Business

IndiGo profit dives 78% in December quarter over flight disruptions

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IndiGo’s net profit plummeted 78% to Rs 549 crore in the December quarter, impacted by Rs 577 crore in operational disruptions and Rs 1,000 crore ...

General Atlantic bets on Balaji Wafers, to buy minority stake

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US private equity firm General Atlantic is acquiring a minority stake in Indian snack food maker Balaji Wafers for over Rs 2,000 crore. This investment ...

Walmart to cut 10 percent stake in PhonePe IPO

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Fintech giant PhonePe is preparing for its stock market debut, aiming to raise Rs 12,000 crore. Major investors Tiger Global and Microsoft are fully exiting ...

EU keeps preferential tariff list for Indian goods for 3 years

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India’s exports to the EU will continue to enjoy preferential tariffs on a specific list of products until December 2028, following a renotification by the ...

Government tells missions to push exports

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Indian missions are being instructed by the PMO and commerce department to prioritize trade engagement with all countries, regardless of current export size. This strategic ...

US inflation data: Fed’s preferred gauge stays above target; January rate cut pause in focus

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US inflation stayed high in November, exceeding the Federal Reserve’s target. This suggests policymakers will likely hold interest rates steady. Consumer spending showed strength, but ...

Eternal CEO transition: Zomato founder Deepinder Goyal gives up Rs 1,000 crore in stock options; what it means for shareholders

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Eternal founder Deepinder Goyal has returned over Rs 1,000 crore in unvested ESOPs, expanding the company’s pool by 16% to aid talent retention. This move ...

US markets today: Wall Street extends rebound as Trump eases tariff stance; global equities steady

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US equities climbed on Thursday, recovering losses as President Trump eased tariff threats linked to Greenland. Major indices saw gains, extending a relief rally sparked ...