Fitch also cut the world growth projections in 2025 by 0.4 percentage points and China and U.S. growth by 0.5 percentage points from its March GEO. | Photo Credit: Reuters Fitch Ratings on Thursday (April 17, 2025) cut India’s GDP growth estimate by 10 basis points to 6.4% for the current fiscal, but retained the … Read more
The Controller General of Patents, Designs, and Trade Marks and Geographical Indications granted the long-awaited ‘GI’ recognition to the Patteda Anchu saree from Gajendragad in Gadag district in north Karnataka in March. This traditional hand-woven cotton textile with natural colours is known for its bright colours and simple design. It earned its name from its … Read more
Infosys, the country’s second lead tech player, on Thursday reported a close to 12% dip in its fourth quarter (FY25) net profit to ₹ 7,033 crore, it had posted a net profit of ₹7,969 crore in the corresponding period a year ago. Company’s revenues in Q4 grew to ₹40,925 crore, 7.9% increase from ₹37,923 crore … Read more
Considering the rapid progress being made in areas such as artificial intelligence (AI) and quantum computing, securities market would undergo a change, said Securities & Exchange Board of India (SEBI) Chairman Tahin Kanta Pandey on Thursday. “We need to be prepared both for the opportunity these technologies offer as well as the risks that may … Read more
Paul Griffiths, CEO of Dubai Airports. Photo: media.dubaiairports.ae The development of airport infrastructure in India and fulfilling India’s ambitions to grow them into hubs that can transfer passengers from different connecting points must be supported by a revision in seat capacities permitted between two countries, said Dubai Airport CEO Paul Griffiths. “The development of airport … Read more
IMF MD Kristalina Georgieva speaks ahead of the IMF/World Bank Spring Meetings, at the IMF headquarters in Washington, D.C., U.S., on April 17, 2025. | Photo Credit: Reuters On the eve of its Spring Meetings, the International Monetary Fund (IMF) called on countries to find a settlement on trade issues, which it said was the … Read more
i Gensol Engineering’s independent director Arun Menon has resigned saying there was growing concern on leveraging its balance sheet to fund capex of other businesses and sustainability of servicing such high debt costs by the company. Mr. Menon’s resignation came a day after Sebi on Tuesday (April 16, 2025) barred Gensol Engineering and its promoters— … Read more
The Board of Directors of Adani Ports and Special Economic Zone Ltd. (APSEZ), has approved the acquisition of Abbot Point Port Holdings Pte. Ltd. (APPH), Singapore from Carmichael Rail and Port Singapore Holdings Pte. Ltd., Singapore (CRPSHPL) which is a related party. APPH holds the entities which own and operate the North Queensland Export Terminal, … Read more
Tata Elxsi, a design and technology services firm belonging to the Tata Group, has entered a strategic multi-year deal valued at €50 million with a leading European headquartered automotive OEM, the company said on Thursday. This strategic deal would position Tata Elxsi as a key engineering partner for platform and application development across SDV (software … Read more
IDFC FIRST Bank will raise up to 75 billion rupees ($877 million) from affiliate firms of private equity group Warburg Pincus and the Abu Dhabi Investment Authority (ADIA) sovereign wealth fund, the lender said on Thursday. IDFC FIRST Bank will issue Warburg Pincus, an existing investor, and ADIA convertible shares, which, if fully converted, will … Read more