NEW DELHI: India’s third largest telecom operator Vodafone Idea (VI) is finally profitable. On Saturday, it reported a net profit of Rs 51,986 crore in March quarter — probably a record for any company — against a loss of Rs 7,168 crore in the corresponding period of 2025.This was thanks to a one-time accounting gain…
NEW DELHI: Days after more than doubling the customs duty, govt on Saturday moved in to restrict the import of certain types of silver as part of its strategy to reduce surging shipments of bullion.In a notification, the directorate general of foreign trade moved silver bars containing 99% or more of the metal as well…
BlackRock has held discussions to invest between $5 billion and $10 billion in SpaceX’s planned initial public offering next month, Reuters reported citing news outlet The Information on Saturday.Bloomberg News reported on Friday that a majority of SpaceX shareholders have approved a 5-for-1 stock split recommended by the company’s board. According to the report, shareholders…
India is preparing a fresh manufacturing push centred on identifying nearly 100 products that are either not produced domestically or are inadequately manufactured despite existing capability, signalling a sharper industrial policy focus amid shifting global supply chains, geopolitical tensions and the country’s ambition to emerge as a global manufacturing hub.The initiative, outlined by Department for…
New Delhi: India’s third largest telecom operator Vodafone Idea is finally seeing green shoots. On Saturday, It posted a net profit of Rs 51,970 crore in Q4 FY 26, thanks to a one-time accounting gain from govt’s adjusted gross revenue (AGR) relief — versus a loss of Rs 7,166 crore in same quarter previous fiscal….
The Delhi government on Saturday announced its decision to reduce the Value Added Tax (VAT) on Aviation Turbine Fuel (ATF).According to the the chief minister’s office Value Added Tax (VAT) on Aviation Turbine Fuel (ATF) from 25 per cent to 7 per cent, according to the chief minister’s office, as quoted by ANI, claiming it…
The government has imposed restrictions on silver imports, according to an official order issued on Saturday, as authorities continue efforts to regulate bullion inflows and reduce pressure on the country’s external sector.In a notification, the Directorate General of Foreign Trade said the import policy for silver, including silver alloys with gold and platinum, has been…
Tesla has increased prices of its Model Y variants in the United States, according to updates on the company’s website, Reuters reported.The electric vehicle maker raised the price of the Model Y Premium All-Wheel Drive and Model Y Premium Rear-Wheel Drive variants by $1,000 each to $49,990 and $45,990, respectively.Tesla also increased the price of…
Four major e-commerce platforms– Amazon, Flipkart, Meesho and JioMart– have removed listings of the allegedly unregistered “Cyclosinone Herbicide” following notices issued by the Central Consumer Protection Authority (CCPA), which has now ordered a detailed investigation into the matter.In a statement issued on Saturday, the regulator said the platforms informed it that listings of the product…
Photo credit: Harvard Alumni TOI correspondent from Washington: Nirmal Narvekar, the Indian-American financier who spent nearly a decade reshaping the investment machinery behind Harvard University’s colossal $57 billion endowment, is preparing to retire, closing one of the most consequential – and controversial – chapters in modern university finance.Known on Wall Street and in Ivy League…
