Mahindra Group (File photo) CHENNAI: Mahindra Group is betting on a clutch of fast-growing businesses beyond its core automotive and farm equipment operations, setting ambitious expansion targets across hospitality, real estate, logistics, renewable energy, electric mobility and aerospace as it seeks to build multiple long-term growth engines.The diversified conglomerate said its so-called “Growth Gems” –…
Mumbai: Flipkart‘s board has approved a second Esop (employee stock ownership plan) liquidity event, allowing eligible employees to liquidate up to 5% of their outstanding options vested over the past three years at Rs 713.4 per option, an internal email from group CEO Kalyan Krishnamurthy showed.The second liquidity event is likely to be around $25…
Equities advanced on Monday, led by heavyweight HDFC Bank on a strong quarterly business update, while lower crude oil prices also aided sentiment.The Nifty rose 0.7% to 24,430, while sensex too climbed 0.7% to 78,285. They rose 2.4% each in four sessions, closing at a 10-week high.A narrowing rainfall deficit, drop in oil prices amid…
Selecting an incorrect ITR form can result in the return being treated as defective. (AI image) ITR filing FY 2025-26: Filing your income tax return can seem to be a daunting task. This annual exercise should be completed with extreme caution and presence of mind – from getting all your documents together, to reconciling all…
FSSAI issues notices to multiple brands over misleading claims NEW DELHI: The Food Safety and Standards Authority of India (FSSAI) on Monday issued a notice to the brand ‘Heritage Fresh Paneer’ over its use of the claim ‘Fresh Paneer’ on product packaging, saying the label could mislead consumers.In a post on X, the food regulator…
Taiwan’s Unimicron plans a global share sale amid AI-driven chip demand (Representative image) Taiwan’s Unimicron Technology is seeking to raise about $1.4 billion through a global share offering, joining a wave of Asian semiconductor companies tapping international investors as artificial intelligence-driven demand fuels industry expansion.According to a term sheet seen on Monday, the printed circuit…
Vaishanaw flagged off four new trains and services Railway Minister Ashwini Vaishnaw on Monday flagged off new train services and announced route extensions aimed at improving rail connectivity across Maharashtra, Uttar Pradesh and Uttarakhand, while also inaugurating the extension of an existing service through video conferencing from Bhubaneswar.The minister launched the services from Rail Sadan…
Public sector refiners have collectively absorbed losses of over Rs 75,000 crore during the first quarter of the current financial year. (AI image) Respite for oil marketing companies! State-run oil marketing companies (OMCs) could reach the break-even point on petrol and diesel sales within the next seven to 10 days if crude oil prices remain…
Increasing purchases from the US would not only diversify India’s LPG import basket and reduce dependence on Gulf suppliers. (AI image) US-Iran war impact: India is actively looking to diversify the sources of its Liquified Petroleum Gas (LPG) supply and the US has emerged as the biggest supplier in the months since the Middle East…
Trump rings Wall Street bells from Oval Office President Donald Trump on Monday rang the opening bells of the New York Stock Exchange and the Nasdaq from the Oval Office to mark the launch of Trump Accounts, a new investment programme for children created under Republicans’ 2025 tax and spending law.The symbolic ceremony came as…
