Former chairman of Hindustan Unilever Ltd. (HUL), Susim Dutta has passed away in Mumbai, today. Susim Mukul Datta’s career began with Hindustan Lever in the 1950s. For over four decades, he advanced through the company’s rungs and took the helm as Chairman from 1990 to 1996. A prominent business leader and rural marketing revolutionary, Dutta
Sapphire Foods and Devyani International, the franchise partners of Yum! Brands, on Friday issued separate clarifications on the media reports suggesting a potential merger between the two companies. “…In this regard, we wish to inform you that the company evaluates various strategic opportunities in the ordinary course, for growth and expansion of business. At this
Reliance Infrastructure and Reliance Power have issued statements on the ongoing dispute between Reliance Communications and the State Bank of India. In their statements, both companies have distanced themselves from Reliance Communications as SBI accuses the latter of committing fraud. In separate statements, Reliance Infrastructure and Reliance Power said that both companies are separate and
Manufacturing company Bharat Forge has acquired AAM India Manufacturing for Rs 746.4 crore. The acquisition includes the takeover of Rs 189.4 crore cash on the books of AAM India Manufacturing. The company will have a 100% stake in AAM India Manufacturing after the acquisition. In an exchange filing, Bharat Forge said that earlier in the
Paras Defence and Space Technologies has received a letter of intent for an order worth Rs 22.21 crore from the French defence company Cerbair. In a filing exchange, Paras Defence said that it has received the Letter of Interest for 30 units of CHIMERA 200, an anti-drone technology. ALSO READIREDA accelerates clean energy financing in
India is stepping up efforts to extract more rare earth elements (REEs) from mining waste, especially from coal mine overburden (byproducts and waste), government sources told CNBC TV18. The expanded exploration is aimed at making better use of resources in open-cast mines. These enhanced exploration, the report added, will cover not just overburden from existing
Mahindra Holidays & Resorts India has disclosed in a regulatory filing that they have received a tax demand notice of over Rs 363 crore. The notice was issued by Anna Salai, who is the state tax officer at the Central Board of Indirect Taxes and Customs, Chennai. The company received a show-cause notice from the authority
The luxury hospitality sector seems to be experiencing an unprecedented boom, with EIH, which operates the Oberoi and Trident hotels, reporting its best-ever financial performance in FY25. Riding on a steady rise in demand for premium stays, the company’s income per available room surged 70% in the last two years, touching nearly Rs 21,000 a
Public sector bank Union Bank of India on Friday announced waiving penalty charges for not maintaining the minimum balance amount in general savings accounts. The direction is effective from the quarter ending September 2025. “In alignment with the spirit of financial inclusion and customer-centric banking, Union Bank of India now waives charges for non-maintenance of
Bajaj Finserv on Thursday reported a 30 per cent year-on-year rise in consolidated net profit at Rs 2,789 crore for the first quarter of FY26, compared to Rs 2,138 crore in the same period last year. However, its lending arm Bajaj Finance has reported a decline in asset quality. Bajaj Finserv: Revenue rises 12.5 per
Indian equity markets closed on a lower note for the second consecutive session. The Nifty 50 closed the session over 200 points lower, just saving 24,800, and the Sensex ended the day more than 700 points or 0.88% points lower at 81,460. The Nifty Bank settled almost 530 points lower at 56,500. In line with
Federal Bank, in collaboration with fintech partners M2P and MinkasuPay, has introduced India’s first-ever biometric authentication solution for e-commerce card transactions, according to an official statement. With this solution, customers can now authenticate online purchases using just a touch or a look — their Fingerprint or Face ID. This solution not only enhances security but
FMCG major, Nestle India reported a 13.4 per cent fall in consolidated net profit for the June 2025 quarter at Rs 646.59 crore compared to Rs 746.6 crore in the same period last year. The drop was mainly due to higher commodity prices and increased operating costs, the company said in its regulatory filing. Here
