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BUSINESS

Blue Star's Q1 profit falls over 15 pc to Rs 102 crore
BUSINESS

Blue Star's Q1 profit falls over 15 pc to Rs 102 crore

Mumbai, Aug 6 — Blue Star Limited on Thursday reported a 15.3 per cent year-on-year (YoY) decline in net profit for the June quarter (Q1 FY27), as margin pressure and lower operating profitability offset healthy growth in revenue. The cooling products and refrigeration major posted profit of Rs…

Repo rate‑hike cycle likely to start early in Dec 26: Report
BUSINESS

Repo rate‑hike cycle likely to start early in Dec 26: Report

New Delhi, Aug 6 — India’s central bank is likely to begin raising rates in December 2026 rather than previous expectations of April 2027 and deliver a cumulative 75 basis points of hikes to peg the terminal rate at 6 per cent, a report said on Thursday.The report from Morgan Stanley forecasted…

India poised to lead next phase of AI revolution: Nandan Nilekani
BUSINESS

India poised to lead next phase of AI revolution: Nandan Nilekani

New Delhi, Aug 6 — India is positioned to lead the next phase of the artificial intelligence (AI) revolution by building real-world applications at scale rather than competing in the race for advanced chips and large language models, Nandan Nilekani -- head of the national examination and testing…

Indian IT sector's recruitment grows 10 pc annually
BUSINESS

Indian IT sector's recruitment grows 10 pc annually

New Delhi, Aug 6 — India’s technology hiring is diverging into two distinct trends as overall demand for tech work rose 10 per cent annually even as entry‑level IT roles eased, a report said on Thursday.The report from job site foundit said AI-led roles now account for 4 per cent of entry-level…

Govt raised Rs 31,552 crore via LIC OFS; shares trade lower
BUSINESS

Govt raised Rs 31,552 crore via LIC OFS; shares trade lower

New Delhi, Aug 6 — Shares of Life Insurance Corporation of India (LIC) traded lower on Thursday after the government raised Rs 31,552 crore through the Offer for Sale (OFS) by fully exercising the green shoe option and enabling the state-run insurer to achieve the mandatory 10 per cent minimum…