[ad_1] 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…
[ad_1] 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…
[ad_1] 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…
[ad_1] MUMBAI: Leading rating agencies have revised downward India’s GDP growth estimates for the next few quarters and up to 2027, thanks to the impact of the war in West Asia on the economy. After global ratings major Moody’s and domestic major Crisil’s revisions last week, on Tuesday ICRA, the local arm of Moody’s, and…
[ad_1] NEW DELHI: PepsiCo will ramp up investments in India with a Rs 5,700-crore expansion by 2030 as the snacks and beverages maker bets bigger on one of its fastest-growing markets after a strong performance last year. The company reported a second consecutive year of double- digit growth, with a revenue of Rs 9,798 crore,…
[ad_1] MUMBAI: RBI’s new disclosure norms will put unlisted banks at par with listed peers, standardise reporting formats and units, and make global comparisons of Indian lenders much easier by mandating uniform, template-driven disclosures.The new norms prescribe globally aligned reporting architecture that mirrors Basel standards, addressing the third of the three pillars of the globally…
[ad_1] NEW DELHI: Corporate insolvency resolutions dropped to a 13-quarter low of 36 cases being resolved by the National Company Law Tribunal (NCLT) during Jan-March 2026, compared with 70 a year ago, with just eight plans approved in Feb and seven in March. This was the worst March quarter for the resolution process since Jan-March…
[ad_1] Rajasthan Royals’ Vaibhav Sooryavanshi (AP Photo) NEW DELHI: Vaibhav Sooryavanshi once again stole the spotlight as the 15-year-old produced a stunning 93 off just 38 balls to guide Rajasthan Royals to a comfortable seven-wicket win over Lucknow Super Giants in a crucial IPL 2026 clash in Jaipur. The victory kept Rajasthan firmly alive in…
[ad_1] For nearly a century, thousands of strange holes carved into a barren Peruvian hillside puzzled archaeologists, historians, and even conspiracy theorists. Stretching across the dry slopes of the Pisco Valley in southern Peru, the massive formation contains more than 5,000 carefully arranged pits that can only truly be appreciated from the air. Some believed…
[ad_1] The Insolvency and Bankruptcy Board of India (IBBI) has introduced fresh guidelines for empanelment of insolvency professionals to streamline and speed up appointments in corporate insolvency and bankruptcy proceedings, PTI reported.The revised framework lays down procedures for preparing a panel of insolvency professionals (IPs) who can serve as Interim Resolution Professionals (IRPs), Resolution Professionals…
