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BP profit beats expectations in Q3

Financial Express Mumbai

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November 05, 2025

OIL MAJOR BP reported a smaller than expected fall in third-quarter underlying profit on Tuesday as a strong performance at all divisions led by refining helped to offset the impact of lower crude prices.

However, there was no update on the closely-watched sale process for its Castrol lubricants unit, the centre-piece of its $20 billion asset-sale drive to slash its debt pile.

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Re-introduce 15% concessional tax for manufacturing firms: PHDCCI

INDUSTRY BODY PHDCCI has sought re-introduction of 15% concessional tax rate for new manufacturing units in the 2026-27 Budget.

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A sprint to nowhere

DoT is responding to real problems, but without the discipline of consultation

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Rupee hits a fresh low, nears 90/$

THE RUPEE HIT a new all-time low of 89.95 intraday on Tuesday, edging closer to the psychological 90-per-dollar mark before it pared some losses to close at 89.88 as RBI intermittently sold dollars around the 89.90 level.

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PCB industry needs ₹15,000-cr fresh investments: Syrma MD

INDIA WILL REQUIRE ₹10,000-15,000 crore in fresh investments in printed circuit board (PCB) manufacturing over the next 2-3 years to bring its import dependence below 50%, JS Gujral, managing director at Syrma SGS said.

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1 min

December 03, 2025

Financial Express Mumbai

Banks resume lending rate hike after 3 months

14 bps hike in October

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2 mins

December 03, 2025

Financial Express Mumbai

Trade gap set to rule talks with Putin

ADDRESSING INDIA'S LARGE trade deficit with Russia, keeping the oil trade going and deeper cooperation in the nuclear power and defence sectors would be the key agenda items during Russian President Vladimir Putin’s two-day state visit to India starting Thursday, official sources said.

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2 mins

December 03, 2025

Financial Express Mumbai

No proposal to raise PSB FDI limit: Govt

THE GOVERNMENT IS not considering any proposal to raise the foreign direct investment (FDI) limit in public sector banks (PSBS) from 20% to 49%, Minister of State for Finance Pankaj Chaudhary informed the Rajya Sabha on Tuesday.

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1 min

December 03, 2025

Financial Express Mumbai

Meesho's anchor book gets 30x bids

IPO-BOUND MEESHO HAS attracted bids worth 80,000 crore on Tuesday from global and domestic investors, with its 2,439-crore anchor book oversubscribed by 30 times.

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1 min

December 03, 2025

Financial Express Mumbai

Taking steps to curb malpractices under skill scheme, says minister

THE GOVERNMENT HAS stressed the need to enhance the quality, transparency, and uniformity in the implementation of the national skill development scheme - Pradhan Mantri Kaushal Vikas Yojana (PMKVY).

time to read

1 mins

December 03, 2025

Financial Express Mumbai

Farmers, cottage units may be able to use LLP model

THE GOVERNMENT MAY allow farmers and people engaged in handloom, handicraft or other cottage industries to form limited liability partnerships (LLPs) to let them take advantage of the lighttouch regulations under the LLP Act, 2008.

time to read

1 mins

December 03, 2025

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