New Delhi: With a focus on creating jobs in the private sector, the World Bank on Friday announced a new country framework for India with an annual support of $8-10 billion over the next five years, using its full range of instruments and mobilising private sector capital at scale.The new framework was unveiled after FM…
CJ Roy, founder and chairman of real estate firm Confident Group, was found dead at his office in Bengaluru following ongoing Income Tax raids, officials said on Friday.Bengaluru City police commissioner Seemanth Kumar Singh said Roy died from self-inflicted bullet injuries.“An incident occurred today within the limits of Ashok Nagar police station, where the chairman…
NEW DELHI: FMCG major Nestle India on Friday reported a 45.12 per cent rise in consolidated net profit to Rs 998.42 crore for the third quarter ended December 2025, on the back of a nearly five-year high volume growth, driving its highest-ever quarterly revenue.The company had posted a consolidated net profit of Rs 688.01 crore…
In recent FTAs, including with the EU, India has given up its reluctance to lower tariffs for automobiles, wine and, even for some fruits such as apples and pears. Since you are negotiating several deals, and will come across what have traditionally been no-go areas, what will be your strategy for calibrated opening up?This is…
MUMBAI: Bank of Baroda on Friday reported a net profit of Rs 5,055 crore for the quarter ended December 2025, up 4.5% from Rs 4,837 crore a year earlier, helped by a sharp fall in provisions even as margins stayed under pressure.Net interest income (NII) was largely flat at Rs 11,800 crore, compared with Rs…
NEW DELHI: Union finance minister Nirmala Sitharaman will interact with around 30 college students from across the country after presenting the Union Budget 2026–27 on Sunday, the ministry said.Sitharaman is set to present her record ninth Budget, including two interim budgets, on February 1. As part of the initiative, the students will witness the live…
NEW DELHI: HDFC Capital Advisors Ltd on Wednesday announced a strategic partnership with Curated Living Solutions (CLS) to set up a Rs 1,000 crore platform focused on rental housing in India.HDFC Capital, the real estate private equity arm of the HDFC Group, said the platform will develop, own and operate institutional-grade rental housing assets to…
(Photo credit: Instagram and Agencies) Kevin Warsh is President Donald Trump’s pick to be the next chairman of the US Federal Reserve. He is expected to succeed the current Fed chief Jerome Powell in May this year. Powell has been at the receiving end of Trump’s wrath for several months, with repeated verbal attacks for…
MUMBAI: The CEO of Niva Bupa Health Insurance said it is the cross-subsidisation of loss-making corporate group policies by retail health insurance, rather than high acquisition costs, that is weighing on retail insurance penetration.Krishnan Ramachandran, MD & CEO, Niva Bupa said insurers need to step up investments to expand retail health insurance and increase its…
Budget 2026 income tax expectations (AI image) By Surabhi MarwahThe Union Budget 2026 comes at an important moment, as taxpayers prepare for a major shift—the introduction of the Income-tax Act, 2025 (ITA 2025), effective April 1, 2026. This is one of the most significant updates in decades, and many individuals are hoping that the Budget…
