NEW DELHI: NHAI has pre-paid loans of Rs 56,000 crore during the current fiscal year and is looking to further reduce its debt burden by March. Around Rs 40,000 crore has come from budgetary allocation as the overall capex is lower this year due to award of fewer contracts and approval of lesser new projects,…
MUMBAI: FMCG giant Hindustan Unilever is closing in on talks to acquire D2C beauty brand Minimalist in a deal that could value the startup at about Rs 3,000 crore, sources aware of the discussions told TOI. “The talks are ongoing but they are at an advanced stage and should close soon,” a source said. The…
NEW DELHI: After the release of the Association for Democratic Reforms (ADR) report on the wealthiest politicians, Andhra Pradesh chief minister N Chandrababu Naidu’s family firm Heritage Foods Ltd issued a clarification, stating that approximately 82% of CM’s wealth worth Rs 931 crore is on account of his kin’s shareholding in a dairy product retailing…
NEW DELHI: The Reserve Bank of India (RBI) announced on Wednesday that 98.12 percent of the Rs 2,000 banknotes withdrawn from circulation have been returned to the banking system.The apex bank revealed that as of December 31, 2024, only Rs 6,691 crore worth of Rs 2,000 notes remain with the public, marking a sharp decline…
India’s gross Goods and Services Tax (GST) collections for December 2024 rose to Rs 1.77 lakh crore against Rs 1.65 lakh crore collected in December 2023. This collection reflects a year-on-year increase of 7.3 per cent, as per the data released by the government on Wednesday.The December collections included Rs 32,836 crore from central GST…
MUMBAI: The National Bank for Financing Infrastructure and Development (NaBFID) has invested Rs 745 crore in long-term bonds issued by NDR InvIT, the company said on Tuesday. NDR InvIT is an Infrastructure Investment Trust managed by NDR InvIT Managers and sponsored by NDR Warehousing Private Limited. These 15-year bonds, rated AAA/Stable by India Ratings (FITCH)…
NEW DELHI: India reported a massive decline in Foreign Portfolio Investment (FPI) inflows during 2024, registering a 99 per cent decline compared to the preceding year, according to the National Securities Depository Limited (NSDL).The NSDL data indicated that net FPI inflows reduced from Rs 1.71 lakh crore in 2023 to Rs 2,026 crores in 2024….
MHOW: Defence minister Rajnath Singh said on Monday that India’s defence exports have crossed a record Rs 21,000 crore from Rs 2,000 crore a decade ago. Addressing officers at the Army War College (AWC) in more than two-centuries-old Mhow Cantonment, Singh said a target has been set to achieve defence exports of Rs 50,000 crore…
NEW DELHI: Market valuation of six of the top-10 most valued companies increased Rs 86,847.88 crore in last week, with HDFC Bank and Reliance Industries leading the gains amidst positive market sentiment. The BSE Sensex increased by 657.48 points or 0.84 per cent during this period, while the Nifty advanced by 225.9 points or 0.95…
BENGALURU: Karnataka police have arrested an Axis Bank relationship manager in Rajkot and three others in an interstate cybercrime and financial fraud after the four allegedly embezzled over Rs 12 crore from Bengaluru-based Dreamplug Paytech Solutions Pvt Ltd, the operator of Cred, a rewards-based credit card payment platform.The accused include relationship manager Vaibhav Pithadiya (29),…