Business
Companies, markets, money and work. 601 stories, page 7 of 20.
United Spirits to completely purchase NAO Spirits in a ₹130-crore agreement to enhance its craft gin offerings.
The liquor manufacturer controlled by Diageo, United Spirits Limited (USL), announced on Thursday (June 19) its decision to take full ownership of NAO Spirits &…
Is Nilekani set to head a new initiative for digitizing the energy sector? Here’s what we know.
If all goes according to plan, this will mark the second time the government collaborates with Nilekani to implement reforms in the power sector. The initiative aims to…
Newsletter | Exploring India’s Wealth Disparities; The Israel-Iran Tension; Meta Introduces Passkeys for Facebook & More
HSBC maintains its positive outlook on Biocon citing a crucial near-term catalyst
Nestlé’s Chairman Paul Bulcke to Depart in April 2026; Pablo Isla Appointed as Successor
His career highlights include 14 years on the Executive Board, almost 9 years as Chief Executive Officer, and 9 years in his current role as Chairman. The company stated…
Finance Minister: Government to Maintain Support for Fintech Sector
In discussions with founders, CEOs, and senior executives of fintech companies, topics included improving the ease of doing business for fintechs and measures to combat…
A Decade of Mudra Yojana: Successes, Shortcomings, and the Future of India’s Micro Loan Initiative
The program has expanded significantly. From ₹1.3 lakh crore distributed in FY16, annual credit under PMMY skyrocketed to over ₹5.3 lakh crore in FY24. Even amid the…
Jio Financial Services Completes ₹104.54 Crore Acquisition of Jio Payments Bank from SBI
As a result of this acquisition, Jio Payments Bank has now become a wholly-owned subsidiary of Jio Financial Services. Previously, it functioned as a joint venture…
RBI Reports Improved Data Quality Ratings for Banks in March 2025
The primary objective of the sDQI is to evaluate compliance with the Master Direction on Filing of Supervisory Returns, 2024. The aggregate sDQI score for SCBs has risen…
Mahindra & Mahindra secures CCI approval for 59% acquisition of SML Isuzu, with an open offer to follow.
This transaction entails acquiring a total of 58.96% stake in SML Isuzu through two distinct deals: 43.96% from Sumitomo Corporation, one of the promoters of SML, and…
Neuland Laboratories Receives Administrative Caution from SEBI for Insider Trading Breach
The warning, dated June 13 and acknowledged on June 17, 2025, was issued by SEBI’s Deputy General Manager. This violation relates to failure to comply with pre-clearance…
Headlines: Escalating Iran-Israel Tensions, Modi Set to Meet with Canada’s PM, Adjustments to NSE and BSE Weekly Expiry, and More
In the meantime, the Indian government has evacuated students from Tehran and advised its citizens to leave the city amid escalating tensions. On Dalal Street, markets…
GMR Airports Reports Record 10 Million Passengers Across the Country in May Despite Delhi Challenges
GMR Airports Limited announced on Tuesday (June 17) that it managed to accommodate over one crore passengers across its airport network in May 2025, reflecting a slight…
Rising Business Expenses Are India Inc’s Biggest Challenge, According to ASSOCHAM Survey
The survey included insights from 150 firms spanning nearly 60 sectors, such as banking, IT & ITeS, manufacturing, and pharmaceuticals, revealing that over 80% of…
NBCC secures ₹172.5 crore contract with UCO Bank
This project involves the construction of a modern high-rise building for UCO Bank’s Head Office with a green building certification in Kolkata’s New Town, according to…
OpenAI Secures $200 Million Deal with U.S. Department of Defense
The year-long contract, announced by the Defense Department on Monday, represents the latest effort by the creators of ChatGPT to market their technology to the US…
Boeing Executive Stephanie Pope Corresponds with Tata Sons Chairman N Chandrasekaran
Details surrounding the meeting remain unclear; however, it reportedly focused on the crash of Air India’s London-bound flight AI171 — a Boeing 787-8 Dreamliner — in…
Miraggio to leverage $6.5 million in funding to expand retail locations, technology, and supply chain operations.
Founded in 2019, Miraggio has garnered a robust following across India, spanning metro areas to tier-III towns. Its primary audience consists of women aged 24 to 35…
Tanla Platforms’ board greenlights ₹175-crore share repurchase at ₹875 per share.
The buyback offer accounts for 24.81% and 7.78% of the company’s paid-up equity share capital and free reserves, as per its latest standalone and consolidated financial…
Belrise Industries anticipates mid-teens growth in FY26, focusing on two-wheeler success and four-wheeler expansion.
“We anticipate a growth rate in the mid-teens over the medium term. This will be achieved through both organic growth and inorganic acquisitions,” noted Swastid Badve.
Newsletter | Amitabh Kant Resigns as G20 Sherpa; Gold Approaches Record High; Israel-Iran Tensions & More
Amitabh Kant resigns as G20 Sherpa, concludes 45-year journey in public service to support startups and academia for Viksit Bharat
ADNOC Proposes $19 Billion Acquisition of Australia’s Santos
A consortium spearheaded by Adnoc’s investment branch XRG PJSC, which also involves Abu Dhabi Development Holding Co. and Carlyle Group Inc., proposed $5.76 (A$8.89) per…
Patil Automation Plans ₹70 Crore IPO for Electric Vehicle and Defense Initiatives with NSE SME Listing
The initial public offering (IPO), with a price range of ₹114-120 per equity share, will be available until June 18, and the company’s shares are set to be listed on the…
No harm to Adani-managed Haifa Port in Israel after Iranian missile attacks: Sources
Iran executed the attack late Saturday night, targeting the Haifa port and a nearby oil refinery. This was seen as retaliation for Israel’s previous strikes on Iranian…
DLF Plans ₹5,500 Crore Investment for New High-End Residential Development in Gurugram
Sources indicate that the company will soon introduce an 18-acre development named ’DLF Privana North’ located in Sector 76/77 Gurugram, featuring over 1,150 apartments.
City Union Bank CEO: Short-term NIM Pressure, Yet FY26 Margin Guidance Remains Steady Amid Rate Cuts
He clarified that while declining interest rates can compress margins—due to the quicker repricing of assets compared to liabilities—the bank remains optimistic about…
Syngene’s Bengaluru facility clears US FDA inspection with VAI classification.
Syngene International Ltd, a leading contract research and manufacturing organization, announced on Friday (June 13) that it has obtained the Establishment Inspection…
Biographer Thomas Mathew attributes Ratan Tata’s resilience to his challenging upbringing.
In an interview with CNBC-TV18, Mathew recounted that Tata’s formative years were filled with turmoil, beginning with his parents’ separation when he was merely six or…
ITC finalizes purchase of full ownership of Sresta Natural Bioproducts for ₹400 crore.
This deal involves the purchase of 1.87 crore equity shares, making SNBPL a wholly owned subsidiary of ITC. Additionally, SNBPL’s subsidiaries—Fyve Elements LLC in the…
NTPC Plans to Secure ₹4,000 Crore Through NCDs, Increases Capacity by 660 MW with North Karanpura Unit Completion
NTPC plans to issue unsecured non-convertible debentures worth ₹4,000 crore on June 17, 2025, through private placement, offering a coupon rate of 6.89 percent per annum…
Infosys Set to Release Q1 FY26 Results on July 23
In a regulatory filing, the company stated that the board will review and officially record the audited consolidated and standalone financial results prepared in…
Top 10@10 | Air India Crash Aftermath, Israel Strikes Iran, Market Turmoil & More
The incident, which resulted in at least 241 fatalities, has now been confirmed as the country’s most devastating aviation disaster in the past two decades. The Boeing…