OPEC+ plans to further accelerate oil output hikes and could unwind its 2.2 million barrels per day of voluntary cuts by the end of October if members do not improve compliance with their production quotas, four sources from the group
SBI Dividend: India’s largest public sector bank, the State Bank of India, on Saturday, May 3, 2025, announced a dividend issue for its financial year ended 2024-25, according to an exchange filing. The institutional lender declared a ₹15.90 per equity
Swiggy on Friday said its 10-minute food delivery service ‘Bolt’, which was launched in October last year, is now operational in more than 500 cities across the country. Photograph: Francis Mascarenhas/Reuters Presently, at least one in every 10 food delivery
Bharti Airtel and Tata Group have terminated discussions for a merger of their direct-to-home (DTH) business, according to a Bombay Stock Exchange (BSE) filing on Saturday. Photograph: PTI Photo from the Rediff Archives In the BSE filing, Airtel said this
Domestic institutional investors (DIIs), mostly mutual funds and insurance companies, overtook foreign portfolio investors (FPIs) in ownership of NSE-listed companies in the March quarter of 2025. Illustration: Uttam Ghosh/Rediff According to Prime Database, DIIs held a 17.62 per cent stake,
French drug major Sanofi Consumer Healthcare India Ltd on Friday (May 2) reported a 20.3% year-on-year (YoY) decline in net profit at ₹50 crore for the first quarter that ended March 31, 2025. In the corresponding quarter of the previous
Chartered accountants’ apex body ICAI will be preparing a research paper to help markets watchdog Sebi in dealing with financial frauds. Illustration: Dominic Xavier/Rediff ICAI president Charanjot Singh Nanda on Saturday said the institute will set up a working group
Warren Buffett-run, Omaha-based investment giant, Berkshire Hathaway’s cash pile hit a record high of $347.7 billion as of the end of the January to March quarter of the calendar year 2025 amid the ongoing tariff uncertainties over international trade, reported
They are not just underreporting income; they are reshaping what the income tax system perceives. There have long been heated debates about the progressive nature of personal income tax (PIT) and the regressive traits of India’s indirect tax system,
The high value Rs 2000 notes worth Rs 6,266 crore are still in circulation after two years of the Reserve Bank withdrawing the currency, according to official data. Photograph: PTI Photo from the Rediff Archives The Rs 2000 banknotes continue
