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: FMCG major Procter & Gamble on Thursday announced it would reduce 7,000 jobs, or about 15 per cent of its current non-manufacturing positions, globally over the next two years. The company said employee separations will be managed with support and respect, and "in line with our principles and values and local laws". "Specific impacts by region or site are not available at this time. Plans will be implemented over the next two fiscal years, allowing us appropriately sequence the delivery of important innovation and operational projects," said the company in a statement. "We're continuing our strong track record of cash return to shareowners. Over the first three quarters of fiscal year 2025, P&G has returned more than $13 billion dollars to shareowners through dividends and share repurchases," said Andre Schulten, Chief Financial Officer, and Shailesh Jejurikar, Chief Operating Officer, at the 2025 Deutsche Bank Global Consumer Conference.
Alber doubled Williams-Sonoma's business since 2010 and widened the margin; growth is expected to continue and support a healthy capital return. There are many reasons to own a stock, and the CEO is one of them. The right CEO can be the defining factor in a company's success, shaping operations, driving growth, and delivering substantial shareholder returns. Strong leadership often signals not just steady performance but transformative potential. Brian Niccol and Laura Alber are prime examples of how executive vision can create lasting value. Their track records at Chipotle Mexican Grill Inc ...Read More >
New Delhi, Jul 14 (PTI) HCLTech on Monday reported a 9.7 per cent decline in consolidated net profit for the April-June quarter of this fiscal year at Rs 3,843 crore as the IT services firm and pegged the revenue growth guidance at 3-5 per cent for FY26. HCLTech had logged a net profit (attributable to owners of the company) of Rs 4,257 crore in the year-ago period, according to a regulatory filing. Also Read | How To Check Lottery Sambad Results: A Comprehensive Guide for Indian Lottery Enthusiasts. Revenue from operations for the quarter under review was 8.1 per cent higher at Rs 30,349 c ...Read More >
Mumbai: Sashidhar Jagdishan, managing director and chief executive officer of HDFC Bank, emerged as India's highest-paid banker in the last financial year. Jagdishan drew a salary of more than ₹12 crore in FY25, a 12% increase from the year before. In addition, he was allotted 212,052 shares in employee stock options (ESOPs). At the current market price of about ₹2,000 per share, these are valued at more than ₹42.4 crore. Amitabh Chaudhry, MD and CEO of Axis Bank, earned a salary of ₹9. ...Read More >
New Delhi, 21 August 2025: Shares of IRCON International are in focus as the Railway PSU has declared the record date for the final dividend for the financial year 2024-25 as Thursday, 11th September 2025. Meanwhile, the date of dividend payment, if declared, is Wednesday, 1st October, 2025. The shares of IRCON International closed at Rs 169.75, down by 1.13% in Thursday's trading session. However, the stock has fallen by over -22.08% as of YTD with a P/E ratio at 23.91. Ircon International Ltd. has declared 30 dividends since Sept. 1, 2003. In the past 12 months, the Railway PSU has declare ...Read More >
Mumbai: HCL Technologies on Monday announced that it has reported a 10 per cent decline in its consolidated net profit for the first quarter (Q1) of FY26 at Rs 3,843 crore, compared to Rs 4,257 crore in the same quarter the previous year (Q1 FY25). Despite the drop in profit, HCL Tech posted an 8 per cent year-on-year (YoY) growth in its revenue from operations, which rose to Rs 30,349 crore from Rs 28,057 crore in Q1 FY25, according to its stock exchange filing. On a sequential basis, the topline saw a marginal increase of 0.3 per cent from Rs 30,246 crore in the previous quarter. The IT ma ...Read More >
Bengaluru (Karnataka) [India], July 17 (ANI): Technology services and consulting company Wipro on Thursday announced financial results for the quarter ended June 30, 2025. The company reported gross revenue at Rs 221.3 billion (USD 2,581.6 million), a decrease of 1.6 per cent quarter-on-quarter and an increase of 0.8 per cent year-on-year. The IT services segment revenue was at USD 2,587.4 million, a decrease of 0.3 per cent QoQ and 1.5 per cent YoY. The IT services operating margin for the quarter was at 17.3 per cent, a contraction of 0.2 per cent QoQ and expansion of 0.8 per cent YoY. Th ...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 >
Investing.com -- Microsoft CEO Satya Nadella received a $96.5 million pay package for fiscal 2025, his highest compensation since becoming CEO over a decade ago, as the company's board cited exceptional progress in artificial intelligence. About 90% of Nadella's compensation is in Microsoft (NASDAQ:MSFT) shares, with a base salary of $2.5 million. This represents a significant increase from the $79.1 million he received in the previous fiscal year. The compensation committee stated that the res ...Read More >
June 30 (Reuters) - Futures tracking the S&P 500 and Nasdaq touched record highs on Monday, as optimism over U.S. trade negotiations with its key partners helped support upward momentum in markets. Shares of technology heavyweights rose premarket after Canada scrapped its digital services tax targeting U.S. tech firms, just hours before it was due to take effect, in a bid to advance stalled trade negotiations with the United States. Shares of Amazon (AMZN.O), opens new tab, Meta Platforms (META ...Read More >
New Delhi: HCLTech on Monday reported a 9.7 per cent decline in consolidated net profit for the April-June quarter of this fiscal year at Rs 3,843 crore as the IT services firm and pegged the revenue growth guidance at 3-5 per cent for FY26. HCLTech had logged a net profit (attributable to owners of the company) of Rs 4,257 crore in the year-ago period, according to a regulatory filing. Revenue from operations for the quarter under review was 8.1 per cent higher at Rs 30,349 crore, as against Rs 28,057 crore in Q1FY25. Seen sequentially, profit fell 10.7 per cent, while revenue was marginal ...Read More >
ET Intelligence Group: Wipro's June quarter performance was better than the muted expectations of analysts. The company continued to report traction in new deals helped by the sustained business momentum in the recently acquired entities. While the management stated that uncertainty in the global business environment persisted, it also highlighted that the new deal wins consisted of some of the contracts that resulted from vendor consolidation, reflecting its competitive offerings. In addition, t ...Read More >
New Delhi [India], September 15 (ANI): India's overall exports, merchandise and services combined, in August 2025 were reported at USD 69.16 billion, marking a 9.34 per cent rise on a yearly basis, data from the Union Commerce Ministry showed on Monday. The total exports in August 2024 were pegged at USD 63.25 billion. Exports of merchandise goods rose from USD 32.89 billion to USD 35.10 billion, and exports of services rose from USD 30.36 billion to USD 34.06 billion during August 2025. Also Read | Fact Check: Pakistani Actor Fawad Khan and Vaani Kapoor's 'Abir Gulaal' To Release in Indian ...Read More >
MUMBAI: The mega Rs 18,000-crore share buyback of Infosys, which is the biggest-ever offer that the IT major has announced till date, is opening November 20, and closes on the 26th. The price for the buyback, first since 2022, has been set at Rs 1,800/share. In the previous buyback the Bengaluru company had agreed to buyback worth Rs 9,300 crore. It can be noted that some of the promoters of the company had decided to opt out of the buyback, which according to analysts, signals confidence in future prospects and improves the entitlement ratio for retail investors. In an exchange filing on O ...Read More >
Bhubaneswar, March 31 (SocialNews.XYZ) The Comptroller and Auditor General of India (CAG) said on Tuesday that Odisha posted moderate growth in 2024-25 compared to the previous financial year, while cautioning against fiscal stress risks arising from the under-realisation of revenue receipts, low own-tax mobilisation, poor dividend collection, long-outstanding loans, and concentrated short- to medium-term repayment obligations. The State Finances Audit Report of the Odisha government for 2024-25, presented in the State Assembly, noted that the state's overall fiscal position remained stable, ...Read More >
New Delhi: Indian Oil had declared a dividend in its Q4 results for the financial year 2024-25, which was announced earlier in April. Indian Oil, a Maharatna company and a key constituent of the BSE 100 index, holds a market capitalization of Rs 2,06,452.51 crore as of June 26, 2025, according to BSE data. In an exchange filing made earlier in April, Indian Oil's board of directors declared a final dividend of 30 percent for the year 2024-25, which translates to Rs 3 per equity share of Rs 10 face value. This means that shareholders will receive Rs 3 as dividend for each share they hold. The ...Read More >
New Delhi, July 8 (SocialNews.XYZ) Finance Minister Nirmala Sitharaman on Tuesday received dividend cheques to the tune of Rs 5,304 crore on behalf of the government from three public sector banks for the financial year ended on March 31, 2025. A dividend cheque of Rs 2,335 crore for FY 2024-25 was presented to the Finance Minister, in her North Block office, by Punjab National Bank MD and CEO Ashok Chandra, while Bank of India MD & CEO Rajneesh Karnatak presented a cheque of Rs 1,353 crore. The third dividend cheque of Rs 1,616 crore for FY 2024-25 was presented to Finance Minister Sitharama ...Read More >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including advanced markets in Japan and Europe, which is aligned with India's vision of becoming a global aut ...Read More >
Indian Renewable Energy Development Agency (IREDA), the public sector power financier, on Tuesday posted a consolidated net profit of Rs 549.33 crore for Q2 FY26, up 41.5% year-on-year (YoY) from Rs 388 crore in the same quarter last year. Post earnings announcement, shares of the company rose 4% to the day's high of Rs 155.85 on the BSE. Revenue from operations rose 26.2% YoY to Rs 2,057 crore, compared with Rs 1,629.55 crore in Q2 FY25, the company said in an exchange filing. Asset quality i ...Read More >
India's second largest software exporter also narrowed its revenue estimates for the fiscal year by lifting the lower end of the growth guidance, to 2-3% from 1-3% in constant currency, which excludes the impact of currency movements. This is a further improvement from the previous quarter, when it tweaked the outlook from the earlier 0-3% growth. It retained the operating margin guidance of 20-22%. Infosys on Thursday beat analyst estimates with a 13.2% year-on-year and 6.4% sequential increase ...Read More >
The Hindustan Aeronautics Limited (HAL) has recorded a revenue of ₹32,250 crores (provisional and unaudited) for the financial year ended March 31, 2026, as against the revenue of ₹ 30,981 crores during the previous year. The Bengaluru headquartered defence PSU said that achievement was made possible despite the challenges faced in deliveries of LCA Mk1A and HTT 40 due to supply chain issues arising from geopolitical and technical challenges. However, deliveries of ALH, AL31-FP, RD-33 engin ...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 >
AHMEDABAD: Homegrown pharma major, Zydus Lifesciences Limited, on Tuesday reported a 17.3% rise in consolidated net profit for FY 2025 at Rs 4,525.5 crore, up from Rs 3,859.5 crore in the previous year, driven by strong US and India sales. The board recommended a final dividend of Rs 11 per equity share, subject to shareholder approval at the AGM on 12 August 2025.For the March quarter (Q4), net profit fell marginally by 1.0% to Rs 1,170.9 crore from Rs 1,182.3 crore a year earlier, impacted by a one-time loss of Rs 220 crore. Adjusted for this, net profit rose 18% year-on-year to Rs 1,390.5 c ...Read More >
MUMBAI/NEW DELHI: Following public backlash over a video showing Air India SATS executives partying in their Gurugram office shortly after the June 12 Air India flight 171 crash, Tata Group has taken disciplinary action against several people.Four senior officials were suspended from Air India SATS, while multiple others were issued a warning, the company said on Friday.The video, which garnered over 3.8 million views on X, captured several executives dancing with loud music playing during a cele ...Read More >
Bengaluru: Persistent Systems' revenue in the September quarter rose by 4.4% in constant currency and increased by 4.2% quarter-on-quarter in dollar terms to reach $406 million. Its revenue grew 17.6% year-on-year. Persistent's strong performance drove the share price up by nearly 6% on the BSE on Wednesday.Industry-wise, sales grew quarter-on-quarter by 7% in BFSI, 3.8% in healthcare, and 2.2% in tech and emerging verticals. The company's EBIT margin stood at 16.3%, up 80 basis points sequentially. Persistent reaffirmed its $2 billion revenue target for FY27, implying an 18% CAGR over FY25-27 ...Read More >
New Delhi, Oct 28 (PTI) IT firm Happiest Minds Technologies on Tuesday reported a 9 per cent increase in consolidated net profit to Rs 54 crore in the September quarter. The Bengaluru-headquartered IT firm had logged a profit of Rs 49.5 crore in the year-ago period, according to a regulatory filing. The company's revenue for operations rose 9.95 per cent to Rs 573.57 crore, as against Rs 521.64 crore a year ago. Seen sequentially, profit fell 5.4 per cent while revenue increased 4.3 per cent. "Our success in Generative and Agentic AI is evident from 22 transformative use cases that have pr ...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 >
New Delhi [India], December 12 (ANI): The gross NPA ratio of public sector banks declined to 3.12 per cent in September 2024 from 4.97 per cent in March 2015 and a peak of 14.58 per cent in March 2018, the government stated on Thursday, reaffirming the robustness of the banking system. The government emphasised its proactive support for the banking ecosystem, addressing both business needs and employee welfare to ensure stability, transparency, and growth. Also Read | Places of Worship Act Validity: Supreme Court Restrains Courts in Country Not to Entertain, Pass Orders on Suits Related to R ...Read More >
New Delhi, June 28 (SocialNews.XYZ) Air India SATS (AISATS) has sacked four senior officials after a video of an office party in Gurugram went viral, triggering widespread shock and outrage over the callous attitude of the staffers as the nation mourns the death of 270 people in the tragic Ahmedabad plane crash. The video, which featured AISATS Chief Operating Officer Abraham Zachariah and other officials dancing to blaring music, was widely condemned on social media. AISATS is a company that provides airport ground services. It is a joint venture, owned equally (50-50) by two companies -- A ...Read More >
New Delhi: HDFC Bank on Wednesday said its board in its meeting on July 19 will decide on issuing bonus shares and special interim dividend. Shares of HDFC Bank gained 1.33 per cent to touch a high of Rs 2,021.90 in the early morning trade after the company's announcement on BSE. Earlier on June 23, the bank had announced that its board will meet on July 19, Saturday, to consider and approve the financial results for the April-June quarter of the current fiscal. In a regulatory filing on Wednesday, HDFC Bank said its board would also consider the proposals of declaration of a special interi ...Read More >
Panaji: Defence shipbuilder Goa Shipyard Ltd (GSL) reported its strongest-ever financial performance, with gross revenue crossing the Rs 3,000 crore mark for the first time in FY 2024-25. Revenue surged 53% to Rs 3,190 crore, while the value of production jumped 71% to Rs 2,801 crore. GSL's order book stood at over Rs 16,000 crore as of April 1, comprising multiple projects for the Indian Navy, Indian Coast Guard, and overseas clients.The company is in final negotiations for a landmark Rs 18,000 crore contract to build the Indian Navy's next-generation corvettes, which, once signed, could push ...Read More >