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Realty firm Macrotech Developers’ net debt fell by 7 per cent in the January-March quarter to nearly Rs 4,000 crore on strong housing sales and fund collections from customers. Macrotech Developers, which sells properties under the Lodha brand, is one of the leading real estate developers in the c...
State-owned engineering firm BHEL on Sunday posted a 19 per cent on-year growth in revenue at Rs 27,350 crore for the fiscal year 2024-25. The company also secured its highest-ever order inflows during the year, amounting to Rs 92,534 crore, a company statement said. With this, BHEL’s total order...
ICICI Bank on Saturday, April 19, reported a 15.7% year-on-year rise in consolidated net profit for the quarter ended March 2025, reaching Rs 13,502 crore, compared to the same period last year. The robust performance was driven by a steady rise in core income and improved asset quality. On a standalon...
Logistic firm Delhivery Ltd and Ecom Express have sought Competition Commission of India’s approval for their Rs 1,400-crore deal. Under the deal announced on April 5, Delhivery will acquire a controlling stake in Ecom Express for a cash consideration of Rs 1,400 crore. While Delhivery is a listed...
HDFC Bank, the country’s largest private sector lender, posted a 6.7 per cent year-on-year rise in standalone net profit to Rs 17,616 crore for the fourth quarter of FY25. The bank’s net interest income (NII) for the quarter rose 10.3 per cent YoY to Rs 32,070 crore. Net revenue for the January-March pe...
Driven by the industrial and services sectors, the number of active companies in the country surged by more than 162,800 last fiscal (FY25). According to latest data from the Ministry of Corporate Affairs (MCA), new business registrations surged as services sector accounted for about two-thirds of all n...
Havells Q4 Earnings Preview: Consumer electricals major Havells India, known for its diverse portfolio of fans, appliances, cables, and the Lloyd brand of air conditioners, is set to announce its fourth-quarter results for FY25 on April 30. According to Zee Business research, the Noida-based FMEG (fast-...
Tata group design and technology service provider Tata Elxsi said on Thursday that it had won a strategic, multi-year deal to the tune of 50 million euros from a leading European-headquartered automotive original equipment manufacturer (OEM), positioning it has a key engineering partner for platform and...
India’s FMCG giant ITC Ltd announced the acquisition of a 100 per cent stake in Sresta Natural Bioproducts Pvt Ltd, the maker of 24 Mantra Organic, for up to Rs 472.50 crore on a cash-free, debt-free basis. The move will bolster ITC’s Foods Business, aligning with its ‘ITC Next’ strate...
The Reserve Bank of India (RBI) on Thursday declared that it has imposed monetary penalties on several major financial and banking services firms due to certain deficiencies in regulatory compliance. The central bank has imposed the fine on three banks, including public sector and private sector banks...
Tata Elxsi Q4 FY25 Results: Tata group design and technology services company Tata Elxsi on Thursday reported a net profit of Rs 172.4 crore for the quarter ended March 31, marking a fall of 13.4 per cent compared with the previous three months. Its quarterly revenue decreased to Rs 908.3 crore, a seque...
Menon’s resignation came a day after Sebi on Tuesday barred Gensol Engineering and its promoters — Anmol Singh Jaggi and Puneet Singh Jaggi — from the securities markets till further orders in a fund diversion and governance lapses case. In his resignation letter addressed to Anmol Sin...
Tata Elxsi Dividend: Tata Elxsi, a leading software company under the Tata group, has declared a dividend of Rs 75 per share for the financial year 2025. The company’s board, in a meeting held on April 17, 2025, approved the dividend, which was announced after the market session. Additionally, the...
HDFC Life Q4FY25 results, HDFC Life share news: HDFC Life reported its March quarter earnings post-market hours on Thursday (April 17, 2025). For the review quarter, the life insurer’s standalone net profit grew 16 per cent to Rs 477 crore. In the corresponding period of the same fiscal year, prof...
IT giant Infosys on Thursday, April 17 announced a final dividend of Rs 22 per equity share for the financial year ended on March 31, 2025, according to a stock market disclosure. The company has also shared its financial results for the fourth and final quarter ended on March 31, 2025. “Recommend...
Bengaluru-based IT giant Infosys reported a net profit of Rs 7,033 crore for the March 2025 quarter, down 12 per cent YoY. While revenue rose marginally on a quarter-on-quarter basis to Rs 41,850 crore as per Zee Business estimates, it was down by 2 per cent sequentially to Rs 40,925 crore as per offici...
Under the collaboration, the airline’s loyalty programme members will now be entitled to earn Bluchips every time they spend on Swiggy across food, instamart and Swiggy Dineout. “By earning rewards on every meal, grocery order, and dining experience, our users can fast-track their journey to...
Net profit for Q4 surges to Rs 638 crore; dividend subject to shareholder approval HDFC Asset Management Company (HDFC AMC) on April 17 announced a final dividend of Rs 90 per share for FY24, pending shareholder approval at its upcoming Annual General Meeting. The move comes on the back of a strong quar...
HDFC Bank Q3 FY25 earnings Preview: HDFC Bank – the country’s top lender by market capitalisation is set to release its financial results for the fourth quarter and full year on April 19. The spotlight primarily is on the bank’s guidance on loan and deposit growth as evolving domestic...
Yes Bank on Wednesday said it has received a demand notice of Rs 244.20 crore for assessment year 2016-17. The reassessment order considered the income reported in the return of income instead of assessed income, for computing the reassessed income and tax thereon, Yes Bank said in a regulatory filing....
The Reserve Bank on Wednesday said it has cancelled the licence of Ahmedabad-based ‘Colour Merchants Co-operative Bank’ as the lender does not have adequate capital and earning prospects. Registrar of Cooperative Societies, Gujarat, has also been requested to issue an order for winding up th...
The Competition Commission of India (CCI) has cleared a proposal of Patanjali Ayurved and five other entities to acquire a majority stake in Magma General Insurance. “The proposed combination is being notified under the green channel route in consonance with section 6(4) of the Competition Act, 2002,...
Zaggle Prepaid Ocean Services Limited, a spend management company, on Wednesday announced that it has secured a Third-Party Application Provider (TPAP) approval from the National Payments Corporation of India (NPCI). The development will enable Zaggle to offer UPI-based payment solutions directly throug...
The Competition Commission of India (CCI) on Wednesday imposed monetary and non-monetary sanctions on several entities for contravening provisions of Section 3(4) of the Competition Act, 2002. CCI has imposed a fine of Rs 269.83 lakh on three companies – UFO Movies India, Scrabble Digital and Qube...
The platform ‘Zinc Freight Bazaar’ features live tracking, logistics planner, bidding tool and a host of affiliated logistics service partners. “This…Initiative simplifies the logistics process, empowers customers, and enhances their experience with live tracking, a logistics pla...
Wipro Q4 FY2425 Results Key Takeaways: Leading IT company Wipro announced its fourth quarter-results (Q4 FY2425) today (April 16, 2025), declaring an ease in its attrition rate quarter-on-quarter (QoQ). While the largecap firm’s year-on-year (YoY) profit after tax (PAT) rose, it won large deals wo...
Swaraj Engines Dividend 2025: Auto industry leader Swaraj Engines Ltd (Swarajeng) – backed by Mahindra & Mahindra declared a dividend of Rs 104.50 per share for the financial year ended March 31, 2025. The board has considered this measure following the company’s Q4 FY25 results, which saw a s...
India’s IT major Wipro posted a 25.9 per cent year-on-year (YoY) jump in net profit to Rs 3,570 crore for the March quarter (Q4 FY25), compared to Rs 2,835 crore in the same period last year. However, revenue from operations rose marginally by 1.33 per cent YoY to Rs 22,504 crore from Rs 22,208 cr...
Infosys Q4FY25 results preview: Bengaluru-headquartered Infosys is slated to report its Q4 earnings on Thursday after market hours. Zee Business research sees the IT services major to post a weak set of earnings for the March quarter. Consolidated profit at the company is expected to decline over 2 per...
Q4 FY25 Results Update: ICICI group insurers ICICI Lombard General Insurance and ICICI Prudential Life Insurance reported their financial results on Tuesday. While the life insurer beat analysts’ expectations, the general insurance provider staged a mixed financial performance for the final quarter of t...
Wipro is likely to report a soft set of numbers for the March 2025 quarter, with revenues and profits impacted by seasonal headwinds and sluggish client spending. According to estimates, the company’s revenue may rise just 1.49 per cent sequentially to Rs 22,652 crore in Q4FY25, while net profit is expe...
Bharat Electronics Ltd (BEL) is likely to win a deal to the tune of Rs 2,000-2,200 crore from the Indian Air Force (IAF), sources told Zee Business. The IAF is set to induct the MK-2 low-level light weight radars to its fleet, they said. Bharat Electronics shares ended higher by Rs 8.7, or 3.0 per cent...
Bharti Airtel has partnered with quick commerce platform Blinkit for delivery of its new SIM cards to customers in Chennai within 10 minutes at a fee of Rs 49, the telecom major said on Tuesday. This collaboration marks a significant milestone, enabling customers to receive SIM cards at their doorstep i...
GM Breweries reported a sharp 30.5 per cent year-on-year decline in its consolidated net profit for the March quarter of FY25, falling to Rs 60.46 crore from Rs 87 crore in Q4FY24. The Mumbai-based liquor manufacturer faced margin pressure despite posting a healthy uptick in revenue, which rose over 6 p...
In a first, Bharti Airtel on Tuesday announced its partnership with quick commerce platform Blinkit for the delivery of SIM cards to its customers within ten minutes. In the initial phase of this launch, the SIM delivery service will be available across 16 major cities, including Delhi, Gurugram, Farida...
Swiggy has launched Pyng, an AI-driven platform for users to access professionals across specialisations like health and wellness, astrologers, event planners and skill trainers, the company announced today, April 15. The Seller App was launched earlier this year. The launch marks Swiggy’s entry i...
ICICI Lombard Q4FY25 earnings preview: ICICI Lombard in Tuesday’s trade is in focus ahead of its fourth-quarter earnings later today post-market hours. Ahead of its financial results, the insurer major traded with gains over 3 per cent or Rs 52 at Rs 1,770.7 per share on the BSE. ICICI Lombard Q4F...
The fourth quarter earnings season continues in full swing with nine listed companies scheduled to report their financial results on Tuesday, April 15, 2025. Among the key names in focus are the Indian Renewable Energy Development Agency (IREDA), ICICI Lombard General Insurance, and GM Breweries. Invest...
The National Company Law Appellate Tribunal (NCLAT) has dismissed the plea filed by debt-ridden realty firm Supertech former promoter Ram Kishor Arora against personal insolvency proceedings initiated against him. He had challenged an order by the Delhi bench of the National Company Law Tribunal, which,...
Eminent real estate business owners Abhishek Lodha and Abhinandan Lodha—commonly known as the Lodha brothers—have resolved all outstanding disputes between them and their groups. According to a joint statement, the resolution of the disputes between them came about “under the guidance of their parents”....
In an era marked by blurred facts and rising noise, Zee News is proud to present a voice that rises above it all. Rahul Sinha, one of India’s most respected and experienced journalists, will be the bold editorial force the nation needs. With the resolute mission of ‘buland aawaaz… vishwasneey sam...
Q4 Results This Week: A number of companies are scheduled to report their financial results this week from April 14 to April 25 as the earnings season gathers steam on the Dalal Street. Here’s the list – ICICI Lombard, IREDA, India Cements, Mahindra EPC Irrigation Ltd and MRP Agro Ltd will a...
K Krithivasan — the chief executive and managing director of TCS — believes that the tariff moves-induced uncertainty impacting the sector will be “short-lived” and expects it to get resolved within “months”. The over USD 39-billion order book of the company will ensu...
Drug makers Glenmark, Sun Pharma and Zydus are recalling products in the US for manufacturing issues, the US Food and Drug Administration (USFDA) said in its latest Enforcement Report. As per the US health regulator, Mumbai-based Glenmark is recalling over 25 products in the US market due to Current Goo...
JPMorgan’s net income rose 9% to $14.6 billion in the first quarter and the New York bank beat Wall Street’s profit and revenue targets, but it’s chief executive warned of global economic uncertainties ahead due to President Donald Trump’s ongoing trade war and other geopolitical tensions.CEO Jami...
Do depositors ever want to know if their trusted bank is run by people who don’t choose their words carefully? That’s just what happened back in 2018, the year when the Rs 14,000-crore Punjab National Bank (PNB) scam was unearthed. The country’s banking system hit a historic low during that year....
In a significant move, tech giant Google has reportedly laid off hundreds of employees from its platforms and devices division—the team behind Android software, Pixel smartphones, and the Chrome browser. This comes just a few months after the company offered voluntary buyouts to workers in the same unit...
Madhur Bajaj, a non-executive director of Bajaj Auto, passed away this morning in Mumbai at the age of 63. Due to some health issues, Bajaj had been admitted to Breach Candy Hospital in South Mumbai. He suffered a stroke a couple of days back. HE died at around 5 AM today, April 11. This is ...
Murugappa Group firm Coromandel International has sought fair trade regulator CCI approval to acquire a majority stake in NACL Industries. NACL, a listed entity, operates in the agro-chemical sector. It offers crop protection products and active ingredients. “CIL (Coromandel International Ltd) pro...
TCS Q4 FY25 Results Highlights: Tata Consultancy Services (TCS)—the country’s largest IT company and its second most valuable company across the listed universe—on Thursday kicked off a new earnings season for India Inc. The Mumbai-headquartered IT giant reported a consolidated net profit of Rs 12,224 c...
