Small and medium enterprises collected 9,110.97 crore rupees through initial public offerings in the 2024-25 fiscal year as retail buyers drove demand. Fresh stock sales generated 8,344.37 crore rupees while existing shareholders sold 775.6 crore rupees worth of shares. The Reserve Bank of India reported most offerings attracted heavy oversubscription and produced strong first-day trading…

Korean Air reported a 67 percent decline in net profit for the July through September quarter as maintenance expenses increased. The flagship carrier earned 91.8 billion won compared with a year earlier, while revenue fell 6 percent to 4 trillion won. Operating profit dropped 39 percent to 376.3 billion won despite lower fuel costs. Passenger…

Indian businesses posted sharp sales growth after pandemic losses with revenue climbing 32.5 percent in 2021-22 before settling at 7.2 percent in 2024-25. Net earnings jumped from 2.5 trillion rupees in 2020-21 to 7.1 trillion rupees in 2024-25, while profit margins rose from 7.2 percent to 10.3 percent. Companies reduced debt levels across all sizes…

Dr. Reddy’s Laboratories received voluntary action indicated status from the U.S. Food and Drug Administration for its Srikakulam manufacturing plant in Andhra Pradesh. The Hyderabad pharmaceutical company told stock exchanges it obtained the establishment inspection report on Oct. 20 after regulators completed their review. The classification means federal health officials identified concerns but will not…

Indian retailers recorded 5.40 lakh crore rupees in merchandise sales and 65,000 crore rupees in services revenue over the Diwali festival period. The total represents a 25 percent increase from 2024 festivities between Navratri and Diwali, when businesses generated 4.25 lakh crore rupees. Physical stores captured 85 percent of transactions as shoppers returned to traditional…

The Steel Ministry reported Tuesday that it completed 96 percent of its complaint resolution goals under a month-long government efficiency drive. The Special Campaign for Disposal of Pending Matters runs through Oct. 31 to address cases from lawmakers, the prime minister’s office, and state authorities. Workers removed 8,525 outdated paper files and conducted 195 workspace…

Goods and services tax changes will help Uttarakhand workers, from mountain farmers to craft makers and hotel operators, by lowering costs and boosting sales. The state government reduced rates on local products and services to strengthen jobs in farming, tourism, manufacturing and small business sectors. Farmers who grow pahari toor dal, red rice and Lakhori…

South Korea launched a three-week export promotion fair on Tuesday as the nation prepares to host the Asia-Pacific Economic Cooperation summit. The 2025 Boom-up Korea Week runs through Nov. 7 with 1,700 international companies from 70 nations meeting 4,000 Korean businesses. Officials expect more than 10,000 export consultations to produce deals and agreements totaling 350…

India’s petroleum minister said 67 million people visit fuel stations daily as energy consumption reaches 5.5 million barrels of oil per day. Hardeep Singh Puri told reporters the country has become the world’s fourth-largest economy with a gross domestic product of 4.3 trillion dollars and 7.8 percent growth in the first quarter of fiscal year…

Gold and silver prices declined on Tuesday as traders secured gains following record peaks reached one day earlier. Indian jewellery purchases rose 35 to 40 percent for Dhanteras despite the market retreat. Silver exchange-traded funds suffered steep losses after generating returns near 70 percent over 12 months. Global silver prices had climbed above 50 dollars…