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NEW DELHI: The government has introduced four amendments to the Income Tax Act, 1961, relevant for FY 2025-26, but included in the Income Tax Bill, 2025, applicable for FY 2026-27, Union Finance Minister Nirmala Sitharaman has said. The major amendment grants tax exemption on dividends, interest, and long-term capital gains to sovereign wealth funds and pension funds investing in infrastructure from April 1, 2020, to December 31, 2030, subject to notification. The Public Investment Fund (PIF) ...Read More >
Aug 14 (Reuters) - Australian power producer Origin Energy (ORG.AX), opens new tab signalled higher operating earnings at its energy retailing segment in the coming year on Thursday after reporting better-than-expected 2025 earnings, sending its shares to the highest in over a decade. The country's largest gas and electricity retailer forecast underlying operating earnings from its Energy Markets division between A$1.4 billion and A$1.7 billion ($916.4 million-$1.11 billion) in fiscal 2026. Th ...Read More >
New Delhi, Aug 4 (PTI) Paints and coatings maker Akzo Nobel India Ltd on Monday reported a 20.6 per cent decline in consolidated net profit to Rs 91 crore in the June quarter, impacted by lower sales amid tepid consumer demand. It had posted a consolidated net profit of Rs 114.6 crore in the corresponding period last fiscal, Akzo Nobel India said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 995.1 crore as compared to Rs 1,036.3 crore in t ...Read More >
Mumbai: HDFC Bank reported a 12.2% year-on-year rise in standalone net profit to Rs 18,155 crore for the quarter ended June 2025, driven by a sharp increase in other income and lower tax outgo. The profit was up from Rs 16,175 crore in the year-ago quarter, even as provisions surged more than fourfold.The board also approved the issue of bonus shares in the ratio of 1:1, i.e., one bonus share for every share held, subject to shareholder approval. In addition, it declared an interim dividend of R ...Read More >
Bengaluru: The Karnataka Commercial Tax Department has once again issued a clarification regarding the recent tax notices sent to bakeries, condiments, and tea stalls in Bengaluru. Following earlier backlash, the department had stated that traders with annual turnover below ₹1.5 crore can opt for the Composition Tax Scheme and pay only 1% tax, offering significant relief. Now, in a press release, the department reiterated that traders who have received notices should visit their respective tax ...Read More >
Mumbai, July 18: Reliance Industries on Friday reported a strong 78 per cent year-on-year (YoY) jump in its consolidated net profit for the first quarter (Q1) of FY26, reaching Rs 26,994 crore. The company's revenue from operations also rose 5.3 per cent to Rs 2,48,660 crore compared to Rs 2,36,217 crore in the same quarter previous year, according to its stock exchange filing. The company's operating performance also improved significantly. Its earnings before interest, taxes, depreciation and ...Read More >
Udaipur: Vedanta group firm Hindustan Zinc Ltd (HZL) on Friday reported 4.7% decline in consolidated net profit at Rs 2,234 crore for the quarter ended June 30, 2025 on account of decline in revenue.The company had posted a net profit of Rs 2,345 crore in the year-ago period, HZL said in a filing to BSE.Revenue during the first quarter of FY26 dropped to Rs 7,591 crore from Rs 7,893 crore in the year-ago period.In a statement, HZL said the decline in revenue was due to reduced volumes and decrea ...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, ...Read More >
Mumbai (Maharashtra) [India], July 15: MIRC Electronics Limited (NSE Code: MIRCELECTR, BSE Code: 500279), renowned for its legacy in electronics and home appliances, opens its Rights Issue on Monday, July 14, 2025, aiming to raise ₹ 49.49Crore. Also Read | Mumbai's Matcha Parties: Dive Into the Micro Events Sparking Excitement!. The issue size is 4,94,89,847 equity shares at a face value of ₹1 each with an Issue Price of ₹ 10 Per Share. Rights Issue details: Also Read | Will Banks Be Cl ...Read More >
The Indian Hotels Company Limited (IHCL) is India's largest hospitality company by market capitalisation (₹1.08 trillion), offering a unique blend of Indian warmth and world-class service through a diverse portfolio of brands. Indian Hotels share price: Indian Hotels Company Limited (IHCL) share price was buzzing in trade on Friday, July 18, 2025, with the scrip rising as much as 1.63 per cent to an intraday high of ₹766.40 per share. At 9:30 AM, IHCL share price was trading 0.91 per cent high ...Read More >
New Delhi: 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 contra ...Read More >
New Delhi, Jul 17 (PTI) The third season of the Oriental Cup, a school football tournament in the national capital, will be held from July 21-29, the organisers said on Thursday. Started by student-athlete Fareed Bakshi, the tournament will take place at the Ambedkar Stadium, bringing together 36 teams from schools across Delhi. Also Read | Which Team Ben Stokes Is Part of in The Hundred 2025? Here's the Franchise England Test Captain Will Play For in 100-Ball Competition. There will be 24 te ...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 qu ...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. Also Read | 'I Know What You Did Last Summe ...Read More >
The development will offer a mix of 3- and 4-BHK residences ranging from 1,125 to 2,500 sq ft, along with a limited number of exclusive penthouses. Gurugram-based DLF, India's top listed real estate developer, has entered the Mumbai market with a premium residential development, investing Rs 800-900 crore in the first phase of the project, which is estimated to generate Rs 2,300 crore in revenue. The first phase of the project, The Westpark, comprising four 37-storey residential towers and 416 ...Read More >
New Delhi [India], July 17: The rules of performance marketing have changed. What once worked - batch reports, generic creatives, and reactive decision-making - now leads to wasted budgets and missed targets. Today, it's all about speed, precision, and knowing exactly where your next best opportunity lies. Also Read | Wipro Q1 FY26 Results: Tech Giant Reports 11% Rise in Net Profit to INR 3,336 Crore, Announces INR 5 Interim Dividend. That's where performance marketing expert Nipun Taneja step ...Read More >
New Delhi [India], July 17: The world of marketing is undergoing a seismic shift, and it's powered by artificial intelligence. As AI-enabled marketing tools become more intelligent and widely adopted, the very structure of marketing teams is beginning to change. Routine tasks that once required human input are now being executed faster, more accurately, and at scale by smart systems. Also Read | Wipro Q1 FY26 Results: Tech Giant Reports 11% Rise in Net Profit to INR 3,336 Crore, Announces INR 5 ...Read More >
Mumbai, July 17 (SocialNews.XYZ) Tech giant Wipro on Thursday reported an 11.1 per cent increase in its consolidated net profit for the April-June quarter (Q1) of FY26, reaching Rs 3,336.5 crore, compared to Rs 3,003 crore in the same quarter previous year. The company's consolidated revenue from operations stood at Rs 22,134.6 crore, showing a marginal increase from Rs 21,963.8 crore recorded during the same period previous year, according to its stock exchange filing. Wipro also declared an ...Read More >
New Delhi, Jul 16 (PTI) 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. Also Read | Kolkata Fatafat Result Today, July 16, 2025: Kolkata FF Live Winning Numbers Released, Know When and Where To Check Result Chart of Satta Matka-Type Lottery Game. Earlier on June 23, the bank ...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 Wedn ...Read More >
NEW DELHI: The Unique Identification Authority of India has urged parents to update the Aadhaar biometrics of children between five and seven years."Timely completion of mandatory biometric update is an essential requirement for maintaining the accuracy and reliability of biometric data of children. If the MBU is not completed even after seven years of age, the Aadhaar number may be deactivated, as per the existing rules," the agency said in a statement.This is required to ensure seamless access ...Read More >
New Delhi: Describing former prime minister PV Narasimha Rao as a remarkable intellectual and visionary with a reformist zeal, Andhra Pradesh Chief Minister Nara Chandrababu Naidu on Tuesday said that PV transformed India's future, and everyone today was enjoying fruits of his far-reaching economic reforms. Delivering the lecture on "The Life and Legacy of PV Narasimha Rao" at the Prime Minister's Museum and Library here, Naidu recalled his warm and respectful relationship with PV Narasimha Rao ...Read More >
Mumbai: HDFC Bank chairman Atanu Chakraborty said the bank has strengthened governance frameworks across its key subsidiaries as it adapts to its expanded role as a financial conglomerate following the merger with HDFC Ltd."In order to address our enhanced stature as a financial conglomerate, we have strengthened our oversight on the group companies," Chakraborty said in the bank's FY25 annual report. These include HDB Financial Services, HDFC Life Insurance, HDFC Asset Management, HDFC ERGO Gen ...Read More >
LONDON and NOIDA, India , July 14, 2025 /CNW/ -- HCLTech (NSE: HCLTECH) (BSE: HCLTECH), a leading global technology company, reported financial results for the first quarter ended June 30, 2025 . Constant currency (CC) revenue for the quarter was up 3.7% YoY. USD revenue came in at $3.55 billion , up 5.4% YoY. EBIT margin for the quarter was 16.3%. Digital Services revenue grew by 15.2% YoY (CC) and now contributes 41.6% of the overall Services revenue. Engineering and R&D Services grew by 11.8 ...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 topl ...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 Enthu ...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 ...Read More >
New Delhi [India], July 11 (ANI): The Indian telecom sector appears to be entering a phase of stagnation, with global investment bank UBS issuing a cautious outlook ahead, going into the sector Q1FY26 results. According to UBS, the telecom sector is described as lacking near-term catalysts and being priced for perfection, with growth expectations potentially outpacing actual market dynamics. UBS further notes that while a 10-12 per cent tariff hike is expected later in FY26, the probability of ...Read More >
New Delhi: The Board of TCS approved interim dividend of Rs 11 per share, the IT major said in a regulatory filing. "We would like to inform you that at the Board Meeting held today, the Directors have declared an interim dividend of Rs 11 per Equity Share of Rs 1 each of the Company," TCS has said. The interim dividend shall be paid on Monday, August 4, 2025, to the equity shareholders of the Company whose names appear on the Register of Members of the Company or in the records of the Deposit ...Read More >
Pune: Bank of Maharashtra (BoM) recently presented a dividend cheque amounting to Rs 918.39 crore for the financial year 2024-25 to Hon'ble Finance Minister Smt. Nirmala Sitharaman. The presentation was made by Nidhu Saxena, MD & CEO of Bank of Maharashtra, accompanied by M Nagaraju, Secretary, and Ashish Madhavrao More, Joint Secretary, from the Department of Financial Services, Government of India. I Nidhu Saxena, MD & CEO, Bank of Maharashtra presenting dividend cheque to Hon'ble Finance Mi ...Read More >
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