Business News

Business

Heartflow Soars 58% in Stunning Nasdaq Debut, Valued at $2.4 Billion

Heartflow, a medical technology firm, debuted on Nasdaq with a 58% increase above its IPO price, raising $316 million and achieving a $2.4 billion valuation, marking a significant ...

Business

Tata Motors Faces 62% Profit Plunge in Q1: A Deep Dive into the Challenges and Future Strategies

Tata Motors reported a 62.2% drop in Q1 net profit to Rs 4,003 crore, impacted by lower volumes and JLR tariff issues. Despite challenges, the company plans strategic investments i...

Business

India's Auto Retail Faces a 4.3% Dip in July: Passenger Vehicles and Two-Wheelers Decline, Tractors Shine with 11% Growth

India's auto retail sector experienced a 4.3% decline in July, with passenger vehicles and two-wheelers seeing a drop in sales. However, the tractor segment bucked the trend with a...

Business

Rupee Holds Steady at 87.58 Amid Dollar Weakness and FIIs Turn Net Buyers as US Tariff Deadline Looms

The Indian rupee ended flat at 87.58 against the US dollar, supported by a weaker greenback and foreign fund inflows, despite escalating trade tensions with the US and a looming ta...

Business

Government Grants Rs 30,000 Crore to OMCs for LPG Losses, Ensuring Stable Supply for Ujjwala Beneficiaries

The Indian government has approved a Rs 30,000 crore compensation package for public sector oil companies to cover losses from selling LPG below cost, ensuring stable supply and pr...

Business

Lord's Mark Industries Ltd Sets Sights on Global Expansion with BSE Public Offering and NSE Listing

Lord's Mark Industries Ltd is preparing for a BSE public offering and NSE listing to strengthen its market position in India and globally. The company has received NCLT approval fo...

Business

Government Withdraws Income-Tax Bill 2025: A Revised Draft Promising Major Reforms and Simplifications

The Indian government has withdrawn the Income-Tax Bill, 2025, to introduce a revised version incorporating Select Committee recommendations, aiming to modernize tax laws and simpl...

Business

India's Forex Reserves Plunge $9.32 Billion: A Deep Dive into the Causes and Implications

India's foreign exchange reserves dropped by $9.322 billion to $688.871 billion, with foreign currency assets and gold reserves seeing significant declines. The RBI reports this as...