Business News: Economy & Markets

Lenskart IPO: Promoter Sumeet Kapahi’s degree, marksheets missing, shows DRHP

IANS | July 29, 2025 2:56 PM

Mumbai, July 29 (IANS) As eyewear retailer Lenskart took its first step towards going public by filing its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), one unusual disclosure stood out as the company revealed that the degree certificate and marksheets of one of its promoters, Sumeet Kapahi, are not traceable.

Jubilant Pharmova clocks nearly 79 pc drop in net profit to Rs 103 crore

IANS | July 29, 2025 2:21 PM

Mumbai, July 29 (IANS) Jubilant Pharmova Limited on Tuesday reported a sharp fall of 78.6 per cent in its net profit to Rs 103 crore for the first quarter of the financial year 2025-26 (Q1 FY26), compared to Rs 482 crore in the same quarter previous year (Q1 FY25).

GCCs to contribute 2 pc of India’s GDP, likely to generate 2.8 million jobs by 2030

IANS | July 29, 2025 1:54 PM

New Delhi, July 29 (IANS) Global Capability Centres (GCCs) are forecast to contribute 2 per cent of India’s GDP and generate 2.8 million jobs by 2030, a report said on Tuesday.

Apple drives India to become biggest smartphone exporter to US in April-June, pips China

IANS | July 29, 2025 1:38 PM

New Delhi, July 29 (IANS) The share of US smartphone shipments assembled in China shrank from 61 per cent in Q2 2024 to 25 per cent in Q2 2025 and most of this decline has been picked up by India, according to a new report.

India's industrial and logistics sector hits new leasing peak in H1 2025; E-com among top contributors

IANS | July 29, 2025 12:44 PM

New Delhi, July 29 (IANS) Overall industrial and logistic (I&L) leasing in India has marked a new peak during the January-June period (H1 2025), surging 63 per cent year-on-year (YoY) to 27.1 million square feet across the top eight cities, a report said on Tuesday.

India projected to see salary hikes between 6.2-11.3 pc across industries in FY26

IANS | July 29, 2025 12:09 PM

New Delhi, July 29 (IANS) Employers across key industries in India are planning measured yet meaningful compensation increases in current fiscal, with salary increments projected to range between 6.2 per cent and 11.3 per cent across sectors, and some city and role-level salary increments are expected to reach up to 13.8 per cent, according to a report on Tuesday.

Financial discipline drives momentum in Indian real estate sector, bank credit surges: Report

IANS | July 29, 2025 11:43 AM

New Delhi, July 29 (IANS) India’s real estate sector has significantly improved its financial discipline, resulting in more credit from banks, credit rating upgrades and investor enthusiasm, according to a report on Tuesday.

Indian real estate sector turns optimistic for future growth amid robust sentiment: Report

IANS | July 29, 2025 11:08 AM

Mumbai, July 29 (IANS) India’s real estate stakeholders appear to be responding positively to improving macroeconomic indicators, a report said on Tuesday, as the Sentiment Index rose to 56 in April-June period (Q2) from 54 in Q1 this year, snapping a four-quarter downward streak.

More negotiations needed with India to sign trade deal: Jamieson Greer

IANS | July 29, 2025 10:32 AM

New Delhi, July 29 (IANS) The US administration has said that more negotiations are needed with India to sign a bilateral trade deal, as the deadline of August 1 for reciprocal tariffs inches closer.

Procter & Gamble names Indian-origin Shailesh Jejurikar as CEO

IANS | July 29, 2025 10:27 AM

New Delhi, July 29 (IANS) US consumer goods giant Procter & Gamble (P&G) announced on Tuesday that Shailesh Jejurikar will become the company's next President and Chief Executive Officer (CEO) on January 1, 2026.

Business

Lenskart IPO: Promoter Sumeet Kapahi’s degree, marksheets missing, shows DRHP

Jubilant Pharmova clocks nearly 79 pc drop in net profit to Rs 103 crore

GCCs to contribute 2 pc of India’s GDP, likely to generate 2.8 million jobs by 2030

Apple drives India to become biggest smartphone exporter to US in April-June, pips China

India's industrial and logistics sector hits new leasing peak in H1 2025; E-com among top contributors

India projected to see salary hikes between 6.2-11.3 pc across industries in FY26

Financial discipline drives momentum in Indian real estate sector, bank credit surges: Report

Indian real estate sector turns optimistic for future growth amid robust sentiment: Report

More negotiations needed with India to sign trade deal: Jamieson Greer

Procter & Gamble names Indian-origin Shailesh Jejurikar as CEO

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