India's business activity ended FY25 on a strong note, with the manufacturing sector posting a robust expansion in sales and production during March, driven by a rising demand for goods.
The Ministry of Coal said on Wednesday that the total coal production from captive and commercial mines for the financial year 2024-25 has reached 167.36 million tonnes (MT) as of February 2025.
In a significant move during her Union Budget speech, Finance Minister Nirmala Sitharaman has allocated Rs 6.81 lakh crore to the defence sector for FY25, marking a modest increase from last year’s allocation of Rs 6.21 lakh crore. This reflects the government’s unwavering focus on fortifying India’s defence capabilities.
ICICI Bank reported a 14.8% year–on–year (Y-o-Y) increase in net profit to Rs 11,792 crore in the quarter-ended December (Q3FY25), due to steady growth in net interest income (NII) and a robust increase in non-interest income, according to an official release.
India's seafood exports have crossed the Rs 60,000 crore mark in FY24-25 to date, according to latest government data.
Rating agency ICRA has projected that the revenue of the Indian construction companies for the financial year 2024-25 is estimated to grow at 8-10 per cent, slower in comparison to a growth of 12-15 per cent during previous years.
Foreign Direct Investment (FDI) inflows into India have crossed the USD one trillion milestone in the April 2000-September 2024 period, firmly establishing the country's reputation as a safe and key investment destination globally.
The Ministry of Finance on Tuesday said that various measures taken by the Union government have contributed to the sustained financial health and robustness of the banking sector as a whole.
Coming as its steepest downgrade ratio since 2020, Jefferies India note recently lowered FY25 earnings estimates for nearly two-third of the companies under its coverage that have come out with September quarter results so far.
About 58.5 per cent of organisations in India have increased their learning and development budgets for FY25, according to a report on Monday.
