The Indian stock market benchmarks, the Sensex and the Nifty 50, ended lower on Wednesday, December 24, due to profit booking in select heavyweights, including Reliance and ICICI Bank, amid mixed global cues. The Sensex dropped 116 points, or 0.14%, to close at 85,408.70, while the Nifty 50 settled at 26,142.10, down 35 points, or…
The Ministry of Statistics and Programme Implementation (MoSPI) does not expect a significant change in India’s GDP growth estimates after the release of the revised national accounts series in February next year, MoSPI Secretary Saurabh Garg said on Tuesday. “Too early to say on its impact on GDP numbers. In general, we don’t expect much…
Adani Group plans to invest Rs 1 lakh crore in its airports business over the next five years, betting on sustained growth in India’s aviation sector, which is expected to expand at 15-16 per cent annually, a top group official said. “On the airport side, Rs 1-lakh crore in the next five years,” Jeet Adani,…
Shares of Shriram Finance surged over 4% on December 19 after Japan’s MUFG announced plans to acquire a 20% stake in the NBFC for ₹39,600 crore ($4.4 billion) via a preferential equity allotment. The floor price for the issue is set at ₹840.83 per share, with MUFG expected to purchase 47.11 crore shares. By 1:30…
ICICI Bank has disclosed that the Maharashtra Goods and Services Tax (GST) Department has issued a demand notice of ₹237.90 crore for alleged short payment of GST. The order, received on December 17 under Section 73 of the Maharashtra GST Act, 2017, includes ₹216.27 crore in tax and ₹21.62 crore in penalty, along with applicable…
Global paints and coatings major Akzo Nobel India Ltd is set to witness a significant ownership reshuffle as its promoter, ICI, announced plans to sell up to 9% stake in the company through a block deal. The transaction, valued at approximately ₹1,291 crore, will be executed at a floor price of ₹3,150 per share, according…
The Union government has finalised its affidavit in the ongoing Apple–Competition Commission of India (CCI) case and is expected to submit it to the Delhi High Court shortly. The matter concerns Apple’s challenge to the Competition Act provisions that allow penalties to be imposed based on a company’s global turnover rather than its India-specific revenue….
IndiGo, India’s largest airline, said on Friday that its compensation liability is projected to exceed ₹500 crore after widespread flight cancellations disrupted operations across the country beginning December 2, 2025. The cancellations, which stretched for nearly a week, left tens of thousands of passengers stranded and triggered regulatory intervention. According to the airline, compensation will…
In a landmark reform move, the Union Cabinet has approved a proposal allowing 100 percent foreign direct investment (FDI) in India’s insurance sector. The decision, announced during the ongoing Winter Session of Parliament, marks a significant shift from the earlier cap of 74 percent and is aimed at attracting greater foreign capital, strengthening competition, and…
Popular South Indian actress Nandita Swetha formally unveiled VIVO’s latest smartphone models, the VIVO X300 and VIVO X300 Pro, at a corporate launch event in Warangal. The ceremony, attended by company executives, distributors, and technology enthusiasts, marked the official entry of the new devices into the Telangana market. Speaking at the event, Nandita Swetha highlighted…
