Reliance Jio continued to lead the monthly mobile subscriber additions for the second month in a row, registering 2.17 million new users in March, according to the data released by the Telecom Regulatory Authority of India (Trai). Bharti Airtel, country’s second largest telco, added 1.25 million subscribers during the month. After losing 20,720 subscribers in
KFC, Pizza Hut operator Sapphire Foods on Wednesday released its fiscal fourth quarter earnings report wherein profit remained flat at Rs 2.02 crore. It posted revenue from operations at Rs 711.34 crore. This was 12.61 per cent higher in comparison to Rs 631.70 crore recorded during the corresponding quarter of FY24. The company EBITDA stood
Polycab India Ltd on Tuesday released its fiscal fourth quarter earnings report with profit at Rs 726.67 crore, surpassing estimates. This was 33.09 per cent higher in comparison to Rs 546.00 crore during the corresponding quarter of FY24. It posted revenue from operations at Rs 6985.80 crore, up 24.93 per cent as against Rs 5591.90
Prominent international private equity companies and major Indian healthcare companies are preparing to bid for the Sahyadri Hospitals as the company extends its bidding deadline. As per media reports, the bidders include prominent indian healthcare groups like Max Healthcare, Manipal Hospitals, and private equity companies like KKR, Blackstone, and EQT Partners. Sahyadri Hospitals was bought
The top audit firms have cemented their position in FY25 with India Inc preferring to get their audit work done by Big 6 firms like Deloitte, EY, Grant Thornton, KPMG, BDO, and PwC. Analysis shows that top six audit firms handled 326 assignments of the 483 Nifty-500 companies as on March 2025. Their dominance has
Tata Consultancy Services (TCS) and IBM are collaborating to advance the quantum industry in India through the Government of Andhra Pradesh’s new Quantum Valley Tech Park, which is under construction in Amaravati. The park will house an IBM Quantum System Two, equipped with a 156-qubit Heron quantum processor, making it the largest quantum computer in
Zoho has suspended its semiconductor chip manufacturing plans. It had planned to invest about $700 million to establish semiconductor manufacturing facilities. The company was unable to find the right technology partner for its semiconductor businesses, Reuters reported. Sridhar Vembu, Zoho’s founder, said in a post on X that the semiconductor manufacturing business is very capital-intensive
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
In a significant relief for taxpayers who had filed income tax returns (ITRs) late but with proper condonation from the Income Tax Department, the Central Board of Direct Taxes (CBDT) has allowed processing of such returns and issuance of refunds by March 31, 2026. The tax department’s move is aimed at addressing cases where valid
Amazon India is gearing up for a higher penetration in the interior of India as it opens new fulfillment centres in the tier-2 cities. On Thursday, the company said that it has launched 5 new fulfillment centres in India, with 4 located in tier-2 cities, Indore, Bhubaneshwar, Kochi, and Rajpura (Punjab). While the global e-commerce
Motilal Oswal has a ‘Buy’ rating on Coforge, with a target price of Rs 2,200, implying an upside of 18%. The brokerage expects that the company has a strong executable order book and resilient client spending across verticals that bodes well for its organic business. Motilal Oswal on Coforge: Management confident of organic growth Coforge’s
ITR Filing AY 2025-26: One common question most taxpayers grapple with every year when they file their income tax return (ITR) is if they can claim both House Rent Allowance (HRA) and home loan interest deduction benefits. So, the answer is ‘yes’, it is legally possible since many taxpayers live on rent and also pay
In a major development in India’s private retail energy sector, Adani Total and Jio BP have partnered to integrate each other’s energy products at their retail outlets. According to an Adani Total Gas statement, while Adani Total Gas outlets will offer Jio BP’s petrol and diesel at their outlets, Jio BP will integrate Adani Total
