.

Fitch Ratings predicts challenges for smaller NBFIs due to regulatory tightening, while larger lenders are expected to perform steadily.

Brokerage Ventura Securities expects Hindustan Zinc to benefit from power cost savings and operating leverage, pushing n...
24/01/2025

Brokerage Ventura Securities expects Hindustan Zinc to benefit from power cost savings and operating leverage, pushing net profit to ₹11,402 crore by FY27. Read to know more.

Brokerage Ventura Securities expects Hindustan Zinc to benefit from power cost savings and operating leverage, pushing net profit to ₹11,402 crore by FY27.

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