Swiggy Instamart on Monday announced that it would start delivering smartphones in 10 major cities, a move that may help the quick commerce platform improve the average order values. Instamart’s key rivals, Zomato’s Blinkit and Zepto, already deliver smartphones across various cities. Recently, both of these announced the availability of all Apple products on their
At least five veterans in some of India’s top firms will retire in FY26, paving the way for their successors at the corner office. While Nestle India’s CMD Suresh Narayanan, Titan’s MD CK Venkataraman, Voltas’s MD Pradeep Bakshi and Pidilite’s MD Bharat Puri will retire in FY26, Avenue Supermarts’ MD & CEO Neville Noronha has
DLF, the country’s largest property developer, plans to grow its group PAT (profit after tax) and cash flows by two times and earn annual rentals of Rs 10,000 crore by FY30. The company is looking to incur a capex of over Rs 26,000 crore across its annuity and development business. It aims to become gross
In a significant move aimed at reducing the tax burden on digital advertising, the government on Monday proposed the removal of the 6 per cent equalisation levy on online advertising, a report by CNBC TV18 said. The tax was introduced in 2016 and was imposed on payments made by Indian businesses to foreign digital advertising
Star Health and Allied Insurance Co Ltd has received 25 tax demand orders across its zonal offices in Haryana, Delhi, Maharashtra, Tamil Nadu, Telangana and Karnataka, the company disclosed on Saturday. The orders, issued by various Goods & Services Tax (GST) and Central Excise authorities, amount to a total demand of approximately Rs 49 crore
The Defence Acquisition Council’s (DAC) approval to capital acquisition proposals worth Rs 54,000 crore and the proposed reforms in the process is a ‘big plus’. In an analysis report, ICICI Securities said, “We see both orders and AoNs picking up again in Q4FY25 and believe FY26 would be much better if reforms in the capital
PB Fintech’s Rs 696-crore investment for a 34% stake in PB Healthcare Services, a venture that’s aimed at creating a network of hospitals where costs are tightly controlled, has evoked mixed responses on the Street. The intention is no doubt noble one — to make sure hospitals don’t overcharge patients and that insurers are not
The traditional Indian soda with a glass-ball lid, once a nostalgic staple in local stores, is now making a comeback in international markets. Backed by the Agricultural and Processed Food Products Export Development Authority (APEDA), Goli Pop Soda has gained traction globally, with successful trial shipments to the USA, UK, Europe, and Gulf countries. “A
The Competition Commission of India (CCI) has investigated 35 cartel cases in the last five years, minister of finance and corporate affairs Nirmala Sitharaman told the Lok Sabha on Monday. The minister said that a new mechanism, known as “lesser penalty plus” (LPP), was introduced last year that incentivises the disclosures of cartels. “The LPP
Automotive parts maker Tata AutoComp Systems on Monday said it will acquire International Automotive Components Group Sweden AB (IAC Sweden), a manufacturer of interior systems and components. he company, however, did not disclose any financial details. “The proposed acquisition reinforces Tata AutoComp’s presence in Sweden and enhances the company’s relationships with key European original equipment
Adani Energy Solutions (AESL), the power transmission arm of Adani group, is scaling up it’s district cooling services (DCS) business. AESL has been incubating DCS for the last few years. The company is setting up several large-scale DCS facilities across industrial, commercial, residential, and mixed-use projects, sources familiar to the matter said. District cooling services
The government has proposed to withdraw a 6% “equalisation levy” imposed on online advertisements in June 2016, in a move that signalled that its ceding some autonomous ground on taxation of the digital economy, at least for the time being. The step, introduced as one of the 59 amendments proposed in the Finance Bill 2025
Swiggy Instamart on Monday announced that it would start delivering smartphones in 10 major cities, a move that may help the quick commerce platform improve the average order values. Instamart’s key rivals, Zomato’s Blinkit and Zepto, already deliver smartphones across various cities. Recently, both of these announced the availability of all Apple products on their
