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GLOBAL NEWS | Tue, 13 May 2025, 10:00PM IST The service is part of a major push to find paying customers for the networks journalism.

Continue reading at The New York Times

7m

INDIA BUSINESS | Tue, 13 May 2025, 9:49PM IST Departures come as Flipkart gears up for a $60-70 billion IPO and expands its quick-commerce play against rivals like Blinkit, Swiggy Instamart, and Zepto

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17m

INDIA BUSINESS | Tue, 13 May 2025, 9:48PM IST The company has declared a final dividend of Rs. 65 per equity share. Including the interim dividend of Rs. 100 per share, the total dividend for FY25 amounts to Rs. 165 per equity share, representing a payout of 8,250%.

Continue reading at The Hindu

18m

INDIA BUSINESS | Tue, 13 May 2025, 9:47PM IST Export surge and electric scooter demand lift Hero MotoCorp's FY25 profit by 16.9 per cent to 4,376 crore, even as domestic sales show modest growth

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19m

INDIA BUSINESS | Tue, 13 May 2025, 9:46PM IST Tata Motors anticipates a strong rebound in electric passenger vehicle sales this fiscal year, driven by new models like the Harrier.ev and Sierra.ev, alongside enhancements to existing vehicles. Despite a 10% sales dip in FY25, attributed to reduced fleet sales after the FAME II subsidy withdrawal, the company aims to regain momentum.

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20m

INDIA BUSINESS | Tue, 13 May 2025, 9:44PM IST Tata Motors expects its electric passenger vehicle sales to bounce back strongly this fiscal on the back of new models and product interventions after witnessing about 10 per cent decline in sales in FY25, its group CFO PB Balaji said on Tuesday. The company is lining up to launch Harrier.ev this fiscal and Sierra.ev subsequently, besides multiple interventions on existing cars to boost EV sales, he said in an earnings call. "We sold about 65,000 units (of EVs) this year (FY25), which was about 10 per cent lower than what we sold last year (FY24)," Balaji said, adding that the decline in the company's EV sales were mainly due to a drop in fleet sales on account of withdrawal of FAME II subsidy and some of the fleet operators also getting into a few challenges. He said fleet sales as a portion of total EVs sold have come down, and Tata Motors is working on how to reverse it. He further said, "We are getting the momentum back in terms of numbers, and we hope to do pretty strongly in

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22m

GLOBAL NEWS | Tue, 13 May 2025, 9:43PM IST Robyn Denholm sold Tesla stock in recent months while Elon Musk, the chief executive she oversees, worked for President Trump and alienated many car buyers.

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23m

GLOBAL NEWS | Tue, 13 May 2025, 9:38PM IST The chief executive of Carvana, which sells used cars online, said President Trumps tariffs could help his company by increasing demand for its vehicles.

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28m

GLOBAL NEWS | Tue, 13 May 2025, 9:37PM IST She was a writer and a top editor at publications as diverse as The Nation, Vogue and Entertainment Weekly. She also helped found Grand Street and reboot Vanity Fair.

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29m

INDIA BUSINESS | Tue, 13 May 2025, 9:31PM IST Telecom Regulatory Authority of India introduces a draft manual. This manual aims to rate buildings for digital connectivity. Ratings will be based on factors like wi-fi and mobile network availability. The goal is a transparent assessment system. Better ratings could attract more users and investors. Stakeholders can share feedback by June 2 and counter-comments by June 9.

Continue reading at Economic Times

35m

INDIA MARKET | Tue, 13 May 2025, 9:19PM IST Aditya Birla Capital, a non-deposit-taking non-banking financial company (NBFC), on Tuesday reported a consolidated profit of Rs 865 crore for three months ended on March 31, 2025. This marks a 6 per cent year-on-year growth when adjusted for one-off gains from the sale of shares in its asset management business through an OFS in the fourth quarter of FY24.

Continue reading at Economic Times

47m

INDIA BUSINESS | Tue, 13 May 2025, 9:16PM IST The Competition Commission of India on Tuesday approved IPO-bound Knowledge Realty Trust's acquisition of several entities affiliated with private equity major Blackstone and Bengaluru-based Sattva Group. Knowledge Realty Trust (KRT) is sponsored by real estate company Sattva Group and Blackstone. "The proposed combination comprises of direct and indirect acquisition by the Knowledge Realty Trust, acting through its manager, Knowledge Realty Office Management Services, formerly known as Trinity Office Management Services (acquirer REIT), of certain entities, some of which inter-alia belong to the Blackstone Group, some belonging to the Sattva Group and remaining held jointly controlled by Blackstone and Sattva Group," the regulator said in a release. Knowledge Realty Office Management Services is a Sebi-registered REIT engaged in the business of owning and/or operating a portfolio of rent or income-generating real estate assets and related income-generating assets. "Competition ...

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51m

GLOBAL NEWS | Tue, 13 May 2025, 9:14PM IST G.O.P. leaders are exploring cuts to federal aid, leaving some states fearful that their budgets cannot absorb billions of dollars in new costs.

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52m

INDIA MARKET | Tue, 13 May 2025, 9:14PM IST The official in question, who has not been named, was expelled for activities 'not in keeping with his official status'

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52m

INDIA BUSINESS | Tue, 13 May 2025, 9:07PM IST Air India is now using Mongolian airspace for some North America flights from Delhi. This is to reduce costs after Pakistan closed its airspace last month. Some flights will also make a technical stop in Kolkata. The airline is exploring options to cut flying time and expenses. These changes affect flights to cities like San Francisco and Vancouver.

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59m

GLOBAL NEWS | Tue, 13 May 2025, 9:06PM IST German companies invest more than three times as much in the United States as American companies do in Germany, but they are starting to rethink that strategy.

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1h

GLOBAL NEWS | Tue, 13 May 2025, 9:02PM IST Pandora, the Danish jewelry company, said it was battle ready, with plans to raise prices and reroute shipments from the United States, but tariffs could potentially cost it millions of dollars.

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1h

INDIA NEWS | Tue, 13 May 2025, 9:01PM IST India annually imports around 300,000-500,000 tonnes of apples from nearly 40 countries across the globe, and Turkiye is one of them

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1h

INDIA BUSINESS | Tue, 13 May 2025, 9:00PM IST SoftBank posts 1.15 trillion FY25 profit but reports 561.7 bn loss in SVF2 due to share declines in Indian bets Ola and Swiggy, which fell nearly 40 per cent

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1h

INDIA BUSINESS | Tue, 13 May 2025, 8:57PM IST Gas major GAIL eyes expansion in US LNG sourcing as Q4FY25 net profit stays flat at 2,492 crore; receives five proposals tied to equity stakes and long-term supply

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1h

INDIA BUSINESS | Tue, 13 May 2025, 8:57PM IST Metropolis Q4 profit dips due to one-off costs from acquisitions; FY25 profit rises 13.4% on demand for preventive testing and strong B2C, B2B growth

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1h

INDIA MARKET | Tue, 13 May 2025, 8:57PM IST U.S. crude oil futures climbed more than $1 a barrel on Tuesday as the White House announced Saudi Arabia's plans to invest $600 billion in the United States.

Continue reading at Economic Times

1h

GLOBAL NEWS | Tue, 13 May 2025, 8:52PM IST The chief executive of Carvana, which sells used cars online, said President Trumps tariffs could help his company by increasing demand for its vehicles.

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1h

INDIA MARKET | Tue, 13 May 2025, 8:52PM IST Sebi proposes easing norms for FPIs investing solely in Indian government bonds via VRR and FAR, with relaxed KYC and disclosure rules amid global index inclusion

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1h

GLOBAL NEWS | Tue, 13 May 2025, 8:52PM IST Slate Auto, a start-up backed by Jeff Bezos, plans to sell a small, spartan electric truck that comes with no paint, stereo or touch-screens.

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1h

INDIA BUSINESS | Tue, 13 May 2025, 8:50PM IST The National Company Law Tribunal has postponed the hearing on Bhushan Power & Steel's case. Sanjay Singhal, the former promoter, filed a petition. He seeks enforcement of a Supreme Court order. The order quashed JSW Steel's resolution plan. The court directed liquidation of Bhushan Power & Steel. Solicitor General Tushar Mehta suggested hearing all stakeholders.

Continue reading at Economic Times

1h

INDIA NEWS | Tue, 13 May 2025, 8:46PM IST The Ministry of External Affairs in Tuesday announced that Indian government has declared a Pakistani official, working at the Pakistan High Commission in New Delhi, persona non grata for indulging in activities not in keeping with his official status in India. The official has been asked to leave India within 24 hours. Charge d Affaires, Pakistan High Commission, was issued a demarche to this effect today, said MEA's official statement. Operation Sindoor was launched by the Indian Armed Forces in the early hours of May 7, targeting nine terror sites in Pakistan and Pakistan-occupied Jammu and Kashmir (PoJK).This operation was a retaliatory response to the April 22 terror attack in Pahalgam, Jammu and Kashmir, in which 26 civilians, including one Nepali national, were killed.On Saturday, Foreign Secretary Vikram Misri confirmed that Pakistan's Director General of Military Operations contacted his Indian counterpart. The two sides agreed to halt all military actions, on land, at sea, and in the air, effective from 5 pm.Misri noted that instructions have been issued to enforce the ceasefire, with another round of DGMO-level talks scheduled for May 12 at noon.However, hours after both countries agreed to stop all firing and military action on land, in the air, and sea, reports came of Pakistan violating the cessation of hostilities with India's air defence intercepting Pakistani drones amid a blackout in Srinagar.Red streaks were seen and explosions heard as India's air defence intercepted Pakistani drones amid a blackout in Udhampur. A blackout was also enforced in Pathankot and Ferozepur in Punjab and Jaisalmer and Barmer in Rajasthan.At a special briefing, Foreign Secretary Vikram Misri said India takes "very serious note of these violations". India called upon Pakistan to take appropriate steps to address these violations and deal with the situation with seriousness and responsibility.

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1h

INDIA MARKET | Tue, 13 May 2025, 8:45PM IST Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) Ltd has recorded a profit after tax (PAT) of Rs 527 crore in 2024-25, registering a growth of 48 per cent over Rs 357 crore of net profit in the previous fiscal, an official said on Tuesday. The company posted a 39 per cent growth in total income in FY'25, as compared to the previous financial year.

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1h

INDIA BUSINESS | Tue, 13 May 2025, 8:43PM IST GAIL (India) has received five proposals from US companies for equity stakes in their LNG projects, each tied to long-term LNG supply contracts. This initiative aims to secure 1 million tonnes per annum of LNG for 15 years, with potential extensions, targeting shipments starting in 2029-30.

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1h

INDIA MARKET | Tue, 13 May 2025, 8:42PM IST Metropolis Healthcare on Tuesday said its consolidated net profit declined 19 per cent to Rs 29 crore in the fourth quarter ended March quarter 2025. The diagnostics chain had reported a net profit of Rs 36 crore for the January-March period of FY24.

Continue reading at Economic Times

1h

INDIA BUSINESS | Tue, 13 May 2025, 8:41PM IST Exide Industries plans to reach Rs 20000 crore in the next few years. Avik Roy shared the company's growth strategy. Exide is setting up a lithium-ion cell manufacturing unit in Bengaluru. This unit will support the growing electric vehicle market. Exide has signed an agreement with Hyundai Motor and Kia Corporation.

Continue reading at Economic Times

1h

INDIA MARKET | Tue, 13 May 2025, 8:40PM IST India's markets regulator has proposed to reduce regulatory requirements for foreign investors investing exclusively in the country's government bonds, it said on Tuesday, as it looks to boost investments in these securities.

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1h

INDIA BUSINESS | Tue, 13 May 2025, 8:39PM IST The India-UK free trade agreement augurs well to keep driving JLR's performance in India as it would benefit future cars and enable customers to access global cars and global prices much faster, Tata Motors Group CFO PB Balaji said on Tuesday. On the other hand, further details and clarifications are needed to fully understand the impact on JLR after the US-UK trade deal that reduced US trade tariffs on auto exports from the UK to 10 per cent from 27.5 per cent within a quota of 1 lakh vehicles, Balaji said in an earnings call. "As far as India-UK FTA is concerned, it is a great development and augurs well for JLR...At the same time, we also wait when the FTA actually comes into force, but we believe this is going to benefit the future cars that are going to come, which means customers will be able to access these global cars and global prices much faster because of this FTA," he said. Therefore, Balaji said, "It augurs very well for continuing to drive JLR performance in India goin

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1h

INDIA MARKET | Tue, 13 May 2025, 8:39PM IST Greaves Electric Mobility has received Sebi approval for its IPO, comprising a 1,000 crore fresh issue and an OFS of 18.9 crore shares. Proceeds will fund tech development, battery assembly, manufacturing expansion, acquisitions, and digitization efforts.

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1h

INDIA NEWS | Tue, 13 May 2025, 8:35PM IST India's coal imports declined to 220.3 mt in April-February FY25 amid a rise in domestic output, saving $6.93 billion in forex and reducing dependence on imports

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1h

INDIA BUSINESS | Tue, 13 May 2025, 8:26PM IST The NCLT on Tuesday adjourned its hearing over a petition filed by Sanjay Singhal, former promoter of debt-ridden Bhushan Power & Steel Ltd (BPSL), to June 26. Singhal has approached the National Company Law Tribunal (NCLT), seeking enforcement of the order passed by the Supreme Court, which had on May 2 quashed the Rs 19,700 crore resolution plan from Sajjan Jindal-led JSW Steel. Setting aside the previous order passed by the tribunal, the apex court had directed initiation of liquidation of BPSL, as per the provisions of the Insolvency & Bankruptcy Code. Following this, Singhal moved NCLT to place on record the judgment order of the Supreme Court and its implementation. The matter was listed before the Delhi-based Principal bench of the NCLT, where a two-member bench comprising its president adjourned the matter to June for the next hearing. However, NCLT took the judgment passed by the Supreme Court on BPSL on record. During the proceedings of the NCLT, Solicitor General of

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1h

INDIA MARKET | Tue, 13 May 2025, 8:23PM IST Concerns that FPIs flows may shift to China, US weigh on sentiment

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1h

INDIA MARKET | Tue, 13 May 2025, 8:17PM IST Greaves Electric Mobility has received Sebi's approval to launch an IPO, aiming to raise 1,000 crore through fresh shares and an OFS, with funds planned for tech, capacity, and expansion projects

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