O2C Division Hit Hard By Rising Costs, Supply Chain Disruptions MUMBAI: Reliance Industries, India’s most valuable company by market capitalisation, posted a 9% fall in quarterly profit on Friday, as surging crude prices driven by the West Asia conflict weighed on its core oil-to-chemicals (O2C) division.Consolidated net profit fell to Rs 20,589 crore in the…
BENGALURU: Three men travelling in a BMW and a Toyota Fortuner allegedly assaulted and briefly abducted a toll plaza employee at Kadathanamale gate near Rajanukunte, north Bengaluru, after refusing to pay the fee.The accused claimed they were associates of a local MLA and forced their way through the barrier early Friday. Rajanukunte police registered an…
An India flag (PTI Photo/Shailendra Bhojak) BENGALURU: India on Friday officially submitted its Expression of Interest (EOI) to the Olympic Council of Asia (OCA) to host the 2038 Asian Games, with Ahmedabad once again emerging as the front runner to host the event.The Indian Olympic Association delegation led by president PT Usha submitted the EOI…
RBI cancels Paytm Payments Bank licence; to approach High Court MUMBAI: RBI on Friday cancelled the banking licence of Paytm Payments Bank with immediate effect, prohibiting it from carrying out any banking business and setting in motion the process for winding up, even as the entity had already been reduced to a runoff institution after…
Mamata Banerjee slams PM over Ganga ride, cites polluted Yamuna KOLKATA: “Our Ganga is clean. That is why the PM could enjoy the boat ride. Can he do the same in (Delhi’s) Yamuna?” CM Mamata Banerjee said on Friday, referring to PM Narendra Modi‘s early morning boat ride on the Hooghly.Dubbing it a photo-op, the…
BENGALURU: Headcount is passé, outcomes are the new currency. India’s top five IT services firms witnessed net workforce contraction in FY26, reversing the modest hiring recovery a year earlier, as demand uncertainty, delayed decision-making and AI-led efficiency gains weighed on headcount.The traditional fresherheavy pyramid is being reshaped. A people-plus-AI model is upending its foundation, putting…
Apple CEO Tim Cook this week announced his decision to step down as Apple CEO and that John Ternus will be taking over. The announcement is a huge shift for Apple as Tim Cook has been CEO of Apple since taking over for Steve Jobs in 2011. During Cook’s tenure as CEO, Apple has grown…
PUNE: Union Finance Minister Nirmala Sitharaman on Friday said that banks should continue to have a human interface while serving the customers despite the massive continuing thrust on digitisation.“Digitisation should happen. It brings in greater inclusivity. But as this digitisation is happening we should ask ourselves whether we are getting distant from our customer base,”…
KOLKATA: The Election Commission on Friday ordered the immediate suspension of five police officers in Diamond Harbour Police District for alleged misconduct and failure to maintain neutrality in course of the Bengal assembly elections.The suspended officers are Sandip Garai, Additional SP, Sajal Mondal, SDPO, Mausam Chakraborty, IC, Diamond Harbour Police Station; Ajay Bag, IC of…
KL Rahul poised to overtake MS Dhoni KL Rahul is on the verge of a major milestone in IPL history as he needs just 13 runs in tonight’s clash against Punjab Kings to overtake MS Dhoni and become the sixth-highest run-scorer in the tournament’s history.Rahul heads into the contest with confidence, having recently played a…