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"business-news"

  • 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
  • Dr Reddy’s, Zydus Lifesciences recall medicines from US market over quality issues

    Dr Reddy’s Laboratories and Zydus Lifesciences are recalling certain medicines from the US after USFDA found manufacturing and quality issues. The recalls, affecting muscle relaxant and hepatitis B drugs, are precautionary and classified as moderate-risk (Class II)
  • NPCI may allow Aadhaar-based face authentication for high-value financial transactions

    UIDAI Deputy Director General Abhishek Kumar Singh urges bankers to come on board, calls its the easiest and fastest way to authenticate users
  • Your cheques will be cleared the same day from now

    Cheques deposited from October 4 will be cleared within a few hours on the same day under the RBI guidelines
  • TCS forced around 2,500 employees to resign, says IT employees’ body

    Company, however, refutes allegation; says only a limited number of employees have been affected at its Pune office
  • RBI may allow lenders to lock phones on EMI default

    Governor Sanjay Malhotra said the central bank is examining a proposal to allow lenders to remotely lock mobile phones bought on credit in case of default in EMI payments; rules out any charge on UPI transactions
  • Starbucks to close stores, lay off 900 workers

    The Seattle coffee giant will notify employees whose positions are being eliminated on September 26
  • Indian-American executive named CEO of T-Mobile

    Srini Gopalan's appointment comes as US President Trump signed a proclamation imposing a staggering USD 100,000 fee on new H-1B visas
  • Maruti Suzuki slashes car prices up to Rs 1.29 lakh after GST rate cut

    Maruti Suzuki has slashed prices across its entire model range by up to Rs 1,29,600 from September 22, passing on GST rate cuts. Entry-level cars received deeper reductions, encouraging two-wheeler users to upgrade while boosting passenger vehicle sales
  • Hyundai announces Rs 31k per month salary hike over 3 years for employees

    Hyundai Motor India has signed a 3-year wage settlement with the United Union of Hyundai Employees, offering a Rs 31,000 monthly salary hike to technicians. Effective April 1, 2024, the structured hike also retains existing employee welfare schemes and benefits nearly 2,000 workers
  • Online gaming company Zupee to lay off 170 employees after ban on real-money gaming

    Online gaming platform Zupee is laying off 170 employees — 30% of its staff — after the government banned real-money online games in August. The company is offering financial and medical support to those impacted while adjusting to the new law
  • Hyderabad-based Dr Reddy’s inks pact with Johnson & Johnson to acquire vertigo treatment brand

    Dr Reddy’s Laboratories has acquired the anti-vertigo brand Stugeron from Johnson & Johnson in 18 EMEA and APAC markets, including India and Vietnam. The move strengthens its CNS portfolio and supports its goal to reach 1.5 billion patients by 2030
  • Danish drug major Novo Nordisk slashes 11 per cent of workforce to save $1.3 billion

    Novo Nordisk will cut 9,000 jobs worldwide—11% of its workforce—by 2026 to save $1.3 billion. The move comes amid rising competition in obesity drugs, slowing sales of Wegovy and Ozempic, and a push to focus on R&D and agility
  • Coolberg partners with Amazon Prime Video for new series Do You Wanna Partner

    Coolberg has partnered with Amazon Prime Video for the upcoming series Do You Wanna Partner. To mark the launch, it introduced Jugaaro Lemon-Ginger, a limited-edition non-alcoholic malt beverage, available across retail, HoReCa, and quick commerce platforms nationwide
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