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LIC’s new business premium up nearly 10 pc in April

May 13, 2025

New Delhi, April 13 (IANS) Life Insurance Corporation of India (LIC) on Tuesday reported a 9.91 per cent increase year-on-year in new business premium for April -- surpassing the industry growth rate of 8.43 per cent and private life insurers’ growth of 6.09 per cent.As per data released by the Life Insurance Council, LIC collected Rs 13,610.63…

Real estate firm Arkade Developers’ Q4 profit falls 34 pc, sales tank 42 pc

May 13, 2025

Mumbai, May 13 (IANS) Real estate firm Arkade Developers on Tuesday reported a sharp drop in net profit for the fourth quarter (Q4) of FY25, as revenue also took a significant hit in the January-March quarter.The company’s net profit stood…

Business

Stock market slips over 1 pc on profit booking after record rally

May 13, 2025

Mumbai, May 13 (IANS) The Indian stock markets ended lower on Tuesday as investors booked profits following Monday’s sharp rally. The sell-off was also fuelled by the potential fallout from the ongoing US-China trade talks.A day after…

Business

GAIL clocks Q4 net profit of Rs 2,049 crore, declares final dividend of Rs 1

May 13, 2025

New Delhi, May 13 (IANS) Gas distribution giant GAIL on Tuesday reported a standalone net profit of Rs 2,049 crore for the fourth quarter of the financial year ended on March 31, 2025 which represents a 6 per cent decline from the…

Business

Patel Engineering’s Q4 net profit crashes 73 pc over rising costs

May 13, 2025

Mumbai, May 13 (IANS) Patel Engineering Limited on Tuesday reported a sharp drop in its net profit for the fourth quarter (Q4) of FY25 despite strong revenue growth, as rising expenses and narrowing margins put pressure on earnings.The…

Business

Seoul shares edge up after US-China trade deal; won sharply down

May 13, 2025

Seoul, May 13 (IANS) South Korean stocks edged up on Tuesday following a trade agreement between the United States and China. The local currency fell sharply against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI)…

Business

Indian telcos poised to rake in higher revenue as rural data usage surges

May 13, 2025

New Delhi, May 13 (IANS) Increasing internet adoption and data consumption by rural subscribers are emerging as structural drivers for growth in average revenue per user (ARPU) of Indian telecom companies and to capitalise on the trend,…

Business

Retail boom: India to add 16.6 million sq ft of new mall space by 2025-26

May 13, 2025

Mumbai, May 13 (IANS) India's retail sector is witnessing a major transformation, with over 16.6 million square feet of new Grade A mall space expected to come up across top seven cities in 2025 and 2026, a new report said on Tuesday.This…

Business

India’s industry sector to open $3 trillion opportunity by 2035, manufacturing to lead

May 13, 2025

New Delhi, May 13 (IANS) India’s industry sector is expected to outpace agriculture to take a larger share in the GDP (30-32 per cent) by 2035 and opening a $3 trillion opportunity, driven majorly by manufacturing, a report showed on…

Business

Chinese missile maker’s stock tanks over 6 pc after India destroys its air weapon

May 13, 2025

New Delhi, May 13 (IANS) The shares of Zhuzhou Hongda Electronics Corp Ltd, the Chinese defence company that manufactures the PL-15 missile, dropped sharply by 6.42 per cent or 2.56 Yuan to 37.33 Yuan on Tuesday, after India's air defence…

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