Walmart-owned fintech giant PhonePe has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) through the confidential route, setting the stage for one of the most anticipated IPOs in the Indian tech space. The Bengaluru-based firm has taken advantage of SEBI’s confidential filing mechanism, introduced last year, which...
Category: Business
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Govt may double IndiaAI Mission corpus to ₹20,000 crore in 5 years
AI infrastructure providers and deeptech players have sought a doubling of the outlay for the IndiaAI Mission, with an expanded scope to support more ambitious projects, sources aware of the development said. The additional funding will be required for onboarding and subsidising additional Graphics Processing Units (GPUs), as well as bringing more startups and companies...
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Govt extends ITR filing deadline for AY 2025-26 by a day to Sept 16
The Central Board of Direct Taxes (CBDT) on Monday extended the due date for filing income tax returns (ITRs) by one day to September 16, 2025, as the earlier deadline was September 15. The original due date for filing ITRs for AY 2025-26 was July 31, 2025. The extension was given because of “structural and content...
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99% of goods in 12% GST bracket moved to 5%, FM
Union Finance Minister Nirmala Sitharaman, on Sunday (September 14, 2025), said the GST regime has benefited both the people and the State governments. Addressing the joint conclave of Trade and Industries Association in Chennai on the topic ‘Tax Reforms for Rising Bharat’, she said in the latest GST reforms, 99% of all the goods which were...
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Sensex jumps 555 pts, Nifty 50 ends at 24,625; investors earn over ₹5 lakh crore
Indian stock market benchmarks, the Sensex and the Nifty 50, ended with healthy gains on Monday, September 1, snapping their three-session losing run on buying across segments. The Sensex closed with a gain of 555 points, or 0.70 per cent, at 80,364.49, while the Nifty 50 ended the day at 24,625.05, up 198 points, or 0.81 per...
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Suzuki Motor to invest $8 billion in India, begins first EV production
India, Aug 26 (Reuters) – Japan’s Suzuki Motor (7269.T), opens new tab will invest 700 billion rupees ($8 billion) in India over the next five to six years, its chairman said on Tuesday, as production of the automaker’s first electric vehicle began. Through its majority stake in Maruti Suzuki (MRTI.NS), opens new tab, Suzuki Motors already produces 17...
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Direct impact of higher tariff likely to be limited: SBI head
State Bank of India Chairman Challa Sreenivasulu Shetty on Saturday said the direct impact of the higher tariff scenario unfolding in the U.S. is likely to be limited not just on books of the bank, but also on India given the geographical spread and basket of exports from the country. Textiles, gems and jewellery and...
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TCS to roll-out wage hikes for about 80% of employees, effective Sept 1
India’s largest IT services company, Tata Consultancy Services (TCS), on Wednesday, informed employees that it will roll-out wage hikes for about 80 per cent of the workforce, covering mid- to junior levels. The wage hikes come at a time when TCS is set to lay off about 12,000 employees this year. The wage hikes will be...
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ITC Q1 earnings: Net profit at Rs 5,343 crore, revenue rises 20%
Diversified conglomerate ITC on Friday posted a 5% rise in consolidated net profit for the June 2025 quarter. Net profit came at Rs 5343 crore in the June quarter against Rs 5092 in the corresponding period a year earlier. Revenue rose 20 per cent to Rs 23,007 crore in Q1 from Rs 19,239 crore in the...
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Andhra Pradesh, Google Sign $6 Billion Worth Major Data Centre Deal
Andhra Pradesh has closed a major data centre deal with global tech giant Google and leading Indian Information and Communications Technology (ICT) service provider Sify. These agreements, totalling $7.9 billion in investment and contributing 1.55 gigawatts (GW) to the state’s data processing capacity, a source in the Andhra Pradesh government told NDTV. Google is set...