MUMBAI: Private equity (PE) investor Advent has bought a minority stake in Gujarat’s Iscon Balaji Foods (IBF) in a $150 million deal, the companies said in a joint statement on Tuesday, without sharing specifics of the transaction. The investment is part of a broader $215 million fundraise by IBF which has also been backed by…
RR beat LSG by 7 wickets (IPL Photo) With six games remaining in the league stage, LSG and MI are already out of contention for the playoffs while RCB, GT and SRH have qualified. RR are best placed among the others followed by PBKS. KKR, DC and CSK are still in the mix but have…
NEW DELHI: State-owned Bharat Petroleum Corporation (BPCL) reported a flat net profit in Q4FY26 after taking an impairment loss of Rs 4,349 crore on its upstream assets. It’s net profit in Q4 was Rs 3,191.5 crore compared with Rs 3,214.1 crore in the year-ago period. For FY26, its net profit soared 75% YoY to Rs…
India great Virat Kohli has opened up on the mental and physical toll of captaining the national side, saying he was “completely spent” by the time he stepped down from leadership roles between 2021 and 2022.Kohli, who remains India’s most successful Test captain with 40 wins in 68 matches, led the side to major overseas…
Rajasthan Royals batter Vaibhav Sooryavanshi said he does not plan his celebrations and prefers trying something new every match after his 93-run knock helped RR beat Lucknow Super Giants by seven wickets in the IPL on Tuesday.Sooryavanshi smashed 93 off 38 balls as Rajasthan Royals chased down 221 in 19.1 overs to keep their playoff…
Gold prices fell by more than 1% on a firmer US dollar and as persistent inflation fears kept interest rate hike expectations and US treasury yields high. Spot gold was down 1.4% at $4,504 per ounce. Prices fell to their lowest level since March 30 earlier in the session. US gold futures for June delivery…
MUMBAI: Six states raised a total of Rs 20,100 crore in the latest state development loan auction conducted by RBI on Tuesday, with weighted average yields ranging between 7.6% and 7.9% across tenures of 6 to 30 years. The results are in line with the rise in yields on central govt bonds where 10-year bond…
MUMBAI: The rupee weakened to a record closing low of 96.53 against the dollar on Tuesday, marking its sixth consecutive session of decline, as sustained high crude oil prices and adverse global cues weighed on the currency. The local unit closed 18 paise lower compared to 96.35 in the previous session, after touching an intraday…
BENGALURU: TCS’ appraisal letters have triggered employee reactions, with some alleging reductions in CTC and downgrades in their performance bands. Discussions have also intensified around a drop in take-home salaries following changes linked to the implementation of new labour codes. The debate concerns the exclusion of gratuity from cost-to-company (CTC) under TCS’s revised compensation structure….
NEW DELHI: India’s automotive industry is facing mounting pressure from rising commodity prices and global trade uncertainty, even as long-term demand and the shift towards electric mobility continue to support growth prospects, Assocham president Nirmal Minda said.He told TOI that raw material costs across plastics, aluminium and tungsten had increased sharply, putting pressure on manufacturers…
