Wipro Ltd is all set for a board meeting on October 17 to chat about possibly issuing bonus shares and to drop their second quarter results. This comes right after they reported a nice profit bump, even though revenue took a hit.
Indian Overseas Bank (IOB) has rolled out eight new loan centres across India to amp up customer service and speed up loan approvals. Plus, they’ve launched a cool heritage-themed ATM in Chennai, giving a nod to the city's historic vibe.
In a heartbreaking incident in Gujarat's Mehsana district, a wall collapse at a construction site led to the deaths of nine workers, with one injured. Rescue operations are ongoing. PM Modi expressed condolences and announced financial assistance for the victims' families.
Prime Minister Modi celebrated the RSS's 100th Foundation Day, giving a shoutout to its commitment to the nation and its knack for inspiring generations. He pointed out how much the organization has influenced the BJP and highlighted its vision for a developed India.
Securities Transaction Tax (STT) collections have absolutely taken off this fiscal year, jumping 87% compared to last year. It’ve hit a whopping ₹30,630 crore. This growth is mainly thanks to more trading and a boost in stock-based derivatives. With 83% of the budget target met in just six months, expectations are high for the rest of the year.
This Diwali, Tata Motors gave a big shoutout to its Pimpri plant workers with some generous bonuses, right after the passing of Ratan Tata, the legendary chairman. Almost 10,000 permanent employees got ₹49,177 each, along with over 30,000 contract workers who also received bonuses. This thoughtful gesture highlights the strong bond between the company and its workforce during a tough time.
Zepto, the quick commerce platform, totally crushed it this Navratri by selling more than 1 lakh dandiya sticks. CEO Aadit Palicha couldn't be happier, thanking all the users and sellers for their support. Plus, they saw a spike in sales of fasting-friendly snacks and got involved in festive fun at different locations.
Amicus Capital just threw ₹125 crore into Equirus Group, a finance firm that got its start thanks to the late Rakesh Jhunjhunwala. This cash injection also means Federal Bank is partially stepping back from its investment, with the goal of helping Equirus grow through more capital and tech upgrades, ready to take on India’s growth chances.
CEO of Bombay Shaving Company, Shantanu Deshpande, is saying that Delhi is "1,000%" better for startups than Bengaluru, just like Zomato's Deepinder Goyal said. Deshpande believes that Delhi's all about sustainable, high-quality businesses, making it a way better place for entrepreneurs compared to Bengaluru's trend-chasing vibe.
India's edible oil imports have dropped by 6% in the first 11 months of the 2023-24 oil year, mainly because of falling palm oil imports. The country brought in 145.35 lakh tonnes of edible oil, with palm oil down by 10%. This change shows how the market's shifting, making buyers more cautious.