BENGALURU: Ola Electric Mobility reported revenue of Rs 504 crore for the Dec quarter, down 57% year-on-year from Rs 1,172 crore and 33% from Rs 756 crore in the Sept quarter. The company reported a loss of Rs 487 crore, narrower than the Rs 564 crore loss a year earlier but wider than the Rs […]
RBI: 500 crore net worth must for M&A financing eligibility
MUMBAI: Reserve Bank of India has set a minimum net worth of Rs 500 crore for a company to be eligible for acquisition financing with even unlisted companies qualifying for such funding. Through its Amendment Directions, 2026, effective April 1, the central bank expands the credit activities commercial banks may undertake, with acquisition finance at […]
Adani to enter nuclear power via atomic energy arm
MUMBAI: After the Tata and JSW Groups, the Adani Group is firming up plans to enter the nuclear energy sector. This week, the Ahmedabad-based infrastructure conglomerate incorporated a new company, Adani Atomic Energy, for the purpose. The company, a wholly owned subsidiary of Adani Power, will “generate, transmit and distribute electricity derived from nuclear and […]
Sebi proposes price bands for gold and silver ETFs
MUMBAI: The unprecedented volatility in the prices of gold and silver in recent weeks has prompted markets regulator Sebi to have a closer look at the price bands and circuit filters for exchange traded funds (ETFs).On Friday, Sebi proposed to put +/-20% price bands on ETFs on two precious metals, gold and silver. Part of […]
Passenger vehicle dispatches up 13% on GST reforms, price cut
NEW DELHI: Domestic passenger vehicle (PV) dispatches from companies to dealers rose 13% year-on-year to 4,49,616 units in Jan, with demand remaining robust, owing to GST rate rationalisation and subsequent dip in prices, industry body Society of Indian Automobile Manufacturers (Siam) said on Friday.The sales growth last month was aided by utility vehicles. The segment […]
India set to drive global growth, emerge as new engine of world economy: PM Modi
Prime minister Narendra Modi on Friday said India now accounts for about 16% of global economic growth and is positioned to become a key driver of world expansion in the coming years.Speaking at the ET Now Global Business Summit, Modi said the current decade has marked a phase of unprecedented development for India despite multiple […]
Without Rera data, real estate reform risks losing credibility: Homebuyers’ body
New Delhi: More than 75% of state real estate regulators, Reras, have either never published annual reports, discontinued their publication or not updated them despite statutory obligation and directions from the housing and urban affairs ministry, claimed homebuyers’ body FPCE on Friday. It released status report of 21 Reras as of Feb 13.The availability of […]
PFC, REC say moving ahead with planned merger, combined entity to benefit from strong balance sheet
NEW DELHI: State-owned power sector financiers Power Finance Corporation (PFC) and REC Ltd on Thursday informed stock exchanges that they are moving ahead with a proposed merger following the 2026-27 Budget announcement, aiming to create a single large govt-controlled financing institution for the electricity sector.In separate but identical regulatory filings, both companies said the combined […]
Infosys pays average 85% performance bonus for Q3; payout to be credited with February salary
Software major Infosys on Friday announced an average organisation-wise performance bonus payout of 85% for the quarter ended December (Q3FY2025-26), with a large section of employees receiving higher variable pay, ET reported.Employees will receive the bonus along with their February salary, the company said in an email to staff.The higher payout follows a quarter marked […]
US stocks today: Wall Street steadies after softer inflation data; AI disruption fears keep markets cautious
US stock markets traded largely steady on Friday after a softer-than-expected inflation update helped calm investor nerves, even as concerns about artificial intelligence-driven disruption continued to weigh on sentiment.The S&P 500 was nearly unchanged in early trade, a day after recording one of its worst losses since Thanksgiving. The Dow Jones Industrial Average fell 109 […]