ONGC to invest Rs 1L cr in 5 years

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Economy grew 7.8% in Q1 despite Iran crisis and El Nino conditions

India's economy recorded impressive growth of 7.8% during the April to June quarter, driven by a thriving manufacturing sector and a strong services industry. Domestic demand surged, bolstered by significant increases in investment and exports. Reflecting this positive trend, the government has upgraded growth projections for prior financial years, showcasing the economy's robust resilience in the face of global challenges.

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CEO’s exit to end uncertainty at HDFC

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From sweet to sour crude: India’s bitumen supply improves, but prices remain elevated

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US-Venezuela energy pact: What we know about Trump’s ‘biggest oil deal in world history’

In a landmark move, the United States and Venezuela have forged a 25-year energy partnership designed to uplift Venezuela's ailing oil sector and enhance production capabilities. Under this agreement, rights to unexplored oil reserves will be held for a century, with the U.S. claiming fifty-five percent of the new venture's output. This collaboration promises to inject significant investments and generate tax income for Venezuela.

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Union, Canara Bank to appeal NCLT's Chandra order

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Passed over in 2020, Bharucha likely to succeed Jagadishan

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Months after HDFC Bank chair quit, CEO says won’t stay beyond Oct

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Pvt cos' Q1 sales accelerate but costs drag profit growth

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Gaana, Fenix360 tie up to boost engagement

Streaming changed how the world listens to music. But for a long time, the relationship between artists and fans has largely stopped at the play button. Discovery happens on one platform, community happens on another and monetisation happens somewhere else if it happens at all. This partnership aims to close that gap. The wider ecosystem will also introduce new monetisation opportunities for artists.

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Centre goes all-out to woo Japanese companies for investment

India, officials said, is seen to be a reliable player, which has a democracy and rule of law, in addition to a large and growing market. The pitch is also that a base in India will also help tap the large talent pool as well as traditional trade relations with West Asia and Africa, which also boasts of a large Indian diaspora.

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HDFC shares drop 2% over CEO uncertainty, legal woes

HDFC Bank CEO Sashidhar Jagdishan’s tenure is set to expire on Oct 26. “There are just 2 months left and there is still no clarity about his extension/renewal. Markets have been worried about succession issues at HDFC Bank for some time now, as a result of which the stock has been weak,” said Suresh Ganapathy, an analyst with Macquarie.

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Maharashtra tops car, CV sales in Q1; UP leads in 2&3-wheelers

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JSW and SAIC discuss capital infusion to scale MG capacity

Tomahawk, the first MG SUV on the multi-powertrain ADAPT platform, will anchor the C-SUV strategy for seven-eight years, while Windsor anchors SUV-B. Both models are targeted to reach 70% localisation by 2027, with localisation rising 2-3 percentage points monthly. Jindal declined to say whether the additional funding by shareholders in MG Motor would alter the shareholders’ stakes.

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Businesses concerned over India, Japan trade deal: Ficci president Anant Goenka

The comments came a day after commerce and industry minister Piyush Goyal’s nudge to Japanese steel makers to source products from India, wherever it was available. Goenka also flagged challenges faced by pharma companies in registering their products in Japan. “That issue was raised as well, this is a challenge that is there… Pharma companies cannot even register their products yet in Japan.”

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Trump admin set to revoke up to 2 lakh visas in historic crackdown

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Stocking, speculation behind ‘unnatural’ sugar price surge: ISMA

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Trump’s ‘Operation Economic Outcast’ against Iran: What sanctions threat could mean for India

The Donald Trump administration said on Monday that the new US sanctions are intended to shut off every potential source of revenue for Iran, while warning other countries that continuing their economic ties with Tehran could expose them to retaliation.

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Cost pressure: Carmakers see strong sales but lower profits

Rising Commodity Prices, Adverse Forex Movements Take Toll

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India projected to surpass China in affluent consumers by 2036 : Report

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Onion prices surge; Centre to roll out Kanda Express from Monday

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Govt to tighten vehicle lighting rules: Low-beam-only bikes, reduced headlamp glare

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US FTA proposal: What are the '3 American demands' that became deal breaker for Canada

In a significant turn of events, Canada has halted trade negotiations with the United States due to unresolved disagreements. Three critical demands from the US regarding Canada's auto industry and trade agreements proved too contentious. Additionally, restrictions concerning language and culture were deemed unacceptable. As a result, both nations are now enacting retaliatory tariffs on each other's products.

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'Masters in our own home': Canada PM Carney explains why trade talks with US were suspended

Canada has halted trade negotiations with the United States due to perceived inequities in demands, leading to the US imposing hefty tariffs on Canadian exports. In response, Canada has unveiled countermeasures to address these tariffs. Prime Minister Carney criticized the US for its unreasonable requests while providing insufficient concessions. This escalation raises alarms about the future of economic collaboration between the two nations.

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Luxury sales plunge in China as tax push hits rich shoppers

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Collections under RBI's dollar swap scheme exceed $72.8 billion

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PM Modi meets 20 space startup CEOs, urges wider use of space tech for public benefit

India Expecting Growth In Space Sector From $8 bn to $44 bn by 2033: INSPACe head

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HDFC Bank raises record $1.8 billion via dollar bond issue

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61.5% of women taking up G RAM G work shows positive indicator of rural livelihoods

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US-Iran war brings Air India Group's international carriage down 35%, IndiGo's 15.4%

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For 1st time in a decade, India to import 10 lakh tonnes of sugar

Faces Possible 20% Decline In Opening Stock Of Sweetener

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Oil price today: Crude remains above $90 as Hormuz operations remain disrupted

Oil prices have settled at elevated levels, staying above ninety dollars per barrel. Investors are weighing the unpredictable US-Iran situation and the potential impacts on shipping routes through the Strait of Hormuz. While intermittent Middle East assaults bolster market sentiment, the absence of further escalations keeps a lid on price surges. Additionally, the UAE's suspension of financial transactions with Iran has raised regional tensions.

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It’s a first for Tata Sons: AGM adjourned for lack of quorum

Regulatory Action Deprives Holdco From Transacting Biz

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Today’s Tata Sons AGM likely to be adjourned; board meets mid-Sept

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Tata Power, IIT Bombay ink long-term clean energy research pact

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JP Morgan targets bigger M&A role

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Before Chandrasekaran's exit, he and Noel Tata separately briefed govt on rift, concerns

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From GST reform to GCCs: How India can become a $20 trillion economy by 2036

India could reach a $20 trillion economy by 2036 with reforms. Services will drive this expansion, contributing over 65% of the GDP. A 20-step reform agenda targets taxes and capital markets for efficiency. Global capability centers and tourism offer significant growth opportunities. Successful execution of these measures is crucial for achieving the target.

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India’s engineering exports surge to $13.77 billion, Niti Aayog calls for regulation

Over the past decade, India's engineering services exports have skyrocketed, registering a remarkable compound annual growth rate of 22.8 percent. Despite this impressive growth, the sector currently suffers from a lack of a robust regulatory framework. Niti Aayog has proposed the establishment of a central statutory framework specifically for construction and infrastructure engineers, as well as the inclusion of architects and engineers as allied professionals in this initiative.

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Berkshire Hathaway reshuffles portfolio, raises Alphabet and homebuilder stakes

Berkshire Hathaway is undergoing a notable transformation in its investment approach. The company has notably augmented its investments in Alphabet and US homebuilders, while simultaneously diminishing its stakes in various financial firms and other stocks. Additionally, Berkshire has completely divested from Constellation Brands within the quarter, indicating a thoughtful reallocation of its investment portfolio.

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Now, tax amnesty for undisclosed foreign assets

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With $52.3 billion raised, FCNR(B) scheme to close a month early

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Tata Trusts kicks off process to pick Chandrasekaran’s successor

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‘Rs 29,000 cr challenge’: Tata Sons’ new chief needs to deal with 3 major cash losers

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Food prices push up retail inflation to 4.45% in July

Food Inflation Rises To 5.52% From 5.32% A Month Ago

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Who next? Tata Steel MD’s name does the rounds after Chandrasekaran steps down

'Not prepared', P 26

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4G phones get a lifeline as entry-level 5G prices rise

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Govt: No policy stops airports from taking airline stakes

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West Asia war fallout: Oil product exports find many new markets

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SpaceX retail investors turn net sellers for first time since IPO; offload $4.5 million worth of shares

Retail investors turned into net sellers of SpaceX shares as of August 7, marking the end of a buying frenzy. This change coincided with a stock price recovery, indicating that individuals may be taking profits. The shares have struggled post-IPO, dropping beneath the initial offering price. Investors who were hopeful at the launch might now be looking to reduce their losses, even amidst a slight recovery in recent days.

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