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HDB Financial's IPO gets $19 billion in bids as institutional buyers pile in

ECONOMICS TIMES
4 hours ago
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BUSINESS

Strategic shipyard deal: Mazagon Dock Shipbuilders to acquire controlling stake in Colombo Dockyard for $52.96 million; India eyes regional maritime edge

Mazagon Dock Shipbuilders Limited (MDL) is set to acquire a controlling stake in Colombo Dockyard PLC (CDPLC) for up to $52.96 million, marking its first international acquisition. This strategic move aims to expand India's maritime inf ...more

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Lauritz Knudsen Electrical and Automation launches product portfolio

To tour 30 industrial cities to showcase its 10 future-ready solutions

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Jio, Airtel add 99.8% of new telecom subscribers in May as Vi, BSNL lose users: Trai

In May, India's telecom sector saw a slight increase, reaching 120.7 crore subscribers, with Reliance Jio and Bharti Airtel capturing almost all new additions. Jio led with 27 lakh new mobile users, while Airtel added 2.75 lakh, offsett ...more

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AUTO

Hector Skelter 

The MG Hector brings together muscular looks, SUV charm, and spacious interior in an overall easy-to-live-with package 

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Audi A4 Signature Edition: Signature Moves 

The Audi A4 Signature Edition reaffirms the brand’s presence in the segment, but will it lure new buyers? 

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BANKING

Central Bank of India, Generali ink shareholding deal for insurance venture

The bank has acquired 24.91% equity stake in Future Generali India Insurance Company and 25.18% equity stake in Future Generali India Life Insurance Company Ltd

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ECONOMY

Economy in ‘Goldilocks’ moment, but there are external challenges too: FinMin report 

No major imbalances in macro aggregates, subdued inflation and growth-supportive monetary policy stance place India’s macroeconomic health in a relative Goldilocks situation, a report by the Economic Affairs Department said

THE HINDU BUSINESS LINE
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Kalyani Group tussle: Hiremath alleges properties transferred illegally

In an affidavit filed in the Pune court on Friday, Hiremath claimed Gaurishankar used his goodwill with their father Dr Neelkanth Kalyani to obtain a power of attorney to manage his assets in Karad

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JSW Paints’ Akzo grab shakes up India’s ₹80,000-crore paint war, all eyes on third spot

With a near 10% share, JSW Paints narrows the gap with Kansai Nerolac

THE HINDU BUSINESS LINE
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BUSINESS

Port squeeze: India curbs cetrain jute imports from Bangladesh via land, allows only Nhava Sheva port access

India has restricted imports of specific jute and woven fabric products from Bangladesh to the Nhava Sheva seaport, escalating trade tensions. This decision, effective immediately, follows concerns over controversial remarks by Banglade ...more

TIMES OF INDIA
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ECONOMY

India’s external debt rose $67.5 b in FY25 against $39.7 b in FY24

Simultaneously, the external debt to GDP ratio increased to 19.1 per cent at end-March 2025 from 18.5 per cent at end-March 2024. In FY24, India’s external debt had increased by $39.7 billion.

THE HINDU BUSINESS LINE
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BANKING

Banks place surplus funds amounting to ₹84,975 cr at VRRR auction

The central bank accepted the funds from banks at the cut-off rate of 5.49 per cent, with the weighted average rate working out to 5.45 per cent

THE HINDU BUSINESS LINE
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BANKING

PSBs’ net profit zoomed to ₹1.78 lakh cr, NPA declined to 0.52%

Finance Minister Nirmala Sitharaman asks banks to go for more deposit mobilisation

THE HINDU BUSINESS LINE
2 hours ago

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