CATEGORIES

Godrej Consumer reports 14% drop in Q3 net profit

GODREJ Consumer Products (GCPL) reported a 14.2% year-on-year (y-o-y) decline in consolidated net profit for the December quarter, missing analysts' estimates.

'CBDC launch only after thorough evaluation'

THE RESERVE BANK of India (RBI) will roll out the central bank digital currency (CBDC) only after thoroughly evaluating its impact, deputy governor T Rabi Sankar said on Friday.

Bank of India net profit rises 35% as bad loans decline

BANK OF INDIA (BOI) on Friday posted a 35% increase in its net profit to 2,517 crore for the December quarter on account of a decline in bad loans, rise in net inter-est income and income from trea-sury operations. The lender had reported a net profit of 1,870 crore in the year-ago period.

A vision for 5 crore jobs in the heartland

The upcoming Budget could focus on special economic zones as a transformative strategy to transform rural areas into growth engines

Liquidity deficit tops ₹3L cr

THE LIQUIDITY SHORTAGE in the banking system has shot up to over ₹3 lakh crore, a level that a Bloomberg report said is the highest in over a decade.

Boeing warns of $4-bn loss in Q4

BOEING WARNED on Thursday that it expected a fourth-quarter loss of about $4 billion to close a year marred by production quality issues, supply chain delays and a crippling strike by West Coast factory workers.

JSW Steel Q3 net profit plunges 70% to ₹719 cr

JSW Steel on Friday reported an over 70% fall in consolidated net profit to ₹719 crore in the December quarter, mainly due to higher expenses. It had posted a net profit of ₹2,455 crore in the year-ago quarter, the company said in an exchange filing.

Pidilite adds more colour to its paints venture

Pidilite Industries, best known for adhesive brands Fevicol and Fevikwik, is looking to grow its paints venture called Haisha, which launched in select markets, last year (FY24).

India to keep buying Russian oil if available at discount: Puri

UNION MINISTER HARDEEP Singh Puri on Friday said that India would continue buying crude oil from Russia if it is available at a discount emphasising that the government is \"committed\" to buying the most economically-priced crude oil.

Ericsson India sales fall 53% in 2024

TELECOM EQUIPMENT maker Ericsson on Friday reported a 53% year-on-year (y-o-y) decline in its India operations revenue to 14.87 billion Swedish crowns (approximately ₹11,732 crore) in 2024, according to the company’s earnings report.

Mineral states lead fiscal index

MINERAL-RICH STATES ODISHA, Chhattisgarh, Goa and Jharkhand bagged the top slots in a new comprehensive annual index launched by the Niti Aayog to gauge the fiscal health of state governments.

'NIM should improve by 15 bps in Q4'

Shriram Finance's net interest margins should improve by at least 10-15 basis points in Q4FY25 Umesh Revankar, executive vice chairman, tells Anupreksha Jain. The stress build-up in various segments is also expected to improve in the coming quarters, he adds.

Food inflation may soften to 6% in near term: Analysts

Prices of cereals and edible oils still remain a concern

Q-comm marketing spends set to soar as competition grows

AS COMPETITION INTENSIFIES in the quick commerce sector, market-ing spends by leading players are expected to rise by 30-40% in 2025, reaching 2,000 crore, according to industry experts.

RIL's 3-GW data centre set to be world's biggest

FACILITY LIKELY TO COST $20-30 BN

SC stays HC ruling giving tax treaty benefits to Tiger Global

THE SUPREME COURT (SC) on Friday stayed a 2024-Delhi High Court (HC) ruling, which had allowed a private equity firm Tiger Global to avail tax benefits arising from the India-Mauritius Double Taxation Avoidance Agreement (DTAA), on transactions prior to April 1, 2017.

Meta's revised paid ad-free service may breach EU privacy regulations

META PLATFORMS' REVISED no-ads subscription service may still breach EU consumer and privacy laws in addition to antitrust rules, the European Consumer Organisation (BEUC) said on Thursday as it urged regulators to act against the U.S. tech giant.

It's raining handouts

Political parties must avoid reducing elections to one-upmanship on freebies

Invest in stocks: China to insurers

CHINA IS GUIDING local mutual funds and insurers to boost their stock purchases in the government's latest initiative to shore up its ailing equity market as it confronts the threat of higher tariffs.

Emilia Perez Leads Oscars Race With 13 Nominations

NETFLIX'S SPANISH-LANGUAGE musical Emilia Perez topped the list of movies nominated on Thursday for Academy Awards, followed by The Brutalist and Wicked.

In the grey zone

Meta's fact-check roll-back can upend contextual ads

CCPA Notices to Ola, Uber Over Price Disparity Complaints

The Consumer Protection Authority (CCPA) has issued notices to tech giant Apple and cab aggregators Ola and Uber following consumer complaints about software performance and pricing disparities, Consumer Affairs Minister Pralhad Joshi said on Thursday.

In hiding, Awami League leaders connect with Hasina

THEIR BANK ACCOUNTS FROZEN, MANY RELATIVES ARRESTED

Trump Urges Lower Oil Prices, Rate Cuts

Reiterates tariff threat to bring manufacturing back to the US

Deposits lag credit growth in fortnight to January 10

Banks’ deposits lagged credit growth for the fortnight ended January 10, according to the latest data released by the Reserve Bank of India.

HDFC Bank expects improved CASA ratio with easing in rates

HDFC BANK EXPECTS its current account savings account (CASA) ratio to improve as interest rates are likely to soften, Sashidhar Jagdishan, managing director and CEO, said in an analyst call on Thursday.

AWS to expand data centre in Telangana, invest ₹60,000 cr

AMAZON WEB SERVICES (AWS) will invest ₹60,000 crore to expand its data centre infrastructure in Telangana, state government said.

Special fund for MFIs in the works

IN A MOVE aimed at stimulating the growth of microfinance and populating the sector with hundreds of more players, the government may unveil a special fund to give equity support to the sector in the Budget for FY26.

Mphasis posts modest Q3 revenue growth

MPHASIS REPORTED A sequential revenue growth of 0.8% to ₹3,561.3 crore and a net profit of ₹427.9 crore, up 1.1%, for the quarter ended December.

Govt seeks app store presence

Apple, Google requested to pre-install welfare scheme apps on mobiles