Business News
Asian Paints Acquires Full Ownership of White Teak for ₹188 Crore
Asian Paints Ltd, India’s leading paint manufacturer, has acquired the remaining 40% stake in Obgenix Software Pvt Ltd, which owns the premium lighting...
Tata Steel Faces ₹890 Cr GST Notice for Alleged Tax Credit Irregularities
Tata Steel has received a demand-cum-show cause notice from the Central Goods and Services Tax (CGST) and Central Excise Department, Jamshedpur, which is...
Nuvoco Vistas Acquires Vadraj Cement for ₹1,800 Cr, Expands Capacity by 20%
Nuvoco Vistas Corp, the cement arm of the Nirma Group, has completed the ₹1,800 crore acquisition of Vadraj Cement, a debt-laden Gujarat-based company...
Cognizant Sells Prime Chennai Campus for ₹612 Crore, Bagamane Plans Redevelopment
Cognizant Technology Solutions has sold its 13.68-acre campus in Okkiyam Thoraipakkam, Chennai, to the Bengaluru-based company Bagamane Constructions for ₹612 crore. Cognizant plans to...
TCS to Acquire Bengaluru Real Estate Firm for ₹2,250 Crore, Plans New Delivery Centre
Tata Consultancy Services (TCS), in a major effort to increase its operational presence, has acquired Bengaluru-based commercial real estate company Darshita Southern India...
India Weighs Safeguard Duty on Steel Imports Amid Industry Concerns
On 17 March, Darpan Jain, Director General, Directorate General of Trade Remedies (DGTR), said that India is continuing to examine a proposal to...
Tata Steel CEO Calls for Government Action to Curb Rising Steel Imports
Tata Steel CEO T V Narendran has urged the government to take immediate action to control rising steel imports, which he says are...
GPIL: Net Profit Falls 37% in Q3 FY 2024-25
Godavari Power and Ispat Limited (GPIL), an Indian steel and pellet producer, reported a sharp fall in its consolidated net profit in the third...
Tata Steel to Raise ₹3,000 Crore By Way of Bonds After 1-Year Hiatus: Shares Jump 3%
On 14 February, sources close to the company told news agencies that Tata Steel planned to return to the corporate bond market for the...
GST Penalty of ₹64.47 Crore Imposed on JSW Steel for Mining Rights Payments
JSW Steel Ltd. has been fined ₹64.47 crore by the Office of the Commissioner of GST and Central Excise, Belagavi Division. The penalty...
