[ad_1] Tata Sons has approached the fair trade regulator CCI for permission to acquire an additional 10% stake in Tata Play from Singapore’s sovereign wealth fund Temasek. Currently, Tata Sons holds a 60% stake in the DTH operator. [ad_2] Source link
[ad_1] NEW DELHI: The weaker rupee has led to IndiGo reporting 18% decline in its Q3 profit to Rs 2,449 crore from Rs 2,998 crore in Oct-Dec 2023. This is despite a 14.6% increase in total income from Rs 20,062 crore in Q3 FY24 to Rs 22,993 crore in the same period this fiscal and…
[ad_1] NEW DELHI: Govt may announce a package of measures to boost financial support, including credit, to exporters and small businesses to address a long-standing problem faced by the two crucial segments. The announcement is expected in Budget.The commerce department has already held discussions with the finance ministry on ensuring that there is adequate credit…
[ad_1] Image used for representational purpose only MUMBAI: Govt will likely exceed its fiscal deficit consolidation target in FY25 due to reduced capital expenditure (capex). For FY26, the target is expected to be supported by a substantial dividend from RBI.“Govt will likely outperform its FY25 fiscal consolidation target, closing the year at 4.8% of GDP…
[ad_1] BENGALURU: Private equity firm Everstone has finalised an agreement to acquire a majority stake in Wingify, one of India’s earliest bootstrapped software-as-a-service (SaaS) success stories, in a deal valued at about $200 million, according to sources familiar with the matter. Founded in 2010 by Paras Chopra and Sparsh Gupta, New Delhi-based Wingify develops tools…
[ad_1] MUMBAI: B2B player Infra.Market, which has joined a rush of startups planning list this year in a hot IPO market, has raised $121 million (Rs 1,050 crore) at a valuation of $2.8 billion. Investors include Tiger Global, Evolvence and Foundamental, regulatory filings made with the registrar of companies showed. The funding which is part…
[ad_1] MUMBAI: The Food Safety and Standards Authority of India (FSSAI) has directed Patanjali Foods to recall a batch of red chilli powder due to non-conformance of regulations over contaminants, toxins and residues, the company said in an exchange filing on Thursday. The Baba Ramdev-led company did not issue a detailed statement on the matter….
[ad_1] BENGALURU: LTIMindtree has named its former president, Venugopal (Venu) Lambu, as CEO designate and director effective Friday, with a five-year tenure. Operating from London, Lambu represents a rare instance of a senior executive returning to assume the CEO position at his former company. He has joined the board of directors at LTIMindtree.A three-decade IT…
[ad_1] NEW DELHI: Shares of Hindustan Petroleum Corporation Ltd (HPCL) on Friday climbed nearly 5 per cent after the firm reported more than tripling of its December quarter net profit as marketing margins soared. The stock jumped 4.91 per cent to Rs 380 on the BSE. At the NSE, it surged 4.92 per cent to…
[ad_1] NEW DELHI: Entities that are not required to get a GST registration but are required to make a tax payment under the GST Act provision can now obtain a Temporary Identification Number (TIN). The Central Board of Indirect Taxes and Customs (CBIC) has notified an amendment to GST rules to issue TIN to entities…
