MUMBAI: Most companies reporting their financial results for Q3FY26 are reporting a large one-time provison towards employee benefits attributing it to the new labour code. TOI takes a look at what brought about these changes and how does it affect stakeholders.1. What is the new labour code change that is forcing companies to make one-time…
InterGlobe Aviation shares fell sharply on Thursday after Competition Commission of India (CCI) ordered initiating a detailed investigation into IndiGo over alleged unfair business practices. The stock dropped over 3% during the morning session. On the BSE, shares of the airline’s parent company slid 3.65% to Rs 4,782.45, while on the NSE they declined 3.63%…
SEBI chief Tuhin Kanta Pandey (PTI photo) MUMBAI: Sebi chairman Tuhin Kanta Pandey Wednesday expressed his disappointment at the fact that more Indians know about cryptocurrency than about corporate bonds. “Sebi’s investor survey shows awareness of corporate bonds as an investment product is only about 10%, well below deposits, insurance, and small savings. Even cryptocurrency…
Mukesh Ambani (right) and Larry Fink MUMBAI: Reliance Industries chairman Mukesh Ambani on Wednesday said that India will be self-sufficient in the energy sector with reasonable investments in the next 20-30 years. “In the next decade, India will not import 80% of its energy,” he said.“We have a path and God- willing, like with technological…
Asian markets opened lower on Thursday, after fresh losses in US technology stocks that weakened investor confidence across the region. Overnight losses on Wall Street weighed down sentiment, even as US stock futures showed modest gains. Hong Kong’s HSI was down 1.2% or 340 points to 26,506. In Japan, Nikkei shed 604 points to reach…
Around the crack of dawn, a line begins forming at a strip mall in Hyattsville, Maryland, as residents ranging from students to delivery workers and federal contractors wait to sign up for food assistance.“Right now, it’s a lot — paying rent, buying food,” said Shirleyann Desormeaux, a chef supporting four children in her household.Even with…
Nvidia CEO Jensen Huang (File photo) NEW DELHI: Days after the moves announced in the Budget, Nvidia CEO Jensen Huang has said that data centres will help replicate success of the internet to create jobs in the country.“We have a giant investment in India and we have a lot of partnerships in India. I prefer…
Sriharsha Majety, group CEO, Swiggy Swiggy MD & group CEO Sriharsha Majety has said that budget’s announcement to introduce City Economic Regions, will accelerate urbanisation and formalisation beyond the metros, while expansion of organised economic activity into Tier-II and Tier-III centres will be a key driver of incremental GDP creation over medium term.“Targeted investments in…
MUMBAI: A tech sell-off on Dalal Street on Wednesday—that came on the back of Anthropic’s launch of a new AI-led app that could potentially challenge existing business models of Indian software exporters—wiped off about Rs 1.75 lakh crore worth of market value. The sharp slide in sector leaders like TCS, Infosys and Wipro, also left…
MUMBAI: The rupee slipped 17 paise to close at 90.44 against the dollar on Wednesday, retreating after a sharp 124-paise surge in the previous session that followed news of a trade deal being finalised between India and US.Dealers said the rally lost momentum as the market failed to see follow-through demand, particularly from foreign institutional…