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The rupee recovered 16 paise from all-time low closing level to 87.43 against the US dollar in early trade on Friday (Febraury 7, 2025) ahead of the Reserve Bank of India’s monetary policy announcement. Forex traders said there is an overall negative bias in the rupee as market participants are projecting RBI to cut rates…
The 2025-26 Kerala Budget will focus on accelerating the growth process that has been set in motion in the State, new investment models, and sustaining the pace on welfare spending, Finance Minister K.N. Balagopal said. At a pre-Budget chat, Mr. Balagopal said he was satisfied with his performance as Finance Minister, expressing confidence that Kerala…
Odisha Chief Minister Mohan Charan Majhi, seen here with Prime Minister Narendra Modi. File | Photo Credit: ANI Odisha has joined the growing demand for the Finance Commission to raise States’ share in India’s divisible tax pool to 50%, from about 41% currently. The Sixteenth Finance Commission chairman Arvind Panagariya acknowledged the broader call by…
Read More “Odisha joins States’ pitch for 50% share of divisible tax pool” »
File picture of National Mineral Development Corporation | Photo Credit: Special arragement Public sector miner National Mineral Development Corporation (NMDC) on Thursday (February 6, 2025) said it had commenced the sale of hot rolled (HR) products procured from the facility of demerged entity NMDC Steel (NSL) during the quarter ended December. It is also confident…
Read More “NMDC confident of demerged steel entity NSL clearing dues ” »
Now matter has been referred to the Chairperson of the appellate tribunal, who will assign this matter to a new bench. File | Photo Credit: Reuters Former Resolution Professional of insolvency-bound edtech firm Byju’s has moved appellate tribunal NCLAT challenging disciplinary action recommended against him by the Bengaluru bench of NCLT. Besides, former promoters of…
Read More “Byju’s suspended RP, former promoters move appellate tribunal NCLAT” »
The logo of Indian food delivery company Zomato with its new logo of ‘Eternal’. Food and delivery platform Zomato said on Thursday (February 6, 2025) it will rename the company to “Eternal” and unveiled a new logo, a move that comes more than two years after it began using the new name internally. In a…
Read More “Zomato rebrands as ‘Eternal’, unveils new logo” »
A worker cleans a Bharti Airtel logo inside its shop in Kolkata. File | Photo Credit: Reuters Bharti Airtel on Thursday (February 6, 2025) reported more than five-fold jump in consolidated net profit to ₹16,134.6 crore for the October-December quarter of 2024-25 compared to ₹2,876.4 crore in the year-ago period. India’s second-largest telecom company posted…
Read More “Bharti Airtel profit soars more than 5-fold to ₹16,134 crore in Oct-Dec quarter” »
Global oil benchmark Brent crude rose by 0.60% to $75.06 a barrel. File | Photo Credit: PTI Benchmark indices Sensex and Nifty slid for the second consecutive day on Thursday (February 6, 2025) amid caution ahead of the RBI’s monetary policy decision and fresh foreign fund outflows. The 30-share BSE Sensex dropped 213.12 points or…
Read More “Stock markets fall for second day ahead of RBI policy decision; Airtel, ITC major drag” »
SBI’s interest income in Q3 grew to ₹1,17,427 crore compared to ₹1,06,734 crore a year ago. Image for representation. | Photo Credit: Reuters The country’s largest lender SBI on Thursday (February 6, 2025) reported an 84% jump in standalone net profit to ₹16,891 crore in the December quarter. State Bank of India (SBI) had earned…
Read More “SBI Q3 results: Net profit surges 84% to ₹16,891 crore” »
Sensex and Nifty were trading lower amid RBI caution, foreign fund outflows on February 6, 2025. Benchmark indices Sensex and Nifty gave up early gains and were trading lower on Thursday (February 6, 2025) amid caution ahead of the Reserve Bank of India’s (RBI’s) monetary policy decision and fresh foreign fund outflows. The 30-share BSE…
Read More “Markets trade lower after initial optimism ahead of RBI policy decision” »
