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Taiwan-based manufacturing giant Hon Hai Precision Industry Co., known globally as Foxconn, sales for the month of June rose 10 per cent from a year earlier, boosted by cloud and networking gadgets showed strong growth amid an artificial intelligence boom. The company posted a consolidated sale of NTD 5...
After State Bank of India’s move to reportedly classify Reliance Communications’ loan account as “fraud”, legal counsel representing businessman Anil Ambani–chairman and managing director of Reliance Group–has strongly objected to what it described as an “ex-parte ord...
Hindustan Copper Ltd. is set to begin operations at two of its key copper mines in Jharkhand — Kendadih and Rakha — within the next six months, a move expected to significantly boost the company’s production capacity. According to sources, the Kendadih Mine is to start with an initial output of 0.22 mil...
Hindustan Copper Limited (HCL) and GAIL (India) Limited are close to signing a partnership agreement to jointly explore and develop critical minerals. The two public sector companies are expected to formalise a Memorandum of Understanding (MoU) within the next two weeks, officials familiar with the matt...
Tata Steel faces Rs 1,902 crore demand notice from Odisha Government over Sukinda mine dispatch shortfall Tata Steel has said it will challenge the demand legally, calling the claim baseless. Tata Steel has received a demand notice of Rs 1,902.72 crore from the Office of the Deputy Director of Mines, Ja...
BEML Limited has inaugurated a state-of-the-art warehousing facility in the Karnataka Industrial Areas Development Board (KIADB) Aerospace Special Economic Zone (SEZ) near Kempegowda International Airport, Bengaluru. The newly developed facility, spread across 0.12 acres, marks the first phase of BEML’s...
Hindustan Copper Ltd (HCL) is all set to ramp up operations at its Malanjkhand Copper Project (MCP), expecting to almost double its ore production capacity to 5 million tonnes per annum (MTPA) by the financial year 2030-31. The expansion aligns with the company’s long-term plan to intensify countr...
IndiGo’s parent company InterGlobe Aviation on Thursday (July 3) announced the appointment of Amitabh Kant as non-executive director. Kant, a former CEO of NITI Aayog and India’s G20 Sherpa, is a seasoned civil servant with extensive experience in public administration and global policymaking. He...
Prime Minister Narendra Modi on Thursday said that over the past decade, India has seen a major transformation across the spectrum, and on the foundations of stable polity and good governance, the country will soon be the world’s third-largest economy. During his historic Parliament address here,...
Dr. Subhash Chandra Exclusive Interview: In an important announcement set to boost shareholders’ confidence, Zee Entertainment Enterprises Ltd (ZEEL) Founder and Chairman Emeritus Dr Subhash Chandra told Zee Business Managing Editor Anil Singhvi the Zee Board has approved a Rs 2,237 crore promoter...
A few days ago, Infosys co-founder NR Narayana Murthy’s advice to youngsters to work 70 hours a week sparked controversy. Underlining that he has put in over 70 hours a week for 40-odd years during his time at Infosys, Murthy said these are issues that need to be introspected on, and not debated. He hig...
In a major move to expand its automotive manufacturing and electric vehicle (EV) component capabilities, Bharat Forge Limited (BFL) has successfully completed the acquisition of AAM India Manufacturing Private Limited for an equity value of Rs 746.46 crore. The acquisition, initially announced on Octobe...
Supreme Court has permitted real estate firm M3M Group to replace provisionally attached property under the Prevention of Money Laundering Act (PMLA) with a substitute asset of equivalent or higher value. The ruling, handed down on July 2, 2025, is being hailed as a historic judgment that weighs up enfo...
Tata Steel on Sunday (June 29) said that it has received a show cause-cum-demand notice from tax authorities regarding an alleged irregular availment of input tax credit (ITC) around Rs 1,000 crore for the financial years 2018-19 to 2022-23. According to the company, the notice was issued by the Office...
Hindustan Shipyard Limited (HSL) commemorated its 85th Sapphire Foundation Day with a week-long series of events culminating on June 21, marked by significant milestones, including a ceremonial steel-cutting by Chief of Naval Staff Admiral Dinesh K Tripathi on June 19 for the Indian Navy’s fourth...
Hindustan Aeronautics Ltd (HAL) on Thursday declared a final dividend of Rs 15 per equity share for FY25, amounting to a 300 per cent payout on the face value of Rs 5 per share. This marks the company’s second dividend for the current financial year, following an interim dividend of Rs 25 per share paid...
JSW Paints has signed definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India for Rs 8,986 crore, in a move that could significantly alter the landscape of India’s paints and coatings market. The stake will be acquired from the company’s Dutch parent, Akzo Nobel N.V., and its aff...
PhonePe and HDFC Bank announced the launch of co-branded credit card, marking the digital payments and financial services company’s foray into the co-branded card segment. The PhonePe HDFC bank co-branded RuPay credit card is designed to meet the evolving financial needs of Indian consumers. It al...
In a major step to give small businesses more financial flexibility, DBS Bank India (DBIL) on Friday announced that it will no longer charge prepayment or foreclosure fees on loans taken by Micro, Small, and Medium Enterprises (MSMEs). The announcement, made on MSME Day, applies to all new and existing...
On this MSME Day, entrepreneurs and small business founders across various sectors have come forward to highlight the key challenges they face while running their businesses. The United Nations General Assembly has designated June 27 as “Micro-Small, and Medium-sized Enterprises Day” to rais...
An Essel Group company, Konti Infrapower and Multiventures, has moved the National Company Law Tribunal (NCLT) against Kotak Asset Management Company (AMC) over the asset management company’s failure to honour certain contractual obligations. Claiming dues to the tune of Rs 12.99 crore, the Essel...
Fast-Moving Consumer Goods (FMCG) companies in India are likely to see an improvement in their profit margins in the first quarter of FY26, which is attributed to a broad-based decline in the prices of key agricultural and packaging commodities, according to a report by Antique Stock Broking Limited. Pr...
The National Payments Corporation of India (NPCI), which powers India’s Unified Payments Interface (UPI), reported a robust 42% surge in standalone net profit to Rs 1,552 crore for the financial year ended March 2025, according to provisional data from credit rating agency ICRA. In the previous fi...
Coal India Limited (CIL) is now actively pursuing diversification into the critical minerals sector, as the global race for rare earths and strategic minerals intensifies. In an exclusive interview with Zee Business, CMPDI Chairman & Managing Director Manoj Kumar revealed that Coal India has already...
Ireland-based Accenture’s shares took a heavy beating on Friday after the professional services company reported a largely better-than-expected set of financial results for the March-May period. Accenture shares finished lower by $21 or 6.9 per cent to settle at $285.4 apiece after falling as much...
Accenture (ACN) reported better-than-expected earnings and revenue for the third quarter of fiscal year 2025. However, the stock fell around 4 per cent in premarket trading on Friday, as total bookings came in well below analyst estimates — dampening investor sentiment despite an otherwise solid quarter...
Nestle India Stock Bonus Update: Nestle India, the maker of the famous Maggi noodles, announced on Thursday (June 19) said that its Board of Directors will meet on Thursday, June 26, 2025, to discuss a proposal for issuing bonus shares. If the board approved, this would mark the first bonus share issue...
India’s Hindustan Aeronautics Limited (HAL) and French engine manufacturer, Safran Aircraft Engines, signed an agreement on Thursday for the industrialisation and production of rotating parts for LEAP engines. According to a joint release by Safran Aircraft Engines and HAL, the agreement signed be...
Amazon on Thursday said it will invest over Rs 2,000 core ($233 million) in 2025 to expand and upgrade operations infrastructure, improve associate safety and well-being programmes, along with developing new tools and technology for its fulfillment network. The new investment builds on top of Amazon...
In a move aimed at improving efficiency and minimising passenger inconvenience while ensuring operational stability, Tata group airline Air India on Wednesday announced its decision to reduce its widebody aircraft-operated international services by 15 per cent for the next few weeks. The move follows th...
In a major boost to India’s aerospace ambitions, Reliance Infrastructure announced on Wednesday that French aircraft manufacturer Dassault Aviation will begin assembling its Falcon 2000 business jets in India. This will be the first time Dassault manufactures any of its Falcon aircraft outside France. W...
Mining and metals giant Vedanta Ltd on Wednesday declared a first interim dividend of ₹7 per equity share for the financial year 2025–26, amounting to a shareholder payout of approximately ₹2,737 crore. The announcement was made following the company’s Board of Directors meeting held earlier in the day,...
Zee Entertainment Enterprises Ltd. (ZEEL) has announced a significant financial move to strengthen its position in the evolving media landscape. The company’s Board of Directors has approved the issuance of up to 16.95 crore fully convertible warrants to promoter group entities on a preferential b...
Maruti Suzuki India has signed an MoU with Equitas Small Finance Bank, entering into a strategic vehicle financing partnership for customers. The carmaker said in a statement this week that this collaboration, which aims to provide retail financing solutions for new, used, and commercial vehicles, will...
Oil and Natural Gas Corporation (ONGC) has taken operational control of Well RDS 147 in its Rudrasagar field in Sivasagar, Assam, to control gas blowout, the state-owned energy PSU said on Saturday. Earlier on Friday, gushes of gas were seen erupting from the Well RDS-147 of the ONGC’s Rudrasagar...
SpiceJet Q4 Results: Budget carrier SpiceJet on Saturday reported a 173 per cent year-on-year (YoY) jump in standalone profit after tax (PAT) at Rs 324.87 crore for the March 2025 quarter (Q4 FY25)—its highest ever quarterly profit, according to company’s exchange filing. This also marks the airli...
SpiceJet Q4 Results: Budget carrier SpiceJet on Saturday reported a 173 per cent year-on-year (YoY) jump in standalone profit after tax (PAT) at Rs 324.87 crore for the March 2025 quarter (Q4 FY25)—its highest ever quarterly profit., according to an exchange filing. This also marks the airline’s second...
Metals and mining conglomerate Vedanta Ltd is set to consider its first interim dividend for the financial year 2025–26 (FY26), with a board meeting scheduled for Wednesday, June 18. In a regulatory filing after market hours on Friday, the Anil Agarwal-led company said, “The meeting of the Board of Dire...
Groww registered a net profit of Rs 1,819 crore for the financial year 2024-25, marking a year-on-year jump of more than three times, according to people privy to the development. Groww, the country’s largest broker by active investors, logged revenue of Rs 4,056 crore for the financial year, marking an...
Walt Disney Co and Universal Pictures have jointly filed a copyright infringement lawsuit against San Francisco-based AI company Midjourney, accusing it of unlawfully reproducing iconic characters from their film libraries using its AI-powered image generator. According to foreign media, the lawsuit, fi...
Hyundai Steel, South Korea’s second-largest steel manufacturer, has temporarily shut down its No. 2 plant in the southeastern city of Pohang due to a prolonged industry-wide slump, the company said on Wednesday. The suspension took effect Saturday due to a lack of production volume amid severe ind...
Investors in the Gensol Engineering Limited (GEL) have suffered a massive loss to the tune of nearly Rs 4,000 crore as the stock of the fraud-hit company sank by more than 95 per cent. Gensol Engineering’s stock closed 2 per cent down at Rs 51.42 on the National Stock Exchange (NSE) on Wednesday....
Ride-hailing giant Rapido is all set to enter India’s food delivery landscape. This announcement has created a buzz across the industry, with many wondering how Rapido’s entry will impact the dominance of established players like Zomato and Swiggy. This service is expected to start in Bengal...
Indian Renewable Energy Development Agency Ltd. (IREDA) has successfully raised Rs 2,005.90 crore through Qualified Institutions Placement (QIP). The capital was mobilised by issuing 12.15 crore equity shares at a price of Rs 165.14 per share, which includes a premium of Rs 155.14 per share over the fac...
A Navratna PSU firm RITES on Tuesday said that it secured an international deal. The PSU company has been awarded a contract worth USD 2.9 million from the Ministry of Public Works, and the Co-operativeRepublic of Guyana. According to the BSE website, RITES Ltd has received a contract worth USD 2,908,8...
ICICI Prudential Mutual Fund has introduced two new passive investment options — the ICICI Prudential Nifty Top 15 Equal Weight ETF and the ICICI Prudential Nifty Top 15 Equal Weight Index Fund. The New Fund Offer (NFO) for both schemes is open from June 10 to June 24, 2025. The schemes are designed to...
In a major regulatory relief, Infosys Ltd announced on Friday that the Directorate General of GST Intelligence (DGGI) has officially closed the Rs. 32,403 crore Goods and Services Tax (GST) reverse charge case against the company for the financial years 2018-19 to 2021-22. The Bengaluru-based IT giant i...
HDFC Bank News: HDFC Bank said on Sunday that certain unscrupulous people are targeting its senior officials, including its Managing Director and Chief Executive Officer Sashidhar Jagdishan, in order to thwart the recovery of long outstanding dues owed to it. A “frivolous” FIR was filed by one Mehta fam...
A major international crackdown has uncovered an extensive illegal Internet Protocol Television (IPTV) operation streaming pirated content across various digital platforms. Operating under brand names such as Boss IPTV, Guru IPTV, Tashan IPTV, Brampton IPTV, Vois IPTV, Indian IPTV, Punjabi IPTV, Edmonto...
State-owned company RailTel Corporation of India has received work orders worth Rs 243 crore from State Project Director, Bihar Education Project Council, according to a stock exchange filing. The work order is for the supply of “students kit” for the students of Class 1 to Class 12 at gover...
