In a significant corporate development, Erramilli Venkatachalam Prasad and Rodrigues Bhagvandas Lily have announced an open offer to acquire 100% of the public shareholding of Cupid Breweries and Distilleries Limited (formerly Cupid Trades and Finance Limited). The proposed offer price is ₹71.80 per share, which includes an interest…
The Reserve Bank of India (RBI) has announced the final redemption price for the Sovereign Gold Bond (SGB) 2017-18 Series-IV, set to mature on October 23, 2025, at ₹12,704 per gram of gold. The redemption proceeds will be credited directly to investors’ bank accounts linked to the depository…
Investors holding shares of ICICI Lombard General Insurance, Ksolves India, and Uniparts India have an opportunity to receive dividend payouts as these companies go ex-dividend today, October 23, 2025. Shareholders who own the stocks in their demat accounts prior to this date are eligible to receive the declared…
International Business Machines Corp. (IBM) reported a mixed performance in its latest quarterly results, highlighting both the strengths and challenges within its software division. While the company’s overall software business demonstrated solid growth, slower momentum in its Red Hat unit, a key acquisition underpinning IBM’s hybrid cloud strategy,…
Reliance Industries Ltd (RIL), India’s energy and industrial conglomerate, has reportedly procured at least 2.5 million barrels of crude oil from Middle Eastern sources, signaling a strategic shift in its oil procurement approach. The purchases include Iraq’s Basrah Medium, Al-Shaheen grade, and Qatar Land grade, reflecting the company’s…
The National Company Law Tribunal (NCLT) has ordered the commencement of insolvency proceedings against Bhilai Jaypee Cement, a subsidiary of the financially stressed Jaiprakash Associates Limited (JAL), following a default of ₹45 crore. The decision by the Cuttack bench of NCLT comes after admitting a petition filed by…
The Ministry of Electronics and Information Technology (MeitY) has released draft rules aimed at curbing the spread of deepfakes and AI-generated misinformation across digital platforms. The initiative is part of a broader effort by the government to enhance transparency, accountability, and user trust in online content, as the…
Tata Motors Passenger Vehicles Ltd (TMPV) has achieved a significant milestone this festive season, delivering over 1 lakh vehicles between Navratri and Diwali 2025, marking a 33% year-on-year growth compared to the same period last year. Managing Director and CEO Shailesh Chandra attributed the strong performance to buoyant…
The Reserve Bank of India (RBI) has steadily increased its gold reserves, with holdings reaching 880.18 metric tonnes at the end of September 2025. This marks a slight rise from 879.58 tonnes recorded at the close of the previous financial year, reflecting the central bank’s ongoing strategy to…
Volkswagen AG has cautioned employees that production stoppages cannot be ruled out due to emerging supply chain pressures in Europe, highlighting the growing challenges faced by the auto sector amid a dispute involving Dutch chipmaker Nexperia. Current Situation VW has not yet experienced production losses but warned that…