Business News

Business

Andhra Pradesh Welcomes Indichip Semiconductors' Rs 14,000 Crore SiC Chip Facility

Indichip Semiconductors Ltd, in partnership with Yitoa Micro Technology, signs a Rs 14,000 crore deal with Andhra Pradesh to set up India's first private semiconductor facility, fo...

Business

Leadership Shuffle at D-Mart: Anshul Asawa to Take Helm as CEO in 2026

Avenue Supermarts announces Anshul Asawa as CEO Designate for D-Mart, with Neville Noronha stepping down in 2026. Asawa, from Unilever, brings extensive leadership experience. Noro...

Business

D-Mart's Q3 Earnings Soar: A 4.8% Jump to Rs 723.5 Crore Net Profit

Avenue Supermarts Ltd, owner of D-Mart, reported a 4.8% increase in Q3 net profit to Rs 723.54 crore, with revenue up 17.68% to Rs 15,972.55 crore. CEO Neville Noronha highlighted ...

Business

India Shatters Records with 30 GW Renewable Energy Surge in 2024

India achieved a record 30 GW renewable energy capacity addition in 2024, a 113% increase from 2023, moving closer to its 500 GW target by 2030. This growth highlights India's comm...

Business

EMA Partners India Announces SME IPO Launch on January 17 Aiming to Raise Rs 76 Crore

EMA Partners India is set to launch its SME IPO on January 17, aiming to raise Rs 76 crore. The IPO offers a fresh issue of equity shares and an offer for sale by promoters, with p...

Business

India's Industrial Growth to Dip to 6.2% in FY25, with Signs of Revival in the Latter Half

India's industrial growth is expected to slow to 6.2% in FY25 due to a subdued manufacturing performance in the first half. However, signs of recovery are emerging for the second h...

Business

Laxmi Dental Attracts Rs 314 Crore from Anchor Investors Pre-IPO, Setting Stage for Public Offering

Laxmi Dental has raised Rs 314 crore from anchor investors before its IPO, with a public subscription set for January 13-15. The company, offering a range of dental products, plans...

Business

Meta's Civil Rights Chief Announces Departure Amid Major Policy Shifts

Roy Austin, Meta's Vice President for Civil Rights, is leaving the company amidst major policy shifts, including the end of fact-checking and DEI programs. His departure marks a si...