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New Delhi: Maruti Suzuki Friday missed D-Street estimates to report an 11% year-on-year decline in consolidated net profit in the June quarter, with input costs inflated by West Asia hostilities outweighing a robust increase in sales at India’s biggest carmaker. Consolidated profit at Maruti fell to ₹3,352 crore, compared with ₹3,758 crore in the corresponding…
New Delhi: ITC on Friday reported a 27% fall in standalone first quarter net profit from a year earlier, as record taxation on cigarettes weighed on the conglomerate’s core cash cow and the West Asia crisis hurt its agri-business exports. The Kolkata-based company posted a net profit of ₹3,578.82 crore for the quarter ended June….
Mumbai: The Securities and Exchange Board of India (Sebi) has disposed of legal proceedings against Religare Enterprises, its former chairperson Rashmi Saluja and five current and former directors, concluding that no further regulatory directions were warranted after the Burman Group‘s open offer was completed and control of the company changed hands. The regulator on Friday…
Mumbai: The Securities and Exchange Board of India(Sebi) has clarified that IDBI Bank can sell shares of unlisted companies to identified non-qualified institutional buyers through privately negotiated deals without the transactions being treated as deemed public issues. In an informal guidance letter issued on Friday, Sebi said secondary transfers of unlisted equity shares to identified…
Wall Street ended higher on Friday, lifted by Amazon as the tech heavyweight’s strong quarterly report bolstered investor confidence in AI-related stocks, while Apple dropped after its results disappointed investors. Amazon.com surged after posting its biggest quarterly revenue growth in over four years. Its results, along with a similar report from Microsoft on Wednesday, alleviated…
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The Employees’ Provident Fund (EPF) is a government-backed investment and retirement savings option in India. Salaried individuals are eligible to open an EPF account when basic pay and dearness allowance are up to ₹15,000. You can further opt for voluntary provident fund (VPF), if the basic pay and DA exceed ₹15,000 per month. For FY26,…
The Delhi government on Tuesday cleared the Lakshmi Yojana. Speaking to reporters after the Cabinet approved the scheme, Chief Minister Rekha Gupta said an online application portal for the Delhi Lakshmi Yojana would be launched on August 1. She added that beneficiaries are expected to receive the first instalment around Raksha Bandhan. Delhi Lakshmi Yojana…
National Stock Exchange of India (NSE) on Friday said it has paid Rs 714.74 crore to Sebi after receiving the regulator’s in-principle approval to settle the long-pending colocation and dark fibre cases for Rs 1,491.21 crore. The latest payment, together with the Rs 776.47 crore already deposited by the NSE, completes the Rs 1,491.21-crore settlement…
The 8th central pay commission (CPC) in a notice on its official website announced a three-day visit to the union territory (UT) of Chandigarh in September 2026. The panel plans to hold meetings and discussions with employees unions, representative groups and stakeholders during the visit. This comes after the panel released dates for state and…