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Vodafone Idea Ltd has appointed Tejas Mehta as its new Chief Financial Officer (CFO), effective October 6, marking another key change in the company’s top management. He will succeed Murthy GVAS, whose tenure ends on October 5, the telecom operator said in a regulatory filing on Friday. A chartere...
Union Consumer Affairs Minister Pralhad Joshi on Friday sent out a strong message to e-commerce companies to stop misleading customers with hidden charges or face strict action. Taking to his official handle on X, Joshi said adding unfair costs like extra fees for Cash-on-Delivery (COD) is nothing but a...
The Income Tax (I-T) department has levied two separate penalties on ACC Ltd, totalling Rs 23.07 crore, which the Adani Group-owned cement company plans to contest before the appellate authorities. The first penalty, amounting to Rs 14.22 crore, relates to Assessment Year (AY) 2015-16 and has been impos...
The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 5 lakh on Vikas Divyakirti-led Drishti IAS (VDK Eduventures Pvt. Ltd.) for publishing misleading advertisements related to the UPSC Civil Services Examination (CSE) 2022 results. Drishti IAS had claimed in its advertisements th...
As the earnings season for the second quarter of the current financial year is set to begin, banks are expected to report another soft performance, according to a report by Axis Securities. The brokerage firm highlighted that Q2 is likely to remain weak for the banking sector due to a combination of fac...
Tesla posted an unexpected jump in third-quarter sales, snapping a two-quarter slump that had raised questions about the electric carmaker’s momentum. A last-minute rush by US buyers to lock in a $7,500 federal EV credit before its September 30 expiry appears to have powered the rebound. The company rep...
India is the world’s fastest-growing major economy and is set to become the third-largest soon. But amid this economic rise, one big question keeps coming back: why doesn’t India have its own “Big Four” consulting and audit firms? While Deloitte, PwC, EY, and KPMG dominate globally, Indian firms still s...
OpenAI and South Korean tech giants Samsung and SK announced a partnership on Wednesday to provide chips and other solutions for Stargate, the company reported. This is a $500 billion project aimed at building an infrastructure connected to artificial intelligence. The announcement came after OpenAI CEO...
Hexaware Technologies on Wednesday declared a second interim dividend of Rs 5.75 per equity share (575 per cent) for the financial year 2025, according to a regulatory filing. The decision was taken at a board meeting held on October 1. Hexaware Technologies’ 2nd dividend record date The company said t...
The Competition Commission of India (CCI) has approved Jindal Power Limited’s acquisition of debt-laden Jaiprakash Associates Limited, the Press Information Bureau (PIB) reported on Tuesday, September 30. The transaction, cleared under the corporate insolvency resolution process (CIRP) of the Insolvency...
Alphabet-owned YouTube has agreed to pay $24.5 million to settle a lawsuit filed by US President Donald Trump over the suspension of his account following the January 6, 2021, attack on the US Capitol. The settlement was filed in a federal court in Oakland, California, on September 29. Reacting to the d...
RBL Bank has joined hands with Life Insurance Corporation of India (LIC), the country’s largest life insurer, for bancassurance business, according to a stock market disclosure today, September 30. This strategic collaboration will enable RBL Bank customers to access LIC’s comprehensive range of life in...
Amazon India has announced the expansion of Amazon Fresh to more than 270 cities across the country during the ongoing Amazon Great Indian Festival. The milestone reflects Amazon’s commitment to making everyday products, including fresh fruits and vegetables, groceries, household essentials, and r...
Moody’s Ratings on Monday revised Tata Motors’ outlook to negative from positive after a cyber attack forced a production halt at its UK-based subsidiary Jaguar Land Rover (JLR). The agency, however, affirmed the auto major’s Ba1 corporate family rating (CFR). Sweta Patodia, Assistant Vice President and...
Accenture has reportedly cut more than 11,000 jobs globally over the past three months, aiming to reshape its workforce for the AI era. The move comes even as the company plans to expand its headcount in the coming fiscal year. AI skills at heart of Accenture layoffs According to a foreign media report,...
Private sector telecom service provider Vodafone Idea has filed a fresh petition in the Supreme Court seeking a waiver of interest and penalty in the matter related to its adjusted gross revenue-related dues owed to the central government’s Department of Telecommunications (DoT), sources told Zee...
Samsung Heavy Industries said on Monday it has partnered with India’s Swan Defence and Heavy Industries to collaborate in shipbuilding and offshore engineering. Under a memorandum of understanding (MOU) signed earlier, the two companies will pursue cooperation in engineering, procurement and manag...
Several Indian pharmaceutical companies including Glenmark, Granules India, Sun Pharma, Zydus and Unichem are recalling medicines from the US market, according to the US Food and Drug Administration (USFDA). The recalls are related to manufacturing issues, impurities, and labelling errors, according to...
Indore-headquartered Patanjali Foods — part of yoga guru Ramdev-backed Patanjali Ayurved — on Friday announced it has signed a memorandum of understanding (MoU) the Union Ministry of Food Processing Industries (MoFPI), reflecting its long-term commitment to strengthening the country’s...
Indian Railway Catering and Tourism Corporation (IRCTC) has announced a limited-period discount on flight ticket bookings in partnership with airline IndiGo, to commemorate its 26th Foundation Day. The Navratna PSU — the only firm authorised by the Indian Railways to manage food services onboard t...
The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 2 lakh on Digital Age Retail, a private limited company that operates the popular Indian e-commerce platform FirstCry.com. The ecommerce firm was slapped with a penalty due to the misleading advertisement and unfair trade pract...
Hindustan Unilever Limited (HUL) said on Friday, September 26, that its sales in September were hit by temporary disruptions following recent changes in Goods and Services Tax (GST) rates. In a filing to the BSE, the company noted that while nearly 40 per cent of its portfolio now falls under a lower 5...
The Supreme Court on Friday adjourned hearing in the Vodafone Idea adjusted gross revenue (AGR) matter to October 6. The development follows the top court admitting the telecom operator’s petition challenging the Department of Telecommunications (DoT)’s demand for an additional levy for the...
The Supreme Court on Friday scheduled a hearing for Friday, September 26 on a plea filed by Vodafone Idea (Vi), challenging fresh Adjusted Gross Revenue (AGR) demands raised by the Department of Telecommunications (DoT) for the financial period up to FY 2016-17. DoT had issued a fresh AGR demand of Rs 9...
Hindustan Copper Ltd (HCL) reported its highest-ever annual revenue and profit after tax (PAT) in FY 2024-25, as the state-owned miner outlined expansion plans and sustainability targets at its 58th Annual General Meeting (AGM) held on Thursday, September 25. Record financial performance The company...
The NCLT has approved the merger of Piramal Enterprises Limited (PEL) with its wholly owned subsidiary, Piramal Finance Limited (PFL) on September 10, 2025. With this milestone, Anand Piramal will assume the role of Chairman of Piramal Finance. Ajay Piramal will continue to chair the Piramal Group. Dr S...
Prime Minister Narendra Modi on Thursday, September 25, signalled that Goods and Services Tax (GST) reforms would remain an ongoing process, saying the government intends to keep reducing the tax burden as the economy expands. Speaking at the inauguration of the Uttar Pradesh International Trade Show, h...
The US decision to impose a USD 100,000 fee on new H1-B visas for foreign workers will snip just 10-20 basis points from the operating margins of Indian information technology (IT) services companies next fiscal, with the pass-through estimated at 30-70 per cent, as per a Crisil Intelligence press relea...
Defence public sector undertakings Bharat Electronics Ltd (BEL) and Hindustan Aeronautics Ltd (HAL) are learned to have secured fresh deals from the country’s defence forces. BEL is likely to upgrade the electronic suites in the Indian Air Force’s Mi-17 helicopters, sources told Zee Business. The news c...
State-run BSNL is likely to launch its pan-India 4G services on Friday, sources told Zee Business. The 4G rollout will likely take place in the presence of Communications Minister Jyotiraditya Scindia, they said. The development is part of the state-run telecommunication company’s broader plans t...
A meeting was held at the Prime Minister’s Office at 5:30 pm, Tuesday to discuss consulting and auditing firms. The meeting saw the presence of the secretary and joint secretary of the Policy Division. According to sources, the MCA had brought a discussion paper on this issue, which remained the focus o...
Swiggy Limited has approved the transfer of its quick commerce business Instamart to an indirect wholly owned subsidiary, Swiggy Instamart Private Limited, in a restructuring aimed at improving operational efficiency and long-term growth. The board cleared the transfer on Tuesday, subject to shareholder...
The Air India Group has announced its operational roadmap for the upcoming Navi Mumbai International Airport (NMIA), saying its low-cost arm, Air India Express, will begin commercial services from the new facility in the first phase of operations. The announcement was made through an official press rele...
United Breweries Ltd (UBL), the Bengaluru‐based brewer under the Heineken Group, has officially relaunched its heritage strong beer brand Kalyani Black Label Strong in West Bengal, reviving a label long associated with the states beer culture. The brand is being reintroduced in 650ml bottles across lead...
Indian IT companies are expected to face only limited disruption following the US announcement of a $100,000 one time fee on new H-1B visa applications, according to market expert Anil Singhvi, managing editor of Zee Business. Singhvi suggested that the move is more “signal than shock” for the sector, w...
Patanjali Foods Ltd on Sunday announced a reduction in its retail prices across product categories, in order to pass on the benefit of GST 2.0 rates to its customers. The company — yoga guru Ramdev-led Patanjali Ayurved – said the revised prices cover its entire range of food and non-food categori...
Amid the looming implementation of US President Donald Trump’s overhaul of the H-1B visa programme, tech giants Amazon and Microsoft on Saturday advised their foreign employees holding H-1B and H-4 visas to immediately return to the United States and urged the H-1B holders to stay in the US...
Oil India Limited (OIL) and Hindustan Copper Limited (HCL) have signed a Memorandum of Understanding (MoU) to collaborate on exploration and development of critical and strategic minerals, including copper, the Press Information Bureau (PIB) reported on Friday. The partnership is aimed at reducing impor...
Eternal Ltd, the parent company of online food delivery giant Zomato, hit its 52-week high of Rs 340 per share on September 19, after the global brokerage firm Goldman Sachs raised the target price of the Eternal Stock and maintained a ‘buy’ rating on the stock. The stock closed at Rs 337.65...
Through a stock market filing on Thursday, September 19, fintech platform MobiKwik confirmed a technical glitch on its app that caused the company to lose Rs 40 crore. “MobiKwik confirms that an isolated technical issue on September 11 and September 12, 2025, led to certain failed transactions bei...
Nvidia, the world’s most valuable chipmaker, announced on Thursday that it will invest $5 billion in Intel and partner with the struggling semiconductor giant. The two companies will jointly work on custom data centers powering artificial intelligence infrastructure as well as next-generation PC product...
DBS Bank India has been authorised by the Reserve Bank of India (RBI) as an Agency Bank to collect Goods and Services Tax (GST) payments–making it the only wholly-owned subsidiary in India to receive this approval. With this authorisation, DBS Bank India will now allow its customers to make GST pa...
The Indian pharmaceutical sector is expected to achieve 7-9 per cent revenue growth in FY 2026, driven by strong domestic and European demand, despite a significant slowdown in its US market, a report said on Thursday. Ratings agency ICRA, in a report, said that global headwinds and regulatory uncertain...
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday deferred a hearing in the Vedanta case to October 8. The government accused Vedanta of using the demerger scheme as a tactic to avoid clearing dues owed to it. Vedanta shares ended 1.2 per cent lower at Rs 456.1 apiece on BSE aft...
One 97 Communications, the parent company of Paytm, has launched Paytm Postpaid as a Credit Line on UPI, in partnership with Suryodaya Small Finance Bank (SSFB), according to a stock market filing today, September 17. This will help consumers with instant short-term credit, offering the convenience of ‘...
The Income Tax Department has launched a nationwide survey on FMCG company Marico, sources told Zee Business. Around 200 income tax officials are deployed in the exercise, the sources added. The survey is led by the Mumbai-based income tax investigation unit. At the time of publishing this report, Zee...
Alphabet Inc., the parent company of Google, has crossed a market capitalisation of $3 trillion, becoming only the fourth publicly listed firm to reach this milestone after Apple, Microsoft and Nvidia. The company’s stock climbed 4.3 per cent to close at $251.22 on 15 September 2025, lifting its market...
Euro Pratik Sales Ltd opened its initial public offering (IPO) today, September 16, for subscription. The price band has been set between Rs 235 and Rs 247 per equity share with a face value of Re 1. The IPO aims to raise Rs 451.31 crore through an Offer for Sale (OFS) by the promoters. The ...
Bajaj Holding Interim Dividend Declared: Bajaj Holdings & Investment Limited (BHIL) on Tuesday announced an interim dividend of Rs 65 per equity share, a 650% per cent payout given the face value of Rs 10 per equity share for the financial year ending 31 March 2026. “An Interim Dividend of Rs....
Spicejet Boeing 737 Aircraft: Private sector airline SpiceJet said on Tuesday it has finalsed lease agreements for eight Boeing 737 aircraft. The latest addition is set to take additions to the airline’s winter schedule fleet to 18 aircraft. The development comes as India prepares for the festive...
