Retail inflation dipped marginally to a nearly six-year low of 3.34 per cent in March due to a decline in prices of vegetables and protein-rich items. The Consumer Price Index (CPI)-based inflation was 3.61 per cent in February and 4.85 per cent in March last year. The inflation rate in March 2025 is the lowest…
The Uttar Pradesh government and Foxconn, the world’s largest electronics manufacturer and a key supplier for Apple, are in discussions to establish a major electronics manufacturing unit in the state. This development aligns with India’s growing prominence as a global hub for electronics production and exports. Foxconn is exploring a 300-acre site along the Yamuna…
Indian Overseas Bank (IOB), a public sector bank headquartered in Chennai, has announced a reduction in its Repo Linked Lending Rate (RLLR) by 25 basis points. This decision comes in response to the Reserve Bank of India’s (RBI) recent move to lower the policy repo rate from 6.25% to 6.00% during its latest Monetary Policy…
Benchmark Sensex surged by 1,310 points, while Nifty closed above 22,900 level on Friday after the US announced suspension of additional tariffs on India for 90 days until July 9 this year. Defying a bearish trend in world markets, the 30-share BSE benchmark Sensex jumped 1,310.11 points or 1.77 per cent to settle at 75,157.26….
Tata Consultancy Services (TCS), India’s largest IT services firm, reported a 1.68% decline in its consolidated net profit for the March 2025 quarter, amounting to ₹12,224 crore. Despite the dip in profit, the company achieved a 5.3% year-on-year growth in revenue, which stood at ₹64,479 crore for the quarter. The results mark the beginning of…
After effecting two back-to-back 25 basis points rate cuts, Reserve Bank Governor Sanjay Malhotra on Wednesday hinted at another reduction in key policy rate by changing the central bank’s monetary stance to ‘accomodative’ from ‘neutral’, which may further lower EMIs for consumers. The bi-monthly monetary policy is scheduled to be announced on June 6. Unveiling…
Samsung India has made significant strides in the room air conditioner market, achieving a 10% market share in the first quarter of 2025. This growth is attributed to the launch of its BESPOKE AI WindFree series, which includes 19 models featuring advanced AI technology for personalized cooling experiences. The company has doubled its sales compared…
Most auto dealers across India brace for an uncertain April dampened by both domestic and global factors. According to the Federation of Automobile Dealers Association (FADA), IMD’s warning of intense heatwaves looms over consumer footfall and infrastructure activity, while renewed tariff tensions on the international stage add market volatility and rattle automobile buyer sentiment. FADA…
Jaguar Land Rover (JLR), owned by Tata Motors, has decided to temporarily halt shipments of its UK-manufactured vehicles to the United States due to the imposition of a 25% tariff on imported cars by the U.S. government. This tariff, announced by President Donald Trump, has created significant challenges for international automakers, including JLR. The tariff,…
India’s services sector experienced a slight moderation in growth during March 2025, as indicated by the HSBC India Services Purchasing Managers’ Index (PMI). The PMI fell to 58.5 from February’s 59.0, signaling a softer expansion in business activity and sales. Despite this dip, the index remained well above the 50-point threshold that separates growth from…
