Company News

Edtech firm Physicswallah has received an income tax demand notice of Rs 263.34 crore for the assessment year 2023-24. The demand was raised after the Income Tax Department treated investments received by the company from investors during the period, including funds from SEBI-registered Category II Alternative Investment Funds (AIF), as taxable income, Physicswallah said in a regulatory filing. The company plans to challenge the assessment order. "Based on its preliminary assessment, the company believes that it has strong legal and factual grounds to file an appeal before the appropriate appellate authority," Physicswallah said. PhysicsWallah posted about a 33 per cent increase in consolidated profit to Rs 102.27 crore in the December quarter. Its revenue from operations also grew about 33 per cent to Rs 1,082.41 crore during the quarter from Rs 809.67 crore a year earlier. Shares of Physicswallah settled 7.87 per cent higher at Rs 86.81 crore on the BSE on Wednesday. The statut

Five-year agreement to enable joint research, student and faculty exchange, and academic programmes across institutions

Promoter family member resigns as non-executive director citing personal reasons, amid efforts to streamline roles within the Khaitan group

Trust seeks to broaden investor base and improve liquidity through OFS as it transitions from a privately listed InvIT to a publicly listed structure

Indian startups are turning cautious on expansion and investments in West Asia amid the ongoing conflict, with fintech and travel sectors seeing early stress while edtech remains relatively stable

Pronto's 23-year-old founder says daily bookings have grown 18-fold in seven months, as the startup targets 70,000 bookings a day by June

The five-year facility will be priced at about 185 basis points over the benchmark Secured Overnight Financing Rate, the people said. Final terms may change

Funds will support climate-aligned lending and expand credit access in Tier-II and Tier-III markets, with a focus on women-led businesses and underserved sectors

Licious is focusing on micro-markets within cities to drive growth, planning to scale dark stores and deepen presence in high-demand neighbourhoods

Based on preliminary estimates with the government, the production value in FY26 is estimated to hit ₹227,000 cr, which is an increase of more than 24% over the previous financial year's ₹183,000 cr

India's transmission infrastructure may see Rs 1.65 lakh crore investments over three years, creating significant EPC opportunities across substations, railways and renewables

Maruti Suzuki India (MSI) on Tuesday said it has received a draft assessment order worth Rs 5,786.4 crore from the income tax authority and the company will challenge the order. "The company has received a Draft Assessment Order for FY 2022 23 wherein certain additions / disallowances amounting to Rs 57,864 million with respect to returned income has been proposed," the carmaker said in a BSE filing. MSI will file its objections before the dispute resolution panel, it stated. There is no impact on financial, operation or other activities of the company due to this order, it added. Maruti Suzuki shares settled at Rs 12,993.55 apiece, up 1.88 per cent on BSE.

Ather Energy expands its service network to 500 centres across India, nearly doubling capacity to support growing EV adoption and strengthen after-sales service infrastructure

Lupin and Zydus Lifesciences enter a licensing pact to co-market semaglutide injection in India, aiming to improve access to therapies for diabetes and obesity

Renault India launches the all-new Duster with turbo petrol and hybrid options, advanced features, and introductory pricing, targeting strong demand in the competitive SUV segment

Nasdaq-listed Nebius shares, which closed at $112.50 on Friday, have risen 35 per cent so far this year, giving it a market capitalization of $28.6 billion

Foxconn's guidance for both first quarter and full year revenue are for "strong growth", the highest outlook it can give, as the company does not provide a numeric outlook

Bank says reports of an ED probe into online gaming transactions are speculative and clarifies that the ongoing DGGI investigation relates to programme managers and merchants

Tata Motors on Monday said it will increase the prices of its commercial vehicle range by up to 1.5 per cent from April 1. The price increase is being undertaken to partially offset the impact of rising commodity prices and other input costs, the company said in a regulatory filing. The increase will vary, depending on the model and variant, it added. Part of the USD 180 billion Tata Group, Tata Motors is India's largest manufacturer of utility vehicles, pick-ups, trucks, and buses. Tata Motors shares on Monday ended 2.82 per cent up at Rs 437.75 apiece on BSE.

Susquehanna Asia VC leads Series C round as Atlys expands globally and invests in AI tools to streamline visa applications and build infrastructure for cross-border travel