MUMBAI: RBI has issued draft rules to tighten dividend payouts by banks by linking distributions to capital adequacy, asset and profit quality, setting a uniform prudential framework effective from FY27. In the previous financial year, banks paid over Rs 75,000 crore dividend after booking record profits.Under RBI’s draft rules, dividend payments by banks will be…
The hotel giant said it took “immediate action” against a Hampton Inn near Minneapolis after a video showed a worker declining Department of Homeland Security reservations. Source link
NEW DELHI: Finance minister Nirmala Sitharaman, who is due to present a record ninth consecutive budget, is working with a team of officials which is a mix of experience and fresh faces.It is likely that for the first time in recent years, she will not have a finance secretary, a first among equals, leaving it…
BENGALURU: Indian IT firms are expected to deliver a moderate performance in a seasonally weak Dec quarter, weighed down by furloughs (lesser number of working days in Dec). Demand remained subdued, with only limited recovery in discretionary spending, and growth was largely driven by clients’ cost-optimisation priorities. Brokerages estimate that enterprise technology spending is likely…
MUMBAI: ET NOW and ET NOW Swadesh are set to roll out Budget Bharat Yatra 2026, an initiative that seeks to create grassroots-driven budget expectation series, emphasising how the Union Budget can unlock opportunities for businesses, youth, MSMEs, and the next generation of entrepreneurs.Budget Yatra 2026 will be a month-long, multi-city series designed to go…
The announcement that Peter Zaffino would step down as chief executive in June and become executive chairman sent the insurer’s stock tumbling. Source link
CCI has invoked section 48 of the law, which extends liability to senior executives in charge of company operations. Under this provision, individuals can be held personally accountable and face penalties of up to 10% of their average income over the last three financial years if the violations are proven.Last week, TOI had sent questionnaires…
The country could, eventually, attract investment and re-emerge as a force in the oil markets, but many analysts are concerned about an oversupply. Source link
File photo (Picture credit: AP) Wall Street stocks moved higher on Tuesday, pushing major indices closer to record levels, as gains in technology shares and select healthcare stocks supported the market. Investors also remained focused on a busy week of US economic data that could shape expectations around future interest rate moves.As per news agency…
File photo: Commerce and industry minister Piyush Goyal with European Union commissioner for trade and economic security Maros Sefcovic NEW DELHI: India and the European Union (EU) will hold ministerial-level discussions on January 8-9 in Brussels to bridge differences in the proposed free trade agreement and push for an early conclusion of negotiations, an official…
