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"business-news"

  • SBI Q4 profit declines 10 per cent to Rs 18,643 crore

    India’s biggest lender had earned a profit of Rs 20,698 crore in the January-March period of 2023-24
  • India bans direct, indirect imports of all goods from Pakistan

    A provision in this regard has been added in Foreign Trade Policy (FTP) 2023 "to prohibit direct or indirect import or transit of all goods originating in or exported from Pakistan with immediate effect until further orders", it said in the notification dated May 2
  • RBI data: Rs 2000 notes worth Rs 6,266 cr still in circulation after 2 years

    The Rs 2000 banknotes continue to be legal tender. On May 19, 2023, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2000 denomination banknotes from circulation
  • Paul & Shark sign up with KL Rahul

    KL Rahul, one of India’s most accomplished cricketers, as the first-ever Indian athlete to be named a global ambassador
  • Coal India Ltd’s coal offtake drops to 63.4 MT in April

    Coal offtake refers to the volume of coal supplied from a coal pithead. It's different from coal production as it can include previously stored coal
  • Majority of iPhones sold in US will be made in India in June quarter: Apple CEO

    During the company's second-quarter earnings call, Apple CEO Tim Cook said that Vietnam will become the country of origin for almost all iPad, Mac, Apple Watch, and AirPods products sold in the US
  • Eternal to shut Zomato Quick, Everyday businesses

    Zomato, which re-branded itself to Eternal in March, reported a net profit of Rs 39 crore for the fourth quarter ended March
  • Cognizant to hire 20,000 freshers

    The company plans to hire many more fresh graduates to build a stronger workforce pyramid, especially since managed services projects have increased over the past two years, said Cognizant CEO Ravi Kumar
  • Hyderabad has maximum vacant office space among major Indian cities

    According to the Vestian report, Hyderabad holds 28 mn sft of vacant stock, the highest among the top seven cities and the stock is expected to rise further in 2025 due to a strong pipeline of upcoming supply in the city
  • Prime Minister Modi to commission Vizhinjam seaport on May 2

    Vizhinjam is India’s first dedicated transshipment port and also the country’s first semi-automated port. The deep-water port has been developed by Adani Ports and Special Economic Zone Ltd
  • alt.f coworking opens facility in Hyderabad with over 1,200 seats

    The company has opened its first centre in Hyderabad at Nanakramguda Financial District
  • IndusInd Bank appoints ‘committee of executives’ to run bank following CEO’s resignation

    "The Board has constituted such “Committee of Executives” to oversee the operations of the bank, under the oversight and guidance of the Oversight Committee of the Board till a new MD&CEO...assumes charge or a period of 3 months," IndusInd Bank said
  • Blinkit-Airtel SIM home delivery on hold; DoT asks telecom service to abide by stipulated KYC norms

    New Delhi: Just days after Blinkit-Airtel SIM home delivery was announced with much fanfare, the service has been put on hold, sources said. The move came after DoT queried Airtel on the process being followed and made it clear that stipulated norms have to be complied with, the sources said. The Telecom Department recently circulated […]
  • NSE IPO: Sebi chief Pandey says discussions ongoing with bourse to resolve key issues

    Sebi's concerns include the compensation given to key management personnel, technology and the majority ownership in Clearing Corporation, among others
  • Income tax department notifies ITR forms 1, 4 for AY 2025-26

    ITR Form 1 (Sahaj) and ITR Form 4 (Sugam) are simpler forms that cater to a large number of small and medium taxpayers
  • Pakistan Stock Exchange slumps amid escalating tensions with India

    Shares at the PSX fell over 2,000 points in intraday trade amid uncertainty over speculation that India might launch military strikes against Pakistan
  • IndusInd Bank CEO Sumant Kathpalia resigns

    Bank’s Deputy CEO Arun Khurana had tendered his resignation on Monday in the wake of accounting lapses costing Rs 1,960 crore to the private lender
  • Nexus between renowned banks and builders: Supreme Court of India orders CBI probe

    Advocate Rajiv Jain, the amicus curiae, called Supertech the “main culprit” in defrauding homebuyers whereas Corporation Bank advanced more than Rs 2,700 crore to builders through subvention schemes
  • Paytm’s First Games to challenge Rs 5,712 crore GST notice

    The notice, received on April 28, 2025, relates to an ongoing Goods and Services Tax (GST) matter that has been under review across the online gaming industry for over 18 months.
  • IndusInd Bank’s accounting lapses: Deputy CEO Arun Khurana resigns

    The private sector lender had informed that a bank-appointed external auditor has determined a cumulative adverse accounting impact on P&L at Rs 1,959.98 crore as on March 31, which is similar to the amount disclosed on April 15
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