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.”
NBFC firm Credit Saison India has secured USD 300 million (about Rs 2,250 crore) through its maiden syndicated and bilateral External Commercial Borrowings (ECB) to drive growth. This milestone marks Credit Saison India’s first external fund-raise to expand business operations, drive digital trans...
The National Company Law Appellate Tribunal (NCLAT) has dismissed IDBI Bank’s plea challenging a National Company Law Tribunal (NCLT) order that rejected the private lender’s request for insolvency proceedings against Zee Entertainment Enterprises Ltd (ZEEL). NCLAT is the appellate body for the decisio...
Metropolis Healthcare Ltd on Monday said it will acquire Ahujas’ Pathology and Imaging Centre (DAPIC), Dehradun for Rs 35.01 crore. The company has entered into a business transfer agreement to acquire DAPIC, Metropolis Healthcare Ltd said in a statement. Under the agreement, Metropolis’ who...
Stock to Track: Lemon Tree Hotels shares are set to be in focus during Monday’s trading session on Dalal Street. The hospitality chain has announced the signing of a new property in Vrindavan, Uttar Pradesh.The proposed 120-room property will be managed by Carnation Hotels, a wholly-owned subsidiary of...
Stock to Track: Tata group company Trent’s shares are set to be in focus during Monday’s trading session on Dalal Street. According to a business update, Trent’s standalone revenue increased 28 per cent to Rs 4,334 crore in the final three months of the financial year 2024-25. Also, the Tata group firm...
Stock to Track: Motilal Oswal Financial Services shares are set to be in focus on Dalal Street during the coming session on Monday, April 7. Motilal Oswal Financial Services has announced the establishment of a wholly-owned subsidiary, Motilal Oswal International Wealth Management Ltd (MOIWML), in the D...
Rinshul Chandra, Chief Operating Officer of Zomato’s Food Delivery business, has tendered his resignation, the company has said in a regulatory filing. Chandra has resigned with effect from April 5 “to pursue new opportunities and passions”, Zomato stated in the filing on Saturday. In...
Food delivery platform Swiggy said on Saturday that it has received a retrospective tax assessment order amounting to Rs 7.6 crore from the Pune tax authorities. In a regulatory filing, the Bengaluru-headquartered company said the assessment order was for the financial year 2021-22. The order, issued...
Tata Group retail firm Trent Ltd standalone revenue for the March quarter rose 28.2 per cent to Rs 4,334 crore, as per a quarterly update filed by the company on Saturday. For the financial year that ended on March 31, 2025, Trent’s standalone revenue rose 39 per cent to Rs 17,624 crore. It was at...
Logistic firm Delhivery on Saturday said it will acquire a controlling stake in Ecom Express Ltd for a cash consideration of Rs 1,400 crore from its shareholders. Delhivery in an exchange filing said the completion of the transaction is subject to approval from the Competition Commission of India, and c...
Tata Steel on Friday said it has received an order for reassessing taxable income for financial year 2018-19 and increasing the taxable amount by over Rs 25,000 crore, and the company has moved the Bombay High Court against the reassessment. Tata steel said in a stock exchange filing that the assessment...
Prime Minister Narendra Modi said on Saturday that his government’s nod to four multi-tracking railway projects will improve connectivity infrastructure, boost convenience, reduce logistics costs and strengthen supply chains. He was reacting to the Union Cabinet’s approval for four projects...
The government’s 2.83 per cent stake sale in Mazagon Dock Shipbuilders was over-subscribed by institutional investors on Friday who put in bids of about Rs 3,700 crore. The government is selling 1.14 crore equity shares or 2.83 per cent stake in Mazagon Dock Shipbuilders at a floor price of Rs 2,5...
As per the approval, the bond size will be Rs 1,500 crore with a green shoe option of Rs 4,500 crore, Powergrid said in an exchange filing. The bonds will be redeemable at par after 10 years, and interest will be paid annually, it said. Image | Pixabay/Representational Doonited Affiliated: Syndicate New...
Vedanta Ltd reported a 1 per cent year-on-year (YoY) growth in aluminium production, reaching 6.03 lakh tonnes in Q4FY25 compared to 5.98 lakh tonnes in the same quarter last year. However, the company’s Lanjigarh refinery saw a decline in aluminium production, which fell 11 per cent YoY to 4.31 lakh to...
On April 1, the Supreme Court upheld Piramal Capital and Housing Finance’s proposed resolution plan for the erstwhile Dewan Housing Finance Corporation Ltd (DHFL). According to the apex court’s order, funds recovered from the fraudulent transactions at DHFL will go to Piramal Capital & Housing Finan...
HDFC Bank shares gained over 1 per cent in early trade after the lender posted a strong Q4FY25 business update. The bank reported a 5.4 per cent year-on-year (YoY) growth in gross advances, reaching Rs 26.43 lakh crore, while deposits jumped 14.1 per cent YoY to Rs 27.14 lakh crore. The performance unde...
Capital markets regulator Securities and Exchange Board of India (Sebi) has issued an administrative warning letter to IIFL Capital for regulatory non-compliance. The administrative warning letter dated April 1, was received by the company on April 2, 2025, IIFL Capital said in a regulatory filing on Th...
Markets regulator Sebi on Thursday exempted the government from making an open offer to the shareholders of Vodafone Idea Ltd (VIL) following its proposed acquisition of just over 34 per cent stake in the telecom operator on the conversion of spectrum dues into equity. In its order, Sebi Whole Time Memb...
The State Bank of India on Thursday said it has entered into a tie-up with global banking major Citi under which India’s largest lender will be onlending USD 295 million, or over Rs 2,500 crore of loans, to the country’s farmers. The two financial sector entities have entered into a partners...
State-owned Bank of Baroda (BoB) on Thursday said it has posted a credit growth of 12.8 per cent to Rs 12.3 lakh crore for the March quarter. Total advances were Rs 10.9 lakh crore at the end of March 2024, BoB said in a regulatory filing. The lender reported 10.25 per cent rise in total ...
US-based auditor PwC has submitted its report to IndusInd Bank’s board after auditing the lender’s books amid suspected accounting discrepancies in its derivatives portfolio, sources told Zee Business. The Mumbai-based private sector bank, which had hired accounting firms PwC and UK-based Grant Thornton...
IndiGo on Wednesday announced the expansion of IndiGoStretch for a new route starting on April 15, 2025. The airline has added the Delhi-Hyderabad route to its network. Fares for the Delhi-Hyderabad route start at Rs 18,320. Prices for other key business routes include Rs 21,000 for Delhi-Chennai and De...
The Reserve Bank of India (RBI) fined as many as 28 companies, including HDFC Bank and Punjab & Sind Bank, within a span of two days, according to official communications. The penalties slapped on the companies over alleged non-compliance to its rules and guidelines. The fines amount to almost Rs 3...
The project marks Mahindra Susten’s entry into another state, further strengthening its business footprint as a renewable independent power producer (IPP), the company said. This ambitious and the largest solar power project in the state, which will supply clean energy to four Swaraj Tractor manuf...
Coal India Price Hike: Coal India Ltd (CIL), the PSU contributing the lion’s share of the country’s coal production, on Tuesday announced higher rates of the dry fuel for regulated and non-regulated sectors. The new rates, approved by the CIL board on April 1, will come into force on April 16, the publi...
Fair trade regulator CCI on Tuesday approved wealth management entity 360 ONE and Claypond Capital Partners’ proposal to jointly acquire stakes in digital healthcare platform API Holdings. API Holdings provides healthcare services through its subsidiaries such as aknamed, Pharmeasy, Docon, Thyroca...
Tata Group retail chain Croma on Monday announced the appointment of Shibashish Roy as its new Chief Executive Officer & Managing Director, effective April 1. Roy was named CEO in November 2024 and worked alongside outgoing Managing Director Avijit Mitra during a transition period that concluded in...
With the Income Tax Department imposing a penalty of Rs 944.20 crore on IndiGo, India’s largest airline has termed the order “erroneous” and vowed to challenge it legally. The airline’s parent company, InterGlobe Aviation, received the order on Saturday. In a regulatory filing on...
State gas utility GAIL (India) Ltd will start receiving LNG under a five-year 12 cargoes per year deal from Qatar Energy Trading from next month as it augments sourcing to meet rising demand of the world’s fastest growing economy. “Purchases under the deal will start from April,” GAIL...
Yes Bank on Saturday said it received a tax demand notice of Rs 2,209 crore for the assessment year 2019-20. According to the bank’s regulatory filing, the Income Tax Department reopened the assessment in April 2023. The reassessment order, issued by the National Faceless Assessment Unit on March 28, di...
Force Motors on Saturday said it has received an order for 2,978 vehicles from the Indian defence forces. The vehicles are tailored to meet the diverse operational requirements of both the Indian Army and the Indian Air Force, showcasing the company’s capability to deliver mission-ready vehicles d...
Tamilnad Mercantile Bank inaugurated six new branches under its expansion plan across the country, including a new branch in Ayodhya, Uttar Pradesh, a top official said. The Tuticorin-based bank inaugurated a branch in Rathinapuri, Coimbatore; two branches in P N Road and Peruntholuvu in the Tiruppur di...
Entrepreneur Elon Musk has announced that his artificial intelligence company, xAI, has acquired the social media platform X in an all-stock transaction valued at $33 billion. According to Musk, the merger “values xAI at $80 billion and X at $33 billion ($45 billion less $12 billion in debt)” and aims t...
ICICI Prudential Life Insurance on Friday said it has received a demand notice of Rs 328.41 crore for the assessment year 2023-24. The demand notice has been sent by the Assistant Commissioner of Income-Tax, Maharashtra, ICICI Prudential Life Insurance said in a regulatory filing. Doonited Affiliated:...
Gautam Adani Latest News: A session court in Ahmedabad is likely to send a notice to industrialist Gautam Adani soon, having received a direction from the Law Ministry containing a summon from the US Securities and Exchange Commission (SEC), according to sources. In a letter addressed to the district ju...
HCL Technologies (HCLTech) has been selected as a Design Solution Partner (DSP) under the Samsung Advanced Foundry Ecosystem program, a release said on Thursday. The strategic partnership between HCLTech and Samsung aims to accelerate semiconductor innovation and development, leveraging the Noida-headqu...
Bank of India and New India Assurance have entered into a strategic partnership to offer a wide range of general insurance products to customers of the public sector bank. With this tie-up, Bank of India’s customers will have access to insurance solutions, including health, motor, personal acciden...
Infosys has once again laid off trainees from its Mysuru training campus, this time terminating around 30 to 45 individuals after they failed to clear internal assessments. The company, however, has provided them with alternative career options, including training in its Business Process Management (BPM...
State-owned Housing and Urban Development Corporation Ltd (HUDCO) is planning to raise up to Rs 2,000 crore through the issue of bonds on a private placement basis. In a regulatory filing on Thursday, HUDCO said the Bond Allotment Committee has approved the raising of bonds as unsecured, taxable, redeem...
The Bureau of Indian Standards (BIS) has conducted extensive raids on Amazon and Flipkart warehouses here, seizing thousands of products lacking proper quality certifications, the government said on Thursday. In a 15-hour operation on March 19 at an Amazon Sellers Pvt Ltd warehouse in Mohan Cooperative...
The Reserve Bank on Wednesday said it has imposed penalties on HDFC Bank and Punjab & Sind Bank for deficiencies in regulatory compliance. A penalty of Rs 75 lakh on HDFC Bank has been imposed for non-compliance with certain directions issued by RBI on ‘Know Your Customer’ (KYC), the cen...
Construction giant Larsen and Toubro (L&T) on Wednesday said it received an “ultra mega order” from QatarEnergy LNG. That marked the Indian company’s largest-ever single order. The contract was part of the North Field Production Sustainability Offshore Compression Project (NFPS COM...
Waaree Renewable Technologies Ltd on Wednesday said it has secured a new solar project worth Rs 232.30 crore from a domestic entity. The project will contribute significantly to carbon offset efforts, reducing an estimated 225,000 metric tonnes of CO2 emissions. Image source: Pixabay/Representational Do...
GAIL (India) Limited and Coal India Limited on Tuesday announced the formation of a joint venture, Coal Gas India Limited, to expand the use of synthetic natural gas. The company has been set up with an authorised share capital of Rs 11 crore, as per a notification to the stock exchanges. Coal India wil...
Maharatna company BHEL announced that it has received a huge order worth Rs 7,500 crore, as disclosed to the stock market. The company bagged this order from Gujarat State Electricity Corporation Limited i.e. GSECL. At Rs 358 apiece, JM Financial’s target price means an upside of 69 per cent in th...
Air India on Saturday announced that its flights to and from London Heathrow (LHR) are back on schedule after a brief disruption caused by a power outage at the airport Friday. Sharing the post on X, the airline confirmed that today’s flight AI111 departed on time, and all other flights to and fro...
Rasna International will extend its retail network to 100,000 outlets by the end of 2026, targeting a growth of 30 per cent, said Rasna Chairman Piruz Khambatta. Speaking to ANI, Rasna Chairman said, “We expect a growth of 25 to 30 per cent this year. We expect a growth in our exports as Rasna is...
In more trouble for cash starved private sector airline SpiceJet, Indonesia-based aircraft lessor PT BBN Airlines has filed an insolvency petition against the Indian company over certain outstanding payments. The petition was filed in the Delhi unit of insolvency court National Company Law Tribunal (NCL...
