Doonited News “Stay updated with the latest business news, trends, and insights on Doonited. From corporate announcements to market analyses and industry updates, our business section provides in-depth coverage of key developments in the world of business. Whether you’re an entrepreneur, investor, or business enthusiast, find valuable information that helps you make informed decisions and stay ahead in the fast-paced world of commerce. Read breaking news, reports, and expert opinions—tailored for professionals and business-minded individuals.”
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...
Wipro posted a net profit of Rs 3,569.6 crore for the March 2025 quarter, marking a 6.4 per cent sequential rise, even as revenue growth remained flat. The company’s gross revenue stood at Rs 22,504.2 crore, up marginally from the previous quarter. Operating margins came in at 17.5 per cent, expanding b...
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...
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...
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 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. Apart from ...
Despite having an illustrious four-decades-long, and counting, career in the financial domain, Sunil Mehta is making headlines once again with some sections of the market asking questions about his code of conduct. This comes at a time when IndusInd Bank has denied reports that PwC has submitted a repor...
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...
Amazon Fresh has registered a growth in Jaipur market with 90 per cent of customers in the city returning on the e-commerce platform for repeat purchases, a company official said on Thursday. “The service has strengthened its local roots through Paota Collection Center, which has expanded from 26...
IT behemoth Tata Consultancy Services (TCS) released its March quarter results on Thursday. For the reporting quarter, the company’s revenue has been recorded at Rs 64,479 crore. This is lower than Zee Business research estimates of Rs 64,591 crore, which estimated a 1 per cent rise in revenue qua...
Indian IT services provider, Tata Consultancy Services (TCS), has declared a final dividend of Rs 30 a share for FY2024–25. This takes the combined dividend payment for the year to Rs 126 a share, which is higher than the Rs 73 dividend paid in FY24 by a whopping 73 per cent. The company’s board o...
Biocon Biologics, a subsidiary of Biocon Ltd, announced on Thursday that it has received approval from the United States Food and Drug Administration (USFDA) to market Jobevne (bevacizumab-nwgd), a biosimilar to the oncology drug Avastin (bevacizumab), for intravenous administration. In a filing, the co...
Sun Pharmaceutical Industries Ltd on Thursday said a US court has ruled in its favour and vacated a preliminary injunction effective immediately removing restrictions on it launching LEQSELVI, a drug used to treat autoimmune disorder that causes patchy hair loss. Sun Pharma has been locked in a patent i...
JSW Neo Energy Ltd., the green energy arm of JSW Energy, has completed its largest ever acquisition by acquiring O2 Power Pooling Pte Ltd’s 4,696 MW renewable energy platform. The all-equity deal of Rs 12,468 crore sizably increases JSW’s renewable portfolio and positions it strongly on the...
India’s IT bigwigs enter the March quarter earnings season dragged down by macro concerns overseas, lacklustre client expenditures, and broker downgrades galore. The season kicks off today with Tata Consultancy Services (TCS), and not much is likely to cheer in the short term, analysts believe. No...
IT bellwether Tata Consultancy Services (TCS) is set to kickstart earnings season officially with the announcement due on April 10 (Thursday). Zee Business research expects bluechip IT major to largely post flattish results for the March quarter. In the March quarter, the company’s consolidated ne...
Sunil Mehta’s name is appearing in headlines once again, with a section of investors raising concerns about his code of conduct as the bearer of the top office of a large bank. Currently serving as Chairman of Mumbai-based private sector lender IndusInd Bank, Mehta has worn many hats in the financial do...
Vodafone Idea has issued and allotted 3,695 crore equity shares aggregating to Rs 36,950 crore to the Department of Investment and Public Asset Management (DIPAM), following the government’s recent decision to convert the debt-laden telco’s spectrum auction dues into equity. After the allotm...
The Odisha government has allocated land to renewable energy firm Inox Solar for the development of a solar cell and module manufacturing plant in Dhenkanal. The subsidiary of Inox Clean, which is part of the INOXGFL Group, secured this land acquisition for an energy manufacturing capacity of 4.8 GW eac...
Cochin Shipyard (COCHINSHIP) Share Price Latest News: Cochin Shipyard, a Miniratna public sector undertaking, is likely to secure a major order from France’s CMA CGM, sources told Zee Business. The likely LNG-powered ship order comes days after the Indian and and French companies’ officials met in Singa...
Godrej Properties posted its highest-ever quarterly sales bookings in the fourth quarter of FY25, hitting Rs 10,163 crore, a 7 per cent year-on-year rise, the company said in a regulatory filing. Sustained demand across residential markets and successful new launches drove this robust performance. FY25...
Domestic equity benchmarks slumped around 3.0 per cent each on Monday, April 7, amid fears globally that the ongoing trade war will cost GDP expansion in the world’ s largest economy while delaying reduction in headline interest rates. The sell-off left investors poorer by Rs 14 lakh crore as the market...
Bengaluru-based coffeehouse chain operator Coffee Day Enterprises on Monday said its total default amounted to Rs 425.4 crore, as of march 31. That included payments towards interest and repayments of principal on loans from banks, financial institutions and unlisted debt securities as NCDs and NCRPS, a...
Navratna Defence PSU News Update, Stock to Track: Navratna public sector enterprise Bharat Electronics Ltd (BEL) said on Monday that it had secured a deal worth Rs 2,210 crore from the Ministry of Defence. The order involves the supply of an EW Suite for Mi 17 V5 Helicopters of Indian Air Force (IAF), a...
Kalyan Jewellers (KALYANKJIL) Q4 Update: Kalyan Jewellers—a Kerala-headquartered jewellery manufacturer and retailer—reported 37 per cent rowth in its consolidated revenue in the January-March period, describing the period as a “very fulfilling” quarter. The company’s quarterly business update comes as...
Titan Q4 FY25 Update, Tata Group Stock News: Bengaluru-headquartered luxury and lifestyle products maker Titan said on Monday that its revenue grew 25 per cent over the corresponding period a year ago in the quarter ended March 31. The Tata group jewellery-to-watches maker—whose popular brands include F...
After the recent launch of its 5G services in Mumbai, Vodafone Idea on Monday said it has now expanded these services to major cricket stadiums across 11 cities. Cricket fans will be able to experience Vodafone Idea’s 5G in stadiums in Ahmedabad, Bengaluru, Chandigarh, Chennai, Delhi, Hyderabad, J...
