NEW DELHI: Centre’s fiscal deficit hovered around 18% of the full year’s estimate at the end of the first quarter, despite elevated capex and a slower growth in tax revenue due to the impact of GST rationalisation.During April-June, the Centre’s tax revenue was 3.7% higher at just over Rs 9 lakh crore, compared with a…
MUMBAI: RBL Bank has secured a credit rating above India’s sovereign rating with Moody’s assigning the lender a first-time Baa2 long-term issuer and deposit rating, one notch above India’s Baa3 sovereign rating, on expectations of support from its majority shareholder, Emirates NBD Bank. The rating agency assigned a stable outlook.The higher rating follows Emirates NBD’s…
There are several benefits associated with the use of plastic or polymer notes. (Image for representative purpose) In the coming months you may be holding a currency note made of plastic instead of paper! India has taken the first step towards introduction of plastic or polymer notes. The move revives a project that was first…
July 31, 2026 continues to the last date on which salaried taxpayers and pensioners can file their income tax return. ITR filing FY 2025-26 deadline extension: Will the income tax return filing deadline of July 31, 2026 be extended? As of now there is no intimation from the Income Tax Department on extension of the…
NEW DELHI: How much is the estimated drop in fuel efficiency when E20 fuel is used in non-E20-compliant vehicles? While govt rejected claims on social media of substantial loss in mileage due to E20 petrol, transport and petroleum ministries have given slightly different figures.Road transport ministry, citing a study by Automotive Research Association of India…
MUMBAI: Tata Steel is severing a quarter-century-old partnership with Germany’s Martrade, buying out the logistics group’s 23% stake in their joint shipping venture for Rs 335 crore.The steelmaker is acquiring 41.4 lakh equity shares in TM International Logistics from IQ Martrade Holding Und Management, taking its holding from 51% to 74% once the deal closes;…
Sebi (representative image) MUMBAI: National Stock Exchange (NSE) on Thursday said that markets regulator Sebi has accepted in-principle revised terms of settlement for certain past regulatory lapses, against a payment of Rs 1,491 crore. The settlement issue which was under process for several years, now paves a smooth sailing of NSE’s IPO for which the…
File photo: Salil Parekh, Infosys CEO BENGALURU: When Salil Parekh took over as Infosys CEO in 2018, the company was grappling with boardroom turmoil that had shaken investor confidence. Over nine years, he helped transform the company, doubling revenue from $10 billion to $20 billion, securing over $100 billion in large deals, and the foundation…
The tankers sailed out of the Red Sea through the Bab el-Mandeb Strait. (Reuters photo) Seeking to avoid curbs on movement in Red Sea, two oil tankers carrying Saudi crude to Indian refiners sailed out by temporarily going “dark”. The tankers sailed out of the Red Sea through the Bab el-Mandeb Strait. This follows the…