State-owned Bharat Sanchar Nigam (BSNL) has marginally narrowed its net loss to Rs 2,785 crore in the April-September period from Rs 2,951 crore in the year-ago period, according to financial statements. This came on the back of an increase in revenue and income tax-related adjustment of Rs 168 crore in the July-September quarter. Revenue from
Wipro has appointed Omkar Nisal as the Chief Executive Officer of its Europe Strategic Market Unit (SMU), effective immediately. Omkar will report to Srinivas Pallia, CEO and managing director, and will also join Wipro’s Executive Board. He succeeds Pierre Bruno, who is stepping down from the role. Bruno’s departure marks the fourth significant exit from
The National Financial Reporting Authority (NFRA) has recommended a host of auditing standards for the limited liability partnerships (LLPs) on Monday that will make them more accountable and increase transparency. The NFRA recommended that a total of 40 standards on auditing (SAs) and related standards on quality management (SQM), which were finalised by the regulator
The monetisation of India Tourism Development Corporation (ITDC)’s prized property The Ashok with land parcels will likely kick off soon with the floating of expression of interest (EoI), sources told FE. “The ITDC has readied the draft EoI,” a senior official said. The government is keen on the conclusion of a leasing deal as soon
The government on Monday unveiled the Rs 1,435 crore PAN 2.0 Project. The project unveiled by Information and Broadcasting Minister Ashwini Vaishnaw aims to transform the Permanent Account Number (PAN) into a “common business identifier” for all digital systems of government agencies. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi
Honda is gearing to launch its first-ever electric two-wheeler in India on 27 November 2024. Ahead of its launch, the Japanese automaker is building hype around the launch by aggressively promoting the upcoming battery-powered scooter on its social media platforms. Rumoured to be called either eActiva or Activa Electric, the company has now shared yet
Mahindra will be unveiling the new BE 6e electric SUV globally tomorrow and the SUV has been seen on test multiple times, while the carmaker also released sketches of the vehicle. Now, with the dates closing in and set to be officially unveiled, here are the top three things to watch out for with the
Is your 500 rupee note fake? Every now and then, we hear news of agencies detecting fake currency notes in various parts of the country. With the withdrawal of 2000 rupee notes, the 500 rupee note has become the highest-denomination currency in circulation. The Finance Ministry has shared data related to fake currency notes, including
The market scenario can change completely in just a few months. Till September 2024, the Indian stock market was making new records every day. But since then, the situation has changed. Nifty 50 is down by about 14% from its peak. Similarly, the Nifty Midcap 100 has fallen by more than 18% in the last
In the career of a professional, there inevitably comes a time when they must step away from their workplace responsibilities. Approximately twenty-five years ago, as individuals approached retirement, many contemplated the prospect of securing their own residence. However, the landscape shifted at the dawn of the 21st century. The introduction of affordable home loan options
Building a successful portfolio can be challenging. However, there is no better time to create one than during a market carnage, when stocks are cheap. However, again, knowing what to buy is tough. So, we have done the work for you and are sharing two stocks worth watching in this market. Mayuresh Joshi of William
Do you think that the biggest income of the government comes from corporate tax? If yes, then these figures may surprise you. A large part of the government’s direct tax collection comes from personal income tax, while the growth of corporate tax has lagged in gaining momentum. How much is the government earning from personal
IRCON International’s share price jumped 9% to an intra-day high of Rs 150.40 on the National Stock Exchange. The surge in the stock price came after the company received a contract almost worth Rs 1,100 crore from the Government of Meghalaya. The contract needs to be completed within 36 months. “It is to inform that
