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New Delhi, Mar 30 (PTI) Bharti Airtel on Monday announced that its subsidiary Nxtra Data has secured investment of USD 1 billion led by Alpha Wave Global, Carlyle, and Anchorage Capital. Airtel, which will also participate in the investment round, will continue to retain a controlling stake in Nxtra. As part of the pact, Alpha Wave Global will invest USD 435 million, Carlyle USD 240 million, Anchorage Capital USD 35 million, with the rest being infused by Airtel. Nxtra will be valued around U ...Read More >
New Delhi, Mar 30 (PTI) Morpheus Research on Monday released a report accusing travel booking platform MakeMyTrip of indulging in "anti-competitive practices" despite a significant penalty order from the Competition Commission of India (CCI) in 2022 directing the company to stop such practices. According to the report, Morpheus Research, an activist short-seller, which disclosed a short position in the company, alleged that MakeMyTrip continues to enforce price parity arrangements with hotel pa ...Read More >
Bengaluru, March 30: India is set to enforce a major overhaul of its surveillance ecosystem from April 1, 2026, with a strict ban on non-certified internet-connected CCTV cameras, particularly those linked to Chinese manufacturers. The move marks a decisive push toward strengthening data security and reducing dependence on foreign hardware flagged as potential cybersecurity risks. The new rules primarily impact global surveillance giants like Hikvision and Dahua, which together held a significa ...Read More >
Titagarh Rail Systems has secured a contract from Balmer Lawrie & for the appointment as a lessor to provide two BFNS22.9 rakes on an operating lease basis. The scope of work includes supplying two rakes comprising 43 wagons each, along with 4% spare wagons, with each wagon having a carrying capacity of 64.89 MT. These rakes will be deployed for transportation of HR coils, sheets, and plates over the Indian Railways network, as per the latest approved designs of Research Designs and Standards O ...Read More >
New Delhi, Mar 11 (PTI) India's state-owned oil marketing companies - Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited - are under pressure from rising global crude and gas prices, limited domestic fuel price pass-through, and dependence on imported energy, global rating agencies said. India imports 88 per cent of its crude and nearly half its natural gas, with 30-55 per cent of supplies passing through the Strait of Hormuz. Strat ...Read More >
MUMBAI : Proprietary traders, whose cost of capital is set to rise sharply under the banking regulator's new funding directives on capital market exposure, posted a significant increase in market share in the popular index options space. Their gross market share based on premium turnover jumped by 230 basis points (bps) year-on-year to 49.5% in the nine months through 2025-26, according to data sourced from the country's largest stock exchange, National Stock Exchange of India Ltd (NSE). A basi ...Read More >
New Delhi [India], December 16 (ANI): Fast-moving consumer goods (FMCG) companies in India are witnessing signs of demand recovery, supported by recent GST-linked price cuts and higher promotional activity, according to a report by ICICI Bank. The report said that based on-the-ground checks and its own assessment, select FMCG categories are seeing an improvement in demand after companies reduced prices following GST cuts. These price reductions have encouraged consumers to buy more, especially ...Read More >
Mumbai: Mutual fund profitability could come under pressure with the size of assets under management growing, but a fall in unitholders' fees could compensate for this squeeze, said Nimesh Shah, MD and CEO of ICICI Prudential Asset Management Company, whose ₹10,600 crore Initial Public Offer (IPO) is open for subscription. The issue, which will close on December 16 (Tuesday), was subscribed 2.11 times on Monday-- the second day of the offer. "As the size of the fund grows, margins are coming do ...Read More >
Tata Steel shares: The company announced plans to boost domestic capacity by nearly 50%, including a 4.8-million-tonne addition, aimed at strengthening market leadership and securing long-term raw material supplies. Tata Steel shares are expected to be in focus on Monday, December 15, following the company's recent announcements related to large-scale capacity expansion in India and efforts to secure long-term raw material supplies. The steelmaker is planning to increase its domestic production ...Read More >
Ather Energy announced that its family scooter, Rizta, has crossed the 2 lakh sales mark. The milestone comes just six months after Ather marked the sales of its first lakh Rizta units in May 2025, showcasing the strong and growing demand for Rizta across India. Since its launch in April 2024, Rizta has helped broaden Ather's reach beyond its southern strongholds, with newer markets responding strongly to the family scooter. The introduction of new options like the Terracotta Red and the Rizta ...Read More >
New Delhi, Nov 4 (PTI) Berger Paints India Ltd on Tuesday reported 23.53 per cent decline in consolidated net profit at Rs 206.38 crore for September quarter FY26, on account of lower sales of exterior products and increased investments in brand building. The company had posted a net profit of Rs 267 crore in the July-September period a year ago, according to a regulatory filing from Berger Paints India. However, revenue from operations was up 1.9 per cent to Rs 2,827.49 crore in September qua ...Read More >
Ahmedabad (Gujarat) [India], November 3 (ANI): Ambuja Cements, part of the diversified Adani Portfolio, on Monday reported that its consolidated Profit After Tax or net profits during the July-September 2025-26 quarter jumped 364 per cent year-on-year to Rs 2,302 crore. In the year ago quarter, it was Rs 496 crore. The Adani Adani company's consolidated revenue from operations during the quarter rose over 21 per cent Rs 9,174 crore, versus Rs 7,552 crore, its highest ever in Q2 series. Also Re ...Read More >
Ahmedabad (Gujarat) [India], November 3 (ANI): Ambuja Cements, part of the diversified Adani Portfolio, on Monday reported that its consolidated Profit After Tax or net profits during the July-September 2025-26 quarter jumped 364 per cent year-on-year to Rs 2,302 crore. In the year ago quarter, it was Rs 496 crore. The Adani Adani company's consolidated revenue from operations during the quarter rose over 21 per cent Rs 9,174 crore, versus Rs 7,552 crore, its highest ever in Q2 series. The com ...Read More >
Gurugram : JSW MG Motor India, a key contributor to India's 4W-EV growth story, today announced a landmark achievement of surpassing the 100,000 EV sales milestone in India. The auto-tech company has remained at the forefront of designing clean and intelligent mobility solutions for a sustainable future, offering not only smart products but also intuitive ecosystem-based solutions. This milestone is driven by the robust performance of the company's wide EV portfolio, which caters to varied cust ...Read More >
Mumbai, Oct 31 (SocialNews.XYZ) Actress Deepika Padukone, who has been a strong advocate for mental health awareness, reacted to cricketer Jemimah Rodrigues' recent revelation about battling anxiety. The 'Om Shanti Om' actress, known for openly sharing her own struggles with depression in the past, praised Jemimah for her honesty and courage in speaking up, highlighting the importance of conversations around mental well-being in sports and beyond. Taking to her Instagram Stories, Deepika Paduko ...Read More >
New Delhi [India], October 31 (ANI): The U.S. Food and Drug Administration (FDA) has announced major steps to make it faster and less costly to develop biosimilar medicines, lower-cost "generic" alternatives to biologic drugs used to treat serious and chronic diseases. In a new draft guidance, the FDA has proposed major updates aimed at simplifying biosimilarity studies and reducing unnecessary clinical testing. The agency also launched a separate initiative to make it easier for biosimilars t ...Read More >
New Delhi [India], October 31 (ANI): Industry body India Fintech Foundation (IFF) has written to the Finance Ministry warning that more than 80% of Unified Payments Interface (UPI) transaction volumes are currently handled by just two third-party app providers (TPAPs). The group has urged policy intervention to prevent systemic concentration and ensure fair competition within India's most critical digital payments channel. In its letter, IFF said the current structure poses "systemic concentrat ...Read More >
Bengaluru: Leading office developers are setting up platforms to offer GCC-as-a-service to new global capability centres looking to set up operations in India. GCCs constitute a significant portion of the tenant base for most commercial office developers. So far, mainstream office developers and flexible office space operators have leased space to such offshore R&D and backend centres for global companies. Now, developers are looking to leverage the opportunity to provide real estate, operation ...Read More >
HDFC Pension aims to double its subscriber base in the coming years, targeting the youth and unorganized workforce to enhance retirement readiness across India. The company is focusing on expanding distribution, driving awareness, and innovating products to make NPS accessible and appealing, especially with recent regulatory reforms making it more flexible. HDFC Pension Management Company Limited aims to strengthen retirement readiness across India and double its subscriber base within the next ...Read More >
New Delhi, Oct 22 (PTI) India's smartphone market grew 3 per cent year-on-year (YoY) in the third quarter of the calendar year 2025, reaching 48.4 million units shipped, as per the latest research from Omdia, which cautioned that despite early momentum, gains are unlikely to sustain into a strong year-end. The modest growth was driven by a wave of new launches in July and August, retail incentivisation and an earlier festive season that pulled forward inventory flows, Omdia said. Vendors fille ...Read More >
New Delhi, Oct 22 (SocialNews.XYZ) Ministry of Steel announced on Wednesday that it will conduct an Open House to discuss issues related to the import of steel on October 27 at Udyog Bhavan's Steel Room in the national capital. Companies and associations may present their issues related to steel imports in the Open House, the Steel Ministry said in a statement. The Open House will be conducted from 12:00 noon to 6:00 pm and specific time slots will be indicated via e-mail. Walk-ins will not be ...Read More >
Coca-Cola is reportedly exploring a potential $1 billion initial public offering for its Indian bottling unit, Hindustan Coca-Cola Beverages. The company has engaged with bankers to discuss the listing, which could value the subsidiary at $10 billion. These discussions are in early stages, with a potential deal eyed for next year. - Coca-Cola is considering taking its Indian bottling unit public in a deal that may fetch $1 billion, Bloomberg News reported on Friday, citing people familiar with ...Read More >
MUMBAI : Emirates NBD Bank's decision to buy a controlling stake in RBL Bank for $3 billion is likely to see more global banks looking at having an India play. With the banking regulator likely to allow such transactions going forward, a floodgate of more such transactions will open up, say bankers and industry experts. On Saturday, Emirates NBD said it has entered into an agreement to acquire a 60% stake in RBL Bank for ₹26,850 crore. The transaction, which is subject to shareholder and regula ...Read More >
New Delhi: A '1-rupee' storm is brewing in India's telecom sector. State-owned Bharat Sanchar Nigam Ltd's (BSNL) new 4G recharge plan for ₹1, seen as an attempt to draw new users to its long-awaited 4G network, has drawn fire from private telecom operators, who allege it violates regulatory rules, three people in the know said. The dispute revives memories of Reliance Jio's 2016 entry, when free offers upended the market and triggered years of tariff wars. Now, as Jio and Bharti Airtel dominate ...Read More >
Sify Infinit Spaces has filed draft papers with market regulator Sebi to launch the country's first data center IPO, aiming to raise Rs 3,700 crore. The company, part of the Sify Group, operates one of India's largest networks of data center colocation facilities. The IPO will include a fresh issue of shares worth Rs 2,500 crore and an offer for sale of shares worth Rs 1,200 crore by existing investors -- Kotak Data Center Fund (Rs 643 crore) and Kotak Special Situations Fund (Rs 557 crore). T ...Read More >
MUMBAI: HDFC Bank reported a 10.8% rise in standalone net profit to Rs 18,640 crore for the quarter ended Sept 2025, driven by higher non-interest income and steady improvement in asset quality.Net interest income rose 4.8% year-on-year to Rs 31,550 crore, while non-interest income surged 25% to Rs 14,350 crore. Total income grew 10.4% to Rs 45,900 crore. Operating expenses rose 6.4% to Rs 17,980 crore, and provisions increased 29.6% to Rs 3,500 crore. Profit before tax climbed 11% to Rs 24,420 ...Read More >
Duroflex, a prominent name in the Indian mattress industry, is set to take a bold step as it readies for its initial public offering. This strategic move aims to raise capital through a combination of new share issues and offerings from current investors. Mattress maker Duroflex has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO) comprising a fresh issue of shares worth Rs 183.6 crore. Apart from the fresh issue, there is an ...Read More >
Mumbai, Oct 16 (SocialNews.XYZ) Nestle India, the country's leading FMCG company, on Thursday reported a 17 per cent decline in its consolidated net profit for the July-September quarter of current financial year (Q2 FY26), posting Rs 743 crore compared to the same period last fiscal (Q2 FY25). Despite the fall in profit, the company's revenue from operations grew 11 per cent year-on-year (YoY) to Rs 5,643 crore. Expenses during the quarter rose 13 per cent to Rs 4,617 crore. Nestle India's EB ...Read More >
South Korean auto major Hyundai Motor Co is making its most ambitious move yet in India, committing an investment of Rs 45,000 crore by FY2030 to turn the country into its second-largest market globally, next only to the US. The announcement, which was made at Hyundai Motor India's (HMIL) first-ever Investor Day in Mumbai on Wednesday, comes alongside another major decision, which is that for the first time since its India entry in the mid-1990s, the company will be led by an Indian managing dir ...Read More >
Pune: Hyundai Motor will invest Rs 45,000 crore to expand its manufacturing and research operations to make the world's third-largest car market at the heart of its growth strategy, its President & CEO Jose Munoz said on Wednesday. He told reporters that this investment will help South Korean automaker to increase its annual production by about a third to 1.1 million vehicles by 2030 in India, introduce 26 cars, including its first hybrid vehicle and launch its luxury car brand Genesis in the I ...Read More >
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