New Delhi: India’s third largest telecom operator Vodafone Idea is finally seeing green shoots. On Saturday, It posted a net profit of Rs 51,970 crore in Q4 FY 26, thanks to a one-time accounting gain from govt’s adjusted gross revenue (AGR) relief — versus a loss of Rs 7,166 crore in same quarter previous fiscal….
The government has imposed restrictions on silver imports, according to an official order issued on Saturday, as authorities continue efforts to regulate bullion inflows and reduce pressure on the country’s external sector.In a notification, the Directorate General of Foreign Trade said the import policy for silver, including silver alloys with gold and platinum, has been…
Tesla has increased prices of its Model Y variants in the United States, according to updates on the company’s website, Reuters reported.The electric vehicle maker raised the price of the Model Y Premium All-Wheel Drive and Model Y Premium Rear-Wheel Drive variants by $1,000 each to $49,990 and $45,990, respectively.Tesla also increased the price of…
Photo credit: Harvard Alumni TOI correspondent from Washington: Nirmal Narvekar, the Indian-American financier who spent nearly a decade reshaping the investment machinery behind Harvard University’s colossal $57 billion endowment, is preparing to retire, closing one of the most consequential – and controversial – chapters in modern university finance.Known on Wall Street and in Ivy League…
Principal secretary to Prime minister Narendra Modi, PK Mishra, on Saturday cautioned that financial systems should remain connected to the real economy and everyday lives of citizens, warning against risks arising from excessive speculation and instability in markets, ANI reported.Addressing the 20th convocation ceremony of the National Institute of Bank Management (NIBM) in Pune, Mishra…
The government on Friday raised fuel prices in the country, in an effort to soften the blow on oil marketing companies, as global crude soared beyond $100 while retail prices remained unaltered. Now, as petrol and diesel are Rs 3 costlier, the key question is: to what extent will the price hike help?While the outlook…
Starbucks is once again trimming its workforce, laying off about 300 US-based roles set to go as the coffee giant reshapes its operations in a bid to get back to what it calls “durable, profitable growth”.The job reductions, according to Reuters, will affect regional support offices, with Starbucks also moving to consolidate its US office…
NEW DELHI: The increase in retail prices of petrol and diesel is expected to drive headline inflation print by 10-25 basis points (bps) in the coming months, with analysts cautioning that cascading impact of higher fuel costs could force RBI to reassess its inflation projections for the year.Several companies, which were holding on to price…
NEW DELHI: Higher petroleum prices propelled India’s exports to $43.6 billion, the highest monthly level in over four years, showing a 13.8% growth, which is fastest in five months. Imports rose at a more moderate pace of 9.9% to $71.9 billion, resulting in a trade deficit of 28.3 billion, a three-month high.Oil product exports jumped…
India’s trade with Brics countries gathered pace over the past five years, making the bloc a significant part of the country’s imports. However, this growing trade also reflects a bigger problem: India is relying more on imports from the bloc, pushing its trade deficit higher.A report by Rubix Data Sciences said India’s bilateral trade with…
