Business

The company also said that it faced a one-time cost of Rs 164 crore in the third quarter owing to Centre's new labour codes.

Wipro's EBIT declined 5.1% to Rs 3,491 crore from Rs 3,681 crore, andmargin contracted to 14.8% versus 16.2% sequentially.

The government is also considering removing a condition that allows foreign investment above 74% only if it "results in access to modern technology."

Tech Mahindra joined its peers in facing a one-time impact from the government's new labour codes.

To further support impacted customers, IndiGo has expanded its "Gesture of Care" initiative. Under the plan, passengers whose flights were cancelled or delayed by more than three hours between December 3 and 5 will receive two travel vouchers worth Rs 5,000 each.

Grasim Industries said on Friday that it has appointed Sachin Sahay as the new chief executive officer for Birla Opus.

In a new video on Instagram, the CEO posted three ideas that he believes will shape the fast-food industry this year. These include fibre, sweet and spicy flavours, and new beverages.

The authority imposed penalties of Rs 10 lakh each on Meesho, Meta Platforms Inc. (Facebook Marketplace), Flipkart, and Amazon, and Rs 1 lakh each on Chimiya, JioMart, Talk Pro, and MaskMan Toys for violations of consumer rights, misleading advertisements, and unfair trade practices, Consumer Affairs Secretary Nidhi Khare told PTI.

In a memo titled 'The bar is raised', sent on Wednesday, Fraser said Citi must shed the "last vestiges of old, bad habits" and adopt a sharper, more commercial mindset.

Reliance Industries, Wipro, Tata Tech, and JSW Infra are the notable companies that will release the financial results for the third quarter of the current fiscal year on Friday. Jan. 16.

Brij Hotels has a portfolio of 22 hotels with 11 in the pipeline providing luxurious stays with a focus on personalised service and unique settings.

The apex Court ruling effectively means the foreign PE firm must now cough up tax on the $1.6-billion Flipkart stake sale to Walmart.

The credit rating upgrades mark yet another significant step for Adani Group and come directly on the back of Moody's upgrading the credit rating for three companies in December, in the form of Adani Green, Adani Energy RGs, and AICTPL.

Through the ruling, the apex court has effectively overturned a 2024 Delhi High Court judgment that had previously exempted the private equity major from capital gains tax.

The company posted a consolidated net profit of Rs 269 crore for the quarter ended December, compared to a profit of Rs 295 crore in the year-ago period. Consolidated total income for the period stood at Rs 901 crore, doubling from Rs 449 crore in Q3FY25.

Navi Mumbai International Airport (NMIA) has achieved a major milestone, handling 1,09,917 passengers within 19 days of opening. The airport also recorded its busiest day on January 10 with 7,345 passengers and managed 734 air traffic movements, signaling strong demand and efficient operations.

Snabbit has onboarded the founding team of Pync to strengthen its leadership as Indias quick home services market enters a high-growth phase.

This comes after Captain Anand was notified by Air India that he was required to appear before the AAIB regarding the June 2025 accident, which resulted in the loss of all crew members and 229 passengers.

Indian stock exchanges remained shut for Mumbais municipal elections, a move Zerodha CEO Nithin Kamath called "poor planning" given global market linkages. He argued the holiday persists due to lack of incentives to oppose it, highlighting Indias long road to global credibility.

The technical changes to Grok come weeks after users began using the AI chatbot to digitally undress women and children on the app without their consent, flooding X with thousands of AI-generated sexualized images.