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On this MSME Day, entrepreneurs and small business founders across various sectors have come forward to highlight the key challenges they face while running their businesses. The United Nations General Assembly has designated June 27 as “Micro-Small, and Medium-sized Enterprises Day” to rais...
An Essel Group company, Konti Infrapower and Multiventures, has moved the National Company Law Tribunal (NCLT) against Kotak Asset Management Company (AMC) over the fund house’s failure to honour certain contractual obligations. Claiming dues to the tune of Rs 12.99 crore, the Essel Group entity h...
Fast-Moving Consumer Goods (FMCG) companies in India are likely to see an improvement in their profit margins in the first quarter of FY26, which is attributed to a broad-based decline in the prices of key agricultural and packaging commodities, according to a report by Antique Stock Broking Limited. Pr...
The National Payments Corporation of India (NPCI), which powers India’s Unified Payments Interface (UPI), reported a robust 42% surge in standalone net profit to Rs 1,552 crore for the financial year ended March 2025, according to provisional data from credit rating agency ICRA. In the previous fi...
Coal India Limited (CIL) is now actively pursuing diversification into the critical minerals sector, as the global race for rare earths and strategic minerals intensifies. In an exclusive interview with Zee Business, CMPDI Chairman & Managing Director Manoj Kumar revealed that Coal India has already...
Ireland-based Accenture’s shares took a heavy beating on Friday after the professional services company reported a largely better-than-expected set of financial results for the March-May period. Accenture shares finished lower by $21 or 6.9 per cent to settle at $285.4 apiece after falling as much...
Accenture (ACN) reported better-than-expected earnings and revenue for the third quarter of fiscal year 2025. However, the stock fell around 4 per cent in premarket trading on Friday, as total bookings came in well below analyst estimates — dampening investor sentiment despite an otherwise solid quarter...
Nestle India Stock Bonus Update: Nestle India, the maker of the famous Maggi noodles, announced on Thursday (June 19) said that its Board of Directors will meet on Thursday, June 26, 2025, to discuss a proposal for issuing bonus shares. If the board approved, this would mark the first bonus share issue...
India’s Hindustan Aeronautics Limited (HAL) and French engine manufacturer, Safran Aircraft Engines, signed an agreement on Thursday for the industrialisation and production of rotating parts for LEAP engines. According to a joint release by Safran Aircraft Engines and HAL, the agreement signed be...
Amazon on Thursday said it will invest over Rs 2,000 core ($233 million) in 2025 to expand and upgrade operations infrastructure, improve associate safety and well-being programmes, along with developing new tools and technology for its fulfillment network. The new investment builds on top of Amazon...
In a move aimed at improving efficiency and minimising passenger inconvenience while ensuring operational stability, Tata group airline Air India on Wednesday announced its decision to reduce its widebody aircraft-operated international services by 15 per cent for the next few weeks. The move follows th...
In a major boost to India’s aerospace ambitions, Reliance Infrastructure announced on Wednesday that French aircraft manufacturer Dassault Aviation will begin assembling its Falcon 2000 business jets in India. This will be the first time Dassault manufactures any of its Falcon aircraft outside France. W...
Mining and metals giant Vedanta Ltd on Wednesday declared a first interim dividend of ₹7 per equity share for the financial year 2025–26, amounting to a shareholder payout of approximately ₹2,737 crore. The announcement was made following the company’s Board of Directors meeting held earlier in the day,...
Zee Entertainment Enterprises Ltd. (ZEEL) has announced a significant financial move to strengthen its position in the evolving media landscape. The company’s Board of Directors has approved the issuance of up to 16.95 crore fully convertible warrants to promoter group entities on a preferential b...
Maruti Suzuki India has signed an MoU with Equitas Small Finance Bank, entering into a strategic vehicle financing partnership for customers. The carmaker said in a statement this week that this collaboration, which aims to provide retail financing solutions for new, used, and commercial vehicles, will...
Oil and Natural Gas Corporation (ONGC) has taken operational control of Well RDS 147 in its Rudrasagar field in Sivasagar, Assam, to control gas blowout, the state-owned energy PSU said on Saturday. Earlier on Friday, gushes of gas were seen erupting from the Well RDS-147 of the ONGC’s Rudrasagar...
SpiceJet Q4 Results: Budget carrier SpiceJet on Saturday reported a 173 per cent year-on-year (YoY) jump in standalone profit after tax (PAT) at Rs 324.87 crore for the March 2025 quarter (Q4 FY25)—its highest ever quarterly profit, according to company’s exchange filing. This also marks the airli...
SpiceJet Q4 Results: Budget carrier SpiceJet on Saturday reported a 173 per cent year-on-year (YoY) jump in standalone profit after tax (PAT) at Rs 324.87 crore for the March 2025 quarter (Q4 FY25)—its highest ever quarterly profit., according to an exchange filing. This also marks the airline’s second...
Metals and mining conglomerate Vedanta Ltd is set to consider its first interim dividend for the financial year 2025–26 (FY26), with a board meeting scheduled for Wednesday, June 18. In a regulatory filing after market hours on Friday, the Anil Agarwal-led company said, “The meeting of the Board of Dire...
Groww registered a net profit of Rs 1,819 crore for the financial year 2024-25, marking a year-on-year jump of more than three times, according to people privy to the development. Groww, the country’s largest broker by active investors, logged revenue of Rs 4,056 crore for the financial year, marking an...
Walt Disney Co and Universal Pictures have jointly filed a copyright infringement lawsuit against San Francisco-based AI company Midjourney, accusing it of unlawfully reproducing iconic characters from their film libraries using its AI-powered image generator. According to foreign media, the lawsuit, fi...
Hyundai Steel, South Korea’s second-largest steel manufacturer, has temporarily shut down its No. 2 plant in the southeastern city of Pohang due to a prolonged industry-wide slump, the company said on Wednesday. The suspension took effect Saturday due to a lack of production volume amid severe ind...
Investors in the Gensol Engineering Limited (GEL) have suffered a massive loss to the tune of nearly Rs 4,000 crore as the stock of the fraud-hit company sank by more than 95 per cent. Gensol Engineering’s stock closed 2 per cent down at Rs 51.42 on the National Stock Exchange (NSE) on Wednesday....
Ride-hailing giant Rapido is all set to enter India’s food delivery landscape. This announcement has created a buzz across the industry, with many wondering how Rapido’s entry will impact the dominance of established players like Zomato and Swiggy. This service is expected to start in Bengal...
Indian Renewable Energy Development Agency Ltd. (IREDA) has successfully raised Rs 2,005.90 crore through Qualified Institutions Placement (QIP). The capital was mobilised by issuing 12.15 crore equity shares at a price of Rs 165.14 per share, which includes a premium of Rs 155.14 per share over the fac...
A Navratna PSU firm RITES on Tuesday said that it secured an international deal. The PSU company has been awarded a contract worth USD 2.9 million from the Ministry of Public Works, and the Co-operativeRepublic of Guyana. According to the BSE website, RITES Ltd has received a contract worth USD 2,908,8...
ICICI Prudential Mutual Fund has introduced two new passive investment options — the ICICI Prudential Nifty Top 15 Equal Weight ETF and the ICICI Prudential Nifty Top 15 Equal Weight Index Fund. The New Fund Offer (NFO) for both schemes is open from June 10 to June 24, 2025. The schemes are designed to...
In a major regulatory relief, Infosys Ltd announced on Friday that the Directorate General of GST Intelligence (DGGI) has officially closed the Rs. 32,403 crore Goods and Services Tax (GST) reverse charge case against the company for the financial years 2018-19 to 2021-22. The Bengaluru-based IT giant i...
HDFC Bank News: HDFC Bank said on Sunday that certain unscrupulous people are targeting its senior officials, including its Managing Director and Chief Executive Officer Sashidhar Jagdishan, in order to thwart the recovery of long outstanding dues owed to it. A “frivolous” FIR was filed by one Mehta fam...
A major international crackdown has uncovered an extensive illegal Internet Protocol Television (IPTV) operation streaming pirated content across various digital platforms. Operating under brand names such as Boss IPTV, Guru IPTV, Tashan IPTV, Brampton IPTV, Vois IPTV, Indian IPTV, Punjabi IPTV, Edmonto...
State-owned company RailTel Corporation of India has received work orders worth Rs 243 crore from State Project Director, Bihar Education Project Council, according to a stock exchange filing. The work order is for the supply of “students kit” for the students of Class 1 to Class 12 at gover...
India’s digital forensics market is expected to grow more than triple the global average of 11 per cent to hit USD 1.39 billion (Rs 11,829 crore) by the financial year 2029-30, according to a joint report by Deloitte-DSCI. As per the report, the Indian digital forensic market will grow at a Compou...
In a significant development in the Indian paints industry, Grasim Industries’ paints division — Birla Opus Paints — has lodged a formal complaint with the Competition Commission of India (CCI) against Asian Paints, India’s largest paint manufacturer. The complaint alleges that Asian Paints has been eng...
In a significant development for income-focused investors, shares of 20 listed companies will trade ex-dividend today, June 6, 2025 (Friday). These include prominent names like Bank of Baroda, Container Corporation of India (CONCOR), HDFC Asset Management Company, and ICICI Lombard General Insurance Com...
On May 19, 2025, a two-judge bench comprising Justices J.B. Pardiwala and R. Mahadevan dismissed petitions filed by Vodafone Idea, Bharti Airtel, and the Tata Group under Article 32, which sought waivers on AGR interest and penalties. The court reaffirmed that the matter had been conclusively settled th...
Gurugram: Power Grid Corporation of India Limited (POWERGRID), a Maharatna PSU under the Ministry of Power, Government of India, has acquired ‘MEL Power Transmission Limited’, a project SPV with a cost of Rs 558 crore (NCT estimations) to establish a transmission system for the evacuation of...
Wealth management platform Syfe has raised $80 million in its extended Series C funding round as it doubles down on expanding its engineering and product teams in India, according to the company’s statement on Thursday, June 5, 2025. The raise includes a new $53 million equity injection (Series C2...
The Competition Commission of India (CCI) on Tuesday approved the proposed acquisition of up to 9.99 per cent of the paid-up share capital of IDFC First Bank by Current Sea Investments BV. The transaction involves Currant Sea Investments B.V. subscribing to 81,26,94,722 compulsorily convertible cumulati...
Stock to track, Sansera Engineering shares in focus: Sansera Engineering on Tuesday said that it entered into a long-term contract with Airbus Defence and Space for the manufacture, supply, and support of the Airborne Intensive Care Transport Module (ICTM). The deal is valued at approximately Rs 1,60 cr...
Tech giant Microsoft has cut hundreds of more jobs just weeks after reducing nearly 3 per cent of its global workforce in the AI era. As per a filing with Washington state’s Employment Security Department, 305 additional employees in Redmond, Washington have been asked to leave. A company spokespe...
Major layoffs are underway at the Walt Disney Company, affecting hundreds of employees across Disney Entertainment divisions, including marketing for film and television units, reported Deadline. Apart from these divisions, the layoffs will also affect the employees in the television publicity, casting,...
Zepto Dharavi Food Licence Suspension News: Quick commerce company Zepto has initiated an internal review and promised to fully cooperate with the authorities after an inspection unearthed serious food storage lapses at its Dharavi warehouse facility in Mumbai. The Maharashtra food regulatory authority...
LTIMindtree, a subsidiary of Larsen & Toubro, has emerged as a contender for the government’s major PAN Card 2.0 project worth around Rs 350 crore, sources told Zee Business. This will not impact the company’s financials but could play a pivotal role in improving market perception of the...
IndiGo on Sunday announced it has placed orders for another 30 Airbus A350, on top of the 30 orders already in place with the French aircraft manufacturer. Announcing the orders, IndiGo CEO Pieter Elbers said that the deliveries of the aircraft will start from 2027. “It was last year that IndiGo s...
ITC Limited will make its next investment in Andhra Pradesh, said Sanjiv Puri, Managing Director of the company and CII President, during the CII Annual Business Summit 2025 in the national capital. “The next investment we make will be in Andhra Pradesh, and then you will hear about it very soon,...
In a landmark development for the domestic defence sector, state-run shipbuilders Mazagon Dock Shipbuilders Ltd (MDL) and Hindustan Shipyard Ltd (HSL) are poised to sign a memorandum of understanding (MoU) to jointly build submarines—establishing the country’s first-ever dual-coast submarine production...
Vodafone Idea Q4 FY25 Earnings Preview: Vodafone Idea is set to report its financial results for the quarter as well as the year ended March 31 on Friday, May 30. Analysts expect the private sector telecom company to remain in losses amid a sequential fall in its average revenue per user (ARPU)—a key me...
Bajaj Auto Q4 FY25 Earnings: Pune-headquartered Bajaj Auto on Thursday reported a set of quarterly results that largely met analysts’ expectations. The motorcycle and commercial vehicle manufacturer announced a dividend of 2,100 per cent. Bajaj Auto Q4 FY25 Results Summary | Top-line and bottom-li...
Ola Electric Mobility Q4 Results: Investors in Ola Electric Mobility might be in for a jolt when markets open on May 30 as the fourth quarter earnings of the company released after market hours. Ola Electric Mobility Q4 Results Bhavish Aggarwal-led firm on Thursday reported a net loss of Rs 870 crore fo...
Sobha reported revenue of Rs 1,231 crore in this quarter from Rs 763 crore in March quarter of FY2024. The company’s net profit increased to Rs 41 crore in Q4FY25 which was Rs 7 crore in the same period previous year. Sobha shared its financial results for the fourth quarter of the financial year...
