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"business-news"

  • India, US very close to finalising framework trade deal: Commerce Secretary

    India and the US are close to finalising a framework trade deal to address high tariffs, Commerce Secretary Rajesh Agrawal said. Parallel talks are also underway on a comprehensive bilateral trade agreement to deepen economic ties
  • Netflix to acquire Warner Bros studio and streaming business for USD 72 billion

    Beyond its namesake television and motion picture division, Warner owns HBO Max and DC Studios
  • IndiGo warns of more cancellations till December 8, reduction in services

    The airline, which generally operates around 2,300 flights daily with a fleet of over 400 planes, has seen its punctuality plummet with the operational disruptions that are expected to continue for many more days
  • Rs 546 crore ‘unlawful gain’: Sebi bans influencer Avadhut Sathe

    Sebi barred financial influencer Avadhut Sathe and his firm, Avadhut Sathe Trading Academy, from the securities market and ordered them to disgorge Rs 546 crore earned from allegedly running unregistered investment advisory and research services that misled over 3.37 lakh investors
  • Govt to divest 6 per cent stake in Bank of Maharashtra

    At the floor price, the government would mop up about Rs 2,492 crore by divesting its 6 per cent stake in the state-owned lender
  • India in talks with 50 nations for fair and balanced trade deals: Piyush Goyal

    India is in talks with 14 countries or blocs representing 50 nations on fair and balanced trade agreements, Commerce Minister Piyush Goyal said. He highlighted India’s focus on resilient supply chains, self-reliance, innovation, and expanding partnerships through major FTAs
  • Britain’s Daily Mail publisher in talks to buy Telegraph

    The battle over ownership of Telegraph, a fixture on Britain's media landscape since 1855, began in 2023, when the Barclay family lost control of the company in a dispute with its lenders
  • Adani wins lenders’ nod to take over debt-laden Jaiprakash Associate for Rs 14,535 crore

    Sources said lenders preferred Adani's plan primarily because it offered a higher upfront payment compared to competing proposals
  • Infosys to kick off largest-ever share buyback of Rs 18,000 crore on Nov 20

    The company aims to buy back 10 crore fully paid-up equity shares of face value of Rs 5 each, representing up to 2.41 per cent of the total paid-up equity share capital
  • John Ternus emerges as frontrunner to succeed Tim Cook as Apple CEO: Report

    Apple's board accelerates succession plans as the company prepares for Tim Cook's resignation after 14 years at the helm of the tech giant
  • Noel Tata wins partial bid to place son in Tata Trusts amid internal rift

    A power tussle is brewing within the Tata Trusts as Noel Tata managed to get his son Neville appointed to the Sri Dorabji Tata Trust, but failed to push the same move in the Sir Ratan Tata Trust due to internal objections
  • Tata Motors Commercial Vehicles listing a defining moment: N Chandrasekaran

    Listing of Tata Motors Commercial Vehicles business comes after Tata Motors was split into two independent listed entities
  • Mahindra sells entire stake in RBL Bank for Rs 678 crore

    On July 26, 2023, the Mumbai-based diversified firm had announced the acquisition of a 3.53 per cent stake in RBL Bank as a treasury investment at a cost of Rs 417 crore 
  • Hyderabad-based Aurobindo Pharma’s Q2 net profit up 4 per cent to Rs 848 crore

    The drug major continues to see healthy demand across key markets, with US and Europe businesses performing in line with expectations, said its Vice-Chairman and Managing Director K Nithyananda Reddy
  • Microsoft to enable in-country data processing for 15 nations by 2026, including India

    Microsoft will allow Microsoft 365 Copilot interactions to be processed locally in 15 countries by 2026, including India. The move enhances data security, sovereignty, and compliance for governments and regulated industries, following recent legal and operational updates in India
  • GST collections rise 4.6 per cent in October to Rs 1.96 lakh crore amid festive buying

    Gross GST collection rose 4.6 per cent year-on-year to Rs 1.96 lakh crore in October, driven by festive season demand despite rate cuts on 375 items. Domestic GST revenue grew 2 per cent, while imports contributed a 13 per cent surge in tax inflow
  • Ola shares tumble after CEO Bhavish Aggarwal booked in employee suicide case

    Case relates to alleged suicide of a 38-year-old employee, K Aravind, who reportedly left behind a death note accusing his seniors of workplace harassment
  • Jio Platforms posts Rs 7,379 cr profit, boosted by ARPU and JioAirFiber surge

    Jio Platforms reported a 12.8 per cent year-on-year rise in net profit to Rs 7,379 crore for Q2 FY26, driven by higher ARPU and strong uptake of JioAirFiber. Reliance Jio added 8.3 million subscribers, with data usage rising to 38.7 GB per user monthly.
  • Wipro Q2 net profit rises marginally to Rs 3,246 crore; revenue grows 1.7 per cent

    Wipro reported a marginal 1.2 per cent rise in Q2 net profit to Rs 3,246.2 crore, with revenue up 1.7 per cent to Rs 22,697.3 crore. CEO Srini Pallia emphasized strengthening growth in Europe and APMEA and scaling operations with AI-led strategies
  • Hyderabad based MedPlus shares dip over 3 per cent after Karnataka store suspension

    MedPlus Health Services shares fell over 3.6 pre cent after its subsidiary, Optival Health Solutions, received a 15-day drug license suspension at a Karnataka store, potentially affecting revenue. Despite setbacks, CareEdge reaffirmed its financial ratings for the company’s bank facilities
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