Top stocks to buy today (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Asian Paints, Cummins India, and Eicher Motors are the top buy calls for today. Here’s his view on Nifty, Bank Nifty and the top stock picks for August 7, […]
Westermeier new head of Airbus India & S Asia
NEW DELHI: Airbus has appointed Jurgen Westermeier (53) as MD and president for India and South Asia, effective Sept 1, 2025. Jurgen, currently EVP & chief procurement officer at Airbus, will succeed Remi Maillard, who will become EVP engineering for commercial aircraft and head of technology. In his new role, Jurgen will lead Airbus’ business […]
Hyundai to boost local sourcing for EVs
CHENNAI: To strengthen its position in EV segment, Hyundai Motors India plans to boost sourcing of components from local vendors and improve EV infrastructure. According to annual report 2024-25, to boost price competitiveness and long-term viability, it plans to prioritise localisation of key EV parts, such as battery cells, packs, power electronics and drivetrain. It […]
EID Parry narrows loss to 28cr in Q1
CHENNAI: Sugar manufacturer EID Parry on Wednesday narrowed standalone loss at Rs 28 crore in quarter ended June 30, 2025. The company, which is part of Murugappa group, reported a loss of Rs 79 crore in corresponding quarter last year.Muthiah Murugappan, CEO, EID Parry said, revenue from sugar segment for Q1 was at Rs 347 […]
RBI finalises co-lending framework starting Jan 2026
Mumbai: RBI has come out with final co-lending rules for banks and non-banks which allow dual lending with a single KYC. The final norms mandate blended lending rates, irrevocable funding commitments, and escrow-based cashflow distribution, while keeping first loss default guarantee. These, along with capital impacts and lower returns, could make co-lending less attractive for […]
TCS plans to roll out salary hikes
TCS surprised its staff by announcing salary hikes for eligible associates up to grade C3A and equivalent (freshers to mid-level), covering nearly 80% of its workforce. The salary hike will be effective from Sept 1, according to an internal communication sent out by CHRO Milind Lakkad and CHRO-designate K Sudeep on Wednesday. Source link
Use crisis to unleash reforms: Mahindra
MUMBAI: Industrialist Anand Mahindra has said that US tariffs will have the unintended consequences of creating new growth drivers, and India should use the opportunity to unleash reforms like in 1991 and promote tourism as a forex engine. In an elaborate post on X following the tariff announcements, the Mahindra & Mahindra chairman outlined his […]
Settling claims to get easier for heirs of deceased clients
MUMBAI: India’s central bank is moving to simplify how banks release funds or valuables belonging to deceased customers. Reserve Bank of India will impose a single, standard procedure for settling such claims for both deposits and safe-deposit lockers. This will replace the patchwork of rules that currently varies from bank to bank. A draft circular […]
US-India tariff war: FIEO warns MSMEs could take major hit; 50% tariffs to affect 55% of shipments
India’s exporters are reeling from a major blow after the US imposed a steep 50% tariff on most Indian goods, a move the Federation of Indian Export Organisations (FIEO) has called “extremely shocking.”The fresh 25% hike, signed into order by US President Donald Trump on Wednesday, is in response to New Delhi’s continued purchase of […]
Donald Trump’s 25% additional tariff on India: Anand Mahindra cites ‘law of unintended consequences’; says global ‘Manthan’ can yield ‘Amrit’ for India
As India braces for a fresh round of tariffs imposed by the United States, Mahindra Group chairman Anand Mahindra urged the country to turn the crisis into a powerful opportunity by implementing bold economic reforms.On Wednesday, US President Donald Trump signed an executive order to impose an additional 25% tariff on Indian imports, citing India’s […]