BUSINESS
India Inc. Achieves Robust Q4 Profit Growth Despite Global Challenges: Report
The Bank of Baroda (BoB) report noted that the aggregate net sales of 1,893 companies rose by 5.4 percent in Q4, and the net profits were up by 7.6 percent.
India’s Manufacturing PMI Hits 57.6 in May, Says HSBC
While down slightly from April's 58.2 reading, the index was well above the 50-point mark, signaling consistent growth in plant activity, according to numbers tallied by S&P Global.
Surging PSU Profits Bolster Government’s Fiscal Strength
Leading the pack were the State Bank of India (SBI), the country’s largest bank, and insurance behemoth Life Insurance Corporation of India (LIC), with net profits of ₹18,643 crore and ₹19,013 crore, respectively.
RBI Poised for 'Jumbo' 50 Bps Rate Cut, Says SBI Report
The report indicates that such a steep cut would be able to revive the credit cycle and bring some stabilizing effect at a time when the economy is witnessing uncertainties.
Errol Musk Visits India to Explore Green Tech and EV Sector Growth
He has as part of his itinerary a visit to Servotech's manufacturing facility and a series of high-level interactions, including a visit later in the week to the Ram Temple in Ayodhya.
Bangladesh Drops Sheikh Mujibur Rahman's Image from Currency Notes
This comes close to a year after his daughter, former Prime Minister Sheikh Hasina, departed office and left the country in questionable circumstances.
IndiGo Plans Direct Flights to London, Athens, and 8 More International Destinations This Fiscal, Says CEO Elbers
During a briefing in New Delhi, IndiGo CEO Pieter Elbers cited the immense opportunity in India's aviation industry, fueled by growth in passenger demand and continued infrastructure building. He forecasted that passenger figures would double from 2025 to 2030, boosted by this robust expansion and increased capacity.
India’s Forex Reserves Jump $6.99 Billion, Surpass $692.7 Billion Mark
Foreign currency assets, which account for a large component of these reserves, increased by $4.52 billion to $586.17 billion, the figures showed.
Robust Economic Performance: India Maintains Top Spot Among Major Economies with 6.5% FY25 Growth
In nominal terms, GDP growth was 9.8%, making India one of the fastest-growing major economies in the world, stated Hemant Jain, President, PHD Chamber of Commerce and Industry (PHDCCI).
IndiGo Given Final 3-Month Extension to End Turkish Aircraft Lease
IndiGo has two Boeing 777s which it acquired through a lease from Turkish Airlines. While the lease of the budget airline was until May 31, it had asked for the extension of the lease by six months from the Civil Aviation Ministry.
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