BENGALURU: Ola Electric’s revenue dropped by 60 per cent to Rs 649 crore in the March quarter from Rs 1,641 crore in the year-ago period. Its net loss increased to Rs 870 crore in the quarter, compared to Rs 417 crore in the same period of the previous year. Deliveries fell sharply to 51,375 units…
NEW DELHI: Bajaj Auto on Thursday said its consolidated net profit declined 10 per cent year-on-year to Rs 1,802 crore in Q4 on account of lower sales in the domestic market. The Pune-based company reported a net profit of Rs 2,011 crore for the Jan-March period of 2023-24. Total revenue from operations rose to Rs…
Higher loans, credit cards coming street vendors’ way NEW DELHI: With the contours of the revamped PM SVANidhi scheme having been finalised, street vendors will be getting higher subsidised loans, as well as credit cards with a limit of Rs 30,000, on account of banks coming on board. The credit cards will be issued by…
NEW DELHI: The Institute of Chartered Accountants of India (ICAI) will review fraud-hit IndusInd Bank’s financial statements for 2023-24 and 2024-25. ICAI’s Financial Reporting Review Board (FRRB) will carry out the review. FRRB conducts the review of financial statements of companies to assess compliance with accounting standards, standards on auditing, among others. Starting with a…
Representative image (Picture credit: IANS) BENGALURU: The Supreme Court has admitted two appeals in the ongoing insolvency proceedings of Think & Learn, the parent entity of Byju’s. The appeals were filed by the company’s promoters and cricket body BCCI. The apex court has scheduled the next hearing for July 21.The cases stem from the insolvency…
Donald Trump has sought to restructure America’s international trade relationships. (AI image) The Donald Trump administration has lashed out at a US trade court ruling striking down the President’s reciprocal tariffs. The White House has said that the US trade policy will continue and the government is reviewing other avenues as well.The Trump administration sharply…
Chief Economic Advisor V Anantha Nageswaran on Thursday urged India Inc to scale up capital expenditure and align worker compensation with profitability growth to ensure the Indian economy sustains a growth trajectory of over 6.5 per cent and moves closer to its goal of becoming a developed nation by 2047.Speaking at a CII event, Nageswaran…
The Coca-Cola Company is optimistic about expanding its portfolio of billion-dollar brands, with India playing a key role in this growth trajectory, said Henrique Braun, Executive Vice President and Chief Operating Officer, on Thursday.Speaking during his visit to Mumbai, Braun highlighted the significance of India in the company’s global growth strategy. He noted that Coca-Cola…
The US economy contracted at a 0.2% annual pace from January through March, marking the first quarterly decline in three years, as President Donald Trump’s trade policies disrupted business activity. The Commerce Department released the revised estimate Thursday, slightly improving on its initial figure.The drop in gross domestic product (GDP) — the broadest measure of…
The circulation of central bank digital currency (CBDC), or e-rupee, surged to Rs 1,016 crore by the end of March 2025, up from Rs 234 crore a year earlier, according to the Reserve Bank of India’s (RBI) annual report released on Thursday.The RBI also indicated that it is exploring cross-border CBDC pilot projects, though it…
