Reliance Retail slashing jobs, tightening operations before public debut: Report

Mumbai/New Delhi (IANS) Concerned over its sales slowing down, Reliance Retail Ventures Ltd (RRVL) is reportedly slashing jobs - along with other cost-cutting measures - before making its stock market debut. 

The expansion of Reliance Retail…

India’s engineering exports to US touch $1.62 billion in Jan but tariff wall looms ahead

New Delhi (IANS) India's engineering goods exports have recorded robust growth in January this year despite uncertainties in the global markets, with the United States being the top destination. 

The country’s engineering goods exports…

BEL bags more defence orders worth Rs 577 crore

Bengaluru (IANS) Bharat Electronics Limited (BEL) has secured additional orders worth Rs 577 crore since the last disclosure on February 20 this year, the Navratna defence public sector undertaking said on Thursday. 

Major orders include airborne…

Stock market opens higher, Sensex above 73,300

Mumbai (IANS) The Indian benchmark indices opened higher on Wednesday amid mixed global cues, as buying was seen in auto, IT and PSU Bank sectors in early trade. 

At around 9.31 am, Sensex was trading 358.34 points or 0.49 per cent up at 73,348.27…

SAIL, other Indian steel stocks up as China to reduce production

Mumbai (IANS) The shares of steel companies in India on Wednesday saw a rise following China’s announcement that it would restructure its steel industry and reduce total steel output. 

This move is expected to decrease the dumping of cheap…

Credit card spending in India sees 14 pc growth at Rs 1.84 lakh cr in Jan

Mumbai (IANS) Total credit card spending in India reached Rs 1,84,100 crore (Rs 1,841 billion) in the month of January, marking a strong 14 per cent growth (year-on-year), a report showed on Tuesday.

The total credit card transaction volume…

Paytm shares plunge over 3 pc after ED issues notice over FEMA violations

New Delhi (IANS) Shares of Paytm’s parent company, One97 Communications Limited, fell over 3 per cent in early trading on Tuesday after the Enforcement Directorate (ED) issued a notice against the firm. 

The stock dropped as much as 3.26 per…

Indian API market to expand to $22 bn by 2030, at a CAGR of 8.3 pc: Report

New Delhi (IANS) India’s Active Pharmaceutical Ingredients (APIs) market is expected to expand to $22 billion by 2030, according to a report on Monday. 

The report by Praxis Global Alliance, a management consulting firm, stated that the APIs…

India’s manufacturing growth slows but stays strong in Feb: Report

New Delhi (IANS) The Indian manufacturing sector's strong start to 2025 continued in February. Despite slowing to the weakest since December 2023, rates of expansion in output, employment and sales remained elevated in the context of the long-run…

India likely to clock steady GDP growth of 6.5 pc in 2025-26: Crisil

New Delhi (IANS) India’s GDP growth is expected to be steady at 6.5 per cent in fiscal 2025-2026 with the upcoming monsoon season likely to be normal and commodity prices to remain soft. 

Private consumption is expected to recover further,…