Business is war.
A newly established government fund worth 1 trillion rupees represents a major commitment to expanding scientific research capabilities across the country, authorities announced on Tuesday. Prime Minister Narendra Modi introduced the Research, Development and Innovation program during an event held on Monday at a technology conference in New Delhi. Officials said the initiative will provide…
India’s military research arm has achieved breakthroughs in chip manufacturing that could boost self-reliance across critical sectors, defense officials said on Tuesday. The Defence Research and Development Organisation announced it can produce 4-inch silicon carbide wafers domestically and has fabricated gallium nitride high electron mobility transistors reaching 150 watts. The agency will showcase these advances…
Indian stock markets appear ready to rebound from recent declines as economic conditions shift in favor of equities, according to an analysis released on Tuesday. Morgan Stanley assigned a 50 percent chance that the BSE Sensex will climb to 89,000 by June 2026, representing gains of roughly 6 percent from current levels. The American investment…
India’s largest air carrier reported a loss of 2,582 crore rupees for the three months ending in September, marking a reversal from the 2,176 crore rupee profit recorded during the prior quarter. The deficit widened from 987 crore rupees posted during the matching period one year earlier, according to filings with stock exchanges. Currency fluctuations…
Berger Paints India posted after-tax earnings that fell 23.6 percent during the July through September period as prolonged rains dampened customer demand. The decorative coatings manufacturer earned 206 crore rupees compared with 270 crore rupees twelve months earlier, while sales edged up 1.9 percent to 2,827 crore rupees. Operating earnings before interest, taxes, depreciation and…
Indian equities retreated from earlier advances on Tuesday as investors unloaded technology and metal stocks during afternoon trading. The Sensex fell 519.34 points to settle at 83,459.15, while the Nifty dropped 165.70 points to close at 25,597.65. Market analysts noted the Nifty continued forming lower peaks and troughs, sliding beneath the 25,600 threshold. Technical indicators…
The flagship entity of the Adani conglomerate announced that after-tax income surged 84 percent during the three months ending in September, reaching 3,199 crore rupees. Adani Enterprises Ltd directors approved a partially paid rights offering worth 25,000 crore rupees to bolster financial resources for upcoming business ventures. Operating earnings before interest, taxes, depreciation, and amortization…
India’s payment infrastructure authority cautioned the public on Tuesday about confidence schemes where criminals pose as government officials to extract personal information or funds through intimidation tactics. The National Payments Corporation of India said citizens should contact the national cybercrime helpline at 1930 or file reports through the Department of Telecommunications’ online portal when encountering…
State Bank of India, the nation’s biggest lending institution, said after-tax earnings climbed 10 percent during the three months that ended in September. The Mumbai-based lender posted standalone profits of 20,159.67 crore rupees compared with 18,331.44 crore rupees during the matching period one year earlier, helped by expanding loan portfolios and better credit quality. Total…
Air India announced plans on Tuesday to dispatch a rescue aircraft to Mongolia for stranded travelers whose Delhi-bound plane made an emergency stop after encountering possible mechanical problems. The carrier will send flight AI183 from Delhi during afternoon hours to collect passengers who were aboard the diverted San Francisco service, with their arrival back in…
