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Financial Express Lucknow

SUVs, tractors drive M&M profit up 32%

MAHINDRA & MAHINDRA (M&M) posted a 32% year-on-year (y-o-y) surge in standalone net profit to ₹3,450 crore in the June quarter, helped by a richer product mix in the SUV category and a better average selling price in the tractor segment.

1 min  |

July 31, 2025

Financial Express Lucknow

DLI scheme needs rejig, say experts

THE DESIGN-LINKED INCENTIVE (DLI) scheme, a key component of India's ₹76,000-crore semiconductor incentive programme, needs urgent revamp to better align with the capital-intensive reality of chip design, said Ajai Chowdhry, co-founder of HCL & EPIC foundation.

1 min  |

July 31, 2025

Financial Express Lucknow

Retail leasing in malls rises 69%: JLL

LEASING OF RETAIL spaces in shopping malls and high streets rose 69% to 5.7 million sq ft in the January-June period across seven major cities on better demand from both domestic and foreign retailers, according to JLL India.

1 min  |

July 31, 2025

Financial Express Lucknow

Hybrids' approach...

HYBRID ADOPTION is accelerating despite a limited product lineup, fewer than a dozen models from just four automakers: Toyota, Lexus, Maruti Suzuki, and Honda.

1 min  |

July 31, 2025

Financial Express Lucknow

Power Grid Q1 Profit Falls 2.5%

STATE-OWNED POWER transmission company Power Grid Corporation of India on Wednesday registered a fall of 2.5% in its consolidated net profit for the first quarter of the financial year 2025-26 at ₹3,630.58 crore from ₹3,723.92 crore in Q1FY25.

1 min  |

July 31, 2025

Financial Express Lucknow

Satcom spectrum rules set for Aug release

THE RULES FOR allocation of spectrum for satellite communications (satcom) services are likely to be finalised in the first two weeks of August, a senior official at the Department of Telecommunications (DoT) told FE on Wednesday.

1 min  |

July 31, 2025

Financial Express Lucknow

PwC: Tax, rate cuts to help India's economy grow 6.5% in FY26

INDIA'S ECONOMIC GROWTH will likely be around 6.5% in 2025-26, aided by a lower interest rate regime, income tax cuts and a likely improvement in urban demand, PwC India experts said on Wednesday.

1 min  |

July 31, 2025

Financial Express Lucknow

Market manipulation or legit short-selling?

The Jane Street episode is not about hedging, as it claims, but manipulation. The profits it made clearly indicate that the purpose was to pump and dump the stocks

4 min  |

July 31, 2025

Financial Express Lucknow

Avenue Supermarts to double down on store expansion

Targets opening 50 stores in FY26, focus on the north

2 min  |

July 31, 2025

Financial Express Lucknow

IndiGo profit dives 20% in Q1

Margins hit by airspace closures in West Asia & post Operation Sindoor

1 min  |

July 31, 2025

Financial Express Lucknow

Jane seeks six weeks to respond to Sebi

JANE STREET GROUP has sought six more weeks from the Securities and Exchange Board of India (Sebi) to prepare its defence against market manipulation allegations, though it may get fewer, according to a person familiar with the matter.

1 min  |

July 31, 2025

Financial Express Lucknow

Day 1: NSDL IPO booked 1.78 times

THE INITIAL PUBLIC offering (IPO) of National Securities Depository (NSDL) got fully subscribed within hours of its launch on Wednesday.

1 min  |

July 31, 2025

Financial Express Lucknow

Schneider buys Temasek's residual stake in Indian JV

Schneider Electric on Wednesday announced signing an agreement to acquire Temasek's remaining 35% stake in their Indian joint venture — Schneider Electric India (SEIPL) — for an all-cash consideration of €5.5 billion to reach full ownership.

1 min  |

July 31, 2025

Financial Express Lucknow

PNB profit slumps 48% on higher tax expenses

PUNJAB NATIONAL BANK'S net profit declined 48.5% year-on-year to ₹1,675 crore for the quarter ended June on the back of higher tax expenses and muted net interest income growth.

1 min  |

July 31, 2025

Financial Express Lucknow

Time for an HR reboot

INDIA HAS LONG been the technology backbone of the world, and our developer ecosystem has been central to that story. But as we step into the GenAI era, it's time for a fundamental reset in how we look at skills, roles, and long-term employability.

1 min  |

July 31, 2025

Financial Express Lucknow

China vows economic support, crackdown on competition

Beefing Up Capacity

1 min  |

July 31, 2025

Financial Express Lucknow

Solar Cell Capacity May Reach 42 GW by 2026

With private players ramping up cell manufacturing, the government expects the solar cell capacity to reach 42 gigawatts (GW) by June, with the approved list of models and manufacturers (ALMM) for cells being introduced soon, official sources said.

2 min  |

July 31, 2025

Financial Express Lucknow

India Inc starts counting cost of trade jolt

INDIAN COMPANIES ARE preparing for a significant disruption in trade ties with the US after President Donald Trump announced a 25% tariff and an unspecified penalty on Indian goods, citing New Delhi's continued defence and energy ties with Russia.

1 min  |

July 31, 2025

Financial Express Lucknow

Trump's Tariff Tsunami...

IT MAY STILL be able to keep the export pace in some sectors like textiles and garments, where it enjoys a high degree of relative advantage with some South Asian competitors, but would lose out in other areas including marine products.

3 min  |

July 31, 2025

Financial Express Lucknow

Tesla, LG Energy sign $4.3-bn pact

SOUTH KOREA'S LG Energy Solution (LGES) has signed a $4.3 billion deal to supply Tesla with energy storage system batteries, said a person familiar with the matter, as the US company looks to reduce reliance on Chinese imports due to tariffs.

1 min  |

July 31, 2025

Financial Express Lucknow

India Can Replicate SaaS Success in Cybersecurity: Accel Partner

A large opportunity in the cybersecurity space today is building security tools for generative AI applications, Prayank Swaroop, partner at Accel, said.

1 min  |

July 31, 2025

Financial Express Lucknow

Tata Steel profit more than doubles to ₹2,078 cr in Q1

FIRMING UP GROWTH

1 min  |

July 31, 2025

Financial Express Lucknow

No third-party intervention behind ceasefire: Jaishankar

EXTERNAL AFFAIRS MINISTER S Jaishankar asserted on Wednesday that there was no third-party intervention in ensuring a ceasefire between India and Pakistan during Operation Sindoor, making it clear that it was not linked to trade as claimed by US President Donald Trump.

1 min  |

July 31, 2025

Financial Express Lucknow

Hyundai Profit Skids for Fourth Straight Quarter

HYUNDAI MOTOR INDIA's net profit fell 8.1% year-on-year to ₹1,369 crore in the first quarter of FY26—its fourth straight quarter of decline—due to high discounts and lower domestic sales.

1 min  |

July 31, 2025

Financial Express Lucknow

Seafood, Basmati Rice Exporters to Feel the Pinch

INDIA'S EXPORTS OF agricultural products, including shrimp, basmati rice, coffee and tobacco to the US are likely to be hit with the US president Donald Trump on Wednesday announcing a 25% tariff on the country.

1 min  |

July 31, 2025

Financial Express Lucknow

Ambanis to Infuse ₹16K Cr into Jio Financial

JIO FINANCIAL SERVICES has greenlit a substantial capital infusion, approving a ₹15,825-crore preferential issue of warrants to two key promoter entities — Sikka Ports & Terminals and Jamnagar Utilities & Power, the company informed the exchanges on Wednesday.

1 min  |

July 31, 2025

Financial Express Lucknow

Palo Alto to scoop up CyberArk for $25 bn

PALO ALTO NETWORKS will buy Israeli peer CyberArk Software for about $25 billion, in its biggest deal yet, as CEO Nikesh Arora seeks to create a comprehensive cybersecurity provider to tap into rising AI-driven demand.

1 min  |

July 31, 2025

Financial Express Lucknow

We aim to grow RAM portfolio to 60%

Punjab National Bank aims to revamp its credit card vertical and is focusing on supply chain financing to acquire new businesses and expand the credit growth.

2 min  |

July 31, 2025

Financial Express Lucknow

Will Secure National Interests: Centre

AS TALKS PROGRESSED, the tariffs were brought down to 21% during the negotiations and the deal was finalised at 15%.

1 min  |

July 31, 2025

Financial Express Lucknow

Leverage Cobots for Smart Logistics

COMPANIES MUST TURN TO SMART AUTOMATION

2 min  |

July 31, 2025