Top executives at India’s private banks saw only modest increases in their FY25 pay packages, as the Reserve Bank of India maintained strict oversight on CEO compensation, with salaries, bonuses, and stock options requiring prior regulatory approval as part of a wider effort to ensure transparency and restraint, according to an ET report.Here is how…
NEW DELHI: Costa Coffee, the British coffee chain, reported a significant increase in its India operations, with revenue climbing 30.76% to Rs 198.5 crore in FY25, while profit increased by 28.4% to Rs 149.7 crore.The company expanded its presence from 179 to 220 outlets in FY25, contributing to this growth, as detailed in Devynai International…
BENGALURU: Wipro Consumer Care & Lighting (WCCL)’s revenue rose by 3.5% to Rs 10,600 crore in the 2024-25, with demand impacted by inflation and subdued consumer sentiment. “We are clearly seeing a slowdown in China – dramatic drops of 20% to 25%. We haven’t dropped as much but are facing flat or marginal declines there….
Just 21 out of the 42 manufacturers eligible under the telecom production-linked incentive (PLI) scheme have received incentives till March 31, 2025, with total disbursements reaching Rs 1,162 crore, according to data provided by the Department of Telecommunications (DoT).The telecom PLI scheme, which began on April 1, 2021, and is scheduled to end in the…
India’s external debt rose 10% to $736.3 billion at the end of March 2025 from $668.8 billion a year earlier, according to data released by the Reserve Bank of India (RBI) on Friday. The debt-to-GDP ratio also inched up to 19.1% from 18.5% in FY24.The increase includes a $5.3 billion valuation impact due to the…
Indian companies appear to be turning inward to fund their growth, reporting a slowdown in debt accumulation over the past five years, a new report by the Bank of Baroda said.The research, which analysed the debt levels of non-financial corporates, found that total borrowings rose from Rs 20.7 lakh crore in FY21 to Rs 22.6…
MUMBAI: RBI is reviewing its ‘liberalised remittance scheme’, which saw outflows of around $30 billion in FY25, as it looks to rationalise the facility and promote the rupee as an international currency.RBI is carrying out a comprehensive review of the legal framework, annual limits, permitted purposes, and payment modes under the scheme. A revised framework…
The Reserve Bank of India’s (RBI) balance sheet expanded by 8.20 per cent year-on-year, reaching Rs 76.25 lakh crore as of March 31, 2025, according to the central bank’s Annual Report for 2024-25 released on Thursday. The increase contributed to a significant dividend payout of Rs 2.69 lakh crore to the central government.The report noted…
CHENNAI: Stress in the sector has left microfinance institutions bleeding. Listed MFIs have either reported a loss or a substantial decrease in their profits in the March quarter. This comes on the back of multiple factors including deterioration in asset quality, rising credit costs, borrower overleveraging and rising borrower overlaps that impacted the performance of…
Reliance General Insurance, a subsidiary of Reliance Capital recently acquired by IndusInd International Holdings Ltd (IIHL), posted a 12.5% increase in net profit to Rs 315 crore for the financial year ended March 2025, as the company recovers from nearly three years under insolvency proceedings.The company’s Gross Direct Premium (GDP) rose 7.4% year-on-year to Rs…