Business News

Business

IndusInd Bank Establishes Leadership Team Following CEO's Surprise Departure

IndusInd Bank has appointed Anil Rao and Soumitra Sen as interim leaders following CEO Sumant Kathpalia's resignation, with RBI approval. The bank's shares fell 2.5% post-announcem...

Business

Simplifying Tax Returns: Govt Eases Process for Equity Long-Term Capital Gains Up to Rs 1.25 Lakh

The Indian government simplifies tax return filing for individuals with long-term capital gains up to Rs 1.25 lakh from equities, introducing user-friendly features and extending t...

Business

Soaring Gold Prices Dampen Demand on Akshaya Tritiya, Yet ETFs See Unprecedented Surge

Gold prices hit a record high, dampening Akshaya Tritiya demand despite jewellers' schemes. ETFs and lightweight jewellery gain popularity as alternatives, with significant sales v...

Business

Indian Government Launches Groundbreaking Collateral-Free Loans for Exporters to Boost Global Trade

The Indian government's new NIRVIK scheme offers collateral-free loans to MSMEs and new exporters, aiming to reduce interest rates and boost India's export competitiveness. Initiat...

Business

IndianOil Halts Negotiations with Rosneft: A Strategic Shift Towards US Energy Imports

IndianOil has paused negotiations with Russia's Rosneft for oil supplies, shifting focus towards US energy imports. A new LNG deal with Trafigura marks a strategic diversification ...

Business

Costa Coffee Brews Success in India: A Surge in Coffee Culture Among Millennials and Gen Z

Costa Coffee is expanding aggressively in India, capitalizing on the growing coffee culture among millennials and Gen Z. Despite global economic challenges, the company sees India ...

Business

Agricultural Sector's Credit Growth Drops to 10.4%, RBI Reports a Significant Slowdown

The RBI reports a slowdown in bank credit growth to the agriculture sector to 10.4%, with industrial advances remaining flat at 8%. Credit growth to infrastructure decelerated, whi...

Business

Breaking: Indian Giants Dixon and Optiemus Forge Strategic Partnerships with Taiwanese Tech Leaders

Indian electronics manufacturers Dixon Technologies and Optiemus have announced strategic partnerships with Taiwanese firms Inventec and ASRock, respectively, to expand their produ...