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India’s largest Public Sector Bank, the State Bank of India (SBI), is likely to launch its Rs 25,000 crore Qualified Institutional Placement (QIP) very soon, according to multiple reports. The pricing of this Qualified Institutional Placement is expected to be close to the current market price, wi...
ITC Hotels Q1 FY26 Results News: ITC Hotels on Wednesday reported a consolidated net profit of Rs 133.1 crore for the quarter ended June 30, marking a jump of 53.8 per cent over the corresponding period a year ago. Its revenue grew 15.5 per cent to Rs 815.5 crore, according to a regulatory filing. ITC H...
ICICI Prudential Life Insurance Company on Tuesday, July 15, shared its financial results for the first quarter of the FY 2026 ended on June 30, 2025. The company reported a sequential decline of nearly 21.8 per cent in net profit for the quarter, according to a stock market filing. Its net profit decli...
IT major Tech Mahindra is expected to post a marginal decline of 0.8 per cent quarter-on-quarter in constant currency (cc) revenue for the June quarter, weighed down by continued weakness in its key Communications, Media, and Technology (CMT) vertical, according to Zee Business Research. Despite the lik...
HDFC Life Insurance Company Q1 FY26 Results: Mumbai-headquartered insurance provider HDFC Life on Tuesday reported a net profit of Rs 546.5 crore for the quarter ended June 30, marking a 14.2 per cent rise over the corresponding period a year ago. That was better than what analysts had expected and driv...
Bangalore-based Hindustan Coca-Cola Beverages (HCCB) has appointed Hemant Rupani as its chief executive officer (CEO). His appointment eill be effective from September 8, 2025, according to a press note today, July 15. Rupani will succeed the current HCCB CEO Juan Pablo Rodriguez, who is moving to a new...
Bangalore-based Hindustan Coca-Cola Beverages (HCCB) has appointed Hemant Rupani as its chief executive officer (CEO). His appointment eill be effective from September 8, 2025, according to a press note today, July 15. Rupani will succeed the current HCCB CEO Juan Pablo Rodriguez, who is moving to a new...
R Doraiswamy on Monday took charge as chief executive officer (CEO) and managing director (MD) of Life Insurance Corporation (LIC), with effect from the same day. His appointment is for a period of three years or till he attains the age of 62 years, or until further orders, whichever is the earliest. Ac...
HCLTech kicked off the FY26 earnings season on a steady note, reporting a 7.6 per cent year-on-year rise in net profit at Rs 3,843 crore for the June 2025 quarter. The company’s bottom line was broadly in line with Street expectations. Quarterly revenue was Rs 28,169 crore, up 5.5 per cent YoY, and EBIT...
HCL Technologies has announced its interim dividend for the first quarter of the financial year 2026 ending on June 30, 2025, according to a stock market disclosure. “The Board of Directors has declared an Interim Dividend of Rs. 12/- per equity share of Rs 2/- each of the Company for the Financia...
Dr. Kumar Mangalam Birla, Chairman of the Aditya Birla Group and Chancellor of BITS Pilani, visited the Pilani campus on Saturday. During an interaction, local students and residents expressed their long-standing request for a medical institute in the region, in addition to the existing engineering prog...
The Delhi High Court has refused to stay the ongoing construction of a 400-bed multi-speciality hospital in Greater Kailash-I, a joint venture between DLF and Global Health Ltd (Medanta), despite opposition from the local residents’ association. The project, announced in 2023, is being developed on land...
The Reserve Bank of India (RBI) announced on Friday, July 11, that it has fined HDFC Bank Rs 4.88 lakh and Shriram Finance Rs 2.70 lakh for failing to comply with some of the Central Bank’s directives. “The penalty on HDFC Bank was levied under the provisions of Section 11(3) of the Foreign...
IT major HCL Technologies is expected to report a weak set of numbers for the first quarter of FY26, with both revenue and net profit likely to decline on a sequential basis due to seasonal softness in its services and products businesses. As per analyst estimates tracked by Business Standard, HCL Tech’...
Avenue Supermarts, the parent company of DMart stores, is set to announce its Q1FY26 consolidated earnings on July 11, 2025. Industry experts and brokerages anticipate robust revenue growth driven by new store additions but foresee pressure on margins due to rising operational expenses and gross margin...
Shares of Glenmark Pharmaceuticals Ltd (NSE: GLENMARK) soared 10 per cent to Rs 2,094.40 in morning trade on Thursday after the company announced its biggest-ever outlicensing deal with US pharma giant AbbVie Inc. The landmark agreement, valued at up to $1.93 billion, involves ISB 2001, a cutting-edge p...
Priya Nair, a name well-known within Unilever circles, is now set to make corporate history. Come August 1, 2025, she will become the first woman CEO and Managing Director of Hindustan Unilever Ltd (HUL) — India’s largest fast-moving consumer goods (FMCG) company. Currently based in London, Nair heads t...
In a significant development, PSU lender Canara Bank has decided to unconditionally withdraw the fraud classification of businessman Anil Ambani in a matter related to Reliance Communications (RCOM). The bank informed the Bombay High Court’s division bench—comprising Justice Revati Mohite Dere and Justi...
Tata group’s design and technology service provider Tata Elxsi on Thursday posted its April-June quarter earnings for the FY26. The largecap company has reported a net profit of Rs 144.36 crore, a 21.5 per cent decrease from Rs 184.07 crore in same quarter of the previous year. During the period,...
TCS posts 6 per cent rise in net profit, driven by strong margins and deal wins, while revenue dips 3.1 per cent in constant currency amid global uncertainties. Doonited Affiliated: Syndicate News Hunt This report has been published as part of an auto-generated syndicated wire feed. Except for the hea...
The central government has granted tax-saving status to PSU renewable projects financing company IREDA Ltd’s bonds under Section 54EC of the Income Tax Act. This will facilitate low-cost fundraising for renewable energy and offer capital gains tax exemption to investors. The Central Board of Direc...
To extend the existing gas sale and purchase agreement for another 15 years, GAIL (India) has signed an agreement with Oil India Limited (OIL), starting from 1st July, 2025, according to an official statement by the company. The agreement is for supply of 900,000 standard cubic metres per day (SCMD) of...
Ahead of Tata Consultancy Services (TCS) Q1FY26 results, market analysts are advising caution, expecting a muted performance across large-cap IT stocks. The June quarter is likely to show year-on-year revenue pressure, with Infosys expected to be an exception among tier-1 IT players. June quarter to rem...
Social media platform X CEO Linda Yaccarino has announced her decision to step down from her role. She has led Elon Musk-owned X for the past two years. While announcing her decision on X, Yaccarino expressed gratitude to Musk for giving her the responsibility of protecting free speech and “transf...
Disinvestment in state-run IDBI Bank is set to be completed by October, with the process of financial bids and the lender’s announcements in the same month, sources told Zee Business. Earlier, the government had said that the bank’s deal is expected to be concluded within the current financial year. Pu...
TCS Q1 Results Preview: Tata Consultancy Services (TCS) is set to report its Q1FY26 earnings on July 10, and expectations suggest a muted start to the fiscal year. According to Zee Business research, the country’s largest IT firm is estimated to post modest top-line growth, but a contraction in operatin...
The Competition Commission of India (CCI) on Tuesday, July 8, approved two acquisition proposals involving leading financial and investment firms — UBS AG and Kedaara Capital — across wealth management and logistics sectors. The Commission approved the acquisition of various businesses of UBS AG and its...
India’s IT sector is approaching the Q1 FY26 earnings season with tempered expectations, as a mix of global macro pressures, a delay in client decision-making, and tariff-related uncertainty in the US clouds the overall sentiment. However, with Nifty IT up nearly 20 per cent from April lows, analy...
Q1 results, TCS Q1 results: Tata Consultancy Services (TCS), India’s largest IT services exporter, will kick off the Q1FY26 corporate earnings season on July 10, becoming the first Nifty 50 company to announce its quarterly results. The tech giant’s performance will set the tone for what analysts expect...
French consulting and technology group Capgemini on Monday announced the signing of a definite transaction agreement to acquire UK-based digital business process services firm WNS share in an all-cash deal worth $3.3 billion (excluding the target company’s net financial debt), at $76.5 per share. The ac...
India’s largest state-owned shipbuilder, Cochin Shipyard Limited (CSL), and HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the shipbuilding division of South Korea’s HD Hyundai, have signed a memorandum of understanding (MoU) to jointly expand their global footprint and boost In...
Taiwan-based manufacturing giant Hon Hai Precision Industry Co., known globally as Foxconn, sales for the month of June rose 10 per cent from a year earlier, boosted by cloud and networking gadgets showed strong growth amid an artificial intelligence boom. The company posted a consolidated sale of NTD 5...
After State Bank of India’s move to reportedly classify Reliance Communications’ loan account as “fraud”, legal counsel representing businessman Anil Ambani–chairman and managing director of Reliance Group–has strongly objected to what it described as an “ex-parte ord...
Hindustan Copper Ltd. is set to begin operations at two of its key copper mines in Jharkhand — Kendadih and Rakha — within the next six months, a move expected to significantly boost the company’s production capacity. According to sources, the Kendadih Mine is to start with an initial output of 0.22 mil...
Hindustan Copper Limited (HCL) and GAIL (India) Limited are close to signing a partnership agreement to jointly explore and develop critical minerals. The two public sector companies are expected to formalise a Memorandum of Understanding (MoU) within the next two weeks, officials familiar with the matt...
Tata Steel faces Rs 1,902 crore demand notice from Odisha Government over Sukinda mine dispatch shortfall Tata Steel has said it will challenge the demand legally, calling the claim baseless. Tata Steel has received a demand notice of Rs 1,902.72 crore from the Office of the Deputy Director of Mines, Ja...
BEML Limited has inaugurated a state-of-the-art warehousing facility in the Karnataka Industrial Areas Development Board (KIADB) Aerospace Special Economic Zone (SEZ) near Kempegowda International Airport, Bengaluru. The newly developed facility, spread across 0.12 acres, marks the first phase of BEML’s...
Hindustan Copper Ltd (HCL) is all set to ramp up operations at its Malanjkhand Copper Project (MCP), expecting to almost double its ore production capacity to 5 million tonnes per annum (MTPA) by the financial year 2030-31. The expansion aligns with the company’s long-term plan to intensify countr...
IndiGo’s parent company InterGlobe Aviation on Thursday (July 3) announced the appointment of Amitabh Kant as non-executive director. Kant, a former CEO of NITI Aayog and India’s G20 Sherpa, is a seasoned civil servant with extensive experience in public administration and global policymaking. He...
Prime Minister Narendra Modi on Thursday said that over the past decade, India has seen a major transformation across the spectrum, and on the foundations of stable polity and good governance, the country will soon be the world’s third-largest economy. During his historic Parliament address here,...
Dr. Subhash Chandra Exclusive Interview: In an important announcement set to boost shareholders’ confidence, Zee Entertainment Enterprises Ltd (ZEEL) Founder and Chairman Emeritus Dr Subhash Chandra told Zee Business Managing Editor Anil Singhvi the Zee Board has approved a Rs 2,237 crore promoter...
A few days ago, Infosys co-founder NR Narayana Murthy’s advice to youngsters to work 70 hours a week sparked controversy. Underlining that he has put in over 70 hours a week for 40-odd years during his time at Infosys, Murthy said these are issues that need to be introspected on, and not debated. He hig...
In a major move to expand its automotive manufacturing and electric vehicle (EV) component capabilities, Bharat Forge Limited (BFL) has successfully completed the acquisition of AAM India Manufacturing Private Limited for an equity value of Rs 746.46 crore. The acquisition, initially announced on Octobe...
Supreme Court has permitted real estate firm M3M Group to replace provisionally attached property under the Prevention of Money Laundering Act (PMLA) with a substitute asset of equivalent or higher value. The ruling, handed down on July 2, 2025, is being hailed as a historic judgment that weighs up enfo...
Tata Steel on Sunday (June 29) said that it has received a show cause-cum-demand notice from tax authorities regarding an alleged irregular availment of input tax credit (ITC) around Rs 1,000 crore for the financial years 2018-19 to 2022-23. According to the company, the notice was issued by the Office...
Hindustan Shipyard Limited (HSL) commemorated its 85th Sapphire Foundation Day with a week-long series of events culminating on June 21, marked by significant milestones, including a ceremonial steel-cutting by Chief of Naval Staff Admiral Dinesh K Tripathi on June 19 for the Indian Navy’s fourth...
Hindustan Aeronautics Ltd (HAL) on Thursday declared a final dividend of Rs 15 per equity share for FY25, amounting to a 300 per cent payout on the face value of Rs 5 per share. This marks the company’s second dividend for the current financial year, following an interim dividend of Rs 25 per share paid...
JSW Paints has signed definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India for Rs 8,986 crore, in a move that could significantly alter the landscape of India’s paints and coatings market. The stake will be acquired from the company’s Dutch parent, Akzo Nobel N.V., and its aff...
PhonePe and HDFC Bank announced the launch of co-branded credit card, marking the digital payments and financial services company’s foray into the co-branded card segment. The PhonePe HDFC bank co-branded RuPay credit card is designed to meet the evolving financial needs of Indian consumers. It al...
In a major step to give small businesses more financial flexibility, DBS Bank India (DBIL) on Friday announced that it will no longer charge prepayment or foreclosure fees on loans taken by Micro, Small, and Medium Enterprises (MSMEs). The announcement, made on MSME Day, applies to all new and existing...
