Buisiness

State-run gas utility GAIL (India) Ltd on Tuesday reported a 6 per cent year-on-year decline in consolidated net profit for the January–March quarter, impacted by lower gas marketing margins and losses in the petrochemical segment. Net profit for the fourth quarter of FY25 stood at Rs 2,049.03 crore, down from Rs 2,176.97 crore in the…

US stocks opened flat on Tuesday, reflecting a cautious investor mood following a key inflation report and lingering uncertainty over trade negotiations with China. As of 9:46 a.m. ET, the Dow Jones Industrial Average slipped 166.7 points, or 0.39%, to 42,243.4, while the Nasdaq Composite advanced 111.65 points, or 0.6%, to 18,819.99. The S&P 500…

Tata Motors on Tuesday reported a 51% decline in consolidated net profit for the fourth quarter ended March 31, 2025, at Rs 8,556 crore, down from Rs 17,528 crore in the same period last year.The fall was primarily attributed to lower volumes and reduced operating leverage.The company’s consolidated revenue from operations stood at Rs 1,19,503…

SpiceJet on Tuesday announced it will resume its Haj 2025 operations from Srinagar starting May 14, with two flights scheduled to depart for Medina. This comes a day after Srinagar airport reopened for civilian flights following a temporary shutdown amid the recent military tensions between India and Pakistan.“SpiceJet will resume its Haj 2025 operations from…

The notable reduction in both inflation can be primarily attributed to decreased prices across several essential categories. (AI image) The All India Consumer Price Index (CPI) or retail inflation for the month of April 2025 eased to 3.16% compared to April 2024. The headline inflation in April 2025 decreased by 18 basis points from March…

CLSA observed that India had emerged as a comparative leader and safe haven for investors. (AI image) India’s defensive investment appeal during global uncertainty is diminishing, according to CLSA’s recent India Strategy report. This shift stems from reduced trade friction between the United States and China, alongside improving regional diplomatic relations.Global risk sentiment has significantly…

India announced several economic and strategic measures against Pakistan with an aim to cripple its already struggling economy. Prime Minister Narendra Modi’s strong address to the nation after the India-Pakistan ceasefire also has a big economic message for Pakistan. “India’s stand is very clear… Terror and talks cannot go together… Terror and trade cannot go…

China has lifted a month-long ban on Boeing aircraft deliveries, following trade talks with the United States, according to The Guardian, which cited sources. The decision follows a breakthrough in trade negotiations between the world’s two largest economies. As part of the tentative agreement, the US has slashed tariffs on most Chinese imports from a…

Air India declared on Tuesday the suspension of its two-way flight services connecting multiple destinations. (AI image) India-Pakistan tensions impact on air travel: Hours after resuming flights to airports in parts of northern India, airlines like Air India and IndiGo announced cancellations for May 13.On Monday, the Airports Authority of India (AAI) declared that 32…

Gold price today: A significant sell-off occurred as the week began, following the US-China trade negotiations in Switzerland. (AI image) Gold rate today: With reduced geopolitical tensions, safe-haven demand has declined significantly, causing MCX Gold June futures to drop to Rs 92,975/10 grams. This represents a substantial decrease of nearly Rs 6,500 from its April…