Corporate

According to the report, the discrepancies were primarily stemmed from the incorrect accounting of internal derivative trades especially during early terminations.

Updated : Apr 27, 2025

After ₹1,959.98 crore jolt, IndusInd Bank moves to fix lapses in internal controls

IndusInd Bank, through an official disclosure to stock exchanges on April 27, confirmed that an independent professional firm, appointed by its Board of Directors, submitted its investigative report on April 26.

On April 25, HZL reported a 47.3 percent surge in consolidated net profit to Rs 3,003 crore for the quarter ended March 2025.

Updated : Apr 27, 2025

Hindustan Zinc eyes potash, lithium prospects in Rajasthan as it expands beyond core metals

The company is planning a broad expansion into critical minerals of strategic importance, in addition to its core metals. Currently, India depends heavily on potash imports, mainly from Russia, Canada, Belarus and Israel.

Under the deal, Mahindra will acquire the 43.96% stake held by Sumitomo Corporation and a separate 15% stake from Isuzu Motors Ltd.

Updated : Apr 26, 2025

M&M snaps up 58.96% stake in SML Isuzu for Rs 555 crore to fast-track commercial vehicle ambitions

Founded in 1983, SML Isuzu commands a strong position in India's truck and bus market, particularly in the intermediate light commercial vehicles (ILCV) bus segment, where it holds a 16% share.

Zomato CEO Deepinder Goyal dismissed the accusations as "unfounded" and expressed his reluctance to address them, considering it was "unfortunate."

Updated : Apr 26, 2025

'Utter nonsense': Zomato CEO Deepinder Goyal rubbishes claims on market share loss amid viral Reddit post

The anonymous post claimed Zomato was losing ground to rivals like Zepto Cafe and Swiggy. It alleged that employees were mandated to place at least seven orders per month on Zomato, with internal tracking enforced.

DGCA issues tough guidelines for airlines amid Pakistan airspace closure, longer flight times

Updated : Apr 26, 2025

Pakistan airspace ban: DGCA mandates new rules for airlines on passenger service, flight delays

India’s DGCA has ordered airlines to improve passenger communication, catering, and medical support as Pakistan’s airspace closure forces longer flight times and mid-route halt

In addition to his role at RIL, Anant is on the boards of several Reliance group entities, including Jio Platforms (since March 2020), Reliance Retail Ventures (since May 2022).

Updated : Apr 26, 2025

RIL Q4 results: Anant Ambani appointed whole-time director at Reliance Industries for five-year term

Anant Ambani has so far served as a non-executive director on Reliance’s board and will now step into a more active executive role at India’s largest company by market value.

The Vedanta Chairman had recently said that young Indian entrepreneurs and investors have a “great opportunity” in the copper sector.

Updated : Apr 25, 2025

Vedanta Chairman Anil Agarwal welcomes AI integration, calls it a tool to amplify human potential

Making the announcement in a post on X (formally Twitter), Agarwal, “An intelligent worker with a strong grasp of AI is like a skilled jockey with a powerful, intelligent horse."

RSS chief presents Lata Mangeshkar award to Kumar Mangalam Birla for nation-building role

Updated : Apr 25, 2025

Kumar Mangalam Birla honoured with Lata Deenanath Mangeshkar Award in Mumbai

The award was presented by Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat, who recognised Birla’s significant contribution to India’s growth and development

During the 2019 Balakot airspace closure, airlines collectively lost around ₹700 crore, with passengers facing fare hikes ranging from 8% to as high as 40%.

Updated : Apr 25, 2025

Pakistan blocks airspace: Flying from India to US, Europe likely to cost more, take longer

IndiGo and Air India have already alerted passengers to possible disruptions, stating via posts on X that some international flights will face changes due to taking "an alternative extended route."

Prabhpreet Singh Gill, Chairman of Pay10

Updated : Apr 25, 2025

Pay10 first fintech company to go live on Central Bank of the UAE's Open Finance Framework

Prabhpreet Singh Gill, Chairman of Pay10, said the approval followed a rigorous regulatory process.

Tata Sons has a simple growth plan for Air India and Air India Express

Updated : Apr 25, 2025

Air India for international, Air India Express for domestic: Tata Sons’ growth strategy

Tata Sons wants Air India to pursue growth on international routes to take on foreign carriers, while it wants low-cost airline Air India Express to sharpen its focus on the domestic market to take on rivals like IndiGo.

Airtel has already prepaid its spectrum dues from the 2021 and 2024 auctions, and continues to pay for the 5G spectrum acquired in 2022.

Updated : Apr 25, 2025

After Vodafone Idea relief, Airtel reportedly seeks equity swap for ₹41,000 crore dues

The request follows the government’s recent nod to Vodafone Idea’s plan to convert ₹36,950 crore worth of spectrum dues into equity, raising its stake in the debt-laden telco to 48.99%.

The raids were conducted at company's premises in Delhi, Gurugram and Ahmedabad under the provisions of the Foreign Exchange Management Act (FEMA).

Updated : Apr 24, 2025

ED detains Gensol co-promoter Puneet Singh Jaggi, conducts searches against firm

The ED action is based on the SEBI order which claimed that Gensol Engineering obtained loans from Power Finance Corporation and IRDEA Ltd for procurement of EVs and EPC contracts.

Updated : Apr 24, 2025

DS Group surpasses Rs 10,000 crore in revenue, F&B segment accounts for 42%

The group has maintained a consistent upward trajectory with a compound annual growth rate (CAGR) of 16 per cent over the last three years through organic growth, reinforcing its market leadership and commitment to expansion, it said.

The Budget Estimate for 2024-25 capex was pegged at Rs 11.11 lakh crore initially, it was revised later.

Updated : Apr 23, 2025

March spending push helps Centre meet revised capex target

Fund disbursals were affected last year because of the Lok Sabha elections

The regulatory heat on Gensol Engineering Ltd is intensifying by the day.

Updated : Apr 23, 2025

BluSmart buyout buzz grows — but Gensol’s troubles may derail the ride

Legal experts caution that any deal for BluSmart will not be a clean sweep. Now, PFC has filed a formal complaint with the EoW, alleging document falsification in the EV leasing project involving Gensol. In this climate, the possibility of a BluSmart buyout has raised eyebrows

Updated : Apr 23, 2025

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Corporate

After ₹1,959.98 crore jolt, IndusInd Bank moves to fix lapses in internal controls

Hindustan Zinc eyes potash, lithium prospects in Rajasthan as it expands beyond core metals

M&M snaps up 58.96% stake in SML Isuzu for Rs 555 crore to fast-track commercial vehicle ambitions

'Utter nonsense': Zomato CEO Deepinder Goyal rubbishes claims on market share loss amid viral Reddit post

Pakistan airspace ban: DGCA mandates new rules for airlines on passenger service, flight delays

RIL Q4 results: Anant Ambani appointed whole-time director at Reliance Industries for five-year term

Vedanta Chairman Anil Agarwal welcomes AI integration, calls it a tool to amplify human potential

Kumar Mangalam Birla honoured with Lata Deenanath Mangeshkar Award in Mumbai

Pakistan blocks airspace: Flying from India to US, Europe likely to cost more, take longer

Pay10 first fintech company to go live on Central Bank of the UAE's Open Finance Framework

Air India for international, Air India Express for domestic: Tata Sons’ growth strategy

After Vodafone Idea relief, Airtel reportedly seeks equity swap for ₹41,000 crore dues

ED detains Gensol co-promoter Puneet Singh Jaggi, conducts searches against firm

DS Group surpasses Rs 10,000 crore in revenue, F&B segment accounts for 42%

March spending push helps Centre meet revised capex target

BluSmart buyout buzz grows — but Gensol’s troubles may derail the ride

Trident Growth Partners closes ₹1,000 cr fund, doubles down on growth-stage bets

'There's a huge opportunity for...': Nikhil Kamath points to a quiet goldmine for Indian companies

Aster DM Healthcare to invest ₹1,400 crore in expansion across India

PFC lodges complaint against Gensol Engineering with Economic Offences Wing for forged documents

Operation Zeppelin: Inside Adani's counter to Hindenburg Research

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