News Headlines from Business News Agencies:
Business Standard
Industrial output growth dips to 2.7% in April, lowest in eight months
Economists see global growth coming under strain; India story intact: WEF
N Chandrasekaran to step down from Tata Chemicals; new Chairman appointed
PayPal receives RBI nod to operate as cross-border payment aggregator
IndiGo to launch first commercial flights from Navi Mumbai airport
Practo expands to UAE, targets markets with large Indian diaspora
Scoda Tubes IPO gets subscribed twice the offer size on Day 1 of share sale
European businesses report record-low optimism in China: Survey
Brazil sues China's BYD over worker trafficking, abuse at EV plant site
Rooter revenue surges 120% to $10 mn in FY25 on strong commerce growth
India's data centre sector may attract $20-25 bn in next 6 years: Colliers
Opec+ to gather for quota review before key decision on July output
Economic Times
Cabinet hikes minimum support price of Kharif crops for 2025-26; ups paddy MSP by Rs 69 per quintal
Nissan to invest €700 mn in India despite stake sale to Renault
Power demand to grow at 6.5% CAGR over next 5 years: ICRA
Cabinet gives nod to extend Modified Interest Subvention Scheme at 1.5% rate for FY26
Agritech startup GROWiT raises $3 million in funding round led by GVFL
Indel Money reports 52% growth in Assets Under Management and 10% profit increase
Pernod Ricard to pass on price cut benefits to consumers after UK-India FTA
Myntra secures Rs 1,063 crore funding from Singapore-based parent entity
Microsoft, Yotta join hands to drive AI innovation in India
ACME Solar commissions 1st phase of 26.4-MW wind energy project in Gujarat
BC Jindal bags 150 MW round-the-clock project from SECI
Mint
BEML plans to develop light infantry vehicles, future-ready combat vehicles
MSMEs must comply with quality standards, be more responsive: Consumer Affairs Secretary
No plans to exit Indian market; company well entrenched in country: Nissan India MD
Hero FinCorp gets Sebi approval to launch ₹3,668 crore IPO
IndiGo appoints Vikram Singh Mehta as Chairman of Board
Induslaw ties up with Europe's CMS as India opens legal sector to foreign firms
Insolvency board revamps bankruptcy resolution reporting process
PepsiCo India reports ₹884-cr profit in 2024 after shifting to calendar year
TRAI initiates discussion on assignment of microwave spectrum in lower 6 GHz, E and V Bands
Malabar Gold & Diamonds weighs entry into lab-grown diamond segment
TCS CEO Krithivasans compensation rises 4.6 pc to ₹26.52 cr in FY25.
Business Standard
Industrial output growth dips to 2.7% in April, lowest in eight months Economists see global growth coming under strain; India story intact: WEF N Chandrasekaran to step down from Tata Chemicals; new Chairman appointed PayPal receives RBI nod to operate as cross-border payment aggregator IndiGo to launch first commercial flights from Navi Mumbai airport Practo expands to UAE, targets markets with large Indian diaspora Scoda Tubes IPO gets subscribed twice the offer size on Day 1 of share sale European businesses report record-low optimism in China: Survey Brazil sues China's BYD over worker trafficking, abuse at EV plant site Rooter revenue surges 120% to $10 mn in FY25 on strong commerce growth India's data centre sector may attract $20-25 bn in next 6 years: Colliers Opec+ to gather for quota review before key decision on July outputEconomic Times
Cabinet hikes minimum support price of Kharif crops for 2025-26; ups paddy MSP by Rs 69 per quintal Nissan to invest €700 mn in India despite stake sale to Renault Power demand to grow at 6.5% CAGR over next 5 years: ICRA Cabinet gives nod to extend Modified Interest Subvention Scheme at 1.5% rate for FY26 Agritech startup GROWiT raises $3 million in funding round led by GVFL Indel Money reports 52% growth in Assets Under Management and 10% profit increase Pernod Ricard to pass on price cut benefits to consumers after UK-India FTA Myntra secures Rs 1,063 crore funding from Singapore-based parent entity Microsoft, Yotta join hands to drive AI innovation in India ACME Solar commissions 1st phase of 26.4-MW wind energy project in Gujarat BC Jindal bags 150 MW round-the-clock project from SECIMint
BEML plans to develop light infantry vehicles, future-ready combat vehicles MSMEs must comply with quality standards, be more responsive: Consumer Affairs Secretary No plans to exit Indian market; company well entrenched in country: Nissan India MD Hero FinCorp gets Sebi approval to launch ₹3,668 crore IPO IndiGo appoints Vikram Singh Mehta as Chairman of Board Induslaw ties up with Europe's CMS as India opens legal sector to foreign firms Insolvency board revamps bankruptcy resolution reporting process PepsiCo India reports ₹884-cr profit in 2024 after shifting to calendar year TRAI initiates discussion on assignment of microwave spectrum in lower 6 GHz, E and V Bands Malabar Gold & Diamonds weighs entry into lab-grown diamond segment TCS CEO Krithivasans compensation rises 4.6 pc to ₹26.52 cr in FY25.