The profit reported by BSNL in the December quarter of last financial year — its first in 17 years — followed accounting changes, including a revised depreciation method and moving some employee costs to assets as capital work in progress, which significantly lowered reported expenses. The benefit of those adjustments carried into the following quarter…
Mumbai: Religare Enterprises Ltd and Religare Finvest Ltd have approved to spin off the group’s financial services and insurance businesses into two independent, listed entities. “Following the evaluation of various structural alternatives with leading advisors, the boards of Religare Enterprises and Religare Finvest determined that the proposed demerger represents the most efficient path to create…
New Delhi: Amid growing demand for power in the country, companies have installed a record power generation capacity of 52.53 GW in the country so far this financial year. The previous record was about 34 GW in FY25. A power ministry statement said that out of the total capacity installed so far this fiscal, renewable…
Bank holidays next week: Banks across India will be closed on four days next week, for Losar, Chhatrapati Shivaji Maharaj Jayanthi, State Day and Sunday weekend holiday, on 18, 19, 20 and 22 February, respectively. The Reserve Bank of India (RBI) has listed a total of nine holidays during the month for all public and…
Ford Chief Executive Officer Jim Farley has reportedly spoken to Trump administration officials on an expected framework with which Chinese automakers can manufacture cars in the US while also offering some protection to domestic car companies. The top executive sat with Trump Cabinet members last month, according to a Bloomberg report citing people familiar with…
GST 2.0 was expected to boost consumption, as consumers waited for price cuts to kick in from September. The Street widely expected people to shift to premium products or from unbranded consumer goods to branded ones. While price cuts did boost sales of a few larger electronic products or cars, the wider consumer sector still…
Bank holiday today, 14 January: Bank holidays can come in the way of several financial planning decisions for many customers if they do not keep a tab of which days banks will be closed. The RBI bank holiday calendar lists all the days where banks remain closed in a certain city or state due to…
India’s electronics exports grew at a compound annual growth rate (CAGR) of 17.2% between 2015 and 2024, far outpacing global electronics trade growth of 4.4%. The sector’s shipments rose from $8.6 billion in 2015 to $42 billion in 2024, and now account for 10% of India’s total export basket. The government’s apex think tank said…
India’s pension fund regulator has received enquiries from two banks to act as pension managers, two months after it allowed lenders to operate as such, a top official said. “Two banks have shown interest (to act as pension fund managers), and a few others that are sponsors of mutual funds have also shown interest,” said…
MUMBAI : State-run lenders, including Canara Bank, Bank of Baroda, Bank of Maharashtra and Bank of India, are preparing to tap the debt market through infrastructure bonds in early March, but are holding off the issuances as they wait for borrowing costs to ease, three debt merchant bankers aware of the discussions told Mint. This…