Business

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.

Air India has rerouted flights and cancelled some services after Iran closed its airspace amid escalating unrest, citing passenger safety as its top priority. The protests, sparked by economic turmoil, have become the biggest challenge to the regime since 1979, with over 500 killed and 10,000 arrested.

The S&P 500 Index fell 0.7% at 11:23 a.m. in New York, extending declines for a second-straight day and putting the benchmark on track for its first back-to-back decline of the year. The tech-heavy Nasdaq 100 Index dropped 1.3%, also adding to losses from Tuesdays session.

L&T Technology Services' net profit may increase 3.3% to Rs 340 crore from Rs 329 crore in the previous quarter.

Parekh clarified that the employee in question was denied entry into the United States and returned to India, but there was no detention or deportation involved.

At the current pace, services are very likely to surpass goods exports in absolute terms in the next one-and-a-half to two years," said SEPC Director General Abhay Sinha.

Air India said the partnership will allow its passengers flying to Jeddah or Riyadh to have seamless onward connections on Saudia-operated flights to Dammam, Abha, Gassim, Gizan, Madinah and Taif.

Analysts also shared insights on the share price of Natco Pharma.

The American Depository Receipt (ADR) of Infosys gained as much as 8.6% to $19.03 as of 8:18 p.m. India time.

SMBC is currently carrying on banking business in India in branch mode through its four branches located in New Delhi, Mumbai, Chennai and Bengaluru.

Furthermore, the company said it has also begun deliveries of its flagship motorcycle, Roadster X+ 9.1kWh powered by the 4680 Bharat Cell, offering a range of up to 500 km on single charge.

The association clarified that documents cited in recent media reports were meant only for member-level deliberations and should not be construed as advocacy for mandatory source code sharing.

The EU market accounts for about 17% of India's total exports, and the bloc's exports to India constitute 9% of its total overseas shipments.

The total employee count rose by 5,043 sequentially to 3,37,034 in the December quarter.