Business News

Business

Byju’s Founders Seek $2.5 Billion in Damages Amid Allegations of Unofficial Payments to Officials

Byju’s founders are seeking $2.5 billion in damages following allegations of unofficial payments to Indian officials, as revealed in a US bankruptcy court. The company denies the c...

Business

Top Picks for Investors: JSW Steel, Tech Mahindra Lead Broker Recommendations for July 18

Brokerage firms recommend JSW Steel and Tech Mahindra as top picks for July 18, citing growth potential and strategic initiatives. Angel One and ITC Hotels also receive positive ra...

Business

State Bank of India's Monumental Rs 25,000 Crore QIP Oversubscribed by 3 Times, Signaling Strong Investor Confidence

State Bank of India's Rs 25,000 crore QIP oversubscribed by 3 times, attracting top domestic and international investors. This move is set to strengthen SBI's financial position an...

Business

Wipro Faces a Slight Revenue Dip in Q1 but Sees a Surge in Deal Wins Amid AI Focus

Wipro's June quarter revenue declined by 2.3% but remained within guidance. The company reported strong deal wins, especially in AI and data modernisation, with a 50.7% increase in...

Business

Indian Stock Markets Dip: Nifty50 and BSE Sensex Open Lower Amid Global Economic Signals

Indian stock markets opened lower today with Nifty50 and BSE Sensex dipping amid a consolidation phase. Investors are closely watching earnings reports and US-India trade talks, wi...

Business

The Hidden Costs of International Money Transfers: How Indian Families Lose Millions

Indian families lose millions in hidden costs when sending money abroad for education, with traditional banks charging up to 3.5% in fees. Digital remittances offer a cheaper alter...

Business

Axis Bank Reports 4% Profit Decline Amid Stricter Bad Loan Policies and Regulatory Adjustments

Axis Bank's net profit decreased by 4% to Rs 5,806 crore in Q2 2025, due to higher provisions from a regulatory adjustment. The bank assures this does not indicate a real decline i...

Business

Adani Group Secures Rs 11,000 Crore Deal for Exiting FMCG Venture with Wilmar International

Adani Enterprises completes its exit from the FMCG sector by selling its remaining 30.4% stake in AWL Agri Business to Wilmar International and institutional investors for Rs 11,08...