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Swiggy on Monday announced the launch of the “Fasting Mode” feature that offers users the flexibility to pause food notifications whenever they observe a fast. Starting with Ramzan and extending to other fasting periods such as Navratri, this feature does not interfere during fasting hours w...
The Ministry of Corporate Affairs (MCA) is closely monitoring EY’s role in Byju’s insolvency case and may initiate an investigation, sources revealed. The development follows whistleblower allegations raising serious concerns over EY’s conduct in the Corporate Insolvency Resolution Process (CIRP) of Byj...
Sun Pharmaceutical Industries Ltd has announced an agreement to acquire Nasdaq-listed Checkpoint Therapeutics, an immunotherapy and targeted oncology company, in a move aimed at strengthening its onco-dermatology portfolio. The acquisition will be for an upfront cash payment of 4.10 dollars per share, a...
Maruti Suzuki India (MSI) on Saturday said it has joined hands with Hero FinCorp for vehicle finance. As per the MoU inked between the entities, the partnership will leverage the automaker’s wide-reaching network and Hero FinCorp’s tailored financial solutions for new and pre-owned car loans...
SpiceJet is facing fresh round of troubles as three Ireland-based aircraft lessors and a former pilot have filed insolvency pleas in NCLT against the budget carrier, claiming defaults. Three lessors – NGF Alpha, NGF Genesis and NGF Charlie- have filed petitions under Section 9 of IBC, seeking init...
The Securities and Exchange Board of India (SEBI) has issued an administrative warning to FMCG major Nestle India for violating insider trading regulations, the company informed exchanges on Friday. The warning, issued by the SEBI’s Deputy General Manager, was sent to the company’s Complianc...
Swiggy on Friday said it has expanded its food delivery service, in partnership with IRCTC, to 100 railway stations across 20 states in India. In the coming months, the food and grocery delivery platform will continue to expand its reach to more stations across the length and breadth of the country, Swi...
Inox Wind Ltd (IWL) on Friday said it has secured a new order for supply of 51 wind turbines in Tamil Nadu from a global clean energy player. Each turbine will have a capacity of 3 megawatt (MW), taking the total capacity of the order to 153 MW, Inox Wind said in a statement. “Inox ...
The Income Tax (I-T) Department initiated a search operation on Parle Products, the maker of Parle-G and Bisleri today (Fbruary 7, 2025). The income tax search is regarding the disclosure of foreign assets. Parle Products manufactures brands such as Monaco, Krackjack, Bourbon, Marie Gold, Hide & See...
The Securities and Exchange Board of India (SEBI) on Thursday warned the public against buying or dealing with any properties belonging to Sunshine Global Agro and its directors. The market regulator issued this cautionary notice after discovering that some individuals or entities were illegally purchas...
CitiCorp Investment Bank (Singapore) Ltd on Thursday settled with Sebi a case relating to issuance of offshore derivative instruments to Symmetry Master Fund Ltd without completing the KYC norms, on payment of Rs 36 lakh. This came after CitiCorp filed a suo motu settlement application with Sebi proposi...
As many as five current and former officials of Add-Shop E-Retail Ltd (ASERL) and White Organic Agro Ltd (WOAL) on Thursday settled a case with Sebi pertaining violation of regulatory norms and made a payment of Rs 95.55 lakh towards the settlement amount. ASERL is into the business of manufacturing, ma...
FMCG major Britannia Industries informed today (March 6) that its Chief Executive Officer (CEP) Rajneet Singh Kohli has resigned to pursue an opportunity outside the company. Kohli had joined Britannia in September 2022. According to a regulatory filing, he submitted his resignation on March 5, 2025....
The disinvestment process of IDBI Bank is progressing rapidly, with technical bidders completing their due diligence—a crucial step before the opening of financial bids. A source close to the development told Zee Business, “Recently, the technical bidders of IDBI Bank have completed the due diligence pr...
Gensol Engineering Ltd (GEL) on Wednesday said proceeds from the series of asset divestments will be used to reduce debt as it looked to address concerns around recent credit rating downgrades. Acknowledging the credit rating downgrades by CARE and ICRA, the firm said that it has happened due to a short...
The Central Bureau of Investigation (CBI) has registered a first information report (FIR) case against Jai Corp director Anand Jain over alleged fraudulent activities. Jain along with his group of companies Urban Infrastructure Venture Capital and Urban Infrastructure Trustees, in relation to funds mobi...
The Income Tax Department on Wednesday carried out extensive raids at the corporate offices and premises of the County Group and its associated construction company in Noida over allegations of tax evasion and financial irregularities. Officials said around 30 teams from the department’s Noida uni...
Human resource tech platform Darwinbox on Wednesday said it has raised USD 140 million in a funding round co-led by private equity firm Partners Group and investment firm KKR.The company plans to use the fund for its international expansion. “Darwinbox announced the signing of definitive agreement...
Public sector oil marketing firm HPCL on Wednesday (March 5) has joined hands with Tata Motors to launch a co-branded diesel exhaust fuel ‘Genuine DEF’. The co-branded diesel exhaust fuel will be sold at 23,000 Hindustan Petroleum Corporation Limited (HPCL) gasoline stations across India, as...
Ola Electric Mobility on Tuesday said its wholly-owned subsidiary has received a letter from IFCI for missing out on targets specified under the Production Linked Incentive Advanced Chemistry Cell scheme (PLI ACC). As per the government sources, the company did not meet production and investment-related...
Refuting reports about the delayed salary hikes, IT firm Cognizant on Tuesday said there will be no delay in its cycle and merit increases for eligible employees will be rolled out in August. The New Jersey-headquartered firm, in a statement, said it will also be paying bonuses to eligible associates in...
IT solutions firm Coforge has entered into a 13-year partnership with travel technology company Sabre Corporation, according to a regulatory filing. The agreement, valued at about USD 1.56 billion (about Rs 13,607 crore), will see Coforge as a key partner in helping Sabre speed up product development an...
GE Vernova T&D India Ltd on Tuesday said it has secured orders worth Rs 500 crore to supply and install transformers and reactors under the bulk procurement from Power Grid Corporation. According to a regulatory filing, the orders will be executed within 36 months. GE Vernova T&D India Ltd has r...
The Competition Commission of India on Tuesday cleared Ambuja Cements’ proposal to acquire a majority stake in CK Birla group firm Orient Cement Ltd for Rs 8,100 crore. Ambuja Cements, a part of the diversified Adani Group, operates 22 integrated cement plants across India, as well as 10 bulk ceme...
Cement prices declined around 7 per cent year-on-year in April-January FY25, amid weak demand, and increasing competition due to large supply additions by leading companies, according to a report by rating agency Ind-Ra. Though prices of cement (a bag of 50 kg) have increased sequentially from November...
EaseMyTrip Q3 Results: Online travel booking platform EaseMyTrip on Friday reported a decline in its consolidated net profit to Rs 34 crore in the quarter ended December. The company had a net profit of Rs 45.68 crore in the year-ago period, according to a regulatory filing. Its total income decreased t...
Bhavish Aggarwal-run Ola Consumer, which runs the cab-hailing service, on Thursday reported 21 per cent decline in its consolidated revenue from operations and other income for the last fiscal (FY24). The company’s consolidated revenue from operations and other income decreased by 21.06 per cent t...
The Department of Telecom (DoT) has asked debt-ridden telecom operator Vodafone Idea to either deposit a bank guarantee of Rs 6,090.7 crore or Rs 5,493.2 crore in cash for shortfall of aggregate payment made for spectrum the company acquired in 2015, the company said. The company, however, is in discuss...
RBL Bank on Thursday said the Reserve Bank of India (RBI) has approved the re-appointment of R Subramaniakumar as the Managing Director & CEO of the bank for a period of three years. RBI vide its letter dated February 13, 2025 has approved the re-appointment of R Subramaniakumar as the MD & CEO...
State-owned SJVN Ltd on Thursday posted a 7 per cent rise in consolidated net profit to Rs 148.75 crore in the December quarter on the back of higher revenues. The company posted a net profit of Rs 138.97 crore a year ago, as per a BSE filing. Total income rose to Rs 760.76 crore during ...
TVS Motor Company on Thursday bought additional shares of TVS Supply Chain Solutions for Rs 107 crore through an open market transaction. According to the bulk deal data available on the BSE, TVS Motor Co purchased 67.10 lakh shares, amounting to 1.52 per cent stake in TVS Supply Chain Solutions.The sha...
Saab, a leading defence and security company, has signed an agreement with Hindustan Aeronautics Limited (HAL) for a laser warning system, the global firm has said. The agreement builds on a “strong partnership between Saab in South Africa and HAL” that began in 2005 during the development o...
NBFC Shriram Finance Ltd (SFL) on Thursday said it has raised about USD 500 million (about Rs 4,300 crore) through External Commercial Borrowing (ECB) to fund business growth. This transaction represents the largest SACE-covered loan facility raised by an NBFC in India, reinforcing SFL’s position...
Kalpataru Projects International on Thursday reported a marginal dip of 3 per cent in consolidated net profit to Rs 139.59 crore in the December 2024 quarter. The company had a consolidated net profit of Rs 144.07 crore in the quarter ended December 31, 2023, the company said in a regulatory filing. The...
The initial public offer of Hexaware Technologies Ltd received 15 per cent subscription on the second day of bidding on Thursday. The initial share sale got bids for 1,38,39,483 shares against 9,14,23,354 shares on offer, as per NSE data. The quota for Qualified Institutional Buyers (QIBs) fetched 39 pe...
Aditya Birla Group firm Hindalco Industries on Thursday posted a 60 per cent rise in consolidated net profit to Rs 3,735 crore in the December quarter aided by higher income. It had reported a net profit of Rs 2,331 crore in the October-December period of the preceding 2023-24 financial year, the compan...
Indian Oil Corporation (IOC), the nation’s largest oil firm, has signed a USD 7-9 billion deal to import LNG from UAE on a long-term 14-year contract. IOC signed a long-term deal to receive 1.2 million tonnes per year of LNG from the United Arab Emirates beginning 2026 for 14 years. “ADNOC G...
Union Minister Ashwini Vaishnaw said on Wednesday that Thermo Fisher Scientific wants to expand its manufacturing base in the country. US-based Thermo Fisher Scientific is an analytical instrument manufacturer and clinical research provider. Thermo Fisher Scientific wants to expand its manufacturing bas...
The government on Wednesday extended the due date for implementation of revised Schedule M — good manufacturing practices provision, for small and medium pharmaceutical firms with turnover of Rs 250 crore or less, till the end of this year. The Ministry of Health & Family Welfare has given thr...
The Indian Farmers Fertiliser Cooperative Ltd (IFFCO) on Wednesday issued a stern warning against the unauthorized sale of its products on e-commerce platforms, stating it has not granted permission to any online marketplace to sell its products. The world’s largest fertiliser cooperative emphasiz...
Zydus Lifesciences Ltd on Wednesday said it has signed an exclusive development, licensing, supply and commercialisation pact with Synthon BV of the Netherlands for a novel oncology product for an undisclosed target. The novel 505(B)(2) oncology product is likely to be filed in 2026 and will offer addit...
NATCO Pharma Ltd on Wednesday reported a 37.75 per cent decline in consolidated net profit to Rs 132.4 crore in the December quarter, hit by a drop in formulations exports. The company had posted a consolidated net profit of Rs 212.7 crore in the third quarter of the previous fiscal year, NATCO Pharma s...
Jubilant FoodWorks Ltd on Wednesday reported a consolidated net profit of Rs 43.24 crore in the third quarter ended December 31, 2024. The company had posted a consolidated net profit of Rs 65.71 crore in the third quarter of last fiscal, said Jubilant FoodWorks Ltd (JFL), which holds franchise rights f...
FMCG firm Honasa Consumer Ltd on Wednesday reported a marginal rise in its consolidated net profit to Rs 26.02 crore in the third quarter ended December 31, 2024. The company, which owns brands including Mamaearth, had posted a consolidated net profit of Rs 25.9 crore in the October-December quarter las...
Siemens on Wednesday said it has posted a 10 per cent decline in its consolidated net profit to Rs 372 crore in the December quarter compared to a year ago, due to lower revenues. The company had reported a consolidated net profit of Rs 412 crore in the year-ago period, backed by continuing operations,...
State-owned Oil and Natural Gas Corporation (ONGC) on Wednesday signed an initial pact with Tata Power Renewable Energy Ltd to explore collaborative opportunities in the Battery Energy Storage System (BESS) value chain. ONGC has been stringing around deals in clean energy as part of its target to scale...
Auto components major Bharat Forge Ltd on Wednesday reported a 16.38 per cent decline in consolidated net profit at Rs 212.78 crore in the third quarter ended December 31, 2024, impacted by lower revenue. The company had posted a profit of Rs 254.45 crore in the third quarter last fiscal, Bharat Forge L...
Hindustan Aeronautics Ltd (HAL) has announced its first interim dividend for FY25 at Rs 25 per equity share of Rs 5 face value. The record date for the dividend has been set as February 18, 2025, with payments scheduled to be completed by March 14, 2025, according to the company’s stock exchange filing....
Hindustan Aeronautics Ltd (HAL) posted a 14 per cent increase in consolidated net profit at Rs 1,440 crore for the quarter ended December 31, 2024, up from Rs 1,261 crore in the same period last year. The company’s revenue from operations grew 15 per cent year-on-year (YoY) to Rs 6,957 crore, driven by...
Mahindra Group Chairman Anand Mahindra on Tuesday announced that the group plans to invest nearly Rs 40,000 crore in Karnataka over the next few years. Speaking at the inaugural session of the Invest Karnataka-2025 summit, he said the Mahindra Group has no hesitation in investing in long-term businesses...
