MUMBAI: State Bank of India’s Q2FY27 net profit rose 14.3% to Rs 23,038 crore, driven by a 14.7% increase in net interest income to Rs 49,143 crore and lower loan loss provisions. Net interest margin improved to 3.1% from just over 3% a year ago, while loan loss provisions fell 33% to Rs 2,759 crore…
MUMBAI: N Chandrasekaran, who became chair of Iveco following Tata Motors‘ biggest acquisition, said the combined ₹21 billion commercial vehicle group expects volumes, revenues and margins to grow over the next five years, as both companies explore opportunities to expand in each other’s markets, including manufacturing Iveco products in India.Speaking in Turin, Chandrasekaran said the…
NEW DELHI: Noise and Gaana have announced the launch of the Noise Buds R1 (Gaana Edition), a co-branded product that brings together audio technology and music streaming in one offering.Priced at Rs 1,399, the earbuds come with a one-year Gaana Plus subscription. The launch brings together two homegrown brands seeking to make music streaming more…
NEW DELHI: Government could abolish long-term capital gains (LTCG) tax across investor categories even keeping its fiscal consolidation road map largely unaffected, as the resulting revenue loss is likely to be limited to Rs 40,000-50,000 crore in FY28, a report said on Tuesday.The report from SBI Research estimated that eliminating LTCG tax would reduce govt…
The woman said her husband deposited the money as a gift intended for her and their two minor daughters. (Image for representative purpose only) Your husband deposits money in your account as a gift for you and your daughters but then passes away. Are you liable to pay tax on the deposit?In one such case…
India’s stock market has not hit a new closing high in over two years now. India’s long-term capital gains (LTCG) tax has now become a pressing pain for investors and the ongoing flight of foreign investors is being closely linked to the country’s somewhat unique regime of taxing stock market gains.India stands out internationally for…
Indian Railways says that the train combines engineering capabilities with domestic manufacturing expertise. (Bullet train image for representative purpose) India’s first indigenously developed high-speed bullet train, B28, has cleared an important stage of its safety evaluation and is undergoing the vehicle body shell assessment, commonly called the “squeeze test”.The assessment was carried out at BEML’s…
Jefferies said a potential reduction in LTCG tax could encourage foreign investors to return to the Indian market, which they have been steadily moving away from. Stock market rally today: BSE Sensex and Nifty50 continued their winning on Tuesday after the stock market hit a 7-week closing high in the previous session. Softer oil prices,…
The bank’s consolidated net profit rose 20 per cent to Rs 25,361 crore, while gross NPAs improved to 1.39 per cent of advances. NEW DELHI: State Bank of India (SBI) on Tuesday reported a 14 per cent year-on-year increase in standalone net profit to Rs 23,038 crore for the July-September quarter of FY27, compared with…
How to shop smart this Dhanteras Sone pe suhaga, chandi hi chandi — Indian shoppers might just be having it all this Dhanteras!With Diwali around the corner, gold and silver prices have brought an early surprise for consumers. After a dazzling rally that took both metals to record highs earlier this year, prices have cooled…
