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Nifty below 25,050; IT shares decline

Mumbai, May 16 -- The key equity benchmarks traded with modest losses in early trade. The Nifty traded below the 25,050 mark. IT shares declined after advancing in the past two consecutive trading ses... Read More


3.3 lakh Indians visited Turkey in 2024 but now they are turning to Greece, Kazakhstan, Georgia amid boycott calls

India, May 16 -- Travel to Turkey and Azerbaijan has taken a hit after India's recent conflict with Pakistan. Many Indian tourists are boycotting both countries due to their support for Pakistan follo... Read More


Inside N26.6trn budgets, many Nigeria's states swim in debts, leave schools, hospitals underfunded

Nigeria, May 16 -- In Nigeria, budget season is often a grand affair. Governors, flanked by aides, arrive at the Houses of Assembly to present appropriation bills with lofty titles like "Budget of Ren... Read More


Groww to acquire Prosus-backed Fisdom for around $150 million

New Delhi, May 16 -- Online stock trading platform Groww has signed a definitive agreement to acquire wealth-tech startup Fisdom in an all-cash deal for around $150 million, according to two people wi... Read More


Websol Energy sizzles on turnaround Q4 numbers

Mumbai, May 16 -- Revenue from operations surged to Rs 173 crore in Q4 FY25, steeply higher than Rs 24.9 crore in Q4 FY24. EBITDA stood at Rs 79.5 crore in Q4 FY25 as against negative EBITDA of Rs 0.7... Read More


Bikaji Foods slides as Q4 PAT drops 66% YoY to Rs 40 cr

Mumbai, May 16 -- However, total revenue from operations grew by 14.60% year on year (YoY) to Rs 596.91 crore in the quarter ended 31 March 2025. Volume growth was at 8.9% YoY in the fourth quarter o... Read More


Natasha Poonawalla attends Lauren Sanchez's Paris bachelorette ahead of Jeff Bezos wedding

India, May 16 -- Businesswoman and fashion icon Natasha Poonawalla joined Lauren Sanchez, the 55-year-old former news anchor, in Paris to celebrate her bachelorette party on Thursday. Hosted at the c... Read More


Luxury Car Dealer Held in Rs.100 Crore Customs Duty Scam

HYDERABAD, May 16 -- Hyderabad-based luxury car dealer Basharat Khan, owner of the 'Car Lounge' showroom, has been arrested in Gujarat for allegedly orchestrating a massive Rs.100 crore customs duty e... Read More


Godrej Inds gains after reporting turnaround Q4 numbers

Mumbai, May 16 -- Revenue from operations jumped 26.5% to Rs 5,779.69 crore in Q4 FY25, compared with Rs 4,567.27 crore in Q4 FY24. Profit before tax (PBT) surged 419.2% YoY to Rs 635.22 crore in Q4 ... Read More


US tailwinds, AI investments, to drive growth for IKS Health

New Delhi, May 16 -- Jhunjhunwala family-backed Inventurus Knowledge Solutions (IKS) aims to grow faster than the market in FY26 with more investments in artificial intelligence (AI), improving synerg... Read More