BENGALURU: Walmart-owned e-commerce firm Flipkart on Thursday said its group chief financial officer Sriram Venkataraman is quitting the firm as the company prepares for its next phase of growth and a potential public listing.Venkataraman will remain with the company for a period to ensure continuity and a smooth handover, Flipkart said. During this transition, Ravi […]
FPI outflow nears record at ‘93.7k cr | India News
MUMBAI: Net selling by foreign funds in the stock market is on track to break the all-time monthly record as rupee this month has been weakening to record lows at regular intervals and rising crude oil prices are threatening India’s macro fundamentals as the war in West Asia is continuing without any sign of de-escalation.So […]
Premium petrol up Rs 2 per litre amid global oil spike
NEW DELHI: Feeling the pinch of a surge in global crude prices, oil marketing companies on Friday increased the retail price of 95-octane premium petrol by nearly Rs 2 a litre and jacked up the rates of industrial diesel by Rs 22 a litre.At the same time, IndianOil, the country’s largest fuel retailer vowed to […]
India diversifies LPG supplies, imports 176k tonnes from US
NEW DELHI: India’s weekly LPG imports fell to 265,000 tonnes in the week to March 19, from 322,000 tonnes on March 5. West Asia inflows declined to just 89,000 tonnes in the week to March 19, the lowest share since Jan 2026, according to S&P Commodities At Sea (CAS).The report, however, added that alternative regional […]
HDFC Bank shares down 7.5% in just two days after Atanu Chakraborty’s resignation; what’s the outlook?
HDFC stock price today: Shares of HDFC Bank, the country’s largest private sector lender, dropped a further 2 per cent to hit an intraday low of Rs 781 on the BSE on Friday. The drop followed a similar 2 per cent fall in its American Depositary Receipts (ADRs) listed on the New York Stock Exchange, […]
$44 billion acquisition: US jury finds Elon Musk ‘misled’ Twitter shareholders in 2022
A federal jury in San Francisco has found Elon Musk liable for defrauding Twitter (now X) investors in 2022 by disparaging the company in an effort to secure a lower purchase price for the platform, Bloomberg News reported on Friday.Jurors concluded that Musk intentionally misled shareholders by claiming the social media company—later renamed X—had an […]
New income tax rules notified from April 1; simplified law retains HRA relief and tightens disclosure norms
The Central Board of Direct Taxes (CBDT) on Friday notified the Income-tax Rules, 2026 to operationalise the simplified direct tax legislation passed by Parliament last year, with the new framework set to come into effect from April 1. “These rules may be called the Income-tax Rules, 2026. They shall come into force on the April […]
Petrol Price Hike: Premium petrol prices hiked by up to Rs 2.35 per litre amid Middle East tensions
State run oil marketing companies on Friday increased the price of their premium-grade power petrol by over Rs 2 per litre, while keeping the prices of regular petrol and diesel unchanged.The revised rates apply to high-performance fuel variants, including BPCL’s Speed, HPCL’s Power and IOCL’s XP95, with prices increasing in the range of Rs 2.09 […]
Govt clears Rs 20,000 crore credit guarantee scheme for MFIs; funding access in focus
The government has approved a limited-period Rs 20,000-crore credit guarantee scheme aimed at easing fund flow constraints faced by microfinance institutions (MFIs), according to a PTI report.The Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0) will cover loans disbursed by member lending institutions (MLIs), including banks and other lenders, to non-banking finance company-MFIs and MFIs till […]
Core sector output slows to 2.3% in February; crude, gas and refinery drag weighs on momentum
Growth in India’s eight core infrastructure industries eased to 2.3 per cent in February, down from 3.4 per cent in the same month last year, reflecting weakness in energy-linked segments even as output expanded in several manufacturing-oriented sectors.According to official data, production of crude oil, natural gas and petroleum refinery products declined during the month, […]