State-owned GAIL India Ltd on Tuesday reported a marginal rise of 1.3% in its consolidated net profit for the last quarter of the financial year 2024-25 at Rs 2,505.61 crore from Rs 2,474.31 crore recorded in the same period of FY24. On a sequential basis, however, the net profit fell by 39% from Rs 4,084.24
The Securities & Exchange Board of India (Sebi) on Tuesday proposed to ease rules for foreign portfolio investors (FPIs) that exclusively invest in government bonds (“IGBs”) under the voluntary retention route (VRR) and fully accessible route (FAR). As per Sebi data, the aggregate holding of FPIs in FAR-eligible government bonds stood at around ₹3 trillion
Warren Buffett, the oracle of Omaha and Ravi from Delhi have something in common. They both were witness to what can be called a superpower. While Buffett used it deliberately, Ravi’s story reveals a powerful lesson for the impatient investors, who want to keep jumping from one investment to the other. Discover this superpower below…
Coal India (CIL) plans to supply 4500 MW of carbon-free energy in a phased manner to the upcoming green ammonia facilities of AM Green. It will be through a combination of solar and wind, whose capacities CIL aims to set up on a pan-India basis, AM Green said in a statement. A formal non-binding memorandum
The stock market feels a little shaky due to the India-Pakistan tension. As geopolitical tension simmer and market volatility keeps large corporations cautious, the mainboard IPO segment has gone silent. This week again, there is no new mainboard IPO opening. But the SME market is not hitting pause. Two new SME IPOs are opening for
As the July 31 deadline for filing Income Tax Returns (ITR) for the financial year 2024-25 approaches, experts are warning taxpayers to tread carefully and avoid common pitfalls that can lead to penalties, delayed refunds, or even scrutiny by the Income Tax Department. ALSO READIncome Tax Department notifies ITR forms 1, 2, 3, 4 and
As tensions between India and Pakistan escalate, major Indian IT and global consulting firms have issued advisories urging employees in sensitive regions to work from home (WFH) and avoid non-essential travel. According to a report by Moneycontrol, several companies including HCLTech, Deloitte, EY, Tech Mahindra, and KPMG have taken precautionary measures to safeguard employees amid
Have you ever walked into shop, and seen more employees than customers? This is not uncommon. Chances are, many of these retail establishments would just be fine with half as many workers. Many of those workers would love the opportunity to earn a bit more. And perhaps some of them will soon find opportunities making
Housing sales in India’s top 15 tier 2 cities dropped by 8% year-on-year in the first quarter of 2025, according to a report by real estate data analytics firm PropEquity. A total of 43,781 units were sold in Q1 2025 compared to 47,378 units in Q1 2024. However, despite the dip in volume, sales value
The board of beleaguered telco Vodafone Idea (Vi) has approved another round of fund raise amounting to Rs 20,000 crore, while the operator’s net loss widened sequentially in the March quarter. In an exchange filing late on Friday night, Vi informed the exchanges that subject to shareholder approval and/or other requisite regulatory/statutory approvals, the firm
RBI’s interest rate decision, macroeconomic data announcements and global trends are the key factors that would dictate the momentum in the equity market this week, analysts said. Moreover, trading activity of Foreign Institutional Investors (FIIs) and developments on the tariffs front would also guide investors’ sentiment, experts noted. RBI Policy meeting in focus “Looking ahead
A social media post has again brought the spotlight on how alleged corruption continues in the tax regime and haunts people who want to expand their businesses. The post, shared by Vinod Gupta, revealed his frustration over delays in getting his Goods and Services Tax (GST) registration. He alleged in the post that after failing
US President Donald Trump’s decision to double tariffs on steel and aluminium imports is set to impact India’s metal exports worth $4.56 billion, according to a report by the Global Trade Research Initiative (GTRI). The revised tariffs, which will take effect on June 4, 2025, are expected to make Indian metal products significantly more expensive
