Following the Air India Flight AI-171 crash in Ahmedabad, Tata Group has established ‘The AI-171 Memorial and Welfare Trust’ with a corpus of Rs 500 crore. The trust aims to support the victims’ families and those affected by the tragedy.
India’s foreign exchange reserves experienced a decline of $3.064 billion, reaching $696.672 billion in the week ending July 11, marking the second consecutive weekly drop. The fall was primarily driven by a decrease in foreign currency assets and gold reserves. Despite the recent dips, the reserves remain slightly below the all-time high recorded in late…
JSW Steel’s consolidated net profit more than doubled to Rs 2,209 crore in Q1, driven by lower expenses and increased volumes. While total income saw a marginal rise, crude steel production and sales volumes experienced significant year-on-year growth. The company has filed a review petition regarding the Supreme Court’s verdict on the Bhushan Steel and…
Citi has downgraded Indian equities to ‘neutral’ due to high valuations and weaker earnings growth forecasts, favoring markets like China and Korea. Simultaneously, Foreign Institutional Investors (FIIs) have intensified selling, pulling out over Rs 10,169 crore in five sessions, indicating a shift in investor sentiment and impacting market dynamics.
The US has solidified its position as India’s top trading partner, leading in electronics, marine goods, and garment exports during FY26’s first quarter. Commerce department data reveals significant export surges to the US, accompanied by a rise in electronics imports, signaling India’s growing role in the global supply chain.
Consumers can soon verify energy efficiency claims on appliances like ACs and refrigerators with new, transparent labels under the upcoming ‘Bureau of Energy Efficiency (Appliance Labelling) Regulations, 2025.’ These labels will feature the product’s origin, power consumption, a unique serial number, and a QR code for verification.
Indian Overseas Bank (IOB) witnessed a significant surge in net profit for the quarter ended June 2025, reporting Rs 1,111 crore, a 76% YoY increase. This growth was fueled by enhanced income and improved asset quality. The bank’s gross and net NPAs also saw a reduction, contributing to a stronger financial performance, with capital adequacy…
India’s Defence Ministry is reportedly pushing for a collaboration with France to develop next-generation fighter jet engines, aiming for self-reliance in this critical technology. The ₹61,000 crore initiative seeks to create a 120kn engine for future platforms like the AMCA.
TSMC is aggressively expanding its US presence with accelerated construction of its Arizona fabs, aiming to create a major semiconductor hub. The company’s investment includes multiple fabs utilizing advanced technologies like 2nm and A16 processes. While expanding globally to Japan and Germany, TSMC anticipates short-term financial pressures due to higher operating costs at international sites.
The US has informed the WTO that India’s retaliatory tariffs on American automobiles, steel, and aluminium lack a legal basis, despite India’s claim of significant export impact and duty collections. This dispute unfolds as both nations engage in trade deal negotiations, with the US asserting its tariffs are protected under national security provisions.
