Business

New Delhi: Indian IT services industry is likely to register a second consecutive year of muted revenue growth, estimated at 4-6 per cent in FY2025, but the operating profit margin is expected to be healthy, according to ICRA. The persisting challenges and tepid topline growth...

New Delhi: Welcoming the GST Council’s reduction in tax rates on essential cancer drugs, experts Tuesday said that it is a crucial step and will make life-saving medicines more affordable and accessible to patients. In a significant development for cancer patients across India, the GST...

New Delhi: The GST Council will take a call on reducing tax rate on premiums of health and life insurance policies at its next meeting in November, an issue which was raised by Opposition parties in the last Parliament session. Briefing reporters on decisions taken...

New Delhi: NASA has selected Indian private spacecraft company Pixxel for a new contract to provide Earth-observation data and services. Pixxel, which specialises in hyperspectral imaging and Earth observation, is one of the eight companies selected for NASA's $476 million "Commercial SmallSat Data Acquisition Programme...

New Delhi: In a significant move, the US State Department Monday announced a partnership with India to diversify the global semiconductor ecosystem under the International Technology Security and Innovation (ITSI) fund. The initial phase of the partnership includes a comprehensive assessment of India's existing semiconductor...

Mumbai: Benchmark Sensex bounced back from early lows to close higher by nearly 376 points Monday, snapping its four-day losing run following a rally in blue-chips ICICI Bank, HUL and HDFC Bank. The 30-share BSE Sensex rebounded 375.61 points or 0.46 per cent to settle...

New Delhi: India and the United Arab Emirates Monday inked four agreements to expand energy cooperation as Prime Minister Narendra Modi held wide-ranging talks with Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, focusing on boosting overall strategic ties. An Agreement...

New Delhi: India's defence export is estimated to grow at 18 per cent CAGR (compound annual growth rate) from FY24-FY30, driven by the 'Make in India' initiative and thrust on local manufacturing. According to global investment firm Jefferies, which cited factors such as geopolitical tensions...

New Delhi: Prime Minister Narendra Modi held bilateral discussions with the Crown Prince of Abu Dhabi, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, at Hyderabad House Monday. The Prime Minister received the Abu Dhabi Crown Prince and the two leaders greeted each other with...

New Delhi: As the adoption of electric vehicles (EVs) increase in the country, the cost of EVs will almost match petrol and diesel vehicles within the next two years, Union Minister for Road Transport and Highways, Nitin Gadkari, said Monday. Addressing an event here organised...