Fintech firm One97 Communications, which owns the Paytm brand, on Wednesday said its loss in the fourth quarter of the financial year 2023-24 has widened to Rs 550 crore following the ban imposed by the RBI on transactions related to its payments bank. The company had posted a loss of Rs 167.5 crore in the same period a year ago, the company said in a regulatory filing. "Our fourth quarter FY24 results were impacted by temporary disruption on account of UPI transition etc. and permanent disruption because of the PPBL embargo.
Mixed views were expressed by top economists on the Reserve Bank of India's (RBI) Monetary Policy Committee's (MPC) decision to hold the repo rate at 5.5% and maintain a neutral stance. While some say the decision was as expected and one more rate reduction is expected this fiscal, there is also a view that rate cut by MPC was warranted given the evolving global situation.
The reconstructed Carnac Road overbridge in South Mumbai has been renamed as Sindoor Bridge, a name inspired by India's military action against Pakistan to avenge the Pahalgam terror attack.
The Singapore International Arbitration Centre (SIAC) has awarded Rs 23.7 crore in damages, besides arbitration and litigation costs, to Amazon in its long-running dispute with the Kishore Biyani-led Future Group. The three-member bench of the tribunal held that Future Group had breached the terms of its contract with Amazon by entering into a transaction with Reliance.
Life Insurance Corporation of India (LIC) reported encouraging results for the April-June quarter (Q1) of FY26. The net premium income of India's largest life insurer was Rs 1.2 trillion, up 5 per cent year-on-year (Y-o-Y), in Q1. Renewal premium grew 6 per cent Y-o-Y to Rs 59,900 crore, while first-year and single premium grew 1 per cent and 4 per cent Y-o-Y respectively to Rs 7,500 crore and Rs 51,900 crore.
FMCG major Hindustan Unilever Ltd (HUL) on Thursday reported a 5.97 per cent rise in its consolidated net profit to Rs 2,768 crore for the June quarter of FY26, helped by gains from a re-estimation of taxes paid in the previous year. The company had logged a net profit of Rs 2,612 crore in the April-June quarter a year ago, according to a regulatory filing from HUL, the maker of popular brands as Dove, Lifebuoy, Lux, Lakm, and Sunsilk.
The Axiom-4 mission marked the return to space for India, Poland and Hungary after over four decades.
Astronaut Shubhanshu Shukla will undergo a rehabilitation program after returning from an 18-day mission to the International Space Station (ISS) as part of the Axiom-4 mission. The mission involved various experiments and research activities.
'Given the proportion of the global leak, it is very likely that the data of Indian citizens might be on the dataset.'
Astronaut Shubhanshu Shukla and the Axiom-4 mission crew safely returned to Earth after an 18-day stay at the International Space Station, splashing down off the coast of San Diego.
The Axiom-4 has successfully undocked and is making its way back to Earth, as observed by Axiom Space and the National Aeronautics and Space Administration (NASA) on Monday.
Retained by Punjab Kings in the IPL 2025 mega auction for a price of INR 5.50 crore, Shashank kept the faith, hitting 284 runs in 13 matches with 2 half-tons so far (strike rate of 149.47).
India and England players will push their tired bodies on the line with everything to play for in the fifth and final Test starting at The Oval on Thursday
The reconstructed Carnac Road Over Bridge in Mumbai has been renamed 'Sindoor Bridge' as a tribute to the Indian military's 'Operation Sindoor'. The bridge, rebuilt after being declared unsafe, aims to ease traffic congestion in south Mumbai.
Astronaut Shubhanshu Shukla and the Axiom-4 mission crew successfully returned to Earth, splashing down off the coast of San Diego after an 18-day stay at the International Space Station.
Office space owners are looking at good times ahead as rentals are expected to rise due to demand for Grade A office spaces outpacing supply that has been sluggish due to construction delays, long gestation periods and developers' interests shifting to residential.
The Indian pharmaceutical industry is likely to benefit from a major wave of patent expiries in the US, as small-molecule drugs worth $63.7 billion are expected to go off-patent between 2025-29, a 65 per cent rise over the previous five years, according to a report by Antique stock broking limited.
Gajjar halwa made from this dark variety of carrots is slightly more earthy-tasting than standard GH.
After 18 days of experiments, Shubhanshu Shukla and the Axiom-4 crew are set to return to Earth, marking the end of their mission at the International Space Station.
Lionel Messi drew vast crowds and showed flashes of his brilliance when his Inter Miami side were held to a goalless draw by African giants Al-Ahly as the revamped Club World Cup got off to a festive start on Saturday.
On the podcast, Shastri named Gavaskar, Kapil Dev, Sachin Tendulkar, MS Dhoni, and Virat Kohli in his top five.
Developers based outside Mumbai are making a beeline for India's largest real estate market through redevelopment projects. These include Delhi-based DLF, Bengaluru-based Prestige Estates and Puravankara, Pune-based Kolte-Patil Developers and Vascon Engineers, and Hyderabad-based Ramky Estates.
Wholesale price inflation (WPI) declined to a 14-month low of 0.39 per cent in May on easing prices of food articles and fuel, and experts said geopolitical tensions could push up prices.
'This is just the beginning. You have to wait and watch to see things getting better.'
Astronaut Shubhanshu Shukla concludes his 18-day stay at the International Space Station, praising India's ambition, confidence, and pride as seen from space. He echoes Rakesh Sharma's iconic words and expresses gratitude to all involved in the Axiom-4 mission.
Indian astronaut Shubhanshu Shukla and three others were getting ready for their journey to the International Space Station on board SpaceX's Falcon-9 rocket that is scheduled to blast off from the Kennedy Space Centre (KSC) in Florida on Tuesday evening.
Ground Zero is a decent watch but word-of-mouth needs to be strong for the weekdays to stay stable as well.
As questions swirled around dropped catches, poor captaincy calls, and a one-dimensional bowling attack, former players didn't hold back.
Indian astronaut Shubhanshu Shukla and three others are set to embark on the Axiom Space's fourth human spaceflight from National Aeronautics and Space Administration's (NASA) Kennedy Space Centre in Florida on June 10 and are likely to dock at the International Space Station on June 11 at about 10 pm IST, after a nearly 28-hour journey.
Taking aim at senior players like Mitchell Starc, Josh Hazlewood, captain Pat Cummins and Nathan Lyon, among others, he said that if their aim was to prolong their send-offs till after the Ashes, it was a wrong mindset.
Indian astronaut Shubhanshu Shukla stands on the cusp of history as he prepares to set off on a space odyssey, marking India's return to space flight 41 years after his idol Rakesh Sharma orbited the earth for eight days as part of Soviet Union's Interkosmos programme.
Siraj's six-wicket haul helps India stay ahead on bizarre day three of the second Test against England at Edgbaston.
The meteorological centre in Shimla issued a 'red' alert on Sunday for very heavy downpour in 10 districts of Himachal Pradesh, while services on the Shimla-Kalka rail line were suspended for hours till the debris and trees fallen on the tracks following overnight rains were removed.
SpaceX's Falcon-9 rocket was scheduled to blast off from the Kennedy Space Centre in Florida on Tuesday evening.
The weakening of inflation, prospects of economic growth, geopolitical uncertainty and comfortable system liquidity may result in the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) to cut the repo rate by another 25 basis points, opine top economists. They also said the external economic pressures like trade policies and others would require continued RBI's accommodative stance and policy support for the Indian industry to sustain the growth.
An hour-long disruption could affect around 40 million UPI transactions.
Google is likely to rejig the roles of some of the engineering talent from its Hyderabad and Bengaluru offices and move some of its employees to more revenue-generating projects instead of letting them go for now, sources told Business Standard.
Hyundai aims to raise exports to 30% of output by FY30 as domestic sales slow; six EVs among 26 product launches planned as part of long-term growth strategy.
The Kerala High Court has stayed all proceedings in a lower court against Yoga guru Baba Ramdev, his associate Acharya Balakrishna and their company Divya Pharmacy in a "misleading" advertisement case. The court found merit in their claim that cognisance of the offence was taken after the period of limitation.
Six years after it came to light, all nine men arrested in the sensational Pollachi sexual assault and extortion case were convicted and sentenced to "life imprisonment till death" by a Mahila Court here on Tuesday.
