"business-news"

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

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 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)

UIDAI Deputy Director General Abhishek Kumar Singh urges bankers to come on board, calls its the easiest and fastest way to authenticate users

Cheques deposited from October 4 will be cleared within a few hours on the same day under the RBI guidelines

Company, however, refutes allegation; says only a limited number of employees have been affected at its Pune office

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

The Seattle coffee giant will notify employees whose positions are being eliminated on September 26

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 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 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 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

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

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 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

With reduction in GST on passenger vehicles, effective September 22, automakers slash prices across models to boost festive demand

Orders the US tech giant to end its 'self-preferencing practices' and stop 'conflicts of interest' along the advertising technology supply chain

JAL — with interests in real estate, cement, power, hotels and roads — has been dragged into insolvency proceedings after defaulting on payment of loans

The Tata group company starts sending letters of increment to employees; hike to be applicable from September

Reliance Jio chairman Akash Ambani introduces "Riya" — a feature similar to Alexa or Siri; will allow hands-free access to calls, music, etc, in multiple Indian languages