The Indian Banks’ Association’s proposal for a five-day work week in banks, declaring all Saturdays as holidays, is under government consideration. While the finance ministry acknowledges the proposal, it clarifies that implementation is pending, denying staff shortages as a hindrance. The decision, driven by calls for improved work-life balance, awaits further consultations and final approval….
NEW DELHI: IndiGo saw its Q1 FY 2026 drop 20 per cent to Rs 2,176.3 crore from Rs 2,728.8 crore in same period last year due to the serious hit that travel took due to the India-Pakistan war and closure of 32 airports in north, west and central India witnessed in those three months; airspace…
T N Manoharan, renowned chartered accountant, former chairman of IDBI Bank and one of India’s most respected financial minds, passed away on Wednesday. He was widely acknowledged for his leadership in major institutional recoveries, including the turnaround of Satyam Computers following one of India’s biggest corporate frauds.A former president of the Institute of Chartered Accountants…
Donald Trump administration officials have indicated that more negotiations are needed with India before a trade deal can be sealed. India-US trade deal: With just two days remaining until US President Donald Trump’s reciprocal tariff deadline, the possibility of a trade deal between India and America is dimming, though officials have not ruled out any…
The Income Tax Department has enabled utilities for filing updated income tax returns (ITR-U) through ITR-1 and ITR-2 forms for assessment years (AY) 2021-22 and 2022-23, in accordance with Finance Act, 2025.The Union Budget 2025 has extended the timeline to 48 months from the assessment year’s end for filing updated returns under Section 139 (8A)…
The EU sanctions against Russia are expected to have significant implications for Indian refiners, according to a recent ICRA report.On July 18, the EU implemented its 18th sanctions package against Russia, prohibiting imports of refined products derived from Russian crude oil from third countries, whilst exempting Canada, Norway, the US, the UK and Switzerland.The impact…
Reliance Consumer Products Ltd (RCPL), the FMCG arm of Reliance Retail Ventures, is in early-stage discussions to acquire a majority stake in Shunya, the premium zero-sugar fruit drink brand owned by Baidyanath Group’s Naturedge Beverages, according to executives familiar with the matter, quoted by Economic times. Launched in 2018 by Siddhesh Sharma, a third-generation heir…
Nayara Energy, operates India’s third-largest refinery and supplies petroleum products both domestically and internationally. (AI image) EU sanctions on Russia oil have started causing troubles for Russia-backed Indian refinery Nayara Energy. After news of shipping operators showing reluctance to work with Nayara and Microsoft’s abrupt suspension of IT services for the company, it has come…
The last significant acquisition by Tata Motors was Jaguar Land Rover (JLR), purchased for $2.3 billion in 2008. In its biggest acquisition ever, Tata Motors is preparing to acquire Italian truck manufacturer Iveco from the Agnelli family, its main shareholder, for $4.5 billion (3.9 billion). The last significant acquisition by Tata Motors was Jaguar Land…
Indian electronic contract manufacturers are expanding globally through acquisitions and strategic partnerships to gain access to clients in the US, Europe, and other international markets. They are capitalising on supply chain disruptions triggered by tariff-related shifts, particularly those involving China. These companies are leveraging the current trade environment to acquire technologies and capabilities that would…
