Business

[ad_1] NEW DELHI: The Institute of Chartered Accountants of India (ICAI) will review fraud-hit IndusInd Bank’s financial statements for 2023-24 and 2024-25. ICAI’s Financial Reporting Review Board (FRRB) will carry out the review. FRRB conducts the review of financial statements of companies to assess compliance with accounting standards, standards on auditing, among others. Starting with…

[ad_1] Higher loans, credit cards coming street vendors’ way NEW DELHI: With the contours of the revamped PM SVANidhi scheme having been finalised, street vendors will be getting higher subsidised loans, as well as credit cards with a limit of Rs 30,000, on account of banks coming on board. The credit cards will be issued…

[ad_1] NEW DELHI: Bajaj Auto on Thursday said its consolidated net profit declined 10 per cent year-on-year to Rs 1,802 crore in Q4 on account of lower sales in the domestic market. The Pune-based company reported a net profit of Rs 2,011 crore for the Jan-March period of 2023-24. Total revenue from operations rose to…

[ad_1] Chief Economic Advisor V Anantha Nageswaran on Thursday urged India Inc to scale up capital expenditure and align worker compensation with profitability growth to ensure the Indian economy sustains a growth trajectory of over 6.5 per cent and moves closer to its goal of becoming a developed nation by 2047.Speaking at a CII event,…

[ad_1] Donald Trump has sought to restructure America’s international trade relationships. (AI image) The Donald Trump administration has lashed out at a US trade court ruling striking down the President’s reciprocal tariffs. The White House has said that the US trade policy will continue and the government is reviewing other avenues as well.The Trump administration…

[ad_1] The Coca-Cola Company is optimistic about expanding its portfolio of billion-dollar brands, with India playing a key role in this growth trajectory, said Henrique Braun, Executive Vice President and Chief Operating Officer, on Thursday.Speaking during his visit to Mumbai, Braun highlighted the significance of India in the company’s global growth strategy. He noted that…

[ad_1] The US economy contracted at a 0.2% annual pace from January through March, marking the first quarterly decline in three years, as President Donald Trump’s trade policies disrupted business activity. The Commerce Department released the revised estimate Thursday, slightly improving on its initial figure.The drop in gross domestic product (GDP) — the broadest measure…

[ad_1] Ola Electric on Thursday reported a consolidated net loss of Rs 870 crore for the fourth quarter ended March 31, 2025, while reaffirming its target to achieve profitability in the ongoing fiscal.The company had posted a net loss of Rs 416 crore during the same quarter of the previous financial year, PTI reported.Revenue from…

[ad_1] The Reserve Bank of India’s (RBI) balance sheet expanded by 8.20 per cent year-on-year, reaching Rs 76.25 lakh crore as of March 31, 2025, according to the central bank’s Annual Report for 2024-25 released on Thursday. The increase contributed to a significant dividend payout of Rs 2.69 lakh crore to the central government.The report…

[ad_1] The Indian economy is expected to maintain a promising outlook in 2025-26, supported by several positive factors, according to the Reserve Bank of India’s (RBI) annual report for 2024-25, released on Friday.The report emphasized that economic growth momentum is likely to continue, driven by a revival in consumption demand, healthy balance sheets among banks…