Business

[ad_1] Top stocks to buy today (AI image) Stock market recommendations: According to Bajaj Broking Research, NMDC and Polyplex Corp are the top stock picks for today. Here’s its view on Nifty, Bank Nifty and the top stock picks for May 23, 2025:Index View: NIFTYIndian equity markets traded with downward bias during the current week weighed down by weak global cues and profit-taking in key sectors. Investor sentiment turned cautious following Moody’s downgrade of the U.S. government’s credit outlook, which led to a spike in U.S. Treasury yields and triggered a broad-based sell-off across global equity markets. The risk-off sentiment reverberated through Asian and European bourses, with Indian benchmarks mirroring the global weakness. The India VIX rose more than 5% over the week, signaling heightened volatility and risk aversion among market participants.On the technical front, the Nifty registered a high […]

[ad_1] India’s medium term growth potential outlook has been revised by Fitch Ratings with prospects brightening.Fitch has revised upwards the GDP growth potential to 6.4%, marking a 0.2% increase. China’s forecast, on the other hand, has been trimmed to 4.3% from 4.6%.The update comes as part of Fitch’s latest assessment of potential GDP growth across 10 major emerging markets over the next five years, reported ANI.In its report, the rating agency noted, “Our estimate of India's trend growth is slightly higher at 6.4 per cent, compared with 6.2 per cent previously. We think TFP growth will slow from recent years to be in line with its long-run average of 1.5 per cent.”The revised outlook for India is majorly driven by a stronger contribution from labour inputs, particularly total employment, rather than gains in productivity. Fitch pointed to a sharper increase […]

[ad_1] NEW DELHI: The Adani Group has reported its highest-ever pre-tax profit of nearly Rs 90,000 crore for the fiscal year ending March 31, 2025, supported by robust operational performance and sound financial management. EBITDA rose to Rs 89,806 crore in FY25 from Rs 24,870 crore in FY19, reflecting a six-year compound annual growth rate (CAGR) of 24 per cent. Year-on-year, EBITDA growth stood at 8.2 per cent. Net profit for the year reached Rs 40,565 crore, marking a six-year CAGR of 48.5 per cent. Gross assets climbed to Rs 609 lakh crore, driven by the group’s continued expansion into infrastructure, airports, and renewable energy.As a result of this expansion, gross debt increased to Rs 2.9 lakh crore, though net debt was contained at Rs 2.36 lakh crore due to strong cash reserves. The liquidity buffer now represents 18.5 per […]

[ad_1] File photo: Dilipkumar Khandelwal BENGALURU: After a five-year stint, Dilipkumar Khandelwal stepped down as CEO of Deutsche India, head of global technology centres, and MD & global CIO of corporate functions in Deutsche Bank.Sources told TOI that he is beginning a new innings in the startup space.As CEO, his role was focused on optimising multiple, integrated functions that deliver solutions to the global organisation. Prior to this, he was the former managing director of SAP Labs India. He oversaw tech centres across Bengaluru, Pune, Bucharest, Berlin, and Cary. Deutsche India has 23,000 employees, with over 8,000 in the India tech centres, making up 25% of the global workforce. When TOI reached out to the firm, its spokesperson said, “This decision follows months of careful planning, and we are deeply grateful for his (Khandelwal’s) invaluable contributions to the company’s journey. […]

[ad_1] Representative image (Picture credit: X/@LupinGlobal) BENGALURU: Lupin is using Honeywell’s Solstice Air in its respiratory inhalers at scale, redefining respiratory care with near-zero global warming potential propellants. Designed for patients with asthma and chronic obstructive pulmonary disease (COPD), Honeywell Solstice Air has the potential to prevent the release of high global warming potential (GWP) molecules, marking a major step forward in helping to reduce carbon emissions.Solstice Air offers an alternative to traditional hydrofluorocarbon (HFC)-based propellants, helping to reduce greenhouse gas emissions by up to 99.9%.“ By integrating Solstice Air in our products, we are not only enhancing patient care, but we are also significantly reducing environmental impact,” said Vinita Gupta, CEO Lupin.“Solstice Air can play a critical role in ensuring that Lupin’s respiratory inhalers provide safe and effective treatment options that also leverage the latest advancements in technology to […]

[ad_1] NEW DELHI: The Reserve Bank of India (RBI) is expected to declare on Friday the dividend amount it will transfer to the central government for the fiscal year 2024-25, with indications pointing to a payout higher than the record Rs 2.1 lakh crore disbursed for 2023-24. This previous figure more than doubled the Rs 87,416 crore dividend paid for the 2022-23 fiscal, marking a significant increase in government receipts from the central bank, as reported by PTI.The decision is likely to be finalised at the RBI’s Central Board of Directors meeting scheduled for May 23. Last week, the Board reviewed the Economic Capital Framework (ECF), which serves as the basis for determining the surplus transfer to the government. This framework was adopted in August 2019 following recommendations from the Bimal Jalan-led Expert Committee, which advised maintaining the Contingent Risk […]

[ad_1] NEW DELHI: If you've lost or forgotten your Aadhaar card or number, there's no need to worry. The Unique Identification Authority of India (UIDAI) offers several easy ways to retrieve your Aadhaar details, both online and offline. You can retrieve your Aadhaar number or Enrolment ID (EID) using the "Retrieve UID/EID" option on the UIDAI website online if your mobile number is linked.Choose whether you want to retrieve Aadhaar Number (UID) or Enrolment ID (EID).Enter your full name (as per Aadhaar), registered mobile number or email, and the Captcha code.Authenticate via the OTP sent to your mobile/email.Upon successful verification, your Aadhaar number or EID will be sent to your registered mobile via SMS.This service is free of cost.If the mobile number isn't linked to Aadhaar, one needs to follow these steps:Option 1: Visit an Aadhaar Enrolment CentreVisit any Aadhaar […]

[ad_1] FLY91 announces 50% discount on base fares for defence personnel PUNE: In honour of the service of Indian armed forces personnel, FLY91 has announced a 50 per cent discount on base fares for defence personnel and their immediate families. The regional airline has also allocated special seats and additional baggage allowance as a gesture of gratitude for their selfless service rendered to the nation.The offer is valid on all FLY91 flights as part of the initiative on a first-come-first-served basis, even as armed forces personnel and their families can also avail themselves of a five-kgs extra baggage allowance per person for check-in baggage during their journey. This initiative underscores FLY91’s commitment to national service and its gratitude for the courage and dedication shown by the Indian Armed Forces in times of a national crisis, airline officials said.“FLY91 is proud […]

[ad_1] The rejig for Sensex and additional indices were announced by BSE's fully-owned subsidiary Asia Index Private Limited after today's trading session. (AI image) BSE Sensex rejig: Tata Group's retail arm Trent is all set to replace FMCG giant Nestle India whilst defence PSU Bharat Electronics Limited (BEL) will replace IndusInd Bank in the BSE Sensex following the index rejig, which takes effect from June 23, 2025.The rejig for Sensex and additional indices were announced by BSE's fully-owned subsidiary Asia Index Private Limited after today's trading session.The removal of Nestle India from the index follows its poor stock performance. The FMCG company's share price has declined by approximately 5% in the previous year, falling behind Nifty's 9% gains during the same period. In contrast, Trent has surpassed the primary index, delivering 15% returns over the past 12 months.The defence sector […]

[ad_1] BENGALURU: Accenture will promote 43,000 employees in India in the 2025 financial year, marking one of the substantial increases in recent times. The company said it would promote 50,000 people globally in June, including around 15,000 people in India, according to an internal note sent by Ajay Vij, senior country managing director, Accenture in India.Accenture reset its promotion cycle, shifting it from December to June, citing better visibility of client demand. Due to the transition period, the earlier cycle in December rolled out 30,000 promotions to India-based employees. In the 2024 fiscal year, Accenture promoted 97,000 people globally through June 1, including 702 to managing directors and 64 to senior managing directors. Accenture follows a September-August financial year.Accenture has over 3.5 lakh employees in India out of the 8 lakh employees it has globally.Back in December, Accenture rolled out […]