MUMBAI: A month after raising over Rs 9,000 crore from TCS stake sale, Tata Sons has approached RBI seeking an exemption from a mandatory IPO. The holding company of the $150-billion salt-to-software Tata Group has informed RBI, in the fresh proposal, that it has reduced its debt significantly. Tata Sons needs to cut its debt…
NEW DELHI: A disruption in oil and gas shipments from West Asia looks improbable at this point of hostility between Israel and Iran, but it could lead to inflationary pressure as speculators play on risk premia to keep prices on the boil.Benchmark Brent had surged past $90 per barrel in the wake of Iran’s April…
Nikhil Kamath, India’s youngest billionaire and Zerodha co-founder, recently spoke to young entrepreneurs about his life philosophy. Despite dropping out of school, Kamath’s rise to success, with a net worth of $3.1 billion, is remarkable. According to ET, Kamath has stressed on the need to lighten up in life, drawing from his own school days…
Ola Cabs is planning an initial public offering (IPO) to raise $500 million at a company valuation of about $5 billion, three sources with direct knowledge of the matter told Reuters on Friday.SoftBank-backed Ola is India’s answer to Uber and plans to file papers for approval with the country’s market regulator within three months, said…
Fixed deposit interest rates: Several banks have updated their fixed deposit (FD) interest rates in April 2024, offering varying rates depending on the deposit plan. These revisions are part of the banks’ regular updates to their deposit interest rates. It’s important to understand that while existing deposits will maintain their agreed-upon interest rates, new deposits…
Wipro Q4 results: The net profit of IT services company Wipro decreased by 8% year-on-year, amounting to Rs 2,835 crore for the quarter ending in March 2024. The profit in the previous year’s quarter was Rs 3,074 crore. Wipro’s revenue surpassed market expectations despite a 4.2% decline, said a Reuters report. The company’s consolidated revenue…
Gold rate today: Gold prices on the Multi Commodity Exchange (MCX) experienced an uptick, climbing by Rs 102 or 0.14% to reach Rs 72,785 per 10 grams. Similarly, silver prices saw an increase, with MCX May silver contracts rising by Rs 112 or 0.13% to Rs 83,385 per kilogram. These price movements occurred on Friday…
Digitisation of land records: The government is prioritizing the digitization of land records as a key reform initiative for the upcoming administration. According to sources, the Centre may allocate a budget of Rs 1,035 crore to support the proposed plan, which aims to complete the digitization process for all land records by 2026. This initiative…
Finance Minister Nirmala Sitharaman has hit out at the Opposition and Congress, comparing it with Mahabharata’s Shalya. According to Sitharaman, Congress keeps questioning India and Indians’ capabilities, believing that it cannot match China.In an interview with ET, Sitharaman said that the story of Shalya from the Mahabharata serves as an apt example to illustrate the…
The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide…
