Dr Reddy’s gets Rs 2,395 crore tax notice over merger with holding company

New Delhi (IANS) Dr Reddy’s Laboratories Limited has received a showcause notice from the Income Tax Department, proposing a demand of over Rs 2,395 crore.

The notice is related to the merger of Dr Reddy’s Holdings Limited (DRHL) with the company.

Adani, Patanjali among 26 firms in race to acquire Jaiprakash Associates

New Delhi (IANS) Billionaire Gautam Adani’s group and FMCG major Patanjali Ayurveda are among 26 companies that have shown interest in acquiring debt-laden Jaiprakash Associates Limited (JAL), which is currently undergoing insolvency proceedings.

India has advantage over Asian peers after US tariff hikes: SBI

New Delhi (IANS) India;s exports to the US constitute only 4 per cent of its GDP so the direct impact of the 27 per cent hike in tariffs on Indian goods announced by President Donald Trump will have only a "limited" impact, according to an SBI Research…

India steps up vigil against cheap Chinese imports amid US tariff hike

New Delhi (IANS) India has stepped up vigil to prevent the dumping of cheap Chinese imports in the country after the steep US tariff hike on the goods exported by the Communist country. 

Commerce Secretary Sunil Barthwal is reported to have…

Sensex, Nifty tank as Trump tariffs rattle global markets

Mumbai (IANS) Indian stock markets on Friday ended in the red for the second day in a row, as investors turned cautious after US President Donald Trump’s reciprocal tariffs announcement. 

The sensex fell by 930.67 points, or 1.22 per cent,…

Institutional investments in Indian real estate up 31 pc at $1.3 billion in Q1

New Delhi (IANS) Institutional investments in India's real estate sector saw a strong start to 2025, with total inflows reaching $1.3 billion in the first quarter, a new report said on Thursday. 

This marks a 31 per cent increase compared…

US tariffs on electronics: India emerges favourable among competitors

New Delhi (IANS) India has emerged favourably placed in the first round of reciprocal tariff announcements by the US, especially compared to key electronics export competitors like China, Vietnam, Thailand and Indonesia, following the extraordinary…

UPI transactions grow 42 pc, mobile payments reach 88.5 bn in 2nd half of 2024

New Delhi (IANS) The Unified Payments Interface (UPI) transactions soared by 42 per cent year-on-year (YoY) in the second half of 2024, totalling a remarkable 93.23 billion transactions, a new report said on Wednesday. 

India’s digital payments…

US tariffs: Global brokerage firm Citi sees minimal impact on Indian pharma firms

Mumbai (IANS) Global brokerage firm Citi said on Tuesday there is a low likelihood of the US imposing tariffs on Indian pharmaceuticals, despite ongoing discussions around the issue. 

The brokerage firm analysed the potential effects of a 10…

Sensex plunges over 1,100 pts amid US reciprocal tariff concerns

Mumbai (IANS) Indian frontline indices declined sharply on Tuesday, dragged by the IT and financial service stocks, amid concerns over the upcoming US reciprocal tariffs from April 2. 

At 11:05 am, Sensex was down 1,136.25 points or 1.47 per…