Disappointing quarterly earnings from major private lenders, elevated crude oil prices and continued foreign investor outflows added to the pressure MUMBAI: Benchmark indices snapped a two-day winning streak on Monday, with sensex falling 876 points, or 1.2%, to 73,853 and Nifty declining 257 points, or 1.1%, to 22,889 as selling in private sector banks and…

MCC had initially directed SDTT to file its response by Oct 12, but granted the trust additional time, extending the deadline to Oct 19. MUMBAI: Sir Dorabji Tata Trust (SDTT) on Monday filed its response with Maharashtra Charity Commissioner (MCC) to complaints lodged by trustees Venu Srinivasan and Vijay Singh, meeting the extended Oct 19…

The findings also highlighted a distinct regional divergence in welfare impact NEW DELHI: In-kind social transfers ranging from free foodgrains under the public distribution system (PDS) to laptops, bicycles and school uniforms have pushed nearly 22 crore people — comprising around 19% of rural population and 8.4% of those in urban areas — into higher…

In his resignation letter to Noel, Bhat described his tenure on Trent’s board as a “pleasure and privilege” MUMBAI: Harish Bhat, a long-serving Tata executive, has resigned from Trent, the retailer chaired by Noel Tata, citing growing personal and professional commitments.Bhat, 63, served on Trent’s board for 12 years. An alumnus of BITS Pilani and…

In an earnings call, managing director and CEO Vinay Tonse said the bank was examining the judgment and its options MUMBAI: Yes Bank has told investors that Supreme Court’s order to restore Rs 8,415 crore of additional tier-1 (AT1) bonds written off during its March 2020 restructuring would not constrain growth, citing deferred tax assets…