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.”
The Central Bureau of Investigation (CBI), the country’s premier investigative agency, has arrested Power Grid Corporation’s senior general manager Uday Kumar and KEC International executive Suman Singh over a matter related to alleged bribary of Rs 2.5 lakh. The duo was held on charges on alleged excha...
Global private investment firm Bain Capital has entered into definitive agreements to acquire joint control in Kerala-based non-banking financial company (NBFC) Manappuram Finance, the second-largest gold financier in India. The investment, made through Bain Capital affiliates BC Asia Investments XXV L...
Accenture Q2 Earnings News Latest: Ireland-headquartered professional services company Accenture has staged a largely strong financial performance for the December-February quarter, with a 6.8 per cent year-on-year jump in net profit to $1.788 billion. Accenture—whose earnings are tracked closely on Dal...
Refuting reports suggesting that a Rs 750 crore fraud case was registered against Edelweiss, the financial services firm shared a list of complete facts on Sunday. The matter relates to reports suggesting that the Mumbai police force’s Economic Offences Wing (EOW) had registered a case against the finan...
The board meeting of Manappuram Finance is set to commence today, Thursday (March 20, 2025), to discuss and evaluate a proposal for raising funds. The company announced that the funds may be raised through equity shares, warrants, or other securities convertible into equity shares. In an exchange filing...
Lip-Bu Tan took over as Intel’s new Chief Executive Officer on Tuesday as he navigates efforts to turn around the struggling semiconductor giant. He was appointed by the Board of Directors of Intel Corporation on March 10. Notably, after his appointment, Intel shares have risen nearly 29 per cen...
The central government recently upgraded Indian Railway Catering and Tourism Corporation (IRCTC) and Indian Railway Finance Corporation (IRFC) to Navratna status, making them the country’s 25th and 26th companies in this category. With this, all seven listed Central Public Sector Enterprises (CPSEs) und...
Technology-enabled logistics solutions provider Ecom Express has announced a strategic partnership with Truecaller for business to drive reliable and secure customer communication and enhance trust in logistics interactions. Ecom Express, which serves thousands of online sellers, direct to consumer or D...
Quick commerce platform Swiggy Instamart on Monday said it has expanded its reach to 100 cities across India responding to the growing demand for 10-minute deliveries, particularly in tier II and III cities. With this expansion, millions of new customers now have access to over 30,000 products, from gro...
The Reserve Bank of India (RBI) on Saturday (March 15) issued a statement addressing recent speculations surrounding IndusInd Bank. The central bank aims to reassure depositors and stakeholders regarding the bank’s financial health. RBI said, IndusInd Bank maintains a robust financial position wit...
India witnessed a record-breaking surge in deal activity in February, with 226 M&A and private equity deals totaling USD 7.2 billion — the highest monthly deal volume in the last three years, according to the Dealtracker report of Grant Thornton Bharat. “This represents a 67 per cent inc...
The Reserve Bank of India (RBI) on Thursday said that it had imposed penalties on two entities: JM Financial Products and Experian Credit Information Company of India. The action was over alleged lapses in regulatory compliance. In a press release, the RBI announced a penalty of Rs 3.1 lakh on JM Financ...
The Punjab Transport department on Thursday signed an agreement with Indian Oil Corporation under which the state-owned undertaking buses would get diesel at an enhanced discounted rate. State transport minister Laljit Singh Bhullar said with this Memorandum of Understanding (MoU), the state government...
The government should withdraw the mandatory quality control norms on steel fasteners, as their implementation will severely disrupt industrial supply chains and create unnecessary regulatory bottlenecks, economic think tank GTRI said on Wednesday. The Global Trade Research Initiative (GTRI) said the BI...
Mining conglomerate Vedanta Ltd repaid a USD 900 million high-cost loan through a mix of QIP proceeds and a new USD 350 million facility at a lower interest rate, resulting in USD 550 million net deleveraging and further strengthening of its balance sheet, sources said. The loan, taken by subsidiary THL...
Ola Electric on Wednesday said it has successfully completed a company-wide initiative to reduce cost and improve customer experience. The company has successfully implemented Network Transformation and Opex Reduction programme, a company-wide initiative launched in November 2024, Ola Electric Mobility...
A whistleblower has alleged that accounting firm Ernst & Young (EY) had manipulated edtech firm BYJU’s CIRP process. However, the most alarming revelation by the whistleblower is how a legitimate settlement was deliberately derailed to keep Byju’s in insolvency. The whistleblower said that EY...
Life Insurance Corporation of India (LIC) recorded a 28.29 per cent surge in group yearly renewable premiums and a 7.9 per cent rise in individual premiums during the first 11 months of FY25, according to the latest industry data. As of February 2025, LIC’s total premium collection stood at Rs 1.9...
TCS Acquires Commercial Real Estate Company News: Tata Consultancy Services (TCS), the country’s largest IT services exporter, on Tuesday said that it would acquire Darshita Southern India Happy Homes, a commercial real estate company, for a cash consideration of Rs 2,250 crore. After the transaction, t...
The RBI on Tuesday said with the normalisation of post-pandemic pent-up demand conditions, the growth in net sales of select FDI companies moderated to 9.3 per cent during 2023-24 from the high of 20.3 per cent in the previous year. The Reserve Bank released the data relating to financial performance of...
Global technology company Zoho launched Projects Plus, a new collaborative platform that offers data and intelligence-driven project management for mid-sized and large corporations, the company said on Tuesday. By integrating four key Zoho applications—Projects, WorkDrive, Analytics, and Sprints—Project...
Domestic brokerage HDFC Securities on Tuesday settled with markets watchdog Sebi a case pertaining to alleged non-compliance with regulatory norms on payment of Rs 65 lakh towards settlement amount. The order came after the company filed an application with Sebi proposing to settle the alleged violation...
The Competition Commission of India on Tuesday cleared ONGC-NTPC Green’s proposal to acquire renewable energy firm Ayana for Rs 19,500 crore (USD 2.3 billion). ONGC-NTPC Green Pvt Ltd (ONGPL), a 50:50 joint venture between ONGC Green (OGL) and NTPC Green Energy Ltd (NGEL). “The proposed comb...
Bharti Airtel announced an agreement with SpaceX (founded by Elon Musk) to bring Starlink’s high-speed internet services to its customers in India. This partnership depends upon SpaceX receiving the necessary clearances to market Starlink’s satellite-based communications services in India. I...
CG Power and Industrial Solutions announced on Tuesday that it has secured an order worth Rs 450 crore for supplying railway products for Vande Bharat trainsets. In addition to this purchase order, a separate 35-year service agreement is also part of the long-term contract, the company said. “CG P...
The Securities and Exchange Board of India (SEBI) has issued an administrative warning to IIFL Capital Services over lapses in due diligence related to debt securities, the company disclosed in an exchange filing on Tuesday. The warning letter, dated March 7, follows SEBI’s inspection of the company’s m...
The National Company Law Tribunal (NCLT) has directed that the resolution plans to acquire Jaiprakash Associates through the insolvency process should be invited for the entire company as a going concern and not by dividing its different business verticals. NCLT has said ‘Form G’ published b...
Swiggy on Monday announced the launch of the “Fasting Mode” feature that offers users the flexibility to pause food notifications whenever they observe a fast. Starting with Ramzan and extending to other fasting periods such as Navratri, this feature does not interfere during fasting hours w...
The Ministry of Corporate Affairs (MCA) is closely monitoring EY’s role in Byju’s insolvency case and may initiate an investigation, sources revealed. The development follows whistleblower allegations raising serious concerns over EY’s conduct in the Corporate Insolvency Resolution Process (CIRP) of Byj...
Sun Pharmaceutical Industries Ltd has announced an agreement to acquire Nasdaq-listed Checkpoint Therapeutics, an immunotherapy and targeted oncology company, in a move aimed at strengthening its onco-dermatology portfolio. The acquisition will be for an upfront cash payment of 4.10 dollars per share, a...
Maruti Suzuki India (MSI) on Saturday said it has joined hands with Hero FinCorp for vehicle finance. As per the MoU inked between the entities, the partnership will leverage the automaker’s wide-reaching network and Hero FinCorp’s tailored financial solutions for new and pre-owned car loans...
SpiceJet is facing fresh round of troubles as three Ireland-based aircraft lessors and a former pilot have filed insolvency pleas in NCLT against the budget carrier, claiming defaults. Three lessors – NGF Alpha, NGF Genesis and NGF Charlie- have filed petitions under Section 9 of IBC, seeking init...
The Securities and Exchange Board of India (SEBI) has issued an administrative warning to FMCG major Nestle India for violating insider trading regulations, the company informed exchanges on Friday. The warning, issued by the SEBI’s Deputy General Manager, was sent to the company’s Complianc...
Swiggy on Friday said it has expanded its food delivery service, in partnership with IRCTC, to 100 railway stations across 20 states in India. In the coming months, the food and grocery delivery platform will continue to expand its reach to more stations across the length and breadth of the country, Swi...
Inox Wind Ltd (IWL) on Friday said it has secured a new order for supply of 51 wind turbines in Tamil Nadu from a global clean energy player. Each turbine will have a capacity of 3 megawatt (MW), taking the total capacity of the order to 153 MW, Inox Wind said in a statement. “Inox ...
The Income Tax (I-T) Department initiated a search operation on Parle Products, the maker of Parle-G and Bisleri today (Fbruary 7, 2025). The income tax search is regarding the disclosure of foreign assets. Parle Products manufactures brands such as Monaco, Krackjack, Bourbon, Marie Gold, Hide & See...
The Securities and Exchange Board of India (SEBI) on Thursday warned the public against buying or dealing with any properties belonging to Sunshine Global Agro and its directors. The market regulator issued this cautionary notice after discovering that some individuals or entities were illegally purchas...
CitiCorp Investment Bank (Singapore) Ltd on Thursday settled with Sebi a case relating to issuance of offshore derivative instruments to Symmetry Master Fund Ltd without completing the KYC norms, on payment of Rs 36 lakh. This came after CitiCorp filed a suo motu settlement application with Sebi proposi...
As many as five current and former officials of Add-Shop E-Retail Ltd (ASERL) and White Organic Agro Ltd (WOAL) on Thursday settled a case with Sebi pertaining violation of regulatory norms and made a payment of Rs 95.55 lakh towards the settlement amount. ASERL is into the business of manufacturing, ma...
FMCG major Britannia Industries informed today (March 6) that its Chief Executive Officer (CEP) Rajneet Singh Kohli has resigned to pursue an opportunity outside the company. Kohli had joined Britannia in September 2022. According to a regulatory filing, he submitted his resignation on March 5, 2025....
The disinvestment process of IDBI Bank is progressing rapidly, with technical bidders completing their due diligence—a crucial step before the opening of financial bids. A source close to the development told Zee Business, “Recently, the technical bidders of IDBI Bank have completed the due diligence pr...
Gensol Engineering Ltd (GEL) on Wednesday said proceeds from the series of asset divestments will be used to reduce debt as it looked to address concerns around recent credit rating downgrades. Acknowledging the credit rating downgrades by CARE and ICRA, the firm said that it has happened due to a short...
The Central Bureau of Investigation (CBI) has registered a first information report (FIR) case against Jai Corp director Anand Jain over alleged fraudulent activities. Jain along with his group of companies Urban Infrastructure Venture Capital and Urban Infrastructure Trustees, in relation to funds mobi...
The Income Tax Department on Wednesday carried out extensive raids at the corporate offices and premises of the County Group and its associated construction company in Noida over allegations of tax evasion and financial irregularities. Officials said around 30 teams from the department’s Noida uni...
Human resource tech platform Darwinbox on Wednesday said it has raised USD 140 million in a funding round co-led by private equity firm Partners Group and investment firm KKR.The company plans to use the fund for its international expansion. “Darwinbox announced the signing of definitive agreement...
Public sector oil marketing firm HPCL on Wednesday (March 5) has joined hands with Tata Motors to launch a co-branded diesel exhaust fuel ‘Genuine DEF’. The co-branded diesel exhaust fuel will be sold at 23,000 Hindustan Petroleum Corporation Limited (HPCL) gasoline stations across India, as...
Ola Electric Mobility on Tuesday said its wholly-owned subsidiary has received a letter from IFCI for missing out on targets specified under the Production Linked Incentive Advanced Chemistry Cell scheme (PLI ACC). As per the government sources, the company did not meet production and investment-related...
Refuting reports about the delayed salary hikes, IT firm Cognizant on Tuesday said there will be no delay in its cycle and merit increases for eligible employees will be rolled out in August. The New Jersey-headquartered firm, in a statement, said it will also be paying bonuses to eligible associates in...
IT solutions firm Coforge has entered into a 13-year partnership with travel technology company Sabre Corporation, according to a regulatory filing. The agreement, valued at about USD 1.56 billion (about Rs 13,607 crore), will see Coforge as a key partner in helping Sabre speed up product development an...
GE Vernova T&D India Ltd on Tuesday said it has secured orders worth Rs 500 crore to supply and install transformers and reactors under the bulk procurement from Power Grid Corporation. According to a regulatory filing, the orders will be executed within 36 months. GE Vernova T&D India Ltd has r...
