India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
New Delhi: VerSe Innovation, India's one of the leading local-language technology and AI-driven platforms, has reported strong financial and operational performance for FY25. According to the company, it achieved 88% year-on-year consolidated growth in revenue from operations, alongside a 20% reduction in EBITDA burn, while expanding monetisation, geographic reach, and operational efficiency -- paving the way for sustainable, profitable scale. These audited accounts were reportedly approved by shareholders at the Company's Annual General Meeting. Road to Profitability According to the company, it is on track to achieve group-level EBITDA breakeven and profitability in H2 FY26. The company added that the key growth drivers include AI-led monetisation through NexVerse.ai, subscription growth via Dailyhunt Premium powered by Magzter, community and creator engagement with Josh Audio Calling and VerSe Collab, and strategic acquisitions integrating Magzter and ValueLeaf to strengthen premium content and enterprise offerings across B2B and consumer ecosystems.
New Delhi, Dec 26 (PTI) The Metropolitan Stock Exchange of India (MSE) is set to raise Rs 238 crore from four entities including Billionbrains Garage Ventures, Groww's parent, and Zerodha's Rainmatter Investments in a bid to stay afloat. Others who invested in MSEI are -- BSE-listed Share India Securities, and Securocorp Securities India. The exchange's board in its meeting on Tuesday approved the issuance of 1.19 billion equity shares at Rs 2 per share, comprising Rs 1 face value and Rs 1 premium to these four investors through a private placement, according to a disclosure on MSEI's websit ...Read More >
Mumbai, June 2 (SocialNews.XYZ) Shares of Piccadily Agro Industries Limited, the Haryana-based distillery best known for its award-winning 'Indri' single malt whisky, have nosedived more than 40 per cent so far this year. On Monday, the company's share price further dropped by 1.67 per cent, or Rs 9.70, during the intra-day trade, adding to the downward momentum. While the shares had shown some short-term recovery -- rising 1.82 per cent over the past five trading days and gaining 7.31 per cent over the last month -- the longer-term picture remains bleak. In the past six months, the stock h ...Read More >
New Delhi, Jul 15 (PTI) YouTuber Samay Raina appeared before the National Commission for Women (NCW) in Delhi on Tuesday, months after he was summoned in connection with allegedly offensive and sexist content aired during his show "India's Got Latent", officials said. Raina was also among the five social media influencers who appeared before the Supreme Court in a case seeking action against them for ridiculing persons suffering from disabilities. Raina submitted his statement in response to the allegations to NCW officials. Officials said further steps will be considered after reviewing his ...Read More >
Mumbai : TenderCuts, India's first omnichannel fresh meat and seafood brand, has raised USD 2 million through debt from Lakme Finance. The raise follows the company's transition to profitability, making TenderCuts the first organised player in the fresh meat and seafood category in India to achieve positive EBITDA at both the store and consolidated levels. Founded on an omnichannel model that integrates neighbourhood retail with digital convenience, TenderCuts has, from its inception, focused on building a structured and scalable fresh meat and seafood ecosystem. The current fund raise comes ...Read More >
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, April 06, 2026 (GLOBE NEWSWIRE) -- Fairfax India Holdings Corporation ("Fairfax India") (TSX: FIH.U) announces additional details regarding its upcoming hybrid annual shareholders' meeting. As disclosed in our annual meeting materials and on our website, the hybrid meeting will be held both in-person and virtually on Wednesday, April 15, 2026 and will commence at 9:30 a.m. Eastern Time, with the formal annual meeting and a presentation by Benjamin Watsa, Fairfax India's Chairman and Gopalakrishna ...Read More >
Solar Industries (SOIL)'s operating performance was in line with consensus' estimate. EBITDA, at INR 5.3bn, jumped 19% YoY driven by robust defence and exports, compensating for the subdued performance in mining and infra segments, which were impacted on account of monsoon arriving early. Defence revenue rose 115% YoY to INR 4,180mn while exports and overseas grew 42.7% YoY to INR 8,260mn. EBITDA margins were largely stable QoQ at 24.8% (~150bps dent due to hyper-inflation in Turkey and FX fluctu ...Read More >
Mumbai (Maharashtra) [India], September 16: TAC Infosec Limited (NSE: TAC) ("TAC Security" or the "Company"), a NSE-listed cybersecurity company today announced that the Board of Directors of TAC InfoSec Limited today approved the issue of bonus shares in the ratio of 1:1 i.e. every shareholder holding 1 (one) fully paid-up equity share of Rs. 10/- each as on the record date to be fixed by the Board on a later date, will receive 1 (one) fully paid-up equity share of Rs. 10/- each. The bonus shares are expected to be credited/dispatched on or before Nov 04, 2025. Also Read | Fact Check: Fake A ...Read More >
Sidbi achieved an all-time high net profit of Rs 4,811 crore in FY25, marking a 19.5% increase, with its balance sheet surpassing Rs 5.6 lakh crore. The bank maintained excellent asset quality and approved a 20% dividend. Sidbi remains dedicated to bolstering the MSME sector through digital initiatives, green energy promotion, and expanding its branch network for wider credit access. Small Industries Development Bank of India (Sidbi) on Monday said its net profit rose by 19.5 % to hit an all-tim ...Read More >
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite MI's dominant chase of 220. KKR seemed in control after posting a commanding 220/4, but the script ...Read More >
HELSINKI - Finnish financial company Sampo Oyj (HEX:SAMPO) has completed the acquisition of its own A shares on November 26, as part of its ongoing share buyback program. The company reported that a total of 93,734 shares were purchased across various marketplaces at a weighted average price of €40.16 per share. The buyback initiative, which was first announced on June 17, 2024, originally set out to purchase up to €400 million worth of its own shares. Following a decision by Sampo's Board of Directors on September 16, 2024, the program was expanded to €475 million. The buyback is conducted u ...Read More >
Jamshedpur, July 2: Tata Steel held its 118th Annual General Meeting (AGM) on July 2, where the company's Chairman addressed shareholders with a comprehensive overview of the company's performance, challenges, and strategic direction. The meeting opened on a solemn note, acknowledging recent losses within the Tata Group and paying tribute to significant figures whose contributions shaped the company. "There is a lot to talk about today," said the Chairman. "But I must begin by acknowledging the heavy loss we have felt in recent months. Across the entire Tata Group, we honour those who lost th ...Read More >
NewsVoir New Delhi [India], July 15: Moglix, one of Asia largest B2B e-commerce and supply chain technology companies, has announced the inauguration of its greenfield bitumen processing facility under DRG Industries, the manufacturing arm of Moglix. Located in Kosi Kalan, Mathura, the facility is set to commence commercial production in July 2025. This marks a strategic step in Moglix commitment to powering India infrastructure transformation with future-ready, sustainable materials. India vision of Viksit Bharat hinges on developing infrastructure that is not only expansive but also durabl ...Read More >
NewsVoir Kolkata (West Bengal) [India], April 1: NowPurchase an AI enabled B2B platform that helps metal manufacturers optimize production and procure raw materials, today announced the successful raise of 80 crores led by Bajaj Finserv, one of India's largest and most diversified financial services groups, with participation from existing investors InfoEdge Ventures & Orios Venture Partners. The round also saw participation from prominent individual investors & family offices including Shikhar Raj, Real Ispat Group, Madhur Gupta (Promoter & Director of Lloyds Group), VC Grid, and Professor K ...Read More >
NewsVoir New Delhi [India], July 15: Moglix, one of Asia's largest B2B e-commerce and supply chain technology companies, has announced the inauguration of its greenfield bitumen processing facility under DRG Industries, the manufacturing arm of Moglix. Located in Kosi Kalan, Mathura, the facility is set to commence commercial production in July 2025. This marks a strategic step in Moglix's commitment to powering India's infrastructure transformation with future-ready, sustainable materials. India's vision of Viksit Bharat hinges on developing infrastructure that is not only expansive but als ...Read More >
Steel prices are rebounding and earnings visibility is improving -- Anand Rathi flags three metal stocks that could outperform in Q4 FY26. India's metals and mining companies are seeing stronger pricing, improving demand and better earnings visibility, according to a recent sector note released by Anand Rathi Share and Stock Brokers. The brokerage has identified a handful of companies where the improvement is sharp enough to stand out from the broader pack. Its focus remains on businesses that a ...Read More >
TIPS Music, one of India's leading music labels, has received a 'Buy' rating from YES Securities as it initiated coverage on the firm, with a target price of Rs 1,050, indicating a potential upside of 18% from the current market price of Rs 888.65. Shares of TIPS Music climbed as much as 1.7% on Tuesday to Rs 888.65 on BSE. Yes Securities has valued TIPS Music at a Price-to-Earnings (P/E) ratio of 47 times based on projected earnings per share (EPS) for September 2026, reinforcing its bullish recommendation. The bullish stance comes as TIPS Music leverages industry tailwinds, such as the rapi ...Read More >
In a turbulent market environment, Leslie's Inc. (LESL) stock has tumbled to a 52-week low, reaching a price level of just $2.42. This significant downturn reflects a stark contrast from its performance over the past year, with the company's shares experiencing a precipitous decline of -54.12%. Investors are closely monitoring Leslie's financial health and market position, as the stock's current valuation marks a critical juncture for the company's future trajectory. The substantial year-over-year drop has raised concerns among shareholders and market analysts alike, as they seek to understand ...Read More >
Mumbai: Net profit of Nifty 50 companies at the aggregate level is expected to increase 4.6% year-on-year while revenue may increase 4.5% for the June 2025 quarter. Net profit is likely to show single-digit year-on-year growth for the first time in at least nine quarters amid an anticipated poor performance by select companies, including Tata Motors, IndusInd Bank and Coal India. The sample's revenue is expected to grow in single digit for the fourth consecutive quarter reflecting persistent muted demand scenario. Select companies from metals, pharmaceuticals, cement, banking and finance and ...Read More >
NEW DELHI/BATHINDA: The Directorate of Enforcement (ED) on Friday conducted searches at 22 de-addiction centres across Punjab, including in Chandigarh, Barnala and Ludhiana, after its investigation revealed illegal sale of drugs by these centres. The agency also searched a premise in Mumbai linked to the accused.Dr Amit Bansal, who runs these 22 centres, is prime accused in the case, sources said. Bansal, against whom Punjab Police has registered multiple FIRs, is alleged to be engaged in illegal sale of drugs from his de-addiction centres.Privately-run drug de-addiction centres in Punjab are ...Read More >
Zee Entertainment Enterprises Ltd (ZEEL) shares rose 5% on November 29 a day after shareholders rejected proposal to reappoint Punit Goenka as director. The media firm's shares rose over 5% to Rs 132.69 apiece on November 29. In a regulatory filing by the company on November 28, ZEEL said that the resolution for the reappointment of Goenka was defeated in the annual general meeting (AGM) of the company. Resolution number three in the AGM, which proposed the reappointment of Goenka as director, was supported by only 49.54 per cent of the total number of votes cast while 50.4 per cent voted a ...Read More >
Mumbai, June 29 (SocialNews.XYZ) It was a belligerent, brilliant, and breathtaking performance from the Chennai Bulls, who were crowned the first ever champions of the Rugby Premier League, here in Mumbai, at the Shahaji Raje Bhosale Sports Complex. The Chennai Bulls thrashed the Delhi Redz by a scoreline of 41-0 in the final, to clinch the title. In fact, the margin of victory is the biggest across Season 1 of the GMR RPL. Meanwhile, the Hyderabad Heroes, who had finished top of the table in the league stage, came away with a third-place finish, after they won 17-12 against the Bengaluru Bra ...Read More >
Mumbai: Saraswat Co-operative Bank, the largest urban cooperative lender, has received RBI approval to merge New India Co-operative Bank with itself. The merger will take effect from Aug 4, 2025, and all branches of NICB will operate as branches of Saraswat bank from that day.Following the merger, Saraswat Bank will assume all assets and liabilities of New India Bank. "Customers, including depositors of NICBL, will be treated as customers of Saraswat Bank with effect from 4th August, 2025, and their interests will be fully protected," Saraswat Bank said.The move follows approvals by shareholde ...Read More >
The company had logged a net profit of ₹73.33 crore in the same period a year ago. New Delhi: Domestic telecom gear maker HFCL posted a decline of 1.72% in consolidated profit after tax to ₹71.92 crore for the second quarter ended September 30, 2025. The company had logged a net profit of ₹73.33 crore in the same period a year ago. However, HFCL business has shown recovery from loss of ₹29.30 crore in the previous quarter. "The strong recovery in margins and profitability, combined wi ...Read More >
Venture capital investments in India rose to approximately USD 16 billion in 2025, marking continued growth despite global economic challenges. The increase in funding was broad-based, driven by deals below USD 50 million and larger transactions exceeding USD 250 million. Technology sectors like fintech and SaaS led the way. Despite a global slowdown, India's venture capital sector thrived in 2025, with investments reaching around USD 16 billion, a second consecutive year of growth, according to ...Read More >
New Delhi, May 26 (PTI) Zepto Co-Founder and CEO Aadit Palicha has accused the chief financial officer of a competing company of orchestrating a smear campaign against his quick commerce platform. In a LinkedIn post on late Sunday, Palicha, not taking names, alleged that the CFO of one of Zepto's competitor firms has been reaching out to Zepto's investors with unsubstantiated claims, distributing false financial data to journalists, and employing bots to spread negative narratives about Zepto on social media. "Over the past few days, the CFO of one of our competitors has been trying to build ...Read More >
Mumbai: Zee Entertainment Enterprises Ltd failed to secure shareholder approval for its proposal to issue fully convertible warrants to promoter group entities on a preferential basis at an extraordinary general meeting (EGM) on Thursday. The rejection of the resolution highlights growing shareholder concerns over corporate governance and promoter influence, market watchers said. While 60% participating shareholders voted in favour of the resolution at the EGM, it fell short of the 75% threshold required for special resolutions under company law. The company had planned to raise ₹2,237.44 c ...Read More >
Mumbai (Maharashtra) [India], June 27 (ANI): JSW Paints Limited, on Friday, entered into definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India Limited (ANIL) from Akzo Nobel NV and its affiliates, for a maximum consideration under the Share Purchase Agreement of up to Rs 8,986 crores, subject to certain closing adjustments (Proposed Transaction). The Proposed Transaction is subject to approval from the Competition Commission of India and the completion of a mandatory tender offer (Open Offer) to the public shareholders of ANIL. Also Read | Bengaluru Shocker: Woman R ...Read More >
Dibrugarh: In one of the largest anti-encroachment drives in recent years, the Lakhimpur district administration on Thursday demolished 218 illegal homes and cleared 288 bighas of encroached land across three Village Grazing Reserves (VGRs).The eviction drive, which was conducted under the supervision of district commissioner (DC) Pronab Jit Kakoty and senior superintendent of police (SSP) Gunendra Deka, saw a massive deployment of police and paramilitary forces, along with 12 excavators, at Phukanarhat, Debera Doloni and Christian VGR areas."The drive was conducted peacefully and no untoward ...Read More >
Mumbai (Maharashtra) [India], June 27 (ANI): JSW Paints Limited, on Friday, entered into definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India Limited (ANIL) from Akzo Nobel NV and its affiliates, for a maximum consideration under the Share Purchase Agreement of up to Rs 8,986 crores, subject to certain closing adjustments (Proposed Transaction). The Proposed Transaction is subject to approval from the Competition Commission of India and the completion of a mandatory tender offer (Open Offer) to the public shareholders of ANIL. JSW Paints is India's fastest growing ...Read More >
ITANAGAR, 28 Jun: "If you wish to build in India, Arunachal Pradesh is your launch pad. If you seek to invest in sustainability, we offer the greenest canvas. If you dream of bridging tradition with innovation, we welcome you with both hands," said Industries Minister Nyato Dukam, addressing an investment and entrepreneurship workshop on the Uttar Poorva Transformative Industrialization Scheme (UNNATI-2024) and other industrial investment schemes at the state banquet hall here on Saturday. He added, "Let us come together to script the next chapter of Arunachal's growth - one that is inclusiv ...Read More >