Cigarette-to-soap conglomerate ITC on Thursday reported a consolidated net profit (attributable to owners) of Rs 4,931.19 crore for the third quarter (October-December/Q3) of 2025-26 (FY26), affected by a one-time provision related to the new labour codes and a base effect from an exceptional item in Q3 of 2024-25. In the year-ago period, net profit had stood at Rs 4,934.8 crore.
The domestic cigarette industry is expected to see a 6-8 per cent volume contraction next fiscal following the imposition of additional excise duties and increase in goods and services tax (GST) rates from February 1, Crisil Ratings said on Wednesday.
The average fundraise for the top 20 startups stood at $195 million in CY25.
The initial public offering (IPO) market in India last year was hot, with companies raising over $22 billion in 2025. But half of the 350-plus companies that listed on the stock exchange last year traded below their offer price, according to a new research report released by HSBC Global Investment Research - a sobering fact despite what otherwise looked like a rush of companies eager to list on the bourses.
The imposition of safeguard duty, an uptick in exports, and an increase in input cost are driving steel prices higher. The latest round of price increase took place on Friday, with some steel mills increasing hot-rolled coil (HRC) prices by ~500-750 a tonne, according to price reporting and market intelligence firm BigMint. HRC is a benchmark for flat steel.
In 2025, the total net induction was 35 planes -- 79 added and 44 returned -- making it much lower than even 2024.
The famed Darjeeling tea may have slip to a new production low in 2025, as changing weather patterns, a shortage of pluckers and mounting economic stress weigh on the region's gardens.
Foreign tourist arrivals in India dropped to 6.18 million during the April-September 2025 period against 7.06 million during the same period last year, which was a drop of 12.4 per cent.
With 7.64 million seats, the Mumbai-Delhi route in 2025 was the eighth busiest route in the world.
Around one-fifth of 143 airports handling only domestic flights recorded an average of two or fewer aircraft movements a day between April and November 2025, according to data from the Airports Authority of India
India's duopoly in the domestic skies -- where IndiGo and Air India collectively control over 90 per cent of the market -- is highly skewed, leaving very little room for new players
The Indian steel industry is faced with a paradox: Rising demand and falling prices. Demand continues to surge as user industries gather pace, with the World Steel Association projecting around 9 per cent annual growth for India over 2025 and 2026, the year domestic demand is projected to be almost 75 million tonnes (mt) higher than in 2020.
Blue Energy Motors, a Mumbai-based outfit, is set to disrupt the market for two million heavy-duty trucks running on diesel and petrol in the case of routes under 500 km by transforming them into electric.
Tata Steel on Wednesday reported a 272 per cent year-on-year (Y-o-Y) jump in consolidated net profit, attributable to owners, at Rs 3,101.75 crore in the second quarter of 2025-26 (Q2FY26) led by higher sales volumes in India and planned cost takeouts across geographies.
'India needs at least 70,000 to 80,000 eyewear stores; our 2,000 stores are just a drop in the ocean.'
'The steel industry has a multiplier effect on direct and indirect employment, national security on the supply chain, technology access etc.'
In September, Tesla and VinFast accounted for less than 0.5 per cent of all EV registrations.
GenAI smartphones are mobile devices that leverage large-scale, pre-trained GenAI models to create original content or perform contextually aware tasks.
Smartphone exports for the first six months (April to September) of 2025-26 (FY26) surged to $13.4 billion, based on industry estimates. Driven by the production-linked incentive (PLI) scheme, this marks a 59 per cent jump over the $8.5 billion exported during the same period of the previous financial year (2024-25/FY25).
Qualcomm is partnering with Indian firms like Lenskart to make smart glasses nearly as affordable as regular eyewear.
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