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Govt-JSW Steel pact on Banai-Bhalumunda coal block terminated

The ministry of coal has terminated the coal block development and production agreement on  the Banai- Bhalumunda coal block with JSW Steel due to non-payment of performance security, the termination order available on the ministry’s website showed. As a result, the Rs 100-crore bid security submitted by the Sajjan Jindal-led steelmaker stands forfeited as damages

Vedanta swings to black with Q2 profit at Rs 5,603 crore, revenue down 3.6% YoY

Vedanta Limited on Friday released its fiscal second quarter earnings report with profit at Rs 5,603 crore in comparison to a loss of Rs 915 crore posted during the corresponding quarter of FY24. It reported revenue from operations at Rs 37,171 crore, down 3.6 per cent as against Rs 38,546 crore during the second quarter

CCI probe funds Zomato, Swiggy breached antitrust laws, struck ‘exclusivity contracts’ with partners

An investigation by India’s antitrust body found food delivery giants Zomato and SoftBank-backed Swiggy breached competition laws, with their business practices favouring restaurant chains listed on their platforms, documents show. Zomato entered into “exclusivity contracts” with partners in return for lower commissions, while Swiggy guaranteed business growth to certain players if they listed exclusively on

Aditya Birla Fashion and Retail posts widened Q2 loss of Rs 214.70 crore, revenue up 12.9% YoY

Aditya Birla Fashion and Retail Ltd (ABFRL) released its fiscal second quarter earnings with a loss of Rs 214.70 crore in comparison to a loss of Rs 200.34 crore recorded during the corresponding quarter of previous year. It posted revenue from operations at Rs 3,643.86 crore, registering a growth of 12.9 per cent as against

Q2 Result 2024 Live Updates: SBI, LIC, Tata Motors, MRF, Vedanta, Ashok Leyland, Fortis Healthcare, others releasing Q2 results today

Go to Live UpdatesQ2 Earnings 2024 Live Updates: While major companies across sectors have already released their Q2 numbers for FY25, market participants and investors are keenly waiting for many others to announce their earnings report. Firms including Tata Consultancy Services (TCS), HCL Technologies, Infosys, Wipro, Tech Mahindra, Reliance Industries,  Mahindra and Mahindra, Bharti Airtel

ED raids offices of Amazon and Flipkart sellers

The Enforcement Directorate (ED) on Thursday raided offices of some sellers operating on Amazon and Walmart-owned Flipkart for alleged violations of foreign investment norms and prevention of money laundering Act (PMLA). Official sources said that searches took place at 19 locations in New Delhi, Gurugram, Panchkula, Hyderabad and Bengaluru. Some reports indicate that Appario Retail

SECI bars Reliance Power for 3 years citing “fake” tender document

The Solar Energy Corporation of India (SECI) has barred Reliance Power Ltd and all its subsidiaries from participating in future tenders to be issued by it for the next three years, citing “fake” bank guarantees submitted by the Anil Ambani-backed company in the last renewable energy (RE) bidding round. SECI, the official agency to implement

Oberoi Hotels & Resorts to debut in London’s iconic Mayfair

Luxury hotel brand Oberoi Hotels & Resorts is set to open its first hotel in London’s Mayfair district, British urban property major Grosvenor and EIH London Investments announced on Thursday. The hotel will be part of Grosvenor’s landmark South Molton development and will occupy a prime position at 40-46 Brook Street. Work began onsite in
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March 2025 Tax Alert: Miss these deadlines and you could lose exemptions, face fines

March 31 is the last day of the financial year, which is considered a very important date for taxpayers and investors. If you have not yet made the necessary investments to save tax or some important financial work is pending, then it is very important to settle them this month. Whether it is taking advantage

Loan Against Mutual Funds: How it works & what you should know

Investing in mutual funds can significantly contribute to wealth accumulation over time. Interestingly, these investments can also serve as collateral for securing a loan. Lenders may consider your mutual fund holdings as a guarantee, allowing you to obtain loans at competitive interest rates. Prior to approving the loan, lenders will evaluate the value of your

Paytm Money receives SEBI nod to offer research services, shares surge

Shares of One 97 Communications Ltd, the parent company of Paytm, surged up to 7.54 per cent at 11:30 am on Tuesday to a trading price of Rs 740.75 after its subsidiary Paytm Money received green light from the Securities and Exchange Board of India (Sebi) to offer services as a research analyst. With this

Heatwave fuels growth for AC Industry- 3 key factors watch now

The heatwave may not be good news for you but the AC industry is rejoicing… It is expected to deliver robust volume-led growth in Q4FY25 on the back of early onset of the summer coupled with aggressive channel stocking.  The Indian Meteorological Department has predicted above-normal number of heatwave days in most parts of the

Bajaj Finserv slips 2%; Bajaj Group buys out 26% Allianz stake in insurance JV

Bajaj Finserv’s share price fell 1.8% to an intra-day low of Rs 1,837. The stock was the major loser in the Nifty 50. The fall in share price came after Bajaj Group signed a share purchase agreement with Allianz SE to buy out its stakes in the joint ventures.  The company will acquire a 26%