MUMBAI: Axis Bank reported a steady operating performance in Dec quarter, with net profit rising 3% year-on-year to Rs 6,490 crore, supported by strong loan growth and higher fee income, even as margins moderated. The bank’s net interest income increased 5% from a year earlier to Rs 14,287 crore, on the back of 14% growth…
New Delhi: PVR INOX on Monday said it will divest its premium snacking business under the 4700BC brand to FMCG major Marico in an all-cash transaction valued at Rs 226.8 crore, a move aimed at reducing debt and sharpening focus on its core cinema operations. PVR INOX expects this deal to “be completed within 30…
NEW DELHI: Technology has emerged as the top paymaster across roles and levels in 2026, driven by deepening digitisation and a sharper focus on artificial intelligence among businesses. Tech and IT roles also dominate the top three salary brackets across levels, with all top 10 hot jobs being technology-led, the first time ever in recent…
As India’s startup ecosystem matures, Employee Stock Option Plans (ESOPs) continue to be one of the most effective tools for attracting and retaining talent. For young companies operating with limited cash flows, ESOPs help balance ambition with affordability. However, how these stock options are taxed continues to play a decisive role in how valuable they…
NEW DELHI: Amid a weak disinvestment performance so far this financial year, there are at least two proposals on the table to step up privatisation and use the proceeds for specific purposes.Industry body CII, govt departments and think tank NITI Aayog have proposed that govt should significantly step up privatisation and use the proceeds for…
Gold smashed through the $5,000-an-ounce threshold for the first time, extending a breakneck rally fuelled by US President Donald Trump’s reshaping of international relations and investor flight from sovereign bonds and currencies.Bullion jumped as much as 2.5% to more than $5,111 on Monday, as dollar weakness reinforced demand. A gauge of the greenback has fallen…
A Dubai-based conglomerate has said it will initiate legal action against Lebanese authorities, alleging losses of more than $1.7 billion following years of economic crisis, banking restrictions and political instability in Lebanon.The Al Habtoor Group said on Monday that its investments in Lebanon have suffered “severe and sustained harm” due to measures imposed by Lebanese…
The US Treasury Department has terminated its contracts with consulting firm Booz Allen Hamilton following the conviction of a former contractor linked to the company for leaking sensitive tax data of thousands of wealthy Americans, including President Donald Trump, to media organisations.The decision comes amid broader efforts by the Trump administration to act against entities…
The Indian stock market failed to extend its strong momentum from the previous session and ended in the red on Friday. Volatility persisted and widespread selling emerged amid a weaker rupee and continued FII outflows. Analysts project that this weak sentiment is likely to continue. “Nifty on the weekly chart has formed a sizable bearish candle…
What can be done for customs reforms. (AI generated image) By Krishan AroraIndia customs has seen several reforms over the years – from tariff rationalization to digitization to simplified procedures & schemes to support domestic Industry. While high tariff rates and duty rate rationalization remains a key industry demand, there is a need for a…
