JSW Steel Achieves Record Q2 Output as Vijaynagar Unit Reaches 90% Capacity Utilization

India’s largest steelmaker, JSW Steel, reported a massive 225.5 percent surge in consolidated net profit for the second quarter of the current financial year, reaching ₹5,359 crore compared to ₹1,646 crore in the same period of the previous year. This remarkable growth was driven by higher sales volumes and stronger pricing realisations. The company registered…

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L’Oréal Adapts Skincare Portfolio to Address Facial Volume Loss from Popular Obesity Drugs

The widespread adoption of GLP-1 weight-loss medications is increasingly reshaping consumer behavior within the global beauty and cosmetics industry, prompting major manufacturers to adapt their product portfolios. L’Oréal CEO Nicolas Hieronimus highlighted during an investor call following the release of the company’s third-quarter financial results for the period ending September 30 that the surge in…

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Reliance Responds to Criticism Over Satellite Internet Launch Delays in India

Reliance Industries has firmly rejected recent criticism from billionaire Elon Musk regarding delays in launching his Starlink satellite internet service in India, asserting that the country’s robust regulatory framework treats both domestic and foreign enterprises with absolute equality. In a formal statement addressing remarks made about the Indian market and Reliance, the company emphasized that…

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World Bank Group Mobilizes $36 Billion in India Over Four Years to Boost Private Sector-Led Growth and Job Creation

The World Bank Group has successfully helped mobilize $36 billion in private capital for development across India over the past four years, including a substantial $9.6 billion dedicated specifically to supporting Micro, Small and Medium Enterprises as part of an intensified strategic effort to spur private sector-led growth and foster robust job creation, with private…

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RBI Determined to Ensure Orderly Forex Movement Amid Rupee Volatility

Reserve Bank of India (RBI) Governor Sanjay Malhotra emphasized the intrinsic link between price stability and financial stability, stating that price stability cannot be achieved without a sound financial system to enable effective monetary policy transmission. In an interview with Moneycontrol conducted amid ongoing pressure on the Indian rupee, Malhotra clarified that while the RBI…

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TCS Dismisses US Green Card Restrictions Impact, Pivots Workforce Toward AI Capabilities

India’s largest IT services firm, Tata Consultancy Services (TCS), expects minimal operational impact from recent US government restrictions on key green card application programs. Chief Executive Officer K Krithivasan indicated that immigration actions are driven primarily by domestic employment considerations rather than targeted discrimination against companies based on their domicile. Highlighted by its low dependence…

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Sibling Rivalry Emerges in TVS Family as Lakshmi Venu Seeks Fair Settlement

Internal ownership tensions have surfaced within the Venu Srinivasan branch of the historic 115-year-old TVS industrial group, as a family dispute emerges between siblings Lakshmi Venu and Venu Sudarshan over asset division and financial rights following the broader 2020 family partition. Venu Srinivasan, the grandson of founder T.V. Sundaram Iyengar, chairs TVS Motor Company and…

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All Three Satcom Players at Same Regulatory Stage, Telecom Ministry Clarifies

Bharti Airtel Chairman Sunil Bharti Mittal has firmly dismissed allegations made by billionaire Elon Musk claiming that his satellite communication venture, Starlink, is being deliberately blocked in India by domestic oligarchs attempting to preserve market monopolies, pointing out that even his own backed satcom enterprise, Eutelsat OneWeb, alongside Jio Satcom, remains similarly positioned and is…

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L&T Expands Global Power Infrastructure Footprint With ₹10,000-Crore Orders

Larsen & Toubro (L&T) has secured multiple engineering, procurement and construction (EPC) orders worth around ₹10,000 crore for its Power Transmission & Distribution (PT&D) business, strengthening its position in India and international power infrastructure markets. The new contracts span Saudi Arabia, the United Arab Emirates and India, with a strong focus on expanding transmission capacity,…

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