Reliance Enters Bottled Iced Tea Market with Brew House
Reliance Consumer Products Ltd plans to relaunch the Brew House brand in the bottled iced tea segment this summer, offering lemon and peach flavors at ₹20 for a 200ml bottle.
Category : Corporate News
L&T's IT Units Miss Growth Targets: Merger, Headwinds, Missed Bets
Larsen & Toubro's IT subsidiaries LTIMindtree and LTTS are projected to fall short of ambitious 2026 revenue targets due to economic slowdown, merger challenges, and leadership churn.
ONGC to Offload OPaL Stake via Global Tender
State-run ONGC plans a global tender to sell stake in subsidiary OPaL, part of government asset monetization. OPaL's FY25 revenue rose to ₹14,804 crore amid India's petrochemical growth.
BPCL's ₹35,000 Crore LNG Tender Draws Global Energy Majors
BPCL's massive 10-year LNG tender worth ₹35,000 crore has attracted interest from Adnoc Gas, TotalEnergies, Gunvor, and other global energy players as India seeks long-term gas security.
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BSNL Retirees Protest in Chennai Over 110 Crore Unpaid Dues
Approximately 600 retired BSNL employees in Tamil Nadu staged a protest in Chennai's Egmore area against GTECS, alleging mismanagement of 110 crore in savings for over seven years, affecting around 4,000 retirees.
Dixon Tech Profit Up 67% Despite Memory Price Risks
Dixon Technologies' net profit soared 67% YoY to Rs 287 crore in Q3, though rising memory costs and demand moderation pose near-term challenges for the electronics manufacturer.
Air India Orders 30 Boeing 737 Jets, Total Boeing Orders Reach 250
Air India announced an order for 30 additional Boeing 737 aircraft at Wings India 2026, bringing its total Boeing orders to 250. The Tata Group-owned airline also signed agreements with Boeing and Airbus to enhance fleet capabilities and support global ex
DRI Arrests Director in Rs 83 Crore Gold Duty Evasion Case
The Directorate of Revenue Intelligence arrested a Hong Kong company director in Mumbai for an Rs 83 crore duty evasion fraud involving diversion of duty-free gold into the domestic market through fraudulent exports.
First Brands Founders Indicted for Billion-Dollar Fraud
Patrick and Edward James, founders of bankrupt auto-parts maker First Brands Group, face federal charges for defrauding lenders through fake invoices and falsified financial statements, causing billions in losses.
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Gold Crashes 6%, Silver 8% in Sudden Selloff: Explained
Gold prices crashed 6% and silver plunged 8% in a sudden selloff as US dollar strength and equity market declines triggered profit-taking in precious metals from record highs.
Sergey Brin's $20M Donation for California Housing Affordability
Google co-founder Sergey Brin makes his largest public donation of $20 million to 'Building a Better California' coalition, addressing housing affordability amid wealth tax debates.
Coforge Alters Encora Deal After Shareholder Pushback
Coforge Ltd removed special board nomination rights for Advent International after shareholders rejected the resolution, clearing path for $2.4 billion Encora acquisition while highlighting governance scrutiny in promoter-less firms.
Vedanta Demerger: Five New Companies to List by June
Vedanta Ltd's five-way demerger will see new entities list on stock exchanges by May-June 2024, with $6.7 billion debt allocated based on asset value and cash generation. Vedanta Aluminium to bear the largest debt share.
KICL in Talks to Acquire French Footwear Brand Kickers
Chennai-based Kothari Industrial Corporation Ltd is negotiating to acquire iconic French brand Kickers, aiming to shift production to India and leverage new EU trade agreement for export growth.
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Budget 2026-27: ELI & SDGs for India's Maritime Vision
Efficiency-linked incentives and Sustainable Development Goals alignment emerge as crucial demands from Union Budget 2026-27 to transform India into a global maritime leader through port modernization and green initiatives.
Swiggy Instamart Losses Hit ₹908 Cr Amid Quick Commerce Wars
Swiggy Limited reports Instamart's adjusted Ebitda losses widened to ₹908 crore in Q3 as it reviews aggressive incentives amid intense competition from Zepto, Blinkit, and JioMart.
Cancer Patient Resigns After Denied Leave, Sparks Workplace Debate
Tyler Wells, a US social media professional undergoing brain cancer treatment, resigned after his employer refused paid time off despite an 'unlimited leave' policy, triggering discussions about employee rights and corporate compassion.
Dow Cuts 4,500 Jobs in Restructuring to Boost Profitability
Dow Chemical announces 4,500 job cuts, 13% of workforce, in restructuring to save $2 billion. Revenue forecast misses expectations amid weak demand, shares fall 3%.
ITC Q3 Results: Flat Profit, Revenue Up 6.7%, Dividend ₹6.5/Share
ITC reports Q3 FY26 results with net profit stable at ₹5,018 crore, revenue growth of 6.7%, and interim dividend of ₹6.50 per share announced.
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Bezos Third-Richest as Amazon Stock Rises, Stores Close
Amazon founder Jeff Bezos reclaims world's third-richest position after stock surge. Amazon announces closure of all Go and Fresh physical stores, focusing on online delivery and Whole Foods expansion.
Small Businesses Still Turn to Informal Lenders: Economic Survey
India's Economic Survey 2025-26 reveals micro-enterprises continue depending on friends and moneylenders for small loans under ₹50,000, highlighting formal credit gaps despite improved access for larger loans.
SpaceX $1.5T IPO Planned for June 2026 with Celestial Alignment
Elon Musk's SpaceX reportedly plans a $50 billion IPO in June 2026, targeting a $1.5 trillion valuation during a rare Jupiter-Venus conjunction for auspicious timing.
Microsoft CFO Memo Details Record Cloud Revenue and AI Growth
Microsoft CFO Amy Hood's internal memo reveals the company exceeded Wall Street expectations with 17% revenue growth, $50B+ cloud revenue, and massive AI investments driving 230% commercial bookings increase.
Vedanta Q3 Profit Jumps 60% to Rs 7,807 Crore
Vedanta Limited reported a significant 60% year-on-year increase in consolidated net profit to Rs 7,807 crore for the third quarter of FY25, boosted by robust operational efficiency across key business segments.
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Tata Motors Q3 Profit Falls 48% to ₹705 Crore
Tata Motors Commercial Vehicles reports Q3 net profit of ₹705 crore, down 48% year-on-year, while revenue grows 16.2% to ₹21,732 crore in December quarter.
US Grid Crisis: The Hidden Bottleneck for AI and Clean Energy
US data centers consumed 183 TWh in 2024, projected to double by 2030. America's aging grid struggles to deliver power for AI, EVs and renewables, creating investment opportunities in transmission infrastructure.
Vedanta Q3 Profit Jumps 61% to ₹5,710 Crore
Vedanta Ltd reports strong Q3 FY2026 results with profit surging 61% YoY to ₹5,710 crore and operational revenue reaching ₹23,369 crore, led by Anil Agarwal.
Nokia Chair Sari Baldauf Steps Down, Timo Ihamuotila to Succeed
Nokia's chair Sari Baldauf plans to step down, with Timo Ihamuotila set to succeed her. The company's AI initiatives helped meet quarterly earnings, but shares fell 6% amid restructuring challenges.
Swiggy Q3 Loss Widens to ₹1,065 Crore as Revenue Jumps 54%
Swiggy's Q3 financial results show net losses expanded to ₹1,065 crore despite a strong 54% revenue surge to ₹6,148 crore, highlighting ongoing profitability challenges.
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Economic Survey Urges IBC Reforms to Tackle 10-Year Backlog
The Economic Survey 2025-26 highlights severe delays in India's insolvency framework, with a 30,600-case backlog requiring nearly a decade to clear. It calls for enhanced effectiveness while noting IBC's role in improving credit discipline and bank recove
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