Buisiness

NEW DELHI: Maharashtra and Karnataka accounted for 51 per cent of the foreign direct investment (FDI) inflows into the country during the last financial year 2024-25, according to the latest data of the Department for Promotion of Industry and Internal Trade (DPIIT). Maharashtra attracted maximum foreign inflows at USD 19.6 billion and accounted for 31…

NEW DELHI: After a sluggish start to 2025, the primary market is showing signs of revival with over a dozen companies having lined up their IPOs in the next three to six months buoyed by a stabilising secondary market and easing geopolitical tensions, merchant bankers said.Among the companies preparing to tap the capital markets are…

NEW DELHI: The automobile industry has sought govt support in expediting approvals from the Chinese govt for importing rare earth magnets used in various applications, including passenger cars. As per sources, various domestic suppliers have already sought approval from the Chinese govt through their local vendors in China.However, no approvals have been granted so far,…

NEW DELHI: The Indian automobile industry has urged the government to step in and help fast-track pending approvals from Chinese authorities for importing rare earth magnets—key components used in electric motors and various car applications.According to PTI, industry sources revealed that, several Indian suppliers have applied for approvals through their local partners in China. But…

NEW DELHI: Indian startups are struggling to grow due to limited domestic investment and restrictive government regulations, warned industry veteran and Aarin Capital Chairman Mohandas Pai, calling for urgent policy reforms and increased R&D funding to boost the ecosystem.He cautioned that despite India’s position as the world’s third-largest startup ecosystem, the nation could lose ground…

The public feud between US President Donald Trump and Tesla CEO Elon Musk has turned into both a political and a Wall Street drama, raising investor concerns and exposing the vulnerability of stock markets to sharp moves in major companies.The clash, which played out mostly on social media, triggered a 14% drop in Tesla shares…

India’s top listed real estate firms recorded a blockbuster performance last fiscal, with property sales surging past Rs 1.62 lakh crore, marking a jump of over 20% from the previous year. Leading the charge was Godrej Properties, which emerged as the biggest seller among 26 major listed players, clocking pre-sales worth Rs 29,444 crore.The data,…

Delhi chief minister Rekha Gupta on Sunday announced that the Centre had given a green signal to infrastructure projects worth Rs 24,000 crore, aimed at easing traffic congestion and reducing pollution in the capital and its surrounding areas. Among the key developments is a five-kilometre tunnel connecting Shiv Murti–Mahipalpur on the Dwarka Expressway with Nelson…

Tata Steel will be beginning the construction of its state-of-the-art electric arc furnace (EAF) facility at Port Talbot, Wales, in July 2025, with production expected to commence by 2027. The company confirmed in its FY24-25 annual report that all key approvals for the $1.5 billion project are now in place.Backed by 500 million pounds in…

Private sector lender HDFC Bank has reduced its benchmark lending rates following the Reserve Bank of India’s (RBI) unexpected decision on Friday to cut the repo rate by 50 basis points in a bid to revive the slowing economy.The bank revised its marginal cost of funds-based lending rates (MCLR) downward by 10 basis points across…