Business News

Business

Lenskart Aims for a Blockbuster IPO: Files Rs 7,500-8,000 cr Papers with Sebi, Eyeing Massive Expansion

Lenskart Solutions is preparing for a major IPO, aiming to raise Rs 7,500-8,000 crore. The company plans to use the proceeds for expansion, technology upgrades, and marketing, foll...

Business

NSE Reports Impressive 14% Jump in Q1 Net Profit to Rs 2,924 Crore, Contributes Rs 14,331 Crore to Exchequer

NSE reports a 14% rise in Q1 net profit to Rs 2,924 crore, with a significant contribution of Rs 14,331 crore to the government exchequer. Despite a 3% dip in total income, the exc...

Business

TCS Implements Massive Cost-Cutting Measures: Freezes Salaries and Senior Hiring Amid Layoffs

TCS has announced a freeze on salary hikes and senior-level hiring, alongside laying off 12,000 employees, as part of its cost-cutting measures. The IT sector watches closely for t...

Business

RBI Imposes Stricter AIF Investment Limits: Banks and NBFCs Now Capped at 10% per Scheme

The RBI has updated its AIF investment guidelines, capping individual bank and NBFC investments at 10% of an AIF's corpus and collective investments at 20%. New risk controls inclu...

Business

Crisil Forecasts Robust 7-9% Revenue Growth for India's Top 18 States in FY26 Driven by GST and Central Devolution

Crisil Ratings projects a 7-9% revenue growth for India's top 18 states in FY26, driven by GST collections and central devolutions. These states account for over 90% of the country...

Business

Avanse Partners with AWS to Offer Free Cloud Computing Courses for Underserved Students in India

Avanse Financial Services collaborates with AWS to offer free cloud-computing courses to underserved Indian students, aiming to enhance employability and integrate skill developmen...

Business

IL&FS Seeks Investors for Paradip Water Supply Project: A Strategic Move to Resolve Debt

IL&FS has invited bids for its stake in Paradip Refinery Water, aiming to resolve part of its debt. The project, under a 25-year BOOT agreement, supplies water to Indian Oil’s Odis...

Business

Union Pacific's Historic $85B Acquisition of Norfolk Southern to Create First Transcontinental Railroad

Union Pacific Corp. announces a monumental $85 billion acquisition of Norfolk Southern Corp., aiming to create the first transcontinental railroad in the US. This deal promises to ...