Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January-March quarter of 2024-25, owing to higher revenues and an exceptional gain. For the quarter under review, L&T posted a consolidated net profit of Rs 5,497.3 crore, while revenue rose 10.9 per cent year-on-year (Y-o-Y) to Rs 74,392.28 crore.
'Tax rate and stock markets are entirely two different things.'
'If there is a military standoff eyeball to eyeball on the western border, the Chinese could create problems by making movements in the north, in our northeast, which could involve us tying down some forces there so that could stretch our military actions.'
India maintains "high" import duties on a wide range of American goods such as agricultural items, drug formulations, and alcoholic beverages, besides imposing non-tariif barriers, a US report has said. A day before announcing reciprocal tariffs, the US Trade Representative (USTR) released the 2025 National Trade Estimate (NTE) Report on March 31.
The US Fed interest rate decision, global trends, tariff-related developments and trading activity of foreign investors will drive the equity market movement this week, analysts said. Among macroeconomic data announcement, WPI inflation for February is scheduled to be announced on Monday.
'Expect India to keep doing well irrespective of geopolitics.'
Global trends, macroeconomic announcements and US tariff developments are expected to drive stock markets in a holiday-shortened week, analysts said. Market participants will also closely track foreign investor activity, geopolitical tensions, and their impact on the US dollar and crude oil prices, they added.
India has strongly rejected Pakistan's allegations of backing terrorism against that country following the Balochistan train attack. India said Islamabad should look inwards before shifting the blame on others for its "failures " and that the whole world knows "where the epicentre of global terrorism lies ". Pakistan, on the other hand, has accused India of "sponsoring terrorism " without directly implicating it in the Balochistan train attack that killed 21 passengers.
Market downturns or regulatory shifts can reduce liquidity, making it harder to buy or sell assets when needed.
Edtech firm Think and Learn, which owns Byju's brand, has not paid the July salary to employees as the company was unable to access its accounts due to a temporary stay granted by the Supreme Court on the NCLAT's decision, a top official said on Tuesday. On August 2, the National Company Law Appellate Tribunal (NCLAT) approved the Rs 158.9 crore dues settlement with BCCI and set aside insolvency proceedings against Byju's.
Amid liquidity tightness in the banking system, certificate of deposit (CD) rates topped 8 per cent for some smaller banks, with rates remaining on the higher side for derivatives loss-hit IndusInd Bank. On Thursday, CSB Bank raised Rs 100 crore via one-year CDs at 8.5 per cent, while Utkarsh Small Finance Bank issued three-month CDs at 8.05 per cent to raise Rs 50 crore.
Pope Francis shaped the Church he led. And in death, his reforms shape his farewell.
Delhi-based electric vehicle (EV) ride-hailing firm Evera Cabs, which grabbed headlines after acquiring 500 cars from the now-defunct cab service BluSmart, is stepping up its presence in the EV cab segment. The company is aiming for revenue of Rs 100 crore in the ongoing financial year (2025-26), up from Rs 18 crore in 2024-25.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The 'mediation' by the United States from behind the scene on the diplomatic track appears to be once again working, which calls on both Delhi and Islamabad to show restraint and pull back from a military confrontation, notes Ambassador M K Bhadrakumar.
Investors should tilt their portfolios towards domestic-facing defensive sectors, which should help provide stability and shield them from geopolitical and tariff risks.
Industry players said the sharp sell-off in February forced many companies to put off their listing plans
Anmol Singh Jaggi and Puneet Singh Jaggi, once hailed as rising stars in India's clean energy sector, are now facing serious regulatory action.
The possibilities of this serviceable thriller are immense but the makers prefer to play it safe and hold back the daredevil in the diplomat's clothing, observes Sukanya Verma.
'Even if India is attractive, FPIs currently lack the funds to invest, as money is being redirected to the US.'
Indian origin Hindus living in Europe and US are mulling opening overseas chapters of Prayagraj-based 'Ram Naam Bank' in their countries. On the occasion of Ram Navami on Sunday, the idea of opening a Ram Naam Bank was discussed among the devotees in Sweden.
The official said there are both challenges and opportunities for India as many of its competitor countries in exports, such as China Vietnam, Bangladesh, Cambodia and Thailand, face higher duties.
Investors should avoid making drastic changes to their asset allocation during a market correction.
Brendan Lynch, the assistant US trade representative for South and Central Asia, will pay a five-day visit to India beginning Tuesday, days before US President Donald Trump's tit-for-tat tariff kicks in. The senior US trade official is expected to hold talks with Commerce Minister Piyush Goyal besides meeting a number of senior Indian officials.
It took Udham Singh 21 years to avenge the massacre of Jallianwala Bagh. And 34 years for his remains to return to India after execution in a British prison.
Currently, deposits of up to Rs 5 lakh are covered under the deposit-insurance scheme.
Raising overseas debt has become prohibitively expensive due to the depreciating rupee.
India's Venture Capital (VC) ecosystem exhibited robust growth in 2024, with funding surging 43 per cent year-on-year to $13.7 billion, according to a report. This recovery was fuelled by a 45 per cent rise in deal activity, with 1,270 transactions recorded, reinforcing India's position as the second largest market for venture capital and growth funding in the Asia-Pacific region, the report by Bain & Company and IVCA said.
Putin is keen on establishing a good personal rapport with Trump and anchor a meaningful US-Russia partnership, realistic enough to accept that Trump is as good an American president as Russia would ever get, observes Ambassador M K Bhadrakumar.
'There is no question that Putin's preference will be to avoid unpleasantness with Trump, leave alone a collision course,' observes Ambassador M K Bhadrakumar.
ONGC's overseas arm applied for a sanctions waiver to access $500 million dividend from two Venezuelan projects.
The Budget should undertake further reductions in import tariffs and seriously consider an announcement of India's intention to join one or both of the two Asian mega-regional free trade agreements, suggests Shankar Acharya, former chief economic adviser to the Government of India.
The real intention of the 'Tariff Man' (as Trump calls himself) may not even be to put the 'Tariff King' (as he describes India) on the mat with a knockout punch but to arm-twist the Indian leadership to agree to some multi-billion dollar mega arms deal, argues Ambassador M K Bhadrakumar.
Security experts have warned that using Signal for discussions of this nature violates every established protocol for handling classified information.
'The increase in the limit for TDS on interest to Rs 1 lakh will ensure greater cash flow in the hands of senior citizens.'
'Peninsular Indians could ask 'Why should we contribute half of India's tax revenues if we account for only a quarter of the seats in the Lok Sabha?'.' 'The rest of the country seems likely to counter that 'democracy means one vote per person irrespective of where that person resides in India'.' 'With no easy answers to this thorny debate, the south's economic ascendancy could end up creating a Hobson's choice.' A revealing excerpt from Nandita Rajhansa and Saurabh Mukherjea's book, Behold the Leviathan: The Unusual Rise of Modern India.
India has raised concerns with the US over the recent deportation of 104 Indian immigrants, with Foreign Secretary Vikram Misri revealing that US authorities have identified up to 487 presumed Indian citizens with "final removal order." Misri also highlighted the "ecosystem to promote illegal migration" and stressed the need for action against those involved in facilitating such operations.
The Sri Lankan Navy has arrested 32 Indian fishermen and seized five fishing boats for allegedly venturing into the island nation's territorial waters. This incident is the latest in a series of arrests of Indian fishermen by the Sri Lankan Navy for alleged illegal fishing activities. The issue of fishermen is a contentious one in the relationship between India and Sri Lanka, with past incidents involving firing at fishermen and seizures of boats. This latest incident follows an earlier arrest of 10 Indian fishermen earlier this month and an incident in January where five Indian fishermen were injured after the Sri Lankan Navy fired on them. India has expressed its displeasure regarding the use of force by Sri Lanka.
India and the United States will finalize the contours, schedule of negotiations, and terms of reference for a proposed bilateral trade agreement (BTA) during a three-day meeting beginning Tuesday. The agreement is expected to be finalized in two tranches, with the first phase focusing on goods trade. The US team, led by Assistant US Trade Representative for South and Central Asia Brendan Lynch, will be in India from March 25-29 to discuss the agreement. Both countries are aiming to conclude the first phase of the agreement by fall 2025.
In Debasish Panda's last board meeting as chairperson of the Insurance Regulatory and Development Authority of India (Irdai), the regulator approved the "R2" licence for Kamlesh Goyal and Prem Watsa-backed Value Attics Reinsurance, making it the first private-sector Indian reinsurer after GIC Re, the public-sector reinsurer. "The authority reviewed and approved the R2 application of Value Attics Reinsurance, making it the first private-sector reinsurer after GIC Re, the public-sector reinsurer.
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