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Indian-news

   Stock-news

 04 Apr 2025 08:35 PM   EconomicTimes

MMRDA gets record bids from Brookfield, Sumitomo for 3 plots in Mumbai’s BKC

Brookfield Asset Management and Japan's Sumitomo Corporation emerged as top bidders for plots auctioned by The Mumbai Metropolitan Region Development Authority in Bandra-Kurla Complex. Brookfield bid Rs 387,000 per sq meter for over 2 acres, while Sumitomo bid Rs 482,000 per sq meter for two plots totaling 3.2 acres. Proceeds will fund infrastructure projects.

 04 Apr 2025 08:30 PM   EconomicTimes

NCLT approves Nuvoco Vistas's bid for Vadraj Cement

The insolvency tribunal NCLT has approved Nirma Group's Nuvoco Vistas acquisition of the debt-ridden Vadraj Cement, involving an upfront payment of Rs 1,800 crore. This acquisition boosts Nuvoco's cement capacity to approximately 31 MTPA, establishing it as India's fifth-largest cement producer.

 04 Apr 2025 08:27 PM   EconomicTimes

NCLAT dismisses plea against liquidation of Go First

The NCLAT dismissed petitions against Go First's liquidation, supporting an earlier NCLT ruling. Busy Bee Airways and others contested the NCLT's order, citing significant assets and a potential buyout, but the tribunal found no issues with the liquidation decision.

 04 Apr 2025 07:12 PM   EconomicTimes

Union Bank of India reports 8.6 pc loan growth in Q4

Union Bank of India reported an 8.6 per cent credit growth to Rs 9.82 lakh crore in the March 2025 quarter. Total business rose 7.8 per cent to Rs 22.92 lakh crore. Similarly, J&K Bank and Ujjivan Small Finance Bank posted significant increases in advances and deposits.

 04 Apr 2025 07:08 PM   EconomicTimes

India to manufacture regional aircraft: Civil Aviation minister

India is set to locally develop a regional transport aircraft, likely to be a 90-seat model, by 2026. A technology license agreement for the Hansa-3 (NG) trainer aircraft has been signed to facilitate manufacturing and commercialisation. This collaboration marks significant progress in India's aviation sector and pilot training capabilities.

 04 Apr 2025 06:42 PM   EconomicTimes

LIC dismisses USTR's report of insurer enjoying unfair competitive advantage

LIC has countered the US Trade Representative's claims of receiving special treatment in the Indian market, emphasizing its operation in a competitive environment for 25 years without favoritism. LIC urged for a balanced understanding of its role in financial inclusion and policyholder protection.

 04 Apr 2025 06:17 PM   EconomicTimes

Vedanta Q4 mined metal, aluminium, iron ore, saleable steel production rises; oil & gas output drops

Vedanta reported growth in production of aluminum by 1 per cent and mined metal by 4 per cent in Q4 FY25. Copper cathode production increased by 41 per cent, and iron ore output rose 22 per cent. However, oil and gas production saw an 18 per cent decline.

 04 Apr 2025 06:12 PM   EconomicTimes

Kolkata office transactions at 0.16 mn sq ft, residential sales reach 3,858 units in Q1 2025

In Q1 2025, Kolkata’s real estate market saw a 16% decline in office space transactions but a 9% rise in office rents. Residential sales slightly dipped but luxury properties surged by 149%. Despite lower transaction volumes, the market shows resilience with increased demand for premium spaces and new project launches.

 04 Apr 2025 05:46 PM   EconomicTimes

Higher US tariffs on rival manufacturing hubs can open up opportunities for India: MAIT

The US is imposing 26 per cent tariffs on India, which may create challenges; however, India's relative advantage over competing nations like China, Vietnam, and Thailand, facing higher levies, could increase its appeal in global supply chains. This could favour India's role in electronics and IT hardware manufacturing.

 04 Apr 2025 05:36 PM   EconomicTimes

Your next BMW or Mercedes may come with spa features

The Lincoln Nautilus blends high-tech comfort with wellness features such as a panoramic color display, massaging seats, and ambient lighting. These elements aim to enhance passenger comfort and well-being, reflecting a broader trend in the luxury automotive market towards holistic user experiences.

 04 Apr 2025 05:24 PM   EconomicTimes

Cathay Pacific places order for 100 new aircraft, deliveries commence this year: Official

Cathay Pacific is investing HKD 100 billion in acquiring 100 new generation aircraft over five years. The airline expects a 25% growth in cargo from South India, boosted by Apple products and pharma exports. Cathay operates 39 return passenger flights per week from India, increasing to 43 by September 2025, and anticipates increased cargo with Foxconn's new facility in Hyderabad.

 04 Apr 2025 04:51 PM   EconomicTimes

US tariffs set to cripple India's diamond industry, hurting jobs, exports

India's diamond polishing hub in Surat faces significant challenges as the U.S. imposes a 27% tariff on gem and jewellery exports, jeopardizing thousands of jobs. With the U.S. market accounting for a major share of exports, the tariffs are expected to severely impact demand and industry stability.

 04 Apr 2025 04:16 PM   EconomicTimes

Trump tariff war may put India in the race for smartphone jobs

US President Trump's new tariffs may drive Apple and Samsung to increase smartphone production in India, benefiting from lower tariffs compared to Chinese goods. India's potential bilateral trade agreement with the US could further incentivise this shift. However, competition from countries like Saudi Arabia, UAE, and Brazil with lower tariffs remains a concern for India's electronics manufacturing sector.

 04 Apr 2025 03:52 PM   EconomicTimes

Bankruptcy court okays Vadraj Cement’s acquisition by Nuvoco Vistas Corp

The National Company Law Tribunal's Mumbai bench has approved Nuvoco Vistas Corp Ltd's acquisition of Gujarat-based Vadraj Cement for Rs 1,800 crore. This acquisition will enhance Nuvoco's cement production capacity to 31 million metric tonnes annually. The successful bidder will pay financial and operational creditors a total of Rs 1,800 crore within 45 days.

 04 Apr 2025 03:13 PM   EconomicTimes

Cabinet announces Rs 18,000 cr railway projects for three states; Chhatisgarh gets the biggest bite

The Union Cabinet approved four railway multitracking projects in Maharashtra, Odisha, and Chhattisgarh, investing Rs 18,658 crore. These projects, spanning 1,247 km, include a new line in Chhattisgarh, line doubling in Maharashtra, and additional lines in Odisha. Expected benefits include increased connectivity, reduced logistics costs, and significant employment generation during construction.

 04 Apr 2025 02:59 PM   EconomicTimes

Akasa Air starts operations in Bihar, connecting Darbhanga to Delhi & Hyderabad

Akasa Air has launched daily through-flights between Darbhanga and Hyderabad, with a stopover in Delhi, enhancing connectivity for Bihar. The inaugural flight was officiated by the Civil Aviation Minister and reinforces the airline’s commitment to improving air travel between major metros and regional cities across India.

 04 Apr 2025 02:55 PM   EconomicTimes

People Tree Hospital Secures 25 Million USD (₹220 Crores) Investment from BlackRock to Expand Existing Capacity to 400 Beds