Business News

Business

PAG Secures Majority Stake in Pravesha Industries: A Strategic Move in India's Packaging Sector

Hong Kong's PAG acquires a controlling stake in Pravesha Industries for $200 million, marking its second major investment in India's packaging sector within months. This strategic ...

Business

India's Business Confidence Soars: A Significant Uptick in Q3 of 2024-25

India's business confidence has seen a significant improvement in the third quarter of 2024-25, with the Business Confidence Index rising to 138.4, up from 134.3 in the previous qu...

Business

Diageo India Announces Praveen Someshwar as New CEO, Marking a New Chapter

Diageo India appoints Praveen Someshwar as CEO, succeeding Hina Nagarajan. Someshwar, with a rich background at HT Media and PepsiCo, is set to lead from March 1. Nagarajan transit...

Business

December Sees Retail Inflation Drop to a 4-Month Low at 5.2%, Signaling Easing Food Prices

Retail inflation in India fell to a four-month low of 5.2% in December, driven by lower food prices, yet remains above the 5% threshold. The moderation in food prices, especially v...

Business

Rupee Hits Two-Year Low: Impact of Russian Oil Sanctions and Strong Dollar

The Indian rupee fell sharply to a two-year low, impacted by US dollar strength and Russian oil sanctions. RBI's cautious intervention and global economic trends are influencing th...

Business

HCLTech Reports a 4% Revenue Growth in December Quarter, Signaling a Strong Recovery

HCLTech reports a 4.1% increase in constant currency revenue growth for the December quarter, with a revised annual revenue guidance of 4.5-5%. The growth is attributed to recovery...

Business

Sajjan Jindal on India's Industrial Future: Tariffs, China, and a $70 Billion Investment Plan

Sajjan Jindal, chairman of JSW Group, discusses the necessity of tariffs to protect India's industries from Chinese dumping, the challenges of competing with China's manufacturing ...

Business

Robinhood's Broker-Dealers Face SEC Charges Over Multiple Securities Law Violations

The SEC has charged Robinhood's broker-dealers with multiple securities law violations, resulting in a $45 million settlement. The charges include failure to investigate suspicious...