MUMBAI: State Bank of India (SBI) reported a 10% rise in standalone net profit for the quarter ended Sept, aided by a one-time gain from the sale of its stake in Yes Bank and steady loan growth. During the quarter the bank’s total business crossed the Rs 100 lakh crore-mark. The bank’s standalone net profit…
MUMBAI: Days after filing a caveat before the Maharashtra charity commissioner, seeking a hearing before being ousted as a Tata Trusts trustee, Mehli Mistry said on Tuesday that he wished to “part ways” with the public charities, noting that “precipitating matters would cause irreparable harm to the reputation of Tata Trusts”.Mistry’s decision effectively de-escalates tensions…
NEW DELHI: Digital Communications Commission (DCC)’s “suggestion” to the Telecom Regulatory Authority of India (Trai) for seeking “clarifications” from the department of telecom (DoT) before releasing recommendations on various issues has stirred a controversy with some officials in the agency seeing it as govt intrusion into regulatory turf.On Oct 30, DCC, the inter-ministerial body for…
MUMBAI: State Bank of India (SBI) reported a 10% rise in standalone net profit for the quarter ended Sept 2025, aided by a one-time gain from the sale of its stake in Yes Bank and steady loan growth, even as margins remained under pressure. During the quarter the bank’s total business crossed the Rs 100…
The Reserve Bank of India (RBI) has announced the premature redemption price for the Sovereign Gold Bond (SGB) 2018–19 Series-I, issued on May 4, 2018, under the Government of India’s Sovereign Gold Bond Scheme, according to an ET report. Eligible investors can opt for early redemption of their holdings on November 4, 2025, in line…
Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, reported an 84% year-on-year rise in consolidated net profit to Rs 3,199 crore for the September quarter, boosted by a one-time gain from the sale of its stake in AWL Agri Business Ltd (formerly Adani Wilmar Ltd).However, excluding the exceptional gain of Rs 3,583…
Norway’s sovereign wealth fund, one of the largest investors in Tesla, has said it will vote against CEO Elon Musk’s proposed compensation package that could be worth up to $1 trillion over the next decade. The announcement comes ahead of Tesla’s annual shareholder meeting on Thursday, where the plan has become the most divisive agenda…
A sharp slowdown in its biggest market has pushed Yum Brands to review its ownership of Pizza Hut, signalling the fast-food giant may be open to selling the struggling pizza chain, AP reported.Chief Executive Officer Chris Turner said the company has begun a formal review of strategic options for Pizza Hut, which remains profitable in…
Paytm brand owner One 97 Communications reported its second consecutive quarterly profit, posting a Rs 211 crore profit after tax (PAT) in the September 2025 quarter, alongside a 24% year-on-year revenue rise to Rs 2,061 crore, PTI reported.The company said growth was led by its payments and financial services businesses, reflecting continued improvement in operating…
Commerce and Industry Minister Piyush Goyal is visiting New Zealand to review the progress of negotiations on the proposed Free Trade Agreement (FTA), signalling renewed momentum in bilateral trade talks.Goyal will meet New Zealand’s Trade Minister Todd McClay in Auckland on November 5 to discuss ways to accelerate the ongoing FTA discussions, the commerce ministry…