Business

[ad_1] NEW DELHI: In a sudden move, govt has removed Krishnamurthy Subramanian, its nominee on the IMF board, six months before his tenure was to end.The decision comes days before a crucial meeting of the IMF board to decide on a fresh $1.3bn climate resilience loan to Pakistan. Govt has upped the ante at multilateral…

[ad_1] NEW DELHI: Govt has told industry that current discussions for the proposed trade deal with the US are focusing on products or tariffs lines, and has sensitised it about the possible rules of origin that will determine if an item qualifies for duty concessions or not.During a meeting on Friday, businesses were also asked…

[ad_1] MUMBAI: State Bank of India reported a net profit of Rs 18,643 crore for Jan-March quarter, down 9.9% from Rs. 20,698 crore a year ago, mainly due to a one-time provision for increased pension liabilities. The bank had implemented a uniform 50% hike in pensions and adjusted payouts for inflation through dearness relief neutralisation….

[ad_1] MUMBAI: Kotak Mahindra Bankreported a 14% year-on-year decline in standalone net profit to Rs 3,552 crore for the quarter ended March 2025, as rising provisions and narrowing margins weighed on earnings. For the full year, standalone profit after tax rose 6% to Rs 13,720 crore, excluding a Rs 2,730 crore gain from the sale…

[ad_1] Smartphones and tablets will be the first two electronic consumer items to be brought under the ‘Repairability Index‘ regime.The ‘repairability index’ is a label that manufacturers put on electrical and electronic equipment to inform consumers about the repairability of the entire product or its components.The index rates products on six core parameters – disassembly…

[ad_1] “I think the time has arrived where Greg should become the Chief Executive office of the company at year end,” Buffett said. Warren Buffett made a surprising announcement to his shareholders on Saturday, declaring his intention to step down from his position by year’s end. In his statement, Buffett indicated he would suggest to…

[ad_1] KV Subramanian (File photo) In an unexpected move, the government has cut short KV Subramanian’s appointment as the executive director at the International Monetary Fund (IMF), ahead of his scheduled completion. The Appointments Committee of the Cabinet has decided to end his role effective April 30, 2025.No official explanation for this early termination has…

[ad_1] Warren Buffett on Saturday announced his plans to retire by the end of the year recommending Greg Abel as his successor to lead Berkshire Hathaway.“I think the time has arrived where Greg should become the Chief Executive office of the company at year end,” Buffett said.He announced his retirement at the close of a…

[ad_1] Markets regulator Sebi has imposed a total penalty of Rs 58.5 crore on four senior officials of Seya Industries Ltd, including promoter and Chairperson Ashok Rajani and his son, Amrit Rajani, for allegedly siphoning off funds and falsifying financial statements over multiple years, news agency PTI reported.In its final 122-page order issued Friday, Sebi…

[ad_1] Tata Consultancy Services (TCS) has announced a strategic partnership with Kuwait-based Jazeera Airways to spearhead an AI-led digital transformation initiative aimed at elevating customer experience and improving operational efficiency.As part of the collaboration, TCS will revamp Jazeera Airways’ digital platforms, including its website and mobile apps, and roll out an advanced AI-powered chatbot designed…