Business News: Economy & Markets

Cabinet approves Rs 6,520 crore outlay for Pradhan Mantri Kisan Sampada Yojana

IANS | July 31, 2025 3:58 PM

New Delhi, July 31 (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday approved a total outlay of Rs 6,520 crore, including an additional amount of Rs 1,920 crore, for the ongoing Central sector Pradhan Mantri Kisan Sampada Yojana (PMKSY) during the 15th Finance Commission cycle from 2021-22 to 2025-26, according to an official statement.

Vedanta’s Q1 net profit falls 12.5 pc to Rs 4,457 crore

IANS | July 31, 2025 3:46 PM

Mumbai, July 31 (IANS) Vedanta Limited on Thursday reported a fall of 12.5 per cent year-on-year (YoY) in its consolidated net profit for the quarter ended June 30 (Q1 FY26), at Rs 4,457 crore compared to Rs 5,095 crore in the same quarter previous year (Q1 FY25).

Cabinet okays Rs 2,000 crore grant in aid to National Cooperative Development Corporation

IANS | July 31, 2025 3:41 PM

New Delhi, July 31 (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday approved the Central Sector Scheme grant in aid to National Cooperative Development Corporation (NCDC) with an outlay of Rs 2,000 crore for a period of four years from 2025-26 to 2028-29, which works out to Rs 500 crore for each year.

EBITDA from incubating businesses up 5 pc to Rs 2,800 crore in Q1: Adani Enterprises

IANS | July 31, 2025 3:38 PM

Ahmedabad, July 31 (IANS) Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, on Thursday said that EBITDA from incubating businesses have increased by 5 per cent to Rs 2,800 crore in the April-June quarter (Q1 FY26) on a year-on-year basis -- contributing 74 per cent to the quarterly results.

Adani’s Ambuja Cements clocks 24 pc net profit growth at Rs 970 crore in Q1, revenue up 23 pc

IANS | July 31, 2025 3:10 PM

New Delhi, July 31 (IANS) Ambuja Cements, part of the diversified Adani Portfolio, on Thursday reported 24 per cent growth in net profit at Rs 970 crore in the April-June quarter (Q1 FY26) — up from Rs 783 crore in the same quarter last fiscal (Q1 FY25).

Income tax department raids Nuvama Wealth offices in Jane Street case

IANS | July 31, 2025 3:08 PM

Mumbai, July 31 (IANS) The Income Tax Department on Thursday launched search operations at the offices of Nuvama Wealth and Investment Limited, formerly known as Edelweiss Broking, in connection with the ongoing probe into the Jane Street matter.

Gillette India’s Q1 net profit falls 8 pc, revenue down nearly 8 pc

IANS | July 31, 2025 2:51 PM

Mumbai, July 31 (IANS) Gillette India on Thursday reported a drop in its earnings for the first quarter (Q1) of FY26, with net profit falling 8.19 per cent quarter-on-quarter (QoQ) to Rs 145.69 crore, compared to Rs 158.68 crore in the previous quarter (Q4 FY25).

'US using sanctions as tools to dictate its will on countries like Iran and India'

IANS | July 31, 2025 2:50 PM

Tehran, July 31 (IANS) Iran on Thursday accused the United States of weaponizing the economy and using sanctions as tools to "dictate its will on independent nations" such as Iran and India and impede their growth and development.

PhonePe launches 'offline partner program' to empower merchant ecosystem

IANS | July 31, 2025 2:43 PM

New Delhi, July 31 (IANS): PhonePe, on Thursday, announced the launch of its 'offline partner program' -- a strategic initiative designed to strengthen India's merchant ecosystem through service providers. It offers customised referral commissions to merchants.

India will not bow to foreign pressure, national interest supreme for 'Modi Govt': Ranbir Gangwa

IANS | July 31, 2025 2:14 PM

New Delhi, July 31 (IANS) Responding to the US decision to impose a 25 per cent tariff and penalties on Indian exports, leaders from various political parties on Thursday asserted that India frames its policies independently and will not take decisions under pressure from any country.

business

Cabinet approves Rs 6,520 crore outlay for Pradhan Mantri Kisan Sampada Yojana

Vedanta’s Q1 net profit falls 12.5 pc to Rs 4,457 crore

Cabinet okays Rs 2,000 crore grant in aid to National Cooperative Development Corporation

EBITDA from incubating businesses up 5 pc to Rs 2,800 crore in Q1: Adani Enterprises

Adani’s Ambuja Cements clocks 24 pc net profit growth at Rs 970 crore in Q1, revenue up 23 pc

Income tax department raids Nuvama Wealth offices in Jane Street case

Gillette India’s Q1 net profit falls 8 pc, revenue down nearly 8 pc

'US using sanctions as tools to dictate its will on countries like Iran and India'

PhonePe launches 'offline partner program' to empower merchant ecosystem

India will not bow to foreign pressure, national interest supreme for 'Modi Govt': Ranbir Gangwa

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