BENGALURU: Britannia Industries plans to increase prices by about 4.5% by the end of the fiscal year, the company said during its post-earnings investor call on Friday. The company raised prices by 2% in the third quarter, which added Rs 100 crore to the revenues in the quarter.The company reported consolidated revenue from operations of…
BENGALURU: Infosys terminated around 350 freshers at its Mysuru campus after they failed to clear internal assessments, despite being given three attempts to succeed. The evaluation aimed to assess their proficiency and skills in Java programming and database management systems (DBMS), requiring them to achieve a minimum score of 65% in each of the assessments,…
MUMBAI: RBI has broken its silence on exchange rate movements, with governor Sanjay Malhotra saying the central bank will “ensure orderliness and stability without compromising market efficiency”.Economists and forex dealers speculate that RBI’s stance may have shifted with the arrival of Malhotra, as the sharp fall in the rupee’s value coincided with his appointment. While…
NEW DELHI: With RBI cutting policy rates for the first time in five years, govt is set to lower rates on small savings schemes, such as Public Provident Fund (PPF), during the next financial year.While the next review, covering the April-June quarter, is due on March 31, the finance ministry may not go for an…
MUMBAI: RBI has forecast a growth of 6.7% for FY26 while cutting its growth estimate for FY25 to 6.4%, lower than the 6.6% projection made in its financial stability report released in Dec 2024. The central bank also predicts inflation to average 4.2% in FY26, staying within the target zone (2-6%).In his maiden monetary policy…
BENGALURU: Pankaj Shrivastava, the interim resolution professional at Byju’s, has convened a committee of creditors (CoC) meeting on Saturday, to vote on who would be the permanent resolution professional, as per sources.In accordance with a National Company Law Tribunal (NCLT) ruling, Glas Trust Company, the administrative agent appointed by a group of lenders of Byju’s,…
NEW DELHI: India crossed the milestone of building solar power generation capacity of 100 GW (gigawatts) on January 31, a feat that provides a tangible leg up for its climate action.Giving credit to prime minister Narendra Modi’s unwavering commitment to a greener future for the achievement, renewable energy minister Pralhad Joshi on Friday said in…
New Income Tax Bill: Prime Minister Narendra Modi-led Union Cabinet has cleared the New Income Tax Bill today, according to a PTI report. The Income Tax Bill being cleared by the Cabinet paves way for it to be tabled in the Parliament next week as part of the Budget session.The proposed New Income Tax Bill,…
RBI MPC meet: The Reserve Bank of India announced on Friday that Indian banks will receive an exclusive internet domain ‘bank.in‘, whilst non-bank financial entities will get ‘fin.in‘ to address cyber security concerns. During the final bi-monthly monetary policy announcement of this fiscal year, RBI Governor Sanjay Malhotra indicated that ‘bank.in’ registrations would begin from…
Budget 2025 & RBI MPC impact: A repo rate cut is always good news for home loan borrowers, since EMIs come down. (AI image) Loan EMI calculator after RBI MPC meet: Reserve Bank of India (RBI) governor Sanjay Malhotra on Friday announced the Monetary Policy Committee’s unanimous decision to cut the key repo rate by…
