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TVS Motor Company Ltd on Wednesday reported a 17.5 per cent rise in consolidated net profit to Rs 819.55 crore in the fourth quarter ended March 31, 2026, driven by robust vehicle sales. The company had posted a consolidated net profit of Rs 697.51 crore in the corresponding quarter of the preceding fiscal, TVS Motor Company said in a regulatory filing. Consolidated revenue from operations in the fourth quarter stood at Rs 15,052.73 crore as against Rs 11,542 crore in the year-ago period, it added. During the quarter, overall two-wheeler and three-wheeler sales, including international business, grew by 28 per cent to 15.60 lakh units as against 12.16 Lakh units in the year-ago period, the company said. Motorcycle sales in the fourth quarter grew by 23 per cent to 6.93 lakh units as against 5.64 lakh units in the same period of the preceding financial year, while scooter sales for the quarter ended March 2026 grew by 32 per cent to 6.60 lakh units from 5.02 Lakh units in ...
The Reserve Bank of India (RBI) is expected to pay the highest-ever dividend to the government, providing the Centre with a fiscal cushion to address challenges arising from the ongoing Middle East crisis, sources said. Last year the RBI made a record dividend payout of Rs 2.69 lakh crore to the central government for 2024-25, 27 per cent higher than Rs 2.11 lakh crore transferred in the previous year. RBI is likely to decide about dividend quantum in its board meeting expected to be held during this month, sources said. The transferable surplus for any financial year is arrived at on the basis of the revised Economic Capital Framework (ECF) as approved by the Central Board of the RBI. The revised framework stipulates that the risk provisioning under the Contingent Risk Buffer (CRB) be maintained within a range of 7.50 to 4.50 per cent of the RBI's balance sheet. As per the Budget documents, the Centre expects Rs 3.16 lakh crore in dividends and surpluses from the Reserve Bank of
Retirement fund body EPFO will soon automate the process for settling final provident fund withdrawal claims, fast-tracking the money transfer to the applicant's bank accounts, a top official said on Wednesday. The Employees' Provident Fund Organisation (EPFO) has more than seven crore members. At present, partial or advance withdrawal claims of up to Rs 5 lakh are settled through auto mode, and the deadline for the auto-settlement mode is three days from filing the claim. Speaking at the ASSOCHAM's National Seminar on New Labour Codes, Central Provident Fund Commissioner, EPFO, Ramesh Krishnamurthi, said, "We are also going to initiate, as far as feasible, auto-settlement for now...which was (available) only for advances. Now we are going in for auto-settlement of final withdrawals." He further added that the EPFO is going in for auto-settlement and auto-transfer of provident fund accounts in case a member shifts employers. "You don't have to file a form anymore. We try to ...
The CBI arrested five persons and conducted searches at multiple locations across the country in the NEET UG paper leak case as protests over the cancellation of the examination intensified on Wednesday and the chorus for Education Minister Dharmendra Pradhan's resignation grew louder. During the day, a plea was filed in the Supreme Court by the Federation of All India Medical Association (FAIMA) seeking a complete overhaul of the National Testing Agency (NTA) and its replacement with a "technologically advanced and autonomous body" to restore the integrity of medical entrance exams. A political blame game also erupted with the Congress and the TMC claiming some of the arrested were associated with the BJP. Tamil Nadu Chief Minister C Joseph Vijay said the paper leak and cancellation of the exam were proof of structural flaws and demanded that it be abolished and states permitted to fill seats on their own based on Class 12 marks. He said governments of Tamil Nadu have been ...
The floor test proceedings to prove the strength of the C Joseph Vijay-led TVK government were underway in the Tamil Nadu Assembly on Wednesday with the Congress and Left parties extending support to the government while the opposition DMK staged a walkout and abstained from voting. BJP with its lone MLA, stayed 'neutral.' Earlier, Chief Minister Vijay moved a resolution seeking the confidence vote. Floor leaders of the respective parties were allowed to speak first. AIADMK general secretary Edappadi K Palaniswami opposed the Vijay-led government in the proceedings. The party's rebel leader S P Velumani declared support to TVK government, even as the Palaniswami faction opposed him. The main opposition party, DMK, staged a walkout and abstained from taking part in the voting. Congress, CPI , CPI (M), VCK, IUML and AMMK extended support to the government while the BJP said its stand was "neutral." Anbumani Ramadoss-led PMK, which has four MLAs, said it was "abstaining." The vote
The Assam Cabinet on Wednesday approved the implementation of the Uniform Civil Code (UCC) in the state, but the tribal population will be kept outside its purview, Chief Minister Himanta Biswa Sarma said. The UCC Bill will be laid before the new legislative assembly on May 26, the chief minister said at a press conference here after chairing the first cabinet meeting of his second term as the head of the government. "This is a major decision taken in the first cabinet meeting and aligns with the commitment we made during the elections," he said. Sarma said Uttarakhand, Goa and Gujarat have already implemented the UCC, but his government has customised it for the requirements of Assam. ''We have completely exempted the tribal population from the purview of UCC. All rituals, traditions and customs practised by the people of Assam outside the scope of UCC,'' he said. The UCC will deal with succession, marriage, live-in relationships and compulsory registration of marriage and divorc
