Corporate

HDFC Bank said it has secured “comprehensive legal advice” and remains committed to defending its CEO’s reputation.

Updated : Jun 8, 2025

HDFC Bank on Lilavati Trust allegations against CEO: 'Malicious bid to derail loan recovery'

The Trust had called for the CEO’s suspension and criminal prosecution, moves HDFC Bank described as part of a “mala fide” campaign to intimidate its leadership and avoid financial accountability.

Reliance Industries Chairman Mukesh Ambani.

Updated : Jun 7, 2025

Mukesh Ambani announces Rs 151 crore grant to ICT Mumbai, shares four ideas for 'Guru Dakshina' to professors

RIL Chairman Mukesh Ambani on Saturday announced a Rs 151 crore grant to his alma mater, the Institute of Chemical Technology (ICT), Mumbai. He described Professor MM Sharma as an “Influencer with a difference,” crediting him with shaping industrial policy and mentoring generations of scientists.

The Delhi airport said that operations continue to remain normal, but some flight schedules may be impacted

Updated : Jun 7, 2025

Delhi Airport to cancel 114 daily flights for runway upgrade from June 15 to Sept 15; check details

Delhi Airport will cancel up to 114 flights daily from June 15 to September 15 for a major runway upgrade aimed at improving winter fog operations. The upgrade will make the runway CAT III compliant, with a revised slot plan in place to minimise disruption.

Byju's has vehemently refuted the claims made in a recent US lawsuit accusing the company's top leadership of embezzling $533 million.

Updated : Jun 7, 2025

NCLAT rejects Byju's appeal to raise equity for Aakash, freezes stake structure

The National Company Law Appellate Tribunal (NCLAT) has dismissed Byju's plea seeking permission to raise equity funding for its subsidiary, Aakash Educational Services, delivering a major blow to the edtech giant's fundraising efforts.

As per reports, Haier’s Chinese parent will retain an equal stake, while 2% will be held by employees.

Updated : Jun 6, 2025

Sunil Mittal and Warburg Pincus in talks for $2 bn stake in Haier India: Report

Sunil Mittal and Warburg Pincus are in exclusive talks to acquire a 49% stake in Haier India in a deal valued at around $2 billion, a formal announcement expected this month.

L&T, a $30 billion multinational, operates in the fields of EPC projects, hi-tech manufacturing, and services across global markets.

Updated : Jun 6, 2025

L&T announces India's first Listed ESG Bond deal in partnership with HSBC

As part of the ESG bond deal, L&T has committed to reducing its greenhouse gas emissions and the intensity of freshwater withdrawal. These align with its long-term goals of achieving water neutrality by 2035 and carbon neutrality by 2040.

Following the comments, IndusInd Bank Ltd. saw its shares rise by 5% on Friday, June 6. At 2 PM, the shares were trading at Rs 824.25, up by 2.63%.

Updated : Jun 6, 2025

IndusInd Bank’s accounting crisis under control, to be resolved soon: RBI Governor Sanjay Malhotra

RBI Governor Sanjay Malhotra has said the accounting issues at IndusInd Bank are under control and should be resolved soon. His assurance comes as SEBI cracks down on former top executives for insider trading linked to the bank’s financial discrepancies.

Mallya also spoke about social isolation, saying many former political and corporate contacts distanced themselves.

Updated : Jun 6, 2025

‘No ease of doing business in India’: Vijay Mallya slams system, says fair trial only way he’ll return

Mallya fled to the UK in 2016 after the Indian government revoked his passport amid allegations of financial misconduct. “My freedom ended the day they took my passport,” he said.

KFin block deal: The report, quoting sources, further suggested that sale is expected to be executed at a discount of 5-8 per cent over Wednesday's closing price.

Updated : Jun 5, 2025

Bajaj Finserv block deal worth Rs 4,750 crore likely Friday; floor price set at Rs 1,880

Promoter entities Bajaj Holdings & Investment and Jamnalal Sons are set to offload a 1.6% stake in Bajaj Finserv via block deals on Friday.

Updated : Jun 5, 2025

Aditya Birla Group expands US footprint with acquisition of Cargill’s chemical facility

The agreement was finalised through Aditya Birla Chemicals (USA) Inc., a subsidiary of Aditya Birla Chemicals (Thailand) Ltd, further expanding the Indian conglomerate's diverse $15 billion US portfolio that includes Novelis and Birla Carbon.

Updated : Jun 5, 2025

Tata Advanced Systems to build complete Rafale fuselages in Hyderabad under new Dassault pact

Tata Advanced Systems Limited (TASL) will manufacture complete Rafale fighter jet fuselages in Hyderabad under a new agreement with Dassault Aviation. The deal, aligned with India’s ‘Make in India’ push, will see the first fuselage sections roll out by FY2028.

Vedanta said it is on track to achieve its goal of reaching 2.5 GW of clean energy by 2030.

Updated : Jun 5, 2025

Vedanta surpasses 1 GW renewable energy mark, targets 2.5 GW by 2030

Vedanta has increased its clean energy capacity to 1.03 GW and aims to achieve 2.5 GW by 2030 as part of its strategy to reach net zero carbon emissions by 2050 or earlier

NCLAT puts insolvency on hold in big relief to R-Infra

Updated : Jun 5, 2025

R-Infra gets breather as NCLAT suspends insolvency proceedings after full payment to DSPPL

The tribunal’s decision came in response to R-Infra’s appeal challenging the May 30 order by NCLT, which had admitted an insolvency plea filed by IDBI Trusteeship Services

Adani Group pays ₹74,945 crore in taxes in FY25

Updated : Jun 5, 2025

Adani Group pays Rs 74,945 crore in taxes in FY25 — nearly enough to build Mumbai Metro

Of the total contribution, direct taxes amounted to ₹28,720 crore, indirect taxes stood at ₹45,407 crore, and other contributions added ₹818 crore.

In India, it’s not about IPOs or unicorn valuations. It’s about staying alive, staying sharp, and betting on your own grit

Updated : Jun 5, 2025

'Silicon Valley rules don’t apply in Chandni Chowk': Saurabh Mukherjea explains why India’s no US

In the U.S., tech workers expect equity. In India, most don’t even know what ESOPs are. “Whilst ESOPs are commonplace in America,” Mukherjea notes, “the majority of the 1.4 million companies registered to pay corporate tax in India don’t use them.”

“We are not giving up on our banking licence ambition,” he said, underlining the company's intent to go beyond broking.

Updated : Jun 4, 2025

'Tough for a company like us': Nithin Kamath says Zerodha IPO unlikely as broking dips, banking dreams grow

Despite anticipating a 10–20% decline in Zerodha’s broking business this year due to weaker market activity, Kamath is aiming big — ₹10,000 crore in revenue by FY26.

Just as Ambani rewired India’s telecom industry, his mango venture could reset the country's backward agri-export model.

Updated : Jun 4, 2025

Mexico is winning the mango war and Mukesh Ambani's farm in Jamnagar could be India’s answer

As much as 40% of India’s mango harvest rots before reaching consumers due to a lack of modern storage and transport systems. Meanwhile, countries like Mexico have built export machines—optimized varieties, coordinated farming, and strong institutional support.

The DGCA has instructed Turkish Airlines to rectify all issues and submit proof of compliance.

Updated : Jun 4, 2025

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Corporate

HDFC Bank on Lilavati Trust allegations against CEO: 'Malicious bid to derail loan recovery'

Mukesh Ambani announces Rs 151 crore grant to ICT Mumbai, shares four ideas for 'Guru Dakshina' to professors

Delhi Airport to cancel 114 daily flights for runway upgrade from June 15 to Sept 15; check details

NCLAT rejects Byju's appeal to raise equity for Aakash, freezes stake structure

Sunil Mittal and Warburg Pincus in talks for $2 bn stake in Haier India: Report

L&T announces India's first Listed ESG Bond deal in partnership with HSBC

IndusInd Bank’s accounting crisis under control, to be resolved soon: RBI Governor Sanjay Malhotra

‘No ease of doing business in India’: Vijay Mallya slams system, says fair trial only way he’ll return

Bajaj Finserv block deal worth Rs 4,750 crore likely Friday; floor price set at Rs 1,880

Aditya Birla Group expands US footprint with acquisition of Cargill’s chemical facility

Tata Advanced Systems to build complete Rafale fuselages in Hyderabad under new Dassault pact

Vedanta surpasses 1 GW renewable energy mark, targets 2.5 GW by 2030

R-Infra gets breather as NCLAT suspends insolvency proceedings after full payment to DSPPL

Adani Group pays Rs 74,945 crore in taxes in FY25 — nearly enough to build Mumbai Metro

'Silicon Valley rules don’t apply in Chandni Chowk': Saurabh Mukherjea explains why India’s no US

'Tough for a company like us': Nithin Kamath says Zerodha IPO unlikely as broking dips, banking dreams grow

Mexico is winning the mango war and Mukesh Ambani's farm in Jamnagar could be India’s answer

DGCA flags Turkish Airlines for safety lapses during ramp inspections at four Indian airports

India's renewable sector will need to double its annual capacity: Report

Candere Hurun List 2025: Kotak Mahindra Bank’s Shanti Ekambaram leads India’s top women professionals

Reliance Infra becomes first private Indian firm to develop next-gen 155mm artillery shells

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