NEW DELHI: India’s second largest telecom operator Bharti Airtel saw its Q1 profit soar 37.3% to Rs Rs 8,167.4 crore this Q1, from Rs 5,947.4 crore in same period last fiscal thanks to higher mobile tariffs, strong customer additions and growth across its India and Africa businesses. Revenue in the same period rose 18.4% to…
The Enforcement Directorate (ED) is investigating 32 bank fraud cases involving 54 accused who have left the country, minister of state for finance Pankaj Chaudhary told the Rajya Sabha on Tuesday. The cases are being probed under the Prevention of Money-laundering Act (PMLA), 2002.Sharing details in a written reply, Chaudhary said that the agency has…
State-owned Oil and Natural Gas Corporation (ONGC) reported a more than two-fold jump in its profit for the April-June quarter on Tuesday. The spike was fueled by higher crude oil prices and improved realisations, even as oil and gas production remained broadly stable.According to a stock exchange filing, the company posted a net profit of…
MUMBAI: The chief of LIC Housing Finance, the largest home loan company in India, has called for capping of interest rates on loans in the affordable housing segment stating that nothing about some of the rates being charged in this segment is affordable. MD and CEO Tribhuwan Adhikari said some housing finance companies are charging…
Protecting new online shoppers from AI scams is India’s next e-commerce challenge. NEW DELHI: India’s next big e-commerce challenge is not artificial intelligence itself but protecting millions of first-time online shoppers from AI-powered scams, according to Amazon’s global trust and safety chief, who said consumer awareness has become as critical as technology in tackling digital…
Such growth would be the strongest earnings expansion since the extraordinary rebound in the spring of 2021. US stock market today: Wall Street moved closer to fresh record highs on Tuesday as easing oil prices and another round of strong corporate earnings lifted investor sentiment.The S&P 500 gained 0.6% and was on course to surpass…
What has been implemented as per SEBI directions is called a Closing Auction Session or CAS. At the start of the new month, confusion has ensued for stock market investors as a new mechanism for closing and revised timings has left traders scrambling to adapt. From August 3, 2026, the closing timings of different segments…
Policymakers are evaluating two broad models for introducing a Merchant Discount Rate for UPI payments. India has taken a step towards allowing merchant charges on Unified Payments Interface (UPI) transactions after proposed amendments to the country’s payments law were introduced in Parliament on Tuesday.UPI, among the world’s largest real-time payment systems, handled 23.6 billion transactions…
The govt assured strict action in case any contamination or adulteration is found The Ministry of Petroleum and Natural Gas on Tuesday said additional checks have been introduced to detect fuel contamination and adulteration, dismissing reports of fuel-quality issues.“Fuel quality is monitored on a regular basis by Oil Marketing Companies,” the ministry said, adding that…
NEW DELHI: Finance minister Nirmala Sitharaman is set to introduce further amendments to tax laws going beyond the Ordinance offering concessions to overseas investors putting money in govt bonds.According to the bill that has been circulated, it has been proposed to replace the broad reference to “electronic goods” with a defined list of “specified electronic…
Government’s stake sale in Life Insurance Corporation (LIC) saw strong participation from institutional investors in the first leg of the Offer-for-Sale (OFS), with nearly two-thirds of the shares reserved for them subscribed by noon on Tuesday.Data available till midday showed institutional investors had bid for more than 18.81 crore shares, amounting to 66.10% of the…
A parliamentary panel suggests lowering the minimum director age to eighteen years. NEW DELHI: The joint committee of Parliamentary panel examining the amendments to the Companies Act has recommended reducing the minimum age for appointment as managing director and whole-time director from 21 years to 18, bringing it in line with similar age caps in…
