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Infosys’s board has approved a share buyback proposal to the tune of Rs 18,000 crore. The buyback — approved at Rs 1,800 per share — will be at a premium of 19.2 per cent over the current market price and comprise 2.41 per cent of the IT major’s equity. | Image: infosys.com Doon...
Marico Limited has entered into a definitive agreement to acquire the remaining 46.02 per cent stake in HW Wellness Solutions Private Limited, the company that owns the digital-first health food brand ‘True Elements’. The development was disclosed by the company in a regulatory filing to the...
ITC’s has launched “Aashirvaad Atta with High Protein” under its Aashirvaad brand. The product — set to rival multigrain and high-fibre wheat flour options in the market — is targeted at consumers looking to fulfil thier daily protein needs through staple food. The FMCG giant claims that thr...
The board of Infosys is scheduled to meet on September 11 to discuss the buyback proposals. Meanwhile, Hong Kong-based brokerage firm CLSA believes it can trigger buyback talks at Tata Consultancy Services (TCS) too. TCS shares are currently trading at Rs 3,114 at noon. The brokerage maintained an...
Vodafone Idea NSE BSE Stock Price News: Private sector telecom service provider Vodafone Idea took centre stage on Dalal Street on Wednesday, after the company moved the Supreme Court over its adjusted gross revenue (AGR) dues owed to the central government’s telecom department. The telecom firm f...
Thermax shares Today: Thermax stock, with current market price of Rs 3,379.80 indicating an upside of 2.04 per cent at 12:55 pm, continues to be trading in green, showing positive momentum in Wednesday’s trading session. The positive momentum is expected to surge as brokerage firm JP Morgan initia...
Tata Consultancy Services (TCS), the global leader in IT services, has signed a partnership with France’s research institute CEA to accelerate innovation and industrialization of Physical AI solutions. According to the press release by TCS, the alliance will drive the design, development, and dep...
Shares of RailTel Corporations of India surged over 6 per cent recording its biggest intraday since September 2. The rally is attributed to the company’s announcement of securing multiple orders worth over Rs 700 crore from the Bihar Education Project Council (BEPC). As of 2 pm, the shares were t...
HUL Shares Today: Shares FMCG giant Hindustan Unilever (HUL) were trading low on Tuesday. The stock was trading at Rs 2626 at 10:20 am marking 0.090 per cent upside. Here’s what brokerages suggest on trading this stock: Jefferies maintains a ‘buy’ rating on Hindustan Unilever (HUL) wi...
Tata Communications announced strategic collaboration with Cisco to work jointly on eSIM and IoT connectivity services across the global enterprises. After the announcement, the stock of Tata Communications closed at Rs 1549 per share on Monday. Why TATA Communications and Cisco collaborated? The strate...
SpiceJet Q1 Results: Budget carrier SpiceJet slipped into the red in the June quarter, posting a consolidated net loss of Rs 234 crore, weighed down by geopolitical disruptions, weak travel demand, and persistent supply chain snags. This marks a sharp reversal from the Rs 158 crore profit the airline re...
The corporate insolvency resolution process (CIRP) of Hindusthan National Glass & Industries Ltd. (HNGIL) — India’s oldest and once-largest container glass manufacturer — has snowballed into a full-blown regulatory and legal storm. A 39-page legal notice, addressed to the Reserve Bank of...
IndusInd Bank has been hit by a major whistleblower disclosure, with a former top executive alleging treasury-related irregularities running into Rs 2,600 crore over more than a decade. It all began with a letter dated August 26, addressed to the Prime Minister’s Office, by Gobind Jain, the bank’s forme...
The Competition Commission of India (CCI) — the country’s fair trade regulator — on Tuesday said it has approved the proposed acquisition of certain share capital and voting rights in private sector lender YES Bank by Japan-based Sumitomo Mitsui Banking Corporation (SMBC). The regulat...
The Competition Commission of India (CCI) has approved the proposed combination involving the acquisition of up to 100 per cent shareholding in Sahyadri Hospitals Private Limited by Manipal Hospitals Private Limited, marking a significant development in India’s healthcare sector, the official release co...
The revenue growth of Indian companies slipped to a 7-quarter low of 3.4 per cent year-on-year in the first quarter of the current financial year 2025-26, according to a report by ICICI Bank. The report, which analyzed the quarterly performance of around 3,000 listed companies across manufacturing and s...
NTPC CMD Gurdeep Singh was on Friday, August 29, conferred with the Individual Leadership Excellence Award at the SCOPE Eminence Awards held today in New Delhi. The award was presented by President Droupadi Murmu at Vigyan Bhawan, New Delhi. The ceremony was graced by Pankaj Chaudhary, Minister of State...
Brief Facts The evolving interface between competition law and insolvency regulation has given rise to a complex set of questions regarding regulatory sequencing, statutory harmonisation, and market oversight. The Committee of Creditors (CoC), under the Insolvency and Bankruptcy Code, 2016, is entrusted...
Power Grid Corporation of India Limited (POWERGRID), a Maharatna CPSU under the Ministry of Power, was conferred with the SCOPE Eminence Award for Human Resource Management by President Droupadi Murmu on August 29, in a function held at Vigyan Bhawan, New Delhi. The award was received by Ravindra Kumar...
Hindusthan National Glass & Industries Ltd’s corporate insolvency resolution process (CIRP) has emerged as one of the most prolonged and controversial episodes in the history of the country’s Insolvency and Bankruptcy Code (IBC), which came into existence in 2016 to offer a consolidated and time-bou...
Oil and Natural Gas Corp (ONGC) — a Maharatna central public sector enterprise (CPSE) — expects crude oil to hover around the $65 per barrel mark going forward, its chairman Arun Kumar Singh said at the PSU’s 32nd Annual General Meeting (AGM) this week. ONGC is keeping a close watch on the g...
मुख्यमंत्री श्री पुष्कर सिंह धामी की उपस्थिति में शुक्रवार को मुख्यमंत्री आवास में उत्तराखण्ड सरकार और जर्मन स्थित इनोवेशन हब राइन-माइन, के मध्य लेटर ऑफ इन्टेन्ट (एल.ओ.आई) पर हस्ताक्षर किये गये। इसका उद्देश्य उत्तराखण्ड को कुशल युवाओं को जर्मनी में स्वास्थ्य, ऑटोमोबाइल, व्यावसायिक प्रशिक्षण, हाइड्रोजन ए...
RIL AGM Announcements: Reliance Industries Ltd (RIL) made a string of announcements at its 48th Annual General Meeting on Friday, including a long-awaited timeline for the Jio IPO, the launch of a new AI-focused subsidiary, and updates across its telecom, retail, and energy businesses. Chairman Mukesh A...
An advisory issued by the Association of Healthcare Providers-India (AHPI) instructing member hospitals to halt cashless services for Bajaj Allianz General Insurance and Care Health Insurance policyholders has been withdrawn, according to an official statement issued by the AHPI. The AHPI, in its meetin...
Infosys, the country’s second largest IT firm, has bagged a seven-year deal worth Rs 6,000 crore for GSTN infrastructure. The GSTN board has approved the IT major’s proposal. Infosys shares traded 2.1 per cent lower at Rs 1,468.9 apiece on BSE, minutes before the closing bell on Dalal Street...
Maruti Suzuki India Ltd held its 44th Annual General Meeting (AGM) on Thursday through video conferencing. The company’s top management and shareholders came together virtually to approve several important proposals, including the adoption of financial results for FY25, the declaration of a dividend, an...
Calling it a true example of “Make in India, Make for the World,” Maruti Suzuki Chairman RC Bhargava on Tuesday said the company’s Gujarat plant is being developed into a global hub as Prime Minister Narendra Modi flagged off the first batch of the company’s electric SUV, ‘e-Vitara...
The Association of Healthcare Providers India (AHPI) today, August 26 has directed all hospitals to suspend cashless hospitalisation services for Bajaj Allianz General Insurance and CARE Health Insurance, Zee Business reported. General Insurance Council (GIC) strongly opposes the decision and said inter...
Fintech major PhonePe has announced the launch of its latest home insurance product line, designed to offer homeowners a simple and affordable solution to protect their homes. With premiums starting as low as Rs 181 (including GST) for coverage ranging from Rs 10 lakh going up to Rs 12.5 crore, buyers c...
Shares of Ola Electric climbed as much as 5 per cent on Tuesday, hitting an intra-day high of Rs 51.10 on the BSE, after the company announced that its Gen 3 electric scooter portfolio had received Production Linked Incentive (PLI) certification. As of 10:37 AM, the stock was trading 3.48 per cent highe...
The Supreme Court has ordered the formation of an SIT to investigate the affairs of Vantara, a Reliance Foundation firm. Reliance Foundation is the philanthropic arm of RIL. The top court has noted the need for unbiased and thorough fact-finding in the “ends of justice”, without casting aspersi...
In an advisory, the Association of Healthcare Providers India (AHPI), which advocates for hospitals and healthcare facilities throughout India, has requested that its member hospitals cease providing cashless treatment services to Bajaj Allianz customers from September 1, 2025. The association’s r...
Large, diversified engineering, procurement and construction (EPC) companies are expected to see their revenues grow by 9-11 per cent this fiscal, according to a recent Crisil Ratings report. Infrastructure alone accounts for nearly three-fourths of India’s total capital expenditure, underlining t...
Global hospitality and travel tech firm OYO is preparing to file its Draft Red Herring Prospectus (DRHP) in November, aiming for a public listing at a valuation of USD 7-8 billion, according to sources. People familiar with the matter said the company is expected to present the proposal to its board nex...
Godrej Properties Ltd. announced on Monday that it sold homes worth more than Rs 1,000 crore at the launch of its Godrej Regal Pavilion project in Hyderabad. This marks the Mumbai-based real estate company’s second successful project launch in Hyderabad this year, with both developments surpassing the R...
After announcing its decision to offer only free-to-play contests, fantasy sports Dream11 is reportedly engaged in discussions to also end its jersey sponsorship deal with the Board of Control for Cricket in India (BCCI) — the country’s apex governing body for cricket. BCCI is the wealthiest cricket boa...
Reliance Group chairman Anil Ambani has strongly denied the allegations made in a complaint by State Bank of India (SBI) after CBI investigators carried out searches at his residence. According to Ambani’s spokesperson, the complaint pertains to matters dating back more than 10 years, when Ambani was a...
The next time you forward a fat-loss programme ad to a friend, think twice. Beauty and wellness brands VLCC and Kaya have been penalised Rs 3 lakh each for allegedly misleading consumers with their campaigns. The Central Consumer Protection Authority (CCPA) — which functions under the Ministry of...
Kavin Bharti Mittal, founder of Hike’s casual real-money gaming (RMG) platform Rush, has announced that the company will exit India completely and focus fully on the United States and other global markets. Mittal shared the decision in a detailed post on August 21, citing regulatory uncertainty and bett...
Nazara Technologies Ltd.’s associate company, Moonshine Technologies Private Limited, which runs PokerBaazi and other card-based platforms, has stopped offering real-money online gaming. The decision comes after the Parliament passed the Online Gaming Bill, 2025. Nazara holds a 46.07 per cent stake in M...
Edelweiss Financial Services Limited (EFSL) has announced that WestBridge Capital is acquiring a 15 per cent stake in Edelweiss Asset Management Limited (EAML), the asset manager of Edelweiss Mutual Fund, for Rs 450 crore. Edelweiss Mutual Fund (Edelweiss MF) currently manages equity assets under manage...
Bengaluru-based AI-powered technology services and consulting giant Wipro has signed a deal with Samsung to buy the digital transformation solutions (DTS) business unit of Harman, according to a stock market disclosure. The deal is subject to regulatory approvals and is expected to close by December 31,...
Airport operator GMR Airports said on Thursday that its board has approved a plan to raise up to Rs 5,000 crore. The funds will be raised in one or more tranches, through “securities including fully paid-up Equity Shares, non-convertible debentures along with warrants and/or convertible securities...
FMCG major Hindustan Unilever Ltd (Ltd) on Thursday announced key changes to its top management, naming Niranjan Gupta as its next CFO after Ritesh Tiwari. The company appointed Gupta as CFO-designate and member of its management committee, with effect from September 1. He will take over from Tiwari as...
India’s airline posted steep losses in the financial year 2024-25 (FY25), with Tata Group-owned Air India and Air India Express together accounting for the biggest share of the setback, the Parliament was informed on Thursday. Add Zee Business as a Preferred Source Air India and its low-cost a...
Aviation News: The government on Thursday said that the Directorate General of Civil Aviation (DGCA) had issued four show-cause notices to Air India over 29 violations. These violations are addressed as per the Enforcement Policy and Procedure Manual of DGCA. A few instances of systematic issues were ob...
DIPAM Secretary Arunish Chawla said on Thursday that the process for a proposed IDBI Bank divestment is set to be completed by September. He also said that the government has achieved divestments worth Rs 20,000 crore in the June quarter. “Due diligence by qualified interested parties is complet...
Several dividend-paying companies including Coal India, Rail Vikas Nigam Ltd (RVNL), Hindustan Aeronautics Ltd (HAL), Thomas Cook (India) and Honda India Power Products Ltd are trading ex-dividend today, August 21, 2025. These firms, along with others, have fixed August 21 as the record date for identif...
Online motorbike taxi and auto-rickshaw hailing platform Rapido has been slapped with a penalty and ordered to issue refunds to some of its customers. The Central Consumer Protection Authority (CCPA) — the country’s consumer affairs regulator — has imposed a penalty of Rs 10 lakh on Ra...
Multinational conglomerate IKEA plans to double the number of its stores and customer touchpoints across the nation over the next 12 to 18 months, according to Jesper Brodin, CEO of Ingka Group, which owns IKEA globally. The expansion will include both large-format stores and smaller outlets in malls an...
