IndusInd Bank’s long-term debt instruments put under negative watch: Crisil

Mumbai (IANS) Global credit rating agency Crisil has placed IndusInd Bank’s long-term debt instruments on ‘Rating Watch with Negative Implications.’ 

This includes Rs 4,000 crore worth of tier II bonds and Rs 1,500 crore of infrastructure bonds.

India pharma market sees 7.8 pc revenue growth in April: Report

New Delhi (IANS) India’s pharmaceutical market (IPM) continues its growth in April with 7.8 per cent year-on-year (yoy) in revenue, according to a report on Thursday. 

The report, by rating agency India Ratings and Research (Ind-Ra), showed…

Indian carriers issue fresh travel advisories, cancel more flights till May 10

New Delhi (IANS) Domestic carriers issued fresh advisories for air travellers on Wednesday as they cancelled more flights till May 10 following a notification from aviation authorities, asking passengers to check their flight status before heading…

India’s services sector grows steadily in April, composite PMI hits 8-month high

New Delhi (IANS) India’s services sector continued to grow in April, with the Services Purchasing Managers' Index (PMI) rising slightly to 58.7 from 58.5 in March, an HSBC report said on Tuesday. 

A PMI reading above 50 indicates expansion,…

India’s mineral production surges to all-time high in 2024-25

New Delhi (IANS) The production of key minerals such as iron ore, manganese ore, bauxite and lead in the country have recorded a robust growth in financial year 2024-25 after reaching record production levels in FY 2023-24, according to a statement…

Indian Oil’s sales volume, including exports, crosses 100 MMT for 1st time

New Delhi (IANS) In a significant feat for the Indian oil sector, state-run Indian Oil Corporation on Saturday said its total sales volume, including exports, has crossed 100 million metric tonnes (MMT) for the first time ever. 

In a post on…

Angolan President seeks closer ties with India in pharma, agriculture, renewable energy

New Delhi (IANS) Angolan President Goncalves Lourenco on Sunday highlighted the need for strengthening cooperation between India and Angola in various sectors, including the pharmaceutical industry, agriculture, and the renewable energy sector. 

India bans all imports from Pakistan amid rising tensions

New Delhi (IANS) India has banned all imports - direct and indirect - from Pakistan amid rising tensions with the neighbouring country over the barbaric Pahalgam terror attack.

According to a notification by the Commerce Ministry, "Direct or…

CBDT issues new ITR Form 5 with key updates for assessment year 2025-26

New Delhi (IANS) The Central Board of Direct Taxes (CBDT) has notified the new Income Tax Return (ITR) Form 5 for the assessment year (AY) 2025-26 with some key updates. 

The Income Tax Department has introduced several changes in the new I-T…

Audi India to raise prices by up to 2 pc due to hike in exchange rate, input cost

Mumbai (IANS) German luxury car manufacturer Audi India on Friday announced a price increase of up to 2 per cent across its model range, due to hike in the exchange rate and input cost. 

The ex-showroom price of models will increase up to 2…