ITC Shares Life Insurance Corporation of India (LIC) has suffered a notional loss of over ₹11,400 crore in just two trading sessions after shares of ITC Ltd slumped nearly 14% following a sharp hike in excise duty on tobacco products announced by the government. ITC shares fell to their lowest level in nearly three years, wiping out around ₹72,300 crore in market capitalisation and dealing a significant blow to large institutional shareholders. LIC, India’s largest domestic institutional investor, holds 19.86 crore shares in ITC, representing a 15.86% stake as of the September quarter, making it one of the biggest losers…
Author: Adarsh Kumar
Intercity mobility startup Zingbus nearly doubled its operating scale in the financial year ended March 2025, with revenue crossing the ₹150 crore mark, even as the company continued to report losses amid aggressive expansion. According to financial statements filed with the Registrar of Companies (RoC), Zingbus’ revenue from operations surged 85% year-on-year to ₹161 crore in FY25, up from ₹87 crore in FY24. The Gurugram-based company generates its entire income from intercity bus ticketing services. The sharp revenue growth was accompanied by a significant rise in costs, largely driven by fleet expansion. Bus hire charges remained the biggest expense head,…
Info Edge (India) Ltd has formally confirmed the merger of its agritech portfolio company Gramophone with Unnati Agri, marking a major consolidation move in India’s fast evolving agritech sector. The transaction will see Info Edge emerge as a significant minority shareholder in the merged entity. In a regulatory filing on Saturday, Info Edge said its wholly owned subsidiary, Startup Investments (Holding) Ltd (SIHL), has entered into a share swap arrangement to transfer its entire stake in Agstack Technologies Pvt Ltd, which operates Gramophone, to Akshamaala Solutions Pvt Ltd, the parent company of Unnati Agri. Under the approved structure, SIHL will…
Zomato founder and chief executive officer Deepinder Goyal has strongly defended the company’s gig-based delivery model, citing rising earnings, flexible work options and welfare measures for delivery partners amid growing political and public scrutiny of the sector. In a detailed post on X, Goyal outlined how Zomato’s delivery ecosystem functions and why it continues to remain a sustainable source of livelihood for millions. He said that in 2025, Zomato delivery partners earned an average of ₹102 per hour, excluding tips, compared with ₹92 per hour in 2024, reflecting a 10.9% year-on-year increase. According to Goyal, delivery partners working longer shifts…
The Central government has approved 22 new projects under the Electronics Component Manufacturing Scheme (ECMS), clearing proposed investments worth ₹41,863 crore, marking the largest approval round under the scheme so far. The projects are expected to generate production output valued at ₹2.58 lakh crore and create nearly 33,800 direct jobs, Union Minister for Electronics and IT Ashwini Vaishnaw said. The approvals form part of the government’s broader push to reduce India’s reliance on imported electronic components and strengthen domestic manufacturing capabilities across the electronics value chain. The ECMS focuses on building depth beyond final assembly by encouraging local production of…
The Central government is implement the 8th Pay Commission from January, 2026, a move that could lead to a significant salary revision for employees and pensioners. While the official announcement is still awaited, policy discussions and past pay commission trends suggest a broad-based increase in pay scales across departments. According to sources familiar with the matter, the proposed pay revision aims to address rising inflation, increased cost of living, and changing economic conditions. Entry-level employees such as peons, constables, and junior staff are expected to benefit substantially, with monthly salaries potentially increasing to around ₹50,000 after factoring in revised pay…
Maruti Suzuki India Ltd on Friday reported its highest-ever annual production, manufacturing 2.255 million vehicles (22.55 lakh units) in calendar year 2025, marking a year-on-year growth of 9.3%. The milestone underscores the automaker’s continued dominance in India’s passenger vehicle market and the strength of its manufacturing ecosystem. This is the second consecutive year that Maruti Suzuki has crossed the 2 million production mark, following output of 2.063 million units in 2024. The production figures include vehicles manufactured for domestic sales, exports, and original equipment manufacturer (OEM) supplies, the company said in a statement. Commenting on the achievement, Maruti Suzuki India…
Direct-to-consumer (D2C) meat and seafood brand FreshToHome reported a modest improvement in its financial performance in the fiscal year ended March 31, 2025, as the company scaled its operations while keeping losses largely stable. According to its financial statements sourced from the Registrar of Companies (RoC), FreshToHome’s gross revenue grew 14% year-on-year to ₹421 crore in FY25, up from ₹369.5 crore in FY24. Including non-operating income of ₹9 crore, the company’s total income stood at ₹430 crore during the year. FreshToHome primarily generates revenue from the sale of meat, seafood and other fresh produce through its online platform. High Material…
Ayurveda wellness and nutrition brand Kapiva continued its strong top-line growth in the financial year ended March 31, 2025, with revenue from operations rising nearly 50% year-on-year to ₹342 crore, according to its consolidated financial statements sourced from the Registrar of Companies (RoC). However, higher spending across key cost heads led to an increase in losses during the year. Founded in 2015, Kapiva offers natural and organic ayurvedic products across categories such as diabetes, hypertension, liver health, hormonal balance, wellness, energy and sports nutrition. The sale of these products remained the company’s sole source of operating revenue. Including non-operating income…
Unified Payments Interface (UPI) recorded its highest ever monthly transaction volume at 21.63 billion transactions in December 2025, marking a 29% year-on-year growth, according to data released by the National Payments Corporation of India (NPCI). In value terms, UPI transactions stood at ₹27.97 lakh crore, underscoring the platform’s expanding role in India’s digital payments ecosystem. On an average, the system processed 698 million transactions per day, with a daily transaction value of ₹90,217 crore. Strong Month-on-Month Growth On a month-on-month basis, transaction volumes increased from 20.47 billion in November, while transaction value rose from ₹26.32 lakh crore. November had already…