MUMBAI: Infrastructure tycoon Gautam Adani has stepped down from his executive position at his group’s most valuable company, Adani Ports and Special Economic Zone, no longer serving as a key managerial figure. He has transitioned to the role of non-executive chairman, with his older son Karan Adani (38) already managing the port operations. Following Tuesday’s…
MUMBAI: The appetite of Indians for credit-funded leisure is growing. Holidays have overtaken home renovations and medical needs as the leading reason for taking personal loans. A Paisabazaar report, based on a survey of over 5,700 respondents in 97 cities, finds that in the first half of 2025, 27% borrowers took a loan to fund…
NEW DELHI: Demand for Indian services remained robust, and activity in the sector reached an 11-month high in July, driven by strong global orders, including from the US. Business confidence also strengthened, as shown by a survey released on Tuesday. In July, the HSBC India Services PMI business activity index was at 60.5, slightly changed…
NEW DELHI: Telecom operator Bharti Airtel on Tuesday reported a 43% year-on-year increase in its consolidated profit to Rs 5,948 crore in the June quarter – its fifth straight quarter of profit growth – driven by new users and the lingering benefits of last year’s price hikes.The company’s Africa operations during the quarter posted a…
MUMBAI: Kotak Bank has advised customers to use its mobile banking app or net banking platforms to check account balances after reports of a Delhi-based individual seeing a 37-digit balance through a third-party UPI app emerged.In a statement, the bank said media reports suggesting an unusually large balance were incorrect. It urged customers to verify…
MUMBAI: The rupee fell to a new closing low of 87.8 against the dollar on Tuesday, down 14 paise from Monday’s 87.66, as escalating trade tensions with the US kept markets on edge. The currency slipped to 87.89 during the day, close to the record low of 87.95 hit in Feb, before likely RBI intervention…
NEW DELHI: : Around 580 National Highway (NH) projects with total cost of nearly Rs 3.9 lakh crore are delayed and another 200 projects worth Rs 1.6 lakh crore are yet to take off months after they were bid out.Delay in land acquisition, issues relating to contractors and pending statutory clearances have been identified as…
BENGALURU: Nearly seven in 10 CFOs exit within 24 months. The finance leadership role, once seen as stable, has become one of the most volatile positions in corporate India. More than 48% of CFO exits were triggered by mandate misalignment, where the scope of the role evolved after hiring or decision rights remained unclear, data…
NEW DELHI: Shares of major pharmaceutical and textile companies have seen a significant fall since US President Trump announced tariffs of 25% on Indian exports. Between July 30 and Aug 5, Gokaldas Exports, among the top textiles players, experienced the steepest fall of 15.9%. The company’s shares closed at Rs 1,632 on Tuesday, compared with…
Lucknow: In an effort to position Uttar Pradesh as an international agricultural hub, the International Potato Centre (CIP), Peru, is set to establish its South Asia Regional Centre (CSARC) in Agra. The institute is proposed to conduct world-class research on tuber crops such as potato and sweet potato.Chief Minister Yogi Adityanath on Tuesday met a…
