Business

Larsen and Toubro’s Chief Financial Officer R Shankar Raman is anticipating a ten per cent increase in capital expenditure outgo in the upcoming budget for FY27.Amid concerns about sagging private capital expenditure growth, Raman said that he does not fear a “crowding out” of resources because of the high spending by the state. The ample…

India is unlikely to be affected by the ongoing crisis in Venezuela, in terms of material economy or energy, Global Trade Research Initiative (GTRI) assured in a note. Though it was once a major buyer of Venezuelan crude, the think tank highlighted that New Delhi has been reducing shipments from the South American nation in…

After a dramatic capture of Venezuelan President Nicolas Maduro by American forces, US President Donald Trump said that he wants to tap its oil infrastructure. The bigger question, however, is whether such a move would yield any quick results.According to analysts, even if US oil giants invest billions of dollars in Venezuela’s massive oil reserves,…

Private sector lender Bandhan Bank on Sunday reported a 10 per cent year-on-year growth in its loans and advances, totalling Rs 1,45,227 crore for the third quarter ended December 31, 2025.The bank had reported loans and advances worth Rs 1,32,019 crore in the corresponding period of the previous fiscal.According to the provisional business update submitted…

Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, has reported a 13.15 per cent rise in its standalone revenue from operations to Rs 17,612.62 crore for the third quarter ended December 31, 2025.The company had registered Rs 15,565.23 crore revenue from operations a year ago, Avenue Supermarts informed BSE in a regulatory filing…

As Venezuela is going through a period of intense political uncertainty, billionaire Elon Musk has publicly voiced support for the country’s citizens, with SpaceX-owned Starlink rolling out free internet access.The tech mogul on Sunday posted, “In support of the people of Venezuela,” while reposting to Starlink’s announcement that it would temporarily offer free broadband services…

Caribbean air travel erupted into chaos over the weekend after US military captured Venezuelan President Nicolas Maduro and his wife, prompting sweeping airspace restrictions across the region. According to FlightRadar24, no commercial aircraft were flying over Venezuelan airspace on Saturday. The US Federal Aviation Administration also imposed restrictions that forced major airlines to cancel hundreds…

NEW DELHI: Reliance Jio continued its subscriber growth in November 2025, leading the industry in overall wireless additions and active user gains as per the latest monthly subscription data released by the Telecom Regulatory Authority of India (TRAI).The TRAI data showed that Jio added 1.2 million subscribers, extending its lead over Bharti Airtel for the…

NEW DELHI: Mining giant Vedanta Ltd on Saturday said it has reported a rise in production of aluminium, zinc and iron ore during the December quarter. However, production of steel, and oil and gas dropped during the third quarter of the current fiscal year. The company’s total aluminium production during the quarter rose marginally by…

The impending patent expiry of semaglutide drugs across India, emerging markets and select regulated markets such as Canada and Brazil is expected to create a revenue opportunity of more than Rs 50 billion for generic pharmaceutical companies over the next 12 to 15 months, according to an industry update by Systematix Institutional Research.The report said…