Business Today 11 May2025

It was the 4th of August, 2006, when a brand-new Airbus A320 took to the skies from Delhi airport. The first destination was Guwahati, and the aircraft then f lew onward to Imphal. The airline was named IndiGo, and it took off with a focus on inter-India destinations. The journey of its parent company—InterGlobe Enterprises—had begun back in 1989, a few years before the first wave of reforms unleashed private-sector entrepreneurship in India. The ambition of the founders was evident. They booked as many as 100 aircraft of the same type—the Airbus A320 family—set affordable fares and offered the pioneering feature of booking air tickets on mobile phones. The service was slick, and the livery was all dyed indigo. Five years after its first domestic flight, IndiGo went international. On…

SOURCE CMIE ECONOMIC OUTLOOK SLOW LANE INDIA’S MER-CHANDISE TRADE WITH THE WORLD HAS REMAINED NEARLY FLAT OVER THE LAST THREE YEARS 13.73% INDIA’S SHARE IN US SMARTPHONE IMPORTS IN 2024, UP FROM 7.88% A YEAR AGO $383.51 BILLION WORTH OF SERVICES INDIA EXPORTED IN FY25, UP 12.4% YEAR-ON-YEAR. SERVICES IMPORTS ROSE 9.33% TO $195.95 BILLION $500 BILLION THE BILATERAL TRADE TARGET INDIA AND THE US HAVE SET TO ACHIEVE BY 2030. THE FIGURE WAS $107 BILLION IN FY25 TILL JANUARY TOP BUYERS MORE THAN 25% OF INDIA’S EXPORTS GO TO THE US AND THE UAE NOTE DATA FOR FY25 TILL JANUARY SOURCE CMIE ECONOMIC OUTLOOK TRADE BALANCE TILT INDIA ENJOYS A SURPLUS WITH THE WORLD’S LARGEST ECONOMY, THE US, BUT FACES AN $84-BILLION TRADE DEFICIT WITH THE LARGEST EXPORTER, CHINA…

IT MAJOR TATA Consultancy Services (TCS) is considered a bellwether of the Indian IT sector. The company kicked off the Q4 earnings season kicked off on a muted note, with the tech titan posting 1.7% year-on-year (YoY) fall in its consolidated net profit at ₹12,224 crore, the its first quarterly fall in 18 quarters. On the other hand, the company’s revenue grew by 5.29% YoY at ₹64,479 crore. The country’s largest IT services firm by revenue indicated that global uncertainty has led to an overall impact on business, with consumer, manufacturing, life sciences, and healthcare verticals affected the most. Meanwhile, it also deferred salary hikes for employees for the current year, citing the growing macroeconomic uncertainty, intensified by the ongoing tariff war between the US and other countries. Pranay Aggarwal,…

AFTER A WAIT of one and a half months, the crucial department of revenue in the finance ministry has got a new full-time secretary with the appointment of Arvind Shrivastava, who was till now serving as Additional Secretary, Prime Minister’s Office. A 1994 batch IAS officer of the Karnataka cadre, Shrivastava, takes over from Economic Affairs Secretary Ajay Seth, who held additional charge after Tuhin Kanta Pandey was appointed as Securities and Exchange Board of India (Sebi) Chairperson on February 27. Along with Shrivastava, the Appointments Committee of the Cabinet chaired by Prime Minister Narendra Modi has brought in three more new faces in the North Block, including secretaries in the departments of expenditure and public enterprises as well as an Officer on Special Duty (OSD) for the Department of…

FINANCIAL SERVICES COMPANY Jio Financial Services has launched digital loan against securities (LAS), allowing customers to avail loans of up to ₹1 crore through the JioFinance app. With interest rates starting at 9.99%, the process is digital and quick; loans are approved and disbursed in under just 10 minutes. Kusal Roy, MD and CEO of Jio Finance, said, “The launch of Loan Against Securities is part of our broader digital strategy to transform how customers access financial services. Our focus is on making financial products more accessible, efficient, and customer-friendly.” This launch comes at a time when loan against securities is getting popular. According to data from the Reserve Bank of India (RBI), the outstanding amount under advances to individuals against share, bonds, etc jumped by 17% to ₹9,808 crore in…

FOR INDIAN FAMILY businesses, blood is thicker than water, but only till brand equity enters the room. The Lodha brothers’ clash over the family brand name is more than a legal skirmish and provides a glimpse into disputes over legacy. At the centre of the brand dispute were the Lodha siblings, Abhishek and Abhinandan. Four months after Abhishek and his company, Macrotech, filed a brand infringement suit against Abhinandan and his company, House of Abhinandan Lodha (HoABL), a settlement has been reached. This after Abhishek filed a suit in January, alleging Abhinandan of using the Lodha brand name for its projects in Goa, and Ayodhya among other locations. The demand was ₹5,000 crore in damages. Interestingly, the recent dispute between the siblings involves a family settlement that was inked in 2017.…