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NH builders seek predefined input rates for projects under active bids
Road builders are asking the government to set fixed rates for bitumen and fuel. This is for highway projects currently up for bidding. They warn that current price differences could lead to unfair bidding and delay projects. The industry believes this will ensure transparent and fair competition. It aims to protect the financial health of these crucial infrastructure developments.
HC quashes ₹23,600 cr retrospective spectrum dues on Airtel, Voda Idea
The Bombay High Court has cancelled spectrum charges of approximately 23,600 crore rupees for Bharti Airtel and Vodafone Idea. The court ruled the government could not retrospectively impose these charges for the period between 2008 and 2012. This decision removes significant financial uncertainty for the telecom sector. It creates a more supportive environment for future investments in India's telecommunications industry.
Smartworks leases 400 seats to Japanese NBFC subsidiary in Mumbai
Managed office provider Smartworks Coworking Spaces has secured a significant deal in Mumbai. A Japanese non-banking financial company's Indian arm has leased over 400 seats for five years. This agreement is expected to bring in approximately Rs 35 crore in rental revenue. The transaction highlights the ongoing demand for flexible office solutions from financial services firms.
Chola Securities' Dharmesh Kant sees BFSI earnings revival; likes IndusInd Bank, Axis Bank
Despite recent market volatility, Dharmesh Kant, Head Research at Chola Securities, believes investors should focus on bottom-up stock picking. He expects the banking and financial sector to emerge as a key earnings driver as stable interest rates support margins and treasury income. Among his preferred ideas are Aurionpro Solutions, Tata Technologies, IndusInd Bank, Axis Bank, Bank of India and Aadhar Housing Finance. He also remains positive on the long-term growth prospects of exchanges, AMCs and other capital market plays. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Middle East conflict fuels airline bankruptcy risks, more mergers likely: IATA
Soaring jet fuel prices due to Middle East conflict are pushing budget airlines towards bankruptcy and industry consolidation, according to the head of the global airline body. Slow aircraft and engine deliveries are exacerbating these financial strains. Despite challenges, the low-cost model remains viable outside the U.S., and the industry is committed to its net-zero by 2050 target.
RBI may begin rate hike cycle in Oct; 50 bps increase in FY27: Elara
Elara Capital said that it is building in the first-rate hike in October 2026 and see a total of 50 bps hike this financial year.
Rajesh Exports share price falls below ₹100, hits 5% lower circuit for 2nd straight session; here's why
SEBI alleges Rajesh Exports misrepresented revenue over five years, raising concerns about financial statements accuracy. Share price locked in lower circuit despite company's clarification. No fine or penalty imposed by SEBI, company confident of resolving issues.
Central Bank of India targets over Rs 3,500 crore bad-loan recovery in FY27
Central Bank of India plans significant recovery from bad loans exceeding Rs 3,500 crore in FY27. The bank will also introduce wealth management and credit card services in the latter half of the current fiscal year. Development of cash management services for corporate clients is also underway. These initiatives aim to boost the bank's financial performance and non-interest income.
Earnings slowdown in FY27? JM Financial lists 5 sectors which must do the heavy lifting
Nifty 50 earnings growth fell short of expectations in FY25 and FY26. While Q4 FY26 results led to an upward revision for FY27E Nifty 50 EPS growth, past downgrades suggest caution. Automobiles, metals, NBFC, telecom, and infrastructure are poised for strong growth. Private banks form the backbone of these expectations.
Central Bank of India appoints Vivek Kumar as CFO
Central Bank of India has appointed Vivek Kumar, General Manager (Finance & Accounts), as the chief financial officer (CFO) of the bank for a period of three years with effect from 3 June 2026.
Uttar Pradesh RERA cautions against panic buying of homes, says sufficient inventory available for sale
Uttar Pradesh real estate regulator RERA reveals over 1.15 lakh housing and commercial units are available for sale across the state. Buyers have ample options for their needs and budgets. Developers and brokers claiming a supply crunch or imminent price rise are cautioned. Prospective buyers should verify project details on the RERA portal before making decisions. Property investment is a long-term financial commitment.
Maharashtra Ladki Bahin Yojana Won't Shut, Clarifies CM Fadnavis — Check Who Will Get Financial Assistance
Fadnavis said the government used income tax, transport and ration card databases to verify eligibility.