US stocks extended their gains on Monday, adding to all-time highs as Wall Street moved closer to wrapping up a second straight monthly advance. Early gains were driven by easing trade tensions and a flurry of corporate activity, while investors awaited key economic data later this week.The S&P 500 rose 0.2% in early trading, after […]
The company’s revenue for the quarter stood at ₹1,183 crore, up from ₹402 crore in the same period last year. Real estate major Embassy Developments Ltd reported a consolidated net profit of ₹123 crore for the fourth quarter of FY25, marking a two-fold year-on-year (y-o-y) improvement from the loss of ₹90 crore in Q4FY24. The […]
Bengaluru | Mumbai, India Embassy Developments Limited (‘EDL’) today announced financial statements and an investor update as a consolidated company (post successful completion of the merger) for the fourth quarter and the full year ended March 31, 2025. Key Highlights: Flagship development entity for […]
Finance Minister Nirmala Sitharaman on Tuesday called for swift approval in compliance with the regulatory framework for ‘harmless’ proposals from the point of view of competition. She also urged for a balance between growth and regulatory vigilance. Addressing the 16th Annual Day celebrations of the Competition Commission of India here, she highlighted that in today’s […]
Singapore Airlines reported a record annual net profit on Thursday, boosted by a one-off gain from the merger of Air India and Vistara, but lower air fares in response to increased competition weighed on operating profit. The airline group recognised a one-off gain of about S$1.1 billion ($847.20 million) after completing the merger of its […]
Bengaluru: Corporate hospital chain, Aster DM Healthcare has acquired 5 per cent equity stakes of Quality Care India Ltd (QCIL) from BCP and Centella through a share swap. The transaction was completed by acquiring 1,90,46,028 equity shares of QCIL from Blackstone Capital Partners (BCP) and Centella Mauritius Holdings Limited-backed by TPG for a value of […]
“>Bibhuti Bhusan Nayak, President, ICMAI Bibhuti Bhusan Nayak, the President of the Institute of Cost Accountants of India (ICMAI), has expressed the institute’s readiness to support the merger of the three premier professional bodies—ICAI (Chartered Accountants), ICSI (Company Secretaries), and ICMAI (Cost Accountants)—if the government decides to pursue such a move. Speaking exclusively with ETCFO, […]
Seven & i Holdings Ltd announced that its convenience store brand 7-Eleven is planning to explore potential store sell-offs with Canadian firm Alimentation Couche-Tard (ACT). This decision follows a series of measures introduced by Seven & i just days ago to counter a takeover bid from ACT, while also addressing antitrust concerns ahead of a […]
Singapore Airlines (SIA) Group on Thursday, reported a rise of over 146 per cent in its net profit during the third quarter of FY25, predominantly due to non-cash accounting gains resulting from Vistara’s merger with Air India. Accordingly, Singapore Airlines Group’s net profit rose $967 million to $1,626 million, on the back of a $1,098 […]
The Institute of Chartered Accountants of India (ICAI) has recently unveiled its much-anticipated ICAI (Merger and Demerger of CA Firms) Guidelines, 2024, approved by the ICAI Council on January 23, 2025. These new guidelines are set to overhaul the process for Chartered Accountant (CA) firms wishing to merge, demerge, or scale up their operations. Recently, […]
