BUSINESS

Ant Group to exit Eternal, sell shares worth $612mn

Ant Group is set to fully exit Eternal (formerly Zomato) by selling its remaining 1.9% stake, valued at Rs 5,370 crore, through block deals. This move follows Ant Group's recent exit from Paytm, signaling a reduction in its India exposure. The sale involves offloading 18.8 crore shares at a discounted floor price of Rs 285 per share.

TIMES OF INDIA
4 hours ago
Read Full Article

MORE TO CATCH UP

BUSINESS

Donald Trump eyes 100% tariff on semiconductor import, to exempt Apple after $600 billion commitment

The announcement amounts to a major victory for Apple and its CEO, Tim Cook, who have faced escalating threats from Trump’s tariffs.

HINDUSTAN TIMES
58 minutes ago
REALESTATE

The Trump Organization has partnered with leading Indian developers, earning nearly ₹175 cr from seven projects: Report

Since its first project in 2012, Brand Trump’s footprint in India is set to quadruple to 11 mn sq ft once all planned projects are completed, a report has said

HINDUSTAN TIMES
2 hours ago
BUSINESS

Use crisis to unleash reforms: Mahindra

Anand Mahindra believes US tariffs will inadvertently foster new growth opportunities. He suggests India should seize this moment by implementing reforms akin to those of 1991. Mahindra proposes streamlining investment clearances throug ...more

TIMES OF INDIA
3 hours ago
BUSINESS

TCS plans to roll out salary hikes

TIMES OF INDIA
3 hours ago
BUSINESS

RBI finalises co-lending framework starting Jan 2026

RBI's final co-lending rules, effective January 1, 2026, introduce blended lending rates and escrow-based cashflow, potentially impacting originator attractiveness. New norms allow partial credit enhancement for bonds issued by various ...more

TIMES OF INDIA
3 hours ago
BUSINESS

EID Parry narrows loss to 28cr in Q1

EID Parry, a Murugappa Group company, has reduced its standalone loss to ₹28 crore in the quarter ending June 30, 2025, compared to a loss of ₹79 crore in the same period last year.

TIMES OF INDIA
3 hours ago
BUSINESS

Hyundai to boost local sourcing for EVs

TIMES OF INDIA
3 hours ago
BUSINESS

Westermeier new head of Airbus India & S Asia

Airbus has named Jurgen Westermeier as the new MD and president for India and South Asia, effective September 1, 2025. Westermeier, currently EVP & chief procurement officer, will take over from Remi Maillard, who is transitioning to EV ...more

TIMES OF INDIA
3 hours ago
BUSINESS

TCS onboarding delays leave lateral hires in limbo

TCS lateral hires face uncertainty as onboarding is delayed due to shifting business needs, prompting some to reconsider their resignations. While some managed to revoke their resignations, others were not so lucky and are now jobless. ...more

TIMES OF INDIA
4 hours ago
BUSINESS

Settling claims to get easier for heirs of deceased clients

The Reserve Bank of India is set to streamline the process for banks to release funds and valuables of deceased customers, establishing a uniform procedure for both deposits and safe-deposit lockers, replacing the current inconsistent r ...more

TIMES OF INDIA
4 hours ago
BUSINESS

RBI governor debunks 'dead eco' remark, flags tariff risks

RBI Governor Sanjay Malhotra refuted US President Trump's "dead economy" comment, emphasizing India's robust 6.5% growth and significant 18% contribution to global growth, surpassing the US. While acknowledging uncertainty from US tarif ...more

TIMES OF INDIA
4 hours ago
BUSINESS

'No order to stop buying Russian oil'

ECONOMICS TIMES
4 hours ago
ECONOMY

EU buys more LNG from Russia, less from US

ECONOMICS TIMES
4 hours ago

Subscribe for latest news updates from NewsFomo

Get over your FOMO of knowing what's happening. Never miss what matters to you!