BUSINESS

Cost-revenue gap of discoms drop 68% as government links funding to performance

Cost-revenue gap of discoms drop 68% as government links funding to performance

NEW DELHI: The gap between the cost of power and revenue realisation of distribution companies (discoms) narrowed 68% in 2021-22…
Vodafone CEO Nick Read to step down after four years

Vodafone CEO Nick Read to step down after four years

LONDON: Nick Read will step down as head of Vodafone by the end of the year and be replaced on…
Canteen fees: Conflicting GST rulings puzzle companies

Canteen fees: Conflicting GST rulings puzzle companies

MUMBAI: The Uttarakhand bench of the GST Authority for Advance Rulings (GSTAAR) has held that the nominal sum recovered from…
ESIC to invest surplus funds in stock market through ETFs

ESIC to invest surplus funds in stock market through ETFs

NEW DELHI: Government’s social security body Employees’ State Insurance Corporation (ESIC) on Sunday approved a proposal to invest its surplus…
FMCG makers keeping close watch on softening commodity prices; may extend some benefits

FMCG makers keeping close watch on softening commodity prices; may extend some benefits

NEW DELHI: Leading FMCG companies say they are keeping a close watch on prices of major commodities, which have fallen…
RBI’s rate decision, state poll results major factors to drive equity market: Analysts

RBI’s rate decision, state poll results major factors to drive equity market: Analysts

NEW DELHI: RBI‘s interest rate decision is a major factor that will drive the trends in the equity market this…
RBI raps banks for giving up UPI space to fintechs

RBI raps banks for giving up UPI space to fintechs

MUMBAI: Reserve Bank of India (RBI) deputy governor T Rabi Sankar pulled up banks for ceding the Unified Payment Interface…
OYO to downsize 3,700-employee base, cut 600 jobs

OYO to downsize 3,700-employee base, cut 600 jobs

NEW DELHI: IPO-bound travel tech firm OYO on Saturday announced it will downsize about 10 per cent of its 3,700-employee…
RBI’s digital rupee a ‘game changer’, says SBI chairman

RBI’s digital rupee a ‘game changer’, says SBI chairman

NEW DELHI: The Reserve Bank of India‘s pilot project on retail digital Rupee is a “game changer”, said SBI chairman…
EU reaches deal for $60 per barrel price cap on Russian oil

EU reaches deal for $60 per barrel price cap on Russian oil

BRUSSELS: The European Union reached a deal Friday for a $60-per-barrel price cap on Russian oil, a key step as…
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