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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...
India’s digital forensics market is expected to grow more than triple the global average of 11 per cent to hit USD 1.39 billion (Rs 11,829 crore) by the financial year 2029-30, according to a joint report by Deloitte-DSCI. As per the report, the Indian digital forensic market will grow at a Compou...
In a significant development in the Indian paints industry, Grasim Industries’ paints division — Birla Opus Paints — has lodged a formal complaint with the Competition Commission of India (CCI) against Asian Paints, India’s largest paint manufacturer. The complaint alleges that Asian Paints has been eng...
In a significant development for income-focused investors, shares of 20 listed companies will trade ex-dividend today, June 6, 2025 (Friday). These include prominent names like Bank of Baroda, Container Corporation of India (CONCOR), HDFC Asset Management Company, and ICICI Lombard General Insurance Com...
On May 19, 2025, a two-judge bench comprising Justices J.B. Pardiwala and R. Mahadevan dismissed petitions filed by Vodafone Idea, Bharti Airtel, and the Tata Group under Article 32, which sought waivers on AGR interest and penalties. The court reaffirmed that the matter had been conclusively settled th...
Gurugram: Power Grid Corporation of India Limited (POWERGRID), a Maharatna PSU under the Ministry of Power, Government of India, has acquired ‘MEL Power Transmission Limited’, a project SPV with a cost of Rs 558 crore (NCT estimations) to establish a transmission system for the evacuation of...
Wealth management platform Syfe has raised $80 million in its extended Series C funding round as it doubles down on expanding its engineering and product teams in India, according to the company’s statement on Thursday, June 5, 2025. The raise includes a new $53 million equity injection (Series C2...
The Competition Commission of India (CCI) on Tuesday approved the proposed acquisition of up to 9.99 per cent of the paid-up share capital of IDFC First Bank by Current Sea Investments BV. The transaction involves Currant Sea Investments B.V. subscribing to 81,26,94,722 compulsorily convertible cumulati...
Sansera Engineering on Monday said that it entered into a long-term contract with Airbus Defence and Space for the manufacture, supply, and support of the Airborne Intensive Care Transport Module (ICTM). The deal is valued at approximately Rs 1,60 crore (USD 18.8 million). Under the agreement, Sansera w...
Tech giant Microsoft has cut hundreds of more jobs just weeks after reducing nearly 3 per cent of its global workforce in the AI era. As per a filing with Washington state’s Employment Security Department, 305 additional employees in Redmond, Washington have been asked to leave. A company spokespe...
Major layoffs are underway at the Walt Disney Company, affecting hundreds of employees across Disney Entertainment divisions, including marketing for film and television units, reported Deadline. Apart from these divisions, the layoffs will also affect the employees in the television publicity, casting,...
Zepto Dharavi Food Licence Suspension News: Quick commerce company Zepto has initiated an internal review and promised to fully cooperate with the authorities after an inspection unearthed serious food storage lapses at its Dharavi warehouse facility in Mumbai. The Maharashtra food regulatory authority...
LTIMindtree, a subsidiary of Larsen & Toubro, has emerged as a contender for the government’s major PAN Card 2.0 project worth around Rs 350 crore, sources told Zee Business. This will not impact the company’s financials but could play a pivotal role in improving market perception of the...
IndiGo on Sunday announced it has placed orders for another 30 Airbus A350, on top of the 30 orders already in place with the French aircraft manufacturer. Announcing the orders, IndiGo CEO Pieter Elbers said that the deliveries of the aircraft will start from 2027. “It was last year that IndiGo s...
ITC Limited will make its next investment in Andhra Pradesh, said Sanjiv Puri, Managing Director of the company and CII President, during the CII Annual Business Summit 2025 in the national capital. “The next investment we make will be in Andhra Pradesh, and then you will hear about it very soon,...
In a landmark development for the domestic defence sector, state-run shipbuilders Mazagon Dock Shipbuilders Ltd (MDL) and Hindustan Shipyard Ltd (HSL) are poised to sign a memorandum of understanding (MoU) to jointly build submarines—establishing the country’s first-ever dual-coast submarine production...
Vodafone Idea Q4 FY25 Earnings Preview: Vodafone Idea is set to report its financial results for the quarter as well as the year ended March 31 on Friday, May 30. Analysts expect the private sector telecom company to remain in losses amid a sequential fall in its average revenue per user (ARPU)—a key me...
Bajaj Auto Q4 FY25 Earnings: Pune-headquartered Bajaj Auto on Thursday reported a set of quarterly results that largely met analysts’ expectations. The motorcycle and commercial vehicle manufacturer announced a dividend of 2,100 per cent. Bajaj Auto Q4 FY25 Results Summary | Top-line and bottom-li...
Ola Electric Mobility Q4 Results: Investors in Ola Electric Mobility might be in for a jolt when markets open on May 30 as the fourth quarter earnings of the company released after market hours. Ola Electric Mobility Q4 Results Bhavish Aggarwal-led firm on Thursday reported a net loss of Rs 870 crore fo...
Sobha reported revenue of Rs 1,231 crore in this quarter from Rs 763 crore in March quarter of FY2024. The company’s net profit increased to Rs 41 crore in Q4FY25 which was Rs 7 crore in the same period previous year. Sobha shared its financial results for the fourth quarter of the financial year...
Hawkins Cookers on Wednesday announced the financial results for the quarter and financial year ended March 31, 2025. The Board has also approved a final dividend of Rs 130 per equity share with a face value of Rs 10 each for the financial year. Dividend payment date According to the company, the divide...
The Supreme Court on Wednesday upheld the delisting of ICICI Securities from the stock exchanges, rejecting a plea by an individual investor who challenged the share valuation process as being unfair. The investor, Manu Rishi Gupta, had questioned the delisting on the ground that a reverse book building...
Balrampur Chini shares are set to be in focus on Wednesday’s (May 28) session on Dalal Street. On Tuesday, the company signed an agreement with the Government of Uttar Pradesh to establish a 250 TPD polylactic acid (PLA) plant at its Kumbhi Chini Mills unit in Lakhimpur Kheri. According to the com...
LIC Q4 FY25 Results: Life Insurance Corporation (LIC), the country’s largest insurance provider, on Tuesday reported a standalone net profit of Rs 19,012.8 crore for the quarter ended March 31, marking a 38.1 per cent jump over the corresponding period a year ago that beat analysts’ estimates. Its...
BSNL Posts 2nd Consecutive Quarterly Profit FY25: Bharat Sanchar Nigam Ltd (BSNL) on Tuesday reported a rare, second straight quarter of profitability. Its net profit for the quarter ended March 31 came in at Rs 280 crore, marking a sequential increase of 6.9 per cent after posting a net profit of Rs 26...
Digital payments firm Worldline ePayments India Private Limited on Tuesday announced that it has received authorisation from the Reserve Bank of India (RBI) to operate as an Export-Import Payment Aggregator – Cross-Border. According to a statement from its parent firm Worldline India, this authori...
Info Edge (Naukri) Q4 FY25 Earnings Key Takeaways: Info Edge (India) on Tuesday reported a 7.7 times increase in its consolidated net profit crore for the quarter ended March 31 compared with the corresponding period a year ago. The year-on-year jump in net profit was better than analysts’ expectations....
LIC Q4 FY25 Results Preview: Life Insurance Corporation (LIC), the country’s largest insurer, is set to report its financial results for the quarter as well as the year ended March 31, 2025, on Tuesday, May 27. Analysts expect the life insurance PSU to stage a largely positive quarterly performance with...
The Supreme Court on Monday ordered status quo on the liquidation proceedings against Bhushan Steel and Power Ltd (BSPL). The top court was hearing a petition filed by BSPL parent JSW Steel, which sought a stay on the liquidation proceedings against the company it acquired in 2021 through insolvency pro...
The Supreme Court was hearing a petition filed by JSW Steel seeking a stay on the liquidation proceedings against BPSL. The Supreme Court was hearing a petition filed by BPSL parent JSW Steel, seeking a stay on the liquidation proceedings against the company it acquired in 2021 through insolvency proce...
A joint venture of Oil and Natural Gas Corporation Limited (ONGC), Hardy Exploration and Production (India) Inc., and Invenire Petrodyne has successfully commenced production from the PY-3 Field, located offshore in the Cauvery Basin on the east coast of India, ONGC said in a statement Sunday. Originall...
The northeastern region of India is emerging as the most promising frontier for the tourism and hospitality sector because of its unmatched natural beauty, diversity, local cuisines, and culture. To cater to the increasing number of tourists coming into the eight states of northeast India, especially ov...
Government-owned insurer Life Insurance Corporation of India (LIC) has earned a Guinness World Records title for selling the most life insurance policies in 24 hours. This historic achievement, verified by Guinness World Records, recognises the extraordinary performance of the corporation’s dedica...
The Life Insurance Corporation of India (LIC) has achieved a remarkable milestone, earning a prestigious title from Guinness World Records for the “Most Life Insurance Policies Sold in 24 Hours.” According to an official confirmation from Guinness World Records, LIC secured this global recognition on Ja...
New Delhi: The towering personality of Nita Ambani-Chairperson of the Reliance Foundation and wife of Indian business tycoon Mukesh Ambani made a roaring presence globally with her pet project-‘Nita Mukesh Ambani Cultural Centre (NMACC) opening in 2023. It was called the ‘India’s Met Gala...
The Enforcement Directorate (ED) has uncovered several benami properties and shell companies linked to former UCO Bank Chairman and Managing Director SK Goel. A source close to the development told Zee Business, “SK Goel and his family created several shell companies to receive kickbacks from Concast St...
ITC Q4 FY25 Results: ITC reported a consolidated net profit of Rs 19,561.57 crore for the March quarter (Q4 FY25), reflecting a 247 per cent year-on-year (YoY) surge from Rs 5,638 crore in the same period last year. The one-time exceptional income of Rs 15,163.06 crore from the demerger and sale of its...
Sun Pharma Q4 FY25 Earnings: Sun Pharma, a Mumbai-headquartered pharmaceutical giant, on Thursday reported a consolidated net profit of Rs 2,154 crore for the quarter ended March 31, missing analysts’ estimates. The quarterly net profit fell 19 per cent compared with the corresponding period a yea...
ITC- cigarette to hotels company is slated to report its March quarter results later today. As per analysts, the company’s Q4 earnings are not comparable year-on-year as the March quarter of the previous year also included the Hotels business. Notably, hotels demerger came into effect from January...
