BSNL has posted a net profit of Rs 262 crore for December quarter, marking its return to profitability after almost 17 years, Union Minister Jyotiraditya Scindia said on Friday terming it a “significant turning point” for the state-owned telco that has been focused on expansion of service offerings and subscriber base. BSNL scripted an improvement...
India’s retail inflation slowed to a five-month low in January as food price inflation eased, boosting the odds of another rate cut in the South Asian economy where growth is slowing amid the escalating threat of a global trade war. Annual retail inflation (INCPIY=ECI), opens new tab in January was at 4.31%, lower than economists’ estimate of 4.6% and...
Ratan Tata’s recently opened will has raised eyebrows as a non-family, but close associate has gained ₹500 crore inheritance from the late, beloved industrialist, according to a report by the Economics Times. Mohini Mohan Datta, who hails from Jamshedpur and was the co-owner of Stallion travel agency, which later became a part of Taj Group of...
Swiggy reported on Wednesday that its consolidated losses widened to Rs 799 crore in the December quarter, compared to Rs 574 crore in the same period last year. Revenue from operations for Q3FY25 stood at Rs 3,993 crore, marking a 31% increase from Rs 3,049 crore in the corresponding quarter of the previous financial year....
After having fallen for the past two sessions, Sensex and Nifty opened higher on February 4 tracking gains across Asian markets after the U.S. temporarily halted planned tariffs on Canada and Mexico, easing fears of a full-blown trade war. However, with tariffs on China still set to take effect, volatility remains a key theme. Domestically,...
Gold prices reached a new all-time high of ₹84,900 per 10 grams in the national capital on Friday, driven by strong domestic demand and favorable global factors, according to the All India Sarafa Association. The 99.9% pure gold continued its upward trend for the third consecutive session, rising by ₹1,100 to set the new record at ₹84,900 per 10...
Sky News can exclusively reveal that the Ambani family, who have a fortune estimated to be tens of billions of dollars, triumphed in a live three-way auction conducted by the England and Wales Cricket Board (ECB) on Friday. The price that the Ambanis agreed to pay for the ECB stake was unclear, although sources said...
Bajaj Finance Ltd reported an 18 percent year-on-year (YoY) rise in its consolidated net profit for the third quarter of FY25 at Rs 4,308 crore, surpassing analysts’ estimates, supported by a robust increase in assets under management. A Bloomberg poll of analysts had projected a lower net profit of Rs 4,136 crore. Bajaj Finance’s net...
A tech selloff fuelled by Chinese AI developer DeepSeek wiped off a combined $108 billion from the world’s 500 richest people’s wealth, led by Nvidia Corp. co-founder Jensen Huang. According to Bloomberg data, billionaires with fortunes linked to artificial intelligence emerged as the worst losers. Hunag’s fortune declined by 20% or $20.1 billion while Oracle Corp. co-founder...
India reportedly brought home investments commitments totalling over ₹20 lakh crore from the five-day World Economic Forum Annual Meeting which concluded on Friday, reported news agency Union minister Ashwini Vaishnaw, led the largest ever Indian delegation to the forum, with five Union ministers, three chief ministers and several other state leaders. Vaishnaw said that trust and...