The company has appointed Sumit Rochlani as its new CFO with effect from February 3, it said in a stock exchange filing. Rochlani had previously served as Awfis’s head of finance for two years, before moving to the aerospace firm…
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The Centre is considering widening the four-year Esop tax deferral to cover all DPIIT-recognised startups, significantly expanding a benefit that currently applies to around 4,000 firms approved by an inter-ministerial board. Extending the deferral would ease cash flow pressure on…
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Global crude oil prices are expected to soften significantly in 2026, with Brent crude likely to decline to around USD 50 per barrel by June 2026, according to a report by State Bank of India.
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Small Finance Banks (SFBs) emerged as the largest job creators in the Indian banking sector, with net hiring reaching a five-year high of 26,736 in FY25. This surge is driven by SFBs’ aggressive growth ambitions and plans to expand their…
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The Reserve Bank of India rejected all bids for its 8.30%, 2040 paper in its latest open market operation, while accepting the full ₹50,000 crore for other securities. Banks likely bid above market price for the rejected paper, seeking to…
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Torrent Pharmaceuticals has received board approval to raise a significant Rs 12,500 crore. This capital will be generated through the issuance of securities on a private placement basis. The company plans to issue secured, rated, listed, redeemable non-convertible debentures. This…
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