Paytm swings to profit in Q1, 1st for core business
[ad_1] MUMBAI: Paytm swung to profit in the June quarter after two straight quarters of losses, posting net profits of Rs 123 crore on a consolidated basis as attempts to check costs and streamline operations leveraging AI paid off. This is the company’s first quarter of profit from its core business.The fintech, whose business was impacted after RBI’s directive to
‘Massive trade deal’: US President Donald Trump announces 15% reciprocal tariffs on Japanese goods; PM Ishiba says ‘need to examine details’
[ad_1] US President Donald Trump announced on Tuesday that America has finalised a trade agreement with Japan, which includes a 15 percent American tariff on Japanese imports and a $550 billion investment plan.Earlier, Trump had warned Japan about implementing a 25 percent tariff starting August 1 if negotiations failed. “We just completed a massive Deal with Japan, perhaps the largest
Tata Communications to build AI-led network for AWS in India; capital investment at ₹430 crore
[ad_1] Tata Communications on Tuesday (July 22, 2025) said it has partnered with Amazon Web Services (AWS) to deploy an advanced, AI-ready long-distance network across India. The project, which is likely to involve a capital investment of about ₹430 crore from Tata Communications, is expected to be completed by the end of FY26, according to a regulatory filing. The collaboration
General Motors (GM) earnings Q2 2025
[ad_1] General Motors reported second-quarter earnings Tuesday that beat Wall Street’s estimates and affirmed its full-year guidance, despite ongoing uncertainty from President Donald Trump‘s auto tariffs. Shares of the company fell 8%. While automakers have been hoping for relief on tariffs, Trump’s 25% levies on imported vehicles and many auto parts remain in effect. In May, the automaker lowered its
Kohl’s shares rise amid short interest, Reddit posts
[ad_1] A Kohl’s store in Pleasant Hill, California, on Nov. 25, 2024. Bloomberg | Bloomberg | Getty Images Shares of Kohl’s surged Tuesday in volatile trading that echoed the meme stock rallies of recent years. The legacy department store’s stock more than doubled from Monday’s close of $10.42 per share, only to see those gains wiped out about a half
Ozzy Osbourne, Black Sabbath’s bat-biting frontman, dies aged 76
[ad_1] Ozzy Osbourne attends a news conference to announce the “Ozzfest Meets Knotfest” music festival at the Hollywood Palladium in Los Angeles, U.S., May 12, 2016. | Photo Credit: File photo Ozzy Osbourne, frontman of 1970s heavy metal band Black Sabbath, earned his infamy biting the head off a bat on stage and pursuing a drug-fuelled lifestyle before reinventing himself
GM says EVs are its ‘North Star’ as legacy automaker chases Tesla
[ad_1] The Chevrolet display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC While Tesla remains the No. 1 electric vehicle manufacturer in the U.S. by a wide margin, General Motors said on Tuesday it has secured the No. 2 position and believes it has an “inherent advantage” when it comes to
Coca-Cola to roll out cane sugar soda in U.S.
[ad_1] A man walks past shelves of Coca-Cola bottles and cans at a shopping mall in Lagos, Nigeria, on Nov. 5, 2019. Temilade Adelaja | Reuters Coca-Cola plans to introduce a version of its namesake cola made with cane sugar in the U.S. this fall, the company announced Tuesday. Coke has used high-fructose corn syrup to sweeten its namesake soda
US-Philippines trade deal: Trump says Philippines talks ‘concluded’; Manila to pay 19% tariff
[ad_1] US president Donald Trump on Tuesday announced that the Philippines will pay a 19% tariff under a new trade agreement between the two countries.“It was a beautiful visit, and we concluded our trade deal, whereby the Philippines is going open market with the United States and zero tariffs. The Philippines will pay a 19% tariff,” news agency Reuters reported
Eternal stock soars 10.34% despite plunge in Q1 net profit
[ad_1] Food aggregator Zomato’s parent firm Eternal’s stock price rose 10.34% to ₹299.8 on Tuesday, despite a 90% plunge in Q1FY26 net profit to ₹25 crore. The last time the stock was up the same quantum was on July 26, 2021, three days after it got listed. The stock’s performance assumes significance as among the 993 days of trading, it
Butlr body heat sensors make offices more efficient
[ad_1] Butlr heat sensing tech provides insights into office space utilization. Courtesy of Butlr A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive
Paytm swings to black with Q1 net of ₹122.5 crore
[ad_1] Financial Services revenue grew 100% YoY to ₹561 crore. | Photo Credit: SAHIBA CHAWDHARY Paytm swung to a net profit of ₹122.5 crore for the quarter ended June 30 from a net loss of ₹840 crore logged in the year-earlier period. Revenue increased 28% to ₹1,917.5 crore. “Contribution profit increased 52% YoY to ₹1,151 crore with the contribution margin
DRI uncovers Rs 30 crore customs duty fraud in luxury furniture imports
[ad_1] The Directorate of Revenue Intelligence (DRI) on Tuesday (July 22) uncovered a large-scale customs fraud involving the import of premium luxury furniture. Acting on specific intelligence, DRI officials carried out searches at several locations, including business premises, warehouses, offices of freight forwarders, customs brokers, and other related entities. The investigation has revealed a well-planned network used to undervalue and
MakeMyTrip posts 22% profit growth despite travel headwinds in Q1
[ad_1] BENGALURU: Online travel firm MakeMyTrip reported a 22.6 per cent year-on-year rise in net profit to $25.8 million for the quarter ended June 30, 2025, even as disruptions in May and June dented leisure travel demand. Revenue grew 7.8 per cent in constant currency terms to $268.8 million, supported by gains in bus ticketing and international travel segments.CEO Rajesh
Maize acreage up 15% till July 21, seen heading for a new high as farmers expand area
[ad_1] As more farmers eye maize crop, the planting of the coarse cereal crop has seen an increase of 15 per cent across the country till the third week of July. Per the Agriculture Ministry data as of July 21, maize has been planted on nearly 71.21 lakh hectares (lh) this year compared to 61.73 lakh hectares during the same
India grapples with soaring cybercrime as cases jump 140% in 5 years
[ad_1] India is facing a sharp rise in cybercrime, with registered cases soaring from 27,248 in 2018 to 65,893 in 2022, marking a more than 140% increase in just five years. The data was released by the Ministry of Home Affairs in a written reply in the Lok Sabha. While the report was issued in the context of crimes against
Gross NPAs of Public Sector Banks drop sharply to 2.58% in FY25: Finance Ministry
[ad_1] The gross non-performing assets (NPAs) of public sector banks (PSBs) have seen a significant decline—from 9.11% of total loans in March 2021 to 2.58% in March 2025, according to Union Minister of State for Finance Pankaj Chaudhary. He shared this data in a written reply to the Rajya Sabha on Tuesday, crediting sustained government and RBI efforts for the
Businesses cautious on travel spending as trade uncertainty looms
[ad_1] istocksdaily | iStock | Getty Images Corporations are continuing to spend on business travel, but are being strategic about how they allocate those dollars amid ongoing trade uncertainties, according to new reports from the travel and expense platform Navan and the Global Business Travel Association. Corporate travel spending activity increased 15% year over year in the second quarter of
Coca-Cola (KO) Q2 2025 earnings
[ad_1] Coca-Cola on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations as strong demand in Europe offset weaker volume in other markets. Shares of the company fell less than 1% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: 87 cents
Over Rs 28,996 crore loans disbursed to SC, ST and women entrepreneurs under Stand-up India Scheme: FM Sitharaman
[ad_1] Finance Minister Nirmala Sitharaman informed the Rajya Sabha on Tuesday that loans amounting to Rs 28,996.15 crore have been sanctioned under the Stand-Up India scheme between April 2022 and March 2025. These loans have been extended to Scheduled Caste (SC), Scheduled Tribe (ST), and women entrepreneurs to promote enterprise development among marginalised communities. According to the Finance Minister’s written
Paytm turns profitable: Fintech firm posts Rs 122.5 crore Q1 net profit, driven by cost cuts and payments growth
[ad_1] Fintech major One97 Communications, which operates under the Paytm brand, reported its first-ever consolidated net profit of Rs 122.5 crore in the quarter ended June 2025 (Q1 FY26), helped by cost optimisation and a rise in payment revenues, the company said in a statement on Tuesday.The firm had posted a net loss of Rs 840 crore in the same
Credit card startup Imprint beats big banks for Rakuten co-brand deal
[ad_1] A view of the logo of Rakuten Mobile at its branch in Tokyo, Japan, November 28, 2023. Staff | Reuters There’s a new player making waves in an industry dominated by big banks. Imprint, the 5-year-old credit card startup, beat out banks in a competitive bidding process for a new co-branded card from online shopping platform Rakuten, CNBC has
In the absence of a crop insurance scheme, Kashmir’s orchardists bear the brunt of extreme weather
[ad_1] File picture: A farm worker plucks apples in an orchard in Budgam district of Central Kashmir | Photo Credit: S. Irfan A sudden hailstorm on June 2 battered apple and cherry orchards across more than a dozen fruit-rich villages in Kashmir, dashing the hopes of thousands of farmers. Abdul Gani, a well-heeled apple grower from Zainapora in south Kashmir’s
India seen as safe haven amid global trade jitters, to lead 2025 growth: JP Morgan
[ad_1] India has emerged as a relatively safe haven among emerging markets amid ongoing global trade uncertainties, according to a recent report by JP Morgan.The financial major said India is benefiting from a combination of falling inflation, improved system liquidity, and reduced government borrowing—factors that are expected to support economic expansion, ANI reported. “India: Falling inflation, enhanced system liquidity and
JPMorgan considers offering loans backed by clients’ cryptocurrency holdings: Report
[ad_1] The move comes as other major U.S. banks, including Bank of America and Citibank, are developing stablecoins [File] | Photo Credit: AP JPMorgan Chase is exploring plans to offer loans backed by clients’ cryptocurrency holdings, including bitcoin and ether, as early as next year, the Financial Times reported on Tuesday, citing people familiar with the matter. The move comes