British American Tobacco Plc (BAT) on Wednesday divested a 2.5 per cent stake in Indian conglomerate ITC Ltd for Rs 12,941 crore through open market transactions, reducing its shareholding in the FMCG giant to 22.94 per cent from 25.44 per cent.According to bulk deal data available with the National Stock Exchange (NSE), BAT’s affiliate Tobacco…
N Chandrasekaran, Chairman of Tata Sons N Chandrasekaran, Chairman of Tata Sons, has stepped down from his roles as Chairman and Director of Tata Chemicals, effective May 29, 2025. The announcement was made via a regulatory filing, with the Board of Directors acknowledging his resignation during a meeting held on Wednesday, according to news agency…
India’s industrial production growth decelerated to 2.7% in April 2025, down from 5.2% recorded in the same month a year ago, as the mining, manufacturing, and power sectors showed weaker performance, official data revealed today. The Index of Industrial Production (IIP) for April 2025 showed a notable slowdown after the 5.2% growth in April 2024.According…
The Cabinet Committee on Economic Affairs (CCEA), under Prime Minister Narendra Modi‘s chairmanship, has sanctioned two significant railway multitracking projects in Maharashtra and Madhya Pradesh. These infrastructure developments, estimated at Rs 3,399 crore, are scheduled for completion in 2029-30.The sanctioned initiatives comprise: Ratlam-Nagda 3rd and 4th railway lines Wardha-Balharshah 4th railway line The projects will…
NEW DELHI: Delhi’s Indira Gandhi International Airport has earned distinction as the only Indian airport ranked among the top 10 hub airports in the Asia-Pacific and Middle East region, according to the 2024 Air Connectivity Ranking released by Airports Council International (ACI) for Asia-Pacific (APAC) and Middle East (MID).Dubai International Airport leads the rankings, while…
NEW DELHI: Adani Ports and Special Economic Zone (APSEZ), India’s largest private port operator, is set to re-enter the domestic bond market after a 17-month break, with plans to launch its biggest-ever rupee-denominated debt issue, according to three merchant bankers on Wednesday.The company aims to secure up to 50 billion rupees ($583.57 million) through 15-year…
India-US trade deal: The focus remains on securing an interim trade arrangement before finalising the first phase of the bilateral trade agreement. (AI image) India-US trade deal: A bilateral trade agreement between US President Donald Trump-led US and PM Narendra Modi-led India could be sealed as early as the end of June. A delegation of…
The government has established a target of Rs 30,000-crore in defence exports for this fiscal year. (Image of K9 Vajra) Larsen & Toubro (L&T) plans to expand its defence business into a multi-billion dollar enterprise, significantly higher than Rs 6,185 crore (approximately $726 million at current exchange rates) in orders from the previous financial year,…
NSE shares have traded at prices up to Rs 2,000 ($23) recently, with demand significantly exceeding supply. (AI image) NSE IPO: The National Stock Exchange of India Ltd.’s valuation has reached $58 billion (Rs 5 lakh crore) in private markets, as anticipation builds for a potential listing of India’s largest equity-derivatives exchange, according to individuals…
Gold pared some of the gains witnessed last week. (AI image) Gold price prediction today: Gold rate has been swinging in the last few weeks and has recently pared gains. Global uncertainties make gold a safe haven bet, but the flow of relatively better news internationally, especially on Donald Trump’s tariff front, is taking the…
