The Reserve Bank of India has capped the maximum dividend payout by banks at 75% of profit after tax (PAT), with the new prudential norms set to take effect from the financial year 2026-27.The central bank on Tuesday issued the Reserve Bank of India (Commercial Banks – Prudential Norms on Declaration of Dividend and Remittances…
Iran has reportedly continued exporting oil through its Kharg Island despite the ongoing war with the United States and Israel, while Washington considers seizing the strategic facility.According to TankerTrackers.com, cited by Bloomberg, oil shipments have continued from the island, which remains a key export hub for Iran. Axios reported on March 7 that the US…
Check out the companies making headlines before the bell: Kohl’s — Shares tumbled 9% after the retailer posted disappointing fourth-quarter revenue of $4.97 billion, below the LSEG consensus of $5.03 billion. On the other hand, fourth quarter earnings of $1.07 per share exceeded the expected 85 cents per share. Casey’s General Stores — The convenience…
Union Cabinet has approved changes to the foreign direct investment (FDI) policy governing investments from countries sharing land borders with India, including China, by amending Press Note 3 of 2020. Govt introduced a 60-day decision timeline for proposals in certain manufacturing sectors and clarifying rules around beneficial ownership.The decision, seeks to streamline investment approvals under…
IDFC First Bank on Tuesday said it has settled fraud claims at a Chandigarh branch at Rs 645 crore and has found no further discrepancies. Private sector IDFC First Bank had last month disclosed a Rs 590 crore fraud committed by certain employees and others at a particular branch in Chandigarh in a specific set…
NEW DELHI: The ruling NDA on Tuesday strongly defended Lok Sabha Speaker Om Birla during a debate on a resolution seeking his removal, while opposition parties accused him of acting under government pressure and failing to conduct House proceedings impartially.The debate began after opposition members moved a resolution to remove Birla as Speaker, alleging bias…
Airlines across Asia are increasing ticket prices and preparing contingency plans, including the possibility of grounding aircraft, as the escalating Middle East conflict threatens to trigger the biggest oil shock since the 1970s.Indian carriers have already raised fares on long-haul routes by about 15 per cent and are considering further hikes as jet fuel prices…
The government has revised the priority order for allocating domestically produced natural gas, placing LPG production, CNG for transport and piped cooking gas for households at the top of the list, as disruptions in imported gas supplies intensify amid the widening West Asia conflict, PTI reported.According to a gazette notification, the requirements of these sectors…
Latest developments: Infrastructure providers are increasingly building network-based stablecoin payment systems instead of single-provider rails, said Borderless CEO, Kevin Lehtiniitty, in an interview on CoinDesk’s Markets Outlook. Borderless recently partnered with wallet infrastructure provider Dfns to launch an institutional stablecoin off-ramp aimed at banks, fintechs and enterprises. The system routes stablecoin payouts through multiple liquidity…
The ongoing crisis in the Middle East has brought the Strait of Hormuz to the brink of closure, disrupting global oil supplies and forcing Gulf nations like UAE, Iraq and others, to slash production. With storage tanks filling rapidly, analysts warn of the growing risk of a total production shutdown if output is not carefully…
