business

Goldman Sachs reported a significant 20% surge in net profit for the second quarter of 2025, reaching $3.5 billion, fueled by strong performances in financial advisory and equities trading. Total revenue climbed 15% to $14.6 billion, surpassing analyst expectations. Increased dealmaking activity followed Donald Trump’s election, boosting investment banking prospects despite ongoing trade uncertainties.

Electric car sales in India are expected to rise. CareEdge Advisory projects over 7% sales by FY28. This depends on resolving rare earth element supply issues. New models and charging infrastructure are growing. Government’s PLI scheme supports battery production. Electric car ecosystem has grown rapidly. Policy support and reduced costs will boost EV adoption in…

HDFC Bank’s board is set to consider issuing bonus shares and a special interim dividend for FY26 during a meeting on July 19. This marks a potential first bonus issue for the bank, pending shareholder approval. The decision reflects management’s confidence, coinciding with strong Q1 growth and solid share performance, including a 23.01% increase over…

NITI Aayog is developing a strategy for Indian Railways to increase revenue beyond fares through asset monetization and public-private partnerships. The initiative aims to make the rail network financially sustainable, reducing reliance on traditional freight and passenger income. A study will identify strategies for boosting non-fare revenue by assessing untapped potential in railway assets and…

The National Highways Authority of India is committed to sustainable development. It has reduced greenhouse gas emissions. This happened even as highway construction increased. The Authority used recycled materials and planted trees. It also developed water bodies and improved worker safety. Technology implementation enhanced project oversight. FASTag usage reduced congestion at toll plazas across the…

The Cabinet Committee on Economic Affairs has approved an exemption for NLC India Ltd, allowing a Rs 7,000 crore investment in its renewable energy subsidiary without prior government approval or net worth restrictions. This decision supports NLCIL’s ambitious renewable energy targets of 10.11 GW by 2030 and 32 GW by 2047, aligning with India’s COP26…

Ashok Leyland’s shares experienced a 51% drop, from Rs 250.85 to Rs 123.95, due to a technical adjustment following a 1:1 bonus share issue. The stock began trading ex-bonus on July 16, with bonus shares credited to demat accounts on July 17 and trading commencing on July 18.

Dixon Technologies plans a Rs 1,000 crore investment. The goal is to boost component manufacturing. This includes camera modules and precision enclosures. A joint venture with Chongqing Yuhai is planned. Dixon will also acquire a stake in Kunshan Q Tech India. These moves aim to reduce reliance on external suppliers. The company seeks long-term margins…

GAIL (India) Ltd is in preliminary talks to import liquefied natural gas from Alaska LNG, aligning with India’s aim to increase gas imports and reduce trade imbalances with the U.S. The viability hinges on the landed cost of Alaskan gas. This move supports India’s goal to raise natural gas in its energy mix to 15%…

British inflation increased unexpectedly in June. It reached an 18-month high. The Consumer Prices Index rose to 3.6 percent. Motor fuel and food prices mainly fuelled the jump. The UK economy contracted for a second month in May. Rachel Reeves acknowledged the pressure on households. The Bank of England may still cut interest rates next…