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NEW DELHI: Finance minister Nirmala Sitharaman on Thursday said rapid technology advancement can help increase productivity in economy, which is a key focus for policymakers.“Across the board, one significant question that has remained relevant has been on productivity not catching up with our ambition to grow faster. We invest money, we do a lot of…

BENGALURU: Ola Electric’s revenue dropped by 60 per cent to Rs 649 crore in the March quarter from Rs 1,641 crore in the year-ago period. Its net loss increased to Rs 870 crore in the quarter, compared to Rs 417 crore in the same period of the previous year. Deliveries fell sharply to 51,375 units…

NEW DELHI: The Institute of Chartered Accountants of India (ICAI) will review fraud-hit IndusInd Bank’s financial statements for 2023-24 and 2024-25. ICAI’s Financial Reporting Review Board (FRRB) will carry out the review. FRRB conducts the review of financial statements of companies to assess compliance with accounting standards, standards on auditing, among others. Starting with a…

Higher loans, credit cards coming street vendors’ way NEW DELHI: With the contours of the revamped PM SVANidhi scheme having been finalised, street vendors will be getting higher subsidised loans, as well as credit cards with a limit of Rs 30,000, on account of banks coming on board. The credit cards will be issued by…

NEW DELHI: Bajaj Auto on Thursday said its consolidated net profit declined 10 per cent year-on-year to Rs 1,802 crore in Q4 on account of lower sales in the domestic market. The Pune-based company reported a net profit of Rs 2,011 crore for the Jan-March period of 2023-24. Total revenue from operations rose to Rs…

Chief Economic Advisor V Anantha Nageswaran on Thursday urged India Inc to scale up capital expenditure and align worker compensation with profitability growth to ensure the Indian economy sustains a growth trajectory of over 6.5 per cent and moves closer to its goal of becoming a developed nation by 2047.Speaking at a CII event, Nageswaran…

Donald Trump has sought to restructure America’s international trade relationships. (AI image) The Donald Trump administration has lashed out at a US trade court ruling striking down the President’s reciprocal tariffs. The White House has said that the US trade policy will continue and the government is reviewing other avenues as well.The Trump administration sharply…

The Reserve Bank of India (RBI) has expressed growing confidence in achieving its medium-term inflation target of 4.0 per cent, as headline inflation dipped below the target level in February and March 2025, according to its latest Annual Report released on Thursday.“With inflation falling below the target in February and March 2025, supported by a…

Indian steel producers must remain cautious as Chinese steel exports continue to stay elevated, despite no current surge in import bookings, JSW Steel’s Joint Managing Director and CEO Jayant Acharya said on Wednesday.Speaking during an investor call, Acharya said the domestic industry needs to keep a close watch on import dynamics, especially from countries with…

The US economy contracted at a 0.2% annual pace from January through March, marking the first quarterly decline in three years, as President Donald Trump’s trade policies disrupted business activity. The Commerce Department released the revised estimate Thursday, slightly improving on its initial figure.The drop in gross domestic product (GDP) — the broadest measure of…