MUMBAI: State Bank of India (SBI) reported a 10% rise in standalone net profit for the quarter ended Sept, aided by a one-time gain from the sale of its stake in Yes Bank and steady loan growth. During the quarter the bank’s total business crossed the Rs 100 lakh crore-mark. The bank’s standalone net profit…
MUMBAI: Days after filing a caveat before the Maharashtra charity commissioner, seeking a hearing before being ousted as a Tata Trusts trustee, Mehli Mistry said on Tuesday that he wished to “part ways” with the public charities, noting that “precipitating matters would cause irreparable harm to the reputation of Tata Trusts”.Mistry’s decision effectively de-escalates tensions…
NEW DELHI: Digital Communications Commission (DCC)’s “suggestion” to the Telecom Regulatory Authority of India (Trai) for seeking “clarifications” from the department of telecom (DoT) before releasing recommendations on various issues has stirred a controversy with some officials in the agency seeing it as govt intrusion into regulatory turf.On Oct 30, DCC, the inter-ministerial body for…
Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, reported an 84% year-on-year rise in consolidated net profit to Rs 3,199 crore for the September quarter, boosted by a one-time gain from the sale of its stake in AWL Agri Business Ltd (formerly Adani Wilmar Ltd).However, excluding the exceptional gain of Rs 3,583…
Norway’s sovereign wealth fund, one of the largest investors in Tesla, has said it will vote against CEO Elon Musk’s proposed compensation package that could be worth up to $1 trillion over the next decade. The announcement comes ahead of Tesla’s annual shareholder meeting on Thursday, where the plan has become the most divisive agenda…
The circumstances preventing Rawal’s joining were related to his being in judicial custody following the registration of an FIR against him. (AI image) Getting a job is no easy task, and losing it to untoward circumstances is unfortunate. One such case is of a Mr Rawal who got selected but couldn’t report within the specified…
A sharp slowdown in its biggest market has pushed Yum Brands to review its ownership of Pizza Hut, signalling the fast-food giant may be open to selling the struggling pizza chain, AP reported.Chief Executive Officer Chris Turner said the company has begun a formal review of strategic options for Pizza Hut, which remains profitable in…
Paytm brand owner One 97 Communications reported its second consecutive quarterly profit, posting a Rs 211 crore profit after tax (PAT) in the September 2025 quarter, alongside a 24% year-on-year revenue rise to Rs 2,061 crore, PTI reported.The company said growth was led by its payments and financial services businesses, reflecting continued improvement in operating…
Mehli Mistry has formally stepped down as trustee of the Tata Trusts, ending days of speculation over his position within the organisation. In a letter to all trustees, including chairman Noel Tata, Mistry cited his commitment to Ratan N Tata’s vision as the reason for his decision to withdraw, ANI reported.In his note, Mistry said…
Commerce and Industry Minister Piyush Goyal is visiting New Zealand to review the progress of negotiations on the proposed Free Trade Agreement (FTA), signalling renewed momentum in bilateral trade talks.Goyal will meet New Zealand’s Trade Minister Todd McClay in Auckland on November 5 to discuss ways to accelerate the ongoing FTA discussions, the commerce ministry…
