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News Desk

Paytm's Top Executives Pay Rs 3.32 Crore to Settle SEBI Norms Violations

Paytm’s Top Executives Pay Rs 3.32 Crore to Settle SEBI Norms Violations

/ Indian Market /

The different promoters of One97 Communications, the parent company of Paytm, have collectively paid Rs 3.32 crore to settle allegations of violations raised by SEBI. The alleged violations are with respect to certain regulations of SEBI relating to LODR and ICDR. Executives include former compliance officer Amit Khera, ex-independent directors Ashit Ranjit Lilani, Neeraj Arora, […]

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Tech Mahindra Q3 Results: Net Profit Jumps 92% YoY to Rs 983 Crore; Revenue Rises 1.4%

Tech Mahindra Q3 Results: Net Profit Jumps 92% YoY to Rs 983 Crore; Revenue Rises 1.4%

/ Results /

Tech Mahindra said it reported a 92.6% year-on-year growth in net profit at Rs 983 crore for the third quarter of FY25, overcoming seasonal variables such as holidays and furloughs in the IT sector. Sequentially, the profit went down by 21.36%, mainly on account of the fact that the previous quarter saw a one-time gain

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Wipro Q3 Net Profit Up 4.5% QoQ to Rs 3,354 Crore, Margins Hit 3-Year High

Wipro Q3 Net Profit Up 4.5% QoQ to Rs 3,354 Crore, Margins Hit 3-Year High

/ Indian Market /

Wipro reported a 4.5% quarter-on-quarter rise in consolidated net profit at Rs 3,354 crore for Q3 FY25, which was above market expectations. Revenue for the quarter was flat at Rs 22,319 crore, up marginally 0.1% sequentially. The consensus estimates had expected a 5% decline in net profit and revenue decline of 0.6%. The IT giant

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Manipal Health Enterprises Plans $1 Billion IPO, Meets Bankers in February

Manipal Health Enterprises Plans $1 Billion IPO, Meets Bankers in February

/ Indian Market /

Temasek-backed Manipal Health Enterprises Ltd is gearing up for a potential $1 billion Initial Public Offering (IPO), according to a report by Livemint. The hospital chain will meet bankers in February to seek their proposals for the IPO, which could be one of the largest healthcare sector listings in India. The company is said to

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Infosys Q3 Net Profit Surges 11% YoY, Raises FY25 Growth Guidance

Infosys Q3 Net Profit Surges 11% YoY, Raises FY25 Growth Guidance

/ Indian Market /

Infosys Ltd, one of India’s leading IT firms, reported an 11.4 percent year-on-year (YoY) increase in its net profit for Q3 FY25, beating market expectations. The company posted a net profit of Rs 6,806 crore compared to Rs 6,106 crore in the same period last year. Analysts had earlier predicted a profit of Rs 6,734

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Union Cabinet Approves Formation of 8th Central Pay Commission for Government Employees

Union Cabinet Approves Formation of 8th Central Pay Commission for Government Employees

/ Indian Market /

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the establishment of the 8th Central Pay Commission for central government employees. This marks the beginning of the process to revise pay structures, with the current 7th Pay Commission’s tenure set to end in 2026. Union Minister Ashwini Vaishnaw announced the decision, saying, “Prime

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Bharat Dynamics Shares Surge 8% After Securing ₹2,960 Crore Defence Order

Bharat Dynamics Shares Surge 8% After Securing ₹2,960 Crore Defence Order

/ Indian Market /

Shares of Bharat Dynamics Ltd (BDL) soared over 8% on January 16, reaching an intraday high of ₹1,227.9, after the company secured a significant ₹2,960 crore contract from the Ministry of Defence. BDL said in an exchange filing that the contract is for the supply of Medium-Range Surface-to-Air Missiles (MRSAM) for the Indian Navy. The

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Amazon to Acquire Bengaluru-Based Digital Lender Axio, Regulatory Approval Pending

Amazon to Acquire Bengaluru-Based Digital Lender Axio, Regulatory Approval Pending

/ Indian Market /

E-commerce giant Amazon is set to acquire Axio (formerly Capital Float), a Bengaluru-based digital lending firm, marking a significant move into India’s growing fintech market. The deal was finalized in December 2024 after thorough due diligence and is now awaiting regulatory approvals, as confirmed in a blog post by Axio’s founders. This acquisition extends the

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HDFC Life Q3 Net Profit Jumps 14% YoY to ₹415 Crore, Beats Key Expectations

HDFC Life Q3 Net Profit Jumps 14% YoY to ₹415 Crore, Beats Key Expectations

/ Indian Market /

HDFC Life Insurance Company reported a 14% year-on-year increase in net profit for Q3 FY25, reaching ₹415 crore compared to ₹365 crore in the same quarter last year. The company also recorded a 10% rise in net premium income to ₹16,771 crore, up from ₹15,235 crore, according to its stock exchange filings. The insurer outperformed

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