Business News: Economy & Markets

India’s chip market poised to scale $110 billion by 2030

IANS | August 3, 2025 5:47 PM

New Delhi, Aug 3 (IANS) India's transformation from a consumer to a key manufacturer in the global semiconductor value chain, with the chip market targeted to touch $100 to 110 billion by 2030, is being driven by strategic initiatives launched by the government - the India Semiconductor Mission rolled out with an investment of Rs 76,000 crore, the SEMICON India Programme and global partnerships such as iCET, according to an official statement issued on Sunday.

ITR Filing 2025: Key rules, deductions when choosing between new and old tax regimes

IANS | August 3, 2025 3:46 PM

New Delhi, Aug 3 (IANS) With the income tax return (ITR) filing date extended to September 15, taxpayers have more time to decide whether to choose the old or new tax regime.

NMDC records over 42 pc jump in iron ore production in July

IANS | August 3, 2025 3:06 PM

New Delhi, Aug 3 (IANS) Public sector mining major NMDC has recorded a 42.4 per cent jump in iron ore production to 3.09 million tonnes (MT) in July this year, compared to the corresponding figure of 2.17 MT in the same month last year.

Centre cuts prices of 35 essential medicines

IANS | August 3, 2025 2:17 PM

New Delhi, Aug 3 (IANS) In a move to make medicines more affordable for patients, the National Pharmaceutical Pricing Authority (NPPA) has reduced the retail prices of 35 essential drugs sold by leading pharmaceutical companies.

Top 10 largest firms shed Rs 1.35 lakh crore in a week; IT firms lead losses

IANS | August 3, 2025 2:07 PM

New Delhi, Aug 3 (IANS) The combined market valuation of seven of the 10 most valued firms in India lost Rs 1.35 lakh crore in market capitalisation last week, with tech giant Tata Consultancy Services (TCS) suffering the biggest loss.

Finolex Industries Q1 profit crashes 80 pc YoY, revenue down over 8 pc

IANS | August 3, 2025 2:05 PM

Mumbai, Aug 3 (IANS) Finolex Industries Ltd has reported a sharp decline in both profit and revenue for the first quarter of the current financial year (Q1 FY26), according to an exchange filing.

ChatGPT may face capacity crunches ahead of GPT-5 launch: Sam Altman

IANS | August 3, 2025 1:00 PM

New Delhi, Aug 3 (IANS) US artificial intelligence (AI) firm OpenAI CEO Sam Altman has called for patience from ChatGPT users, noting that the upcoming feature launches and new model releases could cause "probable hiccups and capacity crunches".

FPIs offload Rs 17,741 crore in July, trend may reverse after trade tensions wane

IANS | August 3, 2025 11:34 AM

New Delhi, Aug 3 (IANS) As foreign portfolio investors (FPIs) became net sellers in the Indian equity market in July, analysts said on Sunday that continuous FPI inflows can be expected once global trade tensions settles.

Traders should wait and watch as derivatives data shows indecisiveness

IANS | August 3, 2025 11:15 AM

Mumbai, Aug 3 (IANS) Based on the F&O rollover data, traders should prepare for volatility spikes and a range-bound-to-bearish period in the near future, analysts said on Sunday.

Google says reviewing CCI orders over alleged AdTech market dominance

IANS | August 3, 2025 9:45 AM

New Delhi, Aug 3 (IANS) Google on Sunday said it is reviewing the Competition Commission of India (CCI) orders into its conduct in the online display advertising market.

Business

India’s chip market poised to scale $110 billion by 2030

ITR Filing 2025: Key rules, deductions when choosing between new and old tax regimes

NMDC records over 42 pc jump in iron ore production in July

Centre cuts prices of 35 essential medicines

Top 10 largest firms shed Rs 1.35 lakh crore in a week; IT firms lead losses

Finolex Industries Q1 profit crashes 80 pc YoY, revenue down over 8 pc

ChatGPT may face capacity crunches ahead of GPT-5 launch: Sam Altman

FPIs offload Rs 17,741 crore in July, trend may reverse after trade tensions wane

Traders should wait and watch as derivatives data shows indecisiveness

Google says reviewing CCI orders over alleged AdTech market dominance

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