Dalal Street ended the week in red, dragging down the valuations of several heavyweight companies, erasing more than Rs 2 lakh crore from seven of India’s ten most-valued firms. Tata Consultancy Services and Reliance Industries accounted for the largest share of this decline as the broader market remained under pressure.The slide in stock prices mirrored…
Mumbai: Finance minister Nirmala Sitharaman on Saturday signalled fresh Covid-era style policy support to cushion the impact of the West Asia conflict, while urging India Inc to step up investment and replace imports with domestic manufacturing.At the ET Awards for Corporate Excellence, Sitharaman said the govt is working on support measures for sectors hit by…
Mumbai: Salaried taxpayers claiming House Rent Allowance (HRA) under the Income-Tax (I-T) Act, face tighter disclosure norms from April 1, 2026, with the introduction of a new declaration format: Form 124 which replaces the earlier Form 12BB and requires additional details to curb misuse.Employees are required to submit this form to their employers for the…
MUMBAI: Finance Minister Nirmala Sitharaman Saturday urged markets regulator Securities & Exchange Board of India to take the lead in implementing the govt-initiated ‘one nation, one KYC’ process.For long, the govt has been working on a unified know your client (KYC) system to eliminate repetition across services regulated by banks, mutual funds, stocks, bonds, insurance…
US President Donald Trump’s second term has seen a striking trend: most major geopolitical moves, trade signals and domestic policy pushes appear to orbit a single strategic axis—oil.What once sounded like campaign rhetoric in the form of “drill, baby, drill” has now evolved into a structured economic doctrine, where energy dominance is not just a…
MUMBAI: RBL Bank reported a net profit of Rs 230 crore for the quarter ended March 31, 2026, up 234% from Rs 69 crore in the corresponding quarter a year earlier, driven by higher income and lower provisions.Total income rose 7% year-on-year to Rs 2,740 crore, supported by steady growth in both interest and non-interest…
एक्सिस बैंक की ब्याज से कमाई बढ़ी Axis Bank reported a net profit of Rs 7,071 crore for the fourth quarter ended March 31, 2026, marking a marginal year-on-year decline of 0.6% from Rs 7,117 crore, as a jump in standard-asset provisioning as a prudential measure and drop in trading profits offset steady growth in…
Demand for Intel’s central processors from firms offering AI services was so strong in the first quarter that it sold even chips it had originally written off, a remarkable turnaround that sent the company’s shares soaring on Friday.The stock surged more than 24% to $83 in early trading, surpassing its dot-com era peak in 2000…
MUMBAI: Rising oil prices weighed on investor sentiment on Dalal Street for the third consecutive session that pulled sensex down by 1,000 points (1.3%) on Friday to close at 76,664 points. Foreign funds continued to sell aggressively, leading to a 2,609-point fall in the sensex in the last three sessions. The weakness of the rupee…
NEW DELHI: India and the US made positive progress during three-day trade talks in Washington this week, with both sides agreeing to remain engaged to sustain the momentum going forward, govt said on Friday.About a dozen officers from India were in Washington during April 20-22 to hold discussions with the US authorities on finalising the…
MUMBAI: Belgium’s top insurer present in life and non-life in India aims to break into the top 10, and will also explore acquisition opportunities as they arise, deepening its commitment to one of its fastest growing markets. The strategy builds on earlier moves, including becoming the first insurer in India to hold over 70% in…
PUNE: Union Finance Minister Nirmala Sitharaman on Friday said that banks should continue to have a human interface while serving the customers despite the massive continuing thrust on digitisation.“Digitisation should happen. It brings in greater inclusivity. But as this digitisation is happening we should ask ourselves whether we are getting distant from our customer base,”…
