Economy news

• A wealth management firm owned by a Tata Sons executive’s family was once listed as a group company

  15-04-2025 14:32 via timesofindia.indiatimes.com
  
  A wealth management firm linked to a Tata Sons executive faces scrutiny over potential conflicts of interest. Divinion Advisory Services, connected to Suprakash Mukhopadhyay's family, was initially listed as a Tata Group company, raising questions about its relationship with the conglomerate. The firm, staffed by ex-Tata executives, settled a case with Sebi for securities law violations, further intensifying the controversy.
  
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• Electric Ok Please: Centre eyes e-truck sops

  25-04-2025 05:13 via timesofindia.indiatimes.com
  
  The Indian government is actively considering incentives like lower interest rates and toll waivers to promote the adoption of electric trucks, particularly on priority routes such as Delhi-Chandigarh and Mumbai-Pune. This initiative, part of the PM e-Drive program, aims to replicate the success seen with electric two-and three-wheelers.
  
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• Top stocks to buy today: Stock recommendations for April 25, 2025 - Lemon Treel Hotels & Electrosteel Castings

  25-04-2025 04:47 via timesofindia.indiatimes.com
  
  Stock market recommendations: Bajaj Broking Research suggests a positive outlook for the Indian stock market, highlighting Lemon Tree Hotels and Electrosteel Castings as top picks. Nifty is expected to reach 24,550 and potentially 24,850, while Bank Nifty aims for 56,800.
  
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• ‘Adani co redirected QIP funds for smart meters to transmission’

  25-04-2025 04:41 via timesofindia.indiatimes.com
  
  Adani Energy Solutions, formerly Adani Transmission, diverted funds from its Rs 8,873 crore QIP, according to a CARE report. While the company allocated funds for smart meters, a portion was redirected to transmission systems, exceeding planned expenditure by Rs 175 crore.
  
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• HP looks to double down on PC production in India

  25-04-2025 04:40 via timesofindia.indiatimes.com
  
  HP is expanding its manufacturing presence in India, driven by the government's PLI scheme and a growing domestic consumer base. The company doubled its output last year and plans further increases in desktop and laptop production.
  
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• Government open to some duty-free US auto imports like 1,600cc bikes

  25-04-2025 04:29 via timesofindia.indiatimes.com
  
  The Indian government is considering offering duty-free access to specific US automobiles, including bikes with large engines, contingent on securing a favorable bilateral trade agreement. This potential concession, possibly with quotas, aims to address US pressure to lower tariffs on automobiles, whiskey, and farm products.
  
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• Tech Mahindra records flat revenue growth in FY25

  25-04-2025 04:26 via timesofindia.indiatimes.com
  
  Tech Mahindra experienced flat growth in constant currency for both the March quarter and the entire fiscal year 2025. CEO Mohit Joshi attributed the stagnant revenue to deal closure delays in the hi-tech sector and a softer economic climate. Strategic decisions to reduce non-core and loss-making businesses also contributed to the flat revenue.
  
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• All CGHS Services Including Wellness Centres To Remain Closed Tomorrow 26 April 2025 Due To…

  25-04-2025 04:23 via zeenews.india.com
  
  From 28th April 2025, the old CGHS websites  www.cghs.gov.in and  www.cghs.nic.in will be decommissioned. Check new website links below.
  
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• Axis Bank profit growth flat in March quarter

  25-04-2025 04:19 via timesofindia.indiatimes.com
  
  Axis Bank reported a stable performance for the quarter ended March 2025, with a net profit of Rs 7,117 crore, nearly unchanged from the previous year. Despite higher interest income and loan growth, the bank's consolidated net profit saw a slight decrease of 1.6% year-on-year. The bank's FY25 performance reflects disciplined expense management and a stable operating environment.
  
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• Databricks to invest $250mn in India

  25-04-2025 04:02 via timesofindia.indiatimes.com
  
  Databricks, a US-based data and AI firm, is set to inject $250 million into India over the next three years. This significant investment aims to boost innovation through enhanced training programs, research and development initiatives, and expanded go-to-market strategies.
  
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• Ex-FAA chief joins IndiGo’s board

  25-04-2025 03:56 via timesofindia.indiatimes.com
  
  IndiGo, signaling its ambition for global expansion, has appointed Michael Whitaker, the former head of the Federal Aviation Administration (FAA), as an independent director. This appointment marks Whitaker's return to InterGlobe Enterprises, IndiGo's parent company. His expertise is expected to guide the airline's strategic moves in the international aviation market, enhancing its growth and reach.
  
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• HUL revenue up 2% in Q4 amid dull demand

  25-04-2025 03:50 via timesofindia.indiatimes.com
  
  Hindustan Unilever (HUL) anticipates a revival in consumer goods demand, fueled by positive macro factors like a normal monsoon, tax relief, and lower inflation. CEO Rohit Jawa remains optimistic about increased disposable incomes boosting both rural and urban consumption.
  
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• KFC operator buys BiryaniByKilo co

  25-04-2025 03:49 via timesofindia.indiatimes.com
  
  Devyani International, a major player operating KFC, Pizza Hut, and Costa Coffee franchises, announced its plan to acquire up to 80.7% stake in Sky Gate Hospitality for ₹419.6 crore. This acquisition will bring popular brands like Biryani By Kilo, Goila Butter Chicken, and The Bhojan under Devyani International's umbrella, expanding its portfolio in the food and beverage sector.
  
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• Canara, Indian Bank trim home, vehicle loan rates

  25-04-2025 03:44 via timesofindia.indiatimes.com
  
  Canara and Indian Bank have reduced their repo-linked lending rates (RLLR) by 25 basis points, aligning with the RBI's efforts to make home and vehicle loans more affordable. Indian Bank has decreased its home loan interest rates to 7.90% and vehicle loan rates to 8.25%. Canara Bank also announced a reduction, with housing loans now starting at 7.90%.
  
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• Airtel seeks swap of dues to government with equity like Vi

  25-04-2025 03:37 via timesofindia.indiatimes.com
  
  Bharti Airtel has reportedly asked the government to exchange its statutory debts for equity. The company owes the government over Rs 70,000 crore. This includes around Rs 40,000 crore in AGR dues. Airtel believes this move will save cash. It will also allow the government to invest in a growing company. The government previously used this method with Vodafone Idea.
  
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• Good News For Canara Bank Home, Auto Loan Borrowers; Lending Rates Reduced By...

  25-04-2025 03:32 via zeenews.india.com
  
  Canara bank has reduced its Repo Linked Lending Rate (RLLR) by 25 basis points, following RBI's recent decision to slash key interest rates. 
  
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• CBDT: Can’t claim deductions for settlement under 4 laws

  25-04-2025 03:28 via timesofindia.indiatimes.com
  
  The income tax department has announced that taxpayers cannot claim deductions for expenses related to settling legal proceedings under four specific laws. This notification, issued by the CBDT on April 23, disallows deductions for expenditures arising from contraventions or defaults under acts governing securities, contracts, depositories, and competition.
  
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• NSE Pledges Rs 1 Crore To Next Of Kin Of Pahalgam Terror Attack Victims

  25-04-2025 03:18 via zeenews.india.com
  
  Ashish Chauhan, Managing Director and CEO of NSE, said the exchange stands in solidarity with their families during this difficult time.
  
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• LIC Announces Relaxations For Victims Of Pahalgam Terror Attack; To Fast-track Claim Settlement

  25-04-2025 03:09 via zeenews.india.com
  
  LIC said that all efforts will be taken to ensure that the claimants are reached out and claims are settled expeditiously to the affected families.
  
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• ED detains BluSmart's Puneet Jaggi

  25-04-2025 02:36 via timesofindia.indiatimes.com
  
  Puneet Jaggi, a promoter of Gensol Engineering, has been detained by the Enforcement Directorate. He will be questioned about alleged FEMA violations. The probe focuses on potential fund diversions for foreign exchange acquisition. Searches occurred in Delhi, Gurgaon, and Ahmedabad. Anmol Jaggi, his brother, is expected to be summoned soon.
  
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• Tech Mahindra announces Rs 45 per share dividend as FY25 profit soars 80%

  24-04-2025 18:48 via timesofindia.indiatimes.com
  
  Tech Mahindra's net profit soared 80% in FY25, reaching Rs 4,251.5 crore, prompting a final dividend of Rs 30 per share, bringing the total to Rs 45. The company's Q4 net profit rose 76.5% to Rs 1,167 crore, driven by a one-time tax benefit and reduced asset impairment, despite a slight revenue increase and headcount reduction.
  
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• This NCR locality leads with 98% price jump in 5 years — Check how property prices fared

  24-04-2025 17:39 via timesofindia.indiatimes.com
  
  NCR's real estate market is experiencing a significant resurgence, marked by an 81% surge in residential property prices between 2020 and 2025. Greater Noida leads with a 98% price appreciation, followed by Noida and Gurugram. Declining unsold inventory and a shift towards premium housing indicate strong buyer confidence and investment potential, fueled by infrastructure developments and emerging corridors.
  
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• Axis Bank’s Q4 Profit Falls 1.63%; Declining Margins, Rising Costs Weigh On Performance

  24-04-2025 17:09 via zeenews.india.com
  
  The bank’s board also decided to increase the borrowing limit to Rs 3 lakh crore.
  
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• SBI Q4 Results Announcement On THIS Date; Board To Meet Soon – All You Need To Know

  24-04-2025 16:59 via zeenews.india.com
  
  In a filing submitted on April 24, 2025, SBI informed the stock exchanges about its upcoming board meeting. 
  
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• S&P 500, Dow Jones reflect investors caution as trade deal hopes stay murky

  24-04-2025 15:51 via timesofindia.indiatimes.com
  
  US stocks surged on Thursday, fueled by robust corporate earnings that boosted investor confidence despite ongoing trade tensions. The S&P 500 neared its all-time high, while the Dow and Nasdaq also saw significant gains. ServiceNow and Hasbro stood out with impressive results, while concerns about trade policies and economic uncertainty persist, creating market volatility.
  
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• ‘Very close’: India may be first to sign trade pact, says US treasury secy

  24-04-2025 14:35 via timesofindia.indiatimes.com
  
  India may soon be the first nation to strike a bilateral trade deal with the US under President Trump's reciprocal tariff policy, according to US Treasury Secretary Scott Bessent. Negotiations are reportedly near a breakthrough, facilitated by India's relatively low tariffs and minimal trade barriers.
  
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• India's Domestic Air Passenger Traffic Up 11.3% At 148.8 Lakh In March, Outlook Stable

  24-04-2025 13:43 via zeenews.india.com
  
  The domestic air passenger traffic for March has been estimated at 148.8 lakh, higher by 11.3 per cent on an annual basis, a report said on Thursday.
  
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• Safety Assessment Rating For Trucks, Heavy Vehicles On Lines Of Bharat NCAP Soon: Gadkari

  24-04-2025 13:35 via zeenews.india.com
  
  The Ministry of Road Transport and Highways is planning to launch safety assessment rating for trucks and heavy commercial vehicles on the lines of Bharat NCAP (New Car Assessment Programme).
  
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• Musk Damaged Tesla's Brand In Just Few Months, Fixing It Will Likely Take Longer

  24-04-2025 13:10 via zeenews.india.com
  
  Elon Musk has been called a Moonshot Master, the Edison of Our Age and the Architect of the Future, but he's got a big problem at his car company and it's not clear he can fix it: damage to its brand.
  
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• Indian Stock Market Ends Lower On Profit Booking After 7-Day Bull Rally

  24-04-2025 12:57 via zeenews.india.com
  
  The Sensex opened slightly lower at 80,058 and briefly touched a high of 80,174 in early trade.
  
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