New Delhi, May 25 (IANS) The government has shortlisted Coal India Ltd (CIL), Life Insurance Corporation (LIC), the Indian Overseas Bank (IOB), and the Indian Railway Finance Corporation (IRFC) among the public sector enterprises for the sale of shares in the stock market through a phased offer in the first two quarters of FY27, according to a report.The offers for sale will be calibrated with stable market conditions as the government wants to avoid any volatility before it proceeds to offload …
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New Delhi, May 25 (IANS) Economist and former NITI Aayog Vice-Chairman Arvind Panagariya has said there is no need to panic if the rupee touches the Rs 100-per-dollar mark, asserting that the Indian currency could recover over time once global uncertainty eases.Speaking to NDTV Profit, Panagariya said the Reserve Bank of India (RBI) should allow the exchange rate to adjust naturally instead of excessively intervening in the currency market to defend a psychological level.“Don’t panic at Rs 1…
New Delhi, May 22 (IANS) The Securities and Exchange Board of India (SEBI) has reportedly introduced a ‘one‑day‑a‑week work‑from‑home option’ for its junior employees a fortnight after Prime Minister Narendra Modi’s appeal for remote work to conserve energy.The market regulator is also considering postponing internal events to cut non‑essential travel and hotel costs as part of its effort to tackle the inflationary fallout of the US-Iran war, a report from NDTV Profit said citing s…
Mumbai, May 21 (IANS) The Reserve Bank of India (RBI) is likely to transfer a record surplus dividend to the government for FY26, with the payout estimated between Rs 2.7 lakh crore and Rs 3.5 lakh crore, a report has said.NDTV Profit reported that the RBI board is scheduled to meet on Friday to consider the surplus transfer.If approved at the upper end of estimates, this would mark the highest-ever dividend payout by the central bank to the government.Last year, the RBI had transferred a record…
Mumbai, May 18 (IANS) Securities and Exchange Board of India chairman Tuhin Kanta Pandey has described artificial intelligence-driven cybersecurity threats as one of the most significant risks facing India’s financial markets, calling for aggressive measures to strengthen the protection of software systems used across the market ecosystem.Speaking during an interaction with NDTV Profit, the chairman said concerns around AI tools are currently centred more on cybersecurity vulnerabilities than …
New Delhi, May 13 (IANS) No proposal is currently being considered to mandate work-from-home arrangements for the IT sector, after Prime Minister Narendra Modi’s appeal for reduced fuel usage to tackle the fuel price surge, government sources clarified, as per reports. The IT industry has largely adopted hybrid work models since the pandemic, and hence, no formal directive is being considered, an NDTV Profit report cited the sources as saying.Further, policy decisions related to mandatory remote…
New Delhi, May 9 (IANS) The Central Board of Direct Taxes is stepping up efforts to recover Rs 2.57 lakh crore in confirmed tax demands in the current fiscal year, a report has said.Under the enforcement drive, special teams will track the top 10,000 high‑value arrear cases nationwide in FY27, the tax department officials told NDTV Profit.Tax recovery and compliance monitoring will see a technology-driven push from artificial intelligence, data analytics and digital forensics, they said.The CB…
New Delhi, April 23 (IANS) Indian oil marketing companies (OMCs) have begun relying on their commercial crude inventories as supply chains tighten following the closure of the Strait of Hormuz amid escalating geopolitical tensions in West Asia, according to a report on Thursday.The disruption linked to the ongoing US-Israel conflict involving Iran has constrained supplies from the Gulf region, while sharply increasing freight charges, insurance premiums and transit durations, NDTV Profit reporte…
New Delhi, April 21 (IANS) The government is preparing to roll out an expanded version of the India Semiconductor Mission ‘ISM 2.0’ likely by May, with a proposed outlay ranging between Rs 1 lakh crore and Rs 1.2 lakh crore.According to the NDTV Profit report, inter-ministerial consultations are currently underway, while the Ministry of Electronics and Information Technology (MeitY) is awaiting final approval from the Finance Ministry.The proposed allocation is significantly higher than the Rs 7…
New Delhi, April 18 (IANS) HDFC Bank on Saturday said the process for re-appointing its Managing Director and CEO Sashidhar Jagdishan will be taken up ‘in due course’, with the bank’s nomination and remuneration committee (NRC) currently seized of the matter.Responding to a query by NDTV Profit, Deputy Managing Director Kaizad Bharucha said the committee will take a final call on Jagdishan’s reappointment at an appropriate time.Jagdishan’s current tenure is set to end in October 2026.M…