india business news

Korean electronics major Samsung expects its new foldable devices Galaxy Fold 5 and Galaxy Flip 5 will enable it to capture half of the super premium smartphone segment in India, currently dominated by iPhone maker Apple. Super premium…

Benchmark equity indices Sensex and Nifty closed over half a per cent higher on Monday,  snapping their two-day falling streak on buying in index majors Reliance Industries and Tata Consultancy Services and firm global trends. Photograph:…

The total incentive outgo under the ambitious production-linked incentive (PLI) scheme is estimated to be less than Rs. 40,000 crore by the fiscal year 2024-25 (FY25), when it completes the fourth year of implementation, according to the…

The central government has given banks and credit card entities six to eight months to put in place the requisite reporting mechanism and related features to collect tax at source on international credit card transactions, a senior…

Catamaran, the family office of Infosys founder Narayana Murthy, is targeting 15 per cent returns on its portfolio investments per annum as it shifts focus from early-stage investments to growth and late-stage bets. Photograph: Danish…

'We have not seen too many large deals compared to last quarter.' Krithi Krithivasan, MD and CEO, TCS. Illustration: Dominic Xavier/Rediff.com K Krithivasan, chief executive officer and managing director, Tata Consultancy Services (TCS),…

The country's per capita income is likely to grow by close to 70 per cent to $4,000 by fiscal 2030 from $2,450 in fiscal 2023, helping it become a middle-income economy with $6-trillion GDP, more than half of which will be coming in from…

The Reserve Bank is likely to maintain status-quo on the key interest rates for the third time in a row in its upcoming bi-monthly policy review despite the US Federal Reserve and the European Central Bank hiking benchmark rates, as…

BSE’s fresh shot at cracking the derivatives market is off to a promising start. Photograph: Danish Siddiqui/Reuters However, Asia's oldest bourse is facing resistance from brokerages with nearly 10 large brokers yet to offer the…

Stocks of the country’s bigger tile and ceramic makers were major gainers over the past week. Photograph: PTI Photo The leaders in this space -- Kajaria Ceramics and Cera Sanitaryware -- were up 7 per cent each. In the past three months,…