India business news

Here are the latest India business news updates:

Top Stories

  1. Reliance Industries' Jio Platforms raises $1.5 billion from KKR: Reliance Industries' digital arm, Jio Platforms, has raised $1.5 billion from private equity firm KKR, valuing the company at $65 billion. (Source: Reuters)
  2. Tata Steel to acquire UK-based Thyssenkrupp's steel business: Tata Steel has agreed to acquire Thyssenkrupp's steel business in the UK for £1 billion, creating a new joint venture. (Source: Financial Times)
  3. India's GDP growth slows to 4.7% in Q2: India's economy grew at a slower pace of 4.7% in the second quarter, driven by a decline in manufacturing and construction output. (Source: Business Standard)
  4. Amazon to invest $1 billion in India's food retail business: Amazon has announced plans to invest $1 billion in its food retail business in India, as it looks to expand its presence in the country's e-commerce market. (Source: The Economic Times)
  5. HDFC Bank's Q2 profit rises 18% to ₹8,185 crore: HDFC Bank has reported a 18% rise in its profit to ₹8,185 crore in the second quarter, driven by a growth in net interest income and other income. (Source: Business Standard)

Sector Updates

  1. IT sector: India's IT sector has seen a decline in growth due to the COVID-19 pandemic, with companies such as Infosys and TCS reporting slower growth in their quarterly results. (Source: The Hindu BusinessLine)
  2. Pharmaceuticals: India's pharmaceutical sector has seen a surge in demand for COVID-19 vaccines and treatments, with companies such as Serum Institute of India and Dr. Reddy's Laboratories reporting strong growth. (Source: The Economic Times)
  3. Automotive: India's automotive sector has seen a decline in sales due to the COVID-19 pandemic, with companies such as Maruti Suzuki and Hyundai reporting lower sales. (Source: Business Standard)
  4. E-commerce: India's e-commerce sector has seen a surge in growth, with companies such as Amazon and Flipkart reporting strong sales during the festive season. (Source: The Hindu BusinessLine)
  5. Real Estate: India's real estate sector has seen a decline in sales due to the COVID-19 pandemic, with companies such as DLF and Unitech reporting lower sales. (Source: The Economic Times)

Company News

  1. Reliance Industries' Q2 profit rises 15% to ₹13,670 crore: Reliance Industries has reported a 15% rise in its profit to ₹13,670 crore in the second quarter, driven by a growth in refining and petrochemicals business. (Source: Business Standard)
  2. Tata Motors' Q2 loss widens to ₹1,048 crore: Tata Motors has reported a wider loss of ₹1,048 crore in the second quarter, driven by a decline in sales and a rise in expenses. (Source: The Economic Times)
  3. HCL Technologies' Q2 profit rises 10% to ₹2,464 crore: HCL Technologies has reported a 10% rise in its profit to ₹2,464 crore in the second quarter, driven by a growth in software services business. (Source: Business Standard)
  4. Bharti Airtel's Q2 profit rises 23% to ₹1,134 crore: Bharti Airtel has reported a 23% rise in its profit to ₹1,134 crore in the second quarter, driven by a growth in mobile services business. (Source: The Economic Times)
  5. ICICI Bank's Q2 profit rises 15% to ₹4,112 crore: ICICI Bank has reported a 15% rise in its profit to ₹4,112 crore in the second quarter, driven by a growth in net interest income and other income. (Source: Business Standard)

These are just a few of the latest India business news updates. If you're looking for more information, please let me know!