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ONGC’s profit more than doubled in the April-June quarter. Higher crude oil prices and improved realisations significantly boosted earnings. Total income rose substantially compared to the previous year. Oil and gas production remained broadly stable with marginal declines. Strategic projects are expected to improve future production levels.
Bharti Airtel reported a significant profit increase of 37.3% in the first quarter. This growth was fueled by higher mobile tariffs and strong customer additions across businesses. Revenue also saw a substantial rise of 18.4% during the same period. The company’s average revenue per user increased to Rs 264 from Rs 250 a year ago….
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On Tuesday, US Treasury yields saw a decline following a sharp drop in oil prices. As optimism regarding a resolution to the Iran conflict grew, inflation worries lessened. Consequently, traders adjusted their predictions for a Federal Reserve interest rate increase in September, leading to significant reductions in two-year and ten-year Treasury yields. The Treasury Department…
The government introduced initiatives to deepen India’s corporate bond market, including total return swaps (TRS) and incentives for municipalities to raise funds. But experts suggest TRS may primarily benefit foreign investors and is unlikely to create sticky, long-term demand for corporate bonds.
The Union Budget for 2026-27 has proposed a single tax framework for global capability centres, ending years of ambiguity over how their IT services work is taxed.
The Union Budget for FY27 has slashed funding for the PM Internship Scheme following poor response, with an allocation of ₹4,788 crore, compared to over ₹10,000 crore budgeted for in FY26.