Gradual recovery in developed markets, focus on key products boost export prospects for 2025
New Delhi: India’s growing capabilities in high-value sectors like machinery and electronics are supporting the country’s exports, amid global uncertainties caused by conflicts, and the gradual economic recovery in developed markets offers improved growth prospects for the Indian exporting community in 2025. Trade experts suggest that if the new US administration imposes higher tariffs on […]
PSU banks to cross Rs 1.5 lakh cr profit in FY’25, low deposit mobilisation concern
New Delhi: Low NPAs and double-digit credit growth are expected to drive profits of public sector banks past the Rs 1.5 lakh crore milestone in 2024-25. PSBs reported a 25 per cent jump in their total net profit to Rs 85,520 crore in the first half of 2024-25 compared to Rs 68,500 crore in H1’FY23 […]
Coal exchange on anvil, work underway to raise output to meet demand
New Delhi: The coal sector is likely to witness a spate of activities in the upcoming year from launching maiden coal exchange to facilitating trading and rate determination of dry-fuel to meet the booming demand of the economy. The government also intends to work more closely in the area of coal gasification as it is […]
Leo Puri appointed Fortis Healthcare Chairman
New Delhi: Fortis Healthcare Ltd on Friday announced the appointment of Leo Puri as the Chairman of its Board of Directors. Puri, who is an independent and non-executive director assumes the role with effect from December 27, 2024, Fortis Healthcare Ltd said in a regulatory filing. He will play a crucial role in guiding Fortis […]
NBCC gets Rs 300-cr work order in Varanasi, Rs 44-cr contract at AIIMS Gorakhpur
New Delhi,: State-owned NBCC has bagged a Rs 300-crore contract to develop a commercial complex in Varanasi, Uttar Pradesh. In a regulatory filing on Friday, the company said it has secured a Rs 300-crore order for “development of Jawaharlal Nehru Commercial Complex (JLNCC), Englishya Lines, Varanasi on self-sustainable model”. The company got the contract from […]
Air India to see progress on key initiatives in 2025; working towards profitability: CEO Wilson
New Delhi: Air India will see progress on various key initiatives, including refitting of wide body and narrow body planes, in 2025 as well as tighten practices and processes to ultimately become profitable, the airline’s chief Campbell Wilson said on Friday. After taking over the loss-making Air India from the government in January 2022, Tata […]
Sanathan Textiles shares debut with premium of over 31 pc
New Delhi: Shares of yarn manufacturer Sanathan Textiles Ltd listed with a premium of over 31 per cent against the issue price of Rs 321 on Friday. The stock started the trade at Rs 419.10, up 30.56 per cent from the issue price on the BSE. It later surged 31.66 per cent to Rs 422.65. […]
India has lost one of its tallest leaders, finest economists: K M Birla
New Delhi: India has lost one of its tallest leaders and finest economists with the death of former Prime Minister Manmohan Singh, Aditya Birla Group Chairman Kumar Mangalam Birla said on Friday. Mourning the death of Singh, Birla said over several decades in public life, his intellect, wisdom, and humility stood as exemplars, leaving an […]
UltraTech to acquire 8.69 pc in Star Cement from promoters in Rs 851-cr deal
New Delhi, Leading cement producer UltraTech Cement on Friday announced the acquisition of a minority stake of 8.69 per cent from the promoters of Meghalaya-based Star Cement in a deal worth up to Rs 851 crore. Star Cement, having an installed capacity of 7.7 MTPA (million tonnes per annum), has a presence in the markets […]
Singh’s contributions as architect of India’s economic reforms have left indelible mark: RBI Governor
New Delhi: Manmohan Singh’s contributions as the architect of India’s economic reforms have left an indelible mark, RBI Governor Sanjay Malhotra said on Friday as he paid tribute to the departed soul. Singh, the former prime minister and finance minister, also served as the RBI governor between 1982 and 1985. “I am deeply saddened on […]
