Business Archives

Mahindra Lifespace FY24 Results: Profits Dip, Yet Sales Hit Record High at Rs 2,328 Crore

Mahindra Lifespace Developers Ltd has reported a slight decline in consolidated net profit to Rs 97.89 crore during the last fiscal year, attributed to lower income. This is down from Rs 101.43

April 27, 2024

Business

“Domestic Chip Manufacturing: A Potential Market for Mobile Makers with 10-14 nm Chips”

The burgeoning demand for smaller, more efficient chips presents a golden opportunity for domestic fabrication plants in India, particularly in the mobile device industry. With the majority of smartphones requiring chips in

April 27, 2024

Business

India’s Crude Oil Imports Drop 1.1% in March, Russia Tops Supplier List: Government Data

Government data released on Friday revealed a slight decline in India’s crude oil imports for March, down by 1.1 percent compared to the same period last year, totaling 20.69 million metric tonnes.

April 27, 2024

Business

FirstCry Faces Regulatory Hurdles: Withdraws $500 Million IPO Papers Amid SEBI Scrutiny

Indian retailer FirstCry, backed by investors like SoftBank, TPG, and Mahindra and Mahindra, is facing regulatory hurdles as it seeks to go public with a $500 million IPO. The company, known for

April 26, 2024

Business

CRED Set to Revolutionize Payment Checkout: Dynamic Terminals to Boost Merchant Engagement

Fintech leader CRED is poised to revolutionize payment checkout experiences for merchants with the introduction of dynamic terminals, set to roll out later this year. Following successful trials, CRED will deploy these

April 26, 2024

Business

SBI Life Insurance Q4 Results: Profit Rises to Rs 811 Cr, Despite Margin Pressures

SBI Life Insurance has reported its fourth-quarter results, showing a 4.4% increase in profit after tax (PAT) to Rs 811 crore, despite facing challenges in its new business margins. The company’s Value

April 26, 2024

Business

Indian NBFCs Eye Dollar Bonds to Raise Funds Amid Tight Liquidity Conditions

Amid tight liquidity conditions and increasing funding costs in the Indian financial sector, three major non-banking finance companies (NBFCs) are gearing up to tap into the international market with dollar bond issues,

April 26, 2024

Business

India-focused Joint Ventures Expected to Emerge from Entrepreneurs Organization’s Singapore Conference

A significant number of joint ventures and partnerships are on the horizon between Indian entrepreneurs and delegates from 65 countries following the Entrepreneurs Organization’s (EO) conference in Singapore this week. Pankaj Yadava,

April 26, 2024

Business

Tesla’s Future in India: Analysts Optimistic Despite Elon Musk’s Deferred Visit with PM Modi

Despite Tesla CEO Elon Musk deferring his highly anticipated India visit this week, analysts remain bullish on the company’s future prospects in the country’s burgeoning electric vehicle (EV) market. Musk’s postponement of

April 26, 2024

Business·Latest News

USTR Keeps India in IP Watchlist, Cites Patents as Major Concern

The United States Trade Representative (USTR) has upheld India’s position in the ‘Priority Watchlist’, affirming it as one of the world’s most challenging nations concerning the protection and enforcement of intellectual property

April 26, 2024

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