In an earnings call, managing director and CEO Vinay Tonse said the bank was examining the judgment and its options MUMBAI: Yes Bank has told investors that Supreme Court’s order to restore Rs 8,415 crore of additional tier-1 (AT1) bonds written off during its March 2020 restructuring would not constrain growth, citing deferred tax assets…
Two-and three-wheeler imports have shot up to $107 million during April-Aug, compared with $2 million a year ago NEW DELHI: Every cheer for electric vehicle sales in the country also means that import of batteries from China goes up too given the complete dominance India’s neighbour enjoys in the global trade of this product.Not surprisingly,…
Bagchi said he would consult regulators, customers, shareholders and other stakeholders before setting organisational priorities MUMBAI: Anup Bagchi, who is set to take over as HDFC Bank’s managing director and CEO, said he would soon draw up a strategic roadmap covering growth, margins, asset quality and productivity, as outgoing chief Sashidhar Jagdishan said the bank’s…
Crude prices ease below $110 per barrel Oil prices fell on Monday as US President Donald Trump’s decision to waive sanctions and tariffs on Russia raised the prospect of additional fuel supplies entering the market. However, continuing security threats in the Middle East and uncertainty over US-Iran negotiations kept the outlook for crude volatile.Brent crude…
‘Hospitals may still find ways to hike charges of other items and packages,’ warns a civil society group NEW DELHI: Govt’s move to cap trade margins at 30% of MRP on 137 cancer drugs, covering over 1,000 medicine brands, puts the focus on actual patient savings, with effective implementation and monitoring needed to ensure it…
Columbia University professor and 16th Finance Commission chairman Arvind Panagariya, who was in India for the Kautilya Conclave, spoke to TOI, arguing that a weaker rupee will not just make exports competitive but will also keep the prices of finished imported goods higher. In an interview, he suggested tariff cuts, doing away with quality control…
Russia’s Arctic oil shipments exceeded 2025’s full-season total of 13 million barrels, with another 5-10 million barrels expected by the end of the current navigation period Russia has shipped nearly 20 million barrels of oil to Asia through the Northern Sea Route (NSR) since the start of the navigation season in July, almost 50 per…
File photo: Bottles of Absolut vodka, produced by Pernod Ricard, are displayed at a wine shop (Picture credit: Reuters) Indian tax authorities are investigating whether liquor makers Pernod Ricard and Diageo wrongly classified bulk Scotch whisky imports to claim lower tariffs under the India-UK trade agreement, Reuters reported, citing five industry sources familiar with the…
India puts coal import plan on hold, prioritises domestic production and transport (representative image) India has shelved a proposal to make power plants import coal to replenish dwindling stockpiles, as elevated international prices and a weaker rupee have increased the cost of overseas shipments, Bloomberg reported on Monday, citing people familiar with the discussions.The government…
The Bombay High Court examined whether accepting delayed performance could deprive homebuyers of their right to interest under Section 18 of RERA. (Image for representative purpose only) What happens if the possession of your dream home is delayed? You buy an apartment, sign an agreement, make the necessary payments, but the builder repeatedly fails to…