Business News

Business

HCLTech Q1 FY26 Results: A 9.7% Drop in Net Profit Amid Rising Revenues and Strategic AI Investments

HCL Technologies reports a 9.7% drop in Q1 FY26 net profit to Rs 3,843 crore, with revenues up 8.1% to Rs 30,349 crore. The company is investing in AI and restructuring for future ...

Business

Rupee Dips to 85.92 Against Dollar Amid FPI Outflows and Rising Oil Prices

The Indian rupee weakened to 85.92 against the US dollar, impacted by rising oil prices, a stronger dollar, and foreign fund outflows. The RBI's intervention limited losses, while ...

Business

Nabard Forecasts Agricultural Credit to Exceed Rs 32 Lakh Crore in FY26, Signaling Rural Growth

Nabard projects a 14% increase in agricultural credit to over Rs 32 lakh crore in FY26, emphasizing productivity and value chain financing. Nabventures plans a new fund focusing on...

Business

India Achieves Landmark 50% Clean Energy Capacity, Leading Global Climate Efforts

India has reached a pivotal moment in its energy sector, with non-fossil fuel sources now accounting for 50% of its power generation capacity. This milestone, achieved five years a...

Business

India's Wealth Management Sector Poised for Explosive Growth Amid HNI Surge, Jefferies Reports

India's wealth management sector is set for over 20% annual growth, driven by a surge in high-net-worth individuals. Jefferies highlights opportunities and challenges, including th...

Business

New Framework for Telecom PSUs: BSNL, MTNL, and ITI Surplus Land Disposal Gets Green Light with 90-Day Deadline

A high-level committee has approved a framework for the transfer of surplus land and buildings from telecom PSUs BSNL, MTNL, and ITI to central government organizations without auc...

Business

India's Export Surge: How US Tariff Shifts Open Doors for Indian Goods and Services

India is set to expand its presence in the US market due to favorable tariff differentials in over 100 product categories, as per Niti Aayog. Despite global headwinds, India's trad...

Business

ByteDance Ventures into Mixed Reality: Developing Lightweight Goggles to Rival Meta

ByteDance, TikTok's parent company, is developing lightweight mixed reality goggles, signaling a renewed interest in the AR and VR market. This move follows Meta's similar projects...