The Reserve Bank of India has capped the maximum dividend payout by banks at 75% of profit after tax (PAT), with the new prudential norms set to take effect from the financial year 2026-27.The central bank on Tuesday issued the Reserve Bank of India (Commercial Banks – Prudential Norms on Declaration of Dividend and Remittances…
US stocks edged lower on Tuesday as investors remained cautious amid uncertainty over how long the war with Iran may last and whether oil prices will stabilise after recent sharp swings.The S&P 500 slipped 0.4% in morning trading, while the Dow Jones Industrial Average fell about 250 points, or 0.5%, as of 10 a.m. Eastern…
The government has asked shipping companies, vessel operators and their agents to refrain from “predatory, non-transparent and opportunistic pricing” practices as freight costs rise sharply amid disruptions caused by the ongoing conflict in West Asia, PTI reported citing sources.The advisory was issued by the Directorate General of Shipping (DGS) on Monday after the regulator received…
Mumbai: For restaurants across the country, it is not business as usual–a severe crunch of LPG supplies on the back of the West Asia war is posing a threat of temporary closures with many firms having moved to induction cookers to stay afloat and some of them also restricting menu choices. Smaller establishments are already…
New Delhi: IndiGo CEO Pieter Elbers has resigned from the airline with immediate effect, following the airline’s unprecedented schedule collapse last December that had left lakhs of passengers stranded across airports. Airline founder & MD Rahul Bhatia will “in the interim assume management of the affairs of the company,” IndiGo parent InterGlobe Enterprises said in…
Cabinet on Tuesday approved two railway multitracking projects worth Rs 4,474 crore in West Bengal and Jharkhand, aimed at easing congestion and strengthening freight and passenger movement across key routes in eastern India.The projects, Sainthia–Pakur 4th line and Santragachi–Kharagpur 4th line, were cleared by the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra…
The Union Cabinet has approved a revised capital cost of Rs 3,630.77 crore for the construction of a 31.42 km greenfield connectivity corridor linking the upcoming Noida International Airport at Jewar with the Delhi–Mumbai Expressway network, a move aimed at strengthening transport access to the airport and boosting logistics across the National Capital Region (NCR).The…
The Union cabinet on Monday approved the extension of the Jal Jeevan Mission (JJM) until December 2028, with a revised total outlay of Rs 8.69 lakh crore, as the government seeks to shift the rural drinking water programme from infrastructure creation to a service delivery–driven model under JJM 2.0.Under the revised framework, the Centre’s financial…
IDFC First Bank on Tuesday said it has settled fraud claims at a Chandigarh branch at Rs 645 crore and has found no further discrepancies. Private sector IDFC First Bank had last month disclosed a Rs 590 crore fraud committed by certain employees and others at a particular branch in Chandigarh in a specific set…
A sharp rise in global crude oil prices triggered by the conflict in the Middle East has pushed fast-moving consumer goods (FMCG) companies to rethink their strategies. Firms may either cut the grammage of product packs or raise prices, according to a report by The Economic Times.International crude prices crossed the $100-a-barrel mark on Monday…
