Corporate

The Budget Estimate for 2024-25 capex was pegged at Rs 11.11 lakh crore initially, it was revised later.

Updated : Apr 23, 2025

March spending push helps Centre meet revised capex target

Fund disbursals were affected last year because of the Lok Sabha elections

The regulatory heat on Gensol Engineering Ltd is intensifying by the day.

Updated : Apr 23, 2025

BluSmart buyout buzz grows — but Gensol’s troubles may derail the ride

Legal experts caution that any deal for BluSmart will not be a clean sweep. Now, PFC has filed a formal complaint with the EoW, alleging document falsification in the EV leasing project involving Gensol. In this climate, the possibility of a BluSmart buyout has raised eyebrows

Updated : Apr 23, 2025

Trident Growth Partners closes ₹1,000 cr fund, doubles down on growth-stage bets

New PE Firm by Ex-Premji, IFC execs, Trident Growth Partners closes ₹1,000 crore maiden fund, eyes additional ₹1,000 Cr via greenshoe option.

As the global trade climate becomes more inward-looking, India’s opportunity, he argues, lies in exporting cultural capital through beautifully made goods.

Updated : Apr 23, 2025

'There's a huge opportunity for...': Nikhil Kamath points to a quiet goldmine for Indian companies

He’s backing a bold call: Indian companies could win globally by focusing on quality furniture, jewellery and watches, lighting, and luggage.

Dr. Azad Moopen, Founder and Chairman of Aster DM Healthcare

Updated : Apr 23, 2025

Aster DM Healthcare to invest ₹1,400 crore in expansion across India

The investment will cover both greenfield and brownfield projects, with ₹350–400 crore already deployed, the company told Business Today

Sebi recently took action against Gensol Engineering and its promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, in a case involving fund diversion and governance lapses.

Updated : Apr 22, 2025

PFC lodges complaint against Gensol Engineering with Economic Offences Wing for forged documents

Power Finance Corporation (PFC) has lodged a complaint with the Economic Offences Wing against Gensol Engineering Ltd for submitting falsified documents.

The Hindenburg report accused the Adani Group of stock manipulation and accounting fraud.

Updated : Apr 22, 2025

Operation Zeppelin: Inside Adani's counter to Hindenburg Research

In January 2023, Hindenburg published a scathing report describing the Adani Group, one of India's largest conglomerates, led by one of its richest men, as "the largest con in corporate history".

Gensol-BluSmart: ED to probe company under PMLA Act

Updated : Apr 22, 2025

ED to probe Gensol Engineering under PMLA, may seek information from stakeholders

ED is currently studying the financial irregularities and might seek information from various stakeholders.

Palicha also said that his own enthusiasm for constantly working is not shared universally in the organisation.

Updated : Apr 22, 2025

'Stupid idea': Aadit Palicha on controversial work-life balance post, says 'Join Zepto if...'

In a podcast with Y Combinator CEO Garry Tan, Palicha said that he regretted writing his controversial post on the issue in December 2024.

“These leadership changes ensure that we have strong, proven leaders at the helm of our key businesses,” said Anish Shah, Group CEO and Managing Director, M&M.

Updated : Apr 21, 2025

Mahindra rejigs top brass: Hemant Sikka, Veejay Nakra, R Velusamy take charge of key growth engines

The internal appointments, announced on April 21, aim to steer the conglomerate’s next phase of growth, aligning experienced leaders with some of its most high-performing businesses.

A decision on whether to initiate an inquiry is expected within a fortnight

Updated : Apr 20, 2025

MCA launches suo motu probe into Gensol Electric, firm's regulatory filings will be examined: Sources

The ministry is looking into wrongdoings at Gensol Electric, sources said, adding that a suo moto inquiry has been initiated and the company's regulatory filings and accounts will be examined.

The Series B raise, at a $250 million pre-money valuation follows its previous $100 million valuation during the Series A round in 2022-23.

Updated : Apr 19, 2025

Backed by MS Dhoni, drone startup Garuda Aerospace secures ₹100 crore in Series B Funding from VCAT

With more than 20 patents under its belt, the startup is allocating a portion of its new funds toward expanding its intellectual property and setting up a new design facility focused on advanced drone systems.

In the fiscal year 2024, PhonePe reported a significant 73 percent year-on-year increase in revenue, totaling Rs 5,064 crore.

Updated : Apr 19, 2025

PhonePe becomes public entity, targets $15 billion valuation ahead of IPO

PhonePe's transition to a public limited company marks a significant step towards its IPO, targeting a $15 billion valuation with strategic advisors on board.

BluSmart’s shutdown on Wednesday followed SEBI’s move to bar Gensol Engineering Ltd executives from the market, citing misrepresentation of financials and misuse of IPO proceeds.

Updated : Apr 19, 2025

'Allegations against BluSmart are serious, but...': Sabeer Bhatia joins debate on Gensol crisis after Aman Gupta

Sabeer Bhatia warned against ‘media trial’ in BluSmart case, says it harms the startup ecosystem.

All major players — Jio, Airtel, and Vi — have seen ARPU growth driven by tariff hikes, premium plan adoption, and increased data consumption.

Updated : Apr 18, 2025

Mobile data is getting costlier in India — Telco financials tell the story; expert explains the trend

Global brokerage Bernstein said in a recent note that ARPU levels to rise to Rs 300 by FY27, driven by continued tariff increases, smartphone upgrades, and data monetisation.

BluSmart has temporarily halted operations in Delhi NCR, Mumbai, and Bengaluru.

Updated : Apr 18, 2025

BluSmart faces SEBI heat; Deepika Padukone, Dhoni, Ashneer Grover among high-profile investors

BluSmart had attracted a star-studded lineup of early backers. Bollywood actor Deepika Padukone, cricketer MS Dhoni, Bajaj Capital’s Sanjiv Bajaj, and BharatPe founder Ashneer Grover were among the key investors.

Infosys trims trainee pool again as 240 fail final test; outplacement and training offered

Updated : Apr 18, 2025

Infosys lets go 240 freshers over failed assessments, offers free upskilling support- Report

This marks the second round of performance-related layoffs in recent months, following the exit of over 300 trainees in February under similar circumstances

Bombay High Court has given interim relief to Shemaroo Entertainment in a GST matter

Updated : Apr 18, 2025

Bombay High Court grants interim relief to Shemaroo Entertainment in Rs 400 crore GST case

The Bombay HC has granted interim protection to the petitioners and has restrained the tax authorities from taking any coercive action against the employees.

TCS probed for discrimination in the US, company denies allegations

Updated : Apr 18, 2025

US agency probes TCS over discrimination charges; company calls allegations ‘meritless, misleading’

The employees started filing complaints against TCS in late 2023. The investigation started during the Joe Biden administration and has continued under President Donald Trump.

This ambitious hiring plan comes despite the company recently laying off 400 trainees who failed evaluation tests.

Updated : Apr 18, 2025

Good news for IT sector! Infosys to hire over 20K employees in FY26, rolls out salary hikes. Details here

Infosys also reported an 11.7% decrease in its consolidated net profit for the March quarter, amounting to ₹7,033 crore, down from ₹7,969 crore in the same period last year.

ITC aims to leverage SNBPL’s sourcing network and backend capabilities to complement its existing packaged foods portfolio.

Updated : Apr 17, 2025

ITC to buy 24 Mantra Organic for ₹472.5 crore to power its healthy foods portfolio

With this acquisition, ITC brings under its wing one of India’s most recognised names in organic packaged foods, positioning itself at the forefront of the sustainable nutrition movement both at home and abroad.

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Corporate

March spending push helps Centre meet revised capex target

BluSmart buyout buzz grows — but Gensol’s troubles may derail the ride

Trident Growth Partners closes ₹1,000 cr fund, doubles down on growth-stage bets

'There's a huge opportunity for...': Nikhil Kamath points to a quiet goldmine for Indian companies

Aster DM Healthcare to invest ₹1,400 crore in expansion across India

PFC lodges complaint against Gensol Engineering with Economic Offences Wing for forged documents

Operation Zeppelin: Inside Adani's counter to Hindenburg Research

ED to probe Gensol Engineering under PMLA, may seek information from stakeholders

'Stupid idea': Aadit Palicha on controversial work-life balance post, says 'Join Zepto if...'

Mahindra rejigs top brass: Hemant Sikka, Veejay Nakra, R Velusamy take charge of key growth engines

MCA launches suo motu probe into Gensol Electric, firm's regulatory filings will be examined: Sources

Backed by MS Dhoni, drone startup Garuda Aerospace secures ₹100 crore in Series B Funding from VCAT

PhonePe becomes public entity, targets $15 billion valuation ahead of IPO

'Allegations against BluSmart are serious, but...': Sabeer Bhatia joins debate on Gensol crisis after Aman Gupta

Mobile data is getting costlier in India — Telco financials tell the story; expert explains the trend

BluSmart faces SEBI heat; Deepika Padukone, Dhoni, Ashneer Grover among high-profile investors

Infosys lets go 240 freshers over failed assessments, offers free upskilling support- Report

Bombay High Court grants interim relief to Shemaroo Entertainment in Rs 400 crore GST case

US agency probes TCS over discrimination charges; company calls allegations ‘meritless, misleading’

Good news for IT sector! Infosys to hire over 20K employees in FY26, rolls out salary hikes. Details here

ITC to buy 24 Mantra Organic for ₹472.5 crore to power its healthy foods portfolio

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