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Showing posts from April, 2025

India trade deal soon, says Trump

  U.S. President Donald Trump has indicated that India and the U.S. will have a trade deal soon. He said the ongoing talks on the proposed India-U.S. bilat-eral trade agreement (BTA) are "coming along great".Indian officials, howev er, believe that it will take at least two months even to work out an early tranche che with limited commitments restricted to a few goods. Sources said the first full tranche of the agreement may take as long as six months. "India [trade talk] is coming along great. I think we'll have a deal with India," Mr. Trump told re-porters on Tuesday at the White House.Earlier on Tuesday, U.S. Treasury Secretary Scott Bessent said the U.S. was "very close" to a trade deal with India.Significantly, he said it was "easy to negotiate" with India because the is-sues were with regard to "very high tariffs" and they could be confronted directly.

ED said to quiz Apple, Xiaomi in Amazon, Flipkart probe

  The Enforcement Directorate has privately sought sales data and other documents from smartphone players, including Apple and Xiaomi, as part of a probe into Amazon and Walmart-owned Flipkart, sources familiar with the matter said. The agency's queries come in the backdrop of India and the United States nearing a trade deal. The protectionist e-commerce regulations in India have been part of those discussions, according to an official. 

IDBI Bank Q4 net profit rises 26% to ₹2,051 crore

  IDBI Bank on Monday re-ported a 26% rise in net profit at 2,051 crore for the March quarter of FY25.Total income rose to *9,035 crore in the period under review from ₹7,887 crore in the January-March period of previous fiscal.Interest income margi-nally slid to ₹6,979 crore from ₹6,990 crore. In the 2024-25 fiscal, net profit rose 33% to ₹7,515 crore.Total income rose to 33,826 crore from 30,037 crore in FY24.Net NPAs slid 0.15% of advances from over 0.34%.The board of IDBI Bank has proposed a dividend of *2.10 per share.

GPL REVIEW

 The GPL (Gnanam Premier League) is also known as the Girls Premier League. There are a total of four teams participating: Chola Knight Riders, Maratha Royals, Sengipatti Super Singhams, and Delta Dare Devils. Each team has two owners and one captain. Player selection happens through an auction, and players are divided into three categories: Platinum, Gold, and Silver. The GPL is held for one week at the Gnanam School of Business playground. Through this activity, students — including myself — can practically learn management and business skills behind the game of cricket. My favourite player is Vijay because of his excellent fielding skills. Thank you!

ISRO'SSecond short hot test of semicryogenic engine a success

 The Indian Space Research Organisation (ISRO) has successfully conducted a short duration hot test of the semicryogenic engine at its facility in the ISRO Propulsion Complex (IPRC), Mahendragiri. This ignition test, con-ducted on April 24, is the second milestone after the first successful hot test on March 28, which was a ma-jor breakthrough in the semicryogenic engine test programme. In this test, the Engine Power Head Test Article, encompassing all engine systems except the thrust chamber, was subjected to a hot test for a duration of 3.5 seconds that validated the engine start-up se quence. During the test, the engine was successful ly ignited and operated up to 60% of its rated power level, demonstrating stable and performance. controlled "These tests are part of a planned series of evalua tions designed to validate the design integrity and performance of critical subsystems, including the low-pressure and high pressure turbo pumps, pre-burner and associated Significant feat...

Maruti Q4 net slips 4% on cost, to pay ₹135 dividend for FY25

       India's largest car maker Maruti Suzuki's (MSIL) standalone net profit slipped 4.2% year-on-year to ₹3,711.1 crore as input costs rose in the last quar-ter of fiscal 2025. This number stood at ₹3,877.8 crore in corresponding pe-riod of the previous fiscal.Net sales grew 5.8% to 38,849 crore in the re-porting quarter against 36,697.5 crore in Q4FY24. Expenses rose at a quicker pace of 8.6%, com-ing in at 137,328.7 crore in the quarter ended March 31, 2025. Share of material costs in total expenses grew 40 basis points to the company's share price dipped 1.81% on the BSE, closing at ₹11,685.90 a piece. 74.7% in the reporting quarter, as per the investor presentation.The company cited new plant expenses, higher ma-nufacturing overheads, ad verse commodity prices and costlier advertisement as the factors that pulled down the margins. For FY25, MSIL posted a net profit of 13,955 crore up 5.6% on higher sales from products. The com-pany sold cars worth 1,45,115.2 cr...

TNSTC to revamp city services in Tiruchi after new bus stand at Panjapur is opened

  The average distance per trip for city buses may go up by 5 km, say officials; all buses from Panjapur to go via Tiruchi Junction, Central Bus Stand Jaisankar TIRUCHI The Tamil Nadu Stare Transport Corporation (TNSTC), Kumbakonam, plans to reschedule its time and duration of various bus routes to cover the dis tance up to the Integrated Bus Terminus (IBT), which is scheduled to be commis sioned by Chief Minister M.K. Stalin on May 9. According to sources, the TNSTC has 3,448 bus es. Of them, 1,257 buses are operated as city and town buses and 1,929 are classi fied as long distance vehi cles (mofussal buses). The number of spare buses stands at 280. Nearly one third of the 3,448 buses are operated from Central Bus Stand in Tiruchi to various cities and towns such as  Nagapattinam, Tiruvarur, Thanjavur, Pudukottai, Chidambaram, Cuddalore, Perambalur, Ariyalur, Mad urai. Dindigul, and Karur. There are buses to Chennai and Villupuram as well. All buses are expected to fol low th...

Engineering , textile and apparel exports increased by more than 6% in FY25

                                         Engineering, textile and apparel exports frew by more than 6% in 2024-2025 over the previous year , according to data shared by the Union commerce Ministry ,                                         Engineering goods shipments grew 6.74% year on year in 2024-2025 over the previous year, touching 1165.67 dollor billion in 2024-2025 compared with 109.3 billion in 2023-2024 . Textile and apparel exports registered 6.32% growth in FY25 compared with FY24 .                                                        However , the additional duties imposed by t...