MUMBAI: The rupee weakened to a record closing low of 96.53 against the dollar on Tuesday, marking its sixth consecutive session of decline, as sustained high crude oil prices and adverse global cues weighed on the currency. The local unit closed 18 paise lower compared to 96.35 in the previous session, after touching an intraday…
NEW DELHI: State-owned Bharat Petroleum Corporation (BPCL) reported a flat net profit in Q4FY26 after taking an impairment loss of Rs 4,349 crore on its upstream assets. It’s net profit in Q4 was Rs 3,191.5 crore compared with Rs 3,214.1 crore in the year-ago period. For FY26, its net profit soared 75% YoY to Rs…
Gold prices fell by more than 1% on a firmer US dollar and as persistent inflation fears kept interest rate hike expectations and US treasury yields high. Spot gold was down 1.4% at $4,504 per ounce. Prices fell to their lowest level since March 30 earlier in the session. US gold futures for June delivery…
NEW DELHI: India’s automotive industry is facing mounting pressure from rising commodity prices and global trade uncertainty, even as long-term demand and the shift towards electric mobility continue to support growth prospects, Assocham president Nirmal Minda said.He told TOI that raw material costs across plastics, aluminium and tungsten had increased sharply, putting pressure on manufacturers…
NEW DELHI: PepsiCo will ramp up investments in India with a Rs 5,700-crore expansion by 2030 as the snacks and beverages maker bets bigger on one of its fastest-growing markets after a strong performance last year. The company reported a second consecutive year of double- digit growth, with a revenue of Rs 9,798 crore, up…
NEW DELHI: Corporate insolvency resolutions dropped to a 13-quarter low of 36 cases being resolved by the National Company Law Tribunal (NCLT) during Jan-March 2026, compared with 70 a year ago, with just eight plans approved in Feb and seven in March. This was the worst March quarter for the resolution process since Jan-March 2022…
The Insolvency and Bankruptcy Board of India (IBBI) has introduced fresh guidelines for empanelment of insolvency professionals to streamline and speed up appointments in corporate insolvency and bankruptcy proceedings, PTI reported.The revised framework lays down procedures for preparing a panel of insolvency professionals (IPs) who can serve as Interim Resolution Professionals (IRPs), Resolution Professionals (RPs),…
More than 8,800 Corporate Insolvency Resolution Processes (CIRPs) had been admitted under the Insolvency and Bankruptcy Code (IBC) till December 2025, with creditors realising over Rs 4.11 lakh crore through approved resolution plans, Financial Services Secretary M Nagaraju said on Tuesday, PTI reported.More than 4,000 corporate debtors have also been rescued through resolution, settlements, withdrawals…
The rupee extended its losing streak for an eighth consecutive session on Tuesday, tumbling 50 paise to close at a record low of 96.70 against the US dollar amid elevated crude oil prices, persistent foreign fund outflows and a stronger dollar driven by global risk aversion, PTI reported.The rupee, which has emerged as Asia’s worst-performing…
The Reserve Bank of India (RBI) on Tuesday proposed a revised disclosure framework under Basel III norms that would require banks to publish more detailed information on capital adequacy, leverage, liquidity and risk exposure, in a move aimed at strengthening transparency and market discipline, PTI reported.Under the proposed framework, banks would be required to make…
