Food aggregator Zomato’s parent firm Eternal’s stock price rose 10.34% to ₹299.8 on Tuesday, despite a 90% plunge in Q1FY26 net profit to ₹25 crore. The last time the stock was up the same quantum was on July 26, 2021, three days after it got listed. The stock’s performance assumes significance as among the 993 […]
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Union MoS for Finance and BJP MP Pankaj Chaudhary speaks in Lok Sabha during the Monsoon Session of Parliament, in New Delhi | Photo Credit: ANI The government is estimated to have forgone around ₹99,000 crore in revenue in the 2023-24 fiscal on account of tax incentives extended to corporates, Minister of State for Finance […]
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File. | Photo Credit: Reuters Hyundai Motor India Ltd on Tuesday (July 22, 2025) said it has received a demand of ₹517.34 crore from tax authorities, along with penalty, for alleged short payment of GST compensation cess on its certain SUV models. The company has received an order from Commissioner (Appeals), CGST Dept, Tamil Nadu, […]
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FMCG major Colgate-Palmolive India Ltd on Tuesday (July 22, 2025) reported a decline of 11.9% in its net profit at Rs 320.62 crore for the first quarter ended June 2025 on account of subdued urban demand and elevated competition intensity. The company had posted a net profit of ₹363.98 crore in the April-June quarter a […]
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The company said one of the factors contributing to the profitability was successful upgrade of the product mix, now including premium, higher-margin segments such as cosmetics, perfumery and alcohol. | Photo Credit: Company website AGI Greenpac shares surged almost 15% on Tuesday after the glass container maker announced a 41% year-on-year increase in standalone net […]
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Representational image of the Paytm logo | Photo Credit: Reuters Fintech company Paytm reported a quarterly profit on Tuesday (July 22, 2025), aided by strong lending business and as it kept a tight lid on expenses. The firm posted a profit of ₹122.5 crore for the three months ending June 30, its first quarterly profit […]
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Plenome was founded by IIT Madras faculty Prabhu Rajagopal, a Shanti Swarup Bhatnagar awardee. Co-founders are: IIT Madras MS (Entrepreneurship) student Vijayaraja Rathinasamy, an embedded systems expert, and IIT Madras Graduate Anirudh Varna, a blockchain expert. IIT Madras-incubated startup Plenome Technologies, which develops disruptive solutions for secure data management at scale, has raised ₹6.5 crore […]
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Foreign Institutional Investors offloaded equities worth ₹1,681.23 crore on July 21, 2025, while Domestic Institutional Investors bought stocks worth ₹3,578.43 crore, according to exchange data. File | Photo Credit: PTI Benchmark stock indices Sensex and Nifty closed almost unchanged in a volatile trade on Tuesday (July 22, 2025) as gains in quick commerce and private […]
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The rupee pared initial gains and settled for the day down 5 paise at 86.36 (provisional) against the US dollar on Tuesday (July 22, 2025) amid uncertainty over the US-India trade deal ahead of the August 1 deadline. Forex traders said, all eyes are now on the outcome of India-U.S. trade talks, especially as the […]
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The move comes as other major U.S. banks, including Bank of America and Citibank, are developing stablecoins [File] | Photo Credit: AP JPMorgan Chase is exploring plans to offer loans backed by clients’ cryptocurrency holdings, including bitcoin and ether, as early as next year, the Financial Times reported on Tuesday, citing people familiar with the […]
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