MUMBAI: In one of the biggest block deals in recent years, Singapore Telecom (Singtel), one of the promoters of telecom services major Bharti Airtel, is offloading 0.8% in the Indian telco through block deals on Friday. The deal could bring in nearly Rs 8,600 crore, translating to $1 billion for Singtel, the term sheet for…
MUMBAI: IndusInd Bank acknowledged further accounting lapses, this time in its microfinance portfolio. The private bank disclosed in a filing to the stock exchanges that it wrongly booked Rs 674 crore in interest income over three quarters in FY25.To offset this, it carried Rs 595 crore in unsubstantiated entries under “other assets.” The bank stated…
NEW DELHI: India’s C-suite gender gap is stark, highlighting a significant disparity in leadership roles, with women holding just 17% of C-suite roles and 20% of board positions at India Inc.What’s more concerning is the low recruitment of women into entry-level private sector jobs, said McKinsey’s ‘Women in the Workplace’ report focused on India.Though women…
NEW DELHI: With the US and China agreeing to a tariff truce, Apple is reviewing its aggressive plans to scale up in India. While the “regular expansion and China+1 production diversification plans will continue as envisaged”, sources said the iPhone strategy being drawn up exclusively for the US market will be “temporarily put under review”.“We…
India’s banks are set to benefit from an anticipated uptick in loan growth, as improving profitability and declining provisions continue to strengthen the sector, according to a new report by S&P Global Market Intelligence as quoted by news agency ANI.All six of India’s largest public and private sector banks recorded full-year net income growth in…
IndiGo has launched daily direct flights linking Mumbai to Fujairah. IndiGo has launched daily direct flights linking Mumbai to Fujairah, its 41st international destination. Fujairah is the sole emirate on the UAE’s eastern coastline. This addition aligns with IndiGo’s international expansion strategy and enhances its UAE network, where it already operates flights to Abu Dhabi,…
Central trade unions have postponed the nationwide general strike initially scheduled for May 20, moving it to July 9 in light of recent developments following the India-Pakistan conflict. The decision was taken during a meeting of the Joint Platform of Central Trade Unions and Independent Sectoral Federations and Associations held on Thursday, according to an…
The Indian rupee declined by 22 paise to close at 85.54 against the US dollar on Thursday, pressured by strong demand for the greenback from importers and continued foreign fund outflows. However, gains in domestic equities and a fall in crude oil prices helped limit the currency’s losses, according to forex traders.At the interbank foreign…
NEW DELHI: The Adani Group has ended its partnership with Chinese company DragonPass, which is a platform offering airport lounge access service. Adani currently runs airports in Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati & Thiruvananthapuram and is building the upcoming one at Navi Mumbai.“Our association with DragonPass, which provided access to airport lounges, has been…
India’s merchandise exports grew by 9.03 per cent year-on-year in April, reaching $38.49 billion, driven by robust performance in key sectors such as electronics and engineering goods. Also, a sharp increase in imports led to the country’s trade deficit widening to $26.42 billion—the highest level since November 2024, when the gap stood at $31.77 billion,…
