Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday released its fiscal fourth quarter earnings with a profit growth 47.78 per cent on-year. Profit for the period came in at Rs 3,014.22 crore in comparison to Rs 2,039.66 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 8,488.44
PepsiCo bottler Varun Beverages Ltd on Wednesday released its quarter earnings report for the Q1 of CY2025 with profit at Rs 726.49 crore, posting a growth of 35.22 per cent in comparison to Rs 537.27 crore recorded during the corresponding quarter of previous year. It posted revenue from operations at Rs 5680.03 crore, up 29.15
Infosys layoffs: In a fresh round of terminations, Infosys has let go of 195 more trainees at its Mysuru campus, according to a report by Moneycontrol. This marks the fourth round of layoffs at the Bengaluru-based IT giant, reportedly due to trainees failing internal assessments, as per the emails accessed by the outlet. This brings
A number of major companies across sectors have already released their Q4 numbers and with this, the fiscal fourth quarter earnings season is now in full swing. IT services giants like Tata Consultancy Services (TCS), Infosys, Wipro, HCL Tech, Tech Mahindra, banking majors like HDFC Bank, ICICI Bank, Axis Bank, Yes Bank, and others including
Mahindra & Mahindra (M&M) on Saturday announced plans to acquire a 58.96% stake in SML Isuzu for Rs 555 crore. The move aims to expand its footprint in the commercial vehicle space. As part of the deal, M&M will purchase 43.96% of SML Isuzu shares from promoter Sumitomo Corporation and an additional 15% stake held
India could allow foreign companies to take a stake of up to 49% in its nuclear power plants, three government sources said, as New Delhi draws up plans to open up its most-guarded sector to help achieve goals to cut carbon emissions. The government has considered changing its nuclear foreign investment framework since 2023. The
Airtel has launched a new international roaming plan for its users that will be applicable in 189 countries. The new international roaming plan aims to smooth the user experience in different countries without worrying about different international roaming zones and recharge packs. ALSO READBharti seeks equity swap for AGR dues The plan offers users access
Nestle India released its fourth quarter results for FY25 on Thursday wherein it posted profit for the period at Rs 873.46 crore, missing estimates. This was down 6.50 per cent in comparison to Rs 934.17 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 5503.88 crore, posting a growth
DA Hike for July-December 2025: Central government employees and pensioners are hopeful that the last dearness allowance (DA) revision in the 7th Pay Commission will be better than the last one announced for the January-June cycle 2025. The government hiked DA by 2% for the first half of the current calendar year. At present, the
Man Industries will raise Rs 300 crore through a preferential allotment of convertible warrants and equity shares. The company has scheduled an Extraordinary General Meeting (EGM) on June 25 to get the necessary approvals from investors. ALSO READVodafone Idea not out of woods yet: Can the latest fund raising spur a revival? As per the
The Indian benchmark indices, Sensex and Nifty, ended Tuesday’s session with sharp losses after a subdued start. The Sensex closed at 80,737.51, falling 636.24 points or 0.78%, while the Nifty slipped 174.10 points or 0.70% to settle at 24,542.50. The Nifty Bank index also declined, closing at 55,599.95, down by 0.54%. Here are 5 key
Income tax returns (ITRs) for AY 2025-26 (financial year 2024-25) finally started, with almost a two-month delay, on May 30, 2025. The Central Board of Direct Taxes (CBDT) on May 30 released two Excel-based utilities for ITR-1 and ITR-4 filers. Usually, the government makes online and offline ITR utilities available in the second or third
US President Donald Trump increased the tariffs on steel and aluminium, and the increased 50 percent tariffs would be effective from June 4. The increase in tariffs on steel and aluminium could have a major impact on Indian companies, as India exports about $4.6 billion worth of iron, steel, and aluminium products every year to
