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Top News / Zee Biz

ICICI Prudential Life Insurance Q3 FY25 Results Preview: Life insurer likely to clinch 12% rise in profit, gross premium may rise 30%

ICICI Prudential Life Insurance is all set to report its financial results for the October-December period on Tuesday. The private sector life insurer is estimated to report a 12 per cent year-on-year jump in its net profit to Rs250 crore for the quarter ended December 31,according to Zee Business research. Here's what else investors can expect from the company's upcoming earnings report.

20 Jan 2025 11:48 pm
Reliance Power appoints Neeraj Parakh as CEO effective immediately

Reliance Power, part of the Reliance Group led by top businessman Anil Ambani, said Neeraj Parakh's appointment as CEO is effective for a period of three years.

20 Jan 2025 10:30 pm
Top Midcap Mutual Funds: Rs 5 lakh lump sum investment in 3 schemes has grown to more than Rs 20 lakh in 5 years; see list

Midcap Mutual Funds: A type of mutual fund schemes, midcap funds hold assets in mid-sized companies.These firms are considered to be in the middle of the mcap spectrum, ranked between 101 and 250. Generally, the midcap segment is considered riskier than largecap but safer than smallcap.In this article, we will cover some of the top-performing midcap mutual funds in 5 years, according to AMFI data as of January 3, 2025. Read on to learn more about some of the top-performing midcap MF schemes.

20 Jan 2025 7:03 pm
Waaree Renewable Tech bags order worth Rs 277 crore to set up 105 MWp solar project

Waaree Renewable Technologies on Monday said that it has secured an order worth Rs 277.20 crore for setting up a ground-mounted solar project of 105 MWp (DC) capacity on a turnkey basis.

20 Jan 2025 6:07 pm
PVR INOX launches app feature for curated movie experience

Buoyed by strong consumer response to re-released films, cinema chain PVR INOX Ltd on Monday introduced a feature allowing movie lovers to create or join customised shows at their preferred cinemas.

20 Jan 2025 5:37 pm
Dixon Technologies Q3FY25: PAT climbs 124%, revenue more than doubles

As against Zee Business analysts estimates, Dixon Tech's consolidated PAT came in higher at Rs 217 crore during the October-December quarter.

20 Jan 2025 5:30 pm
HDFC Bank Q3 FY25 earnings Preview: Here's what you can expect

HDFC Bank is set to announce Q3 FY25 results on Jan. 22. Investors eye growth in NII, loan book, and asset quality amid steady advances and robust deposit growth.

20 Jan 2025 5:15 pm
PPF For Regular Income: Can you get Rs 1,06,828/month tax-free income from Public Provident Fund?

Public Provident Fund (PPF) is a small savings scheme that currently offers an interest rate of 7.1 per cent. It allows any residents of India, including salaried, self-employed, and pensioners to invest in this popular investment scheme for retirement planning.

20 Jan 2025 4:59 pm
Will continue to spend Rs 2,000 crore per year on new CV development, capital equipment: Tata Motors

Tata Motors will continue to invest around Rs 2,000 crore annually on the development of new commercial vehicles and capital equipment as the company works on a gamut of technologies to drive towards sustainable mobility, according to its Executive Director Girish Wagh.

20 Jan 2025 4:15 pm
Zomato Q3 net profit falls 57% YoY to Rs 59 crore, stock crashes 7%

Zomato's Q3 FY25 earnings take a hit, stock plunges 7%

20 Jan 2025 4:08 pm
PLI Scheme for White Goods: 24 Companies selected, Rs 3,516 crore investment committed

The Indian government's Production-Linked Incentive (PLI) scheme is set to give a major boost to the production of air conditioner and LED light components in India. In the third round of the scheme, 24 companies have committed to investing Rs 3,516 crore.

20 Jan 2025 3:43 pm
HUL Q3 Results Preview: FMCG giant likely to log 2% rise in profit, margin may shrink by 30 bps

FMCG major Hindustan Unilever Ltd (HUL) is all set to report its financial results for the October-December period on Wednesday, January 22.

20 Jan 2025 2:21 pm
Zomato Q3FY25 Preview: Revenue may see 66% growth YoY; Blinkit's growth in focus

Zomato Q3 preview: Revenue is seen up 13.9% QoQ, led by Blinkit's rapid growth; EBITDA margin likely to improve to 5.1%, with profitability boosted by lower tax rates.

20 Jan 2025 10:00 am
BharatPe CEO says 90-hour week difficult number to clock in, work quality matters

Amid a raging debate in India Inc over 90-hour work week, BharatPe CEO Nalin Negi has said that quality matters more when it comes to measuring outcomes and productivity of employees at workplace, not long hours clocked in, as he emphasised that fintech firm does not have such extreme work hour expectations.

19 Jan 2025 7:56 pm
CapitaLand announces Rs 450 crore investment in new IT park in Hyderabad

CapitaLand Group, a real estate investment and development company headquartered in Singapore, has announced a Rs 450 crore investment to develop a state-of-the-art 1 million square foot IT park in Hyderabad.

19 Jan 2025 4:40 pm
Why you need an emergency fund and how to start building one today

An emergency fund is important for financial security. It provides a safety net during unexpected situations. One can start by setting a savings goal, cutting unnecessary expenses, and consistently saving to build their fund.

19 Jan 2025 3:54 pm
Bharat Mobility Global Expo 2025: Numeros Motors launches Diplos Max E-Scooter, announces country's first bike-scooter crossover

Bharat Mobility Global Expo 2025:Electric vehicle manufacturer Numeros Motors has launched its multipurpose e-scooter - the Diplos Max at Bharat Mobility Global Expo 2025.Alongside, the company introduced an exciting new platform, Indias first-ever Bike-Scooter Crossover.

19 Jan 2025 2:46 pm
Man Industries India board approves plan to raise Rs 300 crore

The board, at its meeting on Saturday, also approved the appointment of Sandeep Kumar as the CFO and Key Managerial Personnel with effect from January 18, 2025.

18 Jan 2025 7:55 pm
Olectra Greentech launches Blade Battery Chassis

Olectra's focus continues to increase manufacturing and enhance technology capabilities.

18 Jan 2025 7:28 pm
Ramkrishna Forgings Q3 Results: Net profit grows 21% to Rs 100 crore

Its total revenues rose to Rs 953 crore from Rs 903 crore in the year-ago quarter.

18 Jan 2025 5:59 pm
Centre approves Rs 11,440 crore RINL revival plan; privatisation issue does not arise: Steel Minister

The Union Cabinet has approved a Rs 11,440 crore revival package for Rashtriya Ispat Nigam Ltd to help the struggling steelmaker tide over its financial woes, Union Steel Minister HD Kumaraswamy said.

18 Jan 2025 9:39 am
Bharat Mobility Global Expo 2025: Tata Motors unveils Sierra, 31 new vehicle

The company's Executive Director Girish Wagh said it is presenting six zero-emission electric vehicles, ranging from mini trucks and pickups to intermediate and heavy trucks, alongside buses. In the passenger vehicles segment, Tata Motors unveiled 18 new cars & SUVs.

18 Jan 2025 8:50 am
Rallis India Q3 Results: Net profit dips by 54.16% to Rs 11 crore bse nse

Rallis India Q3 Results:Rallis India, a Tata Enterprise, on Friday reported a 54.16 per cent on-year decline in net profit to Rs 11 crore for the quarter ended December 31, 2024.

17 Jan 2025 8:42 pm
ICICI Lombard Q3 net profit rises 68% to Rs 724 crore

Its gross direct premium income for the quarter declined to Rs 6,214 crore against Rs 6,230 crore in the year-ago period, ICICI Lombard said in a regulatory filing.

17 Jan 2025 8:23 pm
Indian Hotels Company posts 29% surge in December quarter net profit at Rs 582.32 crore

Intimation of disapproval is a formal communication from local authorities that indicates that a project can proceed, but with certain conditions.

17 Jan 2025 8:15 pm
Government approves Rs 11,440 cr RINL revival plan

With this revival package, many of the legacy problems that RINL used to face will be resolved, Information and Broadcasting Minister Ashwini Vaishnaw said.

17 Jan 2025 7:45 pm
Tech Mahindra Q3 Results: Consolidated profit at to Rs 983 crore; revenue rises 1.4%

Tech Mahindra reported a strong 92.63 per cent year-on-year (YoY) growth in its consolidated profit for the quarter ended December 2024, reaching Rs 983 crore. The profit stood at Rs 510 crore in the corresponding quarter of the previous financial year.

17 Jan 2025 4:17 pm
Lotus cars expands its footprint in India with Lotus Centre launch, introduces 2025 Emeya hyper-GT and the updated Emira range

Lotus Centre launch:Lotus Cars, through its exclusive partner Exclusive Motors, has officially launched its first-ever Lotus Centre in India, located at the World Trade Centre in New Delhi. This marks a significant step in the British automakers strategy to expand its presence in the Indian luxury car market.

17 Jan 2025 4:10 pm
Hero MotoCorp launches 4 new products at Bharat Mobility Global Expo 2025

Auto Expo 2025:Motorcycle and scooter manufacturer Hero MotoCorp has launched four new products at the Bharat Mobility Global Expo 2025. The new models include the Hero Xoom 125, Hero Xoom 160, Hero Xpulse 210, and Hero Xtreme 250R.

17 Jan 2025 3:54 pm
Coal India aims at 4-5% growth in production in FY'25

CIL production grew 2.2 per cent to 543 million tonnes till December in the current fiscal. But aiming to ramp up production in the remaining days of the fiscal, efforts are on to achieve a growth of around 4 to 5 per cent, he said.

17 Jan 2025 3:36 pm
SBI Life Q3 Results: Consolidated PAT surges 71% YoY to Rs 551 crore; net premium income jumps 11%

SBI Life Q3: PAT soars71 per cent YoY to Rs 551 crore, premium income up 11 per cent.

17 Jan 2025 3:11 pm
BPCL ties Rs 31,802 crore funds for Bina refinery expansion, petchem project

The project, estimated to cost Rs 48,926 crore, aims to set up a petrochemical complex comprising a 1.2 million tonnes per annum (MTPA) ethylene cracker unit and increase the refinery's capacity from 7.8 MTPA to 11 million tonnes.

17 Jan 2025 12:45 pm
Tech Mahindra Q3FY25 Preview: PAT likely to drop 17.6% QoQ; revenue estimated to be steady

Tech Mahindras Q3FY25 earnings are expected to show a 17.6% QoQ drop in PAT, with flat revenue growth. Key factors include furloughs, weak manufacturing, and seasonality in the Comviva business.

17 Jan 2025 12:28 pm
LTIMindtree Q3 results disappoint Street; should you buy, sell or hold IT stock?

LTIMindtree Q3: Revenue rises 4.6 per cent YoY; profit dips 7 per cent; shares drop 3.4 per cent as brokerages remain divided on growth outlook.

17 Jan 2025 11:14 am
SBI Life Q3 Results: Modest profit growth, APE up; should you buy, sell or hold?

SBI Life's Q3 FY25 results preview indicates stable new business premium growth, a modest 8% rise in VNB, and 56%profit surge despite SBI channel challenges.

17 Jan 2025 11:02 am
Axis Bank Q3 Results Review: Earnings miss estimates; brokerages slash targets

Axis Bank Q3FY25 results miss estimates as net profit rises three-point eight three percent YoY. Slower credit, deposit growth, and rising slippages prompt brokerages to cut target prices.

17 Jan 2025 10:33 am
CCI penalises investment manager of Goldman Sachs AIF for failing to notify Biocon deal

The Competition Commission has imposed a penalty of Rs 40 lakh on the investment manager of Goldman Sachs AIF for failing to notify the regulator about the more than four-year-old deal that gives the option to buy up to 3.81 per cent stake in Biocon Biologics.

17 Jan 2025 12:32 am
MobiKwik partners Piramal Finance to offer personal loans

Fintech firm and digital wallet major MobiKwik has partnered with Piramal Capital & Housing Finance Ltd to provide personal loans to its customers, the company said in a regulatory filing.

17 Jan 2025 12:25 am
Infosys says H1B visa dependence lowered, expresses confidence in resilient business model

Days after HCLTech said it has lowered reliance on H1B visas, Infosys on Thursday reported a significant decrease in its dependence on this visa category and exuded confidence in its esilient operational model.

16 Jan 2025 8:48 pm
LTIMindtree Q3 Results: Net profit declines 7.14% to Rs 1,085 crore

LTIMindtree Q3 Results:IT solutions provider LTIMindtree on Thursday reported a 7.14 per cent decline in consolidated net profit to Rs 1,085.4 crore in the December quarter of FY25.The Mumbai-based firm had reported a profit of Rs 1,168.9 crore in the year-ago period.

16 Jan 2025 8:46 pm
Axis Bank Q3 Results Net profit rises by 4% to Rs 6,304 crore bse nse

Axis Bank Q3 Results:Private sector lender Axis Bank on Thursday reported a 4 per cent rise in standalone net profit to Rs 6,304 crore for the third quarter ended on December 31, 2024.The bank had earned a net profit of Rs 6,071 crore in the October-December quarter of the previous year.

16 Jan 2025 8:37 pm
Havells Q3 Results: Net profit slips 3.5% to Rs 278 crore

The total income of Havells India, which includes other income, also grew 10.81 per cent to Rs 4,953.31 crore.

16 Jan 2025 8:21 pm
De-registration application of Tata Sons as NBFC under examination: RBI

Tata Sons, however, has applied for de-registration as a NBFC, and its application is still pending with the Reserve Bank.

16 Jan 2025 6:50 pm
Spencer's Retail forays into quick commerce segment

The retail chain aims at delivering orders within 20-30 minutes using its existing stores to meet the demand for fast delive

16 Jan 2025 5:42 pm
Post Office FD vs RD: Which will generate higher returns on Rs 6 lakh investment in 5 Years?

Post Office Fixed Deposit (FD) and Post Office Recurring Deposit (RD) are popular investment options for those who are looking for risk-free returns. These schemes are not linked to the market, so the returns are guaranteed. In FD, one can invest a lump sum amount at once, while in RD, investors can invest money every month.

16 Jan 2025 4:58 pm
infosys q3fy25 earnings net profit revenue cc terms revenue guidance share price bse nse

Bengaluru-based IT bellwether Infosys for the October-December quarter reportedrevenues at Rs 41,764 crore, a 7.6 per cent growth of year-on-year (YoY). Zee Business research estimated revenue at Rs 41,370 crore. The same in the previous September ended quarter was at Rs 40,986 crore.

16 Jan 2025 4:36 pm
8th Pay Commission: Prime Minister Narendra Modi gives nod to new pay commission; 7th Pay Commission tenure extended till 2026

8th Pay Commission Approval: Prime Minister Narendra Modi today (Thursday, January 16, 2024) gave the go-ahead to the 8th Pay Commission, Zee Business reported.The tenure of the 7th Pay Commission will remain till the end of the year 2026. Union Minister Ashwini Vaishnaw gave information about the formation of the 8th Pay Commission.

16 Jan 2025 4:36 pm
Blue Dart launches countrys largest low-emission integrated operating facility in Delhi

Blue Dart's newfacility is strategically located along the Dwarka Expressway in Bijwasan, Delhi, and would be only 20 minutes away from Indira Gandhi International Airport.

16 Jan 2025 2:24 pm
Chasing returns via mutual funds? Anil Singhvi wants you to focus on these 3 categories now

As Nifty has corrected from the September highs by as much as 11 per cent, Anil Singhvi said that investors instead of investing in stocks directly can take the mutual fund route.

16 Jan 2025 1:45 pm
IBC to establish Rs 390 crore 'Giga Factory Unit' in Bengaluru, production to begin in 9 months

Lithium-ion batteries manufacturer the International Battery Company (IBC) is set to commence production at its 'Giga Factory Unit' in Bengaluru within nine months, Karnataka's Minister for Large and Medium Industries, M B Patil said on Wednesday.

16 Jan 2025 1:06 pm