Author: Abizar Attari
News Editor

Surat: Vietnamese EV maker VinFast officially launched its VF6 and VF7 SUVs in India with the opening of its first showroom in Surat, Gujarat. The company, which recently inaugurated its manufacturing plant in Thoothukudi, Tamil Nadu, aims to produce the right-hand drive versions of the VF6 and VF7 for the local market. Both the models have been tailor-made for the Indian market and aim to compete with Tata’s Harrier, Curvv and Punch EVs and MG Motors’ Hector EVs. “The first VinFast Showroom in Surat, Gujarat is a symbol of our deep commitment to India. We are excited to bring the…

New Delhi: State-run NLC India has said it is looking to source rare earth minerals from abroad after the coal and mines ministries have urged the company to  ‘aggressively’ pursue the same. In an interaction with PTI, the company’s CMD Prasanna Kumar Motupalli has said that his company aims to produce one million metric tonnes of the minerals in the coming five years. ”We will be taking all the factors of socio-economic condition, stability in the respective countries, and then we will move forward,” he said.  India hasn’t bothered to actively mine or develop its expertise in mining rare earth…

In the latest proof of the cryptocurrency market going mainstream, Ethereum-based Exchange Traded Funds (ETFs) led by BlackRock’s iShares Ethereum Trust (ETHA) have witnessed an unprecedented surge in inflows, with an estimated $1.85 billion in inflows just last week. Besides ETHA, even smaller funds like Bitwise’s ETHW and Greyscale’s Mini Ethereum Trust have seen high inflows, even higher than Bitcoin ETFs. According to cryptocurrency-focused investment research platform SoSoValue, Ethereum’s ETF value now stands at $19.6 billion, accounting for roughly 4.57% of the total value of all cryptocurrencies. According to analysts, Ethereum’s (ETH) unique yield-bearing features, including post-upgrade staking and richer…

Mumbai: On Saturday, Kotak Mahindra Bank reported a 7% year-on-year (YoY) decline in net profit for the April-June quarter, with earnings falling to Rs.3,282 crore from Rs.3,520 crore in the same period last year. This fall has been attributed mainly to the 109% YoY rise in provisions and contingencies. Last year’s profit excludes the gain received on selling its stake in Kotak Mahindra General Insurance to Zurich Insurance, which was worth about Rs. 2,800 crore. Meanwhile, the company has reported a 6% rise in Net Interest Income (NII) from Rs.6,842 crore in Q1FY25 to Rs.7,259 crore in the corresponding quarter…

Mumbai: The National Security Depository Limited (NSDL)’s upcoming IPO on July 30 is set to be one of the most awaited IPOs to hit the capital markets lately.  The market infrastructure institution (MII), is responsible for maintaining shares and other securities in digital formats, has its IPO at Rs.760-800 per share with a minimum lot size of Rs.14,400 for retail investors with the total size of the issue estimated at Rs.4,011.6 crore. The IPO is a 100% Offer For Sale (OFS) issue, where no fresh capital is expected to be raised. The existing shareholders- SBI, IDBI Bank, NSE and Union…

Mumbai: Bengaluru-based state-owned lender Canara Bank has reported a 21.7% rise in profits to Rs.4,752 crore in Q1FY26 from Rs.3,905 crore from the corresponding quarter a year ago. The company has seen a marked improvement in its operations, where the bank’s operating profit has also increased 12.32% to Rs.8,554 crore from the same period last year. Before the bank declared its results to the bourses, analysts had predicted the bank’s net profit to grow by 15-17% YoY, supported by the bank’s stable loan growth and asset quality. Though the bank’s Net Interest Income (NII) fell 1.7% from Rs.9,166 crore to…

The conference is scheduled for 3&4th October 2025 in Doha, Qatar Interested applicants can apply for the category of business and healthcare New Delhi: Following the tremendous success of the Fluxx Awards in Hong Kong, which celebrated global trailblazers across industries, Fluxx Events is proud to bring its flagship experience to the Middle East with Fluxx Conference 2025. Set in the heart of Doha, this landmark event promises to elevate the global stage for business and healthcare elites on 3rd and 4th October 2025. Award nominations are now officially open for individuals, leaders, and organizations creating a meaningful impact in…

Bengaluru: India’s second largest IT firm Infosys reported a 9% YoY rise in net profit to Rs.6,921 crore from Rs.6,368 crore last year. The company has attributed this to the $3.8 billion deals it signed in the quarter, where about 55% were with new clients. #InfosysQ1FY26 pic.twitter.com/xWYXy0grjG — Infosys (@Infosys) July 23, 2025 The company’s revenue rose 7.5% from Rs.39,315 in Q1FY25 to Rs.42,279 this time. The company expects its revenue to grow up to 3% this financial year with its operating margins expected to remain at 20-22%. Following the news, the company’s American Depository Receipt (ADR) shares rose 3%…

New Delhi: Homegrown electronics manufacturing contractor Dixon Technologies reported a 100% rise in net profit to Rs.280 crore in Q1FY26  from Rs. 140 crore in the corresponding quarter last year. The surge net profit has been attributed to its mobile and other allied electronics manufacturing division which saw a stellar 125% rise in revenues to Rs.11,663 crore from Rs.5,192 crore year-on-year. However, the company’s electronics and appliances manufacturing vertical, which includes manufacturing LED TVs and refrigerators, has seen a 21% decline in revenue to Rs.672 crore from Rs.855 crore last year. Similarly, its lighting products division also saw a 17%…

New Delhi: India’s leading fintech company PayTM’s parent company One97 Communications reported its first profitable quarter since listing in 2021, with a profit of Rs.123 crore as against a loss of Rs. 839 crore from last year. The company’s total revenue jumped 28% year-on-year to Rs.1,918 crore from Rs.1,502 crore last year. This gain has ben attributed to its highly successful financial services vertical, where revenues have increased by 100% YoY due to growth in merchant loans and improved collection performance. The company has been India’s first fintech player, which pioneered the cashless payment ecosystem. The company had been struggling…