business news india

India is planning to move from the Wholesale Price Index to Producer Price Index (PPI) in future as most of the G20 countries follow this practice, an official said. Photograph: PTI Photo from the Rediff Archives The official said that…

The Reserve Bank of India on Friday raised the GDP growth projection for the current fiscal to 7 per cent from 6.5 per cent earlier on buoyant domestic demand and higher capacity utilisation in the manufacturing sector. Photograph:…

The Securities Appellate Tribunal (SAT) on Monday set aside the penalty imposed by Sebi on Reliance Industries Ltd's chairman Mukesh Ambani and two other entities in a case related to alleged manipulative trading in the shares of erstwhile…

The net profit of the listed Adani group companies more than doubled year-on-year (Y-o-Y) in the first half of 2023-24 (H1FY24), even as their revenue declined in this period. Photograph: PTI Photo from the Rediff Archives The nine firms…

Ashalata Maheshwari, a septuagenarian and a shareholder in over 1,000 companies, wants shares of Tata Technologies (in its recent initial public offering, or IPO).Photograph: PTI Photo from the Rediff Archives Her reasoning is simple,…

Fintech companies believe that the impact of Reserve Bank of India's order last week on unsecured loans will be visible in six to 12 months and prompt them to diversify and strengthen their secured portfolio. Fintechs which source funds…

Mankind remains focused on transitioning more products from Rx to OTx and over the counter, aiming to launch multiple products with high growth potential. Photograph: Courtesy, Mankind Pharma Pharmaceuticals major Mankind Pharma reported a…

Nirav Modi, the fugitive diamond merchant wanted in India to stand trial on fraud and money laundering charges, told a UK court on Thursday that he could be in England for years as some ongoing proceedings prevent his extradition. The…

Benchmark stock indices Sensex and Nifty closed higher by more than half a per cent in the special Mahurat trading session on Sunday driven by across-the-board buying by investors. Photograph: PTI Photo from the Rediff Archives The…

The Centre could further moderate its divestment target for 2024-25 (FY25), as it does not expect large receipts from asset sales — except some ongoing strategic ones, including IDBI Bank, which could spill over into next financial year.…