Representative image (Picture credit: Reuters) The FIFA World Cup may be the biggest sporting spectacle on the planet, but for employers it could also become one of the biggest workplace disruptions of the year.A survey by workforce management firm UKG had estimated that the 2026 FIFA World Cup could result in at least $17 billion…
India’s power sector is expected to stay charged through FY27 as surging electricity demand, record peak power consumption and continued capacity additions fuel growth, a report by 360 ONE Capital said.The brokerage said that electricity consumption is expected to remain resilient as industrial and commercial activity gathers pace, creating favourable conditions for power utilities. Companies…
MUMBAI: IDBI Bank reported a 5% year-on-year rise in net profit to Rs 2,115 crore for the quarter ended June 30, 2026, from Rs 2,007 crore a year earlier, supported by higher net interest income despite a decline in fee and treasury income.Net interest income (NII) rose 10% to Rs 3,486 crore from Rs 3,166…
The first step in capital gains taxation is to identify the asset sold and determine whether the resulting gains are taxable. (Image source: Magnific) Many individual taxpayers view filing an Income Tax Return (ITR) as a straightforward task—declaring salary income, updating investment details and paying any balance tax. However, capital gains can turn an otherwise…
MUMBAI: Punjab National Bank reported a standalone net profit of Rs 5,253 crore for the quarter ended June 30, 2026, up 213.6% from Rs 1,675 crore a year earlier, aided by a sharp decline in tax outgo despite lower non-interest income. The bank reported a consolidated net profit of Rs 5,921 crore, up 228.4% from…
India’s banknotes may soon get a plastic makeover.The country is moving ahead with its plans to explore polymer banknotes as the Reserve Bank of India‘s currency printing subsidiary has invited global and domestic manufacturers to bid for the specialised material needed to print such notes. Initially, the notes are likely to be in the lower…
MUMBAI: Reliance Industries, India’s most valuable company by market capitalisation, reported a 25% fall in quarterly profit to Rs 23,196 crore on Friday, beating analysts’ average estimate of Rs 18,550 crore. The decline was mainly due to a one-off gain of Rs 8,924 crore from a stake sale in Asian Paints in the year-earlier quarter.Revenue…
NEW DELHI: India’s smartphone shipments (sales) declined 10% year-on-year in the June quarter, the sharpest quarterly decline in three years since the January-March period of 2023. The impact was most severe in the mass-market segment, where sales of smartphones priced below Rs 15,000 plunged 45% from a year earlier. The sharp slowdown hurt Chinese smartphone…
MUMBAI: RBI governor Sanjay Malhotra has hinted that the central bank may not react to the current bout of inflation and spurt in credit growth. Malhotra struck a notably composed tone, describing price pressures as contained even if “currently a bit elevated”, and attributed the uptick largely to supply-side disturbances.“Inflation is also under control although…
CHENNAI: Market regulator Sebi on Friday said it has extensively deployed artifcial intelligence capabilities, with these tools generating a growing number of actionable alerts. These alerts have helped uncover patterns indicating recent instances of front-running in the portfolio management services (PMS) industry.“Recently, we have noticed our AI generating enough alerts, and over a period of…
