MUMBAI: IndusInd Bank reported a quarterly loss of Rs 2,236 crore for the three months ending March 2025, reversing a net profit of Rs 2,346 crore in the same period a year earlier. It was the bank’s first quarterly loss since March 2006.This disclosure follows the abrupt exits of its chief executive and his deputy…
A one-time tax relief proposed under the new Income Tax Bill, 2025 could significantly reduce capital gains tax liabilities for many individual taxpayers. The new Income Tax bill allows long-term capital losses (LTCL) incurred up to March 31, 2026, to be set off against any short-term capital gains (STCG) from tax year 2026–27 onwards. This…
Donald Trump’s ally Laura Loomer called for restrictions on H-1B visas after the US banned Indian travel agents accused of illegal migration.Loomer, a vocal critic of immigrant employment, posted on X: “Let’s go. Now do the H1B visas. Thank you for your attention to this very important matter!”Her remarks come after the US government implemented…
NEW DELHI: The Central Consumer Protection Authority has issued notice to ride hailing platform Uber over its ‘advance tip’ feature in its app for availing faster service, calling it an unethical and unfair trade practice. The authority is also looking into similar practices by other platforms such as Rapido and Ola, sources said.Announcing the authority’s…
State-owned Oil India Ltd on Wednesday reported a 21 per cent decline in its net profit for the January–March quarter of FY25, citing lower crude oil and natural gas prices as key factors behind the drop.The company posted a net profit of Rs 1,591.48 crore in the fourth quarter of 2024–25, down from Rs 2,028.83…
Accenture is also promoting nearly 50,000 employees globally in June, aiming to lift staff spirits. Accenture, the global IT services giant, has announced pay hikes between 3 percent and 13 percent for staff at Associate Manager level and higher positions, marking their first raise in the last 2.5 years.Accenture is also promoting nearly 50,000 employees…
InterGlobe Aviation, the parent company of budget carrier IndiGo, posted a 62% year-on-year rise in its consolidated net profit for Q4FY25 at Rs 3,067 crore, compared to Rs 1,895 crore in the same quarter last year.The profit is attributable to the owners of the company.The airline’s board has recommended a dividend of Rs 10 per…
India’s imports of Russian crude oil are set to reach nearly 1.8 million barrels per day in May, the highest in 10 months, according to ship tracking data from Kpler, as domestic refiners ramp up purchases of lighter Russian grades like ESPO Blend.Strong demand from the world’s third-largest oil consumer is expected to continue into…
The Reserve Bank of India (RBI) has issued draft guidelines to streamline and standardize the procedures for issuing gold loans by banks and non-banking financial companies (NBFCs).These proposals aim to bring uniformity in gold loan practices and enhance transparency for borrowers.According to Sahil Kumar Gaba, National Manager-Gold Loan at Ujjivan Small Finance Bank, the RBI…
Inflation in the UK surged to its highest level since January 2024 in April, driven by sharp increases in domestic bills such as energy and water, official data revealed on Wednesday.The Office for National Statistics reported that the consumer prices index rose to 3.5 per cent in the 12 months to April, up from 2.6…
