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HUL hit with ₹447.5 crore GST demands and penalties The company received a total of five orders passed from different zones of GST officials over issues such as disallowance of GST credit, salaries including allowances paid to expats etc

Ashok Leyland December sales drop 10% YoY to 16,324 units; share price falls Ashok Leyland registered a 10% drop in total sales during December 2023 at 16,324 units as against 18,138 vehicles sold in December 2022.

Weak rural demand to dent FMCG sector volumes in Q3FY24, says Nuvama; United Breweries, Nestle to be outliers Rural demand is expected to hinder the volume growth of the FMCG industry in Q3FY24, with rural volumes projected to remain flat or slightly decline year over year. The high rate of...

Billionaire promoters in India Inc hit record high of 152 in 2023; decline in Ambani, Adani combined net worth: Report Mukesh Ambani's net worth climbed by 4.7% to $112.5 billion in 2023, while Gautam Adani's net worth dropped 28.7% to $106.63 billion.Shiv Nadar surpassed Radhakishan Damani to...

Q3 result preview: IT firms expected to post muted revenue, subdued profit amid weak demand Indian IT services companies are expected to report subdued numbers for the December quarter due to weakness in IT services demand and high furloughs.

Airtel Africa names Sunil Taldar as CEO Taldar replaces Olusegun Ogunsanya, who will retire on 1 July

Flipkart co-founder Binny Bansal launches new e-commerce startup OppDoor; know details Flipkart co-founder Binny Bansal has launched his new startup, OppDoor, to provide end-to-end solutions to ecommerce firms.

InvAscent looks to exit Aizant Drug at $350-400 mn valuation The investment firm has approached PE funds to buy a controlling stake in the drug development company

Warren Buffett made the biggest charitable donation in 2023 worth $541.5 million Warren Buffet emerged as the biggest charity donor of 2023 with a $541.5 million donation to the Susan Thompson Buffett Foundation.

VRO Hospitality raises $10 million to expand VRO Hospitality has raised $10m in a bridge funding round led by Axis Bank and Gruhas. The funds will be used for acquisitions and expanding the company's portfolio of brands, which currently includes Mirage, Taki Taki, and Los Cavos.

Geetika Mehta joins Nivea as MD Mehta joins the personal care products company from confectionery maker Hershey India where she was appointed managing director in July 2021

Bombay HC asks Zee promoter to deposit ₹61.6 crore over default to Axis Finance Axis Finance, a non-banking subsidiary of Axis Bank, had petitioned the high court to recover loans given to Cyquator Media. The company defaulted on interest payments and pledged shares to other lenders while...

Akasa Air set to finalise order for 150 Boeing jets: Report Indian airline Akasa Air is reportedly finalizing a deal to order approximately 150 Boeing 737 MAX narrowbody planes, with an official announcement expected at Wings India in January.

Will no-poach agreements hold in India? Globally, no-poach agreements are prevalent. However, increasingly, they are attracting scrutiny from regulators because such agreements can restrict competition.

Mint Explainer: Why India’s targeting Binance, other offshore crypto exchanges Millions of Indian users were transacting with offshore crypto exchanges to evade taxes. This hurt not just the service providers who were complying with the law, but also resulted in revenue losses for the government

Elon Musk's X gets another valuation cut from Fidelity, says, ‘less than third of purchase price’ Elon Musk’s X is now worth less than a third of the price the billionaire paid for the former Twitter Inc., according to Axios citing disclosures by Fidelity, which helped him complete the $44...

D-Day for Vedanta; Agarwal needs 67% ayes by day’s end Vedanta has sought investor approval to delay the maturity of several of its outstanding corporate bonds to better manage its debt repayment cycle

Zomato's Deepinder Goyal faces ire over NYE 'War Room' post: ‘Ordering from Swiggy to ensure...' Zomato CEO Deepinder Goyal faces backlash for sharing images of the 'War Room' on New Year's Eve, with critics highlighting the hard work of delivery partners.

In ad-tech, be agile and pragmatic: says Rob Norman, adviser, Madison Media Rob Norman has joined Madison World as a strategic adviser, bringing his ad-tech expertise to the Indian integrated communications major. Norman will offer strategic advice on various aspects of the company's digital...

Gin maker Nao Spirits forays into premium rum biz Gin-maker Nao Spirits and Beverages has expanded into the premium rum market with its new product Pipa-Rum de Goa. The spiced rum, priced at ₹3,000, will initially be available in Goa before being marketed in other states.