Independent telecom tower companies are expected to spend Rs 21,000 crore over a period between fiscals 2025 and 2026 in order to support the telecom companies in expanding rural networks and also improving service quality in urban areas, stated a report by CRISIL Ratings. Over the past two fiscals, the push for better coverage and
Ratings agency Moody’s said on Tuesday that it had cut the outlook on the ratings of seven Adani entities to ‘negative’ from ‘stable,’ citing the U.S. indictment of Chairman Gautam Adani and others on alleged bribery charges, which could likely weaken the group’s access to funding and increase its capital costs. Moody’s also affirmed the
Tata Motors is going all guns blazing with the expansion of its electric vehicle (EV) portfolio. The company launched two all-new EVs in 2024, Punch.ev and Curvv.ev, both vehicles based on the new Acti.ev modular skateboard architecture which Tata claims to have developed indigenously for its upcoming electric cars. Among the many EVs lined up
PAN 2.0 Project: The Centre has given its approval to a Rs 1,435-crore PAN 2.0 Project in line with the Modi government’s Digital India mission. PAN 2.0 Project is an e-governance project for re-engineering the business processes of taxpayer registration services through technology driven transformation of PAN/TAN services for enhanced digital experience of the taxpayers.
With the end of the fiscal second quarter results season, brokerage firms stated that Q2 corporate earnings scorecard was weak, but excluding commodities, it reported an in-line growth. Consumption, per analysis by Motilal Oswal Financial Services (MOFSL), has emerged as a weak spot, while select segments of BFSI are experiencing asset-quality stress. “Weak government spending
Honda is all set to launch the third generation of Amaze on 4 December 2024. It comes at a time when Maruti has just launched the new fourth generation Dzire– Amaze’s prime competitor, a couple of weeks ago. The company recently released design sketches of the upcoming compact sedan. However, the upcoming Amaze has been
Formula One has announced that General Motors/Cadillac will be the eleventh team on the F1 starting grid from the 2026 season. GM will join F1 as an engine supplier at a later point in time. Earlier, GM’s F1 entry was approved by the FIA but rejected by F1 on commercial grounds, however, the campaigning paid
Senior Citizen Fixed Deposits: When it comes to investments, senior citizens always look for safer options as they want to protect their retirement funds. In this regard, fixed deposits (FDs) have always attracted them as such investment instruments give their money stability and generate predictable returns. For the last nearly 2 years, banks and non-bank
The Indian equity market has witnessed growing turbulence, with steep fluctuations in benchmark indices and sectoral fluctuations. They include persistent geopolitical uncertainty, rising crude oil prices, heavy selling by FIIs and fear of global recession that have created a questionable investment environment. Given the challenging conditions, some mutual fund managers have taken a cautious approach
The Central Board of Direct Taxes (CBDT) on Tuesday asked stakeholders to continue submitting their suggestions on the new Income Tax Bill, 2025, which will be compiled and sent to a select committee of Parliament for review. In a release, the CBDT said an effort is underway to collect inputs and work on simplification of
After a 14% correction since September end, benchmark indices have recorded around 2% gains in the past two trading sessions. The broader indices, which had fallen up to 24% from their peak levels, also gained around 3%, providing much-needed relief to investors. However, the key question remains: Will this recovery sustain? Experts are divided. While
After acquiring Allianz’s 26% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for Rs 24,180 crore, Bajaj Finserv is planning to explore listing of its insurance ventures. Sanjiv Bajaj, chairman and managing director of Bajaj Finserv, said there was a regulatory nudge for listing of larger insurance companies. The boards of the
The Competition Commission of India (CCI) on Tuesday raided the offices of media agencies, including GroupM, Dentsu and IPG Mediabrands, as well as the Indian Broadcasting and Digital Foundation (IBDF), an apex body of broadcasters, over alleged fixing of ad rates and discounts, industry sources told FE. The action comes ahead of the 18th edition
