NEW DELHI: Vodafone Idea on Friday reported a loss of Rs 7,166 crore for the fourth quarter of the last fiscal, against Rs 7,675 crore in the same period of 2023-24. The company’s board also approved raising of Rs 20,000 crore to fund expansion.The company, reeling under a debt pile of over Rs 2 lakh…
MUMBAI: Sebi on Friday banned 59 entities, including actor Arshad Warsi, his wife Maria Goretti, from the market for up to 5 years. The move is related to misleading videos on YouTube channels – like Moneywise, The Advisor and Profit Yatra – luring investors to buy TV channel Sadhna Broadcast’s shares. The markets regulator fined…
NEW DELHI: In a relief to Vedanta, the appellate tribunal NCLAT has stayed the National Company Law Tribunal orders against the demerger of the multinational mining company into separate entities and subsequent listing.The Mumbai bench of NCLT had on March 4 rejected the first motion petition moved for the composite scheme of arrangement between Vedanta…
Finance minister Nirmala Sitharaman NEW DELHI: Finance minister Nirmala Sitharaman on Friday said India is sustaining its GDP growth momentum as the fastest-growing economy for the fourth year in a row, aided by manufacturing, services, and farm sectors.“India is sustaining growth and it is the fastest-growing economy now for the fourth year continuously, thanks to…
MUMBAI: RBI is looking to introduce interest rate rules for non-banking finance companies similar to those that govern banks. The goal is to improve how changes in monetary policy pass through to borrowers and to make loan pricing more transparent.As of now, when RBI changes its benchmark repo rate, banks pass on the changes quickly…
The Income tax department on Friday announced that the Excel utility for filing Income Tax Returns (ITRs) using forms ITR-1 and ITR-4 for Assessment Year 2025–26 is now available.“The Excel Utility for ITR-1 and ITR-4 for AY 2025-26 has been enabled and is now available for taxpayers,” the department said in a post on X.With…
The ministry of Finance on Friday announced that Central government employees who retired under the National Pension Scheme (NPS) on or before March 31, 2025, and have completed at least 10 years of qualifying service — or their legally wedded spouses — will be eligible for additional benefits under the Unified Pension Scheme (UPS).These UPS…
Wall Street drifted lower Friday morning as investors weighed a mixed batch of corporate earnings and ongoing uncertainty surrounding former President Donald Trump’s shifting tariff policies. Despite the day’s dip, the market remained on track to close out what could be its best month since November 2023.The S&P 500 slipped 0.2% in morning trading. The…
The Employees’ Provident Fund Organisation (EPFO) is set to revolutionize the way millions of employees access their provident fund (PF) savings. Starting June 2025, EPF members will be able to instantly withdraw PF funds via Unified Payments Interface (UPI) and ATMs, according to DD News.This major step is being implemented with the support of the…
Forex Reserves (AI image) India’s foreign exchange reserves increased by $6.992 billion, reaching $692.721 billion for the week ended May 23, according to the RBI’s Friday announcement. The overall reserves had previously declined by $4.888 billion to $685.729 billion in the week ended May 16. The reserves had achieved their highest level of $704.885 billion…