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Cabinet approves HCL-Foxconn joint venture under semiconductor mission
The Union Cabinet on Wednesday approved a semiconductor manufacturing facility by HCL and Foxconn under the India Semiconductor Mission.
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China's Ant Group sells $246 million worth of Paytm shares in block trade
China's Ant Group has offloaded 25.5 million shares of fintech firm Paytm in a block trade, raising approximately $246 million. The shares were sold at ₹823.10 ($9.69) apiece, according to a term sheet reviewed by sources.
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US, China agree to bring down reciprocal tariffs by 115% for 90 days
Amid ongoing discussions regarding a trade agreement, the United States and China have jointly declared a 90-day pause on a portion of their existing tariffs, as outlined in a statement released by both countries.
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Avendus raises Rs 1,000 cr in first close of third structured credit fund
Avendus has raised more than Rs 1,000 crore in the first close of its third structured credit fund, as demand from high-net-worth individuals (HNIs) and family offices for customised private debt solutions grows in India’s evolving credit market.
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KFC operator Sapphire Foods Q4 profit remains flat, revenue up 13%
Sri Lanka restaurant EBITDA margin improved by 250 basis points year-on-year to 14.8 per cent. Sales grew 19 per cent in LKR (Sri Lankan rupee) terms and 31 per cent in rupee terms. This quarter marked the culmination of a strong turnaround for the Sri Lanka business over the year.
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Union Bank's ₹7.25 cr book purchase faces heat amid Subramanian's IMF exit
The report comes amid Subramanian's recent exit from his post as India’s executive director at the International Monetary Fund (IMF), six months ahead of schedule.
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Apple to make all iPhones in India in coming years: Jyotiraditya Scindia
Union Telecom Minister Jyotiraditya Scindia has said that Apple will manufacture all iPhones in India in the coming years.
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Can Fin Homes targets 20% disbursement growth in FY26 on rate relief
The housing finance company faced challenges in two of its major markets — Karnataka and Telangana — in FY25. Business in Karnataka was affected by delays in the registration of property sale transactions.
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Macrotech Developers to launch Rs 19k crore housing projects this fiscal
Realty firm Macrotech Developers Ltd plans to launch housing projects worth Rs 19,000 crore across Mumbai Metropolitan Region, Pune and Bengaluru during this fiscal as it seeks to expand business amid strong demand for residential properties.