July 23, 2025
Headlines
Nothing 2025 07 07T160411.933

Siemens Energy India Posts 36.34% Rise In Net Profit At ₹246.1 Crore, Driven By Power Transmission & Generation Income

Business News Desk08 mins

Siemens Energy India reported a robust performance for the latest quarter, registering a 36.34% year-on-year rise in net profit to ₹246.1 crore, driven primarily by strong revenue growth from its power transmission and generation segments. The announcement, made after the Board meeting held recently, signals a strengthening of India’s energy infrastructure sector amid rising domestic…

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IIT Madras To Raise Rs 200 Crore For Its Maiden VC Fund, Targeting Deeptech Startups And Global Impact

Business News Desk09 mins

In a landmark initiative aimed at strengthening India’s deeptech ecosystem, the Indian Institute of Technology Madras (IIT Madras) has announced plans to raise Rs 200 crore for its maiden venture capital (VC) fund, with a vision to nurture and scale up promising startups emerging from its rich research and innovation pipelines. The bold vision behind…

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‘We believe in shortcuts…’: VC Founder Slams India’s ‘Chalta Hai Mindset’, Calls Out Brutal Execution Gaps In Startups And Enterprises

Business News Desk08 mins

In a hard-hitting commentary that has sparked intense discussion across India’s startup and corporate corridors, a leading venture capital founder has criticised what he describes as the nation’s deeply entrenched “chalta hai mindset” – an attitude of settling for mediocrity and shortcuts instead of striving for rigorous execution and excellence. The viral post that triggered…

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Deloitte Consultant Questions Kunal Shah Over Rs 5,200 Cr Startup Losses; CRED Chief Responds With Calm Clarity

Business News Desk08 mins

India’s fintech unicorn CRED, founded by serial entrepreneur Kunal Shah, has found itself in the spotlight again after a Deloitte consultant publicly questioned its mounting losses, which touched Rs 5,200 crore (approx. $630 million) over recent fiscal years. The conversation, which went viral across LinkedIn and X (formerly Twitter), sparked a wider debate on startup…

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Capgemini To Buy IT Firm WNS For $3.3 Billion To Boost AI Capabilities

Business News Desk09 mins

In a major strategic move poised to reshape the global IT and business process management (BPM) landscape, French technology consulting giant Capgemini has announced its plan to acquire Indian-origin BPM firm WNS Global Services for approximately $3.3 billion. This all-cash deal marks one of the largest acquisitions in the IT-BPM sector in recent years and…

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Dassault Aviation Share Price Jumps After India’s Rebuttal On Losing Rafale Jets During Operation Sindoor

Business News Desk09 mins

In a strong show of investor confidence, Dassault Aviation’s share price surged on Monday, following India’s categorical denial of reports suggesting that it had lost Rafale fighter jets during the recently concluded Operation Sindoor. The rally comes as a reassurance to stakeholders who were concerned about the potential dent in the Rafale programme’s credibility and…

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India’s Liquidity Surplus Unlikely To Push Up Bank Credit Growth, Say JP Morgan Economists

Business News Desk08 mins

India’s recent banking system liquidity surplus, which crossed ₹2 lakh crore in early July, may not necessarily translate into accelerated bank credit growth, according to economists at JP Morgan. Their latest analysis suggests that structural and demand-side factors could keep credit expansion moderate despite abundant liquidity in the financial system. Key Highlights India Banking System…

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HDFC Bank Posts Strong Q1 FY26 Growth: Deposits And Advances Surge On Robust Retail, Corporate Lending Momentum

Business News Desk07 mins

HDFC Bank, India’s largest private sector lender by assets, has reported robust growth in its Q1 FY26 business update, with significant expansion in deposits and advances, highlighting sustained retail credit demand and strong corporate lending momentum despite a high interest rate environment. Key Highlights HDFC Bank Q1 FY26 Snapshot Particulars June 2024 (₹ lakh cr)…

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Ultratech Cement Chief Legal Officer Resigns Amid Intensifying CCI Cement Cartel Probe

Business News Desk07 mins

In a significant development for India’s cement industry, Ultratech Cement’s Chief Legal Officer (CLO) has tendered his resignation amid the ongoing Competition Commission of India (CCI) investigation into alleged cartelisation practices among top cement producers. The resignation comes at a time when the sector is under intense regulatory scrutiny, with implications for corporate governance, compliance…

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US Dollar Suffers Worst Start In 50 Years, Plunges 10% In H1 2025; Economists Warn Of Prolonged Decline Ahead

Business News Desk08 mins

The US dollar has recorded its worst start to a year in over five decades, dropping by nearly 10% in the first half of 2025 against a basket of major currencies, as per market data released this week. Economists and strategists are warning of a prolonged period of weakness, driven by shifting global interest rate…

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