Business

NEW DELHI: India’s shopping basket is evolving as new categories enter more households, reshaping consumption patterns. One-third of consumers across the country now shop for hair creme, making it the fastest-growing category in the FMCG basket, with penetration rising from 21% to over 31% over two years, according to the latest data from market research…

NEW DELHI: Reliance Industries informed the BSE on Tuesday that there was no linkage between the fall in its share price and the news report on Russian oil imports, and that it had not purchased any crude from Russia for delivery in January.Bloomberg had earlier reported that at least three tankers carrying nearly 2.2 million…

MUMBAI: RBI has issued draft rules to tighten dividend payouts by banks by linking distributions to capital adequacy, asset and profit quality, setting a uniform prudential framework effective from FY27. In the previous financial year, banks paid over Rs 75,000 crore dividend after booking record profits.Under RBI’s draft rules, dividend payments by banks will be…

MUMBAI: ET NOW and ET NOW Swadesh are set to roll out Budget Bharat Yatra 2026, an initiative that seeks to create grassroots-driven budget expectation series, emphasising how the Union Budget can unlock opportunities for businesses, youth, MSMEs, and the next generation of entrepreneurs.Budget Yatra 2026 will be a month-long, multi-city series designed to go…

CCI has invoked section 48 of the law, which extends liability to senior executives in charge of company operations. Under this provision, individuals can be held personally accountable and face penalties of up to 10% of their average income over the last three financial years if the violations are proven.Last week, TOI had sent questionnaires…

NEW DELHI: Finance minister Nirmala Sitharaman, who is due to present a record ninth consecutive budget, is working with a team of officials which is a mix of experience and fresh faces.It is likely that for the first time in recent years, she will not have a finance secretary, a first among equals, leaving it…

BENGALURU: Indian IT firms are expected to deliver a moderate performance in a seasonally weak Dec quarter, weighed down by furloughs (lesser number of working days in Dec). Demand remained subdued, with only limited recovery in discretionary spending, and growth was largely driven by clients’ cost-optimisation priorities. Brokerages estimate that enterprise technology spending is likely…

Hatsun Agro Product has reported an unusual corporate governance lapse after draft, unaudited financial details for the December 2025 quarter were mistakenly shared on a senior executive’s personal WhatsApp status.In a regulatory filing, the dairy products maker said one of its key managerial personnel accidentally uploaded a “first-cut draft” of the company’s unaudited financial statements…

Adani Enterprises Limited’s (AEL) Rs 1,000 crore public issue of non-convertible debentures (NCDs) was fully subscribed within just 45 minutes of opening on Tuesday.The base issue size of Rs 500 crore was fully subscribed in about 10 minutes, while overall subscription crossed Rs 1,000 crore, including the green shoe option, in under an hour. According…

File photo: Commerce and industry minister Piyush Goyal with European Union commissioner for trade and economic security Maros Sefcovic NEW DELHI: India and the European Union (EU) will hold ministerial-level discussions on January 8-9 in Brussels to bridge differences in the proposed free trade agreement and push for an early conclusion of negotiations, an official…