[ad_1] MUMBAI: A sharp increase in provisions pulled down quarterly profit at Federal Bank, India’s sixth-largest private lender, even as asset quality and core earnings improved. Net profit declined 14.6% to Rs 861.8 crore in the quarter ended June 30, 2025, from Rs 1,009.5 crore a year earlier.The fall in profit was driven by a…
[ad_1] The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report by ratings agency ICRA. The agency attributed the likely deceleration to mixed sowing patterns across major crops, even as it maintained a broadly robust…
[ad_1] Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this marked the first month of net outflows after three straight months of positive inflows between April and June.The reversal in trend was driven by…
[ad_1] Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public offering (IPO).The IPO will be entirely an offer for sale (OFS) of up to 10.54 crore equity shares by existing promoters and shareholders. ARCIL…
[ad_1] NEW DELHI: On a day when US notified additional levies for countries, with 25% imposed on Indian exports, govt hardened its position asserting that farm and dairy products, genetically modified food, beef and animal feed with meat are no-go areas.Without being confrontational, govt sources made it clear that cultural sensitivities and farmers’ interest will…
[ad_1] Hyderabad: Fast food giant McDonald’s has rustled up plans to invest $100 million (about Rs 875 crore) in its new global office in Hyderabad over the next couple of years and hire around 2,000 techies by 2027, a top executive said on Friday. “The investment this year and next (2026) will be around $100…
[ad_1] Elon Musk-led Tesla to pay $243 mn in Florida crash case A federal jury in Miami has ruled that Tesla must pay over $200 million in damages after finding its Autopilot driver-assist technology was partly responsible for a fatal 2019 crash that killed 22-year-old Naibel Benavides Leon and severely injured Dillon Angulo in Florida.The…
[ad_1] Volvo Cars India has revised its earlier strategy of transitioning to an all-electric portfolio, opting instead to continue selling both electric and internal combustion engine (ICE) vehicles in the country. Electric vehicles currently account for around 25% of Volvo’s sales in India. However, the market for premium battery electric vehicles (BEVs) remains small, although…
[ad_1] New Delhi: Goods and services tax (GST) collections rose 7.5% to Rs 1,95,735 crore in July, showing signs of a pick-up from the previous month, although the growth was slower than a year ago.According to the latest official numbers, collections from domestic sources in July, based on transactions in June, were 6.7% higher at…
[ad_1] New Delhi: Goods and services tax (GST) collections rose 7.5% to Rs 1,95,735 crore in July, showing signs of a pick-up from the previous month, although the growth was slower than a year ago.According to the latest official numbers, collections from domestic sources in July, based on transactions in June, were 6.7% higher at…