ICRA has reaffirmed the credit ratings of SBI Cards and Payment Services Limited, alongside enhancing its term loan limits, the credit card issuer said in a stock exchange filing on Friday. This move reflects the company’s robust financial standing and its strategic importance to the State Bank of India (SBI). The development underscores SBI Cards’…
The Institute of Chartered Accountants of India (ICAI) is developing AI tools that will be provided to professionals to extract desired information from voluminous data and identify any financial stress, fraud, or other specific audit requirements, said Charanjot Singh Nanda, president, ICAI, in an interview. AI cannot replace natural intelligence, but will work as a…
In a casual banter at an industry event in 2008, this writer asked a bunch of young executives from India’s advertising industry if they felt overwhelmed in the presence of creative legends from all over the world at an international event they had just returned from. One of them pointed at Piyush Pandey and said:…
Telecom operators and telecom tower companies have urged the Central government to cut electricity tariffs, ensure 24×7 power supply, speed up smart meter installation, and make it easier for them to use renewable energy. Currently, 35% of the telecom industry’s operating expenditure (opex) is spent on electricity costs. Telecom tower companies typically pass on energy-related…
The push is part of a ₹2,000 crore incentive plan that states can avail funding from under the broader ₹10,900 crore PM E-Drive scheme. “Discussions with state governments have already begun,” said one of the persons requesting anonymity. “The aim is to usher states through the process of appointing nodal agencies, aggregating demand for chargers,…
Tributes have poured in from all walks of life after advertising legend Piyush Pandey passed away at the age of 70. The man behind iconic advertisements for Fevicol, Cadbury, and Asian Paints had been suffering from a month-long illness. Pandey, who worked in the advertising industry for nearly four decades, was the Chief Creative Officer…
Advertising industry veteran Piyush Pandey has passed away at the age of 70 on Thursday after battling a month-long illness. The mind that gave Indian advertising its distinctive identity and flair had been the face of Ogilvy India. Known for his trademark moustache, hearty laugh, and keen insight into Indian consumers, he transformed ads from…
Construction is not a core business for most conglomerates, and they are typically not as aggressive in this sector as pure-play real estate companies, according to experts. However, these business houses are now rapidly developing their land holdings to cash in on the boom in prices. Many are also venturing into buying land or tying…
Starting next month, you’ll be able to have as many as four nominees for your bank accounts and lockers, compared to just one at present. On Thursday the government said some key provisions of the Banking Laws (Amendment) Act, 2025, including changes to nomination guidelines, would come into effect from 1 November. The government had…
Toys modelled after viral creations, such as a jet-powered crocodile named “bombardino crocodilo” and a wooden log with a baseball bat dubbed “tung tung tung sahur” from an Indonesian folklore, are flying off toy shelves, following in the footsteps of the viral Labubu doll craze. “Brain rot”, Oxford’s word of the year for 2024, refers…