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business

Inaugural ‘WAVES Bazaar’ to see deals worth Rs 1,000 crore: Govt

IANS | May 4, 2025 7:29 AM

Mumbai, May 4 (IANS) The inaugural edition of ‘WAVES Bazaar’ was likely to see business transactions worth over Rs 1,000 crore, as deal-making was still underway, according to the government.

Centre committed to build creator-first ecosystem in India: Minister

IANS | May 4, 2025 7:18 AM

Mumbai, May 4 (IANS) The government is committed to build a creator-first ecosystem backed by policies, production incentives and strong intellectual property protections, Minister of State for Information and Broadcasting, Dr L Murugan, has said.

India’s creator economy can unlock $125 bn in direct ecosystem revenue by 2030

IANS | May 3, 2025 6:11 PM

Mumbai, May 3 (IANS) Even as India’s creator economy is rapidly transforming the digital landscape, it has the potential to unlock $100-125 billion in direct ecosystem revenue in the next five years, according to a report released on Saturday.

Indian Oil’s sales volume, including exports, crosses 100 MMT for 1st time

IANS | May 3, 2025 5:59 PM

New Delhi, May 3 (IANS) In a significant feat for the Indian oil sector, state-run Indian Oil Corporation on Saturday said its total sales volume, including exports, has crossed 100 million metric tonnes (MMT) for the first time ever.

DMart operator Avenue Supermarts’ net profit dips in Q4 FY25, expenses soar

IANS | May 3, 2025 5:45 PM

New Delhi, May 3 (IANS) Radhakishan Damani-founded Avenue Supermarts Ltd, which operates supermarket chain DMart, on Saturday reported a significant dip in its consolidated net profit at Rs 550.79 crore in the Q4 of FY25, from Rs 719.28 crore in the year-ago quarter (Q4 FY24).

Pahalgam attack: India now suspends inbound mails and parcels from Pakistan

IANS | May 3, 2025 4:57 PM

New Delhi, May 3 (IANS) The Centre on Saturday announced to suspend exchange of inbound mails and parcels from Pakistan via air and surface routes, after banning all imports and barring Pakistani-flagged vessels from entering the ports earlier in the day.

Indian Institute of Creative Technology to boost AVGC-XR sector: Ashwini Vaishnaw

IANS | May 3, 2025 4:09 PM

Mumbai, May 3 (IANS) The government on Saturday formally launched the Indian Institute of Creative Technology (IICT), a national centre of excellence dedicated exclusively to the animation, visual effects, gaming, comics and extended reality (AVGC-XR) sector.

SBI’s operating profit crosses Rs 1.10 lakh crore in FY25, NII up 4.43 pc

IANS | May 3, 2025 3:23 PM

New Delhi, May 3 (IANS) The State Bank of India (SBI) on Saturday reported 17.89 per cent increase in operating profit last fiscal (FY25) that crossed Rs 1.10 lakh crore, while operating profit for Q4 grew by 8.83 per cent (year-on-year) to Rs 31,286 crore.

After banning imports, India now bars Pakistani ships from entering its ports

IANS | May 3, 2025 2:41 PM

New Delhi, May 3 (IANS) After banning all imports from Pakistan, India on Saturday barred Pakistan-flagged ships from entering any of its ports, following the barbaric attack in Jammu and Kashmir's Pahalgam, which took 26 lives.

Outlook for rupee turns more positive as India remains attractive bet for investors

IANS | May 3, 2025 1:47 PM

New Delhi, May 3 (IANS) Given India’s strong macro fundamentals and growth prospects, it remains an attractive bet for investors and this, along with stable domestic macros and stable external position, are likely to provide further support to the rupee, according to a new report.

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