Latest News, Updates & Breaking Headlines
NEW DELHI: Twelve Indian Super League (ISL) clubs have approached the All India Football Federation (AIFF) with urgent concerns about the domestic football crisis. The situation has become critical as the Marketing Rights Agreement between AIFF and Football Sports Development Limited expires on December 8.The affected clubs include FC Goa, Sporting Club Delhi, NorthEast United…
Alibaba reported a stronger September quarter on Tuesday, buoyed by the blockbuster launch of its redesigned Qwen AI app and a sharp pickup in cloud-computing revenue, even as net profit fell sharply.The Chinese tech major said revenue for the three months ended September 30 rose 5% year-on-year to 247.8 billion yuan ($35 billion), ahead of…
India’s fiscal space is tightening as recent tax cuts weigh on revenue growth, leaving the government with less room to support the economy through policy measures, Moody’s Ratings said on Tuesday, according to PTI. The global agency flagged that lower collections in the current financial year have added pressure on the fiscal consolidation path.Speaking at…
NEW DELHI: Govt is set to introduce major changes in the Model Concession Agreement (MCA) to de-risk private investments and safeguard lenders’ exposure in highway sector.The revised provisions, to be notified within a fortnight, include revenue support and extension of tolling periods in cases where actual traffic falls below projections, buyback of projects where traffic…
Microsoft CEO Satya Nadella has weighed in on the revenue projections from leading artificial intelligence (AI) labs, including OpenAI‘s prediction of reaching $100 billion in revenue by 2027 and Anthropic’s forecast of $70 billion in revenue by 2028. Nadella stated that such high projections are necessary for these independent labs to attract the capital needed…
With the elections over, Bihar’s finance department will have to pull out the spreadsheets to redo the fiscal arithmetic as the government will have to raise resources to not just meet the big promises made in the NDA manifesto, including more money to the 74 lakh farmers, SC students and others in the state, but…
BENGALURU: Hexaware’s revenue for the Sept quarter rose to $394.8 million, registering a 3.3% sequential and 5.5% year-on-year increase in dollar terms. In constant currency, revenue grew 3.4% quarter-on-quarter and 5.2% year-on-year. Net profit, however, declined 5.4% sequentially. CEO R Srikrishna said the company is witnessing steady momentum across sectors, with financial services, travel, and…
FSN E-Commerce, the parent company of fashion and beauty retailer Nykaa, on Friday reported a multifold rise in consolidated net profit to Rs 34.4 crore for the September quarter, up from Rs 10.04 crore in the same period last year.Revenue from operations rose 25.1% year-on-year to Rs 2,345.98 crore, compared to Rs 1,874.74 crore a…
Strong RBI dividend to help stabilise finances The recent rationalisation of Goods and Services Tax (GST) rates is likely to create a net revenue loss of around 0.1 per cent of GDP in the current financial year. However, this shortfall may be compensated by the higher dividend payout from the Reserve Bank of India (RBI),…
Paytm brand owner One 97 Communications reported its second consecutive quarterly profit, posting a Rs 211 crore profit after tax (PAT) in the September 2025 quarter, alongside a 24% year-on-year revenue rise to Rs 2,061 crore, PTI reported.The company said growth was led by its payments and financial services businesses, reflecting continued improvement in operating…
